Press release
Permanent Magnet Motor Market Report To Examine Manufacturing Cost Analysis, Marketing Channel, Opportunities and Forecast 2021–2026
The Global “Permanent Magnet Motor Market” research includes market forecast information such as market revenue, manufacturer size, production and consumption ratios, as well as a CAGR value. The research discusses the most important market influencing variables, such as market growth, development status, and other industry-specific challenges. The Permanent Magnet Motor market covers entire study patterns of the future market, as well as major driving elements. It also includes a detailed study of the top major players, as well as sector analyses.In accordance with the Permanent Magnet Motor market is set to grow at a CAGR of 9.21% over the forecast period (2021-2026).
The Global Permanent Magnet Motor market provides company profiles for main key players, as well as advancement trends, competitive landscape breakdowns, and important regional development status.
Major Players of the Permanent Magnet Motor Market:
Siemens AG, Rockwell Automation, ABB Limited, Franklin Electric Company Inc., Allied Motion Technologies Inc., Toshiba Corporation, Ametek Inc., Johnson Electric Holdings Ltd, Autotrol Corporation, Robert Bosch GmbH, Danaher Corporation, Bonfiglioli Riduttori SpA, Aerotech Corporation, Crouzet Automatismes SAS, Buhler Motors GmbH, Nider Corporation
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https://www.marketintelligencedata.com/reports/289391/permanent-magnet-motor-market-growth-trends-covid-19-impact-and-forecasts-2021-2027/inquiry?mode=Ich_pooja
Key Market Trends
Direct Current Motor Holds Significant Share
- Permanent DC motors have been popular in the industry since the industry started shifting from an induction motor. The DC motors offer a few advantages, such as ease of operation, compact size, and ability to perform without further control.
- PMDC motors are highly efficient, and they can provide considerable power and torque in a tiny form factor. Additionally, they can be easily interfaced with batteries because they have been widely used in various applications. Their compact size and compatibility with batteries provide opportunities for many newer applications and industries, like drones, regenerative braking, power tools, etc.
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Furthermore, the impact of COVID-19 is a worry. Since its breakout in December 2019, the COVID-19 virus has spread to over 100 nations, causing massive deaths and economic losses.
North America Holds Significant Market Share
- The North American region is expected to hold a significant share globally due to the increasing investments by market players and other organizations, coupled with government initiatives toward building an energy-efficient and sustainable environment. The strong wind energy sector is set to grow in the region and boost the growth of the permanent magnet market during the forecast period.
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Some Major Points from Table of Contents:
Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. Permanent Magnet Motor Market: Industry Analysis
Chapter 4. Permanent Magnet Motor Market: Product Insights
Chapter 5. Permanent Magnet Motor Market: Application Insights
Chapter 6. Permanent Magnet Motor Market: Regional Insights
Chapter 7. Permanent Magnet Motor Market: Competitive Landscape
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