Permanent Magnet Motor Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

New York, Global Permanent Magnet Motor Market report from Global Insight Services is the single authoritative source of intelligence on Permanent Magnet Motor Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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A permanent magnet motor is an electric motor that uses permanent magnets to create its magnetic field. This type of motor is typically used in applications where the motor will be running continuously, such as in a fan or pump. Permanent magnet motors are more efficient than other types of electric motors, and they are also smaller and lighter.

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Key Trends

Permanent magnet motors are becoming increasingly popular due to their high efficiency and reliability. The key trends in permanent magnet motor technology are:

1. Increased Efficiency: Permanent magnet motors are becoming increasingly efficient, with some models achieving efficiencies of over 90%.

2. Increased Reliability: Permanent magnet motors are also becoming more reliable, with some models having Mean Time Between Failures (MTBF) of over 100,000 hours.

3. Increased Power Density: Permanent magnet motors are becoming more powerful, with some models having power densities of over 1 kW/kg. This is due to the use of stronger magnets and improved manufacturing processes.

Key Drivers

The main drivers of the permanent magnet motor market are the increasing demand for energy-efficient motors, and the need for miniaturization.

The demand for energy-efficient motors is driven by the need to reduce energy consumption and carbon emissions. Permanent magnet motors are more efficient than conventional motors, and thus their adoption is increasing in a variety of applications, such as pumps, fans, and compressors.

The need for miniaturization is another driver of the permanent magnet motor market. Permanent magnet motors are smaller and lighter than conventional motors, and thus are ideal for use in portable applications, such as laptops and cell phones.

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Market Segments

The permanent magnet motor market is segmented by motor type, magnet type, application, and region. By motor type, the market is divided into alternating current motors, direct current motors, hermetic motors. On the basis of magnet type, it is bifurcated into neodymium, samarium cobalt, and ferrite. Based on application, the market is classified into factory automation, consumer, commercial, medical, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global permanent magnet motor market includes players such as Rockwell Automation, Johnson Electric, Toshiba, AMETEK, TECO, Dumore, Electrocraft, Cartermotor Company, Yaskawa, Allied Motion, and others.

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