Press release
Permanent Magnet Motor Market to 2024 | Industry Statistics, Emerging Demands, Forecast to 2031 | GKN Automotive Ltd. Hitachi Automotive Systems, Ltd. Magna International Inc.
Permanent Magnet Motor Market
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Among the motor type, the direct current (DC) motor sub-segment is expected to hold a considerable share of the global permanent magnet motor market. The segmental growth is attributed to the increasing demand for sustainability in a modern context. Brushed Permanent Magnet DC motors add significantly to the modern sustainability narrative by emphasizing lower energy consumption. As the globe focuses increasingly on environmentally friendly technologies, these motors play an essential role in developing more sustainable systems. For instance, in July 2023, Delta Line launched a Brushed Permanent Magnet DC motor range. The development of medium-range Permanent Magnet Pumps complies with the global movement for energy efficiency. The capacity to operate at NEMA Ultra-Premium Efficiency levels demonstrates a dedication to decreased energy usage, which is essential in modern sustainability-focused the globe.
full report of Permanent Magnet Motor Market available @ https://www.omrglobal.com/industry-reports/permanent-magnet-motor-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Permanent Magnet Motor Market Report Segment
By Motor Type
• Direct Current (DC) Motor
• Alternating Current (AC) Motor
By Magnetic Material Type
• Ferrite (Ceramic) Magnets
• Neodymium Iron Boron (NdFeB or NIB)
• Samarium Cobalt (SmCo)
• Others ( Alnico (Aluminum, Nickel, Cobalt, and Iron), and Bonded Magnets)
By End-user
• Automotive
• General Industrial
• Renewable Energy (Wind Power)
• Water and Wastewater Management
• Mining, Oil, and Gas
• Aerospace and Defense
• Others (Medical Devices, Telecommunications, and Consumer Electronics)
Global Permanent Magnet Motor Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global permanent magnet motor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies. Competitive strategies by identifying 'who-stands-where' in the market.
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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