Press release
Magnetically Levitated Planar Motor Market Revenue Share, Insights & Future Outlook
The global market for Magnetically Levitated Planar Motor was valued at US$ 7.4 million in 2024 and is projected to reach US$ 16.3 million by 2031, growing at a CAGR of 12.0% during the forecast period.The market is driven by rising demand for automation and precision in manufacturing, the need for flexible and efficient motion control systems, and the adoption of IoT and Industry 4.0 technologies. Integration of sensors and data-gathering devices into manufacturing processes increases the demand for advanced planar motor systems. Technological advancements in linear motors, amplifiers, and performance-optimizing software further propel market growth.
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What Factors Are Driving Growth in the Magnetically Levitated Planar Motor Market?
Increasing automation, precision manufacturing requirements, and the rise of IoT and Industry 4.0 are key drivers of market expansion.
How Is the Market Segmented by Type and Application?
By Type
• Payload Less Than 2 Kg
• Payload Between 2 And 6 Kg
• Payload More Than 6 Kg
By Application
• Food & Beverage
• Pharmaceuticals
Which Companies Are Leading the Magnetically Levitated Planar Motor Market?
Key players include Planar Motor Incorporated (PMI), Beckhoff Automation, and Philips NV.
Key Companies in the Market
• Planar Motor Incorporated (PMI) - Specializes in magnetically levitated planar motors for high-precision industrial applications.
• Beckhoff Automation - Offers automation solutions including planar motors for flexible manufacturing systems.
• Philips NV - Develops advanced planar motor technologies for industrial and automation applications.
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