Global Permanent Magnet Motor Market Size and Forecast
According to Planet Market Reports, the global permanent magnet motor market was valued at USD 28.08 Billion in 2018 and is projected to reach USD 54.16 Billion by 2026, growing at a CAGR of 8.52% from 2019 to 2026.
The latest survey on Global Permanent Magnet Motor Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in the Permanent Magnet Motor Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Permanent Magnet Motor Market By Type, By Parking Site, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
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What Is Permanent Magnet Motor?
Permanent magnet motor is a type of brushless electric motor that uses permanent magnets rather than winding in the field. This is the more efficient motor and applicable for certain high-efficiency applications such as electric vehicles. The permanent magnets used provide the magnetic fields that interact with the rotor field to produce torque. This eliminates the need to power the stator, thereby reducing electrical energy consumption.
Global Permanent Magnet Motor Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Permanent Magnet Motor Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Permanent Magnet Motor Market Competitive Landscape
The “Global Permanent Magnet Motor Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Allied Motion, AMETEK, Inc., The Emerson Electric Co., Johnson Electric, Nidec Corporation, Rockwell Automation, Inc., Siemens, Toshiba Corporation, WEG, and The Yaskawa Electric Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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