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Global Permanent Magnet Motor Market 2015-2019

Global Permanent Magnet Motor Market 2015-2019

About Permanent Magnet Motor

A permanent magnet is made from ferromagnetic materials, and it creates its own magnetic field and retains magnetic properties. Permanent magnet exhibits magnetic properties even if is removed from a magnetic field. Permanent magnet can be broadly classified into rare earth, ferrite, aluminum-nickel-cobalt (Alnico), and other magnets. Permanent magnet motor is manufactured with permanent magnets in rotors. Rare earth magnets, made from rare earth metals, are used as the permanent magnets in this motor. Unlike electromagnet, permanent magnet does not require continuous electric energy to maintain its electric field.

Technavio's analysts forecast the global permanent magnet motors market to grow at a CAGR of 11.37% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global permanent magnet motors market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following motors: NdFeb, samarium cobalt, and ferrite permanent magnet motors.Technavio's report, Global Permanent Magnet Motors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • Baldor Electric
  • Franklin Electric
  • Rockwell Automation
  • Siemens
Other Prominent Vendors
  • Allied Motion Technologies
  • Ametek
  • Autotrol
  • Danaher
  • Johnson Electric Holdings
  • Toshiba
Market Driver
  • Increased Efficiency
  • For a full, detailed list, view our report
Market Challenge
  • High Price of Rare Earth Magnets
  • For a full, detailed list, view our report
Market Trend
  • Demand for Alternative Sources of Energy
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Permanent Magnet Motor Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Permanent Magnet Motor Market: Baldor Electric, Franklin Electric, Rockwell Automation and Siemens

Other Prominent Vendors in the market are: Allied Motion Technologies, Ametek, Autotrol, Danaher, Johnson Electric Holdings and Toshiba

Commenting on the report, an analyst from Technavio’s team said: “The demand for integration of solar and wind energy into the electrical grid system has recently seen an unprecedented increase. These renewable sources of energy, when harnessed, can be used as substitutes to the existing thermal energy and other hydrocarbon sources of energy. However, the level of energy content in solar and wind energy is less than that in non-renewable sources of energy. Because of their non-polluting and renewable nature, these sources of energy find ready adoption. Advanced wind power technologies and energy storage systems use permanent magnets in products such as motors and generators, holding and separation products, and many electrical and electronic industrial process appliances. Increasing dependence on renewable sources of energy will lead to the growth of the global permanent magnet motor market.”

According to the report, ferrite magnets are abundant in nature, low cost, and can prevent eddy currents even in low frequency applications. Presently, manufacturers are shifting to ferrite magnets instead of costly permanent magnets to bring down the overall cost of motors. Currently, ferrite permanent magnet motors with a 2.2 kW rating can operate with 93% efficiency. Vendors are focusing on increasing the capacity further with R&D. Increased use of low-cost ferrite magnets in motors is driving market growth.

Further, the report states that the high price of rare earth magnets is hindering the market growth.

Companies Mentioned

Baldor Electric, Franklin Electric, Rockwell Automation, Siemens, Allied Motion Technologies, Ametek, Autotrol, Danaher, Johnson Electric Holdings, Toshiba

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
    • Table Benefits of Permanent Magnets
  • Market Landscape
    • Market Size and Forecast
      • Table Global Permanent Magnet Motor Market 2014-2019 ($ billions)
    • Five Forces Analysis
  • Market Segmentation by Type of Motor
    • Global Permanent Magnet Motor Market by Type of Motor 2014 and 2019
      • Table Global Permanent Magnet Motor Market by Type of Motor 2014 and 2019
    • Global NdFeB Motor Market
      • Market Size and Forecast
        • Table Global NdFeB Motor Market 2014-2019 ($ billions)
    • Global SmCo Motor Market
      • Market Size and Forecast
        • Table Global SmCo Motor Market 2014-2019 ($ billions)
    • Global Ferrite Motor Market
      • Market Size and Forecast
        • Table Global Ferrite Motor Market 2014-2019 ($ billions)
  • Market Segmentation by End-user
    • Global Permanent Magnet Motor Market by End-user 2014-2019
      • Table Global Permanent Magnet Motor Market by End-user 2014-2019
    • Global Permanent Magnet Motor Market by Factory Automation Segment
      • Market Size and Forecast
        • Table Global Permanent Magnet Motor Market by Factory Automation Segment 2014-2019 ($ billions)
    • Global Permanent Magnet Motor Market by Office Automation Segment
      • Market Size and Forecast
        • Table Global Permanent Magnet Motor Market by Office Automation Segment 2014-2019 ($ billions)
    • Global Permanent Magnet Motor Market by Medical Segment
      • Market Size and Forecast
        • Table Global Permanent Magnet Motor Market by Medical Segment 2014-2019 ($ billions)
    • Global Permanent Magnet Motor Market by Military/Aerospace Segment
      • Market Size and Forecast
        • Table Global Permanent Magnet Motor Market by Military/Aerospace Segment 2014-2019 ($ billions)
  • Geographical Segmentation
    • Segmentation of Global Permanent Magnet Motor Market by Geography 2014-2019
      • Table Segmentation of Global Permanent Magnet Motor Market by Geography 2014-2019
    • Permanent Magnet Motor Market in APAC
      • Market Size and Forecast
        • Table Permanent Magnet Motor Market in APAC 2014-2019 ($ billions)
    • Permanent Magnet Motor Market in Europe
      • Market Size and Forecast
        • Table Permanent Magnet Motor Market in Europe 2014-2019 ($ billions)
    • Permanent Magnet Motor Market in North America
      • Market Size and Forecast
        • Table Permanent Magnet Motor Market in North America
  • Buying Criteria
  • Market Growth Drivers
    • Table Global Hybrid Vehicles Market 2014-2019 (in thousand units)
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Table Major Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Baldor Electric
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Baldor Electric: Product Segmentation 2014
      • Geographical Segmentation 2014
        • Table Baldor Electric: Geographical Segmentation 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Franklin Electric
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Franklin Electric: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Franklin Electric: Business Segmentation by Revenue 2013 and 2014 ($ millions)
      • Geographical Segmentation by Revenue 2014
        • Table Franklin Electric: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • SWOT Analysis
    • Rockwell Automation
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Rockwell Automation: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Rockwell Automation: Business Segmentation by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Rockwell Automation: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Siemens Industry
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Siemens Industry: Business Segmentation 2013
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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