Global Permanent Magnet Motors Market to grow at a CAGR of 11.37% over the period 2014-2019; Finds New Report

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

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.

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.

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 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

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.

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?

Spanning over 68 pages, “Global Permanent Magnet Motor Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Type of Motor, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

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