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Global Permanent Magnet Motors Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

Technlogy & Business
Typography

DUBLIN--(BUSINESS WIRE)--The "Global Permanent Magnet Motors Market - Segmented by Motor Type, Magnets Used, End Users, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global permanent magnet motors market was valued at US$31.45 billion in 2017 and is expected to reach a value of US$65.23 billion by 2023 at a CAGR of 12.93% over the forecast period (2018 - 2023).

The lower operating temperatures of PMM reduces wear & tear and minimizes maintenance requirements, making it a suitable replacement for conventional motors. PMM motors have been integrated into different industries, owing to their extended bearing and insulation life, and robust construction, for years of trouble-free operation in harsh environments. Though induction motors are available at a low initial cost, higher operating costs have made many companies prefer PMM, to optimize energy usage and obtain a full return on investment more quickly. It has been identified that the system efficiency of a PMAC motor/drive setup ranges from 40% to beyond 120% load.

The United States established a new renewable energy milestone in 2017. For the first time, wind and solar energy accounted for a significant portion of all electricity generation, with wind comprising of 8%, and solar coming in at 2%. However, hydroelectric power still held the dominant share in the region. Texas generated the most wind and solar energy than any other state, nearly all of which came from wind power. Iowa had the largest share of renewables, in total energy production.

Companies Mentioned

  • ABB Ltd.
  • John Deere
  • Honeywell International Inc.
  • Fanuc Corp
  • Mitsubishi Electric
  • Emerson Electric Company
  • Rockwell Automation Inc.
  • Schneider Electric
  • General Electric Company
  • Robert Bosch GmbH
  • Siemens AG
  • Yokogawa Electric

Key Topics Covered:

1. Introduction

2. Research methodology

3. Key Findings

4. Executive summary

5. Market insights

6. Market Dynamics

7. Global Permanent Magnet Motors Market Segmentation

8. Competitive Intelligence - Company Profiles

9. Investment analysis

10. Future of Permanent Magnet Motors Market

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/gp5nc2/global_permanent?w=4

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