Global Permanent Magnet Motor Market Growth 2023-2029

Global Permanent Magnet Motor Market Growth 2023-2029

LPI (LP Information)' newest research report, the “Permanent Magnet Motor Industry Forecast” looks at past sales and reviews total world Permanent Magnet Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Motor sales for 2023 through 2029. With Permanent Magnet Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Permanent Magnet Motor industry.
This Insight Report provides a comprehensive analysis of the global Permanent Magnet Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Permanent Magnet Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Permanent Magnet Motor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Permanent Magnet Motor.
The global Permanent Magnet Motor market size is projected to grow from US$ 3556.5 million in 2022 to US$ 6340.4 million in 2029; it is expected to grow at a CAGR of 6340.4 from 2023 to 2029.
Global key players of Permanent Magnet Motor include ABB, Siemens, Nidec, WEG, Toshiba and Franklin Electric, etc. Top five players occupy for a share about 43%. Asia-Pacific is the largest market, with a share about 38%, followed by North America and Europe. In terms of product, 25-100 KW is the largest segment, with a share over 34%. In terms of application, Petrochemical is the largest market, with a share over 17%.
This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Motor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
1-25 KW
25-100 KW
100-300 KW
Above 300 KW
Segmentation by application
Petrochemical
Oil and Gas
Metallurgy
Mine (Except Coal)
Coal
Power
Aerospace
Textile Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Nidec
WEG
Toshiba
Franklin Electric
Regal Beloit
Mitsubishi Electric
TECO Electric & Machinery
Wolong
HITACHI
DEC Dongfeng Electric Machinery
CRRC
Jiamusi Electric Machine Company Limited
ZhejiangZhong Yuan Electric
Xiangtan Electric Machinery Factory Manufacturing
MT Permanent-Magnet Motor Corporation
Jiang Tian Motor Co., Ltd.
Aerospace Power
Hunan SUND Technological Corporation
Jiangsu Anjie
Key Questions Addressed in this Report
What is the 10-year outlook for the global Permanent Magnet Motor market?
What factors are driving Permanent Magnet Motor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Permanent Magnet Motor market opportunities vary by end market size?
How does Permanent Magnet Motor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.