DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Permanent Magnet Motor Market - Forecasts from 2016 to 2021" report to their offering.
Global Permanent Magnet Motor market is projected to grow at a CAGR of 13.09% to reach US$40.25 billion by 2021, from US$21.76 billion in 2016.
Permanent magnets ferromagnetic materials having magnetic properties and generate their own magnetic fields. The magnets which are utilized in permanent magnet motors are obtained from rare earth metals. Growing adoption of automation in various industries is the major driver of global permanent magnet motor market.
The increasing use of robotic material handling due stringent regulations regarding workers' safety is boosting the demand for permanent magnet motors exponentially. Booming global automobile industry is further bolstering the growth of permanent magnet motor market worldwide.
In the coming years, the growth of this market will propel significantly due to growing renewable energy sector as solar energy and wind power technologies utilize permanent magnet motors in their generators. Geographically, China is the leading manufacturer of permanent magnet motors owing to the presence of rare earth materials in the abundant quantity in the country. However, the market growth will be restrained due to the high cost of permanent magnet motors and complexity in the manufacturing process.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Permanent Magnet Market Forecast by Motor Type (US$ billion)
6. Permanent Magnet Market Forecast by Magnet Used (US$ billion)
7. Permanent Magnet Market Forecast by Industry Verticals (US$ billion)
8. Permanent Magnet Motor Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- Allied Motion Technologies Inc
- Ametek Inc.
- Autotrol Corporation
- Baldor Electric
- Danaher Corporation
- Franklin Electric Co.
- Johnson Electric Holdings Ltd
- Rockwell Automation
For more information about this report visit http://www.researchandmarkets.com/research/nrdd9b/permanent_magnet