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From: Stephen Morrissey <stephen.morrissey@researchandmarkets.org>
Date: Tue, 11 Jun 2024 12:54:47 +0100
Subject: Permanent Magnet Motor - Market Share Analysis, Industry Trends &
Statistics, Growth Forecasts 2019 - 2029
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Dear Vince,
We are pleased to share key insights from a comprehensive market repor=
t on the Permanent Magnet Motor (PMM) market. The market size is estim=
ated at USD 48.34 billion in 2024, expected to grow to USD 77.71 billi=
on by 2029, at a CAGR of 9.96%.<br /><br /><strong>Key Drivers:</stron=
g><br /><ul><li>Rising Demand for Electric Vehicles (EVs): With the gl=
obal surge in electric car registrations and leading automakers incorp=
orating PMMs into EVs, the market is set to expand significantly.</li>=
<li>Industrial Adoption: The increasing use of PMMs in various industr=
ial applications due to their high efficiency and throughput is drivin=
g market growth.</li><li>Advancement in Motor Efficiency: Technologica=
l advancements in motor efficiency are encouraging the adoption of PMM=
s across various sectors.</li></ul><strong>Market Highlights:</strong>=
<br /><ul><li>Diverse Applications: PMMs are utilized in a wide range =
of applications, from wristwatch stepping motors to large PM synchrono=
us motors for ship propulsion.</li><li>Material Advantages: Neodymium,=
known for its high energy product and residual flux density, is incre=
asingly used in industrial applications despite its high cost and scar=
city.</li><li>HVAC Equipment Demand: The rise in new households, const=
ruction spending, urbanization, and disposable incomes are boosting th=
e demand for HVAC equipment, driving the PMM market.</li></ul><strong>=
Challenges:</strong><br /><ul><li>Raw Material Prices: Geopolitical co=
ncerns and mineral scarcity are increasing the cost of raw materials, =
affecting motor prices.</li><li>COVID-19 Impact: The pandemic signific=
antly disrupted industrial operations, affecting the PMM market, parti=
cularly in the manufacturing sector.</li></ul><strong>Market Trends:</=
strong><br /><ul><li>Direct Current Motors: Permanent DC motors are ga=
ining popularity due to their efficiency, compact size, and ease of op=
eration. They are extensively used in automobile components, power too=
ls, and emerging applications like drones and regenerative braking.</l=
i><li>Electric Vehicles: The adoption of PMDC motors in electric cars =
and increased investments by key players are expected to boost market =
growth. For instance, global battery electric vehicle sales rose from =
4.6 million units in 2021 to approximately 7.3 million units in 2022.<=
/li></ul><strong>Recent Developments:</strong><br /><ul><li>Delta Line=
: Introduced a new range of brushed permanent magnet DC motors in July=
2023, enhancing market offerings with various sizes and torque specif=
ications.</li><li>Collins Aerospace: Announced the development of a 50=
0-kilowatt electric motor for the Airlander 10 aircraft in July 2022, =
aiming for high power density and efficiency through innovative motor =
topology and composite construction.</li></ul><strong>Competitive Land=
scape:</strong><br /><br />The PMM market is highly competitive, with =
companies focusing on innovations and R&D investments to gain a la=
rger market share. Competitive strategies and increasing market penetr=
ation are expected to intensify market rivalry.<br /><br />For a detai=
led analysis and additional benefits, including the market estimate (M=
E) sheet in Excel format and three months of analyst support, please d=
o not hesitate to contact us.<br /><br />Find out more:
https://www.researchandmarkets.com/reports/5175077/permanent-magnet-mo=
tor-market-share-analysis?utm_source=3DMC&utm_medium=3DEmail&utm_code=3D=
nhnfnykka&utm_ss=3D85&utm_campaign=3D1969677+-+Permanent+Magnet+Motor+=
-+Market+Share+Analysis%2c+Industry+Trends+%26+Statistics%2c+Growth+Fo=
recasts+2019+-+2029&utm_exec=3Drore169mtd
If you require any assistance, please do not hesitate to contact me.
Thank you for your consideration.
Best Regards,
Stephen Morrissey
Senior Manager
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<h1 style=3D"w=
ord-break: normal; text-align: left; line-height: 24px; font-size: 20p=
x; margin-bottom: 10px;color: #256B9F;" align=3D"left">Permanent Magne=
t Motor - Market Share Analysis, Industry Trends & Statistics, Growth =
Forecasts 2019 - 2029</h1> Dear Vince,<br /><br />We are pleased to sh=
are key insights from a comprehensive market report on the Permanent M=
agnet Motor (PMM) market. The market size is estimated at USD 48.34 bi=
llion in 2024, expected to grow to USD 77.71 billion by 2029, at a CAG=
R of 9.96%.<br /><br /><strong>Key Drivers:</strong><br /><ul><li>Risi=
ng Demand for Electric Vehicles (EVs): With the global surge in electr=
ic car registrations and leading automakers incorporating PMMs into EV=
s, the market is set to expand significantly.</li><li>Industrial Adopt=
ion: The increasing use of PMMs in various industrial applications due=
to their high efficiency and throughput is driving market growth.</li=
><li>Advancement in Motor Efficiency: Technological advancements in mo=
tor efficiency are encouraging the adoption of PMMs across various sec=
tors.</li></ul><strong>Market Highlights:</strong><br /><ul><li>Divers=
e Applications: PMMs are utilized in a wide range of applications, fro=
m wristwatch stepping motors to large PM synchronous motors for ship p=
ropulsion.</li><li>Material Advantages: Neodymium, known for its high =
energy product and residual flux density, is increasingly used in indu=
strial applications despite its high cost and scarcity.</li><li>HVAC E=
quipment Demand: The rise in new households, construction spending, ur=
banization, and disposable incomes are boosting the demand for HVAC eq=
uipment, driving the PMM market.</li></ul><strong>Challenges:</strong>=
<br /><ul><li>Raw Material Prices: Geopolitical concerns and mineral s=
carcity are increasing the cost of raw materials, affecting motor pric=
es.</li><li>COVID-19 Impact: The pandemic significantly disrupted indu=
strial operations, affecting the PMM market, particularly in the manuf=
acturing sector.</li></ul><strong>Market Trends:</strong><br /><ul><li=
>Direct Current Motors: Permanent DC motors are gaining popularity due=
to their efficiency, compact size, and ease of operation. They are ex=
tensively used in automobile components, power tools, and emerging app=
lications like drones and regenerative braking.</li><li>Electric Vehic=
les: The adoption of PMDC motors in electric cars and increased invest=
ments by key players are expected to boost market growth. For instance=
, global battery electric vehicle sales rose from 4.6 million units in=
2021 to approximately 7.3 million units in 2022.</li></ul><strong>Rec=
ent Developments:</strong><br /><ul><li>Delta Line: Introduced a new r=
ange of brushed permanent magnet DC motors in July 2023, enhancing mar=
ket offerings with various sizes and torque specifications.</li><li>Co=
llins Aerospace: Announced the development of a 500-kilowatt electric =
motor for the Airlander 10 aircraft in July 2022, aiming for high powe=
r density and efficiency through innovative motor topology and composi=
te construction.</li></ul><strong>Competitive Landscape:</strong><br /=
><br />The PMM market is highly competitive, with companies focusing o=
n innovations and R&D investments to gain a larger market share. Compe=
titive strategies and increasing market penetration are expected to in=
tensify market rivalry.<br /><br />For a detailed analysis and additio=
nal benefits, including the market estimate (ME) sheet in Excel format=
and three months of analyst support, please do not hesitate to contac=
t us.<br /><br />Find out more:<br />
<a href=3D"https://www.researchandmarkets.com/reports/5175077/permanen=
t-magnet-motor-market-share-analysis?utm_source=3DMC&utm_medium=3DEmai=
l&utm_code=3Dnhnfnykka&utm_ss=3D85&utm_campaign=3D1969677+-+Permanent+=
Magnet+Motor+-+Market+Share+Analysis%2c+Industry+Trends+%26+Statistics=
%2c+Growth+Forecasts+2019+-+2029&utm_exec=3Drore169mtd">Permanent Magn=
et Motor - Market Share Analysis, Industry Trends & Statistics, Growth=
Forecasts 2019 - 2029</a><br /><br />Thank you for your consideration=
.<br /><br />Best Regards,<br /><br />Stephen Morrissey<br />Senior Ma=
nager </td>
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