영구자석 모터 시장 : 유형별, 재료 조성별, 정격 전력별, 최종 사용자별, 지역별, 기회, 예측(2017-2031년)

Global Permanent Magnet Motor market is projected to witness a CAGR of 9.18% during the forecast period 2024-2031, growing from USD 50.2 billion in 2023 to USD 101.36 billion in 2031. Permanent magnet motors offer several benefits, including higher temperature operation, smaller bearing electrical currents, and good torque capacity. These benefits, along with magnetic efficiencies, are the key market drivers contributing to the market's growth. Moreover, the rising manufacturing industry, increasing demand for sustainable and decentralized energy, and the trend towards energy-efficient motors are also driving the market growth. Currently the key market players are actively focusing on the development of highly efficient permanent magnet motors coupled with advanced technological features to stay competitive and capitalize on the growing demand for energy-efficient solutions.

For example, in November 2023, Brazilian motor-maker WEG successfully developed a hybrid motor technology that combined the best technical characteristics of permanent magnet (PM) and synchronous reluctance (SynRM) motors. The W23 Sync+ technology is expected to provide higher efficiencies at all speeds as compared to the induction motors and would be available in IE5 and IE6 efficiencies.

Utilization of Motors in Various Inverter-fed Variable-Speed Drives are Amplifying Market Growth

The utilization of permanent magnet motors in various inverter-fed variable-speed drives propel the overall market growth significantly. These motors are commonly used in such drives, where the stator is powered by a variable-frequency, variable-voltage, electronically controlled source. Moreover, the increasing demand for automobile applications, industrial automation, and robotics are fueling the market growth exponentially.

For instance, in June 2023, Nidec showcased its latest permanent magnet motor technology at the 2023 EASA Convention, featuring the SynRA, an innovative, patent-pending, permanent magnet-free synchronous motor. This motor, when paired with the ID300 Perfectspeed integrated drive, offers one of the highest efficiencies available for commercial pumping and HVAC equipment. The company also presented its "Super Premium" and above variable frequency drive (VFD) motors and all-in-one, integrated motors and controls, which boast efficiency ratings of IE 4 and IE 5, contributing to remarkable energy savings compared to traditional single-speed motors.

Rise in the Number of Electric Vehicles is Proliferating the Market

The rise in the number of electric vehicles (EVs) is amplifying the expedition rate of the permanent magnet motor market. Due to their high efficiency and performance, permanent magnet motors are used in EVs, particularly in the form of Surface Permanent Magnet Synchronous Motors (SPMSMs). Moreover, the increasing adoption of EVs is driving the demand for permanent magnet motors, which are more efficient than traditional induction motors or motors with field windings.

For example, in March 2023, Tesla unveiled a less expensive, next-generation electric vehicle (EV) motor and platform. The new permanent magnet drive unit would be more cost-effective to manufacture and will not use any rare earth metals. This innovation is expected to require 75% less silicon carbide to produce, without compromising performance or efficiency. The drive unit would be compatible with any battery chemistry and is designed to be more efficient and affordable, requiring 50% less factory floor space than previous models and costing around USD 1,000 less to produce per unit.

Government Initiatives

Government initiatives are necessary to promote the growth of the permanent magnet motor market. These initiatives include promoting energy efficiency and sustainability, supporting research and development, encouraging the use of renewable energy sources, regulatory compliance, and investment in infrastructure development. Governments worldwide are focusing on building an energy-efficient and sustainable environment, which drives the adoption of permanent magnet motors. The increasing adoption of electric vehicles drives the demand for permanent magnet motors, which are more efficient than traditional induction motors or motors with field windings. Moreover, government initiatives help industries comply with energy efficiency regulations, making the adoption of permanent magnet motors more attractive.

For example, in January 2023, the United States government initiated a project to develop a Continuous Halbach Array Permanent Magnet Motor for Electric Vehicles. The project focuses on the impact of using these magnets on the performance of a motor designed for EVs. This initiative aims to promote the adoption of energy-efficient technologies and reduce carbon emissions, contributing to the growth of the permanent magnet motor market.

Usage of Permanent Magnet Motors in the Industrial Sector

Permanent magnet motors are increasingly used in various industries, including electronics, textiles, agriculture, warehousing, and pulp & paper, to offer higher-functioning products and some crucial additional features.

For example, in June 2023, Delta Line, a global motion solution manufacturer, introduced a new range of high torque capacity Brushed Permanent Magnet DC motors, including the 42DI, 52DI, and 63DI models. These motors offer nominal torque up to 0.06Nm, 0.22Nm, and 0.27Nm, respectively, catering to demanding applications in agriculture, warehousing, intralogistics, security, and access control. Moreover, the new motor range complemented the company's existing portfolio, which includes various motion system components such as servo motors, integrated motors, stepper motors, linear actuators, gearboxes, encoders, and intelligent drives.

Asia-Pacific Dominates Permanent Magnet Motor Market

The Asia Pacific region led the permanent magnet motor market due to several factors. China's dominance in the market share and the steady expansion of the Indian market have contributed to the region's leadership. Moreover, the Indian government implemented initiatives to boost the domestic electronics industry and reduce reliance on imports. The region's market growth is also attributed to the amplification of the electronics sector and the increasing demand for electrical devices.

For instance, in May 2023, Alstom's Chinese joint venture, Alstom NUG Propulsion System Co. (ANP), achieved a significant milestone by successfully implementing its silicon carbide (SiC) and permanent magnet motor propulsion system on a demonstration train operating on Chengdu Line 7. This marked the first introduction of such a traction system in China, combining a complete silicon carbide traction converter and a permanent magnet synchronous motor. The project's success represented a new chapter in energy conservation for China's rail transit, with SiC and PMM technologies expected to save 30% of energy in train traction.

Future Market Scenario (2024 - 2031F)

The market is driven by the demand for energy-efficient motors, with a strong focus on sustainability and decentralized energy, particularly in industries such as petrochemical, oil and gas, metallurgy, power generation, and automotive, which in turn, is expected to cater to ample opportunities for market growth over the upcoming years.

The key market players are investing in research and development to improvise the motor's technological aspects, which can eventually lead to plenty of opportunities for market expedition over the upcoming years.

Furthermore, the future of the permanent magnet motor market looks promising, with a wide range of emerging applications in the healthcare and aerospace industries.

Key Players Landscape and Outlook

The permanent magnet motor market participants include Franklin Electric Company Inc., ABB Limited, Danaher Corporation, Allied Motion Technologies Inc., and Toshiba Corporation. These key market players focus on technological developments and various strategic partnerships to increase their market revenue and secure a prominent position in the highly competitive environment.

In July 2023, ABB introduced a groundbreaking shaft generator utilizing powerful permanent magnets, revolutionizing the maritime industry. The company leads in megawatt machines using innovative permanent magnet technology, pre-assembled at its Large Drive Test Centre in Finland. These generators, featuring modern neodymium magnets, enhance performance and reliability and are expected to yield up to 17% greater efficiency during voyages compared to diesel gensets. The use of permanent magnets significantly reduces the unit's size and weight, offering more fuel efficiency.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Price
  • 4.3.2. Quality
  • 4.3.3. Power Rating
  • 4.3.4. Efficiency
  • 4.3.5. Durability
  • 4.3.6. Brand
  • 4.3.7. Lead Time
  • 4.3.8. After Sales Support
• 4.4. Consideration of Privacy & Safety Regulations

5. Global Permanent Magnet Motor Market Outlook, 2017-2031F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Type
  • 5.2.1. Surface Permanent Magnet Synchronous Motor (SPMSM)
  • 5.2.2. Interior Permanent Magnet Synchronous Motor (IPMSM)
• 5.3. By Material Composition
  • 5.3.1. Aluminum
  • 5.3.2. Iron
  • 5.3.3. Nickel
  • 5.3.4. Copper
  • 5.3.5. Cobalt
  • 5.3.6. Others
• 5.4. By Power Rating
  • 5.4.1. Up to 25 kW
  • 5.4.2. 25 to 100 kW
  • 5.4.3. 100 to 300 kW
  • 5.4.4. 300 kW and above
• 5.5. By End-user
  • 5.5.1. Industrial
  • 5.5.2. Commercial
  • 5.5.3. Residential
• 5.6. By Region
  • 5.6.1. North America
  • 5.6.2. Europe
  • 5.6.3. Asia-Pacific
  • 5.6.4. South America
  • 5.6.5. Middle East and Africa
• 5.7. By Company Market Share (%), 2023

6. Global Permanent Magnet Motor Market Outlook, By Region, 2017-2031F

• 6.1. North America*
  • 6.1.1. Market Size & Forecast
    • 6.1.1.1. By Value
    • 6.1.1.2. By Volume
  • 6.1.2. By Type
    • 6.1.2.1. Surface Permanent Magnet Synchronous Motor (SPMSM)
    • 6.1.2.2. Interior Permanent Magnet Synchronous Motor (IPMSM)
  • 6.1.3. By Material Composition
    • 6.1.3.1. Aluminum
    • 6.1.3.2. Iron
    • 6.1.3.3. Nickel
    • 6.1.3.4. Copper
    • 6.1.3.5. Cobalt
    • 6.1.3.6. Others
  • 6.1.4. By Power Rating
    • 6.1.4.1. Up to 25 kW
    • 6.1.4.2. 25 to 100 kW
    • 6.1.4.3. 100 to 300 kW
    • 6.1.4.4. 300 kW and above
  • 6.1.5. By End-user
    • 6.1.5.1. Industrial
    • 6.1.5.2. Commercial
    • 6.1.5.3. Residential
  • 6.1.6. United States*
    • 6.1.6.1. Market Size & Forecast
    • 6.1.6.1.1. By Value
    • 6.1.6.1.2. By Volume
    • 6.1.6.2. By Type
    • 6.1.6.2.1. Surface Permanent Magnet Synchronous Motor (SPMSM)
    • 6.1.6.2.2. Interior Permanent Magnet Synchronous Motor (IPMSM)
    • 6.1.6.3. By Material Composition
    • 6.1.6.3.1. Aluminum
    • 6.1.6.3.2. Iron
    • 6.1.6.3.3. Nickel
    • 6.1.6.3.4. Copper
    • 6.1.6.3.5. Cobalt
    • 6.1.6.3.6. Others
    • 6.1.6.4. By Power Rating
    • 6.1.6.4.1. Up to 25 kW
    • 6.1.6.4.2. 25 to 100 kW
    • 6.1.6.4.3. 100 to 300 kW
    • 6.1.6.4.4. 300 kW and above
    • 6.1.6.5. By End-user
    • 6.1.6.5.1. Industrial
    • 6.1.6.5.2. Commercial
    • 6.1.6.5.3. Residential
  • 6.1.7. Canada
  • 6.1.8. Mexico

All segments will be provided for all regions and countries covered

• 6.2. Europe
  • 6.2.1. Germany
  • 6.2.2. France
  • 6.2.3. Italy
  • 6.2.4. United Kingdom
  • 6.2.5. Russia
  • 6.2.6. Netherlands
  • 6.2.7. Spain
  • 6.2.8. Turkey
  • 6.2.9. Poland
• 6.3. Asia-Pacific
  • 6.3.1. India
  • 6.3.2. China
  • 6.3.3. Japan
  • 6.3.4. Australia
  • 6.3.5. Vietnam
  • 6.3.6. South Korea
  • 6.3.7. Indonesia
  • 6.3.8. Philippines
• 6.4. South America
  • 6.4.1. Brazil
  • 6.4.2. Argentina
• 6.5. Middle East & Africa
  • 6.5.1. Saudi Arabia
  • 6.5.2. UAE
  • 6.5.3. South Africa

7. Market Mapping, 2023

• 7.1. By Type
• 7.2. By Material Composition
• 7.3. By Power Rating
• 7.4. By End-user
• 7.5. By Region

8. Macro Environment and Industry Structure

• 8.1. Demand Supply Analysis
• 8.2. Import Export Analysis
• 8.3. Value Chain Analysis
• 8.4. PESTEL Analysis
  • 8.4.1. Political Factors
  • 8.4.2. Economic System
  • 8.4.3. Social Implications
  • 8.4.4. Technological Advancements
  • 8.4.5. Environmental Impacts
  • 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 8.5. Porter's Five Forces Analysis
  • 8.5.1. Supplier Power
  • 8.5.2. Buyer Power
  • 8.5.3. Substitution Threat
  • 8.5.4. Threat from New Entrant
  • 8.5.5. Competitive Rivalry

9. Market Dynamics

• 9.1. Growth Drivers
• 9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

• 10.1. Competition Matrix of Top Five Market Leaders
• 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
• 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 10.4. SWOT Analysis (For Five Market Players)
• 10.5. Patent Analysis (If Applicable)

11. Pricing Analysis

12. Case Studies

13. Key Players Outlook

• 13.1. ABB Limited
  • 13.1.1. Company Details
  • 13.1.2. Key Management Personnel
  • 13.1.3. Products & Services
  • 13.1.4. Financials (As reported)
  • 13.1.5. Key Market Focus & Geographical Presence
  • 13.1.6. Recent Developments
• 13.2. Siemens AG
• 13.3. Robert Bosch GmbH
• 13.4. Danaher Corporation
• 13.5. Franklin Electric Company Inc.
• 13.6. Allied Motion Technologies Inc.
• 13.7. Toshiba Corporation
• 13.8. Nidec Corporation
• 13.9. Johnson Electric Holdings Ltd
• 13.10. GIC Manufacturing LLC (Autotrol Corporation)

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14. Strategic Recommendations

15. About Us & Disclaimer