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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Permanent Magnet Motors market. Market segmentation includes Type (Alternate Current Motor, Direct Current Motor, Brushless DC); End-Use (Industrial, Commercial & Residential, Healthcare, Other End-Uses)

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24 November 5:55 a.m., Silicon Valley, California - According to the new market research report, the global market for Permanent Magnet Motors is projected to grow at a CAGR of 7.1% to reach US$42.3 billion by 2027, on account of continuing advances and increasing adoption of these motors across end-use industries. The global Permanent Magnet Motors market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Alternate Current Motor, one of the segments analyzed and sized in this study, is forecast to grow at over 8% and reach a market size of US$19 billion by the end of the analysis period. The United States is forecast to readjust to a 6.2% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$1.4 billion growing at a CAGR of 4.2% over the next couple of years. In addition, over US$1.4 billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Alternate Current Motor segment will reach a market size of US$1.2 billion by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Alternate Current Motor segment in this country against this backdrop will grow at a CAGR of 6.2% over the next couple of years to create an addressable market opportunity worth US$5.5 billion by the year 2027.

The global market for permanent magnet motors is expected to head for long term incremental gains post COVID-19 pandemic recessionary environment, on account of continuing advances and increasing adoption of these motors across end-use industries. Enhanced efficiency coupled with integration of these motors in electric vehicles and automobiles is poised to supplement market growth in future. The market is likely to be bolstered by availability of material handling robots and strong focus on high precision. The market is also slated to gain from increasing demand for chip conveyors, oil reservoirs, elevators, photocopy machines and coolant pumps across numerous industries. These motors will also witness robust demand from countries holding rare earth material resources. China commands the global rare earth magnet market and is the leading manufacturer of permanent magnet motors. The country scores high over other nations in terms of cost-competitiveness, and is slated to augment the market growth. The global market will also be propelled by increasing transition from induction towards permanent magnet motors to improve device performance and achieve energy savings. In addition, manufacturers serving the market are offering advanced solutions and collaborating with other vendors for conceptualizing motors with energy efficiency and superior performance.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 17272. Among this pool, 1727 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 343 unique participations, a total of 154 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Siemens AG
Toshiba Corporation
General Electric Company
Rockwell Automation, Inc.
Emerson Electric Company
Yaskawa Electric Corporation
WEG SA
Nidec Corporation
Allied Motion Technologies, Inc.
Johnson Electric Holdings Limited

Segments Covered in the Report -
Type (Alternate Current Motor, Direct Current Motor, Brushless DC)
End-Use (Industrial, Commercial & Residential, Healthcare, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
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Email: sales@StrategyR.com