Permanent magnet is an object made up of ferromagnetic material, which has magnetic properties and creates its own magnetic field. Permanent magnet motors are manufactured using permanent magnets in the rotors. Rare earth magnets, made from rare earth metals, are powerful magnets used in PM motors. Unlike electromagnets, permanent magnets do not require continuous electrical energy to maintain their electric field, due to which PM motors are preferred over electromagnetic motors. One of the recent innovations in permanent magnets are the nanocomposite permanent magnets. The use of permanent magnets reduces the size of motors and improves performance, which can be done using nanocomposite permanent magnets. Currently, these magnets are used in magnetic storage media, biomedicine, sensors, pigments and catalysts.
Most permanent magnet motors are used in combination with AC or DC electric motors. These type of motors require less power, possess excellent heat dissipation property and performs with higher efficiencies as compared to other electric motors. Permanent magnet motors are used in various industrial applications, in order to improve the efficiencies of the machines. Forklifts, Robots, Blower drives, Railroad (switchers, track, crossing gates), Marine Pumps and Amusement rides, are some of the prime examples where permanent magnet motors are used. Presently, various advantages of permanent magnets such as operating capabilities at higher temperatures, (due to less rotor losses) and less bearing currents (due to larger air gaps) are driving the permanent magnet motors market. Additionally, permanent magnet synchronous motors have a 30% to 60% higher torque capacity with faster acceleration and deceleration, as compared to asynchronous type motors. On the other hand, high cost of these motors due to limited raw material sources of magnets and complex construction circuitries for some applications limits the use of these motors across various applications. Market players are launching highly efficient and low power consuming devices, to meet the rising demands of consumers. The market is witnessing growing trend of energy efficient motors in all applications. For instance, in 2012, Hitachi launched an 11kW, high efficiency permanent magnet synchronous motor, without the use of conventional materials. This motor is compact in size, offers an operational efficiency of approximately 93% and delivers improved performance of the motor. The efficiency of motors is divided in various efficiency classes namely IE1, IE2, IE3, IE4, where IE4 being highest efficiency and IE1 being lowest.
The global permanent magnet motors market is segmented based on motor type, magnet type, power range, applications and geography. Permanent magnet AC motors (PMAC) are efficient, render precise speed control, has higher power density, and longer bearing & insulation life over AC induction motors. These advantages drive the PMAC motors. Further, Neodymium (NdFeB), Samarium Cobalt (SmCo5 and Sm2Co17) and Ferrite are some major magnet types, discussed in this report. These magnets are used in the motor drives, magnetic pump couplings, generators, sensors, starter motors etc. Amongst all type of permanent magnet, Neodymium is popularly used magnet due to its operating ability at high temperatures and moderate cost. Further, permanent magnet motors, which are used in varied applications with application specific power range, is elaborated. Factory Automation, Consumer, Office automation, commercial, medical, lab equipment and military are some applications where application specific varied range of permanent magnet motors are used. Additionally, the global market is closely examined across North America, Europe, Asia Pacific and LAMEA.
KEY BENEFITS
KEY MARKET SEGMENTS
MARKET BY MOTOR TYPE
MARKET BY MAGNET TYPE
MARKET BY POWER RANGE
MARKET BY APPLICATIONS
MARKET BY GEOGRAPHY
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market beyond: what to expect by 2025
2.2.1 Base case scenario
2.2.2 Rapid growth scenario
2.2.3 Critical growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Single phase motors
3.3 Key findings
3.3.1 Top factors impacting market
3.3.2 Top investment pockets
3.3.3 Top winning strategies
3.4 Porters five force analysis
3.4.1 Low concentration of Buyers and differentiated products lowers the Bargaining Power of Buyer
3.4.2 Less price sensitive buyers, maximizes the Bargaining power of supplier
3.4.3 Unavailability of substitute for permanent magnet motors in the market lead to no threat of substitute
3.4.4 Fragmented buyers and brand loyalty balances the competitive rivalry in the industry
3.4.5 High Initial Investment lowers the threat of new entrant in the industry
3.5 Value chain analysis
3.6 Market share analysis, 2013
3.7 Case studies
3.8 Market dynamics
3.8.1 Drivers
3.8.1.1 Permanent magnet increases the efficiency of motor
3.8.1.2 Low cost permanent magnet reduces the cost of motor
3.8.1.3 Permanent magnet motor help in minimizing the power consumption
3.8.1.4 Rising demand of electric motor in industrial and agricultural sector
3.8.1.5 Widespread awareness of green vehicles amongst customers
3.8.2 Restraints
3.8.2.1 High price of Rare earth magnets
3.8.2.2 Magnets production only in some countries
3.8.3 Opportunities
3.8.3.1 Oil and gas industries
3.8.3.2 Inventions of the rare earth magnets
CHAPTER 4 GLOBAL PERMANENT MAGNET MOTOR MARKET BY MOTOR TYPE
4.1 Alternating current (AC) motor
4.1.1 Key market trends
4.1.2 Competitive scenario
4.1.3 Key growth factors and opportunities
4.1.4 Market size and forecast
4.1.5 U.S.
4.1.6 CANADA
4.1.7 Mexico
4.1.8 Rest of North America
4.1.9 Synchronous AC Motor
4.2 Direct current (DC)Motor
4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast
4.2.5 U.S.
4.2.6 CANADA
4.2.7 Rest of North America
4.2.8 Brushed DC Motor
4.2.9 Brushless DC Motor
4.3 Hermetic motors
4.3.1 Competitive scenario
4.3.2 Key growth factors and opportunities
4.3.3 Market size and Forecast
4.3.4 US
4.3.5 Canada
4.3.6 Rest of North America
CHAPTER 5 GLOBAL PERMANENT MAGNET MOTOR MARKET BY MAGNET TYPE
5.1 Neodymium (NdFeB)
5.1.1 Key market trends
5.1.2 Competitive scenario
5.1.3 Key growth Factors and opportunities
5.1.4 Market size and Forecast
5.1.5 Alternating current (AC) motor
5.1.6 Direct current (DC) Motor
5.1.7 Hermetic Motors
5.2 Samarium cobalt (SmCo5 and Sm2Co17)
5.2.1 Key market trends
5.2.2 Competitive scenario
5.2.3 Key growth Factors and opportunities
5.2.4 Market size and forecast
5.2.5 Alternating current (AC) motor
5.2.6 Direct current (DC) Motor
5.2.7 Hermetic Motors
5.3 Ferrite
5.3.1 Key market trends
5.3.2 Competitive scenario
5.3.3 Key growth factors and opportunities
5.3.4 Market size and forecast
5.3.5 Alternating Current (AC) motor
5.3.6 Direct Current (DC) Motor
5.3.7 Hermetic Motors
CHAPTER 6 GLOBAL PERMANENT MAGNET MOTOR MARKET BY POWER RANGE
6.1 4.0 KW and Below
6.1.1 Market size and forecast
6.2 Between 4.0 and 22.0 kW 83
6.2.1 Market size and forecast
6.3 Between 22.0 and 75.0 kW
6.3.1 Market size and forecast
6.4 75.0 KW and Above
6.4.1 Market Size and Forecast
CHAPTER 7 GLOBAL PERMANENT MAGNET MOTOR MARKET BY APPLICATIONS
7.1 Factory automation
7.1.1 Market Size and Forecast
7.1.2 Machine tool
7.1.3 Motor vehicles
7.1.4 Robotics
7.1.5 Material handling
7.2 Consumer
7.2.1 Market Size and Forecast
7.3 Office automation
7.3.1 Market Size and Forecast
7.4 Commercial
7.4.1 Market size and forecast
7.5 Lab equipment
7.5.1 Market size and Forecast
7.6 Medical
7.6.1 Market size and forecast
7.7 Military /Aerospace:
7.7.1 Market Size and Forecast
CHAPTER 8 GLOBAL PERMANENT MAGNET MOTOR MARKET BY GEOGRAPHY
8.1 North America
8.1.1 Key Market Trends
8.1.2 Competitive scenario:
8.1.3 Key growth factors and opportunities:
8.1.4 Market size and forecast
8.2 Europe
8.2.1 Key market trends:
8.2.2 Competitive Scenario:
8.2.3 Key growth factors and opportunity:
8.2.4 Market size and forecast
8.3 Asia-Pacific
8.3.1 Key market trends
8.3.2 Competitive scenario:
8.3.3 Key growth factors and opportunities:
8.3.4 Market size and forecast
8.4 LAMEA
8.4.1 Key market trends
8.4.2 Competitive scenario
8.4.3 Key growth factors and opportunities:
8.4.4 Market size and forecast
CHAPTER 9 COMPANY PROFILES
9.1 Baldor Electric Company, Inc.
9.1.1 Company overview
9.1.2 Company Snapshot
9.1.3 Business performance
9.1.4 Strategic moves and development
9.1.5 SWOT analysis Baldor Electric
9.2 Siemens
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Business performance
9.2.4 SWOT analysis Siemens AG
9.3 Rockwell Automation, Inc
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Business performance
9.3.4 Strategic moves and development
9.3.5 SWOT analysis Rockwell automation
9.4 Franklin Electric Co., Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Business performance
9.4.4 Strategic moves and development
9.4.5 SWOT analysis
9.5 Johnson Electric Holdings Ltd.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Business performance
9.5.4 Strategic moves and development
9.5.5 SWOT analysis Johnson electric
9.6 Ametek Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Business performance
9.6.4 SWOT analysis of Ametek, Inc
9.6.5 Swot analysis of Ametek, Inc
9.7 Allied Motion Technologies, Inc:
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Business performance
9.7.4 SWOT analysis of ALLIED MOTION TECHNOLOGIES
9.8 Toshiba Corporation
9.8.1 Company overview
9.8.2 Company Snapshot
9.8.3 Business performance
9.8.4 Strategic Moves and Developments
9.8.4.1 Primary Strategy: Product launch
9.8.4.2 Secondary strategy: partnership
9.8.5 SWOT Analysis and Strategic Conclusion of Toshiba Corp.
9.9 Danaher Corporation
9.9.1 Company Overview
9.9.2 Company Snapshot
9.9.3 Business performance
9.9.4 Strategic moves and developments
9.9.4.1 Primary strategy: partnership
9.9.4.2 secondary strategy: product launch
9.9.5 SWOT Analysis and Strategic Conclusion of Danaher Corp.
9.10 Autotrol Corporation
9.10.1 Company Overview
9.10.2 Company snapshot
9.10.3 Strategic moves and developments
9.10.4 SWOT Analysis and Strategic Conclusion of Autotrol Corp.
LIST OF TABLES
TABLE 1 GLOBAL PERMANENT MAGNET MOTORS MARKET REVENUE BY GEOGRAPHY, 2013 – 2020($ MILLION)
TABLE 2 GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE MODERATE GROWTH SCENARIO, 2020 – 2025 ($MILLION)
TABLE 3 GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE RAPID GROWTH SCENARIO, 2020 – 2025 ($MILLION)
TABLE 4 GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE CRITICAL GROWTH SCENARIO, 2020 – 2025 ($MILLION)
TABLE 5 FY 2011 ECO-FRIENDLY VEHICLE DOMESTIC SHIPMENTS (IN UNITS) & COMPARISON AND CHANGE (%) WITH 2010
TABLE 6 GLOBAL PERMANENT MAGENT MOTOR MARKET REVENUE BY MOTOR TYPE, 2013–2020 ($MILLION)
TABLE 7 GLOBAL ALTERNATING CURRENT TYPE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 8 GLOBAL DIRECT CURRENT TYPE PERMANENT MAGNET MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 9 GLOBAL HERMETIC TYPE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 10 GLOBAL PERMANENT MAGENT MOTOR MARKET REVENUE BY MAGENT TYPE, 2013–2020 ($MILLION)
TABLE 11 NEODYMIUM MAGNET APPLICATIONS IN MOTORS
TABLE 12 GLOBAL NEODYMIUM PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 13 PRICE RANGE OF 2:7 SAMARIUM-COBALT MATERIAL
TABLE 14 GLOBAL SAMARIUM COBALT PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 15 COMPARISON OF DIFFERENT MAGNET MATERIALS
TABLE 16 GLOBAL FERRITE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 17 GLOBAL PERMANENT MAGENT MOTOR MARKET REVENUE BY POWER RANGE, 2013–2020 ($MILLION)
TABLE 18 GLOBAL PERMANENT MAGENT MOTOR MARKET BY POWER RANGE (KW), 2013–2020 (MILLION UNITS)
TABLE 19 GLOBAL 4.0 KW AND BELOW POWER RANGE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 20 GLOBAL BETWEEN 4.0 KW - 22.0KW POWER RANGE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 21 GLOBAL BETWEEN 22.0 KW - 75.0KW POWER RANGE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 22 GLOBAL 75.0 KW AND ABOVE POWER RANGE PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 23 GLOBAL PERMANENT MAGENT MOTOR MARKET REVENUE BY APPLICATION, 2013–2020 ($MILLION)
TABLE 24 GLOBAL FACTORY AUTOMATION APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 25 GLOBAL CONSUMER APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 26 GLOBAL OFFICE AUTOMATION APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 27 GLOBAL COMMERCIAL APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 28 GLOBAL LAB EQUIPMENT APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 29 GLOBAL LAB EQUIPMENT APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 30 GLOBAL MILITARY/AEROSPACE APPLICATION PERMANENT MAGENT MOTOR MARKET REVENUE BY GEOGRAPHY, 2013–2020 ($MILLION)
TABLE 31 NORTH AMERICAN PERMANENT MAGENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2013–2020 ($MILLION)
TABLE 32 EUROPEAN PERMANENT MAGENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2013–2020 ($MILLION)
TABLE 33 ASIA PACIFIC PERMANENT MAGENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2013–2020 ($MILLION)
TABLE 34 LAMEA PERMANENT MAGENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2013–2020 ($MILLION)
TABLE 35 BALDOR ELECTRIC SNAPSHOT
TABLE 36 SIEMENS AG SNAPSHOT
TABLE 37 COMPANY SNAPSHOT OF ROCKWELL AUTOMATION
TABLE 38 FRANKLIN ELECTRIC CO. SNAPSHOT
TABLE 39 JOHNSON ELECTRIC HOLDING LTD. SNAPSHOT
TABLE 40 AMETEK, INC, COMPANY SNAPSHOT
TABLE 41 ALLIED MOTION TECHNOLOGIES SNAP SHOT
TABLE 42 TOSHIBA CORP. SNAPSHOT
TABLE 43 DANAHER CORP. SNAPSHOT
TABLE 44 AUTOTROL CORPORATION SNAPSHOT
LIST OF FIGURES
FIG. 1 TOP IMPACTING FACTORS, BASE CASE SCENARIO (2020-2025)
FIG. 2 TOP IMPACTING FACTORS,RAPID CASE SCENARIO (2020-2025)
FIG. 3 TOP IMPACTING FACTORS, CRITICALCASE SCENARIO (2020-2025)
FIG. 4 TOP IMPACTING FACTORS
FIG. 5 TOP INVESTMENT POCKETS
FIG. 6 TOP WINNING STRATEGIES
FIG. 7 TOP WINNING STRATEGIES
FIG. 8 PORTERS FIVE FORCE ANALYSIS
FIG. 9 VALUE CHAIN ANALYSIS
FIG. 10 MARKET SHARE ANALYSIS
FIG. 11 COMPARISON OF EFFICIENCIES OF IPM AND INDUCTION MOTORS
FIG. 12 COMPARISON BETWEEN AGING TIME OF COBALT FREE AND TRADITIONAL ALLOY
FIG. 13 ELECTRICITY CONSUMPTION BY INDUSTRIES IN U.S (2013)
FIG. 14 RARE EARTH MAGNET BY APPLICATION, 2012
FIG. 15 COMAPRISION OF THE OPERATING TEMPERATURE OF SAMARIUM-COBALT MAGNETS
FIG. 16 BALDOR ELECTRIC COMPANY REVENUE INC ($MILLION)
FIG. 17 SWOT ANALYSIS BALDOR ELECTRIC
FIG. 18 SIEMENS COMPANY REVENUE INC ($MILLION)
FIG. 19 SWOT ANALYSIS SIEMENS AG
FIG. 20 ROCKWELL AUTOMATION COMPANY REVENUE INC ($MILLION)
FIG. 21 SWOT ANALYSIS ROCKWELL AUTOMATION
FIG. 22 FRANKLIN ELECTRIC COMPANY REVENUE INC ($MILLION)
FIG. 23 SWOT ANALYSIS FRANKLIN ELECTRIC CO LTD.
FIG. 24 JOHNSON ELECTRIC HOLDINGS LTD. COMPANY REVENUE INC ($MILLION)
FIG. 25 SWOT ANALYSIS JOHNSON ELECTRIC
FIG. 26 AMETEK’S REVENUE 2011-2013 ($ MILLION)
FIG. 27 ALLIED MOTION TECHNOLOGIES REVENUE INC ($MILLION)
FIG. 28 SWOT ANALYSIS OF ALLIED MOTION TECHNOLOGIES
FIG. 29 KEY FINANCIALS OF TOSHIBA CORP. BY NET SALES, 2013-2011, $ MILLION
FIG. 30 KEY FINANCIALS OF TOSHIBA CORP. NET SALES BY PRODUCTS AND SERVICES, 2013, $ MILLION
FIG. 31 KEY FINANCIALS OF TOSHIBA CORP. SALES BY GEOGRAPHY, 2014, $ MILLION
FIG. 32 SWOT ANALYSIS OF TOSHIBA CORP.
FIG. 33 KEY FINANCIALS OF DANAHER CORP. BY SALES, 2013-2011, $ MILLION 138
FIG. 34 KEY FINANCIALS OF DANAHER CORP. SALES BY PRODUCTS AND SERVICES, 2013, $ MILLION
FIG. 35 KEY FINANCIALS OF DANAHER CORP. SALES BY GEOGRAPHY, 2013, $ MILLION
FIG. 36 SWOT ANALYSIS OF DANAHER CORP.
FIG. 37 SWOT ANALYSIS OF AUTOTROL CORP.
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