Market Overview:
The global permanent magnet AC (PMAC) motor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for PMAC motors in various applications, such as petrochemical, textile industry, electronic, papermaking industry, packaging industry and others. Additionally, the growing awareness about energy efficiency and rising concerns about environmental pollution are also contributing to the growth of this market.
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Product Definition:
A Permanent Magnet AC (PMAC) Motor is a type of electric motor that uses permanent magnets to create rotational force. PMAC motors are often used in high-performance applications, such as robotics and CNC machines, because they offer high power density and can run at very high speeds.
Single-phase:
Single-phase is the simplest form of electric motor. It has only one electrical phase (H or L) and rotates in a single direction. The most common application of single-phase motors is in small appliances such as vacuum cleaners, coffee makers, toasters, etc.
Three-phase:
Three-phase motor is a type of electric motor that uses three wires for power transmission. The main advantage of using this type of motors is that they can be used to provide both high torque and high speed, depending on the application requirements. They are widely used in industrial applications such as material handling equipment, machine tools, printing machines and packaging machinery among others.
The market size for three-phase motors in Asia Pacific was valued at USD 1.34 billion in 2016.
Application Insights:
Petrochemical industry dominated the global permanent magnet AC (PMAC) motor market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for crude oil and petroleum products across various end-use industries globally. PMAC motors are used as prime movers for gas turbines, power generators, industrial drives and other applications in the petrochemical industry.
Textile industry is also anticipated to be one of the prominent end-users of these motors due to high demand for textile machines across developing countries such as China, India and Brazil on account of low cost land availability coupled with easy access to electricity supply has boosted textile production significantly over recent years which further boosts product demand globally.
Regional Analysis:
Asia Pacific dominated the global permanent magnet AC motor market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as papermaking, textile, packaging and electronic. China is one of the largest markets for these motors owing to its rapidly expanding industrial sector coupled with growing investments in infrastructure development.
North America accounted for a significant share of global revenue in 2016 owing to high product penetration from major application sectors such as papermaking, textile industry and electronics manufacturing. The U.S., which was at the forefront of North America PMAC motor market has witnessed a considerable decline due to stringent environmental regulations by EPA that has hampered economic growth since 2010s resulting into sluggish demand across all applications except few where efficiency gains are paramount like mining & drilling equipment etc.).
Growth Factors:
- Increasing demand for energy-efficient electric motors
- Rising popularity of PMAC motors in various industrial applications
- Growing demand for servo drives and motion controllers
- Technological advancements in PMAC motor design and manufacturing processes
- Rising awareness about the benefits of using PMAC motors over traditional AC induction motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet AC (PMAC) Motor Market Research Report
By Type
Single-phase, Three-phase
By Application
Petrochemical, Textile Industry, Electronic, Papermaking Industry, Packaging Industry, Others
By Companies
Nidec Motor Corporation, Kollmorgen Corp, Marathon Electric, Bonfiglioli, Nidec Motor Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet AC (PMAC) Motor Market Report Segments:
The global Permanent Magnet AC (PMAC) Motor market is segmented on the basis of:
Types
Single-phase, Three-phase
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical, Textile Industry, Electronic, Papermaking Industry, Packaging Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nidec Motor Corporation
- Kollmorgen Corp
- Marathon Electric
- Bonfiglioli
- Nidec Motor Corporation
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Highlights of The Permanent Magnet AC (PMAC) Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-phase
- Three-phase
- By Application:
- Petrochemical
- Textile Industry
- Electronic
- Papermaking Industry
- Packaging Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Permanent Magnet AC (PMAC) Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Motor Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Permanent Magnet AC (PMAC) motor is a type of electric motor that uses permanent magnets to create rotational motion. These motors are often used in applications where high torque and low speed are required, such as in industrial machinery or in vehicles.
Some of the major companies in the permanent magnet ac (pmac) motor market are Nidec Motor Corporation, Kollmorgen Corp, Marathon Electric, Bonfiglioli, Nidec Motor Corporation.
The permanent magnet ac (pmac) motor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Permanent Magnet AC (PMAC) Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Permanent Magnet AC (PMAC) Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Permanent Magnet AC (PMAC) Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Permanent Magnet AC (PMAC) Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Permanent Magnet AC (PMAC) Motor Market Size & Forecast, 2018-2028
4.5.1 Permanent Magnet AC (PMAC) Motor Market Size and Y-o-Y Growth
4.5.2 Permanent Magnet AC (PMAC) Motor Market Absolute $ Opportunity
Chapter 5 Global Permanent Magnet AC (PMAC) Motor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
5.2.1 Single-phase
5.2.2 Three-phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Permanent Magnet AC (PMAC) Motor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
6.2.1 Petrochemical
6.2.2 Textile Industry
6.2.3 Electronic
6.2.4 Papermaking Industry
6.2.5 Packaging Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Permanent Magnet AC (PMAC) Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Permanent Magnet AC (PMAC) Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Permanent Magnet AC (PMAC) Motor Analysis and Forecast
9.1 Introduction
9.2 North America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
9.6.1 Single-phase
9.6.2 Three-phase
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
9.10.1 Petrochemical
9.10.2 Textile Industry
9.10.3 Electronic
9.10.4 Papermaking Industry
9.10.5 Packaging Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Permanent Magnet AC (PMAC) Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Permanent Magnet AC (PMAC) Motor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
10.6.1 Single-phase
10.6.2 Three-phase
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
10.10.1 Petrochemical
10.10.2 Textile Industry
10.10.3 Electronic
10.10.4 Papermaking Industry
10.10.5 Packaging Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Permanent Magnet AC (PMAC) Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Permanent Magnet AC (PMAC) Motor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
11.6.1 Single-phase
11.6.2 Three-phase
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
11.10.1 Petrochemical
11.10.2 Textile Industry
11.10.3 Electronic
11.10.4 Papermaking Industry
11.10.5 Packaging Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Permanent Magnet AC (PMAC) Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
12.6.1 Single-phase
12.6.2 Three-phase
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
12.10.1 Petrochemical
12.10.2 Textile Industry
12.10.3 Electronic
12.10.4 Papermaking Industry
12.10.5 Packaging Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Permanent Magnet AC (PMAC) Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Permanent Magnet AC (PMAC) Motor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Permanent Magnet AC (PMAC) Motor Market Size Forecast by Type
13.6.1 Single-phase
13.6.2 Three-phase
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Permanent Magnet AC (PMAC) Motor Market Size Forecast by Applications
13.10.1 Petrochemical
13.10.2 Textile Industry
13.10.3 Electronic
13.10.4 Papermaking Industry
13.10.5 Packaging Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Permanent Magnet AC (PMAC) Motor Market: Competitive Dashboard
14.2 Global Permanent Magnet AC (PMAC) Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nidec Motor Corporation
14.3.2 Kollmorgen Corp
14.3.3 Marathon Electric
14.3.4 Bonfiglioli
14.3.5 Nidec Motor Corporation
