Market Overview:
The global permanent magnet generators 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 renewable energy sources, such as wind and hydro power, across the globe. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The permanent magnet AC generator segment is expected to dominate the global permanent magnet generators market during the forecast period from 2018 to 2030. This segment is expected to grow at a CAGR of 7% during this period. The high growth in this segment can be attributed to its growing use in wind turbine systems across the globe.
Product Definition:
A permanent magnet generator is a device that uses permanent magnets to create electric current. These generators are important because they can produce electricity without the need for an external fuel source. This makes them ideal for use in remote areas or in applications where a reliable power supply is essential.
Permanent Magnet AC Generator:
Permanent magnet AC generator is a device that converts the electrical energy generated from permanent magnets into variable frequency current. It's major applications are in power backup, portable generators and wind turbines. The product has gained significant importance owing to growing demand for green electricity; as it helps reduce carbon emissions significantly when compared with conventional sources such as coal or gas-fired plants.
Permanent Magnet DC Generator:
Permanent magnet DC generator is a device used to convert the AC power into the pulsating DC power. The generated power is utilized in various applications including electric vehicles, electric & hybrid cars, wind turbines and solar panels.
The permanent magnet DC generator uses electromagnets to generate electricity from any source of AC input such as a utility grid or renewable energy source like solar PV or wind turbine.
Application Insights:
Based on the application, the market is segmented into wind turbine systems, hydro turbines systems and others. The wind turbine system segment dominated the global permanent magnet generators market in 2017 owing to increasing demand for clean energy sources such as solar and wind. Growing concerns over pollution levels have resulted in increased focus on renewable energy generation, which will further boost product demand over the forecast period.
The hydro turbine system application segment is expected to witness significant growth during the forecast period owing to rising use of these devices in small-scale hydropower projects across emerging economies including China and India. These devices are considered ideal for mini hydropower projects as they do not require large land areas or water resources; only a small amount of water is needed for its operation which makes them highly suitable for mini-hydro power generation applications around 100 kVA & below across various regions globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In 2016, Asia Pacific generated around 30% of global power using magnetically driven generators. Increasing use of these devices in countries like Japan and South Korea is also likely to drive the APAC market over the next eight years.
The European permanent magnet generator market was valued at USD X million in 2017 owing to growing adoption by wind turbine manufacturers across countries including Germany, Denmark, Sweden and Ireland among others.
In North America permanent magnet generator demand was estimated at USD X million on account of high installed capacity for hydroelectricity generation systems used by U S states like California.
Growth Factors:
- Increasing demand for renewable energy sources: The global increase in the demand for renewable energy sources is one of the most important growth drivers for the permanent magnet generators market. This is because PMGs are used in various applications such as wind turbines and solar photovoltaic systems to generate electricity from renewable resources.
- Technological advancements: The technological advancements in PMG technology are another key factor driving the growth of this market. With continuous research and development, new and more efficient PMG technologies are being developed, which is resulting in an increase in their adoption across various industries.
- Rising concerns over climate change: There has been a growing concern over climate change in recent years, which has led to an increased focus on using clean and renewable energy sources to reduce greenhouse gas emissions. This is benefiting the permanent magnet generators market as they help reduce emissions from power generation plants by using clean and sustainable resources like wind or solar power instead of traditional fuels like coal or natural gas.
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Generators Market Research Report
By Type
Permanent Magnet AC Generator, Permanent Magnet DC Generator
By Application
Wind Turbine Systems, Hydro Turbine Systems, Others
By Companies
ABB, Siemens, GE, EnerSet, Windstream Power, Alxion, Zodiac Aerospace, Ramme Electric Machines, Nuova Saccardo Motori (NSM), The Switch, PMG Technologies, Baotou Tianlong Permanent Magnet Generator Manufacturing
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Generators Market Report Segments:
The global Permanent Magnet Generators market is segmented on the basis of:
Types
Permanent Magnet AC Generator, Permanent Magnet DC Generator
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
Wind Turbine Systems, Hydro Turbine Systems, 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:
- ABB
- Siemens
- GE
- EnerSet
- Windstream Power
- Alxion
- Zodiac Aerospace
- Ramme Electric Machines
- Nuova Saccardo Motori (NSM)
- The Switch
- PMG Technologies
- Baotou Tianlong Permanent Magnet Generator Manufacturing
Highlights of The Permanent Magnet Generators 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:
- Permanent Magnet AC Generator
- Permanent Magnet DC Generator
- By Application:
- Wind Turbine Systems
- Hydro Turbine Systems
- 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 Generators 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
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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?
Permanent Magnet Generators are machines that use a permanent magnet to create electricity. The magnets inside the machine create a rotating magnetic field, which in turn creates an electric current.
Some of the major companies in the permanent magnet generators market are ABB, Siemens, GE, EnerSet, Windstream Power, Alxion, Zodiac Aerospace, Ramme Electric Machines, Nuova Saccardo Motori (NSM), The Switch, PMG Technologies, Baotou Tianlong Permanent Magnet Generator Manufacturing.
The permanent magnet generators market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Permanent Magnet Generators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Permanent Magnet Generators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Permanent Magnet Generators Market - Supply Chain
4.5. Global Permanent Magnet Generators Market Forecast
4.5.1. Permanent Magnet Generators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Permanent Magnet Generators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Permanent Magnet Generators Market Absolute $ Opportunity
5. Global Permanent Magnet Generators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Permanent Magnet Generators Market Size and Volume Forecast by Type
5.3.1. Permanent Magnet AC Generator
5.3.2. Permanent Magnet DC Generator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Permanent Magnet Generators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Permanent Magnet Generators Market Size and Volume Forecast by Application
6.3.1. Wind Turbine Systems
6.3.2. Hydro Turbine Systems
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Permanent Magnet Generators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Permanent Magnet Generators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Permanent Magnet Generators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Permanent Magnet Generators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Permanent Magnet Generators Demand Share Forecast, 2019-2026
9. North America Permanent Magnet Generators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Permanent Magnet Generators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Permanent Magnet Generators Market Size and Volume Forecast by Application
9.4.1. Wind Turbine Systems
9.4.2. Hydro Turbine Systems
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Permanent Magnet Generators Market Size and Volume Forecast by Type
9.7.1. Permanent Magnet AC Generator
9.7.2. Permanent Magnet DC Generator
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Permanent Magnet Generators Demand Share Forecast, 2019-2026
10. Latin America Permanent Magnet Generators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Permanent Magnet Generators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Permanent Magnet Generators Market Size and Volume Forecast by Application
10.4.1. Wind Turbine Systems
10.4.2. Hydro Turbine Systems
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Permanent Magnet Generators Market Size and Volume Forecast by Type
10.7.1. Permanent Magnet AC Generator
10.7.2. Permanent Magnet DC Generator
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Permanent Magnet Generators Demand Share Forecast, 2019-2026
11. Europe Permanent Magnet Generators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Permanent Magnet Generators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Permanent Magnet Generators Market Size and Volume Forecast by Application
11.4.1. Wind Turbine Systems
11.4.2. Hydro Turbine Systems
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Permanent Magnet Generators Market Size and Volume Forecast by Type
11.7.1. Permanent Magnet AC Generator
11.7.2. Permanent Magnet DC Generator
11.8. Basis Point Share (BS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Permanent Magnet Generators Demand Share, 2019-2026
12. Asia Pacific Permanent Magnet Generators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Permanent Magnet Generators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Permanent Magnet Generators Market Size and Volume Forecast by Application
12.4.1. Wind Turbine Systems
12.4.2. Hydro Turbine Systems
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Permanent Magnet Generators Market Size and Volume Forecast by Type
12.7.1. Permanent Magnet AC Generator
12.7.2. Permanent Magnet DC Generator
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Permanent Magnet Generators Demand Share, 2019-2026
13. Middle East & Africa Permanent Magnet Generators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Permanent Magnet Generators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Permanent Magnet Generators Market Size and Volume Forecast by Application
13.4.1. Wind Turbine Systems
13.4.2. Hydro Turbine Systems
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Permanent Magnet Generators Market Size and Volume Forecast by Type
13.7.1. Permanent Magnet AC Generator
13.7.2. Permanent Magnet DC Generator
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Permanent Magnet Generators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Permanent Magnet Generators Market: Market Share Analysis
14.2. Permanent Magnet Generators Distributors and Customers
14.3. Permanent Magnet Generators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EnerSet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Windstream Power
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alxion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zodiac Aerospace
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ramme Electric Machines
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nuova Saccardo Motori (NSM)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. The Switch
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PMG Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baotou Tianlong Permanent Magnet Generator Manufacturing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
