#induction motor Market Revenue

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Induction Motor Market - Forecast(2022 - 2027)

Induction Motor Market Size is forecast to reach $54.2 billion by 2026, at a CAGR of 6.5% during 2021-2026. An induction motor is an AC electric motor in which torque is produced by the reaction between a varying magnetic field generated in the stator and the current induced in the coils of the rotor. It is used in a majority of machinery, as it is more powerful and eco-friendly compared to the conventional motors in the market. North America has significant share in global induction motor market due to a developed usage of an induction motor in the significant industrial manufacturing, aerospace & defense, and automotive companies. In addition to the growing preference for electric vehicles in the U.S. is also stimulating the growth in North America.

Report Coverage

The report: “Induction Motor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Induction Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Voltage: Upto 1KV, 1-6.6 KV, Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market in APAC.

The inner rotor segment is growing at a significant CAGR rate of 7.1% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding. 

Automotive sector is expected to witness a highest CAGR of 8.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on. 

Induction Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Induction Motor Market Segment Analysis - By Rotor Type

Three Phase segment is growing at a significant CAGR of 11.1%

 in the forecast period. A three phase induction motor is a type of AC induction motors which operates on three phase supply. These three phase induction motors are widely used AC motor to produce mechanical power in industrial applications. Almost 70% of the machinery in industrial applications uses three-phase induction motors, as they are cost-effective, robust, maintenance-free, and can operate in any environmental condition. Moreover, induction motors are the most used in industry since they are rugged, inexpensive, and are maintenance free. In addition they are widely used in the mining metals and cement, automotive, oil and gas, healthcare, manufacturing industries and so on. Increase awareness of environmental protection across industries also contributes to the growth of three phase induction motors, as they have a low emission rate. Moreover, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the three phase induction motor in industrial application. Furthermore, the advent of Industry 4.0 and technological advancements enables a wide adoption base for the three phase induction motors. In 2019, Oriental Motor USA introduced their latest high efficiency three-phase AC induction motors equipped with a terminal box and a high strength right-angle hypoid gearhead, these new three-phase motors have the capacity of two new wattages of 30W and 40W and expands the KIIS Series Standard AC motors product line-up. 

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Induction Motor Market Segment Analysis - By Vertical 

Automotive sector is expected to witness a highest CAGR of 8.9% in the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application. Furthermore, the advent of Industry 4.0 enables a wide adoption base for the induction motors. Moreover, growing number of product launches by major manufacturers will drive the market growth in the forecast period. In September 2019, Motor and drive manufacturer WEG released the M Mining series of slip-ring induction motors which are designed especially for use in the dusty environments of iron ore operations and the cement sector. In July 2019, Ward Leonard launched 2000 HP induction motor WL29BC200 which is designed tote into a package of 15000 HP for the oil and gas industry. In September 2019, Tata Motors launched Tigor EV for private buyers as well as cab aggregators and EESL staff. he Tata Tigor electric uses a 72 V, 3-Phase Induction motor

Induction Motor Market Segment Analysis - By Geography 

Induction Motor market in Asia-Pacific region held significant market share of 38.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market. In addition advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Induction Motor Market Drivers 

Robust Structure of Motor

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motor market. Induction motor are robust in nature and can be operated in any climatic conditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motor is cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the forecast period 2021-2026.

Rise in Production of Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. As induction motors especially three phase are widely used in electric vehicles because of high efficiency, good speed regulation and absence of commutators is analysed to drive the market growth. In addition these motor also serves as an alternative of a permanent magnet in the electric vehicles. Hence rise in production of electric vehicles is analysed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the induction motors.  In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the electric and hybrid vehicles. In 2020, General Motors had committed boost its electric vehicle production by investing more than $7 billion. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. Hence these investments and developments are analysed to be the key drivers for the growth of the electric vehicle market and thereby the growth of induction motor market during the forecast period 2021-2026.

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Induction Motor Market Challenges

Easy availability of low-quality Induction Motors

The market for Induction Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Induction Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Induction Motors. This acts as a key challenge for the growth of the market.

Induction Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Induction Motor market. Induction Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

In 2021 BorgWarner launched HVH 320 Induction Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.

In 2020, ABB has launched new range of low voltage IEC induction motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

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Ignition Coil Market Technological Trends and Future Threats Analysis by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Ignition Coil Market Size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Ignition Coil Market?

The global ignition coil market size was US$ 2.7 Billion in 2022. Furthermore, the market is expected to register a revenue CAGR of 4.8% during the forecast period and reach a market size of US$ 4.1Bn in 2031.

What are Ignition Coil?

An ignition coil plays a vital role in the ignition system of an internal combustion engine, converting the low voltage from the battery into the high voltage necessary to produce a spark in the spark plugs. This spark initiates the combustion process by igniting the fuel-air mixture in the engine's cylinders, powering the vehicle. Operating on electromagnetic induction principles, the ignition coil comprises a primary coil winding that receives the low voltage and a secondary coil winding that generates the high voltage.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2049

What are the growth prospects and trends in the Ignition Coil industry?

The ignition coil market growth is driven by various factors and trends. The ignition coil market is on a stable growth trajectory globally, propelled by the growing automotive industry worldwide. These coils are indispensable for ensuring efficient engine ignition in gasoline-powered vehicles. Technological advancements, including the introduction of sophisticated ignition systems that enhance fuel efficiency and lower emissions, are further fueling market growth. Moreover, the increasing popularity of electric vehicles is opening up new avenues for ignition coil manufacturers, as these vehicles still rely on ignition systems for specific functions. With the automotive sector evolving towards more efficient and environmentally friendly vehicles, the ignition coil market is poised for continued expansion. Hence, all these factors contribute to ignition coil market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Conventional Ignition Coils

Distributor Ignition Coils

Coil-on-Plug Ignition Coils

Smart Ignition Coils

Vehicle Type:

Passenger Cars

Light Commercial Vehicles (LCVs)

Heavy Commercial Vehicles (HCVs)

Electric Vehicles (EVs)

Technology:

Conventional Ignition Systems

Capacitive Discharge Ignition (CDI) Systems

Electronic Ignition Systems

Distributorless Ignition Systems (DIS)

Sales Channel:

Original Equipment Manufacturers (OEMs)

Aftermarket

Application:

Gasoline Engines

Diesel Engines

Compressed Natural Gas (CNG) Engines

Others

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Bosch

Denso Corporation

Delphi Technologies (now part of BorgWarner)

NGK Spark Plug Co., Ltd.

Valeo

Standard Motor Products, Inc.

Hitachi Automotive Systems

Federal-Mogul (now part of Tenneco)

Mitsubishi Electric Corporation

ACDelco (a division of General Motors)

Bremi Fahrzeug-Elektrik GmbH & Co. KG

Hella GmbH & Co. KGaA

Continental AG

SMP Deutschland GmbH (formerly BERU)

Mitsubishi Electric Automotive America, Inc.

View Full Report: https://www.reportsandinsights.com/report/Ignition Coil-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[creativeera]

Soft Starters Market Are Driving Growth in Power Efficiency Trends

The soft starter market offers effective solutions for motor starting across industries by facilitating smooth acceleration and reducing voltage spikes. Soft starters are employed to start induction motors in a gradual, controlled manner without high start-up currents occurring. They prevent mechanical and electrical stresses on equipment, reduce power consumption, and enhance motor lifespan. The devices simplify motor operation, offer low maintenance requirements and high reliability. The global soft starter market size was valued at US$ 2,386.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.23% from 2023 to 2030. 

Key Takeaways Key players Key players operating in the soft starter market are Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group. Each of these players has strengthened its position in the market through product launches and expansions. Growing demand Growing industrialization and infrastructure development has increased Soft Starter Market demand for industrial equipment and commercial buildings which require heavy duty applications like compressors, pumps, fans and conveyors that utilize AC induction motors. Growing electricity cost concerns have also fueled adoption of soft starters for enhanced energy efficiency. Global expansion Key soft starter manufacturers are focusing on expanding their geographic footprint through partnerships and joint ventures in developing regions including Asia Pacific, Middle East and Latin America. Rapid industrialization and initiatives towards smart infrastructure and green buildings in these regions will drive future demand. Market key trends The Soft Starter Market Size and Trends rising popularity of variable frequency drives (VFDs) and their declining costs are prompting end-users to replace traditional starters with VFDs. VFDs provide enhanced control functionality, energy savings and control speed in addition to starting and stopping electric motors, replacing conventional soft starters. However, soft starters still remain competitive for small to medium capacity motors and are preferred for simplicity and lower cost.

Porter's Analysis Threat of new entrants: Low start-up costs and weak intellectual property rights in some countries pose a moderate threat of new entrants in the soft starter market. Bargaining power of buyers: Large industrial buyers have significant bargaining power due to the significant volume of their purchases. However, the availability of substitutes provides a balance in buyers power. Bargaining power of suppliers: The high dependence of original equipment manufacturers (OEMs) on a few component suppliers results in moderate bargaining power of suppliers in the soft starter market. Threat of new substitutes: Technological advancements have increased the demand for variable speed drives and frequency converters, posing a moderate threat of substitution to soft starters. Competitive rivalry: The presence of numerous global and regional players results in high competitive rivalry in the soft starter market. Key differentiation factors include product innovation, reliability, and customer support. Geographical Regions North America accounted for the largest share of the soft starter market in 2024, with the United States being the major revenue generator. Growth in end-use industries such as oil & gas, mining, food & beverage, and others is fueling market demand. The Asia Pacific region is projected to register the fastest CAGR through 2031. Rapid industrialization and urbanization in China, Japan, and India are key growth drivers. Increasing focus on energy efficiency and growing adoption of VFDs and soft starters are supporting regional market expansion. Europe is a major soft starter market, with Germany, France, and the UK generating sizeable revenues. Strict emission norms and the need to optimize process performance are stimulating adoption. The soft starter market is diversifying with new technologies and customized offerings for renewable energy applications as well.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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Global Top 5 Companies Accounted for 82% of total Electric Toothbrush market (QYResearch, 2021)

This report studies the Electric Toothbrush market, An electric toothbrush is a toothbrush that makes rapid, automatic bristle motions, either back-and-forth oscillation or rotation-oscillation (where the brush head alternates clockwise and counterclockwise rotation), in order to clean teeth. Motions at sonic speeds or below are made by a motor. In the case of ultrasonic toothbrushes, ultrasonic motions are produced by a piezoelectric crystal. A modern electric toothbrush is usually powered by a rechargeable battery charged through inductive charging when the brush sits in the charging base between uses.

Based on our recent survey, we have several different scenarios about the Electric Toothbrush YoY growth rate for 2020. The probable scenario is expected to decline by a -4.8% in 2020 and the revenue will be 1550 in 2020 from US$ 1628 million in 2019. The market size of Electric Toothbrush will reach US$ 2181 in 2026, with a CAGR of 5.7% from 2021 to 2026.

The data for 2020 is an estimate, based on the historical data and recent survey of the integrated view of industrial experts, manufacturers, distributors and end users, etc.

Top-down and bottom-up approaches are used to validate the global Electric Toothbrush market size and to estimate the market size for company, regional division, product type and application (end users). In the complete market engineering process, both top-down and bottom-up approaches along with several data triangulation methods have been extensively utilized to perform market estimation and market forecast for the overall market division and subdivision listed in this report. Extensive qualitative and further quantitative analysis has also been done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

According to the new market research report “Global Electric Toothbrush Market Report 2023-2029”, published by QYResearch, the global Electric Toothbrush market size is projected to reach USD 2.57 billion by 2029, at a CAGR of 5.8% during the forecast period.

Figure.   Global Electric Toothbrush Market Size (US$ Million), 2018-2029

Figure.   Global Electric Toothbrush Top 5 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Electric Toothbrush include P&G (Oral-B and Crest), Philips Sonicare, Panasonic, Church & Dwight, Colgate, Xiaomi, Wellness Oral Care, usmile, Saky, Lion, etc. In 2021, the global top five players had a share approximately 82.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

For more information, please contact the following e-mail address:

Email: global@qyresearch.com

Website: https://www.qyresearch.com

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Excitation Systems Market to Witness Huge Growth by 2030

The excitation systems market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as the rise in demand for synchronous machines from various end-use industries. In addition, a rise in investment towards power infrastructure projects fuels the growth of the excitation systems market. However, the complicated design and disadvantages of the systems are restraining the growth of the excitation systems market globally. Conversely, the rapid growth of the renewable energy industry is anticipated to provide potential excitation systems market opportunities in the upcoming years.

The excitation systems market size was valued at $2.1 billion in 2020 and is projected to reach $3.4 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/11159

The system that provides DC field current to the synchronous machine for starting its operation is known as the excitation system. Excitation systems generally consist of elements such as signal sensing or processing circuits, electronic amplifiers, power rectifiers, voltage regulators, close-loop control circuits, and others. Modern excitation systems also consist of SCADA integration, diagnostics functions, protection functions, and others to improve the stability of synchronous machines and thereby power system networks. Excitation systems are used in synchronous machines such as synchronous generators and synchronous motors.

Significant development of the end-use industries such as oil & gas, power, mining, chemicals, pulp & paper, and others is fueling the demand for synchronous machines which in turn is expected to fuel the growth of the excitation systems market. This is due to the rise in demand for reactive power to compensate lagging power factor created by inductive loads in the abovementioned industries. In addition, an increase in demand for excitation systems in synchronous machines for grid stabilization applications from electric utilities such as power generation plants, transmission, distribution, and other utilities in developing economies is driving the growth of the market, globally. However, the key factor hampering the growth of the global market is the design of complicated excitation systems which has resulted in difficulties in maintenance activities.

Depending on the type, the static segment held the highest market share of about 68.3% in 2020 and is expected to maintain its dominance during the excitation systems market forecast period. This is owing to various advantages of static excitation systems such as good reliability, operation flexibility, excellent system response, small size, lower losses, and high performance which resulted in fueling the demand during the analyzed time frame. Moreover, the rise in demand for electricity from developing economies resulted in an increase in investment toward the power generation, transmission, and distribution infrastructure which in turn is expected to fuel the growth of the excitation systems market from 2021 to 2030.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/11159

On the basis of controller type, the digital segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the rise in demand for excitation systems to provide reliable and stable operation of synchronous machines such as synchronous generators and synchronous motors. In addition, the rise in research &development activities toward improving digital controllers for their use in excitation systems is anticipated to fuel the growth of the market during the analyzed timeframe.

On the basis of application, the synchronous generator segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the rise in demand for synchronous generators from various power plants including nuclear, thermal, wind &hydropower, and industrial applications. In addition, the rise in usage of synchronous generators from constant speed applications and power factor correction applications is anticipated to fuel the growth of the excitation systems market from 2021 to 2030.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Excitation Systems industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐄𝐱𝐜𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

VOITH GmbH & CO KGAA TENEL, S.R.O. WEG GROUP ABB LTD BASLER ELECTRIC COMPANY FUJI ELECTRIC CO., LTD. MITSUBISHI ELECTRIC CORPORATION GENERAL ELECTRIC SIEMENS AG ANDRITZ AG

On the basis of end users, the power generation segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 74.6%. This is owing to the rise in demand for electricity from developing and developed economies is expected to fuel the growth of the power generation sector resulting in increased demand for synchronous machines. In addition, a rise in energy demand along with cleaner generation of electricity is expected to fuel the growth of the renewable power generation segment, thereby driving the growth of the excitation systems market in the coming years.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2020 and is anticipated to maintain this dominance in the excitation systems market trend during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region.

In addition, the rapid expansion of the renewable energy sector, rise in investment toward the upgradation of aged power infrastructure, and rapid industrialization in the region are further anticipated to fuel the growth of the market in the upcoming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/11159

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

- In 2020, the static segment accounted for about 68.3% of the share in the global excitation systems market and is expected to maintain its dominance till the end of the forecast period. - In 2020, the digital segment accounted for 64.9% excitation systems market share in the year 2020 and is anticipated to grow at a rate of 5.0% in terms of revenue, increasing its share in the global excitation systems market. - Synchronous motor is the fastest-growing application segment in the global excitation systems market, expected to grow at a CAGR of 5.0% during 2021–2030. - Other industrial segment is expected to grow at the fastest rate, registering a CAGR of 5.6%, throughout the forecast period. - In 2020, the Asia-Pacific region dominated the global excitation systems market with more than 35.2% of the share, in terms of revenue.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐢𝐳𝐞𝐝 𝐒𝐨𝐥𝐚𝐫 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/containerized-solar-generators-market-to-reach-941-3-million-globally-by-2032-at-7-4-cagr-allied-market-research-301849678.html

𝟐. 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/en/news-release/2021/09/09/2294080/0/en/Residential-Generators-Market-to-Reach-15-1-Billion-by-2030-Allied-Market-Research.html

𝟑. 𝐓𝐮𝐫𝐛𝐨 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/turbo-generator-market-to-garner-12-6-bn-globally-by-2027-at-3-1-cagr-allied-market-research-301238253.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

[smrutiiyerreportprime]

Key Players in the Electric Motors for Vehicles Market: A Comprehensive Overview

Introduction:

The electric motors for vehicles market is witnessing significant growth due to the increasing demand for electric and hybrid vehicles. In this blog, we will explore the key players in this market, their past history, growth rate, market size, and other relevant information.

Key Players in the Electric Motors for Vehicles Market :

Tesla: Founded in 2003, Tesla is a renowned player in the electric vehicle market. They have been at the forefront of innovation and have gained significant market share in recent years. With an emphasis on sustainability and performance, Tesla has disrupted the automotive industry. In 2020, their revenue was $31.5 billion, with a CAGR of 49%.

Volkswagen: As one of the world's largest automobile manufacturers, Volkswagen has been making strides in the electric vehicle space. They have launched several electric models under the ID series and are investing heavily in electric vehicle technology. With a rich history dating back to 1937, Volkswagen continues to be a major player in the market. Their revenue in 2020 was $218.3 billion, with a CAGR of 3.6%.

BYD: Founded in 1995, BYD is a Chinese manufacturer specializing in electric vehicles and rechargeable batteries. They have established themselves as a global leader in the electric vehicle market and have been recognized for their technological advancements. BYD's revenue in 2020 was $22.6 billion, with a CAGR of 23.5%.

ZF: ZF is a German company that specializes in driveline and chassis technology as well as active and passive safety technology. They offer a range of electric motor solutions for the automotive industry. With a history dating back to 1915, ZF has built a strong reputation for innovation and quality. In 2020, their revenue was $36.3 billion, with a CAGR of 2.4%.

Bosch: Bosch is a global leader in technology and services, including the electric vehicle market. They provide various components and systems for electric vehicles, including electric motors. With a history spanning over 130 years, Bosch has a diverse portfolio of products and solutions. Their revenue in 2020 was $67.9 billion, with a CAGR of 3.6%.

Hasco: Hasco is a leading Chinese manufacturer of electric vehicle motors. They offer a wide range of products, including permanent magnet synchronous motors for electric vehicles. Hasco has gained recognition for their quality and reliability in the market. However, specific revenue figures and CAGR data for Hasco are not available.

Broad-Ocean Motor: Broad-Ocean Motor is a major player in the electric vehicle motor market. They provide a wide range of motors, including AC induction motors and permanent magnet synchronous motors. With a focus on technological advancement, Broad-Ocean Motor has established a strong presence in the market. Specific revenue figures and CAGR data for Broad-Ocean Motor are not publicly available.

Conclusion:

The electric motors for vehicles market is witnessing significant growth, with Tesla, Volkswagen, BYD, ZF, and Bosch among the key players. These companies, with their rich histories, technological advancements, and focus on sustainability, continue to shape the future of electric vehicles. 

[reportprimerahul]

Toroidal Inductors Market Size, Type, segmentation, growth and forecast 2023-2030

Toroidal Inductors Market

The Toroidal Inductors Market is expected to grow from USD 2.10 Billion in 2022 to USD 3.70 Billion by 2030, at a CAGR of 7.50% during the forecast period.

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Toroidal Inductors Market Size

Toroidal inductors are a type of inductor that has a ring or toroid-shaped core. They are commonly used in applications where low magnetic interference and high energy storage are important, such as in medical devices, telecommunications, musical instruments, industrial controls, electronic, aerospace, and nuclear industries. The toroidal inductors market is segmented based on type, including toroidal coil, common mode inductors, and SMT inductors. The market is also segmented by region, including North America, Asia Pacific, Middle East, Africa, Australia, and Europe. Key players in the market include Abracon, Vishay Intertechnology, Coilmaster Electronics, Bel Fuse, Pulse Electronics Power, Agile Magnetics, and CET Technology. The market’s regulatory and legal factors specific to market conditions vary depending on the region and may impact market growth and development.

Toroidal Inductors Market Key Player

Abracon

Vishay Intertechnology

Coilmaster Electronics

Bel Fuse

Pulse Electronics Power

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Toroidal Inductors Market Segment Analysis

Toroidal inductors are primarily used for electronic power supply applications and are gaining popularity due to their high induction values, small size, low resistance, and minimal electromagnetic interference. The key factors driving the revenue growth of the toroidal inductors market include the increasing demand from end-use industries such as telecommunication, automotive, aerospace, and defense. The rising demand for energy-efficient electronic products and the need for reliable and efficient power transmission systems is also driving the market growth.

The latest trends in the toroidal inductors market are the increasing use of high-temperature resistant materials to enhance performance, the development of customized inductors for specific applications, and the growth of the wind energy sector, which requires toroidal inductors for inverters and motors. However, the market faces significant challenges such as intense competition, the cost of raw materials, and the limited availability of skilled labor.

The report's main findings show that the global toroidal inductors market is experiencing steady growth, with Asia-Pacific being the largest market due to its increasing industrialization, growing demand for energy, and large-scale infrastructure development. The report recommends market players to focus on expanding their product portfolio, increasing their presence in emerging markets, and investing in research & development to develop innovative and advanced products.

In conclusion, the toroidal inductors market presents vast opportunities for growth, but it is also facing several challenges. The increasing demand for energy-efficient electronic products and growth in end-use industries provide market players with opportunities for growth, while expanding their product portfolio and investing in research & development is key to staying competitive in the market.

This report covers impact on COVID-19 and Russia-Ukraine wars in detail.

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Market Segmentation (by Application):

Medical Devices

Telecommunications

Musical Instruments

Industrial Controls

Electronic

Aerospace and Nuclear

Information is sourced from www.reportprime.com

[efrost]

Wireless EV Charging Market to Observe Strong Growth to Generate Massive Revenue in Coming Years

Latest study released by AMA Research on Global Wireless EV Charging Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Wireless EV Charging Market predicted until 2027*. Wireless EV charging is highly efficient, convenient and easy-to-use wireless charging technology for charging electric vehicles (EV). Wireless charging uses an electromagnetic field for the transmission of energy between two objects through electromagnetic induction. Then, energy is sent through an inductive coupling to an electrical device, which can use that energy to charge batteries or run the device. The wireless EV charging market is expected to witness a high growth owing to the increase in demand for electric vehicle, global warming across the globe and the need for efficient battery charging technologies

Some of Key Players included in Wireless EV Charging Market are

Continental AG (Germany)

Robert Bosch GmbH (Germany)

Qualcomm, Inc. (United States)

Toyota Motor Corporation (Japan)

Bombardier Inc. (Canada)

Witricity Corporation (United States)

Hella KGaA Hueck & Co. (Germany)

Evatran Group Inc. (United States)

Toshiba Corporation  (Japan)

ZTE Corporation (China)

Market Trends: Inclination towards wireless charging system technology

Drivers: Increasing demand for electric vehicle worldwide

Rising demand for safety and convenience

Challenges: Requires high level of safety

Long distance for dynamic charging

Opportunities: Development of wireless charging systems for commercial electric vehicles

The titled segments and Market Data are Break Down by Type (Commercial Charging Stations, Home Charging Stations), Power Supply Range (3-<11 kW, 11-50 kW, > 50 kW), Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System), Propulsion (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), Component (Base Charging Pad, Power Control Unit, Vehicle Charging Pad)

Presented By

AMA Research & Media LLP

[businessindustry]

Ignition Coil Market Technological Trends and Future Threats Analysis by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Ignition Coil Market Analysis share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Ignition Coil Market?

The global ignition coil market size was US$ 2.7 Billion in 2022. Furthermore, the market is expected to register a revenue CAGR of 4.8% during the forecast period and reach a market size of US$ 4.1Bn in 2031.

What are Ignition Coil?

An ignition coil plays a vital role in the ignition system of an internal combustion engine, converting the low voltage from the battery into the high voltage necessary to produce a spark in the spark plugs. This spark initiates the combustion process by igniting the fuel-air mixture in the engine's cylinders, powering the vehicle. Operating on electromagnetic induction principles, the ignition coil comprises a primary coil winding that receives the low voltage and a secondary coil winding that generates the high voltage.

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What are the growth prospects and trends in the Ignition Coil industry?

The ignition coil market growth is driven by various factors and trends. The ignition coil market is on a stable growth trajectory globally, propelled by the growing automotive industry worldwide. These coils are indispensable for ensuring efficient engine ignition in gasoline-powered vehicles. Technological advancements, including the introduction of sophisticated ignition systems that enhance fuel efficiency and lower emissions, are further fueling market growth. Moreover, the increasing popularity of electric vehicles is opening up new avenues for ignition coil manufacturers, as these vehicles still rely on ignition systems for specific functions. With the automotive sector evolving towards more efficient and environmentally friendly vehicles, the ignition coil market is poised for continued expansion. Hence, all these factors contribute to ignition coil market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Conventional Ignition Coils

Distributor Ignition Coils

Coil-on-Plug Ignition Coils

Smart Ignition Coils

Vehicle Type:

Passenger Cars

Light Commercial Vehicles (LCVs)

Heavy Commercial Vehicles (HCVs)

Electric Vehicles (EVs)

Technology:

Conventional Ignition Systems

Capacitive Discharge Ignition (CDI) Systems

Electronic Ignition Systems

Distributorless Ignition Systems (DIS)

Sales Channel:

Original Equipment Manufacturers (OEMs)

Aftermarket

Application:

Gasoline Engines

Diesel Engines

Compressed Natural Gas (CNG) Engines

Others

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Bosch

Denso Corporation

Delphi Technologies (now part of BorgWarner)

NGK Spark Plug Co., Ltd.

Valeo

Standard Motor Products, Inc.

Hitachi Automotive Systems

Federal-Mogul (now part of Tenneco)

Mitsubishi Electric Corporation

ACDelco (a division of General Motors)

Bremi Fahrzeug-Elektrik GmbH & Co. KG

Hella GmbH & Co. KGaA

Continental AG

SMP Deutschland GmbH (formerly BERU)

Mitsubishi Electric Automotive America, Inc.

View Full Report: https://www.reportsandinsights.com/report/Ignition Coil-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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[moremarketresearch]

Wireless EV Charging Market is expected to generate a revenue of USD 2,744 Million by 2030, Globally, at 85% CAGR

Wireless EV Charging Market is expected to generate a revenue of USD 2,744 Million by 2030, Globally, at 85% CAGR. Rising electric vehicles sale across the globe, Technological developments in the automobile industry, as well as innovations in the electronics and telecommunications industries, all contribute to the Wireless EV Charging Market growth. JERSEY CITY, N.J., Oct. 14, 2022 - Verified Market Research recently published a report, "Wireless EV Charging Market" By Vehicle Type (Electric Commercial Vehicle, Electric Bike), By Propulsion Type (BEV, PHEV), and By Geography. As per the deep research carried out by Verified Market Research, the global Wireless EV Charging Market size was valued at USD 8.95 Million in 2021 and is projected to reach USD 2,744 Million by 2030, growing at a CAGR of 85% from 2022 to 2030.

Global Wireless EV Charging Market Overview

Electric vehicles without cables Charging is a very efficient, practical, and simple technique for wirelessly recharging electric automobiles (EV). It consists of a transmission coil that generates a magnetic field and inducts energy into a nearby reception coil. A property of the distance between the two coils is the proportion of the magnetic field generated by the transmitter coil that reaches the receiving coil and helps with power transfer. Qualcomm has played a significant part in the development of practical wireless charging technology. Wireless charging is the primary factor driving the market. Compared to conventional public charging stations, wireless EV charging technology is more efficient, versatile, and damage resistant. Rarely does the user need to exit the EV to deal with difficult connectors, lengthy wires, or a difficult user interface. Overall, the EV charging procedure has been made simpler, which improves the user experience. The demand for wireless EV charging will rise as a result of reasons such as rising global electric vehicle sales and the desire of auto OEMs for autonomous driving technology. Wireless EV charging is a technique for charging electric vehicles at charging stations whether they are moving or idle. A power transmission coil must be mounted on the charging station and a power collecting coil must be fitted below the bodywork of the car in order to deliver electricity. The autos' batteries need to be charged. Electric vehicles integrate into a charging station to draw power from the grid.

Key Developments

- In May 2022, Continental announced the launch of new sensors that will protect the battery of EVs. They are actually designed for electric mobility to enhance road safety and electric technology. - In May 2022, Toshiba and Japan Semiconductor collaborated to develop an improved Analog platform having embedded non-volatile memory for various applications in the automotive industry.

Key Players

The major players in the market are Robert Bosch GmbH, Continental AG, PowerbyProxi, WiTricity Corp, Toyota Motor Corporation, Toshiba Corporation, WiTricity Corporation, Qualcomm, Inc., Evatran Group, and Integrated Device Technology. Verified Market Research has segmented the Global Wireless EV Charging Market On the basis of Vehicle Type, Propulsion Type, and Geography. Wireless EV Charging Market, By Vehicle Type - Electric Commercial Vehicle - Electric bike - Passenger Car Wireless EV Charging Market, By Propulsion Type - BEV - PHEV Wireless EV Charging Market, by Geography - North America- U.S - Canada - Mexico - Europe- Germany - France - U.K - Rest of Europe - Asia Pacific- China - Japan - India - Rest of Asia Pacific - ROW- Middle East & Africa - Latin America Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=7083 Read the full article

[spookysaladchaos]

Automotive Power Inductor, Global Market Size Forecast, Top Twenty-six Players Rank and Market Share

Automotive Power Inductor Market Summary

Power inductors refer to inductors used in power circuits such as DC-DC converters, and are also called power coils, power chokes, etc. According to different process structures, it can be divided into multi-layer type, winding type, and film type.

At present, the DC-DC converter is an indispensable key component in the design and production of new energy vehicles, and the power inductor is an indispensable device in the DC-DC converter. It can provide large current, high inductance, and its accumulation through accumulation and releases energy to maintain a continuous flow of electricity.

There are many application scenarios for power inductors in automobiles, such as infotainment systems, autonomous driving & body control systems, and electrification systems (battery, motor, OBC, etc.).

According to the new market research report "Global Automotive Power Inductor Market Report 2023-2029", published by QYResearch, the global Automotive Power Inductor market size is projected to reach USD 2495 million by 2029, at a CAGR of 5.9% during the forecast period.

Figure.   Global Automotive Power Inductor Market Size (US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

Market Drivers:

1. New energy vehicles need more efficient, more compact power inductors with high power density and high frequency characteristics to meet their high current, high frequency and high temperature operating requirements.

2. With the increasing application of intelligence and automation technology in the automotive field, the requirements for power inductors in vehicle electronic systems are also increasing. For example, autonomous driving systems, advanced driver assistance systems, and intelligent vehicle networking systems require high-performance power inductors to support their complex power management and transmission functions.

Restraint:

1. Power inductors may generate high heat at high power and high frequency.

2. Automotive power inductors operate in high-temperature, high-humidity, and vibration environments, so they need to have good reliability and durability. Vibration and temperature changes can cause damage or fatigue to the inductor's internal components, affecting its performance and lifetime.

Trend:

1. Lightweight and Miniaturized: As energy efficiency requirements for vehicles increase, automakers will continue to adopt lightweight designs to reduce fuel consumption and emissions. In inductor design, lighter and more compact materials and structures will be used to increase power density and reduce inductor weight and size.

2. High Frequency: With the proliferation of electric and hybrid vehicles, the vehicle's electrical system needs to handle higher power densities and frequencies. Therefore, the future design of automotive power inductors may develop towards higher operating frequencies to meet the needs of high power and high frequency.

Figure.   Automotive Power Inductor, Global Market Size, The Top Five Players Hold 62% of Overall Market

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

The global key manufacturers of Automotive Power Inductor include TDK, Murata Manufacturing, Delta Electronics, YAGEO, Taiyo Yuden, Panasonic, Vishay, DARFON, Coilcraft, Shenzhen Sunlord Electronics, etc.

In 2022, the global top five Automotive Power Inductor players account for 62% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Automotive Power Inductor.

Figure.   Automotive Power Inductor, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

In terms of product type, SMD Power Inductor is the largest segment, hold a share of 90%.

Figure.   Automotive Power Inductor, Global Market Size, Split by Application Segment

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

In terms of product application, ADAS is the largest application, hold a share of 30%.

Automotive Power Inductor, Global Market Size, Split by Region (Production)

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

As far as the production side is concerned, the global automotive power inductor production areas are mainly distributed in mainland China, Taiwan, Japan, the United States and Southeast Asia. Among them, China and Japan account for more than 70% of the global market share. Japan's leading companies include: TDK, Murata Manufacturing, Taiyo Yuden and Panasonic, etc.; while China's leading companies mainly include: Delta Electronics, DARFON and Shenzhen Sunlord Electronics, etc.

However, in recent years, due to factors such as the China-US trade war, the Russia-Ukraine war, and geopolitics, the Chinese market has been affected. The market has gradually shifted to lower-cost countries such as Southeast Asia, and the market share has changed. Figure.   Automotive Power Inductor, Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Automotive Power Inductor Market Report 2023-2029.

The downstream consumer end is mainly automotive electronics. Automotive electronics, especially the electric vehicle application market, is the inductor application market with the highest annual compound growth rate (CAGR). In terms of sales regions, the Asia-Pacific region remains the region with the highest CAGR.

About The Authors

Jiashi Dong

Lead Author

Email: dongjiashi@qyresearch.com

Tel: +86-15278314535

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[digitrenndsamr]

Permanent Magnet Synchronous Motors Market to Receive Overwhelming Hike in Revenues By 2030

Transparency Market Research delivers key insights on the global permanent magnet synchronous motors market. In terms of revenue, the global permanent magnet synchronous motors market is estimated to expand at a CAGR of ~5% during the forecast period from 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global permanent magnet synchronous motors market report.

In the report, TMR predicts that the global permanent magnet synchronous motors market would be largely driven by factors such as rising demand for high-efficiency motors. Innovation in technology and design of permanent magnet synchronous motors is expected to boost the demand in the coming years.

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According to the permanent magnet synchronous motors market report, the capacity segment includes 375 – 450 kW, 450 – 600 kW, and above 600 kW. On a global scale, the motor above 650 kW is the largest segment in terms of value. However, in terms of volume, the 375 – 450 kW segment accounted for major share as the cost of 375 – 450 kW permanent magnet synchronous motors is much lower than a motor with capacity 650 and above.

In terms of type, the interior segment accounted for major market share and is expected to maintain its dominance in the coming years. Interior permanent magnet synchronous motor (IPMSM) uses “maximum torque per ampere” (MTA) and “maximum torque per volt” (MTV) optimal control strategies and are preferred in different end-use industries.

Based on control, the market has been bifurcated into trapezoidal and sinusoidal. Scaler control sinusoidal permanent magnet synchronous motors have high demand in the global market. The vector control of PMSM allows separate closed loop control of both the flux and torque.

In terms of end use, the market has been divided into electrical & electronics, aerospace, automotive, oil & gas, marine, defense, power, mining, and others. High capacity permanent magnet synchronous motors have prominent demand in automotive, aerospace, and oil & gas industries. Companies are working on motors and generators with high efficiency features that can provide significant savings in power and operating expenses, and help end users to reduce carbon dioxide emissions.

Permanent magnet synchronous motors offer a relatively higher power density for their sizes over induction motors. This impact of PMSMs is majorly attributed to the rotor flux, which is already established in the motor due to the presence of the permanent magnet. In case of induction motors, the stator current is required in order to induce rotor current, which in response causes heat amid the induction motor.

The PMSM is also relatively more compact, which is majorly due to its low power density. This compactness of the PMSM results in its development with low rotor inertia, which has the potential to provide faster response. The ability of PMSMs to operate at high efficiency with relatively lower speeds optimally fits into the several regulatory guidance and thus is used across a wide spectrum of industries.

Permanent Magnet Synchronous Motors Market: Prominent Regions

Asia Pacific was the fastest growing market in 2019. A growing industrial sector coupled with easy government rules and regulations for establishment of small & medium manufacturing units is expected to boost the market growth. North America is the second largest market for permanent magnet synchronous motors as a result of high end user adoption of PMSMs.

Permanent Magnet Synchronous Motors Market: Key Players

Key players operating in the global permanent magnet synchronous motors market include ABB Ltd., Alstom, ATE antriebstechnik undentwicklungs GmbH & Co. KG, General Electric, Hansen Corporation, Hitachi, Ltd, MEIDENSHA CORPORATION, Nidec Corporation, OEMER MOTORI ELETTRICI S.P.A., Rolls Royce plc, Siemens AG, Toshiba International Corporation, WEG S.A., YASA Limited, YASKAWA Electric Corp. and Zhejiang Zhongyuan Electric Co., Ltd. Companies are extensively focusing on introducing innovative products in order to gain market share. The trend of low-cost product launch is prevalent in the Asia Pacific region.

Global Permanent Magnet Synchronous Motors Market: Segmentation

Permanent Magnet Synchronous Motors Market, by Capacity

375 – 450 kW

450 – 600 kW

Above 600 kW

Permanent Magnet Synchronous Motors Market, by Type

Surface Permanent Magnet Synchronous Motor

Interior Permanent Magnet Synchronous Motor

Permanent Magnet Synchronous Motors Market, by Control

Trapezoidal

Sinusoidal

Open Loop

Closed Loop

Scalar

Vector

Permanent Magnet Synchronous Motors Market, by End Use

Electrical & Electronics

Aerospace

Automotive

Oil & Gas

Marine

Defense

Power

Mining

Others (Healthcare, etc.)

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Permanent Magnet Synchronous Motors Market, by Region

North America

Europe

Asia Pacific

Middle East & Africa (MEA)

South America

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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