Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, and Rest of Asia), By Type (PMAC, PMDC, Brushless DC), By Power Rating (Up to 25 kW, 25-100 kW, 100-300 kW, 300 kW and Above), By End-user (Industrial, Commercial and Residential, Others) And Competitive Landscape
Product Code: ETC077029 | Publication Date: Aug 2021 | Updated Date: May 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Asia Pacific Permanent Magnet Motor Market report thoroughly covers the market by countries, type, power rating, end user. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific region is one of the key markets for permanent magnet motors due to the increasing demand from various end-use industries. The market in this region is expected to be driven by the growing demand for electric vehicles and hybrid vehicles. Additionally, the industrial sector is also witnessing a growing demand for these motors due to their superior efficiency and power density. Additionally, the market in the Asia Pacific region is expected to be further driven by the growing economies of countries such as China, India, and Japan. The rising disposable incomes and the increasing population are some of the key factors driving the growth of these markets.
According to 6Wresearch, Asia Pacific Permanent Magnet Motor Market size is projected to grow during 2021-2027. The increasing demand for energy-efficient motors is one of the major factors driving the growth of the Asia Pacific permanent magnet motor industry. Moreover, the rising adoption of electric vehicles in the region is another key factor fuelling market growth. The growing awareness about the benefits of using permanent magnet motors is also boosting market growth. However, the high cost of these motors is a major challenge restraining market growth. Moreover, the presence of leading manufacturers in this region is also fuelling the growth of the Asia Pacific permanent magnet motor market. However, the high cost of materials and manufacturing process is a major restraint for the Asia Pacific Permanent Magnet Motor Market growth. In addition, limited availability of raw materials is another challenge faced by manufacturers in this region.
Report Name | Asia Pacific Permanent Magnet Motor Market |
Base Year | 2020 |
Historical Period | 2017-2020 |
Forecast Period | 2021-2027 |
Market Size Value | XXXX |
Revenue Forecast | XXXX |
Growth Rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Country, By Type, By Power Rating, By End-user |
Countries Covered | China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
The Permanent Magnet Motor Market in Asia Pacific has been impacted by the COVID-19 pandemic, like many other industries. The pandemic has caused a slowdown in economic activity and disrupted global supply chains, leading to a decline in demand for many products, including permanent magnet motors. In the short term, the pandemic has had a negative impact on the growth of the Asia Pacific Permanent Magnet Motor Market. However, as the world recovers from the pandemic, the market is expected to rebound and grow at a steady rate. However, the pandemic has also highlighted the importance of investing in renewable energy and reducing reliance on fossil fuels. Permanent magnet motors play a critical role in renewable energy applications such as wind turbines, electric vehicles, and solar panels, which are expected to drive the growth of the Asia Pacific Permanent Magnet Motor Market in the coming years.
Some of the key players operating in the Asia Pacific permanent magnet motor market include Nidec Corporation, Johnson Matthey plc, Hitachi Ltd., TDK Corporation, and Toshiba International Corporation. Further, these companies hold majority of the Asia Pacific permanent magnet motor market share, due to their strong brand presence and extensive product portfolios. They have also invested heavily in research & development activities to bring forth innovative solutions that cater to the evolving needs of their customers. In addition, these companies have established wide-reaching distribution networks across the Asia Pacific region, which further enhances their reach in the market.
Based on countries, the market is categorized into China, India, Japan, Australia, Indonesia, Philippines, Thailand and Malaysia. Further, the Asia Pacific region is home to some of the world’s largest economies, such as China and India. These countries are also some of the largest consumers of electric motors. The increasing industrialization and urbanization in these countries is driving the demand for electric motors. Additionally, the implementation of stringent environmental regulations in the region is another factor driving the growth of the electric motor market in the Asia Pacific region.
According to Shivankar Guha, Research Manager, 6Wresearch, the industrial and commercial end user verticals leads the market. The increasing need for energy efficiency in various industries such as automotive, consumer electronics, and industrial equipment is driving the demand for permanent magnet motors. These motors offer higher efficiency compared to traditional motors, which results in significant energy savings. Further, several governments in the Asia Pacific region are implementing regulations and policies to promote the use of energy-efficient products. For instance, in China, the government has implemented energy efficiency standards for various products, including electric motors, which has increased the adoption of permanent magnet motors.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Permanent Magnet Motor Market Overview |
3.1 Asia Pacific Permanent Magnet Motor Market Revenues & Volume, 2017 & 2027F |
3.2 Asia Pacific Permanent Magnet Motor Market - Industry Life Cycle |
3.3 Asia Pacific Permanent Magnet Motor Market - Porter's Five Forces |
3.4 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.5 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Power Rating, 2020 & 2027F |
3.7 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By End-user, 2020 & 2027F |
4 Asia Pacific Permanent Magnet Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Permanent Magnet Motor Market Trends |
6 Asia Pacific Permanent Magnet Motor Market, 2017-2027 |
6.1 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
6.2 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
6.3 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
7 China Permanent Magnet Motor Market, 2017-2027 |
7.1 China Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
7.2 China Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
7.3 China Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
8 India Permanent Magnet Motor Market, 2017-2027 |
8.1 India Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
8.2 India Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
8.3 India Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
9 Japan Permanent Magnet Motor Market, 2017-2027 |
9.1 Japan Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
9.2 Japan Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
9.3 Japan Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
10 Australia Permanent Magnet Motor Market, 2017-2027 |
10.1 Australia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
10.2 Australia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
10.3 Australia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
11 Indonesia Permanent Magnet Motor Market, 2017-2027 |
11.1 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
11.2 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
11.3 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
12 Philippines Permanent Magnet Motor Market, 2017-2027 |
12.1 Philippines Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
12.2 Philippines Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
12.3 Philippines Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
13 Malaysia Permanent Magnet Motor Market, 2017-2027 |
13.1 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
13.2 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
13.3 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
14 Rest of Asia Permanent Magnet Motor Market, 2017-2027 |
14.1 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2017-2027 |
14.2 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2017-2027 |
14.3 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2017-2027 |
15 Asia Pacific Permanent Magnet Motor Market Key Performance Indicators |
16 Asia Pacific Permanent Magnet Motor Market - Opportunity Assessment |
16.1 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Countries, 2020 & 2027F |
16.2 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Type, 2020 & 2027F |
16.3 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Power Rating, 2020 & 2027F |
16.4 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By End-user, 2020 & 2027F |
17 Asia Pacific Permanent Magnet Motor Market - Competitive Landscape |
17.1 Asia Pacific Permanent Magnet Motor Market Revenue Share, By Companies, 2020 |
17.2 Asia Pacific Permanent Magnet Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
18 Company Profiles |
19 Recommendations |
20 Disclaimer |