Robustness Keeps the Permanent Magnet Motor Market Strong
Motors around the world are changing. The electric magnets have been used in the rotating motors since ages. However, their demand in the small motor segment came in much later. This has resulted in the reduction in both the motor noise as well as noise. Besides this, the elevators too became one of the first machine to used them. Gradually, these need in the heavy machinery too increased significantly.
Apart from this, their application in the washing -machine motors segment has increased over the years. In washing -machines they are not only known to have increased the spin and dry capability but lowering the motor noise. Age old hydraulic motor are known to noisy, as its engines continuously rotates. But motor using permanent magnets have finally made it convenient to operate the heavy machines especially in residential setups and at night.
Energy Saving is the Main Priority of Permanent Magnet Motor Market Strong
Thanks to the permanent magnet motor, energy consumption capacity of the air conditioners has been lowered drastically. Moreover, in electronic products such as air conditioners, maximum electricity is consumed mainly by the dive compressor motors. Earlier, the air conditioner induction motors were mainly used for ACs.
But, the inverter ACs were introduced to the market IN 1981. Brushless DC motor was built in 1990. The ACT introduced in 1999 enforced on the importance of energy conservation. Another act introduced in 2003, laid down many fuel efficiency guidelines. Thus, all manufacturers had begun improving their ACs and aimed towards increasing the motor performance by lowering energy consumption.
Research and Development dominate Permanent Magnet Motor Market Space
The sector has witness a tremendous growth in overseas production. Recent advancements in research and development too has kept the future of the market robust. These magnet motors at present are being produced in countries including China and Japan. In 1990 nation like Japan had emerged as the largest manufacturer, while country such as China as well as Western nations manufactured about the same levels.
Eyeing the major developments in the sector, Allied Market Research has published a report titled “World Permanent Magnet Motor Market - Opportunities and Forecasts, 2013 – 2020.” The study weighs up on the growth rate, share and size and key trends in the market.