IMARC Group, a leading market research company, has recently releases report titled “IE4 Permanent Magnet Synchronous Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global IE4 permanent magnet synchronous motors 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 IE4 permanent magnet synchronous motors market?
The global IE4 permanent magnet synchronous motors market size reached US$ 152.16 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 250.45 Million by 2028, exhibiting a growth rate (CAGR) of 8.40% during 2023-2028.
What is IE4 permanent magnet synchronous motors?
IE4 permanent magnet synchronous motors are premium efficiency motors that utilize permanent magnets in their rotors to generate field poles. They are three-phase design motors with low eddy current losses and high inherent efficiency. They manufacture an efficiency of 85.5% for a 1 HP motor with 1800 RPM having a synchronous assembly. They are commonly employed in the production of electrical equipment that emphasizes resource conservation and maximizes output. As a result, they improve cost and energy efficiency while minimizing the manual effort required for various tasks. They also offer advantages such as enhanced performance and reliability, higher torque and power density, reduced noise, low rotor inertia, efficient heat dissipation, and excellent power factor across all loads. Consequently, IE4 permanent magnet synchronous motors find extensive applications in machine tools, actuators, industrial fans, pumps, robotics, compressors, and other mechanical applications across the globe.
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What are the growth prospects and trends in the IE4 permanent magnet synchronous motors?
The market is primarily driven by the rising demand for IE4 permanent magnet synchronous motors due to their contribution to minimizing energy consumption and reducing carbon dioxide (CO2) emissions. In addition, the escalating demand for higher-efficiency motors on account of several advantages, such as speed, acceleration, torque requirements, control, and angular movements in robotic processes, are contributing to the market growth. In line with this, the surging need for superior machine control has accelerated the installation of IE4 motors for improved equipment performance and efficiency.
Moreover, the widespread product adoption in material handling equipment, refrigerators, pumps, compressed air, heating ventilation, air conditioning (HVAC), and ventilation systems represents another major growth-inducing factor. Besides this, the growing popularity of green technologies such as IE4 permanent magnet synchronous motors, which provide benefits such as low fan losses and high-quality insulation and lamination compared to standard motors, are propelling the market growth. Along with this, the emerging commercial and industrial applications of IE4 permanent magnet synchronous motors to lower overall production costs and encourage energy saving are providing a positive thrust to the market growth.
Apart from this, the IE4 permanent synchronous magnet motors market is growing at different rates in numerous regions, with the Asia Pacific region being the largest IE4 permanent magnet synchronous motors market due to rapid industrial growth, particularly in developing countries, recent technological advancements, and increasing preferences for energy-efficient and high-performance motors. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in December 2017, Nord Drive Systems introduced an expanded range of smooth-surface permanent-magnet synchronous motors. These motors, with IE4 or super-premium efficiency, were specifically designed for use in the food, beverage, and pharmaceutical industries. Furthermore, various supportive government policies, continuous product innovations, and mergers and acquisitions (M&A) among key market players are creating a positive market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
- <20 kW
- 20–200 kW
- >200 kW
Application Insights:
- Material Handling
- Liquid Pumps
- Fans and Ventilation
- Cooling Compressors
- Air Compressors and Vacuum Pumps
- Blowers
- Coolers
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Altra Industrial Motion Corp. (Regal Rexnord Corporation)
- Bharat Bijlee Limited
- Kienle + Spiess GmbH (Feintool)
- Lafert S.p.A. (Sumitomo Heavy Industries Ltd.)
- Merkes GmbH
- Nidec Motor Corporation
- NORD Drivesystems Pvt. Ltd.
- O.M.E. Motori Elettrici s.r.l.
- Oemer Motori Elettrici SpA
- Toshiba Industrial Products and Systems Corporation (Toshiba Corporation)
- WEG Benelux S.A.
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