June 22, 2023 06:48 ET | Source: Research and Markets Research and Markets
Dublin, June 22, 2023 (GLOBE NEWSWIRE) -- The "Permanent Magnet Motor: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Permanent Magnet Motor estimated at US$28.6 Billion in the year 2022, is projected to reach a revised size of US$53.2 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Compact Portable Fat Pusher Massager
Alternate Current Motor, one of the segments analyzed in the report, is projected to record a 9% CAGR and reach US$24.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Direct Current Motor segment is readjusted to a revised 7.6% CAGR for the next 8-year period. The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 9.5% CAGR The Permanent Magnet Motor market in the U.S. is estimated at US$5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.9 Billion by the year 2030. Select Competitors (Total 41 Featured) -
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/bja5tl
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