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PERMANENT MAGNET MOTOR MARKET ANALYSIS

Permanent Magnet Motor Market, By Motor Type (Direct Current (DC) Motor and Alternating Current (AC) Motor), By Magnetic Material Type (Ferrite, Neodymium, Samarium Cobalt, and Others), By Vertical (Automotive, General Industrial, Energy, Water and Wastewater Treatment, Mining, Oil and Gas, Aerospace and Defense, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Key Developments

  • In July 2023, Delta Line, a leading manufacturer of motion control solutions based in Switzerland, introduced a new range of brushed permanent magnet DC motors available in three sizes: 42DI, 52DI, and 63DI. These motors are designed to deliver nominal torque of up to 0.06Nm for the 42mm size, 0.22Nm for the 52mm size, and 0.27Nm for the 63mm size, making them suitable for various demanding applications.
  • In July 2022, Collins Aerospace, a unit of Raytheon Technologies and a leader in advanced aerospace solutions, developed the first working prototype of its 500-kilowatt electric motor designed for the Airlander 10 aircraft. This project, in collaboration with Hybrid Air Vehicles and the University of Nottingham, aims for the motor to achieve a power density of 9 kW/kg and an efficiency of 98% through innovative motor topology and composite construction. The motor is currently undergoing basic characterization testing at the University of Nottingham.
  • In December 2020, Toshiba Corporation, a Japan-based multinational conglomerate founded in 1875, announced that it had developed a new magnetic material with characteristics that deliver major improvements in motor efficiency. The company stated that this material, when tested, increased productivity by 0.9 points. Toshiba noted that this component can also be used in electric motors to enhance their efficiency.
  • In October 2020, Wright Electric, a U.S.-based startup founded in 2016 and focused on developing electric propulsion systems for aircraft, announced that it had signed an agreement with the U.S. Department of Energy's Energy Innovative Energy Research Institute. This collaboration aims to create innovative, efficient, and lightweight electrically powered engines, which could enhance the Fixed Magnet Motor Market.

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