IE4 and IE5 Permanent Magnet Synchronous Motors Market

 IE4 and IE5 Permanent Magnet Synchronous Motors Market Overview

• The Global IE4 and IE5 Permanent Magnet Synchronous Motors Market Size is Expected to Grow from USD 4.75 Billion in 2023 to USD 10.71 Billion by 2033, Growing at a CAGR of 8.47% during the forecast period 2023 to 2033.
• The market growth is driven by the increasing need for energy-efficient motors in a variety of applications, strict government laws governing energy use, and the expanding use of automation in businesses are the main drivers of this remarkable growth trajectory.
• The need for high-efficiency motors, such as IE4 and IE5 PMSMs, is predicted to soar as industries throughout the world place an increasing emphasis on cost-cutting and sustainability, making them imperative to contemporary industrial processes.

Major vendors in the IE4 and IE5 Permanent Magnet Synchronous Motors Market

Siemens AG, ABB Ltd., Nidec Corporation, WEG S.A., Toshiba Corporation, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Hitachi Ltd., Regal Beloit Corporation, Rockwell Automation Inc., Danfoss Group, Yaskawa Electric Corporation, Fuji Electric Co., Ltd., Leroy-Somer (a part of Nidec Corporation), Baldor Electric Company (a part of ABB Ltd.), SEW-Eurodrive GmbH & Co KG, Johnson Electric Holdings Limited, Allied Motion Technologies Inc., Hoyer Motors, and others.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the IE4 and IE5 permanent magnet synchronous motors market based on the below-mentioned segments:

Global IE4 and IE5 Permanent Magnet Synchronous Motors Market, By Motor Type

• Surface Permanent Magnet
• Interior Permanent Magnet

Global IE4 and IE5 Permanent Magnet Synchronous Motors Market, By Application

• Industrial
• Commercial
• Residential
• Automotive
• Others

Global IE4 and IE5 Permanent Magnet Synchronous Motors Market, By Power Rating

• Up to 10 kW
• 10-100 kW
• Above 100 kW

Global IE4 and IE5 Permanent Magnet Synchronous Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa