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市場調查報告書
商品編碼
1645291
印度的永久磁鐵馬達市場評估:各類型,各材料組成類別,額定功率電力,各終端用戶,各地區,各地區,機會及預測,2018~2032年India Permanent Magnet Motor Market Assessment, By Type, By Material Composition, By Power Rating, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度永磁電機市場預計將從 2024 財年的 29.5 億美元增長到 2032 財年的 75.5 億美元,在預測期內(2025 財年 - 2032 財年)的複合年增長率為 12.45%。近年來,市場經歷了顯著增長,並且由於對節能馬達的需求不斷增加、汽車等行業對永磁電機的應用不斷增加以及各個行業機器人技術的快速發展,預計未來將繼續擴大。由於電動車需求不斷增長、暖氣、通風和空調設備需求不斷增加以及城市化進程加快,印度對永磁馬達的需求預計將增加。永磁馬達大量使用釤鈷和釹等稀土磁鐵,與傳統感應馬達相比,具有能耗更低、效率更高、設計更緊湊等特點。這些優勢推動了它們在電動車、工業機械、家用電器和再生能源系統等廣泛應用領域的應用。電動車產量的有效成長是推動印度永磁馬達市場發展的主要因素之一。隨著企業和政府推動更有效率、更清潔的交通解決方案,對高效、低能量損耗的電動馬達的需求很大。此外,向再生能源的轉變正在推動太陽能發電系統和風力渦輪機中永磁電機市場的需求,這對於將太陽能和風能有效地轉化為電能至關重要。設施工程市場中的公司正在有效地部署配備永磁馬達的機器,以提供更好的體驗並擴大其在市場上的佔有率。
例如,2024年7月,印度大型公司Kongsberg Gruppen ASA推出了一款水下安裝推進器,配備永磁電動馬達、3.7米螺旋槳和4.2兆瓦功率模型。
上述公司不根據市場佔有率排序,並且可能會根據研究工作期間獲得的資訊而發生變化。
India permanent magnet motor market is projected to witness a CAGR of 12.45% during the forecast period FY2025-FY2032, growing from USD 2.95 billion in FY2024 to USD 7.55 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to growing demand for energy-efficient motors, increasing adoption rate of permanent magnet motors in industries including automotive, and rapid robotic technology in different industries. India permanent magnet motor market demand is projected to rise due to increasing electric vehicle requirements, growing demand for heating, ventilation, and air conditioning equipment, and rapid urbanization. The permanent magnet motors significantly utilize magnets from rare-earth materials including samarium-cobalt or neodymium, offer reduced energy consumption, high efficiency, and compact designs compared to the conventional induction motors. These benefits foster their adoption in applications ranging from electric vehicles and industrial machinery to household appliances and renewable energy systems. The effective rise in the production of electric vehicles is one of the major factors driving the Indian permanent magnet motor market. As companies and governments are efficiently pushing cleaner transportation solutions, electric motors with high effectiveness and low energy losses are significantly required. In addition, the country's shift toward renewable energy sources fosters the permanent magnet motor market demand in solar power systems and wind turbines, as these motors are important for efficiently converting solar and wind energy into electrical power. Companies in the equipment engineering market are efficiently introducing machines featuring permanent magnet motor to offer a better experience and expand their market presence.
For instance, in July 2024, Kongsberg Gruppen ASA, a leading company in India, introduced underwater mountable thrusters with a permanent magnet motor, a 3.7-meter propeller, and a 4.2-megawatt power output model joining the range.
Growing Demand for Electric Vehicles Drives the India Permanent Magnet Motor Market
The electric vehicle market is one of the leading drivers of India permanent magnet motor market growth in the forecast period. Permanent magnet motors are favored in electric drivetrains owing to their high effectiveness, lighter weight, and compact size compared to traditional induction motors. This trend is further driven by government incentives, rising consumer awareness of sustainability, and stricter emissions regulations. As countries shift toward net-zero emissions, automakers are rapidly shifting toward electric mobility, depending heavily on permanent magnet motors for their superior torque, energy effectiveness, and power density. In addition, permanent magnet motors are used in different electric vehicle components, including power steering systems, traction motors, and HVAC systems. Therefore, the growing adoption of electric vehicles significantly propels the demand for permanent magnet motors. The automotive industry is continuously rising, and innovation will probably drive the demand for permanent magnet motors as automakers consistently look for ways to reduce vehicle weight and enhance overall effectiveness and performance coupled with improved battery life.
For instance, in March 2024, POSCO INTERNATIONAL, an Indian manufacturer, won a deal worth nearly USD 9 billion to deliver permanent magnets to finished carmakers in North America and Europe. The magnets will be efficiently used in driving motors for the automaker's upcoming mid- and large-size electric vehicles.
Cost-Effective Alternatives to Rare-Earth Materials Drive the India Market Growth
One of the challenges facing the permanent magnet motor (PMM) market has been the high cost and limited supply of rare-earth materials, including dysprosium and neodymium, typically utilized in manufacturing high-performance magnets. As the requirement for PMM continuously rises, the price volatility and supply chain risks linked with these materials encourage companies to discover alternatives. Therefore, companies in the market are focusing on developing cost-effective and sustainable solutions, including using ferrite magnets and hybrid motors that combine permanent magnets with conventional motor technologies. Whereas ferrite-based magnets are less efficient than rare-earth magnets because they are more affordable and sustainable. In addition, companies in the market are investing in different research and development activities and experimenting with ways to reduce the quantity of rare-earth materials used in PMMs or replace them wholly without compromising motor performance.
For instance, in May 2024, Chara Technologies designed motors free of rare earth minerals, thus reducing India's massive import dependency and accelerating electric mobility.
Industrial Dominates the Largest Market Share in the India Market
The industrial sector dominates the permanent magnet motor market in India, holding the largest market share as it offers higher efficiency and superior performance compared to traditional motors. Also, the growing adoption of automation and robotics in Indian industries is a prevalent driver for permanent magnet motors. Continuous innovations in motor technology, including the development of brushless DC motors and advanced magnetic materials, enhance the performance and durability of permanent magnet motors. These advancements support their growing use in diverse industrial applications. Supportive government policies and initiatives promoting industrial growth and modernization, such as 'Make in India,' are fostering the adoption of advanced technologies, including permanent magnet motors. These initiatives create a favorable environment for the market's growth. Furthermore, companies in the market are launching new and advanced motors to address the growing demand from the industrial end-user segment.
For instance, in November 2024, Danfoss A/S, manufacturer in Manjusar, Gujarat announced the launch of editron EM-PMI540B electric motor based on synchronous reluctance assisted permanent magnet technology to offer high efficiency, non-stop continuous power, and a high operational altitude to off-highway machinery and marine vessels.
Northern India Registers the Largest India Permanent Magnet Motor Market Size
Northern India holds the largest share of India permanent magnet motor market owing to ongoing technological advancements, rising requirements for energy-efficient solutions, and strong industrial sectors. The significant rise in the adoption of electric vehicles plays an important role in expanding the market. In addition, the industrial and consumer electronics sectors in Northern India contribute efficiently to the market growth in the forecast period. Moreover, with rapid urbanization and infrastructure development in Northern states, the need for advanced motors in applications, including elevators, air conditioning systems, and renewable energy systems, is growing. Furthermore, Northern India is home to different key manufacturers and suppliers of permanent magnet motors, benefiting from cost-effective production, access to raw materials, and technological innovations, resulting in the registration of the permanent magnet motor market in Asia-Pacific.
For instance, in May 2024, E.V.R. Motors Ltd. announced the opening of a new plant in Haryana, the first manufacturing operation in India by an Israeli automotive firm to produce trapezoidal geometry coils, a patented component of EVR's Trapezoidal Stator Radial Flux Permanent Magnet (RFPM) motor technology.
Future Market Scenario (FY2024 - FY2031F)
The rapid growth of the automotive industry, especially in the electric vehicle (EV) segment, is a major driver for permanent magnet motors.
The rise in industrial automation and robotics in India is another critical trend driving market growth.
India's focus on expanding its renewable energy capacity, particularly in wind and solar power, is boosting the demand for permanent magnet motors.
Continuous advancements in motor technology, such as the development of new materials and manufacturing techniques, are enhancing the performance and reducing the costs of permanent magnet motors.
Key Players Landscape and Outlook
Companies operating in the India permanent magnet motor market are implementing various strategies to expand their market presence and drive growth. Companies are focusing on diversifying their product portfolios to cater to different industry needs. This includes developing motors for specific applications such as electric vehicles, industrial automation, renewable energy, and consumer electronics. By offering a wide range of products, companies can attract a broader customer base. In addition, companies are expanding their distribution networks domestically and internationally to tap into new markets and increase their customer base. By establishing manufacturing units and sales offices in strategic locations, they can reduce logistical costs and improve product availability. Forming strategic partnerships with other companies, research institutions, and technology providers helps in the development of innovative solutions and expands market reach. Collaborations can lead to joint ventures and co-development of new technologies, benefiting all parties involved.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.