IE4 Permanent Magnet Synchronous Motors Market Growth, Share, Size, Trends & Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a 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 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.

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 are IE4 Permanent Magnet Synchronous Motors?

IE4 permanent magnet synchronous motors belong to the premium efficiency class of motors and operate by utilizing permanent magnets as rotors to generate field poles. They are specifically designed with three phases, resulting in low eddy current losses and high inherent efficiency. IE4 permanent magnet synchronous motors find widespread usage in the manufacturing of electrical equipment aimed at minimizing resource consumption while maximizing output. They contribute to enhanced cost efficiency and help in reducing the manual effort required to carry out several tasks. IE4 permanent magnet synchronous motors also provide benefits, such as higher torque and power density, improved performance and reliability, reduced noise levels, low rotor inertia, efficient heat dissipation, and excellent power factor across all loads. Consequently, they are extensively employed in robotics, machine tools, actuators, industrial fans, pumps, compressors, and various mechanical applications across the globe.

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What are the growth prospects and trends in the IE4 permanent magnet synchronous motors industry?

The IE4 permanent magnet synchronous motors market is primarily driven by the growing consumer environmental concerns. Moreover, the rising need for superior machine control is acting as another significant growth-inducing factor. Apart from this, the increasing adoption of these motors in material handling equipment, compressed air systems, HVAC systems, refrigerators, pumps, ventilation systems, etc., is positively influencing the global market. Additionally, the shifting preferences among individuals towards green technologies, which offer numerous advantages, such as low fan losses, high-quality insulation, superior lamination, etc., and the launch of favorable policies by government bodies to reduce the depletion of power generation sources are expected to augment the IE4 permanent magnet synchronous motors market over the forecasted period.

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

Market Breakup by Region:

• 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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