Global IE4 Permanent Magnet Synchronous Motors Market, By Product (<20 kW, 20–200 kW, >200 kW), By Application (Material Handling, Liquid Pumps, Fans & Ventilation, Cooling Compressors, Air Compressors & Vacuum Pumps, Blowers, Coolers), and opportunities and forecast 2020-2027

IE4 Permanent Magnet Synchronous Motors Market Overview

IE4 permanent magnet synchronous motors are used to minimize the consumption of energy and lessen CO2 emissions. These motors are also used to boost the usage of industrial compressors, pumps, fans, and several other mechanical applications. The global IE4 Permanent Magnet Synchronous Motors market is expected to grow at a significant rate in the forecast period.
 
In a variety of robotic procedures, IE4 motors are used. Control, torque needs, acceleration, angular movements, and speed make IE4 motors an excellent choice for robotic system designers. This key fact supports the development of the global IE4 Permanent Magnet Synchronous Motors market.
 
Green technology is being more widely adopted around the world. High-quality insulation and lamination, as well as low fan losses, are two advantages of energy-efficient IE4 motors over ordinary motors. Such considerations have a major and visible impact on the expanding demand for energy-efficient IE4 motors in a variety of end-use sectors. Eventually, it propels the growth of the IE4 Permanent Magnet Synchronous Motors market. Also, the implementation of stringent environmental standards and rules are escalating the growth of the market.
 
Furthermore, end-users of energy-efficient and high-performing IE4 motors include ventilation, HVAC, material handling systems, refrigerators, compressed air, and pumps, which are propelling the growth of the global IE4 Permanent Magnet Synchronous Motors market. Furthermore, substantial demand for IE4 motors is expected in the wind power and blower sectors in the next years.
 
On the downside, there is a growing preference for the installation of IE2 motors by many domestic manufacturers, due to domestic production constraints, these manufacturers may not be able to adapt IE4 motors. This key fact may hamper the growth of the global IE4 Permanent Magnet Synchronous Motors market.

Covid-19 Impact on IE4 Permanent Magnet Synchronous Motors Market

The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
 
IE4 Permanent Magnet Synchronous Motors Market Segment Overview



Based on Product, the 20–200 kW segment held the largest share in the global IE4 Permanent Magnet Synchronous Motors Market. This is mainly due to an increase in demand for energy-efficient conveyor systems in the manufacturing and automotive industries. Furthermore, according to the application, the Air Compressors & Vacuum Pumps is the most prominent segment in the market. This is because of the increase in demand for compressors systems in the manufacturing and automotive industries.
 
IE4 Permanent Magnet Synchronous Motors Market, By Product
 
·       <20 kW
·       20–200 kW
·       >200 kW
 
IE4 Permanent Magnet Synchronous Motors Market, By Application

·       Material Handling
·       Liquid Pumps
·       Fans & Ventilation
·       Cooling Compressors
·       Air Compressors & Vacuum Pumps
·       Blowers
·       Coolers

IE4 Permanent Magnet Synchronous Motors Market Regional Overview

In terms of geography, Asia-Pacific accounted for the highest share in the IE4 Permanent Magnet Synchronous Motors market and is estimated to continue with its dominant position in the forecast period. This is primarily attributed to industrial growth in developing countries such as India and China. In the market for IE4 permanent magnet synchronous motors, China is a market leader. As a result, the Asia-Pacific countries have the biggest market share for IE4 permanent magnet synchronous motors.
 
IE4 Permanent Magnet Synchronous Motors Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
IE4 Permanent Magnet Synchronous Motors Market, Key Players

·       Fuji Electric Co., Ltd.
·       Kienle + Spiess GmbH
·       ABB
·       Anhui Wannan Electric Machine Co., Ltd.
·       Toshiba Corporation
·       Motori Elettrici s.r.l.
·       Altra Industrial Motion Corp
·       Bharat Bijlee
·       CG global
·       Danfoss
·       Hitachi Ltd.
·       Kaeser Kompressoren
·       KSB SE & Co. KGaA
· Lafert
· Merkes GmbH