Industrial Trends Around Magnet Motors and Future Predictions

The use of magnets in motor remains a main pillar of the mechanical industry as a whole, and despite the relatively slow evolution of the designs in this area, we’re seeing some active progress year after year in terms of improving the performance of devices and making them more easily available to a wide range of customers. The market is in a good state right now, with various companies reporting strong results in recent times, while on the other side of the pond – research and development – some new trends like custom magnets have cropped up that have drawn some interest to the field.

Recent Trends in the Market

The market for magnet motors is growing at a rapid rate, especially in some countries that put a stronger emphasis on mechanical engineering and manufacturing. Improvements in the common design have been somewhat slow in recent years, but there is some noticeable progress with regards to things like size, efficiency and the presence of certain models in different segments of the market. Magnet manufacturers like Neo and Ugimag continue to see growth in their market presence, and this trend is predicted to last in the near future as well. The exact rate of the growth is of course difficult to predict, but estimates of around 5% have been proposed lately that don’t seem too unrealistic.

Permanent Magnets

More and more is being said about permanent magnets and their application in the field, and while some of those predictions seem to border on science fiction, according to certain experts, the value of permanent magnets is hard to doubt. At the same time, switched-reluctance motors have been gaining some popularity as well, with some predicting that they are eventually going to find their own stable place in the market in comparison with permanent magnet machines. Developments in this field have been coming in at a steady pace, but there is still some time to go before we have any actual results on the expected differences.

What’s Coming in the Next 5 Years?

Predictions for the magnet market for the next five years have been varying across the board, but many see the potential for growth over that time. The value of motor magnets will rise particularly noticeably in areas like the United States, where the market is already in a highly developed state. Europe is also set to see a strong rise in the value of its own relevant market, if predictions are to be trusted. Naturally, Germany and France will be in the leading positions if this turns out to be true, with many other countries following up with their own developments in the field.

Magnets are clearly going to remain a critical part of the industrial sector for the next 5-10 years, and the trends with regards to specific countries should not change in any unpredictable ways. Most of the currently established manufacturers should see their positions solidifying, although it’s also possible that new players may arrive to the market as the industry continues to grow.