Global Permanent Magnet Motor Market Would Reach $45.3 Billion by 2020; Finds New Report
According to new report "Global Permanent Magnet Motor Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020", the Global Permanent Magnet Motor Market would reach $45.3 billion by 2020, registering a CAGR of 11.7% during the forecast period 2014 - 2020. The global demand for rare earth (RE) magnet materials, in 2012, accounted for 21% of all rare earth materials available. Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as...
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