Market Analysis of Rare Earth Permanent Magnet Motor of 2014

One of Leading China Magnet Manufacturers – China Rare Earth Magnet Limited

Brushless DC motors are the products combining modern material science, electric power science and motor controlling theory. Rare earth PM motors are using magnet filed that produced by neodymium permanent magnets materials to replace magnet field produced by excitation current of traditional motors, make PM motors simplified, reliable, small, light, and efficient, with low energy consumption. Because of various appearance and size, NdFeB motors have fast development.

Development and application of rare earth permanent magnet synchronous motors expands the application of diversified sectors of PM synchronous motors, with its salient features of light type, high performance, high efficiency and energy conservation. High-performance neodymium iron boron magnets are the basis of new technology and high-tech industry. It combines with power electronics technology and microelectronic controlling technology, which can manufacture all kinds of electromechanical products with high performance, such as NC machines, machining centers, flexible production lines, robots, electric mobile, high-property household appliances, and computers and so on.

Development and application of NdFeB permanent magnet motors enter new level, with improvement of heat stability and decay resistance and decline of price and enhancement of technology of electric power and electric device. It gradually broadens new areas of high power, high property and mini type.

Neodymium magnets develop rapidly domestically, with rich sources of rare earth, improving quality and declining cost of permanent magnetic material, which is the fundamental of manufacturing PM motors with great power, giving us competitive edge both in domestic and international market.

In January to May in 2014, industrial output value of permanent magnet motor industry has reached 15.562 billion, rising 24.2% year on year. In 2013, industrial output value of motor industry had reached 28.86 billion, rising 17.2% year on year.

After China joins WTO, among domestic various industries, neodymium PM motor industry is strongly impacted by imported products. In 2014-2018, brand structures of sintered NdFeB magnets will possibly have a big adjustment. Sales of foreign brands will gradually fall off, while sales of domestic brands will rise steadily. Now, it is a special developing period of PM motors. With promotion of first-line brands, brand concentration will be higher and higher. But if the third or fourth-line brands don’t pay much attention to the terminal image and improvement of self brand, they will fade away gradually from the production stage.

On the other hand, homemade neo permanent magnet motors have some obvious advantages in some other aspects. Due to the long period of imported NIB PM motors, homemade ones are much more flexible. And besides duty and freight cost, homemade motors have superior advantages.

According to Report of China Rare Earth PM Motor Industry 2014-2018, the ability of market adapting is becoming stronger and stronger. We have the advantages of low cost of labor force and skilled worker. With the development of rare earth magnet, we now already have industrial supporting ability, excellent service level and stable industrial environment. All these are favored by the international buyers, which are irresistible advantages. Meanwhile, enterprises of permanent magnet will expand export, increase market share. This industry is becoming mature.

China Rare Earth Magnet Limited
Tags: Permanent Magnet, Rare Earth Magnet, Motor Magnet, Neodymium Magnet