Permanent Magnet Motor Market Permanent magnet motor market forecast, 2016-2024 | Page 5

“
5
BLDC motors, also called as Permanent
Magnet DC Synchronous motors are one of
the motor types that have rapidly gained
popularity, mainly because of their better
characteristics and performance. These
motors are used in a lot of industrial
sectors because their architecture is
suitable
for
any
safety-critical
applications. Increasing industrialization
is a major driver of the PM motor market.
However, uncertainty regarding the
availability of rare earth elements (REE)
might influence the market growth”