Compact performance meets affordability in an environmentally friendly permanent magnet
Alternative to Rare Earth Magnets for Power Tools
Magnets put the “power” in power tools and are at the heart of the motors that drive construction professionals and hobbyists alike. However, for tool manufacturers, permanent magnet options have always been limited. Neodymium rare earth magnets come at a premium price to achieve compact, lightweight, and battery efficient designs. Ferrite offers a low cost but creates limitations on performance while making designs heavier and bulkier. Designers and contractors have been forced to choose between extremes.
Between 2020 and 2030, power tool consumption is expected to nearly double. Price and performance pressures are increasing in tandem. Environmental sustainability is entering conversations where it previously wasn’t a consideration. For rare earth magnets, geopolitical risk and supply competition from electric vehicles and wind turbines threatens shortages and promises cost increases. Today, the industry is challenged to find an innovative material that is low cost, environmentally sustainable, and has a stable procurement outlook.
Power Tools Applications
Drills
Saws
Sanders
Lawn & garden
Other rotary applications