Report Overview
The Permanent Magnet Motor Market is expected to grow from USD 54.7 billion in 2025 to USD 82.5 billion in 2030, at a CAGR of 8.6%.
Permanent magnet motors are in high demand due to their efficiency and throughput. These motors have many uses, from massive PM synchronous motors for ship propulsion to stepping motors for wristwatches and industrial motors for machine tools. Further, electric cars are predicted to accelerate market growth over the forecast period. Global demand is also anticipated to increase as top automakers increasingly incorporate permanent magnet motors into EVs, fueling the market's expansion throughout the projected period. The rising demand for HVAC units is also projected to impact the market positively.
Permanent Magnet Motor Market Growth Drivers:
The Potential of Permanent Magnet Motors
There is an increase in the industrial demand for motors that promise energy efficiency, especially in automotive, which is simultaneously driving permanent magnet motors adoption. These motors are very effective and can deliver a lot of power and torque in a small package. They are also easily connected with batteries due to their widespread use in numerous applications. They are beneficial in numerous new sectors and applications because of their tiny size and battery-operable nature, including drones, regenerative brakes, power tools, etc. Further, permanent magnet motors are used in many different automotive parts, such as windows, blowers for air conditioning and heaters, drives, and discs for personal computers, and small power rating devices like toys and miniature robots.
Increasing Investments in the Market
The market growth is anticipated to be aided by the rising permanent magnet direct current motor deployment in electric vehicles and rising investments from key companies like Tesla Motors. Further, the market is experiencing many changes as nations seek to use electric vehicles more due to a growing emphasis on a sustainable future.
Increasing Utilization in Robot Manufacturing
The permanent magnet motor also forms a major role in robot manufacturing. With the growing industrial automation in China, robotics installation has shown a significant increase in the country, which is expected to further propel the market demand for permanent magnet motors.
Permanent Magnet Motor Market Geographical Outlook:
Asia Pacific region is expected to grow significantly.
The bolstering growth observed across end-user industries, coupled with favourable government initiatives to enhance rare earth magnet mining, has provided a positive outlook on the demand for permanent magnet motors. The booming electric vehicle adoption in China has also been driving the permanent magnet motor demand in the country as they are used in EV traction drive systems.
Permanent Magnet Motor Market Players:
Toshiba Corporation provides a varied portfolio of Permanent Magnet motors designed to suit commercial and industrial applications. The company aims to build energy-saving motors that offer high operational efficiency and thus focuses on product innovations and launches to improve its market name.
Permanent Magnet Motor Market Scope:
| Report Metric | Details |
|---|---|
| Total Market Size in 2025 | USD 54.7 billion |
| Total Market Size in 2030 | USD 82.5 billion |
| Forecast Unit | Billion |
| Growth Rate | 8.6% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Motor Type, Magnet Type, Industry Vertical, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
|
Market Segmentation
By Motor Type
By Magnet Type
By Industry Vertical
By Geography
Table of Contents
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. PERMANENT MAGNET MOTOR MARKET BY MOTOR TYPE
5.1. Introduction
5.2. Direct Current Motor
5.3. Alternating Current Motor
5.4. Others
6. PERMANENT MAGNET MOTOR MARKET BY MAGNET TYPE
6.1. Introduction
6.2. Ferrite
6.3. Neodymium
6.4. Samarium Cobalt
7. PERMANENT MAGNET MOTOR MARKET BY INDUSTRY VERTICAL
7.1. Introduction
7.2. Consumer Electronics
7.3. Manufacturing
7.4. Energy
7.5. Automotive
7.6. Others
8. PERMANENT MAGNET MOTOR MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Others
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. UAE
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Taiwam
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Siemens AG
10.2. ABB
10.3. Rockwell Automation, Inc.
10.4. Franklin Electric Co., Inc.
10.5. Toshiba Corporation
10.6. Allied Motion Technologies Inc.
10.7. Johnson Controls
10.8. General Electric
10.9. Nidec Corporation
10.10. WEG S.A.
10.11. AMETEK, Inc.
11. APPENDIX
11.1. Currency
11.2. Assumptions
11.3. Base and Forecast Years Timeline
11.4. Key benefits for the stakeholders
11.5. Research Methodology
11.6. Abbreviations
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Permanent Magnet Motor Market Report
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