Permanent Magnet Motor Market Size Worth USD 130.08 Billion by 2034 | CAGR: 9.5%

The global permanent magnet motor market size is expected to reach USD 130.08 billion by 2034, according to a new study by Polaris Market Research. The report “Permanent Magnet Motor Market Size, Share, Trends & Industry Analysis Report: By Type (Permanent Magnet AC Motor, Permanent Magnet DC Motor, and Brushless DC Motor), By Power Rating, By End Use, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The permanent magnet motor industry focuses on the development, production, and sale of electric motors that use permanent magnets to generate a magnetic field. Unlike traditional motors that rely solely on electrical currents to create this field, permanent magnet motors leverage the constant magnetic properties of materials like rare-earth elements. This design results in superior energy efficiency, higher power density, and a more compact form factor, making them highly desirable across a wide range of applications.

Overall, the permanent magnet motor industry is experiencing robust growth driven by a global shift towards energy-efficient technologies and increasing demand for electric mobility. These motors are becoming essential components in electric vehicles, industrial automation, robotics, and various consumer appliances due to their ability to deliver high performance while consuming less energy. Continuous innovation in magnet materials and motor control systems further enhances their appeal, leading to broader adoption across diverse sectors aiming for higher operational efficiency and reduced environmental impact.

Have Questions? Request a sample or make an inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/permanent-magnet-motor-market/request-for-sample

Permanent Magnet Motor Market Report Highlights:

• By type, the permanent magnet AC motor held the largest share in 2024 due to its widespread adoption across various applications that demand high efficiency, precise control, and robust performance.
• By power rating, the segment for motors with power ratings up to 25 KW held the largest share in 2024 the industry because these smaller motors are essential components in a vast array of everyday consumer appliances, light industrial machinery, and small-scale automation.
• By end use industry, the industrial sector held the largest share in 2024 for permanent magnet motors, largely due to the increasing need for highly efficient and reliable motors in factory automation, robotics, and various industrial equipment.
• By region, Asia Pacific held the largest share in 2024 in the permanent magnet motor industry. This is primarily attributed to rapid industrialization, substantial investments in electric vehicle manufacturing, and significant developments in renewable energy projects across countries like China, Japan, and India. North America is a significant region in the permanent magnet motor industry, driven by robust industrial growth, increasing adoption of electric vehicles, and a strong focus on energy-efficient solutions.
• Key players in the market include ABB Ltd., Siemens AG, NIDEC CORPORATION, Wolong Electric Group Co. Ltd., WEG S.A., Toshiba Corporation, Rockwell Automation, Inc., Johnson Electric Holdings Limited, Yaskawa Electric Corporation, and Allied Motion Technologies Inc.

Polaris Market Research has segmented the Permanent Magnet Motor market report based on type, power rating, end use, and region:

By Type Outlook (Revenue – USD Billion, 2020–2034)

• Permanent Magnet AC Motor
• Permanent Magnet DC Motor
• Brushless DC Motor

By Power Rating Outlook (Revenue – USD Billion, 2020–2034)

• Upto 25KW
• 25-100 KW
• 100-300KW
• 300KW & Above

By End Use Industry Outlook (Revenue – USD Billion, 2020–2034)

• Industrial
• Commercial & Residential
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia-Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America