Permanent Magnet Motor Market

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Global Permanent Magnet Motor Market Research Report – Segmented By Product (Brushless DC Motors, Permanent Magnet Synchronous Motors, Brushless AC Motors, Ferrite Permanent Magnet Motors) and by Application (Automotive, Industrial, Consumer Electronics, Energy, Aerospace & Defense, Others); and Region - Size, Share, Growth Analysis | Forecast (2024 – 2030)

Published: 2024 - Oct

Report Code: VMR-291

Region: Global

Historic Range: 2021-2023

Forecast: 2024-2030

Format: Excel and PDF

Chapter 1. Report Scope & Methodology

Market Segmentation

1.1 Scope, Assumptions & Limitations
1.2 Research Methodology
1.3 Primary Sources
1.4 Secondary Sources

Chapter 2. Executive Summary

Market Segmentation

2.1 Market Size & Forecast – (2024 – 2030) ($M/$Bn)
2.2 Key Trends & Insights
2.2.1 Demand Side
2.2.2 Supply Side
2.3 Attractive Investment Propositions
2.4 COVID-19 Impact Analysis

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FAQ's

The Global Permanent Magnet Motor Market was valued at USD 40.8 billion in 2023 and is expected to reach USD 79.5 billion by 2030, growing at a CAGR of 10% from 2024 to 2030.

Key drivers include rising demand for energy-efficient motors, growing adoption in electric vehicles (EVs), and the expansion of industrial automation and robotics.

The market is segmented by product (Brushless DC Motors, Permanent Magnet Synchronous Motors, Brushless AC Motors, Ferrite Permanent Magnet Motors) and by application (Automotive, Industrial, Consumer Electronics, Energy, Aerospace & Defense, Others).

The Asia-Pacific region is the most dominant, accounting for over 40% of the market share due to rapid industrialization and the growth of the automotive sector.

Leading players include ABB Ltd., Siemens AG, Nidec Corporation, Toshiba Corporation, Johnson Electric Holdings Limited, and Yaskawa Electric Corporation.

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