Permanent Magnet Motor Market Growth Expected to Hit USD 130.08 Billion by 2034

The latest business intelligence report released by Polaris Market Research on 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, End Use, and By Region – Market Forecast, 2025–2034. It covers the in-depth knowledge of the Permanent Magnet Motor Market Share that includes opportunities, growth factors, and challenges. The research analysts prepared the report after an in-detail study of the market and provided exact and accurate data. It offers segmentation, dynamics, competitive analysis, geographical overview, and several major aspects. The report analytically studies the factors affecting the Permanent Magnet Motor market size on the basis of micro and macroeconomics. The recent development influencing the industry are also covered in the report.

The latest research offers a study of market strategies performed by industry players to help emerging players in the industry and shareholders to conceive beneficial business strategies. The author also covers the Permanent Magnet Motor market trends and industry’s status from the reader’s viewpoint. Further, it covers the company information of each industry player, product information, capacity, price, profit, and more. Also, futuristic and historical data are covered in the report. The constraints of the market are described in the report, which provides information regarding the details due to which the industry can get dissimilated and hampered.

Global Permanent Magnet Motor Market size and share is currently valued at USD 52.61 billion in 2024 and is anticipated to generate an estimated revenue of USD 130.08 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 9.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

The crucial points covered in the Report

  • Market definition of the Permanent Magnet Motor market with the examination of various influencing factors such as drivers, restraints, and opportunities
  • Comprehensive research on the competitive landscape of the industry
  • Recognition and investigation of micro and macro factors that are and will influence the growth of the market
  • A detailed list of leading market players operating in the global market
  • Analysis of the various market segments, including size, applications, type, and end-users
  • It provides an in-depth analysis of demand-supply chaining in the industry
  • Statistical analysis of some crucial economic facts
  • Charts, figures, graphs, and pictures to outline the market clearly

Browse Full Insights:

https://www.polarismarketresearch.com/industry-analysis/permanent-magnet-motor-market

Segmental Analysis

The leading and emerging players can use the report to obtain reliable knowledge of the latest trends of crucial segments of the market. The report differentiates the analysis of application and product type segments. Each and every aspect of the segment is covered in the report to conclude the clear analysis of the market growth, growth rate, growth drivers, future growth potential, and other crucial factors.

Top Players:

  • ABB Ltd.
  • Allied Motion Technologies Inc.
  • Johnson Electric Holdings Limited
  • NIDEC CORPORATION
  • Rockwell Automation, Inc.
  • Siemens AG
  • Toshiba Corporation
  • WEG S.A.
  • Wolong Electric Group Co. Ltd.
  • Yaskawa Electric Corporation

Market Segmentation:
The Permanent Magnet Motor Market is segmented based on type, application, power rating, and region. By type, it includes surface-mounted permanent magnet motors and interior permanent magnet motors. Surface-mounted motors are widely used in consumer appliances and HVAC systems, while interior permanent magnet motors are preferred in electric vehicles and industrial machinery due to higher efficiency and torque control. By application, the market covers automotive, industrial machinery, consumer electronics, HVAC, aerospace & defense, and renewable energy. The automotive segment dominates due to EV growth, while industrial automation remains a key contributor. By power rating, segmentation includes fractional horsepower and integral horsepower motors. Fractional horsepower motors are common in home appliances, whereas integral horsepower motors are used in industrial and transportation sectors. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific leads the market due to strong EV production in China, Japan, and South Korea, along with rapid industrialization. Europe follows with significant investments in EV infrastructure and renewable energy. North America emphasizes high-efficiency industrial motor adoption. End-users include OEMs, industrial plants, automotive manufacturers, and commercial building operators. The market is also segmented by motor configuration such as AC and DC permanent magnet motors. Distribution channels include direct OEM supply, system integrators, and aftermarket sales. Technological segmentation considers smart motors integrated with IoT monitoring systems. Regional segmentation reflects regulatory frameworks and rare earth material availability. Customized motors designed for specialized industrial applications form niche segments.

Regions Covered in This Report

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

The examination focuses on the volume and value at the worldwide, regional, and company levels. On the basis of worldwide outlook, this study represents the in-depth Permanent Magnet Motor market size by examining historical figures and predicted prospects. Based on regions, the report focuses on various key regions. The study offers perceptive information, including import & export ratio, demand and supply, production & consumption ratio, and demand trends in every region. Further, the study offers a country-wide inspection of the segments and sub-segments of the market.

Reasons to buy this Report

  • To get current and future industry outlook in the developed and appearing markets.
  • To analyze the segment that is anticipated to dominate the industry and the segment that held the highest CAGR during the assessment period.
  • To know the regions/countries that are predicted to witness the fastest growth rates during the foreseen period.
  • To explore the latest developments, Permanent Magnet Motor market shares, and strategies that are employed by the major market players.

Research Framework

The research procedure includes the collection of facts and figures by the author only to have them studied and filtered completely in an attempt to provide considerable predictions about the industry over the review period. The study investigated on both a secondary and primary basis.

The secondary is based on industry body databases and trade journals, and the primary research is based on surveys and interviews. The examination includes several issues influencing the market. It includes opportunities, barriers, market risks, trends, technological developments, and government policies. Also, publicly available sources are also used by the analyst, including white papers and annual reports.

Overall, the market report is an authentic source for analysts, managers, and executives from the market to better analyze industry scenarios from a third-party research outlook. Expedient industry insights aim to bridge the gap between businesses and end customers to better elaborate producers with trends, limits, benefits, and industry growth rates. SWOT and PESTEL analysis are also included in the industry report in line with speculation attainability inspection and venture return examination.

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