Permanent Magnet Motor Market, By Motor Type (Direct Current Motor and Alternating Current Motor), By Magnetic Material Type, By Vertical, By Geography

Description

The Global Permanent Magnet Motor Market is estimated to be valued at US$ 49.05 Bn in 2024 and is expected to reach US$ 96.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 49.05 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	10.10%	2031 Value Projection:	US$ 96.34 Bn

Figure. Permanent Magnet Motor Market Share (%), By Region 2024

The global permanent magnet motor market has been witnessing significant growth in recent years due to growing demand for energy-efficient equipment across various industrial sectors. Permanent magnet motors provide higher efficiency compared to traditional induction motors and synchronous reluctance motors. Advantages like compact size, light weight, high torque to weight ratio and lower running costs have made permanent magnet motors a preferred choice for applications ranging from HVAC, manufacturing to automotive. Major players are focusing on development of innovative motor designs with improved magnet materials to achieve higher power densities and efficiencies. The rising stringency of energy efficiency standards globally is expected to further propel the demand for permanent magnet motors.

Market Dynamics:

The global permanent magnet motor market growth is driven by factors such as growing industrial automation, stringent regulations regarding energy efficiency and increasing adoption of electric vehicles. Rapid industrialization across developing nations has fueled the demand for industrial equipment which utilize permanent magnet motors for applications like fans, pumps and conveyors due to their compact design and energy savings. However, high initial costs and supply risks of rare earth materials used in magnets pose challenges to market growth. Adoption of permanent magnet synchronous motors in areas dominated by induction motors is expected to create new opportunities during the forecast period. Ongoing R&D towards development of hybrid motors combining advantages of different motor types is gaining traction.

Key features of the study:

This report provides in-depth analysis of the global permanent magnet motor market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global permanent magnet motor market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include ABB Ltd., Ametek, Inc., Danfoss A/S, General Electric Company, Hitachi, Ltd., Hyosung Heavy Industries, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, Nidec Corporation, Regal Beloit Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation, and WEG S.A.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global permanent magnet motor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global permanent magnet motor market.

Detailed Segmentation:

By Motor Type
- Direct Current (DC) Motor
- Alternating Current (AC) Motor
By Magnetic Material Type
- Ferrite
- Neodymium
- Samarium Cobalt
- Others
By Vertical
- Automotive
- General Industrial
- Energy
- Water and Wastewater Treatment
- Mining
- Oil and Gas
- Aerospace and Defense
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- ABB Ltd.
- Ametek, Inc.
- Danfoss A/S
- General Electric Company
- Hitachi, Ltd.
- Hyosung Heavy Industries
- Johnson Electric Holdings Limited
- Mitsubishi Electric Corporation
- Nidec Corporation
- Regal Beloit Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- WEG S.A.

Product Code: CMI5164

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Motor Type
- Market Snippet, By Magnetic Material Type
- Market Snippet, By Vertical
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Permanent Magnet Motor Market, By Motor Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Direct Current (DC) Motor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Alternating Current (AC) Motor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Permanent Magnet Motor Market, By Magnetic Material Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Ferrite
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Neodymium
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Samarium Cobalt
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Permanent Magnet Motor Market, By Vertical, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
General Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Energy
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Water and Wastewater Treatment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Mining
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Oil and Gas
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Aerospace and Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Permanent Magnet Motor Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Motor Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Magnetic Material Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vertical, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Motor Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Magnetic Material Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vertical, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Motor Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Magnetic Material Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vertical, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Motor Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Magnetic Material Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vertical, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Motor Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Magnetic Material Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vertical, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East &Africa

8. Competitive Landscape

Company Profiles
- ABB Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ametek, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Danfoss A/S
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hitachi, Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hyosung Heavy Industries
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Johnson Electric Holdings Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mitsubishi Electric Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Nidec Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Regal Beloit Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rockwell Automation, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schneider Electric SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Siemens AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toshiba Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- WEG S.A.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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