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

Description

List of Tables

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.

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

Canada

Europe

Germany

France

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

Product Code: PM5862

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Permanent Magnet Motor Market Insights

4.1. Permanent Magnet Motor Market - Market Snapshot
4.2. Permanent Magnet Motor Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Adoption of Electric Vehicles
  - 4.2.1.2. Increasing Focus on Energy Efficiency and Stricter Regulations
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Volatile prices and limited availability of rare earth materials
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Permanent Magnet Motor Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Permanent Magnet Motor Market, by Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
5.3. Permanent Magnet AC Motor
- 5.3.1. Global Permanent Magnet Motor Market, by Permanent Magnet AC Motor, by Region, 2020-2034 (USD Billion)
5.4. Permanent Magnet DC Motor
- 5.4.1. Global Permanent Magnet Motor Market, by Permanent Magnet DC Motor, by Region, 2020-2034 (USD Billion)
5.5. Brushless DC Motor
- 5.5.1. Global Permanent Magnet Motor Market, by Brushless DC Motor, by Region, 2020-2034 (USD Billion)

6. Global Permanent Magnet Motor Market, by Power Rating

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
6.3. Upto 25KW
- 6.3.1. Global Permanent Magnet Motor Market, by Upto 25KW, by Region, 2020-2034 (USD Billion)
6.4. 25-100 KW
- 6.4.1. Global Permanent Magnet Motor Market, by 25-100 KW, by Region, 2020-2034 (USD Billion)
6.5. 100-300KW
- 6.5.1. Global Permanent Magnet Motor Market, by 100-300KW, by Region, 2020-2034 (USD Billion)
6.6. 300KW & Above
- 6.6.1. Global Permanent Magnet Motor Market, by 300KW & Above, by Region, 2020-2034 (USD Billion)

7. Global Permanent Magnet Motor Market, by End Use

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
7.3. Industrial
- 7.3.1. Global Permanent Magnet Motor Market, by Industrial, by Region, 2020-2034 (USD Billion)
7.4. Commercial & Residential
- 7.4.1. Global Permanent Magnet Motor Market, by Commercial & Residential, by Region, 2020-2034 (USD Billion)
7.5. Others
- 7.5.1. Global Permanent Magnet Motor Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Permanent Magnet Motor Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Permanent Magnet Motor Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Permanent Magnet Motor Market - North America
- 8.3.1. North America: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
- 8.3.3. North America: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.3.4. Permanent Magnet Motor Market - U.S.
  - 8.3.4.1. U.S.: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.3.5. Permanent Magnet Motor Market - Canada
  - 8.3.5.1. Canada: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
8.4. Permanent Magnet Motor Market - Europe
- 8.4.1. Europe: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
- 8.4.3. Europe: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.4. Permanent Magnet Motor Market - UK
  - 8.4.4.1. UK: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.5. Permanent Magnet Motor Market - France
  - 8.4.5.1. France: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.6. Permanent Magnet Motor Market - Germany
  - 8.4.6.1. Germany: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.7. Permanent Magnet Motor Market - Italy
  - 8.4.7.1. Italy: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.8. Permanent Magnet Motor Market - Spain
  - 8.4.8.1. Spain: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.9. Permanent Magnet Motor Market - Netherlands
  - 8.4.9.1. Netherlands: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.10. Permanent Magnet Motor Market - Russia
  - 8.4.10.1. Russia: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.4.11. Permanent Magnet Motor Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
8.5. Permanent Magnet Motor Market - Asia Pacific
- 8.5.1. Asia Pacific: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.4. Permanent Magnet Motor Market - China
  - 8.5.4.1. China: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.5. Permanent Magnet Motor Market - India
  - 8.5.5.1. India: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.6. Permanent Magnet Motor Market - Malaysia
  - 8.5.6.1. Malaysia: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.7. Permanent Magnet Motor Market - Japan
  - 8.5.7.1. Japan: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.8. Permanent Magnet Motor Market - Indonesia
  - 8.5.8.1. Indonesia: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.9. Permanent Magnet Motor Market - South Korea
  - 8.5.9.1. South Korea: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.10. Permanent Magnet Motor Market - Australia
  - 8.5.10.1. Australia: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.5.11. Permanent Magnet Motor Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
8.6. Permanent Magnet Motor Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.6.4. Permanent Magnet Motor Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.6.5. Permanent Magnet Motor Market - UAE
  - 8.6.5.1. UAE: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.6.6. Permanent Magnet Motor Market - Israel
  - 8.6.6.1. Israel: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.6.7. Permanent Magnet Motor Market - South Africa
  - 8.6.7.1. South Africa: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.6.8. Permanent Magnet Motor Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
8.7. Permanent Magnet Motor Market - Latin America
- 8.7.1. Latin America: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.7.4. Permanent Magnet Motor Market - Mexico
  - 8.7.4.1. Mexico: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.7.5. Permanent Magnet Motor Market - Brazil
  - 8.7.5.1. Brazil: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.7.6. Permanent Magnet Motor Market - Argentina
  - 8.7.6.1. Argentina: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)
- 8.7.7. Permanent Magnet Motor Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Permanent Magnet Motor Market, by Type, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Permanent Magnet Motor Market, by Power Rating, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Permanent Magnet Motor Market, by End Use, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. ABB Ltd.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Allied Motion Technologies Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Johnson Electric Holdings Limited
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. NIDEC CORPORATION
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Rockwell Automation, Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Siemens AG
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Toshiba Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. WEG S.A.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Wolong Electric Group Co. Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Yaskawa Electric Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development