PUBLISHER: The Business Research Company | PRODUCT CODE: 1931799
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931799
A permanent magnet motor is an electric motor that employs permanent magnets to generate a magnetic field, thereby removing the need for an external excitation current. It typically features a rotor with permanent magnets and a stator equipped with windings. These motors are appreciated for their efficiency, compact design, and reliability, making them ideal for a range of applications, from household appliances to sophisticated automotive systems.
Permanent magnet motors come in several main types include permanent magnet alternating current (PMAC) motors, permanent magnet direct current (PMDC) motors, and brushless direct current (DC) motors. Permanent magnet AC motors, also known as permanent magnet synchronous motors (PMSMs), utilize permanent magnets in the rotor to produce a steady magnetic field. They are available in various power ratings, including up to 25 kW, 25-100 kW, 100-300 kW, 300 kW, and above. These motors find applications in automotive, industrial, consumer electronics, aerospace and defense, energy and power generation, and healthcare sectors, serving a range of end users in industrial, commercial, and residential contexts.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have affected the permanent magnet motor market by increasing costs of rare earth materials, electronic controllers, and motor components. Automotive and industrial motor segments are most impacted, particularly in asia pacific supply chains. Rising production costs have influenced pricing strategies. At the same time, tariffs are driving investments in alternative magnet materials and local motor manufacturing.
The permanent magnet motor market research report is one of a series of new reports from The Business Research Company that provides permanent magnet motor market statistics, including permanent magnet motor industry global market size, regional shares, competitors with a permanent magnet motor market share, detailed permanent magnet motor market segments, market trends, and opportunities, and any further data you may need to thrive in the permanent magnet motor industry. This permanent magnet motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The permanent magnet motor market size has grown rapidly in recent years. It will grow from $49.95 billion in 2025 to $54.97 billion in 2026 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to industrial automation growth, appliance electrification, efficiency regulations, manufacturing modernization, demand for compact motors.
The permanent magnet motor market size is expected to see strong growth in the next few years. It will grow to $79.67 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to electric vehicle production growth, renewable energy deployment, robotics adoption, energy efficiency mandates, smart manufacturing expansion. Major trends in the forecast period include adoption of high efficiency motor designs, expansion of brushless dc motor usage, miniaturization of motor components, integration with smart motor controllers, rising demand for compact high power motors.
The rising adoption of electric vehicles is expected to drive the growth of the permanent magnet motor market in the coming years. Electric vehicles are powered fully or partially by electricity stored in rechargeable batteries rather than conventional internal combustion engines. Growth in this sector is fueled by increasing environmental awareness, government incentives, advancements in battery technology, and growing consumer demand for sustainable transportation. Permanent magnet motors are key components in electric vehicles, offering high efficiency, compact design, and low maintenance, which contribute to improved overall vehicle performance. For example, in January 2024, the U.S. Department of Energy reported that plug-in electric vehicles accounted for 9.8% of all light-duty vehicle sales in December 2023, up from 7.8% in December 2022, with plug-in vehicles consistently comprising at least 8% of monthly sales throughout 2023, compared to 5.5-7.8% in 2022. Therefore, the increasing adoption of electric vehicles is propelling the permanent magnet motor market.
The permanent magnet motor market is trending toward innovations such as brushed permanent magnet DC (PMDC) motors, which enhance efficiency, durability, and energy performance across diverse applications, including automotive, industrial automation, and consumer electronics. Brushed PMDC motors use permanent magnets to generate the required magnetic field and employ brushes to transfer current to the rotor. For instance, in June 2023, a Switzerland-based company introduced high-torque capacity brushed PMDC motors, including models 42D1, 52D1, and 63D1. These motors are designed for harsh environments, featuring an IP54 protection rating and F-class insulation, and offer customization options for small and medium production volumes, including shaft or flange designs and specialized winding variations.
In October 2023, a US-based investment firm acquired VACUUMSCHMELZE GmbH & Co. KG to strengthen its supply chain for high-performance magnetic materials. This acquisition enables the firm to leverage growing demand for magnetic materials critical to energy transition and electrification across multiple industries. VACUUMSCHMELZE GmbH & Co. KG is a German manufacturer specializing in magnetic materials and related products.
Major companies operating in the permanent magnet motor market are Robert Bosch GmbH, Siemens AG, ABB Ltd., Denso Corporation, Nidec Corporation, Yaskawa Electric Corporation, MinebeaMitsumi Inc., Johnson Electric Holdings Limited, Ametek Inc., Toshiba Corporation, Valeo SA, Parker Hannifin Corporation, Wolong Electric Group Co. Ltd., Buhler Motor GmbH, WEG S.A., Aerotech Inc., Maxon Group, Moog Inc., Regal Rexnord Corporation, Kollmorgen Corporation, Hitachi Ltd., Mitsubishi Electric Corporation
Asia-Pacific was the largest region in the permanent magnet motor market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet motor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the permanent magnet motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The permanent magnet motor market consists of sales of permanent magnet steppers, axial flux permanent magnet steppers, and radial flux permanent magnet steppers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Permanent Magnet Motor Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses permanent magnet motor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for permanent magnet motor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The permanent magnet motor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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