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Global Permanent Magnet Motor Market: By Motor Type: AC Motors, DC Motors, Hermetic Motors; By Magnet Type: Neodymium, Samarium Cobalt, Others; By Power Range; By End-User; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Permanent Magnet Motor Market Outlook

The global permanent magnet motor market attained a value of about USD 44 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 10% to reach nearly USD 77.9 billion by 2026.


Rising Demand for Permanent Magnet Motors in the Automotive Sector Bolstering the Market Growth

The rising demand for permanent magnet motors in the automotive sector is fuelling the growth of the market. As the concerns regarding rapid climate change and the depletion of natural resources are surging, permanent magnet motors are deployed in various parts of automobiles, such as car windshield wipers, to provide high voltage through electric energy. In addition, the use of such motors boosts operational efficiency while eliminating extensive greenhouse emissions in automobiles. Hence, the growing demand for luxury cars with enhanced fuel efficiency and automation is boosting the deployment of permanent magnet motors, thus adding to the market growth.

The increasing demand for electric vehicles is bolstering the deployment of permanent magnet motors. The growing use of AC permanent magnet motors in engines of electric vehicles (EV) is further expected to drive the market growth. Furthermore, the introduction of various research activities by the leading companies to develop cost-effective magnets with enhanced operational efficiency is estimated to fuel the growth of the permanent magnet motor industry.


Permanent Magnet Motor: Industry Definition and Segmentation

A permanent magnet motor is an electric motor that utilises magnets to convert mechanical energy into electrical energy. It is portable in size, cost-effective, and provide enhanced operational efficiency. Moreover, a permanent magnet motor can be manufactured rapidly and cost-effectively, due to which it is used in various automotive and industrial applications.

The major motor types of permanent magnet motor are:

  • AC Motors
  • DC Motors
  • Hermetic Motors

The market can be broadly categorised on the basis of its magnet types into:

  • Neodymium 
  • Samarium Cobalt 
  • Ferrite
  • Others

Based on power range, the market is divided into:

  • 4.0 kW and Below
  • Between 4.0 to 22.0 kW
  • Between 22.0 to 75.0 kW
  • 75.0 kW and Above

By end-users, the market is categorised into:

  • Automotive
  • General Industrial
  • Energy
  • Water and Wastewater Management
  • Mining, Oil, and Gas
  • Aerospace and Defence
  • Others

The EMR report looks into the regional markets of permanent magnet motor like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Rising Demand for Permanent Magnet Motor in the Energy Sector to Augment the Market Growth

The rising demand for alternative energy sources is surging the deployment of wind turbines, which, in turn, is increasing the use of permanent magnet motors. As permanent magnet motors efficiently convert mechanical energy into electrical energy, they are increasingly deployed in generators of wind turbines. Moreover, the initiation of various research and development (R&D) activities for advancements in wind energy is increasing the use of permanent magnet motors, which is bolstering the growth of the market.
The development of innovative permanent magnet motors that maintain a constant speed while avoiding slippage is expected to augment the market growth. In addition, the cost-effectiveness, ease of installation, fuel efficiency, and low density offered by such motors are projected to propel the growth of the market. Various leading companies are also attempting to develop motors that solely utilise permanent magnets to generate magnetic force for rotors and generators. Hence, their surging demand is estimated to fuel the growth of the permanent magnet motor industry in the forecast period.


Key Industry Players in the Global Permanent Magnet Motor Market

The report presents a detailed analysis of the following key players in the global permanent magnet motor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Siemens AG
  • Franklin Electric Co., Inc.
  • Allied Motion, Inc.
  • Nidec Motor Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Permanent Magnet Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Permanent Magnet Motor Historical Market (2016-2020) 
    8.3    Global Permanent Magnet Motor Market Forecast (2021-2026)
    8.4    Global Permanent Magnet Motor Market by Motor Type
        8.4.1    AC Motors
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    DC Motors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hermetic Motors
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Permanent Magnet Motor Market by Magnet Type
        8.5.1    Neodymium 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Samarium Cobalt 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Ferrite
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Permanent Magnet Motor Market by Power Range
        8.6.1    4.0 kW and Below
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Between 4.0 to 22.0 kW
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Between 22.0 to 75.0 kW
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    75.0 kW and Above
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
    8.7    Global Permanent Magnet Motor Market by End-User 
        8.7.1    Automotive
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    General Industrial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Energy
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Water and Wastewater Management
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Mining, Oil, and Gas
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Aerospace and Defence
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Others
    8.8    Global Permanent Magnet Motor Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Rockwell Automation, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Siemens AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Franklin Electric Co., Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Allied Motion, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Nidec Motor Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Permanent Magnet Motor Market: Key Industry Highlights, 2016 and 2026
2.    Global Permanent Magnet Motor Historical Market: Breakup by Motor Type (USD Billion), 2016-2020
3.    Global Permanent Magnet Motor Market Forecast: Breakup by Motor Type (USD Billion), 2021-2026
4.    Global Permanent Magnet Motor Historical Market: Breakup by Magnet Type (USD Billion), 2016-2020
5.    Global Permanent Magnet Motor Market Forecast: Breakup by Magnet Type (USD Billion), 2021-2026
6.    Global Permanent Magnet Motor Historical Market: Breakup by Power Range (USD Billion), 2016-2020
7.    Global Permanent Magnet Motor Market Forecast: Breakup by Power Range (USD Billion), 2021-2026
8.    Global Permanent Magnet Motor Historical Market: Breakup by End-User (USD Billion), 2016-2020
9.    Global Permanent Magnet Motor Market Forecast: Breakup by End-User (USD Billion), 2021-2026
10.    Global Permanent Magnet Motor Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Permanent Magnet Motor Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Permanent Magnet Motor Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Permanent Magnet Motor Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Permanent Magnet Motor Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Permanent Magnet Motor Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Permanent Magnet Motor Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Permanent Magnet Motor Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Permanent Magnet Motor Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Permanent Magnet Motor Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Permanent Magnet Motor Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Permanent Magnet Motor Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Permanent Magnet Motor Market Structure

Key Questions Answered in the Report

In 2020, the global permanent magnet motor market attained a value of nearly USD 44 billion.

The market is projected to grow at a CAGR of 10% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 77.9 billion by 2026.

The industry is being aided by the growing demand for permanent magnet motors in the automotive sector and the growing popularity of electric vehicles.

The market is expected to be aided by the rising demand for alternative energy sources and the development of innovative permanent magnet motors.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major motor types of permanent magnet motor in the industry are AC motors, DC motors, and hermetic motors.

The significant magnet types in the market are neodymium, samarium cobalt, and ferrite, among others.

The various power ranges of permanent magnet motor are 4.0 kW and below, between 4.0 to 22.0 kW, between 22.0 to 75.0 kW, and 75.0 kW and above.

The different end-users of permanent magnet motor are automotive, general industrial, energy, water and wastewater management, mining, oil, and gas, and aerospace and defence, among others.

The major players in the industry are ABB Ltd., Rockwell Automation, Inc., Siemens AG, Franklin Electric Co., Inc., Allied Motion, Inc., and Nidec Motor Corporation, among others.

Analyst Review

The global permanent magnet motor market attained a value of nearly USD 44 billion in 2020, driven the permanent magnet motors in the automotive sector. Aided by the rising demand for alternative energy sources, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 10%. The market is projected to reach about USD 77.9 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its motor types, the permanent magnet motor industry can be segmented into AC motors, DC motors, and hermetic motors. On the basis of magnet types, the industry is divided into neodymium, samarium cobalt, and ferrite, among others. By power range, the market is segmented into 4.0 kW and below, between 4.0 to 22.0 kW, between 22.0 to 75.0 kW, and 75.0 kW and above. Based on end-users, the market is classified into automotive, general industrial, energy, water and wastewater management, mining, oil, and gas, and aerospace and defence, among others. The major regional markets for permanent magnet motor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd., Rockwell Automation, Inc., Siemens AG, Franklin Electric Co., Inc., Allied Motion, Inc., and Nidec Motor Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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