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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:
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.
Permanent Magnet Motor Market Size
Permanent Magnet Motor Market Growth
Permanent Magnet Motor Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global permanent magnet motor market attained a value of nearly USD 58.56 billion.
The market is projected to grow at a CAGR of 10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 138.01 billion by 2032.
The major market drivers are the growing demand for permanent magnet motors in the automotive sector and the rising popularity of electric vehicles.
The rising demand for alternative energy sources and the development of innovative permanent magnet motors are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major motor types considered in the market report are AC motors, DC motors, and hermetic motors.
Neodymium, samarium cobalt, and ferrite, among others, are the various magnet types included in the market report.
The significant segments based on power range of permanent magnet motor considered in the market report 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 key permanent magnet motor market players include ABB Ltd., Rockwell Automation, Inc., Siemens AG, Franklin Electric Co., Inc., Allied Motion, Inc., and Nidec Motor Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124