Product Code: PMRREP35493
Persistence Market Research has recently released a comprehensive report on the worldwide market for permanent magnet motors. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global permanent magnet motor market from 2025 to 2032.
Key Insights:
- Permanent Magnet Motor Market Size (2025E): USD 93.2 Billion
- Projected Market Value (2032F): USD 226.1 Billion
- Global Market Growth Rate (CAGR 2025 to 2032): 13.5%
Permanent Magnet Motor Market - Report Scope:
Permanent magnet motors are widely used across various industries due to their high efficiency, compact design, and superior performance characteristics. These motors utilize permanent magnets in the rotor, eliminating the need for external excitation and reducing energy losses. The market spans multiple end-user segments including automotive, industrial, aerospace, consumer electronics, and energy. The rising demand for electric vehicles, energy-efficient systems, and automation across industries is propelling market expansion. Permanent magnet motors are available in various types such as brushless DC motors, synchronous motors, and direct drive motors, catering to diverse application requirements.
Market Growth Drivers:
The global permanent magnet motor market is propelled by several key factors, including the accelerated adoption of electric vehicles and renewable energy systems. Growing concerns over energy efficiency and carbon emissions are driving industries to replace traditional induction motors with high-efficiency permanent magnet motors. Technological advancements in magnetic materials, particularly rare-earth magnets, have further enhanced motor performance, contributing to higher adoption across applications. Government regulations mandating energy efficiency standards and incentives for electric mobility and industrial automation are also fueling market demand. Additionally, the increasing use of robotics and smart factory solutions in manufacturing is creating robust demand for precise and reliable motor systems.
Market Restraints:
Despite the promising outlook, the permanent magnet motor market faces challenges associated with the high cost of rare-earth materials such as neodymium and dysprosium. Price volatility and supply chain constraints, particularly due to geopolitical dependencies, can hinder production scalability and profitability. Environmental concerns related to rare-earth mining also pose sustainability challenges. Moreover, the availability of alternative motor technologies like switched reluctance and induction motors in cost-sensitive markets could impact the pace of adoption. The need for specialized manufacturing processes and higher initial investments may also act as barriers, especially for small and medium enterprises.
Market Opportunities:
The permanent magnet motor market presents vast opportunities driven by advancements in magnet technology, growing adoption of smart mobility, and increased investments in infrastructure modernization. The transition toward electric public transportation, such as e-buses and e-trains, and the integration of permanent magnet motors in wind turbines and HVAC systems are expanding market horizons. Emerging economies offer untapped growth potential due to rapid industrialization and supportive government initiatives for clean energy and electric mobility. Continued research in developing cost-effective and recyclable magnetic materials can significantly enhance market penetration. Collaborations between OEMs, research institutions, and magnet suppliers will be crucial in fostering innovation and securing supply chains.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the permanent magnet motor market globally?
- Which motor types and applications are leading the adoption across different industries?
- How are material and technological advancements shaping the competitive landscape of the market?
- Who are the key players contributing to the permanent magnet motor market, and what strategies are they using to stay competitive?
- What are the emerging trends and future prospects in the global permanent magnet motor market?
Competitive Intelligence and Business Strategy:
These companies invest heavily in R&D to enhance motor efficiency, reduce material dependence, and offer customized solutions. Strategic collaborations with automotive OEMs, industrial automation companies, and renewable energy developers enable expansion into emerging markets and application areas. Moreover, a strong emphasis on sustainable sourcing, energy savings, and digital integration (e.g., smart motor controllers and IoT-enabled motors) is reshaping competitive dynamics and customer value propositions.
Key Companies Profiled:
- Siemens AG
- Rockwell Automation
- Johnson Electric Holdings Ltd.
- ABB Ltd.
- Allied Motion Technologies Inc.
- Ametek Inc.
- Toshiba Corporation
- Franklin Electric Company Inc.
- Allied Motion Technologies Inc.
- Nidec Corporation
- Danaher Corporation
- WEG
- Yaskawa America, Inc.
- Carter Motor Company
- Dumore Motors
- FAULHABER Group
Permanent Magnet Motor Market Research Segmentation:
The permanent magnet motor market encompasses a diverse range of motor types, applications, end-users, and regions, addressing various industry requirements and technological advancements.
By Design Type
- Brush Type Motors
- Brushless Type Motors
By Motor Type
- Direct Current (DC) Motor
- Alternating Current (AC) Motor
By Power Rating
- Up to 25kW
- 25-100kW
- 100-300kW
- Above 300kW
By Magnet Material
- Ferrite
- Neodymium-Boron-Iron (NdBFe)
- Samarium Cobalt (Sm-Co)
- Aluminum-Nickel-Cobalt (Alnico)
- Others
By Application
- Automotive
- Home & Consumer appliances
- Power Tools
- Medical Devices
- Industrial Applications
- Wind & Hydropower
- Aerospace
- Portable Power (Generators)
- HVAC Systems
- Others
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Permanent Magnet Motor Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Electric Vehicle Production Outlook
- 2.3.3. Global Wind and Hydro Energy Installations Overview
- 2.3.4. Global Consumer appliances sales Outlook
- 2.3.5. Global Drones Market Outlook
- 2.3.6. Other Macro-economic Factors
- 2.4. Forecast Factors - Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
5. Global Permanent magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Permanent Magnet Motor Market Outlook: Design Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Design Type, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 5.2.3.1. Brush Type Motors
- 5.2.3.2. Brushless Type Motors
- 5.2.4. Market Attractiveness Analysis: Design Type
- 5.3. Global Permanent Magnet Motor Market Outlook: Motor Type
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Motor Type, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 5.3.3.1. Direct Current (DC) Motor
- 5.3.3.2. Alternating Current (AC) Motor
- 5.3.4. Market Attractiveness Analysis: Motor Type
- 5.4. Global Permanent Magnet Motor Market Outlook: Power Rating
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Power Rating, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 5.4.3.1. Up to 25kW
- 5.4.3.2. 25-100kW
- 5.4.3.3. 100-300kW
- 5.4.3.4. Above 300kW
- 5.4.4. Market Attractiveness Analysis: Power Rating
- 5.5. Global Permanent Magnet Motor Market Outlook: Magnet Material
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Magnet Material, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 5.5.3.1. Ferrite
- 5.5.3.2. Neodymium-Boron-Iron (NdBFe)
- 5.5.3.3. Samarium Cobalt (Sm-Co)
- 5.5.3.4. Aluminum-Nickel-Cobalt (Alnico)
- 5.5.3.5. Others
- 5.5.4. Market Attractiveness Analysis: Magnet Material
- 5.6. Global Permanent Magnet Motor Market Outlook: Application
- 5.6.1. Introduction/Key Findings
- 5.6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Application, 2019-2024
- 5.6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 5.6.3.1. Automotive
- 5.6.3.2. Home & Consumer appliances
- 5.6.3.3. Power Tools
- 5.6.3.4. Medical Devices
- 5.6.3.5. Industrial Applications
- 5.6.3.6. Wind & Hydropower
- 5.6.3.7. Aerospace
- 5.6.3.8. Portable Power (Generators)
- 5.6.3.9. HVAC Systems
- 5.6.3.10. Others
- 5.6.4. Market Attractiveness Analysis: Application
6. Global Permanent Magnet Motor Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 7.4.1. Brush Type Motors
- 7.4.2. Brushless Type Motors
- 7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 7.5.1. Direct Current (DC) Motor
- 7.5.2. Alternating Current (AC) Motor
- 7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 7.6.1. Up to 25kW
- 7.6.2. 25-100kW
- 7.6.3. 100-300kW
- 7.6.4. Above 300kW
- 7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 7.7.1. Ferrite
- 7.7.2. Neodymium-Boron-Iron (NdBFe)
- 7.7.3. Samarium Cobalt (Sm-Co)
- 7.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 7.7.5. Others
- 7.8. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 7.8.1. Automotive
- 7.8.2. Home & Consumer appliances
- 7.8.3. Power Tools
- 7.8.4. Medical Devices
- 7.8.5. Industrial Applications
- 7.8.6. Wind & Hydropower
- 7.8.7. Aerospace
- 7.8.8. Portable Power (Generators)
- 7.8.9. HVAC Systems
- 7.8.10. Others
8. Europe Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 8.4.1. Brush Type Motors
- 8.4.2. Brushless Type Motors
- 8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 8.5.1. Direct Current (DC) Motor
- 8.5.2. Alternating Current (AC) Motor
- 8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 8.6.1. Up to 25kW
- 8.6.2. 25-100kW
- 8.6.3. 100-300kW
- 8.6.4. Above 300kW
- 8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 8.7.1. Ferrite
- 8.7.2. Neodymium-Boron-Iron (NdBFe)
- 8.7.3. Samarium Cobalt (Sm-Co)
- 8.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 8.7.5. Others
- 8.8. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 8.8.1. Automotive
- 8.8.2. Home & Consumer appliances
- 8.8.3. Power Tools
- 8.8.4. Medical Devices
- 8.8.5. Industrial Applications
- 8.8.6. Wind & Hydropower
- 8.8.7. Aerospace
- 8.8.8. Portable Power (Generators)
- 8.8.9. HVAC Systems
- 8.8.10. Others
9. East Asia Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 9.4.1. Brush Type Motors
- 9.4.2. Brushless Type Motors
- 9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 9.5.1. Direct Current (DC) Motor
- 9.5.2. Alternating Current (AC) Motor
- 9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 9.6.1. Up to 25kW
- 9.6.2. 25-100kW
- 9.6.3. 100-300kW
- 9.6.4. Above 300kW
- 9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 9.7.1. Ferrite
- 9.7.2. Neodymium-Boron-Iron (NdBFe)
- 9.7.3. Samarium Cobalt (Sm-Co)
- 9.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 9.7.5. Others
- 9.8. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 9.8.1. Automotive
- 9.8.2. Home & Consumer appliances
- 9.8.3. Power Tools
- 9.8.4. Medical Devices
- 9.8.5. Industrial Applications
- 9.8.6. Wind & Hydropower
- 9.8.7. Aerospace
- 9.8.8. Portable Power (Generators)
- 9.8.9. HVAC Systems
- 9.8.10. Others
10. South Asia & Oceania Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 10.4.1. Brush Type Motors
- 10.4.2. Brushless Type Motors
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 10.5.1. Direct Current (DC) Motor
- 10.5.2. Alternating Current (AC) Motor
- 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 10.6.1. Up to 25kW
- 10.6.2. 25-100kW
- 10.6.3. 100-300kW
- 10.6.4. Above 300kW
- 10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 10.7.1. Ferrite
- 10.7.2. Neodymium-Boron-Iron (NdBFe)
- 10.7.3. Samarium Cobalt (Sm-Co)
- 10.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 10.7.5. Others
- 10.8. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 10.8.1. Automotive
- 10.8.2. Home & Consumer appliances
- 10.8.3. Power Tools
- 10.8.4. Medical Devices
- 10.8.5. Industrial Applications
- 10.8.6. Wind & Hydropower
- 10.8.7. Aerospace
- 10.8.8. Portable Power (Generators)
- 10.8.9. HVAC Systems
- 10.8.10. Others
11. Latin America Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 11.4.1. Brush Type Motors
- 11.4.2. Brushless Type Motors
- 11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 11.5.1. Direct Current (DC) Motor
- 11.5.2. Alternating Current (AC) Motor
- 11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 11.6.1. Up to 25kW
- 11.6.2. 25-100kW
- 11.6.3. 100-300kW
- 11.6.4. Above 300kW
- 11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 11.7.1. Ferrite
- 11.7.2. Neodymium-Boron-Iron (NdBFe)
- 11.7.3. Samarium Cobalt (Sm-Co)
- 11.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 11.7.5. Others
- 11.8. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 11.8.1. Automotive
- 11.8.2. Home & Consumer appliances
- 11.8.3. Power Tools
- 11.8.4. Medical Devices
- 11.8.5. Industrial Applications
- 11.8.6. Wind & Hydropower
- 11.8.7. Aerospace
- 11.8.8. Portable Power (Generators)
- 11.8.9. HVAC Systems
- 11.8.10. Others
12. Middle East & Africa Permanent Magnet Motor Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Design Type, 2025-2032
- 12.4.1. Brush Type Motors
- 12.4.2. Brushless Type Motors
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Motor Type, 2025-2032
- 12.5.1. Direct Current (DC) Motor
- 12.5.2. Alternating Current (AC) Motor
- 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Power Rating, 2025-2032
- 12.6.1. Up to 25kW
- 12.6.2. 25-100kW
- 12.6.3. 100-300kW
- 12.6.4. Above 300kW
- 12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Magnet Material, 2025-2032
- 12.7.1. Ferrite
- 12.7.2. Neodymium-Boron-Iron (NdBFe)
- 12.7.3. Samarium Cobalt (Sm-Co)
- 12.7.4. Aluminum-Nickel-Cobalt (Alnico)
- 12.7.5. Others
- 12.8. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
- 12.8.1. Automotive
- 12.8.2. Home & Consumer appliances
- 12.8.3. Power Tools
- 12.8.4. Medical Devices
- 12.8.5. Industrial Applications
- 12.8.6. Wind & Hydropower
- 12.8.7. Aerospace
- 12.8.8. Portable Power (Generators)
- 12.8.9. HVAC Systems
- 12.8.10. Others
13. Competition Landscape
- 13.1. Market Share Analysis, 2024
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. Siemens AG
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Rockwell Automation
- 13.3.3. Johnson Electric Holdings Ltd
- 13.3.4. ABB Ltd.
- 13.3.5. Allied Motion Technologies Inc.
- 13.3.6. Ametek Inc.
- 13.3.7. Toshiba Corporation
- 13.3.8. Franklin Electric Company Inc.
- 13.3.9. Allied Motion Technologies Inc.
- 13.3.10. Nidec Corporation
- 13.3.11. Danaher Corporation
- 13.3.12. WEG
- 13.3.13. Yaskawa America, Inc.
- 13.3.14. Carter Motor Company
- 13.3.15. Dumore Motors
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations