Permanent Magnet Motor Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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  • Number of Pages: 250
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Market Snapshot

CAGR:6.5
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.5
Energy & Power-companies
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Report Overview

Permanent Magnet Motor Market Analysis By Application (Industrial, Automotive, Consumer Electronics, Energy & Power, Others), By Type (Permanent Magnet Synchronous Motor, Permanent Magnet DC Motor), and By Region Forecast to 2032:

The Permanent Magnet Motor Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing focus on energy efficiency, advancements in motor technology, and the growing adoption of electric vehicles and renewable energy sources. Permanent magnet motors are gaining prominence for their energy-efficient and eco-friendly characteristics.

Permanent Magnet Motor Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Permanent Magnet Motor Market is the increasing emphasis on energy efficiency. Industries and consumers alike are seeking ways to reduce energy consumption and lower greenhouse gas emissions. Permanent magnet motors, with their high energy efficiency and superior performance, are being adopted across various applications to achieve these goals.

Advancements in motor technology, particularly in the development of rare-earth permanent magnets, are also driving market growth. These innovations enhance the power and efficiency of permanent magnet motors, making them suitable for a wide range of applications.

Trends:

An emerging trend shaping the Permanent Magnet Motor Market is the rising adoption of permanent magnet synchronous motors (PMSM). PMSMs are known for their precise control, high efficiency, and low maintenance requirements, making them ideal for applications in robotics, industrial automation, and electric vehicles.

Additionally, the growing integration of permanent magnet motors in consumer electronics and appliances is positively impacting market growth. These motors are used in products like refrigerators, air conditioners, and washing machines, contributing to improved energy efficiency and performance.

Restraints:

One of the key challenges hindering the growth of the Permanent Magnet Motor Market is the volatility in rare-earth magnet prices. Permanent magnet motors rely on rare-earth materials like neodymium and dysprosium, which are subject to price fluctuations due to supply and demand dynamics. These fluctuations can impact the cost of motor production.

Furthermore, concerns related to the environmental impact of rare-earth mining and processing pose potential restraints for the market. Efforts to minimize the environmental footprint of rare-earth magnet production are essential to address these concerns.

Permanent Magnet Motor Market Segmentation By Application:

The industrial segment is anticipated to witness substantial growth during the forecast period. Permanent magnet motors find extensive use in industrial automation, machinery, and equipment due to their energy efficiency and precise control capabilities.

The automotive sector is another significant application area. Permanent magnet motors power various components in electric and hybrid vehicles, including propulsion systems, power steering, and electric air conditioning compressors.

Permanent Magnet Motor Market Segmentation By Type:

Permanent magnet synchronous motors (PMSM) are expected to drive market growth significantly. PMSMs offer high efficiency, precise control, and low maintenance requirements, making them suitable for applications in industrial automation, robotics, and electric vehicles.

Permanent magnet DC motors (PMDC) are known for their simplicity and reliability. They are commonly used in consumer electronics, appliances, and small machinery.

Regional Overview:


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Asia-Pacific is poised to be a key contributor to the global Permanent Magnet Motor Market, accounting for approximately 45% of the market's growth during the forecast period. The region's strong manufacturing base, particularly in countries like China and Japan, drives the demand for permanent magnet motors in various industries.

North America is another prominent region in the market, with the United States leading in the adoption of electric vehicles and renewable energy sources. The automotive and renewable energy sectors in North America contribute to the growth of the permanent magnet motor market.

Permanent Magnet Motor Market Customer Landscape:

The Permanent Magnet Motor Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on energy efficiency initiatives and includes key purchase criteria and sustainability considerations to assist companies in formulating effective growth strategies.

Major Permanent Magnet Motor Market Companies:

Companies in the permanent magnet motor market are employing diverse strategies such as research and development, partnerships, mergers, acquisitions, and geographic expansion to strengthen their market presence.

Example companies include:

  1. MagnaDrive Corporation: MagnaDrive Corporation specializes in innovative magnetic coupling technology and permanent magnet motor solutions for industrial applications. Their products enhance energy efficiency and reduce maintenance costs.
  2. Tesla Motors: Tesla Motors is a prominent player in the electric vehicle market, utilizing permanent magnet motors in their vehicles to achieve high performance and range. Their electric motors are known for their efficiency and reliability.
  3. ABB Group: ABB Group offers a wide range of permanent magnet motors for industrial automation, robotics, and renewable energy applications. Their motors are designed for precision and energy efficiency.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Johnson Electric Holdings Limited
  • Siemens AG
  • Nidec Corporation
  • Toshiba Corporation
  • WEG S.A.
  • Regal Beloit Corporation
  • Franklin Electric Co., Inc.
  • AMETEK, Inc.
  • Allied Motion Technologies, Inc.
  • Danaher Corporation

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on technology focus, market dominance, and sustainability practices.

Segment Overview:

The Permanent Magnet Motor Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Industrial
    • Automotive
    • Consumer Electronics
    • Energy & Power
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Permanent Magnet Synchronous Motor
    • Permanent Magnet DC Motor
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Permanent Magnet Motor MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Permanent Magnet Motor MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Permanent Magnet Motor Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Permanent Magnet Motor MARKET BY type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Permanent Magnet Alternate Current Motor (PMAC)

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Permanent Magnet Alternate Direct Motor (PMDC)

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Brushless DC

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Permanent Magnet Motor MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Industrial

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Commercial & Residential

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Healthcare

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Permanent Magnet Motor MARKET REGIONAL OUTLOOK

7.1. Permanent Magnet Motor Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Permanent Magnet Motor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Permanent Magnet Motor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Permanent Magnet Motor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Permanent Magnet Motor Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Permanent Magnet Motor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 GE (US)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Siemens (Germany)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 ABB (Switzerland)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Toshiba Corporation (Japan)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Emerson (US)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiativesn

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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