Market Forecast By Regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa), By Type (PMAC, PMDC, Brushless DC), By Power Rating (Up To 25 KW, 25-100 KW, 100-300 KW, 300 KW And Above), By End-User (Industrial, Commercial And Residential, Others) And Competitive Landscape
| Product Code: ETC150090 | Publication Date: Nov 2021 | Updated Date: Jun 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
As per 6Wresearch
| Report Name | Permanent Magnet Motor Market |
| Forecast Period | 2025-2031 |
| Market Size | USD 193.78 billion by 2031 |
| CAGR | 12.5% |
| Growing Sector | Automotive |
The Permanent-Magnet-Motor-Market report thoroughly covers the market by region, type and end-user. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The world market of magnet permanent motors is growing noticeably due to the high demand for energy saving solutions in different fields. These motors are extensively used in the applications of electric vehicles (EVs), industrial automation and renewable energy systems because of their compact design and high efficiency. The automotive industry is also registered as a major contributor of this growth, unlike other adopted technologies, because manufacturers are interested in improving vehicle performance and optimizing energy consumption. Also, high growth is directed by improvement of motor technologies and materials used in the motors. On the other hand, there are challenges accordingly to the high prices of supply chain dependent rare materials and other supply chain dependencies. Everything considered, it is not very likely that this may affect the positive outlook with innovation and funding expected to benefit future growth.
According to 6Wresearch, The Permanent Magnet Motor Market size is expected to grow at a significant CAGR of 12.5% during the forecast period 2025–2031. Key Aspects Driving the Permanent Magnet Motor Market Worldwide The worldwide market for permanent magnet motor is driven by a number of industry specific and macro-economic factors. C.I. The transition to electric cars (EV) in the automotive industry has led to an increase in the need for power-dense actuation solutions in which the permanent-magnet motor (PMM) is a key enabler. Moreover, increasing industrial automation and demand for energy-efficient solutions in industrial processes are further contributing to the growth of the market. Technological breakthroughs – such as the creation of high-performance magnets and better motor designs are also coming together to fuel Permanent Magnet Motor Market Growth.
Despite its growth prospects, the permanent magnet motor market faces several challenges. One of the primary obstacles is the reliance on rare-earth materials, such as neodymium and dysprosium, which are essential for manufacturing high-performance magnets. The limited availability and price volatility of these materials can impact production costs and supply chain stability. Additionally, the high initial investment required for advanced motor technologies can deter small and medium-sized enterprises from adopting these solutions. Environmental concerns related to the extraction and processing of rare-earth elements also pose regulatory challenges. Addressing these issues is crucial for the sustainable growth of the market.
The Permanent Magnet Motor Industry is witnessing several notable trends. One significant development is the integration of digital technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI), into motor systems. These technologies enable predictive maintenance, real-time monitoring, and enhanced performance optimization, leading to increased efficiency and reduced downtime. Another trend is the growing emphasis on sustainability, with manufacturers focusing on producing eco-friendly motors that minimize energy consumption and reduce carbon footprints. Additionally, the automotive industry's shift towards electric vehicles is driving innovation in motor design and materials, aiming for lighter, more efficient, and cost-effective solutions.
Investors have several promising opportunities in the permanent magnet motor market. One area is the development and production of rare-earth materials, as securing a stable supply of these components is vital for motor manufacturing. Investing in research and development to create alternative materials or recycling methods can mitigate supply chain risks. Another opportunity lies in the expansion of manufacturing capabilities, particularly in regions experiencing high demand growth, such as Asia-Pacific. Additionally, companies focusing on integrating digital technologies into motor systems, offering value-added services like predictive maintenance and performance analytics, present attractive investment prospects. These areas align with the market's growth drivers and technological advancements.
Key players in the Permanent Magnet Motor Market Share include Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Nidec Corporation, and Toshiba Corporation. These companies are at the forefront of innovation, offering a range of products catering to various applications, including automotive, industrial automation, and renewable energy systems. Their strategies involve continuous research and development, strategic partnerships, and expanding production capacities to meet the growing demand. Additionally, these players are investing in sustainable practices and technologies to align with environmental goals and enhance their competitive edge in the market.
Governments worldwide are implementing regulations to promote the adoption of energy-efficient technologies, including permanent magnet motors. Policies such as tax incentives, subsidies, and grants are encouraging industries to invest in advanced motor systems that reduce energy consumption and greenhouse gas emissions. For instance, the European Union's Ecodesign Directive sets mandatory efficiency standards for electric motors, driving the demand for high-efficiency permanent magnet motors. Similarly, in the United States, the Department of Energy's initiatives support the development and deployment of energy-efficient technologies. These regulations not only foster market growth but also contribute to sustainability efforts.
The permanent magnet motor market is poised for substantial growth in the coming years. The continued expansion of the electric vehicle market, coupled with advancements in motor technology, is expected to drive demand. Additionally, the increasing adoption of renewable energy sources will further propel the need for efficient motor systems in energy generation. Emerging markets, particularly in Asia-Pacific, present significant opportunities due to rapid industrialization and urbanization. However, addressing challenges related to material supply and environmental concerns will be crucial for sustaining growth. Overall, the market's future outlook remains positive, with innovation and strategic investments playing pivotal roles.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Dhaval, Research Manager, 6Wresearch, “Asia Pacific is the fastest-growing region owing to rapid industrialization, booming electric vehicle production, and supportive government initiatives in China, India, and Southeast Asia driving demand for energy-efficient permanent magnet motors across multiple end-use sectors.”
Brushless DC motors are rapidly gaining traction due to their superior efficiency, low maintenance, and increasing adoption in automotive, HVAC, and industrial automation systems where precise control and energy savings are critical.
The 100–300 KW segment is expanding swiftly, fueled by increasing deployment in electric buses, commercial machinery, and energy systems that require high-torque, efficient, and compact motor solutions.
The industrial segment is witnessing fast-paced growth as manufacturing and automation sectors increasingly adopt permanent magnet motors to optimize operations, reduce energy consumption, and comply with evolving efficiency standards ly.
The Market report covers a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Permanent Magnet Motor Market Overview |
| 3.1 Regional Macro Economic Indicators |
| 3.2 Permanent Magnet Motor Market Revenues & Volume, 2021 & 2031 |
| 3.3 Permanent Magnet Motor Market - Industry Life Cycle |
| 3.4 Permanent Magnet Motor Market - Porter's Five Forces |
| 3.5 Permanent Magnet Motor Market Revenues & Volume Share, By Regions, 2021 & 2031 |
| 3.6 Permanent Magnet Motor Market Revenues & Volume Share, By Type, 2021 & 2031 |
| 3.7 Permanent Magnet Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031 |
| 3.8 Permanent Magnet Motor Market Revenues & Volume Share, By End-user, 2021 & 2031 |
| 4 Permanent Magnet Motor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Permanent Magnet Motor Market Trends |
| 6 Permanent Magnet Motor Market, 2021-2031 |
| 6.1 Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 6.2 Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 6.3 Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 7 North America Permanent Magnet Motor Market, 2021-2031 |
| 7.1 North America Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 7.2 North America Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 7.3 North America Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 8 Latin America Permanent Magnet Motor Market, 2021-2031 |
| 8.1 Latin America Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 8.2 Latin America Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 8.3 Latin America Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 9 Europe Permanent Magnet Motor Market, 2021-2031 |
| 9.1 Europe Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 9.2 Europe Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 9.3 Europe Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 10 Asia Pacific Permanent Magnet Motor Market, 2021-2031 |
| 10.1 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 10.2 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 10.3 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 11 Middle East Permanent Magnet Motor Market, 2021-2031 |
| 11.1 Middle East Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 11.2 Middle East Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 11.3 Middle East Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 12 Africa Permanent Magnet Motor Market, 2021-2031 |
| 12.1 Africa Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 12.2 Africa Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 12.3 Africa Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 13 Permanent Magnet Motor Market Key Performance Indicators |
| 14 Permanent Magnet Motor Market - Opportunity Assessment |
| 14.1 Permanent Magnet Motor Market Opportunity Assessment, By Regions, 2021 & 2031 |
| 14.2 Permanent Magnet Motor Market Opportunity Assessment, By Type, 2021 & 2031 |
| 14.3 Permanent Magnet Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031 |
| 14.4 Permanent Magnet Motor Market Opportunity Assessment, By End-user, 2021 & 2031 |
| 15 Permanent Magnet Motor Market - Competitive Landscape |
| 15.1 Permanent Magnet Motor Market Revenue Share, By Companies, 2024 |
| 15.2 Permanent Magnet Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 16 Company Profiles |
| 17 Recommendations |
| 18 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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