Global Electric Vehicle Permanent Magnet Synchronous Motors Market Growth 2025-2031

The global Electric Vehicle Permanent Magnet Synchronous Motors market size is predicted to grow from US$ 9116 million in 2025 to US$ 20910 million in 2031; it is expected to grow at a CAGR of 14.8% from 2025 to 2031.

United States market for Electric Vehicle Permanent Magnet Synchronous Motors is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Electric Vehicle Permanent Magnet Synchronous Motors is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Electric Vehicle Permanent Magnet Synchronous Motors is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Electric Vehicle Permanent Magnet Synchronous Motors players cover ABB Ltd., Alstom, ATE Antriebstechnik und Entwicklungs GmbH & Co. KG, Siemens AG, Johnson Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicle Permanent Magnet Synchronous Motors Industry Forecast” looks at past sales and reviews total world Electric Vehicle Permanent Magnet Synchronous Motors sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Permanent Magnet Synchronous Motors sales for 2025 through 2031. With Electric Vehicle Permanent Magnet Synchronous Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Permanent Magnet Synchronous Motors industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicle Permanent Magnet Synchronous Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Vehicle Permanent Magnet Synchronous Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicle Permanent Magnet Synchronous Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle Permanent Magnet Synchronous Motors and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Vehicle Permanent Magnet Synchronous Motors.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Permanent Magnet Synchronous Motors market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
DC Motor
AC Motor

Segmentation by Application:
Passenger Cars
Commercial Vehicles
Heavy Trucks
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB Ltd.
Alstom
ATE Antriebstechnik und Entwicklungs GmbH & Co. KG
Siemens AG
Johnson Electric
Hansen Corporation
General Electric
Nidec Motor Corporation
Toshiba Corporation
Yaskawa Electric Corporation
Hitachi Ltd.
Mitsubishi Heavy Industries
DENSO Corporation
ZF Friedrichshafen AG
NSK Limited
YASA Limited
Hyundai Mobis Co, Ltd.
NTN Corporation
Schaeffler AG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicle Permanent Magnet Synchronous Motors market?

What factors are driving Electric Vehicle Permanent Magnet Synchronous Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicle Permanent Magnet Synchronous Motors market opportunities vary by end market size?

How does Electric Vehicle Permanent Magnet Synchronous Motors break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.