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Permanent Magnet Motor Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Published Jul 29, 2025
Length 199 Pages
SKU # PERR20265815

Description

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 critical components in various industrial and consumer applications due to their high efficiency, compact design, and superior performance. These motors utilize permanent magnets instead of windings in the rotor, resulting in reduced energy losses and enhanced torque capabilities. The permanent magnet motor market serves diverse industries including automotive, industrial machinery, consumer electronics, aerospace, and energy. Growing demand for energy-efficient solutions, rapid industrial automation, and the expanding electric vehicle (EV) sector are driving the adoption of these motors globally. The market includes different types of permanent magnet motors such as brushless DC (BLDC), permanent magnet synchronous motors (PMSM), and switched reluctance motors (SRM), each tailored for specific applications.

Market Growth Drivers:

The global permanent magnet motor market is propelled by several key factors, including the rising demand for energy-efficient motors to reduce operational costs and carbon emissions. The ongoing electrification of vehicles and increasing adoption of EVs significantly contribute to market expansion, as permanent magnet motors are integral to EV drivetrains due to their high power density and efficiency. Furthermore, the trend of industrial automation, particularly in manufacturing and robotics, is boosting demand for precision motion control, a niche effectively addressed by permanent magnet motors. Technological innovations in rare-earth magnet materials and motor control electronics further enhance the performance and reliability of these systems.

Market Restraints:

Despite promising growth prospects, the permanent magnet motor market faces challenges such as the high cost and supply volatility of rare-earth materials like neodymium and dysprosium, which are essential for manufacturing high-performance magnets. Geopolitical issues and export restrictions on rare-earth elements can disrupt the global supply chain and inflate production costs. Additionally, the complexity of design and integration of permanent magnet motors in legacy systems poses technical barriers for some industries. Regulatory compliance concerning efficiency standards and the environmental impact of mining rare-earth elements also creates hurdles for widespread adoption.

Market Opportunities:

The permanent magnet motor market presents significant growth opportunities driven by the accelerating shift toward renewable energy systems, particularly in wind power generation and smart grid technologies. The integration of permanent magnet motors in HVAC systems, medical devices, drones, and industrial robotics opens new frontiers for market participants. Advancements in magnetic material alternatives and innovations in magnet-free motor technologies offer potential to reduce dependence on rare-earth elements. Additionally, growing investments in electric mobility infrastructure and the development of hybrid systems for marine and aerospace applications further broaden the market landscape, providing new avenues for innovation and commercialization.

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


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Table of Contents

199 Pages
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
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