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Permanent Magnet Motor Market is projected to experience a growth rate of 12.44 Percentage CAGR, reaching over USD 120.94 Bn. by 2030

12-13-2024 08:56 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 53.22 Bn. in 2023. Global Permanent Magnet Motor Market size is estimated to grow at a CAGR of 12.44%.

๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Permanent Magnet Motor (PMM) market is driven by the growing demand for energy-efficient and low-maintenance motors across various industries, especially in electric vehicles (EVs) and renewable energy sectors. These motors are known for their high torque-to-current ratio, high power-to-weight ratio, efficiency, and compact design, which makes them ideal for applications in electric vehicles, robotics, and industrial machinery. The market has been expanding steadily due to advancements in permanent magnet technology, such as the use of nanocomposite magnets. However, high manufacturing costs and complexity are challenges the industry faces. The increasing adoption of electric vehicles and the development of sustainable transport systems are expected to further propel market growth through 2030.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/15003/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The Permanent Magnet Motor market is primarily driven by the increasing demand for energy-efficient and low-maintenance solutions. The adoption of PMMs across various sectors, including automotive, aerospace, and industrial machinery, is boosting their market share. Particularly, the electric vehicle industry is a significant contributor, as automakers are integrating permanent magnet motors to enhance the efficiency and performance of EVs. Additionally, the demand for smaller, lighter, and more efficient motors across industries such as textile, pulp & paper, and robotics is expected to fuel further growth. These factors, combined with technological advancements in permanent magnet materials, are expected to maintain a positive growth trajectory for the market.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ'๐ฌ ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam is rapidly becoming a key player in the Asia Pacific PMM market, thanks to its growing manufacturing sector and government initiatives to promote renewable energy. The Vietnamese government is focusing on increasing energy efficiency in industrial motors, which is creating significant growth opportunities for PMM manufacturers.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/15003/

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐๐Œ๐Œ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand's PMM market is expected to grow at a CAGR of 8.1%, as demand for energy-efficient motors increases across industrial sectors. The country's automotive sector is particularly driving the adoption of PMMs for electric vehicles and electric motorbikes.

๐‰๐š๐ฉ๐š๐ง: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐๐Œ๐Œ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan, being a leader in motor manufacturing, continues to innovate in the PMM sector, contributing to technological advancements in efficiency. Major automotive manufacturers such as Toyota and Honda are focusing heavily on developing PMM-powered electric vehicles, thereby boosting market growth.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

South Korea is a leading hub for automotive electrification, and with its commitment to advancing electric vehicle production, there is a strong demand for PMMs. Companies like Hyundai Motor are actively pursuing sustainable motor solutions, driving the adoption of PMMs.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐๐Œ๐Œ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore is positioning itself as a major player in PMM technology development and is actively pursuing mergers and acquisitions in the sector. The strategic consolidation efforts of local players, such as Keppel Corporation, aim to create a more robust manufacturing base to cater to Southeast Asia's growing demand for energy-efficient motors.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The US is expected to maintain its dominance in the global PMM market, especially due to the growing adoption of electric vehicles (EVs). General Motors (GM) and Tesla are notable examples of automotive manufacturers significantly increasing their use of PMMs in vehicle production.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe is witnessing a surge in demand for PMMs, driven by the European Union's strict regulations on energy efficiency. Countries like Germany, France, and the UK are leading the way in industrial motor upgrades, with Siemens and Schneider Electric spearheading efforts in improving motor efficiency standards.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐„๐ง๐ž๐ซ๐ ๐ฒ ๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ: As industries aim for more sustainable energy practices, PMMs are becoming the preferred choice due to their higher energy efficiency compared to conventional motors.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐ก๐ข๐Ÿ๐ญ: The rapid rise of electric vehicles, coupled with advances in motor technology, is driving innovation and the need for high-performance permanent magnet motors.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/15003/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

AC motor
DC motor
Brushless DC

by Power Rating

Up to 25 kW
25-100 kW
100-300 kW
300 kW & Above

by Magnet Type

Neodymium
Samarium Cobalt
Ferrite

by End-User

Industrial
Commercial & Residential
Healthcare

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-permanent-magnet-motor-market/15003/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐๐ž๐ซ๐ฆ๐š๐ง๐ž๐ง๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. GE
2. Siemens
3. ABB
4. Toshiba Corporation
5. Emerson
6. Siemens AG
7. Rockwell Automation, Inc.
8. Franklin Electric Co. Inc.
9. Allied Motion Technologies Inc.
10.Autotrol Corporation
11.Johnson Control
12.Nidec Corporation
13.Yaskawa
14.Baldor Electric Company Inc
15.Ametec Inc
16.Robert Bosch GmbH
17.Danaher Corporation
18.Bonfiglioli
19.Crouzet
20.Buhler Motors

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Global Prepacked Chromatography Columns Market : https://www.maximizemarketresearch.com/market-report/prepacked-chromatography-columns-market/115904/

โ™ฆ Global Flexible Heater Market : https://www.maximizemarketresearch.com/market-report/global-flexible-heater-market/26067/

โ™ฆ Global Harmonic Filter Market : https://www.maximizemarketresearch.com/market-report/global-harmonic-filter-market/28911/

โ™ฆ Global Mobile Crushers and Screeners Market : https://www.maximizemarketresearch.com/market-report/global-mobile-crushers-and-screeners-market/22131/

โ™ฆ Bifacial Solar Market : https://www.maximizemarketresearch.com/market-report/bifacial-solar-market/147787/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.
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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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The Shooting Ranges Market size was valued at USD 1.40 Billion in 2024 and the total Shooting Ranges revenue is expected to grow at a CAGR of 7.85% from 2025 to 2032, reaching nearly USD 2.57 Billion. Shooting Ranges Market Overview: Shooting ranges serve as specialized facilities-both indoor and outdoor-where firearms and archery training, recreational shooting, and competitive events take place in controlled, safe environments. These venues support a wide spectrum ofโ€ฆ
Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone Revolution at a CAGR of 13.95% from 2025 to 2032
08-29-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone R โ€ฆ
The Fuel Cell UAV Market size was valued at USD 1661.38 Million in 2024 and the total Fuel Cell UAV revenue is expected to grow at a CAGR of 13.95% from 2025 to 2032, reaching nearly USD 4722.62 Million. Fuel Cell UAV Market Overview: Fuel-cell-powered unmanned aerial vehicles (UAVs) are swiftly redefining the drone landscape with their promise of prolonged flight times and greener operations. Leading aerospace innovators and emerging startups alikeโ€ฆ

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08-20-2025 | Business, Economy, Finances, B โ€ฆ
ABNewswire
Primary Mitochondrial Myopathies Pipeline Insight 2025: Novel Mitochondrial Modu โ€ฆ
The therapeutic landscape for Primary Mitochondrial Myopathies (PMM) is evolving rapidly, with novel approaches emerging to address the debilitating effects of impaired mitochondrial energy metabolism. PMM, a rare and heterogeneous group of disorders, currently lacks disease-modifying treatments, with care largely limited to symptom management, supportive measures, and nutritional supplements. This ongoing unmet need is fueling innovation across multiple therapeutic modalities. DelveInsight's "Primary Mitochondrial Myopathies - Pipeline Insight, 2025 [https://www.delveinsight.com/report-store/primary-mitochondrial-myopathies-pmm-pipeline-insight?utm_source=abnewswire&utm_medium=pressrelease&utm_campaign=jpr]" highlights anโ€ฆ
05-21-2025 | Health & Medicine
DelveInsight
Primary Mitochondrial Myopathies (PMM) Pipeline: Advancing Therapies Targeting M โ€ฆ
The therapeutic landscape for Primary Mitochondrial Myopathies (PMM) is rapidly progressing, driven by the urgent need to address the complex and heterogeneous nature of these rare genetic disorders characterized by mitochondrial dysfunction and impaired energy production. Despite limited approved treatment options, ongoing research focuses on novel approaches to improve mitochondrial function, enhance cellular energy metabolism, and alleviate symptoms. Leading biotech and pharmaceutical companies, including Stealth BioTherapeutics, Omeicos Therapeutics GmbH, andโ€ฆ
02-05-2025 | Health & Medicine
DelveInsight Business Research
Primary Mitochondrial Myopathies Pipeline 2024: Detailed Clinical Trials and FDA โ€ฆ
(Las Vegas, Nevada, United States) As per DelveInsight's assessment, globally, Primary Mitochondrial Myopathies pipeline constitutes 3+ key companies continuously working towards developing 3+ Primary Mitochondrial Myopathies treatment therapies, analysis of Clinical Trials, Therapies, Mechanism of Action, Route of Administration, and Developments analyzes DelveInsight. "Primary Mitochondrial Myopathies Pipeline Insight, 2024" report by DelveInsight outlines comprehensive insights into the present clinical development scenario and growth prospects across the Primary Mitochondrialโ€ฆ
11-30-2021 | IT, New Media & Software
Coherent Market Insights
Demand for Predictive Maintenance Management Is High In Predictive Maintenance M โ€ฆ
๐—ฃ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐— ๐—ฎ๐—ถ๐—ป๐˜๐—ฒ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฃ๐—ฟ๐—ผ๐˜€๐—ฝ๐—ฒ๐—ฐ๐˜๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿญ ๐˜๐—ผ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿณ The global Predictive Maintenance market is estimated to account for US$ 17.7 Billion By 2026. Predictive maintenance systems are designed to assist manufacturing companies in determining the condition of their on-site equipment so as to gauge when regular maintenance ought to be done. This system promises significant cost savings since tasks are done only when necessary, thereby aiding in growth of the predictiveโ€ฆ
10-20-2021 | IT, New Media & Software
Coherent Market Insights
The Predictive Maintenance Market is experiencing a surge in demand for Predicti โ€ฆ
Predictive Maintenance Market Forecast : The global Predictive Maintenance market is estimated to account for US$ 17.7 Billion By 2026 ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฃ๐—ฎ๐—ด๐—ฒ๐˜€: [180 Pages] Predictive maintenance systems are designed to assist manufacturing companies in determining the condition of their on-site equipment so as to gauge when regular maintenance ought to be done. This system promises significant cost savings since tasks are done only when necessary, thereby aiding in growth of the predictiveโ€ฆ
06-22-2020 | Energy & Environment
Maven Consulting Ltd.
Maven Consulting Rolls out Innovative Project Management Methodology
New, scalable methodology sets out thorough guidelines for Project Managers and Project Delivery teams that can be leveraged to execute projects at a high professional standard, regardless of project complexity. North Vancouver, B.C., June 19, 2020 - Maven Consulting Ltd. โ€œMavenโ€ is excited to release their new Project Management Methodology (PMM). The PMM was built by fine-tuning their leading-edge industry best practices into a Methodology that works within both the companyโ€™sโ€ฆ