openPR Logo
Press release

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

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.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

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:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Permanent Magnet Motor Market is projected to experience a growth rate of 12.44 Percentage CAGR, reaching over USD 120.94 Bn. by 2030 here

News-ID: 3786508 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD

Iron and Steel Market to Grow at a Steady CAGR of 4.1% Driven by Infrastructure and Industrial Expansion
Iron and Steel Market to Grow at a Steady CAGR of 4.1% Driven by Infrastructure โ€ฆ
The Iron and Steel Market size was valued at USD 1758.91 Billion in 2024 and the total Iron and Steel revenue is expected to grow at a CAGR of 4.1% from 2025 to 2032, reaching nearly USD 2425.77 Billion. Iron and Steel Market Overview: The Iron and Steel Market is fundamental to industrial value chains, supplying essential raw materials for infrastructure frameworks, machinery, vehicles, and consumer goods. From bridges and railways toโ€ฆ
Facial Recognition Market Set to Grow at a Strong CAGR of 17.9% Driven by Rapid Digital Security Adoption
Facial Recognition Market Set to Grow at a Strong CAGR of 17.9% Driven by Rapid โ€ฆ
The Facial Recognition Market size was valued at USD 6.23 Bn in 2023 and is expected to reach USD 19.73 Bn by 2030, at a CAGR of 17.9%. Facial Recognition Market Overview: The Facial Recognition Market is characterized by its expanding application base across security, law enforcement, banking, healthcare, retail, and transportation sectors. Facial recognition systems are increasingly used for identity verification, access control, attendance tracking, and fraud prevention. The technology offersโ€ฆ
Artificial Turf Market to Grow at a Strong CAGR of Around 9.8% Driven by Sports Infrastructure and Urban Landscaping Demand
Artificial Turf Market to Grow at a Strong CAGR of Around 9.8% Driven by Sports โ€ฆ
The Artificial Turf Market size was valued at USD 4.33 Billion in 2024 and the total Artificial Turf revenue is expected to grow at a CAGR of 9.8% from 2025 to 2032, reaching nearly USD 9.16 Billion. Artificial Turf Market Overview: The Artificial Turf Market is evolving rapidly as technological advancements improve product quality, appearance, and performance. Modern artificial turf closely replicates the look and feel of natural grass while offering superiorโ€ฆ
Perfume and Fragrance Market Expands at a Steady CAGR of Around 5.5% Driven by Evolving Consumer Preferences
Perfume and Fragrance Market Expands at a Steady CAGR of Around 5.5% Driven by E โ€ฆ
The Perfume and Fragrance Market size was valued at US$ 52.11 Bn. in 2024 and the total revenue is expected to grow at a CAGR of 5.5% through 2025 to 2032, reaching nearly US$ 79.97 Bn. Perfume and Fragrance Market Overview: The Perfume and Fragrance Market is characterized by a diverse range of products catering to different consumer preferences, usage occasions, and price points. From mass-market fragrances designed for daily use toโ€ฆ

All 5 Releases


More Releases for PMM

After the price narrative, are rules becoming the new consensus, How should we u โ€ฆ
After experiencing multiple bull and bear market cycles, the crypto market is gradually moving away from a single narrative centered on price fluctuations. Whether it's the Bitcoin halving, the approval of ETFs, or the rapid rotation of trending sectors, all these events reinforce a reality: while market movements can occur repeatedly, a growth model solely driven by price and sentiment is increasingly unable to support the long-term consistency of theโ€ฆ
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
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
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
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
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