Top Factor Driving Permanent Magnet Motor Market Growth in 2025: Surge In Electric Vehicle Adoption Drives Growth In Semiconductor Plating System Market

How Big Is the Permanent Magnet Motor Market Expected to Be, and What Will Its Growth Rate Be?
Recent years have seen solid growth in the permanent magnet motor market size. The market is projected to expand from $45.42 billion in 2024 to $49.95 billion in 2025, at a compound annual growth rate (CAGR) of 10.0%. This expansion in the historical period can be ascribed to a rise in the count of new households, the surge in uptake in the automotive sector, an increase in machinery efficiency, a growing demand for automobiles, and heightened wants for energy-efficient motors.

Expectations for the permanent magnet motor market forecast indicate robust expansion over the coming years. The market is anticipated to reach $72.67 billion by 2029, representing a compound annual growth rate (CAGR) of 9.8%. The growth projections for the forecast period have several contributing factors such as the rise in production costs, improved motor efficiency facilitated by permanent magnets, increased demand for permanent magnet motors (PMM), the growing adoption of PMDC engines in electric vehicles, and a surge in both passenger and commercial vehicle sales. Key trends identified for the forecast period include developments in technology, cutting-edge solutions, product innovations, advances in motor design and production methods, as well as increased input in research and development.

What Are the Primary Growth Drivers for the Permanent Magnet Motor Market?
Rising adoption of electric cars is predicted to boost the permanent magnet motor market's expansion in the future. These automobiles are reliant either entirely or partly on electric energy stored in rechargeable batteries, rather than powered by traditional combustion engines. This surge in electric vehicles is attributed to an increase in ecological consciousness, government incentives, advancements in battery technology, and escalating consumer demand for eco-friendly transportation solutions. Electric vehicles heavily incorporate permanent magnet motors, as they offer advantages such as high operational efficiency, small size, and lesser maintenance needs, all contributing to enhanced overall automobile performance and efficiency. For example, the World Economic Forum, a Switzerland based NGO, stated in May 2023 that in the year 2022, sales of electric vehicles (EV) saw a massive increase of 55%, equating to 10.5 million units as recorded by the EV Volumes sales database. Hence, the burgeoning adoption of electric vehicles is fuelling the growth of the permanent magnet motor market.

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Who Are the Dominant Companies Influencing Permanent Magnet Motor Market Trends?
Major companies operating in the permanent magnet motor market are Robert Bosch GmbH, Siemens AG, General Electric Co., Denso Corporation, ABB Limited, Toshiba Corporation, Valeo SA, Emerson Electric Co., Parker Hannifin Corporation, Nidec Corporation, Rockwell Automation Inc., MinebeaMitsumi Inc., Ametek Inc., WEG S.A., Yaskawa Electric Corp., Johnson Electric Holdings Ltd., Wolong Electric Co. Ltd., Buhler Motors GmbH, Bonfiglioli Group, Aerotech Corporation, Sinotech Group Inc.

How Is the Permanent Magnet Motor Market Evolving?
Significant companies in the permanent magnet motor market are concentrating on the manufacture of unique products such as brushed permanent magnet DC motors. The goal is to extend their products range, enhance energy efficiency, and fulfill the growing need for dependable, cost-effective solutions across several platforms, including automotive, industrial automation, and consumer electronics. Brushed permanent magnet DC (PMDC) motors are electrical motors that utilize permanent magnets for creating the operational magnetic field, and they use brushes for transferring electric current to the rotor. For instance, in June 2023, Delta Line, a Swiss firm specializing in permanent magnet motors, introduced Brushed Permanent Magnet DC motors with high torque, including models 42D1, 52D1, and 63D1. These motors are built to work in severe environmental conditions, featuring an IP54 protection rating and F insulation class for enhanced resilience. They also provide customization options for small to medium-sized orders, which can include specifications for the shaft or flange designs and special windings variations.

What Are the Different Segmentations in the Permanent Magnet Motor Market?
The permanent magnet motormarket covered in this report is segmented -

1) By Type: Permanent Magnet Alternating Current (PMAC), Permanent Magnet Direct Current (PMDC), Brushless Direct Current (DC) Motors
2) By Power Rating: Up To 25KW, 25-100kW, 100-300KW, 300KW And Above
3) By Application: Automotive, Industrial, Consumer Electronics, Aerospace And Defense, Energy And Power Generation, Healthcare
4) By End User: Industrial, Commercial, Residential

Subsegments:
1) Permanent Magnet Alternating Current (PMAC): Synchronous PMAC Motors, Asynchronous PMAC Motors, Servo PMAC Motors
2) Permanent Magnet Direct Current (PMDC): Series Wound PMDC Motors, Shunt Wound PMDC Motors, Permanent Magnet Stepper Motors
3) Brushless Direct Current (DC) Motors: Outrunner Brushless DC Motors, Inrunner Brushless DC Motors, Servo Brushless DC Motors

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Which Region Is at the Forefront of the Permanent Magnet Motor Market?
Asia-Pacific was the largest region in the permanent magnet motor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Permanent Magnet Motor Global Market Report?

- Market Size Analysis: Analyze the Permanent Magnet Motor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Permanent Magnet Motor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Permanent Magnet Motor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Permanent Magnet Motor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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