Surge In Electric Vehicle Adoption Drives Growth In Semiconductor Plating System Market: A Key Factor Shaping the Future of the Permanent Magnet Motor Market in 2025

What market dynamics are playing a key role in accelerating the growth of the permanent magnet motor market?
Expectations of increased use of electric vehicles are driving an upsurge in the permanent magnet motor market. Electric vehicles (EV), which are automobiles powered either entirely or part by electricity from rechargeable batteries, are gaining ground over cars with internal combustion engines. This growth is attributed to heightened eco-awareness, government incentives, improved battery technology, and a consumer shift towards more eco-friendly transport options. Permanent magnet motors-which are renowned for their impressive efficiency, compactness, and easy maintenance-are key components of EVs and significantly boost their performance and efficiency. The World Economic Forum, a non-governmental organization based in Switzerland, attributed a notable 55% increase in EV sales in 2022 to this rising trend. Evidence shows courtesy of the EV Volumes sales database, this translated to 10.5 million units being sold in May 2023. Hence, the increasing inclination towards electric vehicles fuels progress in the permanent magnet motor market.

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How will the growth rate of the permanent magnet motor market shape industry trends by 2034?
The market size of the permanent magnet motor has seen significant expansion in recent years. It is projected to rise from $45.42 billion in 2024 to $49.95 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. The historical growth of this market can be attributed to factors such as an increase in new households, a rise in adoption within the automotive industry, improved machine efficiency, heightened demand for automobiles, and an uptick in the demand for energy-efficient motors.

In the coming years, the permanent magnet motor market is anticipated to undergo significant growth, with its size predicted to reach $72.67 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.8%. This progression in the projected period can be linked to escalating production costs, heightened motor efficiency due to the usage of permanent magnets, surging demand for permanent magnet motors (PMM), growing applications of PMDC engines in electric vehicles, and a rise in both passenger and commercial vehicle sales. The forecast period showcases key trends such as technological progress, advanced technology-based solutions, product innovations, progress in motor design and manufacturing methods, along with research and development-based innovations and investments.

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What trends are poised to drive the future success of the permanent magnet motor market?
Key companies in the permanent magnet motor sector are concentrating their efforts on the invention of novel products like brushed permanent magnet DC motors. This focus is aimed at improving their product line-up, increasing energy efficiency, and catering to the escalating need for reliable and cost-efficient solutions in diverse contexts such as the automotive, industrial automation, and consumer electronics. Brushed permanent magnet DC (PMDC) motors are a kind of electric motor that employs permanent magnets to establish the required magnetic field for operation and utilize brushes to steer current to the rotor. For instance, in June 2023, Delta Line, a company based in Switzerland that specializes in permanent magnet motors, released Brushed Permanent Magnet DC motors with high torque capacity, including models 42D1, 52D1, and 63D1. These motors are built to function in rigorous environmental conditions, possessing an IP54 protection rating and class F insulation, thereby enhancing their longevity. This provides the ability to customize even for small and medium volume requirements, with options like shaft or flange designs and special windings variations.

Which primary segments of the permanent magnet motor market are driving growth and industry transformations?
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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What regions are leading the charge in 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.

Who are the influential players reshaping the permanent magnet motor market landscape?
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.

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

•Market Size Forecast: Examine the permanent magnet motor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the permanent magnet motor market for a structured understanding.
•Key Players Overview: Analyze major players in the permanent magnet motor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the permanent magnet motor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the permanent magnet motor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the permanent magnet motor market.
•Industry Challenges: Identify potential risks and obstacles affecting the permanent magnet motor market.
•Competitive Landscape: Review strategic developments in the permanent magnet motor market, including expansions, agreements, and new product launches.

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