Press release
Permanent Magnet Motor Market Projected to Reach USD 130.08 Billion by 2034, Growing at a CAGR of 9.5%
Polaris Market Research announces the release of its latest study on the Permanent Magnet Motor market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings,Global Permanent Magnet Motor Market size and share is currently valued at USD 52.61 billion in 2024 and is anticipated to generate an estimated revenue of USD 130.08 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 9.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034
What is Permanent Magnet Motor?
A Permanent Magnet Motor (PMM) is an electric motor that uses permanent magnets embedded in the rotor to create a magnetic field, eliminating the need for external excitation or field windings. These motors are highly efficient, compact, and reliable, making them ideal for applications in automotive, industrial machinery, HVAC systems, and consumer electronics. Their high torque-to-weight ratio and energy efficiency drive increasing demand across multiple sectors.Download Free Sample PDF Copy of the Report:
What Is the Report Scope?
Provides a comprehensive analysis of the market, including historical data, current trends, and future projections.
Covers both qualitative and quantitative insights to support strategic decision-making.
Examines key market segments and sub-segments to offer an in-depth market assessment.
Includes detailed regional analysis covering major geographic markets.
Assesses the competitive landscape with profiles of leading players, recent developments, and strategic initiatives.
Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/permanent-magnet-motor-market/request-for-sample
Permanent Magnet Motor Market Drivers:
Rising Demand for Energy Efficiency:
Governments and industries are increasingly focusing on energy-efficient technologies to reduce power consumption and carbon emissions. Permanent magnet motors offer superior efficiency compared to conventional motors, making them highly desirable in electric vehicles, robotics, and manufacturing automation.
Surge in Electric Vehicle Adoption:
The global shift toward electric mobility has significantly boosted the demand for PMMs due to their high power density, lightweight structure, and better performance. As EV manufacturers seek reliable and compact motor solutions, PMMs are becoming a preferred choice.
Industrial Automation Growth:
The rapid expansion of industrial automation and smart manufacturing has accelerated the use of permanent magnet motors. These motors ensure precise control and reduced maintenance, aligning with the automation goals of modern industries.
Technological Advancements:
Continuous innovations in magnetic materials and motor design have enhanced the performance of PMMs. Improvements in rare-earth magnets and motor control systems have contributed to broader adoption across diverse end-use sectors, including aerospace, healthcare, and renewable energy.
Who Are Market Key Players?
This market features dynamic competition where prominent organizations continuously innovate and pursue strategic alliances to expand their market share and influence. Key Permanent Magnet Motor market participants include:
ABB Ltd.
Allied Motion Technologies Inc.
Johnson Electric Holdings Limited
NIDEC CORPORATION
Rockwell Automation, Inc.
Siemens AG
Toshiba Corporation
WEG S.A.
Wolong Electric Group Co. Ltd.
Yaskawa Electric Corporation
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/permanent-magnet-motor-market
Which Region Leads Market Demand?
The global market exhibits varied growth patterns across regions, with certain areas leading due to strong industrial presence, higher investment levels, and favorable economic conditions.
By Regional Outlook (Revenue-USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Malaysia
Suth Korea
Indnesia
Australia
Vietnam
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
Suth Africa
Rest of Middle East & Africa
Latin America
Mexic
Brazil
Argentina
Rest of Latin America
How Is Market Segmentation Done?
The market segmentation section provides a clearer understanding of demand patterns and growth opportunities across different segments. The market is segmented based on the following key parameters:
Permanent Magnet Motor Market, Type Outlook (Revenue - USD Billion, 2020-2034)
Permanent Magnet AC Motor
Permanent Magnet DC Motor
Brushless DC Motor
Permanent Magnet Motor Market, Power Rating Outlook (Revenue - USD Billion, 2020-2034)
Upto 25KW
25-100 KW
100-300KW
300KW & Above
Permanent Magnet Motor Market, End-use Outlook (Revenue - USD Billion, 2020-2034)
Industrial
Commercial & Residential
Others
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers
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 Projected to Reach USD 130.08 Billion by 2034, Growing at a CAGR of 9.5% here
News-ID: 4098819 • Views: …
More Releases from Polaris Market Research & Consulting
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for Permanent
Global Permanent Fall Protection Market Size by Application, Type, and Geography …
USA, New Jersey- According to Market Research Intellect, the global Permanent Fall Protection market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The permanent fall protection market is poised for steady growth as industries place increasing emphasis on worker safety and regulatory compliance. With stringent safety…
Why are permanent magnet motors permanent magnet motors more efficient?
The permanent magnet synchronous motor [https://www.cndfdmotor.com/ty2-series-high-efficiency-permanent-magnet-synchronous-motor/] is mainly composed of a stator, a rotor and a housing. Like ordinary AC motors, the stator core is a laminated structure to reduce iron loss due to eddy current and hysteresis effects during motor operation; the winding is usually a three-phase symmetrical structure, but the parameter selection is quite different. The rotor part has various forms, including permanent magnet rotors with starting squirrel…
Permanent Magnets Market 2019 | Worldwide Forecast 2025 | Major Players - Molyco …
Permanent Magnets Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/62352
UpMarketResearch offers a latest published report on “Global Permanent MagnetsMarket Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive advantage to clients…
Permanent Magnet Market Future Growth Analysis and Business Opportunities 2027 - …
Permanent magnets are magnets that retain their magnetic properties even after the removal of magnetizing force. The internal structure of the material generates the magnetic field in the permanent magnets. Their function is to convert electrical energy to mechanical energy and vice versa, to control electrons or ions and use the attraction or repulsion between magnets. Many generators, electric motors, measuring instruments work on permanent magnets. Alnico magnets make use…
Europe Hair Color Market: Permanent and Demi-Permanent Hair Colors Held Nearly 6 …
From continued focus on the naturally-derived ingredients to demand for ethical products traversing preference of generations, Europe hair color market continues on an upward spiral. Hair color sales in Europe are envisaged to exceed US$ 500 Mn in 2018. Majority of the hair color market in Europe is concentrated in Germany and the U.K. – collectively these two regions will hold over three-fifth value share in 2018.
Get Free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=305
Permanent…
Automotive Fasteners Market Basis Of Characteristics Removable, Semi-permanent, …
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as…
