Magnetic Gear Motor (MGM) Market Share Driven by Demand in Energy and Transportation Sectors | Valuates Reports

Magnetic Gear Motor (MGM) Market
Magnetic Gear Motor (MGM) is a new type of dual-rotor permanent magnet motor. MGM is composed of magnetic field modulation type magnetic gear and traditional permanent magnet synchronous motor in structure. It can be divided into many different topological types according to different compounding methods. Due to the introduction of magnetic field pole changing and deceleration effect of magnetic gear, magnetic gear compound motor can be regarded as a motor system with a reducer, which can multiply the output torque of permanent magnet motor and achieve a significant increase in torque density. Magnetic gear compound motor has small leakage flux and power factor similar to conventional permanent magnet motor, which is much higher than vernier motor, so it is more suitable for large load occasions.
With the continuous deepening of the research on the structure and principle of magnetic gear compound motor, and the introduction of some traditional motor structures and analysis methods, the performance and application fields of MGM have been expanded. At present, MGM has shown good application prospects in the fields of electric transportation drive, new energy power generation, power distribution, petrochemical industry, etc., and has become one of the research hotspots in the field of motors.
The global Magnetic Gear Motor (MGM) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-11V18213/Global_Magnetic_Gear_Motor_MGM_Market_Research_Report_2024

The Magnetic Gear Motor (MGM) Market is witnessing steady market growth as industries focus on efficiency, reliability, and sustainable solutions. Market trends indicate rising adoption across renewable energy systems and electric mobility, with companies investing in advanced motor technologies to reduce maintenance and enhance performance. Growing emphasis on clean energy policies, along with the shift toward electrification in multiple industries, is further strengthening the overall market size.

By type, the axial/radial tandem type currently holds the largest market share due to its robust design, torque density, and broad suitability for industrial applications. The pseudo direct drive type is projected to experience the fastest market growth, supported by its ability to deliver high efficiency in compact systems. Meanwhile, adjustable stator types are gaining traction in specialized areas where adaptability and performance optimization are critical, adding diversity to the market landscape.

In terms of application, electric and hybrid vehicles represent the leading segment, holding the largest market share as the automotive sector accelerates its transition toward sustainable powertrains. The new energy power generation sector is emerging as the fastest-growing application, driven by rising investments in wind, solar, and other renewable technologies. Ship electric propulsion and petrochemical industries are also contributing to the expansion of the market size, supported by the need for reliable, high-torque systems.

Looking ahead, the market forecast suggests a strong trajectory for magnetic gear motors as technological innovations and industrial adoption expand. Advancements in magnet materials, integration of digital monitoring systems, and strategic collaborations between energy and automotive manufacturers are expected to accelerate market trends. With supportive regulations and continuous improvements in energy efficiency, the Magnetic Gear Motor (MGM) Market is positioned for sustained market growth in the coming years.

by Type

• Axial/Radial Tandem Type
• Pseudo Direct Drive Type
• Adjustable Stator Type

by Application

• New Energy Power Generation
• Electric/Hybrid Vehicles
• Ship Electric Propulsion
• Petrochemical

By Company

GEORGII KOBOLD, Magnomatics, Witte, Transtecno, Württembergische Elektromotoren, Tianan Electronic

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-11V18213/global-magnetic-gear-motor-mgm

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

This release was published on openPR.