Permanent Magnet Electric Motor Market was valued at USD 24.5 Billion in 2022 and is projected to reach USD 39.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The Permanent Magnet Electric Motor market was valued at approximately USD 33.4 billion in 2022 and is projected to reach around USD 55.2 billion by 2027. This growth represents a compound annual growth rate (CAGR) of 10.4% during the forecast period. The market's expansion is driven by increasing demand for energy-efficient solutions and the rapid adoption of electric vehicles (EVs), which necessitate advanced motor technologies. The shift towards renewable energy sources and the push for sustainability in various industrial sectors are also contributing to this significant market growth.
Opportunity analysis reveals that emerging markets, particularly in Asia-Pacific and Latin America, present substantial growth potential due to industrialization, rising disposable incomes, and supportive government policies promoting green technologies. The expansion of the automotive and consumer electronics industries in these regions is expected to further drive the demand for permanent magnet electric motors. Additionally, advancements in motor design and manufacturing processes are creating new opportunities for innovation and efficiency improvements, enhancing the market's attractiveness for investors and stakeholders.
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ABB
Siemens
Rockwell Automation
Nidec Corporation
Johnson Electric
Wolong Electric
WEG
Allied Motion
AMETEK
Toshiba
Regal Beloit
Yaskawa
Liebherr
Faulhaber
TECO
Dumore
Kolmorgen
Electrocraft
Cartermotor Company
Mark Elektriks
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Permanent Magnet Electric Motor Market
Office Automation
Factory Automation
Lab Equipment
Military/Aerospace
Based on Types the Market is categorized into Below types that held the largest Permanent Magnet Electric Motor market share In 2023.
4.0 KW and Below
4.0 to 22.0 KW
Between 22.0 To 75.0 KW
75.0 KW and Above
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Permanent Magnet Electric Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Permanent Magnet Electric Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Permanent Magnet Electric Motor Market, By Type
6. Global Permanent Magnet Electric Motor Market, By Application
7. Global Permanent Magnet Electric Motor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Permanent Magnet Electric Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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