The Permanent Magnet Motor Market Size was valued at USD 57.24 billion in 2024 and is expected to reach USD 132.17 billion by 2032 and grow at a CAGR of 11.06% over the forecast period of 2025-2032.
The Global Market is witnessing strong momentum, and this growth is well-captured in the Permanent Magnet Motor Market analysis, which further segments the landscape by type, end-user, cooling method, application, and regions, including in-depth insights into key growth drivers, restraints, opportunities, and challenges. It is being adopted faster due to increased demand in electric vehicles, industrial automation, and energy-efficient systems. The combination of market dynamics driven by favorable regulations and a constant increase in R&D is aiding in the rapid market growth, thus establishing permanent magnet motors as an essential component across all industry sectors from now up until the forecast period.
For instance, over 70% of modern electric vehicles now incorporate permanent magnet motors due to their high torque density and compact size.
The U.S. Permanent Magnet Motor Market size was USD 10.11 billion in 2024 and is expected to reach USD 22.11 billion by 2032, growing at a CAGR of 10.30% over the forecast period of 2025–2032.
The U.S. Market is experiencing strong growth, fueled by the increasing adoption of electric mobility, rapid growth in renewable energy projects, and a growing focus on energy-efficient motor technologies. Demand is also being bolstered by favorable government policies and the growing domestic manufacturing capabilities. Together, this is paving the way for permanent magnet motors to be used in various industrial and transportation applications, and the U.S. market becoming a major contributor to the long-term growth of the overall market.
For instance, PM synchronous motors accounted for over 78% of global EV traction motor installations in 2024.
Key Drivers:
Rising Adoption of Electric Vehicles and Industrial Automation is Significantly Fueling Demand for High-Efficiency Permanent Magnet Motors Globally
Demand for permanent magnet motors is probably soaring due to their higher efficiency and compactness, especially with the faster growth of the electric vehicle market and industrial automation. The preference is due to their accurate control, lightweight design and energy conservation, these motors are often used in EV powertrains, robotic systems and automated machinery. And industries are also transitioning from clean energy to smart manufacturing, driving the adoption of motors faster above. Permanent Magnet Motor will also see integration into motor-based products across advanced production plants as well as large scale sustainable mobility solutions; which is why most automotive OEMs are heavily investing here.
For instance, over 80% of EV manufacturers worldwide use permanent magnet motors in their powertrains due to superior torque density.
Restraints:
Volatility in Rare Earth Material Prices Disrupts Production Stability and Cost Predictability for Permanent Magnet Motors
Permanent magnet motors require rare earth elements, such as neodymium and dysprosium and most of the supply comes from a few areas globally. The production cost increases tremendously due to price fluctuations pertaining to geopolitical tensions, restrictions on mining and supply chain woes. Such cost volatility prevents small and medium manufacturers from budgeting and scaling. Additionally, over-reliance on a limited number of nations for rare earth supply chains particularly China makes global manufacturing susceptible, which is a significant reticence against steady growth of permanent magnet motor market.
Opportunities:
Emerging Markets and Electrification of Public Transport Create Vast Potential for Permanent Magnet Motor Integration
Many countries in Asia, Latin America, and Africa are undergoing rapid urbanization and are being designed around electrified public transportation systems, such as e-buses, metro trains, and hybrid systems. Owing to this context, permanent magnet motors fit these applications perfectly through high efficiency, reliability, and reduced noise. Permanent Magnet Motor Market growth is being fueled by government-mandated clean mobility, subsidies for electric public fleets, and increasing infrastructure development. Market absorption in these strong growth regions will be enhanced further by localized production and partnerships with transit authorities.
For instance, Permanent magnet motors generate up to 50% less acoustic noise compared to induction motors, improving passenger comfort in public transit.
Challenges:
Design and Integration Complexities in Retrofitting Permanent Magnet Motors into Existing Systems Pose Engineering and Cost Barriers
Though the performance advantages of permanent magnet motors and also permanent magnet generators are well known, their integration into legacy systems or replacement with conventional motors necessitates costly technical redesign, control unit conversion, and progenitor structure modification. This takes away the efficiency in terms of both, engineering effort and time of installation thus adding to the overall project cost. But industries run on moribund infrastructure will wait for such transitions only when incentivized well or beyond the point of regulatory no return. A diversity of well understood but non-standard retrofitting solutions creates further bottlenecks for implementation and slows adoption, particularly in older industrial bases.
By Application
The Electric Vehicles segment accounted for the largest revenue share of approximately 34.8% in 2024 in the Permanent Magnet Motor Market driven by rising demand for efficient and lightweight motors in EV powertrains. EV manufacturers prefer them due to their high torque density and better performance than induction motors. Construction of a PE-Set Permanent Magnet Motor Tesla, where efficiency and driving range are concerned, the company is a huge fan of permanent magnet motors. The segment is forecasted to grow with the highest CAGR of nearly 11.93% over the forecast period (2024–2032) owing to the growing EV infrastructure, incentives from the government, and shifting toward sustainable mobility.
By Type
Synchronous Motors segment accounted for the largest revenue share of the Permanent Magnet Motor Market, approximately 41.2% in 2024, owing to high operational efficiency, power factor correction capability of synchronous motors and ability to work continuously in industrial operations. They are commonly found in industrial drives, compressors, in large-scale manufacturing environments. An industry-leading maker of industrial automation equipment, Siemens offers a full line of high-performance synchronous motors suitable for energy, process industries, and heavy machinery.
Brushless DC Motors segment is expected to grow the fastest at a CAGR of 11.78% over the period of 2025-2032 due to rising usage in the applications of automotive, aerospace and consumer electronics industry. The benefits of these motors, such as better speed control, miniaturization, and less maintenance makes them very much suitable for modern smart devices and electric mobility. Companies, such as Maxon Motor are continuously expanding their range of brushless DC motors in response to the increasing demand for energy-efficient, lightweight solutions across next-gen electronics and vehicle systems.
By End-User
The Transportation segment accounted for the largest revenue share of the Permanent Magnet Motor Market, over 39.6% in 2024, owing to extensive application of permanent magnet motors in electric trains, metro systems, and electric vehicles. This trend is being further strengthened by a growing emphasis on sustainable transportation and the electrification of logistics. Among these trends, Bombardier, an electric rail system manufacturer, has adopted permanent magnet motors to enhance efficiency. Reflecting broader Permanent Magnet Motor Market trends, the transportation segment is projected to register the fastest CAGR during 2024–2032, approximately 11.71%, driven by rising investments in electric mobility, electric aviation, and rail modernization programs across developed and developing economies.
By Cooling Method
The Air-Cooled segment held the largest Permanent Magnet Motor Market share of about 62.3% in 2024, owing to its simple design, cost-effectiveness, and ease of integration for General Industrial applications These motors deliver good thermal performance for most standard applications without the need for any high-level arrangements. ABB, a world-renowned company for motor solutions, offers a diverse portfolio of air-cooled permanent magnet motors to a host of manufacturing, automation and HVAC markets for dependable efficiency and scalability.
The Liquid-Cooled segment of the market is projected to be the fastest-growing at a CAGR of around 11.61% over 2024–2032 due to rising requirements for high-power density and thermal management in small motor applications. This type of cooling enables continuous high-load performance, even during high loads and is thus suitable for electric vehicles, robotics and industrial automation. Such advances are now being embodied by developments, such as liquid-cooled permanent magnet motors from the likes of Parker Hannifin that can more effectively dissipate heat, while also increasing overall system efficiency in high-performance applications.
North America accounts for a substantial share of the Permanent Magnet Motor Market, primarily attributed to advancements in technology, the rapid industrialization, and acceptance of electric vehicles. Strong manufacturing infrastructure, favorable government initiatives, and rising renewable energy projects in the region are benefiting Evoqua Water Technologies Inc. Due to the significant demand for sustainable motor solutions, the U.S. has been targeting the market, and several firms are investing in high-efficiency motor offerings.
The U.S. dominates the North American Permanent Magnet Motor Market due to strong automotive manufacturing, advanced industrial automation, and robust investments in renewable energy. Government incentives and technological innovation further support widespread motor adoption across various sectors nationwide.
In 2024, Asia Pacific accounted for the highest revenue share of approximately 38.2% in the Permanent Magnet Motor Market, which can be attributed to extensive automotive, electronics, and manufacturing industries in countries, such as China, Japan, South Korea and India. Increasing urbanization and industrialization in the region coupled with favorable government policies is propelling the market growth. Due to the increased domestic production of rare earth elements in China and Australia, demand for electric mobility, and infrastructure investments, Asia Pacific is projected to hold the highest CAGR, 11.96 % over 2024–2032.
China leads the Asia Pacific Permanent Magnet Motor Market owing to its massive electric vehicle production, large-scale manufacturing base, and dominance in rare earth material supply. Supportive policies and heavy infrastructure investments continue to boost permanent magnet motor demand across domestic industries.
Europe is one of the significant regions in the Permanent Magnet Motor Market owing to energy efficiency regulations, robust EV adoption, and industrial modernization among others. This led to Germany and France taking the lead in clean mobility and automation. The demand for high-performance permanent magnet motors in the region is being driven by notable automotive and industrial enterprises in addition to growing R&D investments.
Germany dominates the European Permanent Magnet Motor Market due to its strong automotive industry, advanced manufacturing infrastructure, and leadership in energy-efficient technologies. Major companies like Siemens and Bosch, along with EV and renewable energy initiatives, significantly boost market growth.
The Middle East & Africa and Latin America are the new markets to be targeted in the Permanent Magnet Motor industry. Due to substantial investments in infrastructure and the ongoing transition to clean energy, the UAE is at the forefront in Middle East & Africa. Favorable policies promoting energy-efficient technologies in major applications, industrial development, and increasing interest in EVs are fueling Brazil's dominance within Latin America.
Major Key Players in Permanent Magnet Motor companies are ABB Ltd., Siemens AG, Nidec Corporation, General Electric (GE), Toshiba Corporation, Rockwell Automation, Inc., Johnson Electric Holdings Limited, Allied Motion Technologies Inc., WEG S.A. and AMETEK, Inc and others.
In June 2025, ABB introduced the AMXE250 motor with HES580 inverter package designed specifically for electric buses, achieving up to 12% fewer motor losses and enhanced drivetrain efficiency, marking a major step in sustainable urban mobility.
In December 2024, Siemens released version 2412 of Simcenter E‑Machine Design, introducing advanced axial-flux motor modeling capabilities to streamline and accelerate design of PM and PMSM motors with robust thermal and structural analyses.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD 57.24 Billion |
| Market Size by 2032 | USD 132.17 Billion |
| CAGR | CAGR of 11.06% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Electric Vehicles, Industrial Automation, Home Appliances, Renewable Energy and Robotics) • By Type (Synchronous Motors, Brushless DC Motors, Stepper Motors and Switched Reluctance Motors) • By End-User (Transportation, Manufacturing, Residential and Commercial) • By Cooling Method (Air-Cooled and Liquid-Cooled) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia,Taiwan, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ABB Ltd., Siemens AG, Nidec Corporation, General Electric (GE), Toshiba Corporation, Rockwell Automation, Inc., Johnson Electric Holdings Limited, Allied Motion Technologies Inc., WEG S.A. and AMETEK, Inc. |
Ans: The Permanent Magnet Motor Market is expected to grow at a CAGR of 11.06% from 2025-2032.
Ans: The Permanent Magnet Motor Market size was USD 57.24 billion in 2024 and is expected to reach USD 132.17 billion by 2032.
Ans: Rising adoption of electric vehicles, industrial automation, and demand for energy-efficient systems are the major drivers of market growth.
Ans: Electric Vehicles segment dominated the Permanent Magnet Motor Market.
Ans: Asia Pacific dominated the Permanent Magnet Motor Market in 2024.
Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Technology & Product-Oriented Statistics
5.2 Application & Industry-Specific Statistics
5.3 Manufacturing & Cost Metrics
5.4 Market & Innovation Trends
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Permanent Magnet Motor Market Segmentation By Application
7.1 Chapter Overview
7.2 Electric Vehicles
7.2.1 Electric Vehicles Market Trends Analysis (2021-2032)
7.2.2 Electric Vehicles Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Industrial Automation
7.3.1 Industrial Automation Market Trends Analysis (2021-2032)
7.3.2 Industrial Automation Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Home Appliances
7.4.1 Home Appliances Market Trends Analysis (2021-2032)
7.4.2 Home Appliances Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Renewable Energy
7.5.1 Renewable Energy Market Trends Analysis (2021-2032)
7.5.2 Renewable Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Robotics
7.6.1 Robotics Market Trends Analysis (2021-2032)
7.6.2 Robotics Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Permanent Magnet Motor Market Segmentation By Type
8.1 Chapter Overview
8.2 Synchronous Motors
8.2.1 Synchronous Motors Market Trends Analysis (2021-2032)
8.2.2 Synchronous Motors Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Brushless DC Motors
8.3.1 Brushless DC Motors Market Trends Analysis (2021-2032)
8.3.2 Brushless DC Motors Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Stepper Motors
8.4.1 Stepper Motors Market Trends Analysis (2021-2032)
8.4.2 Stepper Motors Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Switched Reluctance Motors
8.4.1 Switched Reluctance Motors Market Trends Analysis (2021-2032)
8.4.2 Switched Reluctance Motors Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Permanent Magnet Motor Market Segmentation By End User
9.1 Chapter Overview
9.2 Transportation
9.2.1 Transportation Market Trends Analysis (2021-2032)
9.2.2 Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Manufacturing
9.3.1 Manufacturing Market Trends Analysis (2021-2032)
9.3.2 Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Residential
9.4.1 Residential Market Trends Analysis (2021-2032)
9.4.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Commercial
9.4.1 Commercial Market Trends Analysis (2021-2032)
9.4.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Permanent Magnet Motor Market Segmentation By Cooling Method
10.1 Chapter Overview
10.2 Air-Cooled
10.2.1 Air-Cooled Market Trends Analysis (2021-2032)
10.2.2 Air-Cooled Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Liquid-Cooled
10.3.1 Liquid-Cooled Market Trend Analysis (2021-2032)
10.3.2 Liquid-Cooled Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Permanent Magnet Motor Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.2.3 North America Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.4 North America Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.2.5 North America Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.2.6 North America Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.7.2 USA Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.2.7.3 USA Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.2.7.4 USA Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.8.2 Canada Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.2.8.3 Canada Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.2.8.4 Canada Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.9.2 Mexico Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.2.9.3 Mexico Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.2.9.4 Mexico Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Europe Permanent Magnet Motor Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.3.3 Europe Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.4 Europe Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.5 Europe Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.6 Europe Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.7 Germany
11.3.7.1 Germany Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.7.2 Germany Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.7.3 Germany Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.7.4 Germany Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.8 France
11.3.8.1 France Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.8.2 France Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.8.3 France Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.8.4 France Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.9 UK
11.3.9.1 UK Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.9.2 UK Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.9.3 UK Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.9.4 UK Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.10 Italy
11.3.10.1 ItalyPermanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.10.2 Italy Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.10.3 Italy Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.10.4 Italy Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.11 Spain
11.3.11.1 Spain Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.11.2 Spain Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.11.3 Spain Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.11.4 Spain Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.12 Poland
11.3.12.1 Poland Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.12.2 Poland Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.12.3 Poland Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.12.4 Poland Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.13 Turkey
11.3.13.1 Turkey Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.13.2 Turkey Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.13.3 Turkey Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.13.4 Turkey Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.3.14 Rest of Europe
11.3.14.1 Rest of Europe Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.14.2 Rest of Europe Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.3.14.3 Rest of Europe Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.3.14.4 Rest of Europe Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.4.3 Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.4 Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.5 Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.6 Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.7.2 China Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.7.3 China Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.7.4 China Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.8.2 India Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.8.3 India Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.8.4 India Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.9.2 Japan Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.9.3 Japan Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.9.4 Japan Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.10.2 South Korea Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.10.3 South Korea Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.10.4 South Korea Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.11 Singapore
11.4.11.1 Singapore Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.11.2 Singapore Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.11.3 Singapore Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.11.4 Singapore Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.12 Australia
11.4.12.1 Australia Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.12.2 Australia Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.12.3 Australia Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.12.4 Australia Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.13 Taiwan
11.4.13.1 Taiwan Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.13.2 Taiwan Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.13.3 Taiwan Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.13.4 Taiwan Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Trend Analysis
11.5.2 Middle East and Africa Permanent Magnet Motor Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.5.3 Middle East and Africa Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.4 Middle East and Africa Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.5 Middle East and Africa Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.6 Middle East and Africa Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5.7 UAE
11.5.7.1 UAE Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.7.2 UAE Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.7.3 UAE Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.7.4 UAE Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5.8 Saudi Arabia
11.5.8.1 Saudi Arabia Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.8.2 Saudi Arabia Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.8.3 Saudi Arabia Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.8.4 Saudi Arabia Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5.9 Qatar
11.5.9.1 Qatar Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.9.2 Qatar Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.9.3 Qatar Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.1.9.4 Qatar Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5.10 South Africa
11.5.10.1 South Africa Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.10.2 South Africa Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.10.3 South Africa Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.10.4 South Africa Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.5.11 Rest of Middle East & Africa
11.5.11.1 Rest of Middle East & Africa Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.11.2 Rest of Middle East & Africa Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.5.11.3 Rest of Middle East & Africa Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.5.11.4 Rest of Middle East & Africa Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Permanent Magnet Motor Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.6.3 Latin America Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.4 Latin America Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.6.5 Latin America Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.6.6 Latin America Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.7.2 Brazil Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.6.7.3 Brazil Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.6.7.4 Brazil Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.8.2 Argentina Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.6.8.3 Argentina Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.6.8.4 Argentina Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Permanent Magnet Motor Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.9.2 Rest of Latin America Permanent Magnet Motor Market Estimates and Forecasts By Type (2021-2032) (USD Billion)
11.6.9.3 Rest of Latin America Permanent Magnet Motor Market Estimates and Forecasts By End User (2021-2032) (USD Billion)
11.6.9.4 Rest of Latin America Permanent Magnet Motor Market Estimates and Forecasts By Cooling Method (2021-2032) (USD Billion)
12. Company Profiles
12.1 ABB Ltd.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Siemens AG
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Nidec Corporation
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 General Electric (GE)
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Toshiba Corporation
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Rockwell Automation, Inc.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Johnson Electric Holdings Limited
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Allied Motion Technologies Inc.
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 WEG S.A.
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 AMETEK, Inc.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Application
Electric Vehicles
Industrial Automation
Home Appliances
Renewable Energy
Robotics
By Type
Synchronous Motors
Brushless DC Motors
Stepper Motors
Switched Reluctance Motors
By End-User
Transportation
Manufacturing
Residential
Commercial
By Cooling Method
Air-Cooled
Liquid-Cooled
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Taiwan
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players