Global Permanent Magnet Motor Strategic Business Report 2023: Adoption of Industrial Automation Technologies and Robotics Augurs Well

Dublin, June 22, 2023 (GLOBE NEWSWIRE) -- The "Permanent Magnet Motor: Global Strategic Business Report" report has been added to's offering.

The global market for Permanent Magnet Motor estimated at US$28.6 Billion in the year 2022, is projected to reach a revised size of US$53.2 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.

Alternate Current Motor, one of the segments analyzed in the report, is projected to record a 9% CAGR and reach US$24.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Direct Current Motor segment is readjusted to a revised 7.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 9.5% CAGR

The Permanent Magnet Motor market in the U.S. is estimated at US$5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.9 Billion by the year 2030.

Select Competitors (Total 41 Featured) -

  • ABB Ltd.
  • Allied Motion Technologies Inc.
  • AMETEK, Inc.
  • Autotrol Corporation
  • Bonfiglioli Italia S.P.A.
  • Bosch Rexroth AG
  • Buhler Motor Group
  • Emerson Electric Co.
  • Franklin Electric
  • Johnson Electric Holdings Limited
  • Nidec Corporation
  • Rockwell Automation, Inc.
  • Siemens AG
  • Toshiba International Corporation
  • WEG S.A.
  • Yaskawa Electric Corporation

Key Attributes:

Report AttributeDetails
No. of Pages200
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$28.6 Billion
Forecasted Market Value (USD) by 2030$53.2 Billion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • An Introduction to Permanent Magnet Motor
  • Permanent Magnet Alternate Current (PMAC) Motor
  • Permanent Magnet Direct Current (PMDC) Motor
  • Brushless DC Motors (BLDC)
  • Demagnetization of Permanent Magnet
  • Global Permanent Magnet Motor Market: Overview and Outlook
  • World Permanent Magnet Motors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Alternate Current Motor, Direct Current Motor, and Brushless DC Motor
  • Permanent Magnet Motor Market Brimming with Significant Growth Potential
  • World Permanent Magnet Motors Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Industrial, Commercial & Residential, Healthcare, and Other End-Uses
  • Regional Market Analysis: Asia Pacific Dominates
  • World Permanent Magnet Motors Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Permanent Magnet Motors Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Competitive Landscape
  • Recent Market Activity
  • Select Brands
  • Permanent Magnet Motor - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Adoption of Industrial Automation Technologies and Robotics Augurs Well
  • Industrial Robot Density (Units Per 10,000 Workers) for the Years 2019 & 2023
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Relevance in Automotive Sector
  • Recovery in Automotive Industry Post COVID-19 to Steer Demand
  • World Automobile Production in Million Units: 2008-2022
  • Emphasis on Electric Vehicles to Fuel Demand
  • Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
  • Opportunities in Healthcare Equipment Sector
  • PM Motors in Aerospace Applications
  • Relevance in Textile Industry Equipment
  • Permanent Magnet Synchronous Motors Warrant Attention from Diverse Applications
  • Permanent Magnet Synchronous Motors Shift Ground for Elevator Technology
  • Energy Efficiency Requirements Bode Well
  • Technology Innovations
  • Select Advancements
  • Market Suffers Due to Shortage of Rare Earth Elements
  • High Costs: A Major Issue
  • Neodymium Magnets Grow in Popularity
  • Soft Magnetic Composite Materials for PM Motors




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Global Market for Permanent Magnet Motor

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