Permanent Magnet Motor Market - Top Companies and Manufacturers

  • Report ID: 5170
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Companies Dominating the Permanent Magnet Motor Landscape

top-features-companies
    • Collins Aerospace
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rockwell Automation, Inc.
    • Moog Inc.
    • Brook Crompton UK Ltd.
    • WEG S.A.
    • Johnson Electric Holdings Limited
    • Franklin Electric Co., Inc.
    • Parker Hannifin Corporation
    • GKN Metallurgy
    • Bavde Engineering Ltd.

Browse Key Market Insights with Data Illustration:

In the News

  • Collins Aerospace has launched the first functional prototype of a 500 kW electric motor, especially for Airland 10 aircraft. The production was successfully conducted in partnership with the University of Nottingham and Hybrid Air Vehicles.
  • Bavde Engineering Ltd. an Indian automotive manufacturer announced the partnership with Israeli startup, EVR Motors to develop electric motors for the electric vehicle market.

Author Credits:  Dhruv Bhatia


  • Report ID: 5170
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of permanent magnet motor is evaluated at USD 51.2 Billion.

The permanent magnet motor market size was over USD 47.8 Billion in 2023 and is projected to exceed USD 132 Billion by the end of 2036, witnessing over 10.1% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for automated industrial equipment and the growing need for saving energy are the major factors driving the market growth.

North America industry is estimated to be the second largest, registering a share of about 26% by 2036, impelled by the rising efforts by the government to build a sustainable and energy-efficient environment in the region.

Collins Aerospace, Rockwell Automation, Inc., Moog Inc., Brook Crompton UK Ltd., WEG S.A., Johnson Electric Holdings Limited, Franklin Electric Co., Inc., Parker Hannifin Corporation, GKN Metallurgy, Bavde Engineering Ltd.
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