Key Permanent Magnet Motor Market Players:
- ABB Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Siemens AG
- Nidec Corporation
- Rockwell Automation, Inc.
- Wolong Electric Group Co., Ltd.
- WEG S.A.
- Toshiba Corporation
- Emerson Electric Co.
- Hyundai Electric & Energy Systems
- Franklin Electric Co., Inc.
- Allied Motion Technologies Inc.
- Yaskawa Electric Corporation
- Havells India Ltd.
- Firstway (M) Sdn. Bhd.
- Austorque Australia Pty Ltd.
The permanent magnet motor market is driven by a high demand for automation and IoT. ABB and Siemens dominate the global PMM landscape with AI-driven motor controls. Rockwell Automation has embraced NIST's cybersecurity framework to improve Trust. Havells and Firstway are targeting cost-sensitive applications with ferrite motors. Australian companies are exploring rare-earth-free and other sustainable electric motor innovations. Companies are primarily focusing on R&D and recycling opportunities while exploring potential private-sector partnerships to combat supply chain risks.
Below is the list of some prominent players operating in the global market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of permanent magnet motor is evaluated at USD 61.80 billion.
The market size for the permanent magnet motor is projected to reach USD 160.29 billion by the end of 2036, expanding at a CAGR of 10.0% during the forecast period i.e., between 2027-2036.
The major players in the market include ABB Ltd., Siemens AG, Nidec Corporation, Rockwell Automation, Inc., Wolong Electric Group Co., Ltd., WEG S.A., Toshiba Corporation, Emerson Electric Co., Hyundai Electric & Energy Systems, Franklin Electric Co., Inc., Allied Motion Technologies Inc., Yaskawa Electric Corporation, Havells India Ltd., Firstway (M) Sdn. Bhd., Austorque Australia Pty Ltd.
The PMAC segment of the permanent magnet motor market is projected to hold a dominant 45.2% revenue share by the end of 2036.
The North American market is poised to hold a revenue share of 37% by 2036, led by the government initiatives that support digital infrastructure and clean energy.
