Permanent Magnet Motor Market Analysis

Type (PMAC, PMDC, Brushless DC)

The PMAC segment is estimated to hold 45% share of the global permanent magnet motor market in the year 2035. The growth of the segment can be attributed to the increasing consumption of PMAC in the industrial manufacturing and electric vehicle sectors. Therefore, rising investment in electric vehicles and various industrial sectors is expected to drive the market’s growth. This year, global sales of electric vehicles are expected to establish a new high investment worth USD 8.3 billion

Power Rating (Up to 25 kW, 25-100kW, 100-300 kW, 300 kW & Above)

Permanent magnet motor market from the up to 25 kW segment is expected to garner a significant share of around ~46% in the year 2035. Rising demand for medical electricians, including dental instruments, body scanners, breathing systems, membrane pumps, and others is expected to drive the segment’s growth. The demand for medical equipment is rising owing to rising instances of people suffering from chronic conditions and a higher number of being hospitalized every day.

Our in-depth analysis of the global market includes the following segments:

Type	PMAC PMDC Brushless DC
Power Rating	Up to 25 kW 25-100kW 100-300 kW 300 kW & Above
End User	Industrial Commercial Residential

Frequently Asked Questions (FAQ)

Increasing demand for automated industrial equipment and the growing need for saving energy are the major factors driving the market growth.

The market size of permanent magnet motor is anticipated to attain a CAGR of approximately 10% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Rockwell Automation, Moog Inc., Brook Crompton UK Ltd., WEG S.A., Johnson Electric Holdings Limited, Franklin Electric Co., Inc., Parker Hannifin Corporation, GKN Metallurgy, Bavde Engineering, and Collins Aerospace

The PMAC segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Permanent Magnet Motor Market Analysis