Permanent Magnet Motor Market 2019 | Global Analysis, Opportunities, Industry Size, Share Leaders, Growth Factors by Major Key vendors and Trends by Forecast up to 2023

“\”MRFR\’s segmentation of the Global Permanent Magnet Motor Market has been performed on the basis of Type, Power Rating, End-User, and Region\””
“The permanent magnet motor market is expected to expand at 8.70% CAGR during the period 2019 to 2023”

Market Insights

Permanent magnet motor is a type of electric motor which is brushless and uses permanent magnets as opposed to winding in the field. The Global Permanent Magnet Motor Market has been analyzed thoroughly in MRFR’s new report on the subject. The growth of the global market is anticipated at a CAGR of 8.70% which indicates above-average growth over the assessment period from 2017 to 2023.

Permanent magnet motors offer increased levels of efficiency and offer various advantages with use. High power density and ease of control are some of the advantages which drive the adoption of permanent magnet motors. Additionally, there is low mechanical friction loss due to the lack of mechanical commutators and brushes. Permanent magnet motors are compact in size, efficiency, and do not require a cooling fan. The increasing demand for energy efficiency and affordable maintenance motors will likely drive the market due to its positive impact on the demand for permanent magnet motors. Industrial applications are rather high, as permanent magnet motors are used in automotive, textile, oil & gas,  f&B, robotics, aerospace, and others. Many of these industrial sectors are expanding at a rapid rate, which is expected to increase the demand for permanent magnet motors. Automotive vehicles, in particular, are witnessing a high adoption as they become increasingly electric and the demand for electric vehicles rises.

The market is likely to witness the growth of opportunities in the global market over the forecast period due to advancement in technology.

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Key Players

Market players of note that have been included in the report include

  • ABB (Switzerland)
  • General Electric (US)
  • WEG (Brazil)
  • Johnson Electric (Hongkong)
  • Emerson (US)
  • Yaskawa (Japan)
  • Toshiba Corporation (Japan)
  • Nidec (Japan)
  • Ametek (US)
  • Siemens (Germany)
  • Rockwell (US)
  • Allied Motion (US)

These players have been observed for their role in the competitive landscape of the global permanent magnet motor market.

Market Segmentation

MRFR’s segmentation of the Global Permanent Magnet Motor Market has been performed on the basis of Type, Power Rating, End-User, and Region.


  • Permanent magnet AC motor (PMAC)
  • Permanent magnet DC motor (PMDC)
  • Brushless DC motor

Power Rating

  • Up to 25 kW
  • 25-100 kW
  • 100-300kW
  • 300 kW & Above


  • Industrial
  • Commercial
  • Residential
  • Healthcare
  • Others

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Market Research Analysis

Asia Pacific is estimated to be the fastest growing market for permanent magnet motor.

Region wise, Asia Pacific held the largest market share of the global permanent magnet motor market in 2017. It is estimated that Asia-Pacific region would also be the fastest growing market during the forecast period, mainly due to increasing investment in industrial and manufacturing sectors, namely, oil & gas, automotive, consumer electronics, packaging, robotics, chemicals, and paper & pulp, among others. Countries such as China and Japan have implemented energy efficiency mandates to save electricity consumption which would further drive the market for permanent magnet motors.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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