Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential, and Healthcare), and Region - Global Forecast to 2023

Published: May 2018
No. of Pages: 137
Single User License: US $ 5650
Corporate User License: US $ 8150

“The permanent magnet motor market is projected to grow at a CAGR of 8.87%, from 2018 to 2023.”

The permanent magnet motor market is projected to reach USD 45.13 billion by 2023, from an estimated USD 29.50 billion in 2018, at a CAGR of 8.87%, during the forecast period. The increasing demand for energy-efficient & low-cost maintenance motors have boosted the demand for permanent magnet motors. Also, the increasing implementation of permanent magnet motors across industries would further aid the growth of this market. High initial cost of permanent magnet motors would act as are straint for the permanent magnet motor market.

“The up to 25 kW segment is expected to grow at the highest CAGR, from 2018 to 2023.”

The up to 25 kW segment is expected to be the fastest-growing permanent magnet motor market, by power rating, from 2018 to 2023. It is considered to be the ideal power range for permanent magnet motors. These motors are used in various application areas such as textile, pulp & paper, medical devices, aerospace, robotics, window shutters, air conditioners, door shutters, and electrical vehicles. Application-based demand is high for this particular power range, resulting in the higher market share of up to25 kW permanent magnet motors. The demand for up to 25 kW permanent magnet motors is also driven by the increasing demand for energy-efficient motors in developing countries such as India, China, and Japan.

“The industrial segment is expected to dominate the permanent magnet motor market from 2018 to 2023.”

The industrial segment is estimated to be the largest market for permanent magnet motors in 2018. The market for the industrial segment is driven by the investments being made inthe electronic and automotive sectors in order to increase efficiency, productivity, reliability, and safety in the industrial sector.

“Asia Pacific: The largest market for permanent magnet motor”

Asia Pacific is expected to be the largest market for permanent magnet motors in 2018, followed by North America and Europe. China and Japan are expected to be the largest markets for permanent magnet motors in the region because of significant investments being made in the industrial sector.

The permanent magnet motor market is also growing at a good pace in countries such as India, Australia, and South Korea because of increasing infrastructure developments. These factors are expected to boost the growth of the permanent magnet motor market in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 51%, Tier 2- 30%, and Tier 3- 19%
  • By Designation: C-Level- 31%, D-Level- 43%, Others- 26%
  • By Region: Asia Pacific- 30%,Europe- 27%, North America- 21%, Middle East- 12%, and South America- 6%, and Africa- 4%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 =

The leading players in the permanent magnet motor market include GE (US), Siemens (Germany), ABB (Switzerland), Toshiba Corporation (Japan), and Emerson (US).

Research Coverage:

The report defines, describes, and forecasts the global permanent magnet motor market by type, power rating, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.  

Why Buy this Report?

  • The report identifies and addresses key markets for permanent magnet motor, which would help suppliers review the growth in the demand for the product.
  • The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1752

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy