How Big is the Permanent Magnet Motor Market | Manufacturers & Suppliers 2025

What is the size of Permanent Magnet Motor Market?

Growth of Permanent Magnet Motor Market is attributed to increasing demand for energy-efficient motors in automotive and industrial applications, rising adoption of electric vehicles, and growing automation across manufacturing sectors.

Key Growth Drivers of the Permanent Magnet Motor Market

• The use of permanent magnet motors is growing in electric and hybrid vehicles
• Industrial automation is expanding, which requires compact and efficient motors
• Government regulations promoting energy-efficient motor technologies
• The demand is increasing in consumer appliances and robotics
• Advancements in magnet materials are improving motor performance and cost-efficiency

Permanent Magnet Motor Market Trends

The Permanent Magnet Motor Market is experiencing strong growth with notable trends, which include the rising adoption of brushless DC motors in automotive and consumer electronics. Aside from these, innovations continue to occur in rare-earth magnet materials are enhancing motor power density and efficiency. Also, the integration of smart motor systems with IoT for predictive maintenance is gaining momentum. Furthermore, lightweight and compact motor designs are driving their use in aerospace and robotics sectors.

Emerging Developments in the Permanent Magnet Motor Market

The Permanent Magnet Motor Market is seeing some major developments, including new magnet compositions that reduce reliance on scarce rare-earth elements. This market is moving forward with growing collaboration between motor manufacturers and electric vehicle companies to improve motor efficiency and durability. Further, the manufacturing capabilities expanding in Asia is supporting market growth. Furthermore, there are advances in additive manufacturing are enabling custom motor designs and faster prototyping.

List of Leading Companies in the Permanent Magnet Motor Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Nidec Corporation

This is a global leader producing permanent magnet motors for automotive, industrial, and consumer applications, focusing on high efficiency and innovation.

2. Siemens AG

This company manufactures advanced permanent magnet motors for industrial automation, energy, and transportation sectors with strong R&D capabilities.

3. Mitsubishi Electric Corporation

This company produces permanent magnet synchronous motors for use in factory automation, electric vehicles, and home appliances, with a global reach.

4. Johnson Electric Holdings Limited

This company specialises in small to medium permanent magnet motors used in automotive, industrial, and consumer electronics sectors worldwide.

5. ABB Ltd.

This company offers a range of permanent magnet motors focusing on energy efficiency and integration with smart grid and automation technologies.

6. Baldor Electric Company

This company is a member of the ABB Group, which produces industrial permanent magnet motors, emphasising durability, efficiency, and diverse industrial applications.

7. Denso Corporation

This company develops permanent magnet motors primarily for automotive applications, including electric power steering and hybrid vehicle systems.

8. WEG Industries

This company manufactures permanent magnet motors for industrial, commercial, and energy sectors and focuses on innovation and global market presence.

Permanent Magnet Motor Market 2025: FAQs