Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, and Rest of Asia), By Type (PMAC, PMDC, Brushless DC), By Power Rating (Up to 25 kW, 25-100 kW, 100-300 kW, 300 kW and Above), By End-user (Industrial, Commercial and Residential, Others) And Competitive Landscape
| Product Code: ETC077029 | Publication Date: Aug 2021 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
| Report Name | Asia Pacific Permanent Magnet Motor Market |
| CAGR | 9.8% |
| Market Size | USD 9.8 Billion By 2031 |
| Growing Sector | Industrial |
| Forecast Period | 2025-2031 |
Asia Pacific Permanent Magnet Motor Market report thoroughly covers the by Power Rating, by type, by Countries and by end user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific Permanent Magnet Motor Market has been experiencing significant growth over the past few years. The Market is projected to expand at a CAGR of 9.8% from 2025 to 2031. Additionally, by 2031, the market size is expected to reach around USD 9.8 billion.
The Asia Pacific permanent magnet motor market has experienced significant growth in recent years, driven by advancements in technology, increasing industrial automation, and the rising demand for energy-efficient solutions. Permanent magnet motors are widely used in various sectors, including automotive, electronics, robotics, and renewable energy, due to their high efficiency, compact size, and reliability. The region's rapid industrialization and growing investments in sustainable energy projects are further fueling the market expansion. Key contributors to this growth include countries like China, Japan, and South Korea, which are leading in innovation and production. The market is expected to continue its upward trajectory, bolstered by government initiatives promoting eco-friendly technologies and the integration of smart systems across industries.
According to 6Wresearch, the Asia Pacific Permanent Magnet Motor Market revenue is expected to reach at a significant CAGR of 9.8% during the forecast period 2025-2031. The Asia Pacific permanent magnet motor market is experiencing significant growth due to several driving factors. One of the key drivers is the increasing adoption of energy-efficient technologies across various industries, fueled by stringent government regulations on energy conservation. The growing demand from sectors such as automotive, industrial machinery, and consumer electronics also contributes to market expansion. Additionally, advancements in materials science, such as the development of high-performance rare-earth magnets, are enhancing motor efficiency and reliability.
The high cost of rare-earth materials, primarily sourced from a limited number of suppliers, contributes to supply chain disruptions and price volatility. Furthermore, environmental concerns related to the mining and extraction of these materials present additional obstacles. Manufacturers must also address competition from alternative motor technologies, which continue to improve in performance and affordability. Balancing these factors will be crucial for sustained growth in this dynamic market.
The Asia Pacific permanent magnet motor market is driven by the presence of several prominent companies that leverage advanced technologies and innovative solutions to maintain their competitive edge. Key players in this market include Mitsubishi Electric Corporation, Toshiba Corporation, Nidec Corporation, and LG Electronics. These companies are renowned for their extensive product portfolios, research and development capabilities, and strong regional presence, which collectively contribute to the growth of the market. Additionally, emerging players in the region are gaining momentum by focusing on energy-efficient solutions and catering to the rising demand across various industries such as automotive, electronics, and renewable energy.
The Asia Pacific region has witnessed significant growth in the adoption of permanent magnet motors, driven by increasing demand across industries such as automotive, electronics, and renewable energy. Governments in this region have introduced various regulations to promote energy efficiency and reduce carbon emissions, which directly impact the permanent magnet motor market. For instance, countries like China, Japan, and India have implemented stringent energy efficiency standards and policies encouraging the use of advanced motor technologies to minimize energy consumption. Additionally, several nations offer incentives and subsidies for industries adopting eco-friendly solutions, further boosting the proliferation of permanent magnet motors in the region.
The Asia Pacific permanent magnet motor market is poised for substantial growth in the coming years, driven by advancements in technology and increasing demand for energy-efficient solutions. With rising industrial automation and the adoption of electric vehicles, the market is expected to witness significant innovations and expansions. This region, with its robust manufacturing hubs and growing renewable energy initiatives, presents lucrative opportunities for manufacturers and investors. Additionally, government incentives and regulatory support for sustainable energy are anticipated to further accelerate market growth. Emerging trends, such as the integration of IoT in motor systems and the development of high-performance magnet materials, are set to shape the future landscape of this dynamic market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, India has emerged as a significant player in the Asia Pacific permanent magnet motor market, driven by rapid industrialization, a growing focus on energy efficiency, and advancements in automotive and renewable energy sectors. The demand for permanent magnet motors is increasing due to their high efficiency, compact size, and reliability. Industries such as electric vehicles (EVs), robotics, and HVAC systems are key contributors to this growth. Additionally, government initiatives promoting renewable energy and electric mobility have further fueled the adoption of permanent magnet motors in India. With its expanding manufacturing capabilities and supportive policy framework, India is poised to play a pivotal role in shaping the market dynamics of the Asia Pacific region.
The brushless DC (BLDC) permanent magnet motor market in the Asia-Pacific region is witnessing significant growth due to rising demand across various industries. These motors are valued for their efficiency, reliability, and compact design, making them suitable for automotive, industrial machinery, and consumer electronics applications. Key drivers include the increased adoption in electric vehicles (EVs), the push for energy-efficient solutions, and advancements in industrial automation. Countries like China, India, and Japan are leading the way, fueled by government initiatives promoting sustainable and electrified technologies.
The demand for permanent magnet motors with a power rating of up to 25kW is particularly robust in the Asia-Pacific market. These motors cater to applications requiring high efficiency and performance at lower power levels, such as electric scooters, small EVs, robotics, and light industrial machinery. The growth of urbanization and the rise of micro-mobility solutions in countries like China and India have contributed significantly to the adoption of these motors. Additionally, government incentives supporting the transition to energy-efficient technologies play a critical role in driving innovation and competitiveness within this segment.
The Asia-Pacific region presents a lucrative commercial opportunity for players in the permanent magnet motor market. With the rising adoption of energy-efficient motors across industries, manufacturers are scaling up production to meet increasing demand. Key industries driving this growth include automotive, consumer electronics, and industrial machinery, where permanent magnet motors are favored for their superior performance and reduced energy consumption. Furthermore, partnerships with local distributors and investments in regional manufacturing hubs help companies reduce costs while boosting market reach.
The market report has been segmented and sub segmented into the following categories:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Asia Pacific Permanent Magnet Motor Market Overview |
| 3.1 Asia Pacific Permanent Magnet Motor Market Revenues & Volume, 2021 & 2031F |
| 3.2 Asia Pacific Permanent Magnet Motor Market - Industry Life Cycle |
| 3.3 Asia Pacific Permanent Magnet Motor Market - Porter's Five Forces |
| 3.4 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.5 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
| 3.6 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
| 3.7 Asia Pacific Permanent Magnet Motor Market Revenues & Volume Share, By End-user, 2021 & 2031F |
| 4 Asia Pacific Permanent Magnet Motor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Asia Pacific Permanent Magnet Motor Market Trends |
| 6 Asia Pacific Permanent Magnet Motor Market, 2021-2031 |
| 6.1 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 6.2 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 6.3 Asia Pacific Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 7 China Permanent Magnet Motor Market, 2021-2031 |
| 7.1 China Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 7.2 China Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 7.3 China Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 8 India Permanent Magnet Motor Market, 2021-2031 |
| 8.1 India Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 8.2 India Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 8.3 India Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 9 Japan Permanent Magnet Motor Market, 2021-2031 |
| 9.1 Japan Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 9.2 Japan Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 9.3 Japan Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 10 Australia Permanent Magnet Motor Market, 2021-2031 |
| 10.1 Australia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 10.2 Australia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 10.3 Australia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 11 Indonesia Permanent Magnet Motor Market, 2021-2031 |
| 11.1 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 11.2 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 11.3 Indonesia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 12 Philippines Permanent Magnet Motor Market, 2021-2031 |
| 12.1 Philippines Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 12.2 Philippines Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 12.3 Philippines Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 13 Malaysia Permanent Magnet Motor Market, 2021-2031 |
| 13.1 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 13.2 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 13.3 Malaysia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 14 Rest of Asia Permanent Magnet Motor Market, 2021-2031 |
| 14.1 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By Type, 2021-2031 |
| 14.2 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By Power Rating, 2021-2031 |
| 14.3 Rest of Asia Permanent Magnet Motor Market, Revenues & Volume, By End-user, 2021-2031 |
| 15 Asia Pacific Permanent Magnet Motor Market Key Performance Indicators |
| 16 Asia Pacific Permanent Magnet Motor Market - Opportunity Assessment |
| 16.1 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 16.2 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
| 16.3 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
| 16.4 Asia Pacific Permanent Magnet Motor Market Opportunity Assessment, By End-user, 2021 & 2031F |
| 17 Asia Pacific Permanent Magnet Motor Market - Competitive Landscape |
| 17.1 Asia Pacific Permanent Magnet Motor Market Revenue Share, By Companies, 2024 |
| 17.2 Asia Pacific Permanent Magnet Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 18 Company Profiles |
| 19 Recommendations |
| 20 Disclaimer |