Nigeria Permanent Magnet Synchronous Motors Market (2025-2031) | Share, Competitive Landscape, Forecast, Trends, Growth, Analysis, Value, Segmentation, Outlook, Size & Revenue, Industry, Companies
Market Forecast By Capacity (375 450 kW, 450 600 kW, Above 600 kW), By Type (Surface Permanent Magnet Synchronous Motor, Interior Permanent Magnet Synchronous Motor), By Control (Trapezoidal, Open Loop, Closed Loop, Sinusoidal, Scalar, Vector), By End Use (Electrical & Electronics, Aerospace & Automotive, Oil & Gas, Marine, Defense, Power, Mining, Others) And Competitive Landscape
| Product Code: ETC8632126 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Permanent Magnet Synchronous Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Nigeria continued to import Permanent Magnet Synchronous Motors primarily from China, Germany, USA, Poland, and India. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). However, the industry experienced a decline in both the compound annual growth rate (CAGR) from 2020-2024 at -3.08% and a significant decrease in the growth rate from 2023-2024 at -38.63%. Understanding these trends will be crucial for stakeholders to navigate the Nigerian market for Permanent Magnet Synchronous Motors effectively.
Key Highlights of the Report:
- Nigeria Permanent Magnet Synchronous Motors Market Outlook
- Market Size of Nigeria Permanent Magnet Synchronous Motors Market, 2024
- Forecast of Nigeria Permanent Magnet Synchronous Motors Market, 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Revenues & Volume for the Period 2021- 2031
- Nigeria Permanent Magnet Synchronous Motors Market Trend Evolution
- Nigeria Permanent Magnet Synchronous Motors Market Drivers and Challenges
- Nigeria Permanent Magnet Synchronous Motors Price Trends
- Nigeria Permanent Magnet Synchronous Motors Porter's Five Forces
- Nigeria Permanent Magnet Synchronous Motors Industry Life Cycle
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Capacity for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By 375 450 kW for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By 450 600 kW for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Above 600 kW for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Surface Permanent Magnet Synchronous Motor for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Interior Permanent Magnet Synchronous Motor for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Control for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Trapezoidal for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Open Loop for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Closed Loop for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Sinusoidal for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Scalar for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Vector for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By End Use for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Electrical & Electronics for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Aerospace & Automotive for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Marine for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Defense for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Power for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Mining for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume By Others for the Period 2021- 2031
- Nigeria Permanent Magnet Synchronous Motors Import Export Trade Statistics
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Control
- Market Opportunity Assessment By End Use
- Nigeria Permanent Magnet Synchronous Motors Top Companies Market Share
- Nigeria Permanent Magnet Synchronous Motors Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Permanent Magnet Synchronous Motors Company Profiles
- Nigeria Permanent Magnet Synchronous Motors Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Permanent Magnet Synchronous Motors Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Permanent Magnet Synchronous Motors Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Nigeria Permanent Magnet Synchronous Motors Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Permanent Magnet Synchronous Motors Market - Industry Life Cycle |
3.4 Nigeria Permanent Magnet Synchronous Motors Market - Porter's Five Forces |
3.5 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Control, 2021 & 2031F |
3.8 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Nigeria Permanent Magnet Synchronous Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient motors |
4.2.2 Growing industrial automation in Nigeria |
4.2.3 Government initiatives promoting the use of permanent magnet synchronous motors |
4.3 Market Restraints |
4.3.1 High initial cost of permanent magnet synchronous motors |
4.3.2 Lack of awareness about the benefits of these motors among end-users |
4.3.3 Limited availability of skilled workforce for maintenance and repair of these motors |
5 Nigeria Permanent Magnet Synchronous Motors Market Trends |
6 Nigeria Permanent Magnet Synchronous Motors Market, By Types |
6.1 Nigeria Permanent Magnet Synchronous Motors Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Capacity, 2021- 2031F |
6.1.3 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By 375 450 kW, 2021- 2031F |
6.1.4 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By 450 600 kW, 2021- 2031F |
6.1.5 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Above 600 kW, 2021- 2031F |
6.2 Nigeria Permanent Magnet Synchronous Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Surface Permanent Magnet Synchronous Motor, 2021- 2031F |
6.2.3 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Interior Permanent Magnet Synchronous Motor, 2021- 2031F |
6.3 Nigeria Permanent Magnet Synchronous Motors Market, By Control |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Trapezoidal, 2021- 2031F |
6.3.3 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Open Loop, 2021- 2031F |
6.3.4 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Closed Loop, 2021- 2031F |
6.3.5 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Sinusoidal, 2021- 2031F |
6.3.6 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Scalar, 2021- 2031F |
6.3.7 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Vector, 2021- 2031F |
6.4 Nigeria Permanent Magnet Synchronous Motors Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Electrical & Electronics, 2021- 2031F |
6.4.3 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Aerospace & Automotive, 2021- 2031F |
6.4.4 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.4.5 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.6 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Defense, 2021- 2031F |
6.4.7 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Power, 2021- 2031F |
6.4.8 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Others, 2021- 2031F |
6.4.9 Nigeria Permanent Magnet Synchronous Motors Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Permanent Magnet Synchronous Motors Market Import-Export Trade Statistics |
7.1 Nigeria Permanent Magnet Synchronous Motors Market Export to Major Countries |
7.2 Nigeria Permanent Magnet Synchronous Motors Market Imports from Major Countries |
8 Nigeria Permanent Magnet Synchronous Motors Market Key Performance Indicators |
8.1 Energy savings achieved by using permanent magnet synchronous motors |
8.2 Number of industrial facilities adopting these motors |
8.3 Investments in research and development for improving motor efficiency |
8.4 Number of training programs conducted to educate users about the advantages of these motors |
8.5 Percentage of motor failures or downtime reduced after switching to permanent magnet synchronous motors |
9 Nigeria Permanent Magnet Synchronous Motors Market - Opportunity Assessment |
9.1 Nigeria Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Nigeria Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Nigeria Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Control, 2021 & 2031F |
9.4 Nigeria Permanent Magnet Synchronous Motors Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Nigeria Permanent Magnet Synchronous Motors Market - Competitive Landscape |
10.1 Nigeria Permanent Magnet Synchronous Motors Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Permanent Magnet Synchronous Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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