Norway Permanent Magnet Motor Market (2025-2031) | Outlook, Forecast, Segmentation, Growth, Value, Share, Trends, Analysis, Revenue, Size, Industry & Companies

Market Forecast By Type (PMAC, PMDC, Brushless DC), By Power Rating (Up to 25 kW, 25‚œ100 kW, 100‚œ300 kW, 300 kW and Above), By End-user (Industrial, Commercial and Residential, Others) And Competitive Landscape
Product Code: ETC4766270 Publication Date: Nov 2023 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Shubham Padhi No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Norway Permanent Magnet Motor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Norway`s import shipments of permanent magnet motors saw a significant growth rate in 2024, with top exporting countries being the USA, Germany, China, Bulgaria, and Sweden. The market remained fairly competitive, as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 19.19%, showing a strong overall upward trend. Additionally, the growth rate from 2023 to 2024 remained positive at 5.45%, highlighting continued momentum in the import market for permanent magnet motors in Norway.

Norway Permanent Magnet Motor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Norway Permanent Magnet Motor Market Outlook
  • Market Size of Norway Permanent Magnet Motor Market, 2024
  • Forecast of Norway Permanent Magnet Motor Market, 2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Revenues & Volume for the Period 2021-2031
  • Norway Permanent Magnet Motor Market Trend Evolution
  • Norway Permanent Magnet Motor Market Drivers and Challenges
  • Norway Permanent Magnet Motor Price Trends
  • Norway Permanent Magnet Motor Porter`s Five Forces
  • Norway Permanent Magnet Motor Industry Life Cycle
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By PMAC for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By PMDC for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Brushless DC for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Power Rating for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Up to 25 kW for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By 25???100 kW for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By 100???300 kW for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By 300 kW and Above for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By End-user for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Commercial and Residential for the Period 2021-2031
  • Historical Data and Forecast of Norway Permanent Magnet Motor Market Revenues & Volume By Others for the Period 2021-2031
  • Norway Permanent Magnet Motor Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Power Rating
  • Market Opportunity Assessment By End-user
  • Norway Permanent Magnet Motor Top Companies Market Share
  • Norway Permanent Magnet Motor Competitive Benchmarking By Technical and Operational Parameters
  • Norway Permanent Magnet Motor Company Profiles
  • Norway Permanent Magnet Motor Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Norway Permanent Magnet Motor Market Overview

3.1 Norway Country Macro Economic Indicators

3.2 Norway Permanent Magnet Motor Market Revenues & Volume, 2021 & 2031F

3.3 Norway Permanent Magnet Motor Market - Industry Life Cycle

3.4 Norway Permanent Magnet Motor Market - Porter's Five Forces

3.5 Norway Permanent Magnet Motor Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Norway Permanent Magnet Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F

3.7 Norway Permanent Magnet Motor Market Revenues & Volume Share, By End-user, 2021 & 2031F

4 Norway Permanent Magnet Motor Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient solutions in various industries

4.2.2 Government initiatives promoting the use of renewable energy sources

4.2.3 Growing adoption of electric vehicles in Norway

4.3 Market Restraints

4.3.1 High initial cost of permanent magnet motors

4.3.2 Supply chain disruptions affecting raw material availability

4.3.3 Competition from other motor technologies

5 Norway Permanent Magnet Motor Market Trends

6 Norway Permanent Magnet Motor Market Segmentations

6.1 Norway Permanent Magnet Motor Market, By Type

6.1.1 Overview and Analysis

6.1.2 Norway Permanent Magnet Motor Market Revenues & Volume, By PMAC, 2021-2031F

6.1.3 Norway Permanent Magnet Motor Market Revenues & Volume, By PMDC, 2021-2031F

6.1.4 Norway Permanent Magnet Motor Market Revenues & Volume, By Brushless DC, 2021-2031F

6.2 Norway Permanent Magnet Motor Market, By Power Rating

6.2.1 Overview and Analysis

6.2.2 Norway Permanent Magnet Motor Market Revenues & Volume, By Up to 25 kW, 2021-2031F

6.2.3 Norway Permanent Magnet Motor Market Revenues & Volume, By 25? ??100 kW, 2021-2031F

6.2.4 Norway Permanent Magnet Motor Market Revenues & Volume, By 100? ??300 kW, 2021-2031F

6.2.5 Norway Permanent Magnet Motor Market Revenues & Volume, By 300 kW and Above, 2021-2031F

6.3 Norway Permanent Magnet Motor Market, By End-user

6.3.1 Overview and Analysis

6.3.2 Norway Permanent Magnet Motor Market Revenues & Volume, By Industrial, 2021-2031F

6.3.3 Norway Permanent Magnet Motor Market Revenues & Volume, By Commercial and Residential, 2021-2031F

6.3.4 Norway Permanent Magnet Motor Market Revenues & Volume, By Others, 2021-2031F

7 Norway Permanent Magnet Motor Market Import-Export Trade Statistics

7.1 Norway Permanent Magnet Motor Market Export to Major Countries

7.2 Norway Permanent Magnet Motor Market Imports from Major Countries

8 Norway Permanent Magnet Motor Market Key Performance Indicators

8.1 Average efficiency improvement of permanent magnet motors

8.2 Number of government policies supporting renewable energy adoption

8.3 Growth rate of electric vehicle sales in Norway

9 Norway Permanent Magnet Motor Market - Opportunity Assessment

9.1 Norway Permanent Magnet Motor Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Norway Permanent Magnet Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031F

9.3 Norway Permanent Magnet Motor Market Opportunity Assessment, By End-user, 2021 & 2031F

10 Norway Permanent Magnet Motor Market - Competitive Landscape

10.1 Norway Permanent Magnet Motor Market Revenue Share, By Companies, 2024

10.2 Norway Permanent Magnet Motor Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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