Permanent Magnet Motor Market Analysis

Type (PMAC, PMDC, Brushless DC)

The PMAC segment is estimated to hold 45% share of the global permanent magnet motor market in the year 2037. The growth of the segment can be attributed to the increasing consumption of PMAC in the industrial manufacturing and electric vehicle sectors. Therefore, rising investment in electric vehicles and various industrial sectors is expected to drive the market’s growth. This year, global sales of electric vehicles are expected to establish a new high investment worth USD 8.3 billion

Power Rating (Up to 25 kW, 25-100kW, 100-300 kW, 300 kW & Above)

Permanent magnet motor market from the up to 25 kW segment is expected to garner a significant share of around 46% in the year 2037. Rising demand for medical electricians, including dental instruments, body scanners, breathing systems, membrane pumps, and others is expected to drive the segment’s growth. The demand for medical equipment is rising owing to rising instances of people suffering from chronic conditions and a higher number of being hospitalized every day.

Our in-depth analysis of the global market includes the following segments:

Type	PMAC PMDC Brushless DC
Power Rating	Up to 25 kW 25-100kW 100-300 kW 300 kW & Above
End User	Industrial Commercial Residential

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of permanent magnet motor is evaluated at USD 55.89 billion.

The permanent magnet motor market size was over USD 51.71 billion in 2024 and is poised to exceed USD 180.64 billion by 2037, growing at over 10.1% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automated industrial equipment and the growing need for saving energy will drive the market growth.

Asia Pacific industry is poised to dominate majority revenue share of 34% by 2037, attributed to increasing investment in the automotive sector.

The major players in the market include Collins Aerospace, Rockwell Automation, Inc., Moog Inc., Brook Crompton UK Ltd., WEG S.A., Johnson Electric Holdings Limited, Franklin Electric Co., Inc., Parker Hannifin Corporation, GKN Metallurgy, Bavde Engineering Ltd.

Permanent Magnet Motor Market Analysis