Global Permanent Magnet Motors Market Size & Outlook
Global permanent magnet motors market, 2021-2033 (US$B)
Global permanent magnet motors market highlights
- The global permanent magnet motors market generated a revenue of USD 58,680.0 billion in 2025 and is expected to reach USD 122,592.8 billion by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 9.8% by 2033.
- In terms of segment, permanent magnet ac motor accounted for a revenue of USD 63,766.7 billion in 2025.
- Permanent Magnet AC Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
Global data book summary
| Market revenue in 2025 | USD 58,680.0 billion |
| Market revenue in 2033 | USD 122,592.8 billion |
| Growth rate | 9.8% (CAGR from 2026 to 2033) |
| Largest segment | Permanent magnet ac motor |
| Fastest growing segment | Permanent Magnet AC Motor |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Permanent Magnet AC Motor |
Other key industry trends
- In terms of revenue, the North America accounted for 25.7% of the global permanent magnet motors market in 2025.
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Permanent Magnet Motors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ningbo Bestway Magnet Co. | View profile | 51-100 | Ningbo, Zhejiang, China, Asia | https://www.bwmagnets.com |
| Dexter Magnetic Technologies | View profile | 251-500 | Elk Grove Village, Illinois, United States, North America | http://dextermag.com |
| Magma Magnetic Technologies | View profile | 1-10 | Gesher, HaZafon, Israel, Asia | http://www.magmamagnets.com/ |
| Integrated Magnetics | View profile | 101-250 | Culver City, California, United States, North America | https://www.intemag.com/ |
| Dura Magnetics | View profile | 11-50 | Sylvania, Ohio, United States, North America | https://www.duramag.com |
| Bunting Magnetics | View profile | 101-250 | Newton, Kansas, United States, North America | https://buntingmagnetics.com/ |
| Adams Magnetic Products | View profile | 101-250 | Elmhurst, Illinois, United States, North America | https://adamsmagnetic.com |
| Hitachi Metals | View profile | 10001+ | Minato, Chiba, Japan, Asia | http://www.hitachi-metals.co.jp |
| Arnold Magnetic Technologies | View profile | 501-1000 | Rochester, New York, United States, North America | http://www.arnoldmagnetics.com/ |
| ABB Ltd ADR | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
Global permanent magnet motors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to permanent magnet motors market will help companies and investors design strategic landscapes.
Permanent magnet ac motor was the largest segment with a revenue share of 108.67% in 2025. Horizon Databook has segmented the Global permanent magnet motors market based on permanent magnet ac motor covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Permanent Magnet Motors Motor Type Outlook (Revenue, USD Billion, 2021-2033)
- Permanent Magnet AC Motor
- Permanent Magnet DC Motor
- Brushless DC Motor
- Hermetic Motor
- Global Permanent Magnet Motors Magnetic Material Type Outlook (Revenue, USD Billion, 2021-2033)
- Neodymium Iron Boron
- Samarium Cobalt
- Global Permanent Magnet Motors Power Rating Outlook (Revenue, USD Billion, 2021-2033)
- Up to 4 kW
- 4 to 22 kW
- 22 to 75 kW
- 75 kW and Above
- Global Permanent Magnet Motors Cooling Method Outlook (Revenue, USD Billion, 2021-2033)
- Air-Cooled
- Liquid-Cooled
- Oil-Cooled
- Hybrid Cooling
- Global Permanent Magnet Motors End Use Outlook (Revenue, USD Billion, 2021-2033)
- Automotive
- Mining, Oil and Gas
- Aerospace and Defense
- Consumer Electronics
- Healthcare Equipment
- Others
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Target buyers of Global permanent magnet motors market databook
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Our clientele includes a mix of permanent magnet motors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global permanent magnet motors market , including forecasts for subscribers. This global databook contains high-level insights into Global permanent magnet motors market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global permanent magnet motors market size, by regions, 2021-2033 (US$B)
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