Permanent Magnet Motor Market Outlook for 2024 to 2034
The permanent magnet motor market is valued at US$ 49.2 billion in 2024 and is projected to reach US$ 132 billion by 2034, exhibiting a modest CAGR of 10.40% over the forecast period.
The permanent magnet motor industry generated an estimated revenue of US$ 26.5 billion in 2019. In the past four years, the market grew at a pace of 13.5% CAGR and added revenue of US$ 43.90 billion. Several reasons can be attributed to this growth:
Increasing adoption of electric vehicles (EVs) and hybrid vehicles, utilizing permanent magnet motors in their propulsion systems
Growing demand for energy-efficient appliances and industrial equipment, where permanent magnet motors offer higher efficiency compared to traditional motors
Expansion of renewable energy generation, such as wind turbines and hydropower systems, which heavily rely on permanent magnet motors for their operation
Technological advancements leading to improved performance and reliability of permanent magnet motors, making them more attractive across various industries
Favorable government policies and regulations promoting the use of sustainable and eco-friendly technologies, including permanent magnet motors
Rising awareness among consumers and industries about the benefits of permanent magnet motors in terms of reduced energy consumption and lower operational costs
Increasing investments in research and development aimed at further enhancing the efficiency and capabilities of permanent magnet motor technology.
Integration of permanent magnet motors in various applications beyond traditional uses, including robotics, medical devices, and aerospace.
Global initiatives to reduce carbon emissions and combat climate change, pushing industries to adopt cleaner and more energy-efficient technologies like permanent magnet motors
Attributes
Key Statistics
Expected Base Year Value (2024)
US$ 49.2 billion
Anticipated Forecast Value (2034)
US$ 132 billion
Estimated Growth (2024 to 2034)
10.40% CAGR
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Consumption Analysis of the Permanent Magnet Motor Market
The global automotive sector is increasingly adopting permanent magnet motors, especially companies involved in electric vehicles (EVs) and hybrid vehicles in electric propulsion systems, traction motors, power steering systems, and pumps
The sales of permanent magnet motors are also growing among industries such as manufacturing, mining, construction, and materials as they offer higher efficiency, compact size, and better performance compared to traditional motors
Permanent magnet motors are also experiencing increasing demand from renewable energy companies, particularly in wind turbines and hydropower systems. They are used in generators and turbines to convert mechanical energy into electrical energy efficiently.
The growing adoption of permanent magnet motors is also observed in aerospace and defense applications, where they are used in actuators, pumps, and various systems requiring lightweight, high-performance motors with precise control capabilities
The sales of permanent magnet motors are also touching the skies in robotic systems and industrial automation equipment. They provide high torque-to-weight ratios, fast response times, and precise control for robotic motion and automation tasks
Restraining Factors Adversely Affecting the Permanent Magnet Motor Market
The permanent magnet motor industry is anticipated to surpass a global valuation of US$ US$ 132 billion by the year 2034, with a growth rate of 10.40% CAGR. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:
Operating and installing permanent magnetic motors in factory units requires specialized expertise and skill. The lack of a skilled workforce is a major hurdle for businesses in underdeveloped parts of the world.
Competing technologies such as induction motors or switched reluctance motors also significantly hinder the widespread adoption of permanent magnetic motors in industries across the world
Integrating permanent magnet motors into existing systems with permanent magnet motors also requires significant retrofitting or redesign. This factor also contributes to the negative market growth for permanent magnet motors.
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Comparative View of Adjacent Industries
Future Market Insights has comprehensively studied the global manufacturing and industrial sector and has come up with two products that have the potential to give rigorous competition to the permanent magnet motor market: the synchronous motor market and the smart motor market. The growth rates and the current market valuation have been mentioned in the table below. The growth factors and critical challenges in the respective markets have also been discussed below.
Permanent Magnet Motor Market:
Attributes
Permanent Magnet Motor Market
CAGR (2024 to 2034)
10.40%
Market Value (2024)
US$ 49.2 billion
Growth Factor
Expansion of the renewable energy sector, particularly wind and hydropower.
Challenges
Lack of skilled workforce to operate, install, and maintain these permanent magnetic motors in underdeveloped parts of the world
Synchronous Motor Market:
Attributes
Synchronous Motor Market
CAGR (2024 to 2034)
5.40%
Market Value (2024)
US$ 24.3 billion
Growth Factor
Increasing use of synchronous motors in the aerospace sector
Challenges
The cost per kilowatt of synchronous motors in electric applications is a cause for concern, and thus, industrialists are heading toward alternatives, restricting the scope of the market
Smart Motor Market:
Attributes
Smart Motor Market
CAGR (2022 to 2032)
5.20%
Market Value (2022)
US$ 1.9 billion
Growth Factor
The escalating cost of fossil fuels, driven by intense competition, has created a demand for energy-efficient and smart motors
Challenges
High initial costs associated with implementing smart motor systems, including the purchase of equipment and installation expenses
Category-wise Insights
DC Permanent Magnetic Motors to Revolutionize the Global Industrial Sector
Depending on the motor type, the permanent magnet motor industry is bifurcated into DC and AC motors. The DC motors segment is anticipated to grow at a remarkable CAGR of 10.10%.
The demand for DC permanent magnet motors is skyrocketing among manufacturing units due to their high efficiency, compact size, and precise control, which are transforming various industrial processes and applications.
Direct current permanent magnetic motors are enhancing productivity, reducing energy consumption, and enabling innovative solutions across manufacturing, automation, robotics, and renewable energy industries
The adoption of direct current permanent magnetic motors is very likely to follow an upward trajectory as companies increasingly seek sustainable and cost-effective solutions in their factory units.
Attributes
Details
Motor Type
Direct Current
CAGR
10.10%
Ferrite Permanent Magnetic Motors’ Sales to Touch the Skies in the Future
The permanent magnet motor industry is categorized by materials into ferrite, neodymium, and samarium cobalt. The ferrite segment dominates the market and is anticipated to grow at an outstanding CAGR of 9.80%.
Businesses are increasingly preferring permanent magnet motors due to cost-effectiveness, durability, and resistance to demagnetization.
Their demand is also growing as they offer a perfect solution for various industrial and consumer applications, including automotive, appliances, electronics, and renewable energy systems.
Attributes
Details
Materials
Ferrite
CAGR
9.80%
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Country-wise Insights
The section provides an analysis of the permanent magnet motor industry by country, including Japan, China, the United States, South Korea, and the United Kingdom. The table presents the CAGR for each country, indicating the expected growth of the market in through 2034.
Countries
CAGR
South Korea
12.10%
The United Kingdom
11.80%
China
11.10%
The United States
10.70%
Japan
8.80%
Permanent Magnet Motor Market in South Korea
South Korea is one of the leading countries in this market. The South Korean permanent magnet motor industry is anticipated to retain its dominance by progressing at an annual growth rate of 12.10% till 2034.
Permanent magnetic motors are one of the important components in wind power and electric vehicles, and the South Korean government has been actively promoting the development and adoption of renewable energy technologies. This naturally generates significant demand for these motors in the country.
South Korea is home to major automotive manufacturers like Hyundai and Kia, which are increasingly investing in electric vehicle production. This expansion also creates a perfect environment for the growth of the permanent magnetic motor market in South Korea.
Permanent Magnet Motor Market in the United Kingdom
The United Kingdom also dominates the permanent magnet motor industry. The United Kingdom's permanent magnet motor market is anticipated to retain its dominance by progressing at an annual growth rate of 11.80% till 2034.
Similar to South Korea, the United Kingdom’s government is concerned about its sustainability goals and carbon emissions. This is why a considerable number of wind turbines, tidal energy systems, and other renewable energy projects that extensively use permanent magnet motors are found in the country.
Apart from this, the United Kingdom's industrial sector is transforming with the adoption of Industry 4.0 technologies. Permanent magnet motors play a crucial role in industrial automation, amplifying their adoption across various manufacturing processes.
Permanent Magnet Motor Market in China
China’s permanent magnet motor market is anticipated to exhibit a CAGR of 11.10% till 2034.
China has the world’s most comprehensive market for renewable energy, with significant investments in wind power, solar energy, and electric vehicles. Permanent magnetic motors are required in these industries to ensure efficient energy conversion and utilization.
China is also the largest manufacturer of permanent magnet motors. This also makes businesses easily adopt these motors in their factory unit. Besides this, government subsidies and grants also help these companies in the adoption.
Permanent Magnet Motor Market in the United States
The United States is also one of the leading countries in the global permanent magnet motor industry, which is anticipated to register a CAGR of 10.70% through 2034.
In recent years, there has been a growing emphasis on clean energy and sustainability in the United States. Government initiatives, such as tax credits for renewable energy projects and investments in electric vehicle infrastructure, are driving the demand for permanent magnet motors in various applications
The United States is home to many innovative companies and research institutions that are developing advanced permanent magnet motor technologies. The presence of these companies is also driving the market growth for permanent magnet motors in the country.
Permanent Magnet Motor Market in Japan
The demand for permanent magnet motors in Japan is projected to rise at an 8.80% CAGR through 2034.
Major Japanese automakers like Toyota, Nissan, and Honda are investing heavily in electric and hybrid vehicles. Permanent magnet motors play a crucial role in these vehicles, and the growth of the electric vehicle market in Japan boosts the demand for these motors
Japan, as a country, is very particular about its energy resources, as it is an island country with very limited natural resources. Permanent magnet motors are integral components of renewable energy systems such as wind turbines and solar tracking systems. This is driving their demand in the Land of the Rising Sun.
Competitive Landscape
The global market for permanent magnet motors is filled with international and domestic countries. ABB Limited, Rockwell Automation, Siemens AG, Franklin Electric Company Inc., and Allied Motion Technologies Inc. are prominent companies in the permanent magnet motor industry. These companies invest heavily in developing motors with increased efficiency, enhanced functionality, and smart features.
Key players in the market are also collaborating with government and non-government environmental entities to improve their reputation as socially responsible entities, attracting environmentally conscious consumers to the market.
Recent Developments
In November 2023, General Motors and Stellantis backed Niron Magnetics in developing rare-earth-free permanent magnets for EVs. Despite skepticism from experts, a $33 million investment aimed to mass-produce iron-nitride magnets for future GM electric vehicles.
In June 2023, Chengdu Line 7 in China saw a successful demonstration of metro train traction equipment, featuring a silicon carbide traction converter and permanent magnet synchronous motor. Developed by Alstom NUG Propulsion System Co, the technology delivered a 30% energy saving and reduced weight and noise.
In August 2023, NORD unveiled new design enhancements and larger frame sizes for their permanent magnet synchronous motor line, catering to diverse industry needs. The additions included a size 90 TENV variant, boasting enhanced corrosion resistance and efficiency for demanding applications like food and pharmaceuticals.
Key Companies in the Market
ABB Limited
Rockwell Automation
Siemens AG
Franklin Electric Company Inc.
Allied Motion Technologies Inc.
NORD Drivesystems
Mitsubishi Electric Corporation
Toshiba Corporation
Yaskawa Electric Corporation
Regal Beloit Corporation
WEG Electric Corp.
Nidec Corporation
Johnson Electric Holdings Limited
Maxon Motor AG
Danfoss Group
Parker Hannifin Corporation
Emerson Electric Co.
Hitachi, Ltd.
Bonfiglioli Riduttori S.p.A.
Schneider Electric SE
Key Coverage in the Permanent Magnet Motor Industry Report
Manufacturers of Permanent Magnet Synchronous Motors in India
Pricing Strategy for 5KW Permanent Magnet Synchronous Motors in India
Future of Permanent Magnet Motor Industry
Efficiency of Permanent Magnet Motors as compared to Conventional Motors
Applications of Permanent Magnet Motors in the EV Industry
Factors affecting the cost of Permanent Magnet Motors for the Global EV Industry
Permanent Magnet Motor Market by Segmentation
By Motor Type:
Direct Current Motor
Alternating Current Motor
By Magnetic Material Type:
Ferrite
Neodymium
Samarium Cobalt
By End-user Vertical:
General Industrial
Automotive
Energy
Water and Wastewater Management
Mining
Oil and Gas
Aerospace and Defense
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
Frequently Asked Questions
How much is the Permanent Magnet Motor Market currently worth?
The global permanent magnet motor market is expected to be worth US$ 49.20 billion by 2024.
What is the sales forecast for Permanent Magnet Motors through 2034?
The market for permanent magnet motors is expected to reach US$ 132 billion by 2034.
At what rate is the Permanent Magnet Motor Market growing across the world?
The permanent magnet motor industry is expanding at a CAGR of 10.40% from 2024 to 2034.
Who are the key manufacturing companies for Permanent Magnet Motors?
ABB Limited, Rockwell Automation, Siemens AG, Franklin Electric Company Inc., and Allied Motion Technologies Inc. are some of the major players in the market.
What was the overall global value of the Permanent Magnet Motor Market in 2023?
The global valuation for the permanent magnet motor market in 2023 was US$ 43.90 billion.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Motor Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Motor Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Motor Type, 2024 to 2034
5.3.1. Direct Current Motor
5.3.2. Alternating Current Motor
5.4. Y-o-Y Growth Trend Analysis By Motor Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Motor Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Magnetic Material Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Magnetic Material Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Magnetic Material Type, 2024 to 2034
6.3.1. Ferrite
6.3.2. Neodymium
6.3.3. Samarium Cobalt
6.4. Y-o-Y Growth Trend Analysis By Magnetic Material Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Magnetic Material Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-user Vertical, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-user Vertical, 2024 to 2034
7.3.1. General Industrial
7.3.2. Automotive
7.3.3. Energy
7.3.4. Water and Wastewater Management
7.3.5. Mining
7.3.6. Oil and Gas
7.3.7. Aerospace and Defense
7.4. Y-o-Y Growth Trend Analysis By End-user Vertical, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-user Vertical, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Motor Type
9.2.3. By Magnetic Material Type
9.2.4. By End-user Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Motor Type
9.3.3. By Magnetic Material Type
9.3.4. By End-user Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Motor Type
10.2.3. By Magnetic Material Type
10.2.4. By End-user Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Motor Type
10.3.3. By Magnetic Material Type
10.3.4. By End-user Vertical
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Motor Type
11.2.3. By Magnetic Material Type
11.2.4. By End-user Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Motor Type
11.3.3. By Magnetic Material Type
11.3.4. By End-user Vertical
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Motor Type
12.2.3. By Magnetic Material Type
12.2.4. By End-user Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Motor Type
12.3.3. By Magnetic Material Type
12.3.4. By End-user Vertical
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Motor Type
13.2.3. By Magnetic Material Type
13.2.4. By End-user Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Motor Type
13.3.3. By Magnetic Material Type
13.3.4. By End-user Vertical
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Motor Type
14.2.3. By Magnetic Material Type
14.2.4. By End-user Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Motor Type
14.3.3. By Magnetic Material Type
14.3.4. By End-user Vertical
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Motor Type
15.2.3. By Magnetic Material Type
15.2.4. By End-user Vertical
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Motor Type
15.3.3. By Magnetic Material Type
15.3.4. By End-user Vertical
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Motor Type
16.1.2.2. By Magnetic Material Type
16.1.2.3. By End-user Vertical
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Motor Type
16.2.2.2. By Magnetic Material Type
16.2.2.3. By End-user Vertical
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Motor Type
16.3.2.2. By Magnetic Material Type
16.3.2.3. By End-user Vertical
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Motor Type
16.4.2.2. By Magnetic Material Type
16.4.2.3. By End-user Vertical
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Motor Type
16.5.2.2. By Magnetic Material Type
16.5.2.3. By End-user Vertical
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Motor Type
16.6.2.2. By Magnetic Material Type
16.6.2.3. By End-user Vertical
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Motor Type
16.7.2.2. By Magnetic Material Type
16.7.2.3. By End-user Vertical
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Motor Type
16.8.2.2. By Magnetic Material Type
16.8.2.3. By End-user Vertical
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Motor Type
16.9.2.2. By Magnetic Material Type
16.9.2.3. By End-user Vertical
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Motor Type
16.10.2.2. By Magnetic Material Type
16.10.2.3. By End-user Vertical
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Motor Type
16.11.2.2. By Magnetic Material Type
16.11.2.3. By End-user Vertical
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Motor Type
16.12.2.2. By Magnetic Material Type
16.12.2.3. By End-user Vertical
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Motor Type
16.13.2.2. By Magnetic Material Type
16.13.2.3. By End-user Vertical
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Motor Type
16.14.2.2. By Magnetic Material Type
16.14.2.3. By End-user Vertical
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Motor Type
16.15.2.2. By Magnetic Material Type
16.15.2.3. By End-user Vertical
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Motor Type
16.16.2.2. By Magnetic Material Type
16.16.2.3. By End-user Vertical
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Motor Type
16.17.2.2. By Magnetic Material Type
16.17.2.3. By End-user Vertical
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Motor Type
16.18.2.2. By Magnetic Material Type
16.18.2.3. By End-user Vertical
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Motor Type
16.19.2.2. By Magnetic Material Type
16.19.2.3. By End-user Vertical
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Motor Type
16.20.2.2. By Magnetic Material Type
16.20.2.3. By End-user Vertical
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Motor Type
16.21.2.2. By Magnetic Material Type
16.21.2.3. By End-user Vertical
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Motor Type
16.22.2.2. By Magnetic Material Type
16.22.2.3. By End-user Vertical
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Motor Type
16.23.2.2. By Magnetic Material Type
16.23.2.3. By End-user Vertical
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Motor Type
17.3.3. By Magnetic Material Type
17.3.4. By End-user Vertical
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Danaher Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Siemens AG
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Rockwell Automation Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Ametek Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Toshiba Corporation
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Baldor Electric Company Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Autotrol Corporation
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Allied Motion Technologies Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Johnson Electric Holdings Ltd.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Franklin Electric Co. Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used20. Research Methodology
