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.
  • Heating, ventilation, and air conditioning (HVAC) systems also incorporate permanent magnet motors, in fans, blowers, and pumps for efficient air circulation and temperature control in buildings and commercial spaces
  • 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.
Nikhil Kaitwade
Nikhil Kaitwade

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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 Used

20. Research Methodology

Recommendations

Automotive

Smart Motors Market

June 2023

REP-GB-17421

324 pages

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Permanent Magnet Motor Market