Market Overview

According to fortune business insights, the global permanent magnet motor market size was valued at USD 59.8 billion in 2025. The market is projected to grow from USD 65.77 billion in 2026 to USD 140.7 billion by 2034, exhibiting a CAGR of 9.97% during the forecast period. Asia Pacific dominated the permanent magnet motor market with a market share of 36% in 2025.

The analysis has deep-dived into these insights in its latest research report, titled “Permanent Magnet Motor Market, 2026-2034.”

The analysis shows that top companies are investing more in permanent magnet motors because of the global transition toward energy-efficient systems. For example, the increasing adoption in smart factories, electrification initiatives, and next-generation industrial equipment indicates a strong demand for permanent magnet motors worldwide.

Major Players Profiled in the Market Report:

• ABB (Zurich, Switzerland)
• Siemens (Munich, Germany)
• Schneider Electric (Rueil-Malmaison, France)
• Toshiba International Corporation (Texas, U.S.)
• Arnold Magnetic Technologies (New York, U.S.)
• Nidec Motor Corporation (Missouri, U.S.)
• Liebherr Group (Bulle, Switzerland)
• Weg (Jaraguá do Sul, Brazil)
• Rockwell Automation (Wisconsin, U.S.)
• Ametek (Pennsylvania, U.S.)
• Dana (Ohio, U.S.)
• Yaskawa America, Inc., Drives & Motion Division (Illinois, U.S.)

Segments

Dominance of Brushless DC Motors to Drive Segment Growth

Based on type, the market is divided into Alternate Current (AC), Direct Current (DC), and Brushless DC motors. The brushless DC motor segment holds the largest market share and dominates the market owing to its widespread adoption across high-growth industries like electric vehicles and robotics, offering higher efficiency and lower maintenance.