#Permanent Magnet Market forecast

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Permanent Magnets Market 2030 Trends, Growth, Revenue, Outlook and Future Estimation

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. This growth is largely fueled by the rising importance of renewable energy sources, such as wind and solar energy, where permanent magnets play a key role in enhancing efficiency. In wind turbine generators, for example, permanent magnets help increase operational efficiency and reduce maintenance needs. Rare earth magnets, especially Neodymium Ferrite Boron (NdFeB), are widely utilized in wind turbines due to their reliability and durability, making them ideal for renewable energy applications.

In the United States, the market for permanent magnets is expected to grow faster than ferrite magnets, thanks to their use in advanced applications, including robotics, wearable technology, electric vehicles, and wind power. Since the 2008-09 economic downturn, the U.S. automotive industry has shown steady growth, particularly in the electric vehicle (EV) segment, with significant contributions from manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Notably, Tesla adopted neodymium magnets for motors in early 2018, marking a trend that many other EV manufacturers are following.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Despite this growth, the U.S. still relies heavily on imports, especially for automotive parts containing electric motors and other components. In 2023, the U.S. imported approximately 4 million pounds of automotive parts from China, primarily due to a limited number of domestic manufacturers of permanent motor magnets. However, the ongoing trade tensions between the U.S. and China present a challenge, as potential restrictions on rare earth imports from China could disrupt the supply chain. In response, the U.S. government has taken steps to secure its domestic supply of rare earth materials, including funding mining projects under the Defense Production Act, which is expected to strengthen the availability of raw materials for the local permanent magnet industry.

According to the International Monetary Fund (IMF), North America's GDP growth was projected to be 1.6% for 2023, driven primarily by the U.S. economy. In the second quarter of 2023, the U.S. saw a GDP growth of 2.4% (seasonally adjusted), which can be attributed to government spending, consumer spending, and business investments. With support from government fiscal packages, the U.S. industrial sector, including the permanent magnets market, experienced gradual growth in 2023.

Application Segmentation Insights:

In 2023, the consumer goods and electronics sector emerged as the largest application segment, accounting for approximately 26% of the market revenue. Permanent magnets are widely used in the electronics industry in various products, including air conditioning compressors, DVD players, cameras, watches, earbuds, loudspeakers, microphones, mobile phones, voice coil motors, printers, hard disk drives (HDDs), and power tool motors. The continued production and development of these electronic goods are expected to support the demand for permanent magnets in this sector.

The automotive sector is expected to see steady revenue growth over the forecast period. According to Arnold Magnetic Technologies, a typical car has around 100 permanent magnet devices. While ferrite magnets are still widely used by most automakers, the growing demand for lightweight vehicles and energy-efficient components is increasing the need for high-performance permanent magnets. As automotive manufacturers strive for greater fuel efficiency, advancements in magnetic materials are expected to drive growth in the automotive sector.

The industrial sector held the third-largest share in the permanent magnet market in 2023. Within this sector, the oil and gas industry presents significant opportunities for permanent magnet vendors. The industry increasingly uses energy-intensive technologies, such as electronic submersible pumps (ESPs), where permanent magnet motors (PMMs) offer economic advantages over traditional asynchronous motors. Permanent magnets help reduce power consumption and increase efficiency in these applications, making them valuable in energy-intensive industrial processes.

The medical sector is projected to be one of the fastest-growing application segments for permanent magnets over the forecast period. The demand in healthcare is driven by their use in advanced medical devices, including MRI machines, body scanners, and pacemakers. As healthcare facilities increasingly rely on high-performance, precise medical equipment, the demand for permanent magnets is expected to rise, contributing to market growth in this segment.

In summary, the permanent magnets market is set to grow robustly due to rising demand across various industries, including renewable energy, consumer electronics, automotive, industrial, and healthcare. As advancements in materials and technology continue, the versatility and efficiency of permanent magnets will make them essential in meeting the needs of these expanding markets.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

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Permanent Magnets Market 2030 Size Outlook, Growth Insight, Share, Trends

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. This growth is largely fueled by the rising importance of renewable energy sources, such as wind and solar energy, where permanent magnets play a key role in enhancing efficiency. In wind turbine generators, for example, permanent magnets help increase operational efficiency and reduce maintenance needs. Rare earth magnets, especially Neodymium Ferrite Boron (NdFeB), are widely utilized in wind turbines due to their reliability and durability, making them ideal for renewable energy applications.

In the United States, the market for permanent magnets is expected to grow faster than ferrite magnets, thanks to their use in advanced applications, including robotics, wearable technology, electric vehicles, and wind power. Since the 2008-09 economic downturn, the U.S. automotive industry has shown steady growth, particularly in the electric vehicle (EV) segment, with significant contributions from manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Notably, Tesla adopted neodymium magnets for motors in early 2018, marking a trend that many other EV manufacturers are following.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Despite this growth, the U.S. still relies heavily on imports, especially for automotive parts containing electric motors and other components. In 2023, the U.S. imported approximately 4 million pounds of automotive parts from China, primarily due to a limited number of domestic manufacturers of permanent motor magnets. However, the ongoing trade tensions between the U.S. and China present a challenge, as potential restrictions on rare earth imports from China could disrupt the supply chain. In response, the U.S. government has taken steps to secure its domestic supply of rare earth materials, including funding mining projects under the Defense Production Act, which is expected to strengthen the availability of raw materials for the local permanent magnet industry.

According to the International Monetary Fund (IMF), North America's GDP growth was projected to be 1.6% for 2023, driven primarily by the U.S. economy. In the second quarter of 2023, the U.S. saw a GDP growth of 2.4% (seasonally adjusted), which can be attributed to government spending, consumer spending, and business investments. With support from government fiscal packages, the U.S. industrial sector, including the permanent magnets market, experienced gradual growth in 2023.

Application Segmentation Insights:

In 2023, the consumer goods and electronics sector emerged as the largest application segment, accounting for approximately 26% of the market revenue. Permanent magnets are widely used in the electronics industry in various products, including air conditioning compressors, DVD players, cameras, watches, earbuds, loudspeakers, microphones, mobile phones, voice coil motors, printers, hard disk drives (HDDs), and power tool motors. The continued production and development of these electronic goods are expected to support the demand for permanent magnets in this sector.

The automotive sector is expected to see steady revenue growth over the forecast period. According to Arnold Magnetic Technologies, a typical car has around 100 permanent magnet devices. While ferrite magnets are still widely used by most automakers, the growing demand for lightweight vehicles and energy-efficient components is increasing the need for high-performance permanent magnets. As automotive manufacturers strive for greater fuel efficiency, advancements in magnetic materials are expected to drive growth in the automotive sector.

The industrial sector held the third-largest share in the permanent magnet market in 2023. Within this sector, the oil and gas industry presents significant opportunities for permanent magnet vendors. The industry increasingly uses energy-intensive technologies, such as electronic submersible pumps (ESPs), where permanent magnet motors (PMMs) offer economic advantages over traditional asynchronous motors. Permanent magnets help reduce power consumption and increase efficiency in these applications, making them valuable in energy-intensive industrial processes.

The medical sector is projected to be one of the fastest-growing application segments for permanent magnets over the forecast period. The demand in healthcare is driven by their use in advanced medical devices, including MRI machines, body scanners, and pacemakers. As healthcare facilities increasingly rely on high-performance, precise medical equipment, the demand for permanent magnets is expected to rise, contributing to market growth in this segment.

In summary, the permanent magnets market is set to grow robustly due to rising demand across various industries, including renewable energy, consumer electronics, automotive, industrial, and healthcare. As advancements in materials and technology continue, the versatility and efficiency of permanent magnets will make them essential in meeting the needs of these expanding markets.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

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Permanent Magnets Industry Competitive Landscape and Industry Analysis 2030

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. This growth is largely fueled by the rising importance of renewable energy sources, such as wind and solar energy, where permanent magnets play a key role in enhancing efficiency. In wind turbine generators, for example, permanent…

[sdm-magnetic]

Market Outlook And Forecast for The Hollow Cup Motor Industry in China (2024)

A hollow cup motor is a type of DC motor with a coreless rotor structure. Compared to traditional DC motors, the hollow cup motor eliminates the iron core as a supporting structure, relying instead on a hollow cup-shaped coil winding along with connecting plates, the main shaft, and other components to form the rotor or stator.

**1. Definition and Classification of Hollow Cup Motors**

Hollow cup motors are a type of micro-special motor, belonging to the category of DC permanent magnet servo control motors. They structurally break away from the traditional stator and rotor configuration by adopting a coreless stator/rotor design. This innovative structure completely eliminates energy losses caused by eddy currents formed by iron cores.

Hollow cup motors can be divided into brushed and brushless types. Brushed motors primarily consist of a stator, rotor, and brushes, where the permanent magnet is the stator, and the brushes and commutator continuously contact and friction, causing sparks during rotation. Brushless motors mainly comprise a stator and rotor, where the permanent magnet is the rotor, and commutation is achieved through Hall effect sensors, encoders, or resolvers.

**2. Development Policies for the Hollow Cup Motor Industry**

Hollow cup motors have advantages such as high power density, high efficiency, fast speed, and quick response, leading to excellent energy-saving effects, power performance, and control capabilities. In recent years, the government has been vigorously promoting the development of industrial motors. For example, in August 2023, the Ministry of Industry and Information Technology and other departments issued the "Machinery Industry Growth Stabilization Work Plan (2023-2024)," which aims to enhance industrial foundation capabilities and overcome key core technologies and components in system control and hydraulics, addressing industry development shortcomings.

**3. Current Status of the Hollow Cup Motor Industry**

**1. Global Market Size of Hollow Cup Motors**

With the rapid development of industrial technology and the increasing downstream demand, the global market size of the hollow cup motor industry continues to expand. According to the "Special Report on China's Hollow Cup Motor Industry Chain Panorama and Opportunities Insights" by the China Business Industry Research Institute, the global hollow cup motor market reached $810 million in 2023. Analysts predict that the global market size will reach $870 million in 2024 and $1.19 billion by 2028.

**2. China’s Global Market Share of Hollow Cup Motors**

Hollow cup motors are key components in robotic dexterous hands. In recent years, the hollow cup motor industry has been flourishing, with the market size continuously expanding. The same report indicates that the Chinese hollow cup motor market reached $290 million in 2023. Analysts predict that China’s market size will reach $320 million in 2024 and $470 million by 2028.

**3. Regional Market Structure of Global Hollow Cup Motors**

China has a significant share of the global hollow cup motor market, accounting for 34.8%. The European market accounts for 25.85%.

**4. Competitive Landscape of Hollow Cup Motors**

Leading overseas companies have a long history and strong technical accumulation, holding a high industry status. In 2022, the top five companies (CR5) in the global hollow cup motor market held a 67% market share, including Faulhaber, Portescap, Allied Motion Technologies, Maxon Motor, and Nidec Copal Corporation. The market concentration is high, dominated by the top three overseas companies.

**5. Downstream Applications of Hollow Cup Motors**

Hollow cup motor products are already playing important roles in medical fields such as bionic prosthetics and surgical robots. They are also used in scenarios requiring high weight, long life, and low-speed performance, such as electric tools, and in areas with high precision, reliability, and control requirements, such as aerospace and industrial automation.

**4. Key Enterprises in the Hollow Cup Motor Industry**

**SDM Magnetics Co., Ltd.**

Since 2004, SDM Magnetics Co., Ltd. has been manufacturing a variety of high-quality permanent magnets and magnetic assemblies, focusing on motor stators and rotors, sensor resolvers, neodymium magnets, hard and soft magnets, magnetic assemblies, and other special magnet materials. SDM Magnetics' main business is control motors and their drive systems, with a comprehensive product line including stepper motors, hollow cup motors, servo drives, and motors. Its most technically advantageous products related to humanoid robots are hollow cup motors, including both brushed and brushless versions, available in various rated voltages.

**5. Development Prospects of the Hollow Cup Motor Industry**

**1. Expansion of the Hollow Cup Motor Market Driven by Humanoid Robots**

According to data from the IFR and the Chinese Institute of Electronics, although humanoid robots are in the initial stages, they are expected to grow explosively once the penetration rate exceeds 20%, similar to other electronic products. With an estimated annual compound growth rate of 30% from 2023 to 2030, the market size of humanoid robots in China is expected to reach approximately 870 billion yuan by 2030. Hollow cup motors have broad application prospects and market demand in the field of humanoid robots. Benefiting from the rise of humanoid robots, the hollow cup motor market is expected to expand.

**2. New Opportunities for Domestic Substitution**

Hollow cup motors originated in Germany and Japan, with companies from Germany, Sweden, Japan, and other European countries having early starts, complete and mature processes, and excellent equipment performance. Currently, foreign manufacturers occupy a major market share, accounting for 85%. Domestic manufacturers like Mige Electric and Dingzhi Technology are gradually opening up the market through localized sales strategies, with a 15% market share.

Most domestic manufacturers' products are concentrated in the mid-to-low-end sectors, but domestic companies are continuously catching up, increasing their R&D efforts. On the market side, the cost reduction needs of humanoid robots will provide domestic manufacturers with opportunities for overtaking in curves. On the policy side, the government encourages domestic substitution, issuing policies like the "Action Plan for the Development of Basic Electronic Components Industry (2021-2023)." It is foreseeable that domestic manufacturers will achieve technical catch-up and eventually realize domestic substitution of hollow cup motors.

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Brush Motor Market Analysis: Growth Trends and $11.44B Forecast by 2027

Astute Analytica, a prominent market research firm, has recently published a comprehensive report that offers an extensive analysis of the global Brush Motor market. This report goes beyond mere statistics, providing deep insights into various critical aspects such as market segmentation, key players, market valuation, and regional overviews. It serves as a valuable resource for businesses and stakeholders seeking to navigate this evolving industry landscape. 

Market Valuation 

The report includes a thorough evaluation of the market valuation, drawing from historical data, current trends, and future projections. By employing rigorous analytical methods, it effectively captures the growth trajectory of the market. This detailed assessment allows businesses to understand the factors driving growth and make informed decisions regarding investments and strategic initiatives.

The Global Brush Motor Market, analyzed by Astute Analytica, is forecasted to witness a major rise in its revenue from US$ 7,431 Mn in 2021 to US$ 11,442.8 Mn by 2027, registering a CAGR of 7.5% during 2022-2027. In terms of volume, the market is registering a CAGR of 6.5% during the forecast period. 

A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/brush-motor-market

Comprehensive Market Overview 

Astute Analytica's report provides a holistic overview of the global Brush Motor market. It encapsulates a wide array of information related to market dynamics, including growth drivers, challenges, and opportunities. Stakeholders can leverage these insights to formulate effective strategies and maintain a competitive edge in the market. 

Key Players in the Market 

The report identifies and profiles the major players who are influencing the global Brush Motor market. Through meticulous research, it presents a clear view of the competitive landscape, detailing the strategies, market presence, and significant developments of leading companies. This section is vital for stakeholders who wish to understand the positioning and actions of their competitors. 

Key Companies: 

The key players in the Global Brush Motor Market are Siemens AG, Schneider Electric, ABB Limited, Nidec, Johnson Electric Holdings Limited, Allied Motion Inc., and AMETEK Inc., among others.

 For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/brush-motor-market

Segmentation Analysis 

A crucial component of the report is the segmentation analysis, which delves into various market segments based on industry verticals, applications, and geographic regions. This detailed examination provides stakeholders with a nuanced understanding of market dynamics, enabling them to identify opportunities for growth and areas for investment. 

Market Segmentation: 

By Component segment of the Global Brush Motor Market is sub-segmented into:

Stator

Rotor / Armature

Brushes

Commutator

By Type segment of the Global Brush Motor Market is sub-segmented into:

Permanent Magnet

Shunt - Wound

Series - Wound

Compound Wound (Shunt + Series)

By Power Outputsegment of the Global Brush Motor Market is sub-segmented into:

Less than 750W o/p

Between 750W and 75kW o/p

Between 75kW and 375kW o/p

Greater than 375kW o/p

By Industry segment of the Global Brush Motor Market is sub-segmented into:

Aerospace

Automation

Broadcast

HVAC

Material handling

Medical

Oil and Gas

Power and Energy

Robotics

Security

Transportation

Other

By Sales Channelsegment of the Global Brush Motor Market is sub-segmented into:

OEM

Aftermarket

By Regionsegment of the Global Brush Motor Market is sub-segmented into:

North America

The U.S.

Canada

Mexico

Europe

The U.K.

Germany

France

Italy

Russia

Spain

Poland

Rest of Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

South America

Argentina

Brazil

Rest of South America

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

 Research Methodology 

Astute Analytica is recognized for its rigorous research methodology and dedication to delivering actionable insights. The firm has rapidly established a solid reputation by providing tangible outcomes to clients. The report is built on a foundation of both primary and secondary research, offering a granular perspective on market demand and business environments across various segments. 

Beneficiaries of the Report 

The insights presented in this report are invaluable for a range of stakeholders, including: 

Industry Value Chain Participants: Those directly or indirectly involved in the Brush Motor market need to stay informed about leading competitors and current market trends. 

Analysts and Suppliers: Individuals seeking up-to-date insights into this dynamic market will find the report particularly beneficial. 

Competitors: Companies looking to benchmark their performance and assess their market positions can leverage the data and analysis provided in this research. 

Astute Analytica's report on the global Brush Motor market is an essential resource that empowers stakeholders with the knowledge needed to navigate and thrive in this competitive landscape. 

Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/brush-motor-market

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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Degaussing System Market Size, Share, Trends Overview & Demand Insights by 2032

In 2023, the global degaussing system market was worth $0.90 billion. It is expected to grow steadily, reaching $0.93 billion in 2024 and $1.46 billion by 2032, with an annual growth rate of 5.7%. The Asia-Pacific region led the market in 2023, holding a significant share of 46.67%.

The Degaussing systems are used to eliminate the induced and permanent longitudinal, vertical, and athwartship magnetism in various naval vessels by arranging magnetometers and coils accordingly. Copper coils surround the structure in all three dimensions during degaussing. Growing innovations in demagnetization or degaussing technology to drive global degaussing system market growth during the forecast period.

Fortune Business Insights™ mentioned this in a report titled, “Global Degaussing System Market, 2023-2030.”

Informational Source:

https://www.fortunebusinessinsights.com/degaussing-system-market-108153

List of Key Players Present in the Report:

Wärtsilä Corporation (Finland)

Larsen & Turbo Limited (India)

Ultra Electronics Holdings plc (U.K.)

L3 Harris Technologies, Inc. (U.S.)

American Superconductor Corporation (U.S.)

Polyamp AB (Sweden)

Raytheon Technologies Corporation (U.S.)

Groupe Gorgé (France)

STL Systems AG (Switzerland)

Hensoldt AG (Germany)

Segments:

Degaussing Coils Segments to Dominate the Market Owing to Their Ability to Neutralize the Residual Magnetism

Based on the component, the market is classified into power supplies, degaussing coils, control units, monitoring systems, and others. The degaussing segment dominates the global degaussing system market share and is estimated to be the fastest-growing segment during the projected period. The growth is attributed as they are used to neutralize the residual magnetism in a ship's hull or electronic equipment.

Rising Demand for Prolonged Systems’ Accuracy and Reliability to Aid Ranging Segment Growth

By solution, the market is divided into degaussing, deperming, and ranging. The ranging segment is estimated to be the fastest-growing segment in the market due to the growing demand for prolonged systems’ accuracy and reliability.

Growing Demand for Border Security to Drive Offshore Patrol Vessel (OPV) Segment Growth

By vessel type, the market is segmented into amphibious ships, destroyers, frigates, landing craft, Offshore Patrol Vessel (OPV), mine warfare/countermeasure, submarine, and others. The Offshore Patrol Vessel (OPV) segment dominates the market and is estimated to witness significant growth during the forecast period. The growth is attributed to the increasing demand for border security and border control globally.

Service Segment Dominates the Market Due to Increasing Advanced Demagnetizing Techniques Demand

Based on end user, the market is classified into OEM, aftermarket, and services. The services segment dominates the market and is expected to witness significant growth during the forecast period owing to the increasing demand for advanced demagnetizing techniques.  

Geographically, the market is studied across North America, Europe, Asia Pacific, and Rest of the World.

Report Coverage

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

Comprehensive insights into regional developments.

List of major industry players.

Key strategies adopted by the market players.

The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Increased Government Initiatives to Expand Naval Vessels Fleet to Boost Market Growth

The governments of several nations globally are launching new initiatives and investing in the modernization and expansion of their naval fleets. This is expected to drive the global degaussing system market growth. The retrofitting of the existing naval ships with the updated systems is also expected to drive market growth during the projected period. The increasing engagement of naval forces to expand their naval vessel fleets globally to boost market growth during the forecast period.

However, the high costs associated with retrofit installation, training, customization, and compliance with strict rules and standards hamper market growth during the forecast period.

Regional Insights

Increased Presence of Major Fleet to Boost Market Growth in Asia Pacific

The Asia Pacific dominated the market and stood at USD 412.8 million in 2022. The growth was attributed to the high presence of a major fleet in the region.

North America is estimated to be the fastest-growing region during the forecast period and held a significant market share in 2022. The growth is attributed to the increasing expansion of naval defense capabilities in the region.

Competitive Landscape

Increasing Adoption of Mergers & Acquisitions by Key Players to Drive Market Growth

The global degaussing system market comprises key players, such as American Superconductor Corporation (AMSC), L3 Harris Technologies, Inc., Larsen & Toubro Limited, and others. The increasing adoption of mergers & acquisitions strategies by key players, with technological advancements and product innovation, is estimated to drive market growth during the forecast period.

Key Industry Development

November 2022 - Damen Shipyards Group commissioned Wärtsilä SAM Electronics to integrate the electrical systems of the F126 project. This includes the integration of all electrical systems, including the production and supply of switchgear, degaussing systems, power distribution systems, special equipment for power supply, lighting systems supply, and other equipment.

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Vehicle Motors Market: Trends, Growth, and Future Opportunities

The Vehicle Motors market is expected to grow from USD 46.39 Billion in 2024 to USD 75.27 Billion by 2030, at a CAGR of 8.40% during the forecast period.

The vehicle motors market has emerged as a pivotal segment of the global automotive industry, fueled by advancements in electrification, stringent emission regulations, and the growing adoption of electric vehicles (EVs). Vehicle motors play a crucial role in converting electrical energy into mechanical energy, ensuring optimal performance and energy efficiency. This market encompasses motors used in various types of vehicles, including electric, hybrid, and conventional internal combustion engine (ICE) vehicles.

Top Key Market Players are

Nidec, Mabuchi, Johnson Electric, Mitsuba, Buhler, Denso, Bosch, ASMO, Brose, Shilin Electric, Remy International, Valeo

For More Insights into the Market, Request a Sample of this Report: https://www.reportprime.com/enquiry/sample-report/19870

Key Market Drivers

Rise of Electric Vehicles (EVs): The accelerating shift toward EVs is one of the primary drivers of the vehicle motors market. Governments worldwide are implementing policies to promote EV adoption, such as subsidies, tax rebates, and infrastructure development. Electric motors, which form the core of EV propulsion systems, are experiencing unprecedented demand. This trend is expected to grow further as automakers expand their EV portfolios to meet sustainability goals.

Stringent Emission Standards: With global efforts to reduce carbon emissions, regulatory bodies are enforcing stricter fuel efficiency and emission norms. This has prompted automakers to adopt advanced motor technologies, such as brushless DC motors and permanent magnet synchronous motors, to enhance vehicle efficiency.

Technological Advancements: Innovations in motor technology, such as high-efficiency motors and lightweight designs, are propelling market growth. Emerging trends, including integrated motor and inverter systems, are reducing the overall weight and complexity of propulsion systems, thereby improving vehicle performance.

Market Segmentation

By Motor Type:

DC Brushed Motors: Common in ICE vehicles for auxiliary applications like power windows and wipers.

Brushless DC Motors (BLDC): Preferred for EVs due to their high efficiency, reliability, and low maintenance.

Induction Motors: Widely used in hybrid vehicles for traction purposes.

Permanent Magnet Synchronous Motors (PMSM): Dominant in high-performance EVs due to their superior efficiency and power density.

By Vehicle Type:

Passenger Cars: The largest market segment, driven by the rapid adoption of EVs and hybrids.

Commercial Vehicles: Growing investments in electric buses and trucks are boosting demand in this segment.

Two-Wheelers: Rising urbanization and e-mobility trends are fueling the use of electric motors in scooters and motorcycles.

By Geography:

North America: Robust EV adoption and government incentives are key growth factors.

Europe: A leader in EV innovation, with stringent emission norms driving market demand.

Asia-Pacific: Rapid industrialization, urbanization, and the dominance of automotive giants like China and Japan make this region a growth hub.

Challenges in the Market

Despite its promising growth, the vehicle motors market faces several challenges. One major obstacle is the high cost associated with advanced motor technologies, which can hinder adoption in cost-sensitive markets. Additionally, the scarcity of raw materials like rare earth metals used in permanent magnet motors poses a supply chain risk. Overcoming these challenges will require a focus on alternative materials, improved recycling technologies, and government policies supporting sustainable practices.

Future Trends and Opportunities

Integration of AI and IoT: The integration of artificial intelligence (AI) and the Internet of Things (IoT) in vehicle motors is revolutionizing their functionality. Smart motors equipped with predictive maintenance capabilities and energy management systems are likely to dominate future markets.

Focus on Sustainability: As sustainability becomes a core focus, the development of recyclable motor components and energy-efficient designs will be pivotal. Research into bio-based materials for motor construction is also gaining traction.

Expansion of EV Infrastructure: The growth of EV charging networks and advancements in battery technology will further enhance the adoption of electric motors.

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Permanent Magnet Motor Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The permanent magnet motor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Permanent Magnet Motor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The permanent magnet motor market size has grown strongly in recent years. It will grow from $41.41 billion in 2023 to $45.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to an increase in the number of new households, growing adoption in the automotive sector, an increase in machine efficiency, an increase in the demand for automobiles, and an increasing demand for energy-efficient motors. The permanent magnet motor market size is expected to see strong growth in the next few years. It will grow to $66.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to an increase in production costs, increasing motor efficiency due to permanent magnets, rising demand for permanent magnet motors (PMM), increasing use of PMDC engines in electric vehicles, and an increase in passenger as well as commercial vehicle sales. Major trends in the forecast period include technological advancements, technologically advanced solutions, product innovations, advancements in motor design and manufacturing techniques, and innovations and investments in research and development.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/permanent-magnet-motor-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The growing adoption of electric vehicles is expected to propel the growth of the permanent magnet motor market going forward. Electric vehicles are automobiles powered entirely or partially by electricity stored in rechargeable batteries rather than by internal combustion engines. The growth of electric vehicles is due to rising environmental awareness, government incentives, advancements in battery technology, and increasing consumer demand for sustainable transportation solutions. Permanent magnet motors are integral to electric vehicles, offering benefits such as high efficiency, compact size, and reduced maintenance, all of which contribute to better overall vehicle performance and efficiency. For instance, in May 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization, in 2022, electric vehicle (EV) sales surged by 55%, totaling 10.5 million units, as reported by the EV Volumes sales database. Therefore, the growing adoption of electric vehicles is driving the growth of the permanent magnet motor market.

Market Trends - Major companies operating in the permanent magnet motor market are focused on developing innovative products such as brushed permanent magnet DC motors to enhance their product offerings, improve energy efficiency, and meet the growing demand for reliable, cost-effective solutions in various applications, such as automotive, industrial automation, and consumer electronics. Brushed permanent magnet DC (PMDC) motors are a type of electric motor that uses permanent magnets to create the magnetic field required for operation, and they employ brushes to transfer current to the rotor. For instance, in June 2023, Delta Line, a Switzerland-based company specializing in permanent magnet motors, launched high torque capacity Brushed Permanent Magnet DC motors including 42D1, 52D1, and 63D1. These motors are designed to operate in harsh environmental conditions, featuring an IP54 protection rating and F insulation class, which enhances their durability. This offers customization options even for small and medium volume requests, including shaft or flange designs and special windings variations.

The permanent magnet motor market covered in this report is segmented –

1) By Type: Permanent Magnet Alternating Current (PMAC), Permanent Magnet Direct Current (PMDC), Brushless Direct Current (DC) Motors 2) By Power Rating: Up To 25KW, 25-100kW, 100-300KW, 300KW And Above 3) By Application: Automotive, Industrial, Consumer Electronics, Aerospace And Defense, Energy And Power Generation, Healthcare 4) By End User: Industrial, Commercial, Residential

Get an inside scoop of the permanent magnet motor market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=19643&type=smp

Regional Insights - Asia-Pacific was the largest region in the permanent magnet motor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the permanent magnet motor market are Robert Bosch GmbH, Siemens AG, General Electric Co., Denso Corporation, ABB Limited, Toshiba Corporation, Valeo SA, Emerson Electric Co., Parker Hannifin Corporation, Nidec Corporation, Rockwell Automation Inc., MinebeaMitsumi Inc., Ametek Inc., WEG S.A., Yaskawa Electric Corp., Johnson Electric Holdings Ltd., Wolong Electric Co. Ltd., Buhler Motors GmbH, Bonfiglioli Group, Aerotech Corporation, Sinotech Group Inc.

Table of Contents 1. Executive Summary 2. Permanent Magnet Motor Market Report Structure 3. Permanent Magnet Motor Market Trends And Strategies 4. Permanent Magnet Motor Market – Macro Economic Scenario 5. Permanent Magnet Motor Market Size And Growth ….. 27. Permanent Magnet Motor Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[vikassagaar]

🌍 𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗠𝗮𝗴𝗻𝗲𝘁 𝗠𝗼𝘁𝗼𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 🚀

IndustryARC™ updated the market research study on “𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗠𝗮𝗴𝗻𝗲𝘁 𝗠𝗼𝘁𝗼𝗿 𝗠𝗮𝗿𝗸𝗲𝘁” Forecast (2024-2032)

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://lnkd.in/gewAfTub

The Permanent Magnet Motor (PMM) market is revolutionizing industries, offering higher efficiency, compact design, and sustainability. With applications spanning from electric vehicles to industrial automation and renewable energy, the market is poised for exponential growth.

𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

🌍 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆

Permanent magnet motors are increasingly in demand due to their high energy efficiency and reduced carbon footprint. Industries worldwide are embracing these motors to align with green energy initiatives and stricter environmental regulations. Their ability to minimize energy loss makes them ideal for eco-friendly solutions.

🏭 𝗥𝗶𝘀𝗶𝗻𝗴 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗶𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻

The surge in industrial automation has boosted the adoption of permanent magnet motors in applications such as robotics, conveyors, and CNC machines. These motors provide high torque and precise control, making them essential for modern, automated manufacturing systems.

🚗 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 (𝗘𝗩) 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀

Permanent magnet motors are central to the EV revolution, offering lightweight and high-power solutions for vehicles. Their compact design and efficiency help enhance driving range and performance, making them a preferred choice for automakers globally.

𝐆𝐞𝐭 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨: https://lnkd.in/gNgZd4EP

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Siemens| GE) | ABB | Nidec Conversion | Mitsubishi Electric. | Toshiba Corporation | Hitachi | Bosch | WEG | Johnson Electric | Rolls-Royce | Dyson | GKN Automotive | Johnson Matthey | BAE Systems

Cambridge Motorics | Ultra Electronics Group| Meggitt | Oxford Instruments plc

✨ (𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐟 𝟏𝟎𝟎𝟎$ 𝐨𝐧 𝐚𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬 | 𝐔𝐬𝐞 𝐂𝐨𝐝𝐞: 𝐅𝐋𝐀𝐓𝟏𝟎𝟎𝟎 𝐚𝐭 𝐜𝐡𝐞𝐜𝐤𝐨𝐮𝐭) https://lnkd.in/gy2wsfmn

[global-research-report]

Permanent Magnets: Driving Advances in Automotive and Renewable Energy Sectors

Permanent Magnets Industry Overview

The global permanent magnets market size is projected to reach approximately USD 39.71 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% over the forecast period.. The rising number of supportive initiatives to promote healthcare infrastructure, especially in developing countries, is projected to aid the market growth over the forecast period.

The demand for the product is expected to be driven by the extensive usage in industrial automation amidst the COVID-19 outbreak and rising demand from the healthcare sector. Permanent magnets are used in various medical devices, such as blood separators, surgical devices, dental equipment, patient monitoring systems, drug delivery systems, and Magnetic Resonance Imaging (MRI) scanners, and other essential & non-essential healthcare devices. The COVID-19 outbreak in 2020 played a key role in driving the investments in developing healthcare infrastructure.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

For instance, the Government of India laid out the plan to upend its healthcare spending by nearly 3% of its total GDP by 2022. Such initiatives are likely to drive the product demand in the healthcare sector over the predicted timeline. The product is also significantly used in wearable electronic devices. The global economy is currently witnessing drastic developments in technology, which has led to the proliferation of smart electronic devices.

The market for wearable electronics devices, smartphones, and other smart technologies in advanced as well as emerging economies is likely to witness significant growth. This is likely to indirectly benefit the product demand over the forecast period. The global market is fragmented and is characterized by regional concentration. On account of the presence of large-scale rare earth metal deposits in China, numerous small, medium, and large-scale manufacturers are located in close vicinity.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global wet scrubber market size was valued at USD 1.17 billion in 2024 and is anticipated to grow at a CAGR of 8.5% from 2025 to 2030. 

The global wood chipper machines market size was valued at USD 402.9 million in 2024 and is expected to grow at a CAGR of 5.0% from 2025 to 2030. 

Permanent Magnets Market Segmentation

Grand View Research has segmented the global permanent magnets market based on material, application, and region:

Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Ferrite

Neodymium Iron Boron (NdFeB)

Aluminum Nickel Cobalt (Alnico)

Samarium Cobalt (SmCo)

Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Automotive

Consumer goods & electronics

Industrial

Aerospace & Defense

Energy

Medical

Others

Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Russia

UK

France

Italy

Asia Pacific

China

India

Japan

South Korea

Indonesia

Central & South America

Brazil

Argentina

Middle East & Africa

KSA

Key Companies profiled:

Adams Magnetic Products Co.

Earth-Panda Advance Magnetic Material Co., Ltd.

Arnold Magnetic Technologies

Daido Steel Co., Ltd.

Eclipse Magnetics Ltd.

Electron Energy Corp.

Goudsmit Magnetics Group

Hangzhou Permanent Magnet Group

Magnequench International, LLC

Ningbo Yunsheng Co., Ltd.

Ninggang Permanent Magnetic Materials Co., Ltd.

Key Permanent Magnets Companies Insights

Some of the key players operating in the market include Hitachi Metals Ltd., Shin-Etsu Chemical Co., Ltd. and Ningbo Yunsheng Co., Ltd.

Hitachi Metals Ltd. operates through three business segments, namely automotive related products, electronics-related products, and infrastructure related products. It offers a wide range of products including cutting tools, molding materials, chassis, exhaust components, magnets & motor related products, LCD displays & semiconductors, medical equipment, aircraft components, piping equipment, industrial equipment, and rubber.

Shin-Etsu Chemical Co., Ltd. operates through various business segments, namely PVC, silicones, specialty chemicals, semiconductor silicon, electronics & functional materials, and processing/trading businesses.

Ningbo Yunsheng Co., Ltd. develops and manufactures sintered and bonded NdFeB, AlNiCo, and SmCo magnets; magnetic assemblies; and electric motor products. The company is engaged in the research and management of servomotors, compact spinning devices, automobile motors, serinette, smart technology products & supplies, and neodymium magnets.

Earth-Panda Advance Magnetic Material Co., Ltd., and Ninggang Permanent Magnetic Materials Co., Ltd., are some of the emerging market participants.

Recent Developments

In October 2023, Ara Partners, a private equity firm acquired Vacuumschmelze (VAC), a German permanent magnets producer, from its equity investor Apollo. This will strengthen the duo’s rare earths value chain, and help the former to pursue its strategic growth opportunity of supplying permanent magnets to key industries such as electric vehicles (EV).

In January 2023, VAC signed an agreement with U.S. automaker General Motors to build a permanent magnets manufacturing plant in North America to manufacture, using locally sourced raw materials. The product would be used in the manufacture of electric motors supplied to GM automobiles.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.