Asia Pacific Permanent Magnet Motor Market Size, Share, Trends & Analysis by Type (Synchronous Motors, Brushless DC Motors, Stepper Motors, Switched Reluctance Motors), by Magnet Type (Neodymium Iron Boron, Samarium Cobalt, Ferrite), by Cooling Method (Air-Cooled, Liquid-Cooled), by End Use (Transportation, Manufacturing, Residential, Commercial) and Region, with Forecasts from 2024 to 2034.

  • Published: January, 2025
  • Pages: 189
  • Format:
  • Report ID: 56254127
  • Industry: Automation

Market Overview

 

The Asia Pacific Permanent Magnet Motor Market is poised for significant expansion from 2024 to 2034, driven by increasing demand for energy-efficient motors, advancements in magnet technologies, and rising adoption in various end-use industries. The market is projected to achieve a valuation of USD XX.XX billion by 2034, growing at a compound annual growth rate (CAGR) of XX.XX% from USD XX.XX billion in 2024. Key factors contributing to this growth include:

 

• Energy Efficiency Requirements: Governments and industries are prioritizing energy-efficient technologies, driving the demand for permanent magnet motors.

 

• Technological Advancements: Innovations in magnet materials, such as neodymium iron boron (NdFeB) and samarium cobalt (SmCo), enhance motor performance and durability.

 

• Growing Industrial Automation: Increased adoption of automation in manufacturing and other sectors boosts the need for precision and high-performance motors.

 

Definition and Scope of Permanent Magnet Motors

 

Permanent magnet motors use magnets to create the magnetic field required for motor operation, eliminating the need for external excitation. These motors are known for their high efficiency, compact size, and reliability. They are widely used across industries such as transportation, manufacturing, residential, and commercial sectors. The market is categorized based on motor type, magnet type, cooling method, end-use application, and regional presence.

 

Market Drivers

 

• Rising Adoption in Electric Vehicles (EVs): Permanent magnet motors are extensively used in EVs due to their high efficiency and compact size, supporting the growing demand for sustainable transportation solutions.

 

• Energy Efficiency Mandates: Government regulations promoting energy-saving technologies are driving the adoption of permanent magnet motors across industries.

 

• Expansion of Industrial Automation: The increasing need for precise motion control and efficiency in manufacturing processes is fueling market growth.

 

Market Restraints

 

• High Initial Costs: The production and adoption of permanent magnet motors, especially those using rare-earth materials, involve significant costs.

 

• Dependence on Rare Earth Materials: The reliance on materials like neodymium and samarium, which are subject to supply chain volatility, can impact market growth.

 

• Thermal Management Challenges: Ensuring effective cooling and thermal management for high-performance motors remains a challenge.

 

Opportunities

 

• Advancements in Magnet Technology: Research and development in high-performance magnets can lower costs and improve motor efficiency.

 

• Integration with Renewable Energy Systems: Permanent magnet motors’ efficiency and reliability make them ideal for wind turbines and other renewable energy applications.

 

• Emerging Markets: Expanding industrialization in emerging economies presents significant growth opportunities for permanent magnet motor manufacturers.

 

Market Segmentation Analysis

 

• By Type

    ○ Synchronous Motors

    ○ Brushless DC Motors

    ○ Stepper Motors

    ○ Switched Reluctance Motors

 

• By Magnet Type

    ○ Neodymium Iron Boron (NdFeB)

    ○ Samarium Cobalt (SmCo)

    ○ Ferrite

 

• By Cooling Method

    ○ Air-Cooled

    ○ Liquid-Cooled

 

• By End Use

    ○ Transportation

    ○ Manufacturing

    ○ Residential

    ○ Commercial

 

Regional Analysis

 

The Asia Pacific Permanent Magnet Motor Market demonstrates robust growth potential across the following regions:

 

• China: As a manufacturing hub and a leader in EV adoption, China drives significant demand for permanent magnet motors.

 

• India: Rapid industrialization and government initiatives promoting energy efficiency support market growth.

 

• Japan: Known for its technological advancements, Japan has a well-established market for high-performance motors.

 

• South Korea: The country’s focus on smart factories and sustainable technologies fuels the demand for permanent magnet motors.

 

• Southeast Asia: Emerging economies like Vietnam, Indonesia, and Thailand are witnessing increased adoption of energy-efficient solutions, driving market growth.

 

The Asia Pacific Permanent Magnet Motor Market is on a strong growth trajectory, driven by energy efficiency requirements, advancements in magnet technologies, and expanding industrial automation. As industries and governments focus on sustainable and efficient solutions, permanent magnet motors are expected to play a pivotal role in shaping the future of transportation, manufacturing, and other critical sectors.

 

Competitive Landscape

 

Key players in the Asia Pacific Permanent Magnet Motor Market include:

 

ABB Ltd.

Siemens AG

Nidec Corporation

Mitsubishi Electric Corporation

Toshiba Corporation

Johnson Electric Holdings Limited

Maxon Group

Allied Motion Technologies Inc.

Anaheim Automation, Inc.

Arc Systems, Inc.

Table of Contents:

 

1. Introduction

    1.1. Definition of Permanent Magnet Motors

    1.2. Scope of the Report

    1.3. Research Methodology

 

2. Executive Summary

    2.1. Key Findings

    2.2. Market Snapshot

    2.3. Key Trends

 

3. Market Dynamics

    3.1. Market Drivers

        3.1.1. Rising Demand for Energy-Efficient Motors

        3.1.2. Growth in Industrial Automation and Robotics

        3.1.3. Advancements in Magnet Materials and Motor Design

        3.1.4. Other Market Drivers

    3.2. Market Restraints

        3.2.1. High Initial Costs of Permanent Magnet Motors

        3.2.2. Supply Chain Constraints for Rare Earth Materials

        3.2.3. Competition from Alternative Motor Technologies

        3.2.4. Other Market Restraints

    3.3. Market Opportunities

        3.3.1. Emerging Applications in Electric Vehicles and Renewable Energy

        3.3.2. Increasing Adoption in Developing Economies

        3.3.3. Innovations in Cooling and Thermal Management Technologies

        3.3.4. Other Market Opportunities

 

4. Asia Pacific Permanent Magnet Motor Market Analysis

    4.1. Market Size and Forecast (2024–2034)

    4.2. Market Share Analysis by:

        4.2.1. Type

            4.2.1.1. Synchronous Motors

            4.2.1.2. Brushless DC Motors

            4.2.1.3. Stepper Motors

            4.2.1.4. Switched Reluctance Motors

        4.2.2. Magnet Type

            4.2.2.1. Neodymium Iron Boron (NdFeB)

            4.2.2.2. Samarium Cobalt (SmCo)

            4.2.2.3. Ferrite

        4.2.3. Cooling Method

            4.2.3.1. Air-Cooled

            4.2.3.2. Liquid-Cooled

        4.2.4. End Use

            4.2.4.1. Transportation

            4.2.4.2. Manufacturing

            4.2.4.3. Residential

            4.2.4.4. Commercial

    4.3. Value Chain Analysis

    4.4. SWOT Analysis

    4.5. Porter’s Five Forces Analysis

 

5. Regional Market Analysis

    5.1. China

        5.1.1. Market Overview

        5.1.2. Market Size and Forecast

        5.1.3. Key Trends

        5.1.4. Competitive Landscape

    5.2. India

        5.2.1. Market Overview

        5.2.2. Market Size and Forecast

        5.2.3. Key Trends

        5.2.4. Competitive Landscape

    5.3. Japan

        5.3.1. Market Overview

        5.3.2. Market Size and Forecast

        5.3.3. Key Trends

        5.3.4. Competitive Landscape

    5.4. South Korea

        5.4.1. Market Overview

        5.4.2. Market Size and Forecast

        5.4.3. Key Trends

        5.4.4. Competitive Landscape

    5.5. Australia

        5.5.1. Market Overview

        5.5.2. Market Size and Forecast

        5.5.3. Key Trends

        5.5.4. Competitive Landscape

    5.6. Rest of Asia Pacific

        5.6.1. Market Overview

        5.6.2. Market Size and Forecast

        5.6.3. Key Trends

        5.6.4. Competitive Landscape

 

6. Competitive Landscape

    6.1. Market Share Analysis of Key Players

    6.2. Company Profiles of Key Players

        6.2.1. ABB Ltd.

        6.2.2. Siemens AG

        6.2.3. Nidec Corporation

        6.2.4. Mitsubishi Electric Corporation

        6.2.5. Toshiba Corporation

        6.2.6. Johnson Electric Holdings Limited

        6.2.7. Maxon Group

        6.2.8. Allied Motion Technologies Inc.

        6.2.9. Anaheim Automation, Inc.

        6.2.10. Arc Systems, Inc.

    6.3. Recent Developments and Innovations

    6.4. Strategic Initiatives

 

7. Future Outlook and Market Forecast

    7.1. Market Growth Prospects

    7.2. Technological Trends and Innovations

    7.3. Investment Opportunities

    7.4. Strategic Recommendations

 

8. Key Insights and Reiteration of Main Findings

9. Future Prospects for the Asia Pacific Permanent Magnet Motor Market

 

List of Tables:

 

Table 1: Asia Pacific Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 2: Asia Pacific Permanent Magnet Motor Market, By Synchronous Motors, 2024-2034 (USD Million)

Table 3: Asia Pacific Permanent Magnet Motor Market, By Brushless DC Motors, 2024-2034 (USD Million)

Table 4: Asia Pacific Permanent Magnet Motor Market, By Stepper Motors, 2024-2034 (USD Million)

Table 5: Asia Pacific Permanent Magnet Motor Market, By Switched Reluctance Motors, 2024-2034 (USD Million)

Table 6: Asia Pacific Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 7: Asia Pacific Permanent Magnet Motor Market, By Neodymium Iron Boron, 2024-2034 (USD Million)

Table 8: Asia Pacific Permanent Magnet Motor Market, By Samarium Cobalt, 2024-2034 (USD Million)

Table 9: Asia Pacific Permanent Magnet Motor Market, By Ferrite, 2024-2034 (USD Million)

Table 10: Asia Pacific Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 11: Asia Pacific Permanent Magnet Motor Market, By Air-Cooled Motors, 2024-2034 (USD Million)

Table 12: Asia Pacific Permanent Magnet Motor Market, By Liquid-Cooled Motors, 2024-2034 (USD Million)

Table 13: Asia Pacific Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 14: Asia Pacific Permanent Magnet Motor Market, By Transportation Sector, 2024-2034 (USD Million)

Table 15: Asia Pacific Permanent Magnet Motor Market, By Manufacturing Sector, 2024-2034 (USD Million)

Table 16: Asia Pacific Permanent Magnet Motor Market, By Residential Sector, 2024-2034 (USD Million)

Table 17: Asia Pacific Permanent Magnet Motor Market, By Commercial Sector, 2024-2034 (USD Million)

Table 18: Asia Pacific Permanent Magnet Motor Market, By Country, 2024-2034 (USD Million)

Table 19: China Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 20: China Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 21: China Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 22: China Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 23: India Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 24: India Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 25: India Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 26: India Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 27: Japan Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 28: Japan Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 29: Japan Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 30: Japan Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 31: South Korea Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 32: South Korea Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 33: South Korea Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 34: South Korea Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 35: Australia Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 36: Australia Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 37: Australia Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 38: Australia Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 39: Rest of Asia Pacific Permanent Magnet Motor Market, By Type, 2024-2034 (USD Million)

Table 40: Rest of Asia Pacific Permanent Magnet Motor Market, By Magnet Type, 2024-2034 (USD Million)

Table 41: Rest of Asia Pacific Permanent Magnet Motor Market, By Cooling Method, 2024-2034 (USD Million)

Table 42: Rest of Asia Pacific Permanent Magnet Motor Market, By End Use, 2024-2034 (USD Million)

Table 43: Asia Pacific Permanent Magnet Motor Market Revenue, By Type, 2024-2034 (USD Million)

Table 44: Asia Pacific Permanent Magnet Motor Market Volume, By Type, 2024-2034 (Thousand Units)

Table 45: Asia Pacific Permanent Magnet Motor Market Revenue, By Magnet Type, 2024-2034 (USD Million)

Table 46: Asia Pacific Permanent Magnet Motor Market Volume, By Magnet Type, 2024-2034 (Thousand Units)

Table 47: Asia Pacific Permanent Magnet Motor Market Revenue, By Cooling Method, 2024-2034 (USD Million)

Table 48: Asia Pacific Permanent Magnet Motor Market Volume, By Cooling Method, 2024-2034 (Thousand Units)

Table 49: Asia Pacific Permanent Magnet Motor Market Revenue, By End Use, 2024-2034 (USD Million)

Table 50: Asia Pacific Permanent Magnet Motor Market Volume, By End Use, 2024-2034 (Thousand Units)

Table 51: ABB Ltd.: Company Snapshot

Table 52: ABB Ltd.: Operating Segments

Table 53: ABB Ltd.: Product Portfolio

Table 54: Siemens AG: Company Snapshot

Table 55: Siemens AG: Operating Segments

Table 56: Siemens AG: Product Portfolio

Table 57: Nidec Corporation: Company Snapshot

Table 58: Nidec Corporation: Operating Segments

Table 59: Nidec Corporation: Product Portfolio

 

List of Figures:

 

Figure 1: Asia Pacific Permanent Magnet Motor Market: Market Segmentation

Figure 2: Asia Pacific Permanent Magnet Motor Market: Research Methodology

Figure 3: Top-Down Approach

Figure 4: Bottom-Up Approach

Figure 5: Data Triangulation and Validation

Figure 6: Asia Pacific Permanent Magnet Motor Market: Drivers, Restraints, Opportunities, and Challenges

Figure 7: Asia Pacific Permanent Magnet Motor Market: Porter's Five Forces Model Analysis

Figure 8: Asia Pacific Permanent Magnet Motor Market: Value Chain Analysis

Figure 9: Asia Pacific Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 10: Asia Pacific Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 11: Asia Pacific Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 12: Asia Pacific Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 13: Asia Pacific Permanent Magnet Motor Market Share Analysis, By Region, 2024-2034

Figure 14: China Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 15: China Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 16: China Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 17: China Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 18: India Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 19: India Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 20: India Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 21: India Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 22: Japan Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 23: Japan Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 24: Japan Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 25: Japan Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 26: South Korea Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 27: South Korea Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 28: South Korea Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 29: South Korea Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 30: Australia Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 31: Australia Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 32: Australia Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 33: Australia Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 34: Rest of Asia Pacific Permanent Magnet Motor Market Share Analysis, By Type, 2024-2034

Figure 35: Rest of Asia Pacific Permanent Magnet Motor Market Share Analysis, By Magnet Type, 2024-2034

Figure 36: Rest of Asia Pacific Permanent Magnet Motor Market Share Analysis, By Cooling Method, 2024-2034

Figure 37: Rest of Asia Pacific Permanent Magnet Motor Market Share Analysis, By End Use, 2024-2034

Figure 38: Asia Pacific Permanent Magnet Motor Market: Competitive Benchmarking

Figure 39: Asia Pacific Permanent Magnet Motor Market: Vendor Share Analysis, 2024

Figure 40: Asia Pacific Permanent Magnet Motor Market: Regulatory Landscape

Figure 41: Asia Pacific Permanent Magnet Motor Market: Technological Innovations

Figure 42: Asia Pacific Permanent Magnet Motor Market: Future Outlook

Figure 43: Asia Pacific Permanent Magnet Motor Market: Forecast Methodology

Key Players: (this may not be a complete list and extra companies can be added upon request)

 

ABB Ltd.

Siemens AG

Nidec Corporation

Mitsubishi Electric Corporation

Toshiba Corporation

Johnson Electric Holdings Limited

Maxon Group

Allied Motion Technologies Inc.

Anaheim Automation, Inc.

Arc Systems, Inc.

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