Permanent Magnet Motor Market Trends & Forecast...

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2025-08-26 10:42:00 -

Permanent Magnet Motor Market Trends & Forecast 2025–2032: Impact of EV Penetration & Smart Manufacturing

The global permanent magnet motor market size was valued at USD 55.71 billion in 2024 and is projected to grow from USD 60.92 billion in 2025 to USD 114.26 billion by 2032, exhibiting a CAGR of 9.39% during the forecast period. The global Permanent Magnet (PM) Motor Market is set for strong growth as industries increasingly adopt efficient, compact, and high-performance motor...

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