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Permanent Magnet Motor Market Growth Outlook and Strategic Insights 2025-2032

The Permanent Magnet Motor industry is witnessing rapid evolution driven by technological advancements and growing demand in electric vehicles, aerospace, and industrial automation. This dynamic sector is marked by robust market growth and innovative market trends reshaping the global industry landscape.
The Global Permanent Magnet Motor Market size is estimated to be valued at USD 54.11 billion in 2025 and is expected to reach USD 107.54 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.3% from 2025 to 2032. Permanent Magnet Motor Market Size is underpinned by increasing market revenue from automotive electrification and renewable energy sectors. The expanding market scope includes segments focusing on high-efficiency motors that enhance industry share while addressing rising energy efficiency standards globally.

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06:29 AM - Jul 01, 2025 (UTC)

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