The Automotive Shift Driving New Demand for Permanent Magnet Motor...

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2026-09-04 05:40:57 -

The Automotive Shift Driving New Demand for Permanent Magnet Motor Systems

The permanent magnet motor market is entering a strong growth phase as industries increasingly prioritize electrification, energy efficiency, compact equipment, and high-performance drive systems. The market was valued at USD 58.7 billion in 2025 and is projected to reach USD 122.6 billion by 2033, expanding at a CAGR of 9.8% from 2026 to 2033. The market is estimated at USD 63.8 billion in...

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