Frequently Asked Questions
The market is segmented based on , Motor Type (Direct Current (DC) Motor, and Alternating Current (AC) Motor), Magnetic Material Type (Ferrite, Neodymium, Samarium Cobalt, and Other), End-user (Automotive, General Industrial, Energy Sector, Water and Wastewater Management, Mining, Oil, and Gas, Aerospace and Defense, and Other) - Industry Trends and Forecast to 2031.
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The Global Permanent Magnet Motor Market size was valued at USD 47.86 USD Billion in 2023.
The Global Permanent Magnet Motor Market is projected to grow at a CAGR of 7.87% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.
