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by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the global Permanent Magnet Motor Market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the Permanent Magnet Motor Market. The high initial cost of permanent magnet motor can restraint the growth of the Permanent Magnet Motor Market. However, growing robotics technology offers promising business opportunities in the Permanent Magnet Motor Market.

United statesAsia pacificAashish mehraBrake technologyUser consumer electronicsResearch insightPower market research reports consultingMagnet motor marketPower ratingPermanent magnet motor marketPermanent magnet motorMagnet motorDetailed tableContent herePermanent magnetRockwell automation