A permanent magnet drive is a motor drive that uses a permanent magnet synchronous motor as the driving element. Permanent magnet synchronous motors have built-in permanent magnets that generate a magnetic field without an external power source, allowing for efficient, high-performance operation. The permanent magnet driver achieves precise control of the motor by controlling the rotor position and current of the permanent magnet synchronous motor, thereby achieving precise speed regulation and high-efficiency operation.

The global Permanent Magnet Drive market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

ReportPrime's newest research report, the “Permanent Magnet Drive Industry Forecast” looks at past sales and reviews total world Permanent Magnet Drive sales in 2023, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Drive sales for 2024 through 2030.

This Insight Report provides a comprehensive analysis of the global Permanent Magnet Drive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. It also analyzes the strategies of leading global companies with a focus on Permanent Magnet Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Drive and breaks down the forecast by:

• Type
• Application
• Geography
• Market Size

United States market for Permanent Magnet Drive is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Permanent Magnet Drive is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Permanent Magnet Drive is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Permanent Magnet Drive players cover:

• ABB Group
• Siemens AG
• Schneider Electric SE
• Rockwell Automation, Inc.
• Fuji Electric Co., Ltd.

This report presents a comprehensive overview, market shares, and growth opportunities of the Permanent Magnet Drive market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

1. Open Loop Vector Control
2. Closed Loop Vector Control

Segmentation by Application:

1. Industrial
2. Automobile Industry
3. Energy Industry
4. Mining Industry
5. Petrochemical Industry
6. Others

This report also splits the market by region:

• Americas
  • United States
  • Canada
  • Mexico
  • Brazil
• APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
• Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, and its market penetration:

• ABB Group
• Siemens AG
• Schneider Electric SE
• Rockwell Automation, Inc.
• Fuji Electric Co., Ltd.
• Nidec Corporation
• Danfoss A/S
• Yaskawa Electric Corporation
• NXP Semiconductors
• Parker Hannifin Corporation
• Emerson
• WEG S.A.
• Hitachi, Ltd.
• Delta Electronics, Inc.
• Zhejiang Founder Motor
• Ningbo Physis Technology
• INOVANCE
• KEKAI Electronics
• MIKOM
• JACT

Key Questions Addressed in this Report:

• What is the 10-year outlook for the global Permanent Magnet Drive market?
• What factors are driving Permanent Magnet Drive market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do Permanent Magnet Drive market opportunities vary by end market size?
• How does Permanent Magnet Drive break out by Type, by Application?