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was estimated to be worth USD 15580 Million and is forecast to reach approximately USD 26010 Million by 2031 with a CAGR of 7.7% during the forecast period 2025-2031.

High Power Density Permanent Magnet Synchronous Motor Market

Low Voltage Synchronous Permanent Magnet Motor Market

The global market for Axial Flux Motor for Robots was valued at USD 190 Million in the year 2024 and is projected to reach a revised size of USD 325 Million by 2031, growing at a CAGR of 8.0% during the forecast period.

The global market for Compact Axial Flow Fan was valued at USD 465 Million in the year 2024 and is projected to reach a revised size of USD 612 Million by 2031, growing at a CAGR of 4.0% during the forecast period.

The global market for Axial Piston Pump was valued at USD 3142 Million in the year 2024 and is projected to reach a revised size of USD 4009 Million by 2031, growing at a CAGR of 3.6% during the forecast period.

The global market for Electronically Commutated (EC) Axial Cooling Fans was valued at USD 1254 Million in the year 2024 and is projected to reach a revised size of USD 1937 Million by 2031, growing at a CAGR of 6.5% during the forecast period.

The global Permanent Magnet Synchronous Motor for Power market was valued at USD 175 Million in 2023 and is anticipated to reach USD 245.2 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

Permanent Magnet Drive Market

Synchronous Motors Market

The global Permanent Magnet Synchronous Traction Machine market is projected to reach USD 2833.7 Million in 2029, increasing from USD 1815 Million in 2022, with the CAGR of 6.5% during the period of 2023 to 2029.

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