**Global Permanent Magnet Motor Market Expected to Reach $95.2 Billion by 2032**
The global market for permanent magnet motors was valued at approximately $55.2 billion in 2025. It is forecasted to grow at a compound annual growth rate (CAGR) of 8.0% between 2026 and 2032, reaching an estimated $95.2 billion by the end of the period. This growth reflects increasing demand across …