Japan Permanent Magnet: Size, Future, Growth, Trends Analysis 2032

 Japan permanent magnet motor market is projected to witness a CAGR of 9.72% during the forecast period FY2025-FY2032, growing from USD 4.59 billion in FY2024 to USD 9.64 billion in FY2032. 




The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to increased adoption in the industrial sector, rising requirements for electric vehicles, a significant surge in new households, and rapid urbanization. The demand for Japan’s permanent magnet motor market is projected to rise owing to its usability for a wide range of uses, the expansion of renewable energy sources, and a significant advancement in industrial automation. In addition, the advancements and innovations in magnet design and motor design are probably to enhance their effectiveness and performance, expanding their application variety. As countries are moving towards sustainable energy solutions, the demand for permanent magnet motors is rising as they are efficiently integrated into wind turbines and other renewable energy systems. Moreover, the Japanese government is introducing different rules and standards to motivate the usage of energy-efficient technologies, further fostering the adoption rate of permanent magnet motors in Japan. For instance, in June 2024, China released a list of rare-earth regulations focused on preventing supplies, laying out riles on smelting, mining, and trading in the essential materials utilized to make products from magnets in EVs to consumer electronics.

Companies in the Japan permanent magnet motor market are efficiently establishing permanent magnet factories in other countries to expand their product portfolio and market presence and secure orders from electric vehicle companies worldwide. For instance, in October 2023, POSCO Co., Ltd., a leading company in Japan, announced an expansion by building a factory to produce permanent magnets in the US with Star Group and expanding its presence in the electric vehicle supply chain.

Growing Demand for Electric Vehicles Drives the Japan Market Share

The Japanese market for permanent magnet motors is witnessing significant growth owing to the growing production of electric vehicles, rising awareness concerning sustainable transportation, and a surge in the adoption rate for electric vehicles. With the domestic shift towards sustainability, Japanese automakers are considerably investing in EV technology, as the country focuses on addressing its environmental objectives. Permanent magnet motors are efficient and compact, making them perfect for integration into electric vehicles because these motors offer higher power density, enhanced efficiency, and reduced weight compared to traditional induction motors. In addition, the electric vehicle market in Japan is significantly expanding with key manufacturers’ investments in electric and hybrid vehicle technologies. The government’s supportive policies, including subsidies, and the formulation of stringent emission rules, drive the demand for electric vehicles further propelling the Japan permanent magnet motor market demand in the forecast period. Companies in the market are efficiently using cost-effective motors in electric vehicles to drop the cost of electric vehicles and contribute to net zero carbon emissions.

For instance, in June 2024, Nissan Group turned to low-cost samarium-iron motor magnets for EV future to cut down the manufacturing cost and to drive down the cost of electric vehicles.

Advancements in Motor Effectiveness and Size Propel Market Demand

Permanent magnet motors in Japan are evolving to be more effective and compact. As industries require higher-performance motors for applications varying from industrial machinery to consumer electronics, the requirement for motors that are not only powerful but also energy-efficient and smaller in size has increased. Companies in the market are significantly investing in different research and development activities to improve the energy conversion effectiveness of permanent magnet motors which further lessens energy loss and surges overall system performance. Innovations including the usage of rare earth materials, integration of artificial intelligence, and advanced motor designs, driving the Japan permanent magnet motor market growth in the forecast period. In addition, the ongoing improvement in materials and design approaches is also making permanent magnet motors more cost-effective, thus expanding their usage in different sectors. Furthermore, companies in the market are launching new electric motors to offer an overall better driving experience and maximum effectiveness throughout the vehicle operating range.

For instance, in December 2024, Danfoss A/S, a leading company in Japan, announced the launch of an electric motor based on synchronous reluctance-assisted permanent magnet technology, which will offer seamless integration into applications.

Industrial Registers the Largest Japan Permanent Magnet Motor Market Share

Due to its high efficiency, reliability, and compact size, the industrial segment is a dominant end-user in the Japanese permanent magnet motor market. These motors are extensively used in industrial machinery, manufacturing processes, and automation systems, where precision and energy efficiency are paramount. Additionally, the significant rise in demand for energy-efficient solutions is projected to drive Japan permanent magnet motor market growth in the forecast period as industries are seeking methods to reduce operational costs and comply with stringent environmental regulations. Furthermore, technological innovations and advancements play an important role in improving the applicability and performance of permanent magnet motors, which further drives demand for permanent magnet motor in Japan. Also, Japan’s robust industrial base, coupled with the government’s support for modernization and technological integration, creates a conducive environment for market growth. Government initiatives promoting the adoption of energy-efficient technologies and sustainable practices propel the increased use of permanent magnet motors in industrial applications.

Cobalt is Expected to be the Fastest-Growing Material Composition Segment in Japan Market

Samarium cobalt magnets are expected to be the fastest-growing segment in Japan’s permanent magnet motor market owing to their superior performance and unique characteristics that make them perfect for high-temperature, high-performance applications. Unlike other magnets, which are dependent on rare earth elements including neodymium, samarium cobalt magnets offer different distinct benefits, specifically in applications where thermal stability and reliability are critical. One of the important factors, including the growth of the samarium cobalt segment, is its efficient resistance to high temperatures. In addition, samarium cobalt magnets provide excellent corrosion resistance, making them perfect for harsh environments, including aerospace and marine sectors, which are becoming significantly essential in Japan’s technology-driven economy. Furthermore, the demand for samarium cobalt is growing as these motors play an important role in renewable energy systems, including wind turbines, which need efficient and reliable motors that can withstand environmental stresses for long durations.

Download Free Sample Report

Future Market Scenario (FY2025 — FY2032F)

  • The increasing adoption of EVs in Japan is driving the demand for permanent magnet motors, which offer high efficiency and compact design, essential for electric propulsion systems.
  • Supportive government policies and incentives for clean energy and sustainable transportation are promoting the use of permanent magnet motors in various applications.
  • Continuous innovations in motor design and materials, such as neodymium magnets, enhance the performance and reliability of permanent magnet motors, making them more attractive to industries.
  • The growing trend of industrial automation requires precise and efficient motors, leading to increased adoption of permanent magnet motors in robotics, manufacturing equipment, and other automated systems.

Report Scope

“Japan Permanent Magnet Motor Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Japan permanent magnet motor market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click Here:https://www.marketsandata.com/industry-reports/japan-permanent-magnet-motor-market

About Us:

Markets and Data provides a comprehensive/ panoramic understanding of markets at global, regional, and country levels. Examine changing consumer preferences, emerging challenges, underlying trends, and growth prospects to accelerate your business strategies.

Contact

Mr. Vivek Gupta

5741 Cleveland street,

Suite 120, VA beach, VA, USA 23462

Tel: +1 (757) 343–3258

Email: info@marketsandata.com

Website: https://www.marketsandata.com

 
 

Comments

Post a Comment

Popular posts from this blog

The Future Is Charged: What’s Next for Lithium-ion Batteries in 2025

Image
  The  global lithium-ion battery   market isn’t slowing down anytime soon. In 2024, it stood at $73.16 billion. By 2032, it’s projected to climb to a staggering $283.11 billion. That’s not a gentle incline, it’s a steep ascent driven by how the world is evolving: more digital, more mobile, and more electric. They’re the technology quietly running behind everything from smartphones to electric vehicle power systems. And the pace of change is only accelerating. Why the World Keeps Turning to Lithium-Ion There’s a reason these batteries have become the go-to energy source. They’re compact, fast-charging, and built to last. This makes them ideal for devices we can’t live without smartphones, tablets, laptops, wearables, and more. As consumer electronics continue to evolve and integrate into daily life, battery performance becomes non-negotiable. People want devices that last longer and charge faster. It’s influencing how batteries are designed, what goes into them, and how t...
Read more

Global Tokenization in BFSI Market: Size, Future Growth Insights 2032

Image
  Global tokenization in the BFSI market  is projected to witness a  CAGR of 11.67%  during the forecast period 2025–2032, growing from  USD 683.78 million  in 2024 to  USD 1653.52 million  in 2032F, owing to the growing emphasis on data security, regulatory compliance, and the rise of digital payment systems. As financial institutions handle increasingly vast amounts of sensitive customer data, the need for advanced security measures has become paramount. Tokenization, which replaces sensitive data with non-sensitive equivalents or “tokens,” plays a crucial role in minimizing the risk of data breaches and fraud, especially in an environment where cyber threats are growing both in volume and sophistication. One of the primary growth drivers is the tightening of global data protection regulations such as the General Data Protection Regulation (GDPR), Payment Card Industry Data Security Standard (PCI DSS), and other financial compliance mandates. Th...
Read more

Global Automotive Smart Lighting Market: Size, Future, Growth, Trends Outlook 2032

Image
  Indian nano urea market   is projected to witness a   CAGR of 14.78%   during the forecast period FY2026-FY2033, growing from   20.61 million liters   in FY2025 to  62.09 million   liters in FY2033F, in terms of volume. Increasing demand for the sustainable and productive farming is one of the major drivers, as nano urea reduces environmental impact and increases crop yield. In addition, the government incentives for sustainable farming and subsidies on the use of nano urea further driving the demand. Furthermore, the cost advantage of nano urea over traditional fertilizers, along with its cost-saving logistics potential, also entice farmers. All these drivers propel the increasing use of nano urea, transforming the farming sector by offering a more sustainable and productive alternative to traditional fertilizers. Report Attributes Details Base Year FY2025 Forecast Period FY2026-FY2033F Historical Period FY2019-FY2024 Projected Growth Rate CAGR...
Read more