Europe Permanent Magnet Market Market
Growth Analysis by Forecast to 2031

The Europe
Permanent Magnet Market size is expected to reach US$ 3,665.45 million
by 2031 from US$ 2027.17 million in 2024. The market is estimated to record a
CAGR of 9.3% from 2025 to 2031.

Executive Summary and Europe Permanent Magnet Market
Analysis:

The Europe permanent magnet market is experiencing
substantial growth, driven by the region's strong focus on green energy,
electrification, and technological advancements. A key catalyst is the
escalating demand for electric vehicles (EVs), fueled by the European Union's
stringent environmental regulations and policies promoting sustainable
transportation. High-efficiency permanent magnet synchronous motors (PMSMs),
vital components in EVs, are significantly boosting market expansion within the
automotive sector.

Europe Permanent Magnet Market Outlook:

Europe's increasing investment in renewable energy,
particularly wind power, is driving demand for permanent magnets in wind
turbine generators, essential for efficient, direct-drive turbines. The
European Green Deal's 2050 carbon neutrality goal further accelerates the
adoption of renewable energy and electrification technologies, bolstering the
need for permanent magnets across various applications. Europe is also focusing
on developing a resilient and sustainable rare earth element supply chain, including
domestic mining and recycling, to reduce dependence on external sources.
Additionally, industrial sectors like robotics, automation, and aerospace are
driving demand for high-performance permanent magnets in motors, actuators, and
sensors.

Segments Covered: Europe Permanent Magnet Market

Europe Permanent Magnet Market By Type

• Neodymium-Iron-Boron


• Ferrite


• Samarium
  Cobalt


• Alnico

Europe Permanent Magnet Market By Application

• Consumer
  Electronics


• Automotive


• Aerospace
  and Defense


• Medical


• Industrial
  Machinery


• Energy

Europe Permanent Magnet Market Company Profiles

The Europe Market is driven by several key players,
including:

1. Hitachi
   Ltd


2. Shin-Etsu
   Chemical Co Ltd


3. TDK
   Corp


4. Arnold
   Magnetic Technologies


5. Galaxymagnets


6. Goudsmit
   Magnetics


7. Electron
   Energy Corporation


8. Dexter
   Magnetic Technologies


9. Adams
   Magnetic Products, LLC


10. NINGBO
    YUNSHENG Co., Ltd

These companies employ strategies such as expansion, product
innovation, and mergers and acquisitions to remain competitive and deliver
innovative products to their consumers.

Europe Permanent Magnet Market Country Insights:

The European permanent magnet market is segmented by
country. Key growth drivers across Europe include the increasing adoption of
EVs and renewable energy technologies. The shift towards EVs is particularly
significant, with automakers integrating permanent magnet-based motors into
their models. The increasing push for decarbonization, along with government
incentives for EV adoption and renewable energy projects, is accelerating
market expansion throughout the European region.

Other Report:

ASEAN Graphite Market: https://business-news-insights.blogspot.com/2025/03/asean-graphite-market-top-companies.html

GCC Permanent Magnet Market: https://sites.google.com/view/gccpermanentmagnetmarket/home

Nordic Permanent Magnet Market: https://www.quora.com/profile/Business-Market-Insights-1/Nordic-Permanent-Magnet-Market-Key-Players-Analysis-Forecast-2031-The-Nordic-Permanent-Magnet-Market-size-is-expected

Asia Pacific Permanent Magnet Market: https://penzu.com/p/60715e93d6a37b11

BRIC Permanent Magnet Market: https://postyourarticle.com/bric-permanent-magnet-market-competitive-developments-analysis-and-2031/

Eastern Europe Permanent Magnet Market: https://flokii.com/-BusinesMarketInsights

About Us:

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market
Insights