The invention relates to a permanent 
magnet speed regulator with a fixed magnetic gap, and the 
speed regulator comprises a first internal magnetic rotor, a second internal magnetic rotor, and an external 
magnet rotor frame, wherein a driving shaft coaxially passes through the first and second internal magnetic rotors, and the external 
magnet rotor frame is connected with a driven shaft. The external magnet rotor frame is provided with an external magnetic rotor through a bearing. In addition, one end, close to the driven shaft, of the external magnetic rotor is provided with an external magnetic rotor planetary gear. A driven shaft planetary gear is disposed between the external magnetic rotor planetary gear and the driven shaft. The 
speed regulator employs a fixed magnetic gap structure, so the speed 
regulator greatly increases the engagement area, reduces the 
assembly difficulty, reduces the generated heat, enlarges the range of speed regulation, saves 
rare earth materials, and greatly improves the capability of 
torque transmission. Because the speed 
regulator employs a planetary 
gear transmission structure, the speed 
regulator achieves a function of 0-%N speed regulation of input and output rotating speeds through changing the 
gear ratio of the external magnetic rotor planetary gear to the driven shaft planetary gear. In addition, the speed regulator employs a bearing structure, and prevents the continuous shaking of the driven shaft in two directions from causing that the driven shaft cannot rotate normally in one direction to drive a load.