Purpose The purpose of this study is to propose a new magnetic gearing device and the proposed transmission model can be applied in the field of wind power and wave energy generation gearboxes. Design/methodology/approach A novel radial differential field-modulated two-stage magnetic gear is introduced, using a unique radial differential linkage to integrate two single-stage magnetic gears. This design incorporates a magnetic isolation ring to enhance transmission efficiency by minimizing magnetic interference and preventing power circulation. The two-stage modulating ring rotor operates synchronously via a connecting bridge, ensuring system stability and efficiency. This configuration not only boosts the gear ratio but also maintains a compact structure, improving power density and efficiency. Leveraging the magnetic field modulation and differential transmission, a finite element model of this gear is developed and its electromagnetic performance is analyzed. Findings The torque density of the new radial differential field-modulated two-stage magnetic gear has increased by 44.97% compared to the traditional tandem two-stage magnetic gear. It achieves a high transmission ratio of 64 and maintains comparable power density, indicating strong torque transfer capabilities suitable for low-speed, high-torque applications. During steady-state operation, the torque pulsation difference between the two stages is minimal, ensuring stable working torque. Social implications This research not only propels the forefront of magnetic gear technology through heightened efficiency and streamlined design but also bears profound societal significance in fostering sustainable energy paradigms. By facilitating superior energy conversion efficiencies in wind turbines and wave energy converters, it plays a pivotal role in mitigating carbon emissions and accelerating the global pivot towards cleaner, renewable energy landscapes. Originality/value A magnetic gear transmission device is proposed, which can achieve high power density and large transmission ratio at the same time, and this study provides a useful reference for the design optimization of new high-performance multistage magnetic gears.