Global Permanent Magnet Market research report proves to be a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. Moreover, it also contains all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values. The Global Permanent Magnet Market report explains a thorough study of current situation of the global market along with several market dynamics. The Global Permanent Magnet market is expected to rise to an estimated value of USD 42.3 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. The high growth of this market is due to the annual installation of the windmill will increase over 75GW capacity by 2019.
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Global Permanent Magnet Market By Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet, Alnico Magnet, Others), End-Use (Industrial, Medical Technology, Aerospace and Defence, Consumer Electronics, Automotive, Environment and Energy, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Permanent magnet retains its magnetism after being removed from an external magnetic field.They do not require continuous electrical energy to maintain their electric field, due to which PM motors are preferred. The use of permanent magnets reduces the size of motors and improves performance, which can be done using nanocomposite permanent magnets.There is a growing demand for permanent magnet in consumer electronics, general industrial, automotive, medical technology and environment & energy activity, which is expected to be one of the major drivers of the market over the next seven years.
The Global Permanent Magnet Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Key Market Competitors:
Few of the major competitors currently working in the Global Permanent Magnet are Hangzhou Permanent Magnet Group., Ltd, Daido Steel Co., Ltd., adamsmagnetic.com, Shin-Etsu Chemical Co., Ltd., Electron Energy Corp., Lynas Corporation, Hitachi Metals, Tengam Engineering, TDK Corporation, Bunting Magnetics, and Arnold Magnetic Technologies
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
- Rising demand for permanent magnets by automotive and medical sectors
- Growing use of various electronic consumer goods like semiconductors, home appliances, and smartphones is another factor driving the market growth
- It can be produce only below a certain temperature. That is why it can be applicable for hot device applications.
- The permanent magnet gets corroded with time which reduces the strength of the permanent magnets.
Key Developments in the Market:
- In August 2016, Daido Steel had achieved practical application of a hot deformed neodymium magnet which contains no heavy rare earth metals with high heat resistance properties and high magnetic performance which can be used in driving motor of a hybrid vehicle
Global Permanent Magnet Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Permanent Magnet Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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How does this market Insights help?
- Permanent Magnet Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR from 2018 to 2025
- Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Learn about the market strategies that are being adopted by your competitors and leading organizations
- To gain insightful analyses of the market and have a comprehensive understanding of the “Permanent Magnet ” and its commercial landscape
On the basis of type:- Neodymium iron boron magnet, ferrite magnet, and samarium cobalt magnet.
On the basis of application:- Consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense and others. The automotive segment is further sub segmented into motors, sensors and switches. Medical is further sub segmented into scanning devices and implantable devices. The aerospace & defense segment is further sub segmented into electric engines and magnetic bearings.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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