Permanent Magnet Market Analysis and Growth Forecast by Regions and Applications to 2025

Posted on 2022-01-28 by researchinsights in Chemicals, Industrial // 0 Comments

San Jose, California , USA, Jan 28, 2022 — /EPR Network/ —

The Permanent Magnet Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global Permanent Magnet Market is estimated to touch US$ 38.53 billion by the year 2024. Concerning the study statement by Grand View Research Inc., the global permanent magnet market is estimated to develop at a higher CAGR by the completion of the prediction period. The market of permanent magnets is mostly motivated by the growing demand for effectiveness and miniature size in several uses for example sensors, switches, lifts, and the increasing automobile manufacturing in the area of Asia-Pacific. The permanent magnet is mostly utilized in switches, sensors, motors, actuators, and others.

Request a Sample Copy of Permanent Magnet Market Report @ https://www.millioninsights.com/industry-reports/permanent-magnet-market/request-sample

Permanent Magnet Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)

Ferrite
Rare Earth

Permanent Magnet Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)

Ferrite
Automotive
Electronics
Industrial
Energy
Aerospace
Medical
Others
Rare Earth
Automotive
Electronics
Industrial
Energy
Aerospace
Medical
Others

Key Players Analysis covered in these report

Hangzhou Permanent Magnet Group
TDK Corporation
Adams Magnetic Products
Anhui Earth-Panda Advance Magnetic Material
Arnold Magnetic Technologies
Hitachi Metals

Access Permanent Magnet Market Report with TOC @ https://www.millioninsights.com/industry-reports/permanent-magnet-market

The area-wise division of the international market could span North America [U.S., Canada], Central & South America [Brazil], Europe [Germany], Asia Pacific [India, Japan, China, South Korea], Middle East, and Africa [South Africa]. By the source of geography, the market in the Asia Pacific is estimated to be motivated by the greater demand for rare earth and ferrite permanent magnets by the industries of automotive and electronics.

Furthermore, the speedy industrial development of the Chinese economy has given rise to the growth of the economy such as an industrialized base, leading to a greater demand for magnetic materials in the nation. The increasing demand for luxury cars in industrialized markets together with Italy, France, Germany, Spain, and the UK, is likely to help the demand for ferrite magnets due to the increasing use of the product in automotive manufacturing in diverse types of motors and additional systems. The demand for ferrite magnets for automotive subdivision in Europe is likely to develop by a CAGR of 8.0% above the period of prediction.

Visit Our Blog: https://marketreportsassistance.wordpress.com

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Matched content

Editor’s pick