Press release
Permanent Magnet Market Trend 2024 Global Players Hitachi Metals America, Ltd., Adams Magnetic Products, Arnold Magnetic Technologies, TDK Corporation, Electron Energy Corporation
Permanent Magnet Market
With global fossil fuel reserve set to deplete in the next 50 to 70 years, energy generation focus is shifting towards the renewable and emission free sources. Wind energy has come up to be a prominent renewable source of energy with a total installed capacity of over 400 gigawatts all around the globe, and more than 200 gigawatts been installed since 2010. Permanent magnet market size in the energy generation sector will increase substantially in the near future as the UN has aimed at 100% emission free energy generation by the end of 2050.
Request for a sample copy of this report @
www.gminsights.com/request-sample/detail/1113
Permanent Magnet Market size is slated to exceed USD 50 billion by the end of 2024; according to a new research report by Global Market Insights, Inc. Flourishing automotive industry was a major reason for growth in 2015. The products are extensively used for energy conversion in accessory motors, sensing devices, actuators, loudspeakers, meters, alternators, etc.
Automotive production has witnessed a steady rise in the past five years from 80 million units in 2011 to around 91 million units in 2015 owing to increasing GDP and enhanced lifestyle of people throughout the world. Growing application of light weight and strong products in the personal cars and other commercial vehicles production will influence the permanent magnet market positively.
Permanent magnet market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2013 to 2024, for the following segments:
By Product
• Ferrite magnet
• NdFeB magnet
• SmCo magnet
• AlNiCo magnet
By Application
• Automotives
• Electronics
• Energy generation
• Others
Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1113
Development of low cost manufacturing processes is also likely to propel the permanent magnet market up to 2024. Investments for innovative production lines and development of new materials such as nitride compounds or SmFeN based products influenced by the Concerted European Action on Magnets (CEAM) will have a positive influence throughout the forecast span. R&D on miniature sized products using rare-earth based products will steer the growth.
High price of rare earth metals used for production, such as neodymium, dysprosium, and samarium, may restrain the permanent magnet market growth. With almost all the rare-earth mines located in China, the import cost shoots up in the European and North American countries. Strict government norms regarding the harms caused by rare-earth metals mining may also hinder the growth.
Neodymium alloy or NdFeB based products will be a noteworthy product segment in terms of revenue. In volumetric terms, the ferrite products will garner significant share. NdFeB products will witness growth due to increasing demand for light weight and powerful products with good aesthetic features. NdFeB magnets are anticipated to grow with CAGR over 10% up to 2024.
Browse Complete Report Summary @ www.gminsights.com/industry-analysis/permanent-magnet-market
The products find multiple applications in the automotive sector, making it an important application segment with close to half of the net share. Automotive applications generated revenue above USD 10 billion in 2015. On account of mushrooming wind energy demand and developments of other renewable energy sources, energy generation application will be a rapidly growing application segment with CAGR more than 10% up to 2024.
The permanent magnet market competitive landscape is fragmented due to the presence of several small and medium level manufacturing companies. Principal participating companies are Hitachi Metals, TDK Corporation, Hangzhou Group, Adams Magnetic Products, Electron Energy Corp, Arnold Magnetic Technologies, etc.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Permanent Magnet Market Trend 2024 Global Players Hitachi Metals America, Ltd., Adams Magnetic Products, Arnold Magnetic Technologies, TDK Corporation, Electron Energy Corporation here
News-ID: 1256765 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Magnet
Global Magnet Assemblies Industry Magnet Market Size 2021 Analysis And Forecast …
(United States, OR Poland): Global Magnet Assemblies Industry Magnet Market overview 2021 Magnet Assemblies Industry Magnet market studies the existing as well as the future visions of the Magnet Assemblies Industry Magnet market. It includes a detailed outline of the Magnet Assemblies Industry Magnet market along with market pictures. Also, it offers a complete data of the various segments in the Magnet Assemblies Industry Magnet market study. The report analyzes…
Magnet Motor Free Energy Generator
More and more often one hears about the site https://www.magnet-motor4u.de/magnetmotor which does not only make the round online and is based on the findings of Infinity SAV, Muammer Yildiz, Howard Johnson, Friedlich Lüling, Mike Brady, V-Gate.
All these inventors are among the greatest geniuses of the 20th century and have filed their own patents. Through their work, they paved the way for many amenities that we use daily and as a…
Global Whiteboard Magnet Industry Market
This examination report sorts Global Whiteboard Magnet Industry Market by players/brands, locale, type, and application. This report likewise thinks about the worldwide market status, rivalry scene, the piece of the overall industry, development rate, future patterns, showcase drivers, openings and difficulties, deals channels, wholesalers and Porter's Five Forces Analysis.
Get sample copy of report:
https://www.marketdensity.com/contact?ref=Sample&reportid=4645
Table of Contents
Chapter 1 Whiteboard Magnet Market Overview
1.1 Product Overview and Scope of Whiteboard Magnet…
Global NdFeB Magnets Sales Market By Product Type | Sintered NdFeB Magnet and Bo …
Researchmoz added Most up-to-date research on "Global NdFeB Magnets Sales Market By Product Type | Sintered NdFeB Magnet and Bonded NdFeB Magnet" to its huge collection of research reports.
In this report, the global NdFeB Magnets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split…
Global Sintered NdFeB Magnet Market 2016 : Zhenghai, Zhongbei, Sanhuan, Beijing …
A market study based on the "Sintered NdFeB Magnet Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Sintered NdFeB Magnet Market 2016’. The research report analyzes the historical as well as present performance of the global Sintered NdFeB Magnet market, and makes predictions on the future status of Sintered NdFeB Magnet market on the basis of this analysis. Global Sintered NdFeB Magnet Industry…
Saving costs with magnet separators
S+S whitepaper provides information about magnet technology especially for the chemical and pharmaceutical industries
Schönberg, July 2013
S+S has prepared a white paper on the subject of "Reduced process costs in the chemical and pharmaceutical industries with magnet separators". This white paper describes the application possibilities and the function of magnet separators, and the advantages for the chemical and pharmaceutical industries, which essentially are clean products and saving potentials. The white paper…
