Press release
Permanent Magnets Market: Competitive Dynamics & Global Outlook 2023
Permanent magnets are objects made from a material that is magnetized and creates its own persistent magnetic field. Permanent magnets are made out of substances like magnetite (Fe3O4), the most magnetic naturally occurring mineral, or neodymium, a powerfully magnetic synthetic substance.
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Global Permanent Magnets Market: Forecast by Type / Application / Region
Magnetics (U.S.) focuses on basic development, designs, and applications of magnetic devices. The National Institute of Standards and Technology (NIST) (U.S.) focuses on the development of measurements, standards, and technology to improve the productivity of the product. Most of the companies have been focusing mainly on R&D in order to develop new and improved products .The companies have extensively applied expansion (either geographic or capacity expansion) as a growth strategy for this market, to increase their market share.
SmCo magnets can be used for the widest temperature range, followed by Alnico magnets. But their magnetic properties are not that high. Ferrite magnets are the cheapest permanent magnet, hence they are consumed in the largest proportion, but their usage is limited by an operable temperature range and lower magnetic energy product. The NdFeB magnet has confined usage in high temperature applications. But in combination with cobalt and dysprosium its temperature properties are enhanced and used widely in applications where miniaturization is an important design criterion.
Over the next five years, LPI(LP Information) projects that Permanent Magnets will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Permanent Magnets Market: Key Players
Hitachi Metals
TDK
Magnequench
FDK
Vacuumschmelze
Arnold
Philips
Cosmo Ferrites
Nicrra
Nec/Tokin
Tengam Engineering
DMEGC
JPMF Guangdong
Aerospace Magnet & Magneto
Sinomag Technology
Bgrimm Magnetic
Jinchuan Electronics
Tianyuan Technology
Kaiven Group
Golden South Magnetic
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Related Information:
United States Permanent Magnets Market Research Report 2018
Europe Permanent Magnets Market Research Report 2018
North America Permanent Magnets Market Research Report 2018
Asia-Pacific Permanent Magnets Market Research Report 2018
China Permanent Magnets Market Research Report 2018
EMEA Permanent Magnets Market Research Report 2018
Global Permanent Magnets Market Research Report 2018
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