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Global Permanent Lifting Magnets Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Hishiko,Kanetec,Walker Magnetics,Inc.
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Permanent lifting magnets are composed of magnet materials and steel parts which build a path through which the magnetic flux goes from the magnet materials to ferromagnetic load to be lifted.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times and supply-lead-times.
At present, because of the substitutability and higher safety of electromagnetic lifting, and many companies remove the business of permanent magnet lifting, focusing on the development of electromagnetic lifting, the global market of permanent magnet lifting will continue to shrink.
Over the past two years, the Chinese government has vigorously advocated energy saving and emission reduction, and formulated a series of policies to solve the problem of excess capacity in the steel industry. Permanent magnet lifting will receive tremendous impact downstream. Because of this, India's iron and steel industry is in full swing, with rapid growth in output and exports, which will drive the growth of permanent magnet lifting.
The global Permanent Lifting Magnets market is valued at 480 million US$ in 2018 is expected to reach 370 million US$ by the end of 2025, growing at a CAGR of -3.4% during 2019-2025.
Market Segment by Manufacturers, this report covers
Hishiko
Kanetec
Walker Magnetics
magnetoolinc
Sarda Magnets
Eriez Manufacturing
Armstrong Magnetics
Industrial Magnetics
Walmag Magnetics
Braillon Magnetics
ALFRA GmbH
Eclipse Magnetics
Earth-Chain Enterprise
Assfalg GmbH
Hunan Kemeida Electric
Shenyang Longi
Market Segment by Type, covers
Below 500Kg
500-1000Kg
Above 1000Kg
Market Segment by Applications, can be divided into
Steel
Construction
Industrial
Others
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Related Information:
North America Permanent Lifting Magnets Market Growth 2019-2024
United States Permanent Lifting Magnets Market Growth 2019-2024
Asia-Pacific Permanent Lifting Magnets Market Growth 2019-2024
Europe Permanent Lifting Magnets Market Growth 2019-2024
EMEA Permanent Lifting Magnets Market Growth 2019-2024
Global Permanent Lifting Magnets Market Growth 2019-2024
China Permanent Lifting Magnets Market Growth 2019-2024
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