Permanent Magnet Market to phenomenally drive the global landscape over 2024
Automotive manufacturing is becoming a lucrative segment due to the extensive usage of magnets for several components like electric window regulators, door locks, speakers and windscreen wipers. Gradual demand for commercial vehicles and cars will fuel permanent magnet industry share considerably.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1113
In recent years, automotive sector has rapidly shifted its preferences toward vehicle electrification which help in reducing the load on the engine and improves fuel economy and emissions, as well as passenger comfort.
With the introduction of advanced features like power windows, electrically adjustable seats, and other vital accessories, the electric load in vehicles is increasing year by year. This will entail more advanced developments and refinements in magnetic materials and manufacturing technology. Reportedly, automotive sector will account for a revenue of more than USD 25 billion of global permanent market share by 2024.
In June 2019, TDK Corporation, a Japanese multinational electronics company had unveiled expansion of its portfolio of Micronas magnetic sensor with CUR 423x sensors developed for existing measurements in industrial and automotive applications. This technology is currently making way for ground-breaking coreless current-sensing applications. Such advancements would positively impact permanent magnet market outlook.
Growth Drivers are
• Rising automotive market
• Global shift towards sustainable energy generation
• Advancements in manufacturing technologies
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/permanent-magnet-market
Considering the regional landscape, China holds more than 95% of the rare earth metal reserves globally, making Asia Pacific region the leading source of rare-earth based magnets. APAC permanent magnet industry is projected to grow noticeably over the coming years due to increasing consumption across automobile, electronics and wind energy sectors.
Emerging economies like India and China will be among the foremost revenue pockets for regional magnetic material deployment. Several key players are putting their efforts to make new and better magnets for vehicles for making them safer and convenient to use. Nowadays, magnets are playing a major role in the production line of automotive industry and are extensively used in the locking system and seat belt indicator, which are important safety features.
With the expansion of automotive segment, market players are planning to invest massively in R&D programs to gain more revenue over the forthcoming years. Mergers & acquisitions would also become a major business strategy adopted by various industry participants.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1113
Hitachi Metals, Adams Magnetic Products, Electron Energy Corp, TDK Corporation, Hangzhou Group, Arnold Magnetic Technologies are some of the notable permanent magnet suppliers worldwide.
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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.
This release was published on openPR.
Permanent link to this press release:
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 to phenomenally drive the global landscape over 2024 here
News-ID: 1893546 • Views: 349
More Releases from global market insights
Air Duct Market 2020 Trends by Leading Players: Ruskin Titus Gulf LLC, Deflecto, …
Rising implementation of HVAC systems in commercial and residential buildings coupled with increasing construction activities in the emerging economies of Asia Pacific and the Middle East & Africa is positively augmenting the demand for air duct market. Also, increasing consumer awareness regarding the construction of green buildings is further expected to upsurge the consumption of airducts. Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2339 Air ducts offer superior
Plant Protein Ingredients Market 2020 Forecast 2026 | Top Players - Axiom Food I …
The global Plant Protein Ingredients market was valued at USD 5.5 Billion in 2019 and is projected to touch USD 10 Billion by 2025, developing at a CAGR of 19% from 2019 to 2025. Decresearch has recently published a study titled 'Global Plant Protein Ingredients Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Plant Protein Ingredients market. The report is inclusive of a completely
Shea Butter Market 2020 Forecast 2026 | Top Players - OLVEA GROUP, AAK AB, Corne …
The global Shea Butter market was valued at USD 1.40 Billion in 2018 and is projected to touch USD 2.9 Billion by 2024, developing at a CAGR of 10.5% from 2019 to 2024. Decresearch has recently published a study titled 'Global Shea Butter Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Shea Butter market. The report is inclusive of a completely comprehensive study of
Coenzyme Q10 Market 2020 Forecast 2026 | Top Players - Vitamin Shoppe, NBTY, Pha …
Decresearch has recently published a study titled 'Global Coenzyme Q10 Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Coenzyme Q10 market. The report is inclusive of a completely comprehensive study of the Coenzyme Q10 Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market. A highly methodical quantitative as well as qualitative analysis of
More Releases for Magnet
Global Magnet Wire Market Insights, Forecast
This report presents the worldwide Magnet Wire market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=52352 Table of Contents: Table of Contents 1 Study Coverage
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
Strategic Overview of the Neodymium Magnet Market
Neodymium magnets, also known as super magnets, are the most powerful category of permanent magnets. Neodymium is a rare earth metal, and when combined with iron and boron, it forms the strongest permanent magnet currently available in the world. These magnets can be produced in various shapes such as discs, blocks, cubes, rings, rods, and spheres. Applying nickel-copper-nickel coating over these magnets lends them an appealing silver surface. Neodymium magnets
H.I.S. Enterprise: The Leading Magnet Manufacturer
With over two decades of experience in the designing and magnet manufacturing industry, H.I.S. Enterprise has become one of the leading manufacturers in Cape Town. The company is also renowned as a distributor of EZ-film materials for the signage industry. Designing and producing fridge magnets, button badges and mouse pads are the company’s forte. Fridge magnets: Among all the core products of H.I.S. Enterprise, fridge magnets are extremely popular due to
Global Ferrite Magnet Market Outlook 2011-2021
This report provides detailed analysis of worldwide markets for Ferrite Magnet from 2011-2016, and provides extensive market forecasts (2016-2021) by region/country and subsectors. It covers the key technological and market trends in the Ferrite Magnet market and further lays out an analysis of the factors influencing the supply/demand for Ferrite Magnet, and the opportunities/challenges faced by industry participants. It also acts as an essential tool to companies active across the
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