Press release
Global Permanent Magnet market is Thriving with Rising Latest Trends by 2027 | Top Players- Adams Magnetic Products Co., AT&M, Arnold Magnetic Technologies, A To Z Magnet Mfg. Co., Baotou Inst Magnetic New Materials Co. Ltd
Global Permanent Magnet market
The Global Permanent Magnet market accounted for USD 14.94billion in 2016 and is projected to grow at a CAGR of 9.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors: Global Permanent Magnet Market
Some of the major players in permanent magnet market include Adams Magnetic Products Co., AT&M, Arnold Magnetic Technologies, A To Z Magnet Mfg. Co., Baotou Inst Magnetic New Materials Co. Ltd., Beijing ZhongKe San Huan Hi-Tech Co. Ltd., China Rare Earth Magnet Ltd., Clime Magnet Manufactory Co. Ltd., Daido Steel Co. Ltd., Dexter Magnetic Technologies Inc., EEC (Electron Energy Corp.), Feller Magtech Corp., Fuzhou Ao Magnet Electronic Co. Ltd., Hangzhou Best Magnet Co. Ltd., Hitachi Metals Ltd., HPMG (Hangzhou Permanent Magnet Group), IM (Integrated Magnetics), Longze Magnet Electronic Co. Ltd., MMC Magnetics, Bestway Magnet, Ningbo Co-Star Materials Hi-Tech Co. Ltd., Ningbo Jinke Magnetics Co. Ltd., Ningbo Ketian Magnet Co. Ltd., Newland International Trade Co. Ltd., Ningbo NGYV (Ninggang Permanent Magnetic) Materials Co. Ltd., Ningbo SanhuanMagsound Co. Ltd., Ningbo Songke Magnetic Materials Co. Ltd., Ningbo Vastsky Magnet Co. Ltd., Ningbo Xinfeng Magnet Industry Co. Ltd., Ningbo Yunsheng High-Tech Magnetics Co. Ltd., Ningbo Zhaobao Magnet Co. Ltd., Shenzhen Thinova Co. Ltd., SonalMagnetics, Stanford Magnets, TDK Corp., Thomas And Skinner Inc., Viona Magnetics, Xiamen Everbeen Magnet Electron Co. Ltd., Yantai Shougang Magnetic Materials Inc., Zhejiang Kaiven Magnet Co. Ltd. and many more.
Global Market, By Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), By Application (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense) -Industry Trends and Forecast to 2024
Market Definition:
Permanent magnet retains its magnetism after being removed from an external magnetic field.They do not require continuous electrical energy to maintain their electric field, due to which PM motors are preferred. The use of permanent magnets reduces the size of motors and improves performance, which can be done using nanocomposite permanent magnets.There is a growing demand for permanent magnet in consumer electronics, general industrial, automotive, medical technology and environment & energyactivity, which is expected to be one of the major drivers of the market over the next seven years.
Competitive Analysis:
The Global Permanent Magnet Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Table of Contents:
Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
By Component
Product Type
Delivery
Industry Type
Geography
Overview
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Company Landscape
Company Profiles
Related Reports
Major Market Drivers:
Growing automotive industry in Asia-Pacific
Increasing demand for efficiency & miniaturization
Initiativesby associations & regulatory bodiesto encourage use of permanent magnet
Market Restraint:
Fluctuation in raw material costs
Lack of quality control in developing countries
High research and development cost
Customization of the Report:
This report can be customized to meet the client's requirements. Please connect with our sales team (sopan.gedam@databridgemarketresearch.com), who will ensure that you get a report that suits your needs.
Inquire about this report from our expert's @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-permanent-magnet-market&PM
How does this market Insights help?
Permanent Magnet Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR from 2018 to 2025
Key parameters which are driving this market and restraining its growth
What all challenges manufacturers will face as well as new opportunities and threats faced by them.
Learn about the market strategies that are being adopted by your competitors and leading organizations
To gain insightful analyses of the market and have a comprehensive understanding of the "Permanent Magnet " and its commercial landscape
Market Segmentation:
On the basis of type:- Neodymium iron boron magnet, ferrite magnet, and samarium cobalt magnet.
On the basis of application:- Consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense and others. The automotive segment is further sub segmented into motors, sensors and switches. Medical is further sub segmented into scanning devices and implantable devices. The aerospace & defense segment is further sub segmented into electric engines and magnetic bearings.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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