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Magnetic Refrigeration Market 2021 Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2027 | Camfridge, Whirlpool Corporation, Haier, BASF SE, SAMSUNG
Magnetic Refrigeration Market
This report studies the Magnetic Refrigeration Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Magnetic Refrigeration Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ”Global Magnetic Refrigeration Market By Product {refrigeration systems (Refrigerators, Cabinet Display Freezers, Beverage Coolers, Ice Cream Cabinets), Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers), Heat Pumps} Application{ Domestic, Commercial, Transportation(Logistics, Automotive, Aerospace, Marine), Industrial(Food & Beverage Processing and Storage, Healthcare), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026″. Early buyers will get 10% customization on study.
To Avail deep insights of Magnetic Refrigeration Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Wearable Magnetic Refrigeration Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
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Market research studies stated in this Magnetic Refrigeration report are very thoughtful for the businesses which assist them with the better decision making and develop better strategies about production, marketing, sales and promotion. This Magnetic Refrigeration report brings together comprehensive industry analysis with exact estimates and forecasts that offers complete research solutions with maximum industry clarity. The report includes CAGR value fluctuations during the forecast period of 2021-2027 for the market. And to serve the clients best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while forming this report.
Market Analysis: Global Magnetic Refrigeration Market
Global Magnetic Refrigeration Market is expected to rise from its initial estimated value of USD 23.71 billion in 2018 to an estimated value of USD 5669.09 billion by 2026, registering a CAGR of 98.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing concerns of parking amid growth in the number of refrigerators.
Few of the major competitors currently working in the magnetic refrigeration market are Cooltech Applications (France), Camfridge Ltd (UK), Astronautics Corporation of America (US), Whirlpool Corporation (US), Haier lnc (China), BASF SE (Germany), eramet. (France), SAMSUNG (South Korea), Toshiba Corporation (Japan), VACUUMSCHMELZE GMBH & CO. KG (Germany), and Sigma-Aldrich Co. l(US ).
Market Definition: Global Magnetic Refrigeration Market
Magnetic refrigeration is based on the principle of Magnetocaloric Effect (MCE). Magnetocaloric effect is a phenomenon where Magnetocaloric materials gets heated up when they are immersed in the magnetic field and cool down when removed from it, almost instantly. Magnetic refrigeration is safer, compact, and quieter and it is higher cooling efficient as compared to the traditional gas compression refrigeration. A series of the magnetization-demagnetization cycles to the magneto caloric alloys is applied in a magnetic refrigeration system.
Magnetic Refrigeration Market Drivers:
Low energy consumption by magnetic refrigeration systems is going to drive the growth of this market
Increasing focus on green technology is going to drive the growth of this market
Magnetic Refrigeration Market Restraints:
High cost of equipment is expected to act as a restraint to the market growth
Lack of awareness regarding the benefits of magnetic refrigeration is also expected to act as a restraint to the market growth
Key Developments in the Market:
In 10th September 2016, Cooltech Applications, S.A. S., a leading magnetic refrigeration company, launched its first commercial magnetic refrigeration system (MRS). The magnetic cooling system uses a water coolant instead of a refrigerant gas which is an innovative approach that consumes minimal energy and eco-friendly in nature.
On 5th January 2015, Haier, Astronautics, and BASF presented the first prototype of a magnetocaloric wine cooler at the International Consumer Electronics Show in Las Vegas/Nevada. Partners demonstrate the functional principle of innovative technology for energy efficient cooling.
Research Methodology: Global Magnetic Refrigeration Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by MarketDigits team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Magnetic Refrigeration Market Reports – Table of Contents
Preface
Assumptions and Research Methodology
Executive Summary: Global Magnetic Refrigeration Market
Market Overview
Key Insights
Global Magnetic Refrigeration Market Analysis and Forecast, By Product
Global Magnetic Refrigeration Market Analysis and Forecast, By Detector
Global Magnetic Refrigeration Market Analysis and Forecast, By Technology
Global Magnetic Refrigeration Market Analysis and Forecast, By Application
Global Magnetic Refrigeration Market Analysis and Forecast, By End-user
Global Magnetic Refrigeration Market Analysis and Forecast, By Region
North America Magnetic Refrigeration Market Analysis and Forecast
Europe Magnetic Refrigeration Market Analysis and Forecast
Asia Pacific Magnetic Refrigeration Market Analysis and Forecast
Latin America Magnetic Refrigeration Market Analysis and Forecast
Middle East & Africa Magnetic Refrigeration Market Analysis and Forecast
Competitive Landscape
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