Permanent Magnet Market – Detailed analysis of current industry figures with growth opportunities and forecasts growth by 2027 | Adams Magnetic Products Co., Inc, Hitachi Metals, Ltd., Electron Energy Corporation

Report Ocean publishes a new report on the global Permanent Magnet Market. The global Permanent Magnet Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Permanents magnet Market to reach USD 59.31 billion by 2027. Global Permanents magnet Market is valued approximately at USD 31.42 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2021-2027. 

Permanent magnets define the type of magnetic materials in which the internal structure of the materials generally generates the magnetic field. These magnets originate from various other rare-earth metals, including alloys such as nickel, cobalt and iron as well. 

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Permanent Magnet Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Permanent Magnet Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Permanent Magnet Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Permanent Magnet Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Permanent Magnet Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

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The study covers the fundamental aspects of the Global Permanent Magnet Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Permanent Magnet Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Permanent Magnet Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Permanent Magnet Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Permanent Magnet Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Permanent Magnet Market are:

Adams Magnetic Products Co., Inc
Hitachi Metals, Ltd.
Electron Energy Corporation
Yantai Shougang Magnetic Materials Inc.
Chengdu Galaxy Magnets Co., Ltd.
Ningbo Yunsheng Co. Ltd.
Tengam Engineering, Inc
Arnold Magnetic Technologies
Shin-Etsu Chemical Co., Ltd.
Goudsmit Magnetics

Scope of the Report

The global Permanent Magnet Market segmentation focuses on;

By Type:
Neodymium Iron Boron Magnets
Ferrite Magnets
Samarium Cobalt Magnets
Alnico Magnets
Others

By End use:
Consumer Electronics
General Industrial
Automotive
Medical Technology
Environment & Energy
Aerospace & Defense
Others

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This release was published on openPR.