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Permanent Magnet Market Business Overview, Industry Statistics, Growth Drivers And Future Opportunities By 2031: Daido Steel Co Ltd, Arnold Magnetic Technologies
Permanent Magnet Market
The regions covered in the permanent magnet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest permanent magnet market share.
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The permanent magnet market consists of sales of permanent magnets by entities (organizations, sole traders, and partnerships) that include rare earth elements, nickel and cobalt. Permanent magnets preserve its magnetic characteristics in the absence of a magnetizing force, such as a current or an inducing field. It is used in speakers, microphones, credit and debit cards, magnetic resonance imaging in hospitals and in electric vehicles.
Key competitors in the permanent magnet market are Arnold Magnetic Technologies, Electron Energy Corporation, Daido Steel Co., Ltd., Chengdu Galaxy Magnets Co. Ltd., Shin-Etsu Chemical Co. Ltd., Goudsmit Magnetics.
The global permanent magnet market size is expected to grow from $26.59 billion in 2021 to $29.61 billion in 2022 at a compound annual growth rate (CAGR) of 11.37%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The permanent magnets market is expected to reach $46.65 billion in 2026 at a CAGR of 12.03%.
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TBRC's report segments the global permanent magnet market:
1) By Type: Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets
2) By Sales Channel Type: Direct Sales, Distributors
3) By End-Use: General Industrial, Automotive, Medical Technology, Environment and Energy, Aerospace and Defense, Consumer Electronics
Read Further On The Permanent Magnet Market Here:
https://www.thebusinessresearchcompany.com/report/permanent-magnet-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Permanent Magnet Market Characteristics
3. Permanent Magnet Market Trends And Strategies
4. Impact Of COVID-19 On Permanent Magnet
5. Permanent Magnet Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Permanent Magnet Market
29. Permanent Magnet Market Future Outlook And Potential Analysis
30. Appendix
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