Press release
Global Permanent Magnet Market Size is expected to reach a value of US$ 55.2 billion by 2028, at a CAGR of 8.5% over the forecast period (2022 - 2028)
Permanent objects retain their magnetic properties even in the absence of a magnetizing force, such as an inducing field or current. The magnetic field in permanent magnets is created by the material's internal structure. These magnets have strong magnetic moments, low small permeability, and are stable to external magnetic fields. These magnets are also known as hard magnets. These magnets use magnetism's ability to attract other magnets in order to convert electrical energy into mechanical energy and back again, so regulating the electrons. Some of these magnets are bonded magnets, ferrite magnets, and alloy magnets. Many different motors, loudspeakers, household products, and HVAC systems use them.
Read the market research report, " Global Permanent Magnet Market By Type (Neodymium Iron Boron (NdFeB), Ferrite, Samarium Cobalt (SmCo), Aluminum Nickel Cobalt (Alnico), Others), By Application (Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, Others), & By Region - Forecast and Analysis 2022-2028" by SkyQuest
Get Detailed Information Here: https://skyquestt.com/report/permanent-magnet-market
In 2021, the permanent magnet market was dominated by Asia-Pacific. It is also the market sector that is growing at the fastest due to the rising demand for permanent magnets from automotive, consumer electronics, and energy applications. China is the world's leading producer and consumer of these magnets due to the abundance of rare-earth minerals in this region. Due to the rapidly expanding need for consumer electronics including wearable technology, personal computers, medical equipment, and mobile phones, hard magnet demand is anticipated to rise in North America. The hard magnet market in Europe is expected to experience substantial growth due to the continuously increasing automotive industry. Additionally fueling the industry in Europe will be the rising demand for hybrid and electric vehicles, as well as government rules that encourage the usage of these vehicles over conventional automobiles.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Click Here to Download and Understand Latest Key Trends: https://skyquestt.com/sample-request/permanent-magnet-market
What does this Report Deliver?
Market Estimation for 20+ Countries
Permanent Magnet Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country-specific Permanent Magnet Market Trends
Comprehensive Mapping of Permanent Magnet Industry Parameters
Attractive Investment Proposition in the Global Permanent Magnet Industry
Competitive Strategies Adopted by Permanent Magnet Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Permanent Magnet Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Permanent Magnet market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Permanent Magnet Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/permanent-magnet-market
SkyQuest has segmented the Global Permanent Magnet Market based on Type, Application, and Region:
Global Permanent Magnet Market by Type (Revenue, USD Billion, 2021 - 2028)
Neodymium Iron Boron (NdFeB)
Ferrite
Samarium Cobalt (SmCo)
Aluminum Nickel Cobalt (Alnico)
Others
Global Permanent Magnet Market by Application(Revenue, USD Billion, 2021 - 2028)
Consumer Electronics
Automotive
General Industrial
Medical Devices
Energy
Others
Global Permanent Magnet Market By Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA
Key Players in the Global Permanent Magnet Market
Hitachi Metals, Ltd. (Tokyo, Japan)
Adams Magnetic Products Co., Inc. (Elmhurst, US)
Shin-Etsu Chemical Co., Ltd. (Tokyo, Japan)
Arnold Magnetic Technologies Corp. (New York, US)
Daido Steel Co., Ltd. (Aichi, Japan)
TDK Corporation (Tokyo, Japan)
Electron Energy Corporation (New Jersey, US)
Hangzhou Permanent Magnet Group (Duisburg, Germany)
Anhui Earth-Panda Advance Magnetic Material Co., Ltd. (Anhui, China)
Tengam Engineering, Inc. (Michigan, US)
Bunting Magnetics Co. (Kansas, US)
Alpha Magnet (California, US)
Tridus Magnetics and Assemblies (California, US)
Ningbo Yunsheng Co. Ltd. (Zhejiang, China)
Magnequench International, LLC, (Singapore)
Integrated Magnetics (Arizona, US)
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