openPR Logo
Press release

Permanent Magnet Market is Driven by Growing Demand for Consumer Electronics and Increasing Demand for Wind Turbines

09-12-2023 03:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Permanent Magnet Market is Driven by Growing Demand for Consumer

A permanent magnet is a magnet that maintains its magnetic properties for a long period of time. This is in contrast to an electromagnet, which only maintains its magnetic properties while an electric current is flowing through it. Permanent magnets are made from materials that are naturally magnetic, or from alloys that are magnetized.

Get a Sample Report "Permanent Magnet Market" to 2031 at- https://www.globalinsightservices.com/request-sample/GIS20174

Key Trends

Permanent magnet technology is constantly evolving and the key trends are miniaturization, higher energy density, and improved reliability.

Miniaturization: As electronic devices continue to shrink in size, so do the magnets used in them. This trend is driven by the need for smaller, lighter, and more compact devices. Magnets are being made smaller and more powerful, while still maintaining their magnetic properties.

Higher energy density: Permanent magnets are made from materials that have a high magnetic strength, or energy density. This allows them to store more energy in a smaller space. This is important for applications where weight and space are limited, such as in electric vehicles and wind turbines.

Improved reliability: Permanent magnets are used in a variety of critical applications, such as in medical devices and in the power grid. They must be reliable and able to withstand extreme conditions. Manufacturers are constantly working to improve the reliability of permanent magnets.

Know More: https://www.globalinsightservices.com/reports/permanent-magnet-market/

Key Drivers

The major factor driving the growth of the permanent magnet market is the increasing demand for electric vehicles. The demand for electric vehicles is expected to grow at a rapid pace due to the increasing environmental concerns and the need to reduce dependence on fossil fuels. The other factors driving the growth of the permanent magnet market include the increasing demand for wind turbines and the growing demand for consumer electronics.

Key Players

Adams Magnetic Products Co.(US)
Earth-Panda Advance Magnetic Material Co., Ltd.(CH)
Arnold Magnetic Technologies(US)
Daido Steel Co., Ltd.(JP)
Eclipse Magnetics Ltd.(US)
Electron Energy Corp.(US)
Goudsmit Magnetics Group(NL)
Hangzhou Permanent Magnet Group(CH)
Magnequench International, LLC(US)
NeoMagnetics(CH)

Buy this Market Research Report - https://www.globalinsightservices.com/checkout/single_user/GIS20174

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Permanent Magnet Market is Driven by Growing Demand for Consumer Electronics and Increasing Demand for Wind Turbines here

News-ID: 3205495 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Magnet

Permanent Magnet Ferrite Magnet Market: Manufacturer Capacity, Output, Sales, Co …
On Sep 30, Global Info Research released "Global Permanent Magnet Ferrite Magnet Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Permanent Magnet Ferrite Magnet industry chain, the market status of Permanent Magnet Ferrite Magnet Market, and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Permanent Magnet
NdFeB Market Size, Share & Analysis 2025 | Neodymium Magnet, Rare-Earth Magnet I …
Global NdFeB (Neodymium Iron Boron) Magnets Market reached US$ 14.0 billion in 2022 and is expected to reach US$ 23.7 billion by 2031, growing with a CAGR of 6.9% during the forecast period 2024-2031. NdFeB Magnets Market Industry Outlook - Strategic Insights for 2025 NdFeB Magnets Market is witnessing transformative growth in 2025, driven by evolving consumer demand, technology disruption, and sustainability trends. The newly released market research report by DataM Intelligence
Global Magnet Assemblies & Magnet Market Size by Application, Type, and Geograph …
USA, New Jersey- According to Market Research Intellect, the global Magnet Assemblies & Magnet market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The magnet assemblies and magnet market is experiencing steady growth due to rising demand across industries such as automotive, electronics, renewable energy, and
Why is QCM Shuttering Magnet the best choice for precast concrete magnet?
What are the advantages of QCM Shuttering Magnet? .Magnet Magnet is the core raw material of shuttering magnet, for precast magnet its main two properties are crucial. 1, the residual magnetism Br: the magnetization of ferromagnetic materials to remove the magnetic field, the magnetization of the magnetized ferromagnet on the remaining magnetization strength, which directly affects the shuttering magnet [https://www.pcshutteringmagnet.com/precast-concrete-magnets/] suction, the higher the magnet performance Br the greater. 2, endowed coercivity Hcj: endowed
Why are permanent magnet motors permanent magnet motors more efficient?
The permanent magnet synchronous motor [https://www.cndfdmotor.com/ty2-series-high-efficiency-permanent-magnet-synchronous-motor/] is mainly composed of a stator, a rotor and a housing. Like ordinary AC motors, the stator core is a laminated structure to reduce iron loss due to eddy current and hysteresis effects during motor operation; the winding is usually a three-phase symmetrical structure, but the parameter selection is quite different. The rotor part has various forms, including permanent magnet rotors with starting squirrel
Magnet Wire Market Report 2024 - Magnet Wire Market Trends, Share, And Forecast
"The Business Research Company recently released a comprehensive report on the Global Magnet Wire Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample