Press release
Permanent Magnet Global Market Report 2024 To 2033 | Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi Ltd., Asea Brown Boveri, Robert Bosch GmbH
Permanent Magnet Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5645&type=smp
According to The Business Research Company's, The permanent magnet market size has grown rapidly in recent years. It will grow from $33.91 billion in 2023 to $38.31 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to electronics and it industry growth, rise in demand from consumer electronics, government policies and regulations, industrial automation, focus on clean energy initiatives.
The permanent magnet market size is expected to see rapid growth in the next few years. It will grow to $60.08 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to electric vehicle market expansion, increasing demand for smart devices, expansion of industrial robotics, growing demand for permanent magnet generators, increasing focus towards wind energy. Major trends in the forecast period include magnetic levitation technology, development of rare earth-free magnets, miniaturization of electronic devices, customization and design flexibility, magnetic refrigeration.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/permanent-magnet-global-market-report
Market Drivers and Trends:
The increasing demand for automobile applications is expected to propel the growth of the permanent magnet market. Permanent-magnet motors are most commonly used in variable-speed drives, in which the stator is powered by a variable-frequency, variable-voltage, electronically controlled source. For instance, in December 2021, in India, the total number of electric vehicle sales was reported to be 50,866 units resulting in a 240% jump from the previous year. Moreover, in 2021, Norway, recorded a sale of 176,276 cars with 65% electric cars resulting in a 54% rise. Therefore, the increasing demand for automobile applications is driving the growth of the permanent magnet market.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi Ltd., Asea Brown Boveri, Robert Bosch GmbH, Meidensha Corp., Continental AG, Alstom SA, Broad-Ocean Motor Co. Ltd., Xizi Forvorda ELECTRICAL MACHINERY CO. LTD., DRS Technologies Pvt. Ltd., Emerson Electric Co., Johnson Electric Holdings Limited, Leonardo DRS, Nidec Motor Corporation, Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corp., Tokyo Denki Kagaku Kōgyō, Shin-Etsu Chemical Co. Ltd., Electron Energy Corporation, Adams Magnetic Products Co. Inc., Bunting Magnetics Co., Tengam Engineering Inc., Yantai Shougang Magnetic Materials Inc., Chengdu Galaxy Magnets Co. Ltd., Goudsmit Magnetics Ltd., Eclipse Magnetics Ltd., MagnaWorks Technology Inc., Dura Magnetics Inc., Daido Steel Co. Ltd., Hengdian Group DMEGC Magnetics Co. Ltd., Ningbo Vastsky Magnet Co. Ltd.
Permanent Magnet Market 2024 Key Insights:
• The permanent magnet market size is expected to see rapid growth in the next few years. It will grow to $60.08 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
• Rising Demand For Permanent Magnets In The Automotive Industry Fuels The Market
• Revolutionizing Charging Solutions Through The Rise Of Technological Transitions In The Permanent Magnet Market
• Asia-Pacific was the largest region in the permanent magnet market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5645&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Market Report 2024 To 2033 | Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi Ltd., Asea Brown Boveri, Robert Bosch GmbH here
News-ID: 3758811 • Views: …
More Releases from The Business Research Company
Emerging Trends to Reshape the Global Fitness App Market: Revolutionizing Person …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fitness App Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scale of the fitness app market has seen significant expansion in the past few years. It's projected to accelerate from a value of $14.66 billion in 2024 to a staggering $17.71 billion in 2025,…
2025-2034 Enterprise Quantum Computing Market Evolution: Disruptions, Innovation …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Enterprise Quantum Computing Market Through 2025?
The market size of enterprise quantum computing has seen rapid expansion in the past few years. It is projected to escalate from $3.76 billion in 2024 to an impressive $4.78 billion in 2025, exhibiting a compound…
Global Emotion Detection And Recognition Market Projected to Grow at 16.1% CAGR, …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Emotion Detection And Recognition Industry Market Size Be by 2025?
The market size of emotion detection and recognition has seen a swift growth in the recent years. It is projected to expand from $27.64 billion in 2024 to $31.19 billion in 2025, with a Compound Annual…
Global Digital Transformation Industry Outlook 2025-2029: Market Set to Cross $4 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Digital Transformation Market Size By 2025?
The rapid expansion of the digital transformation market in recent years has been notable. The market, which was valued at $1755.44 billion in 2024, is set to climb to a staggering $2105.59 billion in 2025, reflecting a compound annual…
More Releases for Magnet
Permanent Magnet Ferrite Magnet Market: Manufacturer Capacity, Output, Sales, Co …
On Sep 30, Global Info Research released "Global Permanent Magnet Ferrite Magnet Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Permanent Magnet Ferrite Magnet industry chain, the market status of Permanent Magnet Ferrite Magnet Market, and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Permanent Magnet…
NdFeB Market Size, Share & Analysis 2025 | Neodymium Magnet, Rare-Earth Magnet I …
Global NdFeB (Neodymium Iron Boron) Magnets Market reached US$ 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…
