Press release
Global Permanent Magnets Market Share, Size, Trends And Growth Rate From 2017 To 2022
Request sample report @ http://www.expertmarketresearch.com/request?type=report&id=73&flag=B
Moreover, as compared to other energy storage devices, permanent magnet does not perform any network on its surroundings due to which its performance is not affected by repeated usage. Owing to the aforementioned characteristics, it finds numerous applications across various industries.
According to a new report by Expert Market Research, the global permanent magnets market reached a consumption value of US$ 16,808 Million in 2016 and is further expected to reach US$ 23,979 Million by 2022. Over the past several years, the demand for permanent magnets has accelerated as usage of energy-efficient technology and devices has been on a rise. Some of the other factors that have further added to the market growth include its expanding applications, focus on reduction of carbon footprint, advancements in information and communication technology and infrastructural developments in emerging markets.
Key findings from the report:
Various types of permanent magnets are Ferrite, Neodymium Iron Boron, Aluminium Nickel Cobalt and Samarium Cobalt.
The end-uses of permanent magnets include Data Storage Devices (HDD, CD, DVD), Hybrid Electric Vehicles, Electric Bicycles, Heating, Ventilating and Air Conditioners (HVAC), Wind Turbines and Others. In 2016, Data Storage Devices represented the largest end-use segment with the majority of the market share.
Region-wise, China dominated the market with a share of more than two-third of the total global production in 2016. It was followed by Japan, United States and Europe and Others.
Being fragmented in nature, the global permanent magnets market is surrounded by a number of players, namely, Advanced Technology & Materials Co. Ltd, Beijing Zhong Ke San Huan High-Tech Co. Ltd, BGRIMM Magnetic Materials & Technology Co. Ltd., Adams Magnetic Products Corporation, Arnold Magnetic Technologies Corporation, Bunting Magnetics Corporation, Jiashan Pengcheng Magnets Co. Ltd, Hitachi Metals America Ltd., Magnetics, Inc. and Master Magnetics, Inc.
Read full report with TOC @ http://www.expertmarketresearch.com/reports/permanent-magnets-market
Expert Market Research has analysed the global permanent magnets market according to type, end-use, major regions and top players:
Market breakup by Type
- Ferrite
- Neodymium Iron Boron
- Aluminium Nickel Cobalt
- Samarium Cobalt
Market breakup by End-use
- Data Storage Devices (HDD, CD and DVD)
- Hybrid Electric Vehicles
- Electric Bicycles
- Heating, Ventilating and Air Conditioners (HVAC)
- Wind Turbine
- Others
Market breakup by Region
- China
- Japan
- United States
- Europe
- Others
Top players
- Advanced Technology & Materials Co., Ltd
- Beijing Zhong Ke San Huan High-Tech Co., Ltd
- BGRIMM Magnetic Materials & Technology Co., Ltd.
- Adams Magnetic Products Corporation
- Arnold Magnetic Technologies Corporation
- Bunting Magnetics Corporation
- Jiashan Pengcheng Magnets Co., Ltd
- Hitachi Metals America Ltd.
- Magnetics, Inc.
- Master Magnetics, Inc.
Browse more reports on chemical & material research @ http://www.expertmarketresearch.com/categories/chemicals-market-reports
About Expert Market Research
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
Contact us
Expert Market Research
85 Broad St
New York, NY 10004
United States
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
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 Global Permanent Magnets Market Share, Size, Trends And Growth Rate From 2017 To 2022 here
News-ID: 560986 • Views: …
More Releases from Expert Market Research
AI in Mental Health Market to Reach USD 8.38B by 2035
How Is Artificial Intelligence Transforming Mental Healthcare?
The Artificial Intelligence in Mental Health Market is rapidly emerging as a transformative force in global healthcare, addressing long-standing challenges such as access, affordability, stigma, and workforce shortages. With more than 970 million people worldwide affected by mental health conditions, the need for scalable, personalized, and data-driven mental health solutions has never been more urgent.
The global artificial intelligence in mental health market was valued…
Brazil Clinical Microbiology Market USD 390.12M | 5.8% CAGR
Why is the Brazil Clinical Microbiology Market gaining strategic importance within Latin America's healthcare ecosystem?
Brazil has one of the largest and most complex healthcare systems in the region, with a growing focus on early disease detection, antimicrobial resistance monitoring, and laboratory automation. Clinical microbiology plays a critical role in identifying infectious diseases, guiding targeted therapies, and supporting public health surveillance.
The Brazil clinical microbiology market was valued at USD 390.12 Million…
Battery Recycling Market Size, Trends and Forecast 2026-2035
The battery recycling market is gaining steady traction as industries and governments focus more on resource efficiency, environmental compliance, and supply chain security for critical metals. With the rising use of lithium-ion, lead-acid, and nickel-based batteries across electric vehicles, consumer electronics, industrial equipment, and energy storage systems, recycling has moved from being a regulatory requirement to a strategic necessity. Battery recycling helps recover valuable materials like lithium, cobalt, nickel, and…
Biometrics Technology Market Size, Trends & Forecast 2026-2035
The biometrics technology market is witnessing robust growth and is expected to continue expanding at a significant pace. Valued at approximately USD 27.78 billion in 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 10.20% between 2026 and 2035. By 2035, the market is expected to reach USD 73.38 billion. This growth is driven by the increasing need for advanced security solutions, innovations in…
More Releases for Magnetic
Magnetic Sensor Market Magnetic Sensor Market Developments, Future Trends & Indu …
The Magnetic Sensor Market plays a crucial role in modern electronics, enabling precise detection, position tracking, and motion sensing across automotive, consumer electronics, industrial, and healthcare sectors. Magnetic sensors are integral to electric vehicles, robotics, smartphones, and renewable energy systems - all of which are key pillars of today's digital economy. As the market evolves, technological innovation, miniaturization, and integration with IoT and AI platforms are redefining competitive dynamics. Leading…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
A detailed report on Global Magnetic Materials providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Magnetic Materials , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production,…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
Coherent Market Insights, one of the leading market research firm has recently published a report.This report will provide data on the current and future trends of market, ongoing competition, key players share, market volume and value, etc. The key information covered in the report will help the existing as well as new entrants to get in-depth market knowledge and make appropriate business decisions for short term and long-term. The Magnetic…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
The Magnetic Materials report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Magnetic Materials during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping…
Alnico Market 2019 Global Trends, Sales Revenue, Key Players - Adams Magnetic Pr …
This study focuses on the production side and consumption side of Alnico, presents the global Alnico market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Alnico capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on…
Permanent Magnet Motor Market | Hitachi Metals Ltd., Adams Magnetic Products Co. …
Global Permanent Magnet Motor Market: Overview
The global market for permanent magnet motor has been growing at the back of the customised needs of various industrial units. Permanent magnet motors offer a wide range of advantages over other kinds of motors which has driven demand for the former across the globe. The permanent magnet motors are manufactured by creating a persistent magnetic field through a magnetized material, and these motors are…
