Press release
Permanent Magnet Market to grow at over 10% CAGR up to 2024
Shifting consumer focus towards the renewable energy sources, mainly wind energy will stimulate permanent magnet market share over the coming seven years.
Request for a sample pages from this research@
www.gminsights.com/request-sample/detail/1113
Application Based analysis:
Energy generation, electronics, automotive are some of the prominent application areas of the permanent magnet market. Energy generation is likely to be a major application driven by a mushrooming wind energy demand in the power sector. This segment is estimated to grow at over 10% CAGR to reach a revenue of USD 6.5 billion by the end of the forecast period.
The automotive application will become a lucrative segment over the coming years, owing to the extensive usage of magnet for various motor accessories such as alternators, actuators, speakers, sensors, and meters. In addition, increasing demand for commercial vehicles and cars will fuel the global permanent magnet industry share considerably.
Product Based Analysis:
Based on the product, permanent magnet market is mainly segmented into Aluminum–Nickel–Cobalt (AlNiCo), Ferrite, Samarium–Cobalt (SmCo), and Neodymium (NdFeB). Neodymium (NdFeB) based permanent magnet industry surpassed a revenue of USD 14 billion in 2015 and will exhibit a lucrative growth rate of over 10% over the coming seven years, owing to the capability of the NdFeB based magnet to generate products with good aesthetic features and light weight.
Browse Full Report Summery@
https://www.gminsights.com/industry-analysis/permanent-magnet-market
Regional Based Analysis:
Considering the regional landscape, North America permanent magnet market collected a revenue about USD 4 billion in 2015 and is anticipated grow at a rate of 9% over the coming years of 2016 to 2024. U.S. automotive sector and wind energy projects will augment the regional industry growth significantly.
U.S. also recorded a cumulative wind energy installation capacity close to 75 GW by 2015 and is expected to grow substantially in the upcoming years.
Asia Pacific permanent magnet industry size worth over USD 10 billion in 2015, is projected to grow noticeably over the coming timeframe, owing to its surging demand from electronic, wind energy and automobile sectors pertaining to the high growing production capability. India and China will be the major revenue pockets of the regional permanent magnet market.
Make an Inquiry for Purchasing this report@
www.gminsights.com/inquiry-before-buying/1113
Conmanies Operationg In this Industry Are:
The market players will invest heavily in R&D programs to gain more revenue over the coming years. Mergers & acquisitions will be the major business strategy adopted by the industry participants. Adams Magnetic Products Co., Inc., Hitachi Metals, Ltd., Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corporation, Electron Energy Corporation, TDK Corporation, Molycorp Magnequench, and Anhui Earth-Panda Advance Magnetic Material Co. Ltd. are some of the notable industry players in the permanent magnet market.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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 to grow at over 10% CAGR up to 2024 here
News-ID: 644346 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for 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…
What does the magnet N35 mean? How many Gauss of N35 magnet?
What does magnet N35 [https://www.magnet-supplier.com/] mean? N35 is a brand of NdFeB magnet. N refers to NdFeB; N35 N38 N40 N42 N45 N48, etc. It is arranged in this way. The higher the brand, the stronger the magnetism, the more expensive the price is.At present, the most commonly used model is N35, which represents the maximum magnetic energy product.
The maximum magnetic energy product of N35 NdFeB material is about 35…
