Press release
Global Permanent Magnet Moving Coil Instrument Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The report " Permanent Magnet Moving Coil Instrument Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.The main objective of this report is to define, describe, and forecast the global “Permanent Magnet Moving Coil Instrument” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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A permanent magnet is an object or material that generates a magnetic field. The magnetic field generated from a permanent magnet is not visible to the naked eye; however, it is solely responsible for the unique property of a magnet that attracts on ferromagnetic metals such as nickel, cobalt, and iron. It either repels or attracts other magnets. A permanent magnet moving coil (PMMC) instrument are used for measuring direct current (DC) and for voltage measurements.
The permanent magnet moving coil instrument market can be segmented based on type, application, end-user, and region. Based on type, the permanent magnet moving coil instrument market can be classified into aluminum-nickel-cobalt (Alnicos), strontium-iron, neodymium-iron-boron, and samarium-cobalt. Based on application, the permanent magnet moving coil instrument can be segregated into ammeter, voltmeter, galvanometer, and ohm meter. In an ammeter, the PMMC instrument is utilized for all the electric current ranges, the coil is placed across a suitable low resistance. In a voltmeter, the PMMC instrument is placed in series with high resistance capacity. The function of voltmeter remains that same as the ammeter. In a galvanometer, the PMMC instrument is utilized to measure a small value of electric current, and particularly employed for comparison of different electric circuits in an electric system. In an ohm meter, the PMMC instrument is used to calculate the resistance of the electric circuit by applying electric voltage to a resistance. In terms of end-user, the permanent magnet moving coil instrument market can be segmented into automotive, power generation, electronics, and others.
A major driver of the permanent magnet moving coil instrument market is that it requires less power and offers high accuracy. It exhibits a high torque to weight ratio. It remains unaffected by stray magnetic field. The scale of permanent magnet moving coil instrument is uniformly bifurcated, and the current is directly proportional in comparison to the deflection of the pointer. It is convenient to measure the quantities of electric current from various electromagnetic instruments.
In terms of region, countries in Asia Pacific such as India, China, Japan, and Australia, witnessed an increase in demand for permanent magnet moving coil instruments. This is due to the rapid urbanization and expansion of the automotive sector. Demand for PMMC instrument in North America is expected to be below average due to the unavailability of rare earth elements and the ban on import of rare earth elements from China. In Europe, countries such as Germany, Italy, France, and the U.K. are expected to witness a rise in demand for permanent magnet moving coil instruments. Countries in Latin America such as Brazil and Mexico are anticipated to witness an increase in demand for permanent magnet moving coil instruments due to raid urbanization in these countries. Africa is also likely to witness a rise in demand for permanent magnet moving coil instruments in the near future.
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Key players operating in the permanent magnet moving coil instrument market are Dexter Magnetic Technologies, OM Group, Adams Magnetic Products Co., Hitachi Metals Ltd., Electron Energy Corporation, Molycorp Inc., Arnold Magnetic Technologies, and Lynas Corporation Ltd.
The report offers a comprehensive evaluation of the market. It does so via 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. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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