Permanent Magnet Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1496 | Report Format : | Status : Upcoming |

Abstract

Global Permanent Magnet Market: Overview

The property of permanent magnet to retain its magnetic property is widely used in several industries unless it is heated beyond its curie temperature. They are manufactured from magnetized materials that have their own magnetic property regardless of the non-existence of an external electric field such as cobalt, nickel, and iron. The permanent magnet finds a wide range of applications in the medical devices, automobiles, household equipment, electronic, and others. Some of the examples of permanent magnets that are used in the industries are samarium cobalt, ferrite, neodymium-iron-boron, and alnico.

Global Permanent Magnet Market: Segmentation

The permanent magnet market is globally segmented into its type, end-use industry, and regions. On the basis of type, the global market is segregated into neodymium iron boron magnet, samarium cobalt magnet, ferrite magnet, alnico magnet, and others. Based on the end-use industry the market is categorized into general industrial, medical technology, aerospace & defense, consumer electronics, automotive, environment & energy, and others. Region-wise, the global permanent magnet market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.

Global Permanent Magnet Market: Growth Factors

Wind energy has emerged as the most dependable renewable energy source owing to the depleting natural energy resources and increasing population. This factor is positively affecting the global market for permanent magnet growth. The permanent magnet is used in the manufacturing of turbines, generators (PMG), and full-power converters. Other important factor that favors the growth of the permanent magnet market is the development of the automotive industry, owing to rising disposable income among the developing economies and the rapid urbanization. The automobile industry uses permanent magnets to make gearbox, motors, and pollution control equipment. The prospering electronic industry and the changing lifestyle are other factors that are anticipating the demand for permanent magnets in the near future. However, volatile prices of raw materials and the hazards that are involved with rare earth metal mining expect to obstruct the global permanent magnet market.

Global Permanent Magnet Market: Regional Analysis

Asia Pacific is the most dominant region in the permanent magnet market. The demand for permanent magnet is primarily driven by the emerging country China, which is the major manufacturing hub for multiple industries such as automotive and electronics. Other emerging economy in Asia Pacific region is India in which there is a major population that are focusing on the wind power, which will increase the demand for permanent magnet in Asia Pacific region. European and North American region will have moderate market growth owing to the lack of manufacturing industries. There are restrictions such as ban on exported products from China that are produced by the rare earth elements, which negatively impacts the growth of the permanent magnet market.

Global Permanent Magnet Market: Competitive Players

Some of the key market players that are involved in the permanent magnet market are Hangzhou Group, Adams Magnetic Products, Electron Energy Corp., Hitachi Metals, TDK Corporation, and Arnold Magnetic Technologies.

Global Permanent Magnet Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

District Heating Market by Heat Source (Renewable and Non-Renewable), by Plant Type (Boiler Plant and CHP), and by Application (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3924 | Report Format:

The report covers a forecast and an analysis of the district heating market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the district ...Read More

Metal Structural Insulation Panels Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3897 | Report Format:

Global Metal Structural Insulation Panels Market: Overview The steel-based metal structural insulation panels are generally installed in commercial buildings and factories to reduce energy cost and improve energy efficiency. The demand and popularity of the metal structural insulation panels mar...Read More

Power Optimizer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3896 | Report Format:

Global Power Optimizer Market: Overview In the last few years, power optimizers have emerged to be among the core components for the contemporary solar power plants. Operational and regulatory re-structuring across renowned power markets, fuelled by rapid technological advancements related to pr...Read More

Underground Cabling EPC Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Feb-2019 | Price : $ 3999.00 | Report Code: ZMR-3858 | Report Format:

Global Underground Cabling EPC Market: Overview Underground cables are cables which are buried under the ground for electricity supply. They act as a substitute for the traditional overhead cables and are installed several meters above the ground. Underground cables are often used to replace the...Read More

Stationary Battery Storage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Feb-2019 | Price : $ 3999.00 | Report Code: ZMR-3857 | Report Format:

Global Stationary Battery Storage Market: Overview Stationary battery storage systems serve as a crucial tool for enabling the effective integration of renewable energy. It provides widespread power range and finds applications across numerous networks requiring standby or emergency electricity ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.