Global Permanent Magnets Market Overview
The Global Permanent Magnets Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends. Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.
Market Size – USD 18.92 Billion in 2018, Market Growth - CAGR of 8.6%, Market Trends –Increasing use of permanent magnets in consumer electronics.
Check out the Sample Report here: https://www.reportsanddata.com/sample-enquiry-form/1302
The property of permanent magnets to retain its magnetic property makes it applicable for use in a wide range of industries. Increase in renewable energy is also fueling the growth of the market. Utilization of permanent magnets in wind turbines and solar photovoltaics and increasing production of hybrid and electric vehicles are some of the drivers propelling the growth of the market. Application of permanent magnets in sensors, switches, auto-clutch, and electric power steering are other factors boosting the market growth.
The electronics industry and changing lifestyle are other factors that will propel the market. With an increase in demand for consumer electronics permanent magnets also witness a rise in demand. Changing prices of raw materials and the hazards associated with rare earth metal mining is expected to limit the growth of the market.
The Permanent Magnets market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.
The market for Permanent Magnets is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.
Leading Players in the Permanent Magnets Market: Adams Magnetic Products Co., Anhui Earth-Panda Advance Magnetic Material Co. Ltd., Arnold Magnetic Technologies, Daido Steel Co. Ltd., Eclipse Magnetics Ltd., Electron Energy Corporation, Goudsmit Magnetics Group, Hangzhou Permanent Magnet Group, Hitachi Metals Ltd., Molycorp Magnequench, TDK Corporation, and Thomas & Skinner Inc., among others.
Competitive landscape
The Permanent Magnets Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share. The vendors engaged in the sector are outlined based on price, quality, brand, product differentiation, and product portfolio. The vendors are gradually expanding their focus on product personalization by way of customer interaction.
Permanent Magnets Market segment by Regions/Countries: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.
Go For Interesting Discount Here: https://www.reportsanddata.com/discount-enquiry-form/1302
Material Outlook (Revenue, USD Billion; 2018-2026)
- Neodymium Iron Boron Magnets
- Ferrite Magnets
- Samarium Cobalt Magnets
- Alnico Magnets
- Other Magnets
End Users Outlook (Revenue, USD Billion; 2018-2026)
- Consumer Electronics
- Automotive
- Environment & Energy
- General Industrial
- Medical Technology
- Aerospace & Defense
- Others
Sales Channel Outlook (Revenue, USD Billion; 2018-2026)
- Direct Sales
- Distributor
Applications Outlook (Revenue, USD Billion; 2018-2026)
- Hybrid & Electric vehicles
- Wind Turbines
- Electric Bicycle
- Industrial Motors
- Energy Storage System
- Magnetic Refrigeration
- Magnetic Levitation Transport
- Others Applications
Points Covered in The Report:
A. The pivotal aspects considered in the Global Permanent Magnets Market report consist of the leading competitors functioning in the global sector.
B. The report also encompasses company profiles prominently positioned in the global market.
C. The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.
D. The driving factors for the growth of the Global Permanent Magnets Market are explained exhaustively, along with an in-depth account of the end-users in the industry.
E. The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.
F. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of the industry experts and professionals. The experts also evaluate the export/import policies that might be propelling the growth of the Global Permanent Magnets Market.
G. The report on the Global Permanent Magnets Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Reasons for Buying Permanent Magnets Market Report:
A. The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global sector.
B. It also presents an in-depth view of the different factors driving or restraining the growth of the global market.
C. The Global Permanent Magnets Market report provides an eight-year forecast derived on the basis of the potential growth of the market.
D. It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and sub-segments.
Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.reportsanddata.com/report-detail/permanent-magnets-market
Thanks for reading this article; you can also customize this report to get select chapters or region-wise coverage with regions like Asia, United States, Europe, etc.
About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
News: www.reportsanddata.com/market-news
No comments:
Post a Comment