Permanent Magnets Market Price, Trends, Growth, Analysis, Report & Forecast 2019-2024

According to a new report by Expert Market Research, the global permanent magnets market reached a consumption value of US$ 19,198 Million in 2018 and is further expected to reach US$ 26,369 Million by 2024. 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.

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Competitive Landscape & Supplier Analysis:

1. Advanced Technology & Materials Co., Ltd (SHE: 000969) 2. Beijing Zhong Ke San Huan Hi-Tech Co Ltd (SHE: 000970) 3. BGRIMM Magnetic Materials & Technology Co., Ltd 4. Adams Magnetic Products Corporation. 5. Arnold Magnetic Technologies Corporation. 6. Bunting Magnetics Corporation. 7. Jiashan Pengcheng Magnets Co., Ltd. 8. Hitachi Metals America Ltd. (HMTLY:OTC) 9. Magnetics, Inc.. 10. Master Magnetics, Inc

Permanent magnets are the basis of an increasing number of devices of modern life. They are found in or used in making almost every modern convenience today, from air-conditioners and washing machines to speakers in mobile phones and electric motors in hybrid cars. Their ability to maintain a large magnetic flux, even in the absence of an applied magnetizing field, or upon modifications of the environment (temperature, demagnetizing field, etc.) is a unique feature that can be employed in a wide variety of applications. During 2014-2018, the global permanent magnets market grew at a CAGR of around 6.6% in terms of value. The market is currently being driven by an increasing focus on reducing carbon footprints, advancements in information and communication technology, increasing demand for home appliances using permanent magnets, wider usage of permanent magnets in medical devices and increasing infrastructural developments. This report by Expert Market Research, entitled “Permanent Magnets Market Report and Forecast 2019-2024”, provides a comprehensive analysis for anyone who plans to foray into the permanent magnets market.

Read full report summary with Table of Content – https://www.expertmarketresearch.com/reports/permanent-magnets-market

Historical market trends for the permanent magnets industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global permanent magnets market into the following regions – China, Japan, USA, Europe and others. China represented the biggest consumer and producer of all types of permanent magnets in 2018, accounting for majority of the total global permanent magnet volumes. On the basis of product type, the global permanent magnets market has been segmented as ferrite, neodymium iron boron, aluminium nickel cobalt and samarium cobalt. For each of the magnet types, the report has provided both historical and future market trends, market breakup by region and end-use. Additionally, the report has analysed the global permanent magnets market on the basis of end-use. Applications in motors represented the biggest market.

Chapter1    Preface  1.1    Research Methodology and Market Definitions 1.2    Introduction 1.3    Report Summary Chapter2    Global Permanent Magnet Market: Industry Overview     2.1    Key Factors Driving the Permanent Magnet Industry 2.2    Market Trends 2.3    Market Breakup by Region 2.3.1    China 2.3.2    Japan 2.3.3    USA 2.3.4    Europe 2.3.5    Others 2.4    Market Breakup by Type 2.4.1    Ferrite 2.4.2    Neodymium Iron Boron 2.4.3    Aluminum Nickel Cobalt 2.4.4    Samarium Cobalt 2.5    SWOT Analysis 2.5.1     Strengths 2.5.2     Weaknesses 2.5.3     Opportunities 2.5.4     Threats 2.6    Market Breakup by End-Use 2.6.1    Computer Hard Disk Drives (HDD), CD, DVD 2.6.2    Hybrid Electric Vehicles 2.6.3    Electric Bicycles 2.6.4    Heating, Ventilating and Air Conditioners (HVAC) 2.7.5    Wind Turbines 2.8.6    Other Applications 2.7   Value Chain Analysis 2.8    Imports and Exports 2.9    Market Outlook Chapter3    Porters Five Forces Analysis     3.1    Bargaining Power of Suppliers 3.2    Bargaining Power of Buyers 3.3    Threat of New Entrants 3.4    Threat of Substitutes 3.5    Degree of Competition

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