Permanent Magnet Market Research Report

 

The GMI Research expects the permanent magnet market to expand at a higher rate. From a regional perspective, the Asia-Pacific is expected to lead the market due to the growing per capita disposable incomes, followed by the strong demand for consumer electronic products, such as tablets, smart home appliances, computers, mobile phones, and other devices.

Request for a FREE Sample Report on Permanent Magnet Market

Permanent Magnet Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The global permanent magnet market is predicted to witness an upsurge in demand during the forecast period due to the high demand for permanent magnets in a large range of sectors, such as general industrial, environment & energy, automotive, aerospace & defense, medical technology, consumer electronics, and among other sectors. The high demand for the permanent magnet in the consumer electronic sector due to its beneficial features, like repulsion, high magnetic stability, inexpensiveness, lightweight, and other features, will further bolster the market growth. The increasing global consumer electronics sector, along with the usage of permanent magnets in several devices that include computers, laptops, televisions, music systems, and others, are some other factors propelling the growth of the permanent magnet market size in the upcoming years.

The growing disposable income levels, the rising industries, and rapid economic development are the factors contributing to the growth of the global permanent magnet market. There is a high demand for permanent magnets for the manufacturing of automotive vehicles, medical devices, aerospace vehicles, and wind generators where high-performance in extreme conditions. The usage of permanent magnets in electric batteries, motor, and internal combustion engines in the production of hybrid electric vehicles, coupled with the fundamental shift in the government towards the adoption of energy-efficient vehicles, is expected to bring various lucrative opportunities to the market. On the other hand, the factor hindering the growth of the permanent magnet market during the forecast period includes the high raw material costs for rare earth magnets.

Permanent Magnet Market’s leading Manufacturers:

·        Hitachi Metals, Ltd.

·        Lynas Corporation Ltd.

·        Arnold Magnetic Technologies

·        TDK Corporation

·        Shin-etsu Chemical Co., Ltd.

·        Electron Energy Corporation

·        Bunting Magnetics Co.

·        Daido Steel Co., Ltd.

·        Tengam Engineering, Inc.

·        Adams Magnetic Products Co., Inc.

Permanent Magnet Market Segmentation:

Segmentation by Type:

·        Neodymium Iron Boron Magnet

·        Ferrite Magnet

·        Samarium Cobalt Magnet

·        Alnico Magnet

·        Others

Segmentation by End-Use Industry:

·        Consumer Electronics

·        General Industrial

·        Automotive

·        Medical Technology

·        Environment & Energy

·        Aerospace & Defence

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more