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Permanent Magnet Market Share

  • Report ID: GMI1113
  • Published Date: Jul 2022
  • Report Format: PDF
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Permanent Magnet Market Share

Some of the key permanent magnet industry participants include

  • Advance Magnetic Material
  • Anhui Earth-Panda
  • Molycorp Magnequench
  • Hangzhou Permanent Magnet Group
  • TDK Corporation
  • Electron Energy Corporation
  • Arnold Magnetic Technologies
  • Hitachi Metals
  • Adams Magnetic Products

These players are incorporating strategies such as product modifications, business expansions, and innovative product developments to gain a competitive edge over rivals across the global market.

For instance, in July 2022, Goudsmit Magnetics modified the design of the palletizing magnet. This magnet is suitable for palletizing and depalletizing cans, canisters, aerosols, and glass jars with steel lids, ensuring safety and durability with long service life.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market for permanent magnet is slated to surpass USD 51,008 million by 2030 and is anticipated to depict a CAGR of 7.4% from 2022 to 2030.

The Permanent magnet industry from the ferrite product segment is set to register revenue worth USD 8.6 billion by 2030, considering its cost-effectiveness, simple manufacturing procedures, and low risks of corrosion.

The permanent magnet market from the electronics application segment is poised to depict a CAGR of 7.2% through 2030, driven by the increasing research activities on recycling permanent magnets from consumer electronics.

The European market for permanent magnet is expected to record revenue of around USD 6.5 billion by 2030, given the mounting sales of plug-in electric cars.

Some of the key players partaking in the Permanent magnet business share include Advance Magnetic Material, Anhui Earth-Panda, Molycorp Magnequench, Hangzhou Permanent magnet Group, TDK Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, and others.

Permanent Magnet Market Scope

  • Permanent Magnet Market Size
  • Permanent Magnet Market Analysis
  • Permanent Magnet Market Share

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    Premium Report Details

    • Base Year: 2021
    • Companies covered: 14
    • Tables & Figures: 172
    • Countries covered: 17
    • Pages: 200
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