Permanent Magnet Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2025 Market Research Engine has published a new report titled as “Permanent Magnet Market by End-Use Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy), Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), and Geography - Global Forecast to 2020-2025 - Executive Data Report.”
A permanent magnet is an entity which is designed by ferromagnetic material, which uses a strong magnetic field to magnetize. Permanent magnet retains its magnetic properties in absence of an inducing field or current. High-quality permanent magnet forms a high magnetic field with low mass and stable against the influences which would demagnetize it. Growing adoption of permanent magnet for manufacturing high-performance products such as radar arrays, door actuators, fluid flow meters, and braking systems in aircraft is anticipated to drive growth of the global market over the estimate period. In addition, increasing preference towards magnetic systems for manufacturing products in space application such as in jets and military helicopters is another important factor projected to fuel growth of the target market. Furthermore, technological advancements in product manufacturing process with cost-effective methods such as hydrogen decrepitation and powder method and increasing adoption of permanent magnet in medical imaging devices are expected to support development of this market in the near future. Browse Full Report: https://www.marketresearchengine.com/permanent-magnetmarket
On the basis of End-Use Industry, the global Permanent Magnet market is segregated as Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy. Global Permanent Magnet market is segmented based on the Type as, Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet. Global Permanent Magnet market is segmented based on the Component as Wires, Connectors. Global Permanent Magnet market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Permanent Magnet market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others. Research Methodology: To calculate the market size, the report considers the revenue generated from the sales of Permanent Magnet market manufacturers. The revenue generated from the sales of Permanent Magnet manufacturer has been calculated through primary and secondary research. The market size estimation also considered leading players revenues as part of triangulation the key players considered are Hitachi Metals, Ltd. (Japan), Daido Steel Co., Ltd. (Japan), TDK Corporation (Japan), Shin-etsu Chemical Co., Ltd. (Japan), Arnold Magnetic Technologies (U.S.), Lynas Corporation Ltd. (Australia), Electron Energy Corporation (U.S.), Tengam Engineering, Inc. (U.S.), Adams Magnetic Products Co., Inc. (U.S.), Bunting Magnetics Co.