The Permanent Magnet market Size, Growth, Price Analysis, Share to 2026 | Global Research Report by Fortune Business Insights™

 

 

The Permanent Magnet Market growth will Exhibit a CAGR 8.7% by 2026 and reach USD 34.70 billion by 2026. The forecast period is set from 2020-2026”, the market value stood as per 2018 was USD 17.85 Billion.

Fortune Business Insights™ published a premium research report titled, “Permanent Magnet Market Size, Share & Industry Analysis, By Type (Neodymium Iron Boron (NdFeB), Ferrite, Samarium Cobalt (SmCo), Aluminum Nickel Cobalt (Alnico), and Others), By Application (Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, and Others), and Regional Forecast, 2019-2026,” ,” offers a comprehensive overview of the market.

The Permanent Magnet Market Drivers and Restraints :

Various factors are responsible for the permanent magnet market growth. These include the increasing demand for various electronic devices such as television, laptops, music systems, and smartphones, coupled with the rise in need for more energy for consumption. This, coupled with the growing demand from the automotive sector will also aid in the expansion of the market in the forecast period. Besides this, the advancement in technology and use of neodymium iron boron (NdFeB) for various applications such as domestic appliances and wind turbines, and other electronic equipment such as speakers are likely to bode well for the market in the coming years.

 

List of Permanent Magnet Market Manufacturers include:

 

·         Adams Magnetic Products Co., Inc.

·         Arnold Magnetic Technologies Corp.

·         TDK Corporation

·         Tengam Engineering, Inc.

·         Alpha Magnet

·         Electron Energy Corporation

·         Ningbo Yunsheng Co. Ltd.

·         Integrated Magnetics

·         Magnequench International, LLC,

·         Tridus Magnetics and Assemblies

·         Bunting Magnetics Co.

·         Anhui Earth-Panda Advance Magnetic Material Co., Ltd.

·         Hangzhou Permanent Magnet Group

·         Daido Steel Co., Ltd.

·         Shin-etsu Chemical Co., Ltd.

·         Hitachi Metals, Ltd.

·         Other Players

 

 

 

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/permanent-magnet-market-102776

 

 

 

Some of the key industry developments in the Permanent Magnet Market Include:

 

 April 2019 – Bunting Magnetics introduced ElectroMax Overband Magnet at Bauma. The company aims at adhering to the needs of customers such as more compact, smaller electro overband, and lighter magnets.

 

MAY 2018 – Santoku Corporation, the rare earth metal producer was acquired by Hitachi Metals Ltd., for the production of a wholly-owned subsidiary.