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Permanent Magnets Market to hit $36.44 Billion by 2025 - Global Analysis by Key Trends, Size, Share, Top [10] Brands and Financial Performance

AdroitMarketResearch.com has published the “Global Permanent Magnets Market 2018-2025” research report to its store. Need for energy efficient and sophisticated machines is driving the permanent magnets market demand in the energy generation segment, such as wind energy. Energy generation segment is projected to be the fastest growing segment by 2025.

Dallas, Texas, April 25, 2019 (GLOBE NEWSWIRE) -- The global permanent magnet market is rising with rapid growth over the forecast period reaching nearly USD 36.44 billion by 2025, on account of increasing demand from automotive and electronic industry owing to its smaller size and super strong magnetic property that helps it to fit in small spaces and reduce the size of the component.

The research report on ‘global permanent magnets market’, studies the current status and forecast of the market at local as well as global level, and classifies the global permanent magnets market based on market value and volume. The report also includes market segmentation by product, application, manufacturers, and geographical regions. The global permanent magnets market report focuses on the leading manufacturers in Europe, North America, India, China, Southeast Asia, Japan, and other regions.

Request a PDF sample of the global Permanent Magnet market research report @ https://www.adroitmarketresearch.com/contacts/request-sample/548

The global permanent magnets market report provides an estimation of the permanent magnets market comprising technologies, drivers, opportunities, restraints, value chain analysis, regulatory framework, Porters Five Forces analysis, and vendor landscape analysis.

Need for energy efficient and sophisticated machines is driving the demand of permanent magnets in the energy generation segment, such as wind energy. In terms of volume, the energy generation segment is projected to be the fastest growing application, rising at a CAGR of about 11.0% by 2025. Though processing and extraction of rare earth materials have gained speed in developing countries such as China and U.S., ore to mineral separation is still a costly process which needs a noteworthy investment.

The “Global Permanent Magnets Market Size 2017 By Product (Ferrite, Neo (NdFeB), SmCO, Alnico), By Application (Automotive, Electronics, Energy generation, Others), By Region (US, UK, Germany, India, Japan, and Rest of World) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates. Browse the full report @ https://www.adroitmarketresearch.com/industry-reports/permanent-magnets-market

Product wise, neodymium (NdFeB) type dominated the global permanent magnet industry with a major market revenue share of > 60% in the year 2018 and is expected to illustrate a similar development in the next six years. Furthermore, customization in terms of geometries and complex shapes to meet the end-user specifications is anticipated to be the key driver for this magnet type over the estimated period.

Global Permanent Magnets Industry to Attract Automotive Sector in 2019

  • Permanent magnets provide continuous motion hence can deliver surplus mechanical energy that can be used to drive an electric generator.
  • Automotive sector dominated the application of permanent magnets in the year 2018 with a market revenue share of more than 40%.
  • Actuators, motors, sensors to drive the application of permanent magnets in the automotive industry.

Based on the region, the global permanent magnet market is further divided into Europe, North America, Asia Pacific, and Rest of the World. Among these regions, Asia Pacific is the major market revenue generator and is also estimated to be the fastest growing destination of permanent magnet products followed by the Americas. Growing demand from end-user industries, such as automobiles, consumer electronics, and energy equipment market is further expected to drive the demand for permanent magnet materials in Asia Pacific. Furthermore, Chinese command on more than 80% of global rare earth element production, which is likely to boost the demand for permanent magnets in the region.

Place a direct purchase order @ https://www.adroitmarketresearch.com/researchreport/purchase/548

Key players operating in the global permanent magnets market are Hitachi Metals Ltd., Tokyo Denki Kagaku Kogyo K.K., Shin-Etsu Chemical Co., Ltd., Yantai Zhenghai Magnetic Materials Co., Ltd., Arnold Magnetic Technologies, TDK Corporation, Daido Steel Co., Ltd., Adams Magnetic Products Co., Inc., Ningbo Yunsheng Co., Ltd., Earth-Panda Advance Magnetic Material Co., Ltd.


Major points from Table of Contents:
Chapter 1.    Executive Summary
Chapter 2.    Research Methodology
Chapter 3.    Market Outlook
Chapter 4.    Global Permanent Magnets Market Overview, By Product
Chapter 5.    Global Permanent Magnets Market Overview, By Application
Chapter 6.    Global Permanent Magnets Market Overview, By Region
Chapter 7.    Company Profiles
Continued…


Grasp advance knowledge on Permanent Magnet Industry through in-depth Blogs, White Paper & Infographics:

Access the Case Study “Permanent Magnets And Affecting Efficiencies” @ https://www.adroitmarketresearch.com/case-studies/permanent-magnets-and-affecting-efficiencies

Read the in depth blog titled “The Evolution Of Permanent Magnets” @ https://www.adroitmarketresearch.com/blogs/the-evolution-of-permanent-magnets


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