Permanent Magnets Market by Reports and Data

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Presentation Description

The study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the market, for the forecast period 2019 - 2026.


Presentation Transcript

Slide1: Permanent Magnets Market To Reach USD 37.00 Billion By 2026


Increasing application of permanent magnets in battery production in hybrid and electric cars is forecasted to drive the market. Market Size – USD 18.92 Billion in 2018, Market Growth - CAGR of 8.6%, Market Trends – Increasing use of permanent magnets in consumer electronics . The Global  Permanent Magnets Market  is forecasted to reach USD 37.00 Billion by 2026, according to a new report by Reports and Data. The property of permanent magnets to retain its magnetic property makes it applicable for use in a wide range of industries.   Market Summary


Our Approach Market Summary Increase in renewable energy is also fueling the growth of the market. Utilization of permanent magnets in wind turbines and solar photovoltaics and increasing production of hybrid and electric vehicles are some of the drivers propelling the growth of the market. Application of permanent magnets in sensors, switches, auto-clutch, and electric power steering are other factors boosting the market growth. The electronics industry and changing lifestyle are other factors that will propel the market. With an increase in demand for consumer electronics permanent magnets also witness a rise in demand. Changing prices of raw materials and the hazards associated with rare earth metal mining is expected to limit the growth of the market. APAC dominates the market for permanent magnets. China is a major contributor. It owns the largest reserve worldwide and is also a low-cost producer of permanent magnets. Improvement in living standards and rapid industrialization is fueling market growth . Key participants include Adams Magnetic Products Co., Anhui Earth-Panda Advance Magnetic Material Co. Ltd., Arnold Magnetic Technologies, Daido Steel Co. Ltd., Eclipse Magnetics Ltd., Electron Energy Corporation, Goudsmit Magnetics Group, Hangzhou Permanent Magnet Group, Hitachi Metals Ltd., Molycorp Magnequench , TDK Corporation, and Thomas & Skinner Inc., among others. Request for a sample of this research report @ https://


Our Approach Market Summary Further key findings from the report suggest Automotive segment dominates the market of permanent magnets and is forecasted to grow with the highest CAGR of 8.3% throughout the forecast period. Expansion of the automotive industry across the globe, especially in the Asia Pacific, is expected to boost the market. In vehicles, permanent magnets are used in sensors, auto-clutch, switches, and electric powers. Consumer Electronics is forecasted to hold 18% of the market share in the year 2026. Increase in the use of permanent magnets in HDD, CD, and DVD propels the market. Aerospace and Defense segment holds a market share of 14% in the year 2018. Atomic batteries manufactured for spacecraft and guided missile systems use permanent magnets . Environment & Energy is forecasted to grow with an annual growth rate of 7.9% throughout the forecast period. With the growth in renewable energy and countries across the globe trying to meet their renewable energy targets, this sector is forecasted to grow in the coming years. To identify the key trends in the industry, click on the link below : https://


Our Approach Market Summary For the purpose of this report, Reports and Data have segmented the global Permanent Magnets Market on the basis of Material, End Users, Sales Channel, Application and Region: Material Outlook (Revenue, USD Billion; 2018-2026 ) Neodymium Iron Boron Magnets Ferrite Magnets Samarium Cobalt Magnets Alnico Magnets Other Magnets End Users Outlook (Revenue, USD Billion; 2018-2026 ) Consumer Electronics Automotive Environment & Energy General Industrial Medical Technology Aerospace & Defense Others


Our Approach Market Summary Sales Channel Outlook (Revenue, USD Billion; 2018-2026) Direct Sales Distributor Applications Outlook (Revenue, USD Billion; 2018-2026 ) Hybrid & Electric vehicles Wind Turbines Electric Bicycle Industrial Motors Energy Storage System Magnetic Refrigeration Magnetic Levitation Transport Others Applications Order Now:  https://


Our Approach About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: Direct Line: +1-212-710-1370 E-mail:

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