Global Permanent Magnets Market Size By Type, By End-Use Industry, By Geographic Scope And Forecast
Report Highlights
Permanent Magnets Market Insights
Permanent Magnets Market was valued at USD 21.63 Billion in 2020 and is projected to reach to USD 32.87 Billion by the end of 2028, growing at a CAGR of 5.52% from 2021 to 2028.
The Permanent Magnets Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Permanent Magnets Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Permanent Magnets Market Overview
Development & modernization of infrastructure is one amongst the key factors driving the expansion of the Permanent Magnets Market. The growing trend of modernization and electrification to enhance efficiency and reduce the cost of production drive the utilization of Permanent Magnets in various industries. Today, building technologies offer advanced solutions that make sure the highest levels of sustainability, energy efficiency, and safety is achieved.
This report provides an all-inclusive environment for the analysis of the Permanent Magnets Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Permanent Magnets Market growth.
Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Permanent Magnets Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Permanent Magnets Market.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2020 |
| Forecast period considered | 2021-2028 |
| Base year market size | 21.63 $ Billion |
| Market size forecast | 32.87 $ Billion |
| Growth rate | 5.52% |
| Units considered | $ Billion |
| Segments covered | Type, End-Use Industry, And Geography. |
| Industry covered | Electronics & Semiconductor |
| Companies studied |
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Global Permanent Magnets Market: Segmentation Analysis
The Global Permanent Magnets Market is segmented based on Type, End-Use Industry, And Geography.
Key Players In Permanent Magnets Market
The Global Permanent Magnets Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market 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.), and Bunting Magnetics Co. (U.S.).
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