+1-888-308-5802     
News Contact Us

Permanent Magnet Market to procure massive returns from commercial vehicles and domestic cars production; Hitachi Metals, Hangzhou Group, Arnold Magnetic Technologies, Electron Energy Corp are leading players

Author : Rahul Varpe | Published Date : 2019-04-10 

Global Market Insights provides a detailed overview of Permanent Magnet market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Permanent Magnet market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Permanent Magnet Market is deeply driving by the energy generation sector. Rapid depletion of fossil fuel reserves around the globe is influencing the use of wind energy sources that are renewable in nature. In the Asia Pacific region, increasing wind energy demand led by China will positively influence the market demand. China, in 2015, registered over 30 GW wind energy installation capacity, which formed roughly 40% of the world share.

Request for a sample copy of this report @  
https://www.gminsights.com/request-sample/detail/1113    

The permanent magnet market is majorly driven by the automobile industry owing to its extensive use due to its properties such as energy conversion, repulsion, attraction, and magnetic field applications to direct, control and shape ion & electron beams in electronic systems. From 2013 to 2015, the global commercial vehicles and domestic cars production witnessed a growth from 87.5 million to over 90.5 million respectively. Increasing per capita disposable income coupled with the gradual development in the economies is likely to surge the automotive industry which in turn will boost the market share in the coming years.

Some of the major players present in the global permanent magnet market include:

  • Adams Magnetic Products
  • Hitachi Metals
  • Hangzhou Group
  • Arnold Magnetic Technologies
  • Electron Energy Corp
  • TDK Corporation

Make an Inquiry for Purchasing this Report @ 

https://www.gminsights.com/inquiry-before-buying/1113 

Based on the product, the permanent magnet market is segmented into four major segments namely, aluminum-nickel-cobalt alloy, samarium-cobalt alloy, neodymium alloy, and ferrite. The neodymium alloy holds a significant of nearly two third of the entire market share. Ferrite is the most cost effective of all and will foresee a market share of around 12 billion in 2024.

Considering applications, the permanent magnet market is bifurcated into three broad categories which include electronics, automotive and power generation. The electronics segment market share is likely to cross USD 10 billion with a growth rate of 10% by the end of the projected timeframe. In terms of volume, the automotive segment will hold a major chunk of share in the global market.

On the basis of region, Asia Pacific, in 2015, held a significant share in the global permanent magnet market led by China due to the increasing electronics and automobile production. The country had a production capacity of windmills installed in excess of 145 GW which is about one third of the world. Registering a growth of 9%, North America accounted for over USD 4 billion in the same year. This growth is likely due to the United States, as in 2015, the commercial vehicles and domestic cars in the country accounted in excess of 12 million. The United States also registered a growing energy installation capacity in excess of 75 GW and is likely to increase in the future.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/permanent-magnet-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com/      

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Printed Cartons Market Report 2019- Study By Application, Products And Material 2024

Published Date: 2019-04-25         Author: Rahul Varpe

The Printed Cartons Market research report also explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the Glucose Sensors industry’s information with forecast from 2019 to 2024. Speaking of the g... Read More

Polystyrene & Expanded Polystyrene Market report 2019 by regional revenue, growth & trends analysis 2024

Published Date: 2019-04-25         Author: Rahul Varpe

Videolar-Innova, one of the most renowned players in polystyrene and expanded polystyrene market, has recently expanded its monomer manufacturing capacity in Rio Grande do Sul state, Brazil. Reportedly, the company has increased its production capacity from 260,000 tons to 420,000 tons on an annual ... Read More

Synthetic And Bio Emulsion Polymers Market 2019 Regional Growth Factors, Trends & Analysis Of Leading Players By 2024

Published Date: 2019-04-25         Author: Rahul Varpe

Synthetic and bio emulsion polymers market has been gaining remarkable traction in recent years, on account of the fact that these products are extensively deployed in the paint & coatings and paper & paperboard coatings sectors. Paints and coatings, as is distinctly known, are hugely demand... Read More

© 2019 Fractovia. All Rights Reserved