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Permanent Magnets Market Exploring Future Growth and Key Trends by 2021-2028

Permanent Magnet Market Size, Future Demand, Technology, Global Research, Top Leading Player, Emerging Trends and Regional Forecast to 2027 – KSU

bmrcFebruary 2, 2021 The latest research report on Permanent Magnet delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business. HNY Research projects that the Permanent Magnet market size will grow from USD XX Million in 2018 to USD XX Million by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. Get Sample Copy of The [email protected] By Market Players: Hitachi Metals, Ltd., Daido Steel Co., Ltd., TDK Corporation, Shin-ETSU Chemical Co., Ltd., Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Inc., Adams Magnetic Products Co., Inc., Bunting Magnetics Co., Yantai Shougang Magnetic Materials Inc., Galaxy Magnets, Ningbo Yunsheng Co. Ltd. (China), Anhui Earth-Panda Adv

Global Permanent Magnet Markets, 2020-2025 by Material Type (Neodymium-Iron-Boron, Ferrite, Samarium Cobalt, Alnico) & End-user (Automotive, Electronics, Industrial, Power Generation)

Share this article Share this article ResearchAndMarkets.com s offering. The market for permanent magnets is expected to witness a CAGR of more than 6% globally during the forecast period. The rising number of electro-mechanical devices for sustainable energy and growing demand for electric vehicles is driving market growth. Competition from other materials and the associated costs are expected to hinder the market growth. Key Market Trends Growing Demand from Electro-mechanical Products Permanent magnets are increasingly being used in electro-mechanical products for better efficiency purposes. Permanent magnets find their application in renewable energy sources, generators, turbines, DC motors, and linear and rotational actuators, among others.

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