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Transformer Oil Market Research Report by Product, by Application, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19
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Global Rubber Process Oil Market to Reach $2 6 Billion by
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Rare Earth Magnets Market 2021: Industry Analysis, Growth, Price Trends, Opportunities and Forecast till 2026 - IMARC Group
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05 May 2021, 06:24 GMT+10
The global rare earth magnets market reached a value of US$ 14.4 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Rare earth magnets are strong permanent magnets that assist in product miniaturization, improving performance and reducing manufacturing costs. They have significantly higher magnetic stability and field strength than ferrite (ceramic) and alnico magnets. Rare earth magnets, including alloys of neodymium, samarium, and dysprosium, are industrially manufactured through casting or sintering. Unlike electromagnets, rare earth magnets do not lose their magnetic property unless they are heated above the Curie temperature.
Transformer Oils Market, COVID-19 Analysis, Key Players, Growth, Analysis, Industry Segments, Opportunities and Forecast to 2023
Transformer Oils Market Global Research Report: By Type (Naphthenic Oil, Paraffinic Oil, Bio-Based Oil, Silicone Oil), By Application (Large Transformers, Small Transformers, Utility & Others), And Region – Forecast Till 2023
Market Overview
According to Market Research Future (MRFR), the global transformer oil market is expected to expand at a CAGR of 8.29% while procuring the market value of USD 4,002.8 million by 2023.
The growing demand for electricity in rural areas in developing countries is expected to be a significant factor that can boost the transformer oil market 2020. Urbanization and industrialization are other salient causes that can trigger the oil demand and enhance the transformer oil market opportunities. The expansion of the power sector to meet electricity requirements among the growing populace is anticipated to drive the market