#Permanent Magnets Market size

[industrynewsupdates]

Permanent Magnets Market Size, Share And Trends Analysis Report 2024 - 2030

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. One of the key factors driving this growth is the increasing focus on renewable energy sources, such as wind and solar energy. Permanent magnets play a crucial role in enhancing the efficiency of wind turbine generators, which is contributing to the market's positive trajectory. Specifically, rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being extensively used in wind turbines due to their ability to increase the reliability of turbines while also reducing maintenance costs. This, in turn, is expected to fuel the demand for permanent magnets in the renewable energy sector throughout the forecast period.

In the U.S., the permanent magnet market is expected to grow at a faster rate compared to its ferrite magnet counterpart, driven by their widespread use in high-tech applications. These include sectors such as robotics, wearable devices, electric vehicles (EVs), and wind power. The automotive industry in the U.S. has experienced steady growth since the economic downturn of 2008-09. A key trend contributing to this growth is the rising adoption of plug-in electric cars, which is largely driven by the advanced technology and high-performance electric vehicles offered by leading manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Tesla, for example, was one of the first electric carmakers to integrate neodymium magnets into its electric motors, starting in early 2018. This shift toward using high-performance magnets in electric vehicle motors is expected to significantly drive the demand for permanent magnets in the U.S. market.

Overall, the growing applications in energy and transportation sectors, combined with the advancements in technology, are expected to accelerate the adoption of permanent magnets, boosting market growth globally, particularly in the U.S.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Regional Insights

Asia Pacific

In 2023, the Asia Pacific region dominated the global permanent magnets market, accounting for nearly 75.0% of the total revenue. This region is considered the manufacturing hub of the world, with countries like China, Japan, and South Korea playing a pivotal role in the production of a wide range of products, including automotive and electronic devices. These countries have become significant centers for the production of computer hardware devices, such as hard disks, computer chips, and microprocessors, all of which heavily rely on permanent magnets for their functionality. As a result, the demand for permanent magnets continues to grow, driven by the electronics and hardware manufacturing industries in the region.

Europe 

Europe is projected to become the second-largest regional market by 2030, although it faced challenges in recent years. The region saw a significant decline in industrial production in 2020, mainly due to the economic slowdown and political uncertainties, including Brexit. Additionally, the economic downturn was exacerbated by the COVID-19 pandemic, which led to widespread lockdowns and disrupted supply chains. However, as the economy recovers, Europe is expected to regain its growth momentum, bolstered by innovations and a focus on green energy and sustainability.

North America

North America accounted for a notable market share in 2023, although the COVID-19 pandemic had a severe impact on the region's supply chains. According to the International Monetary Fund, North America's GDP contracted by around 7% in 2020, reflecting a significant downturn in the output of key industries, including automotive & transportation, electrical & electronics, and aerospace & defense. However, with the resumption of economic activities post-pandemic, the demand for permanent magnets, particularly in electric vehicles and renewable energy sectors, is expected to rise.

Middle East & Africa

The Middle East & Africa region saw a decline in its market revenue in 2023, mainly due to the economic pressures exacerbated by the pandemic. In 2020, the region’s GDP contracted by approximately 4.2%, with Gulf countries particularly affected by rising deflationary pressures. Despite this, the demand for permanent magnets in the region is expected to gradually recover as economic conditions stabilize and industrial activities resume.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.

• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.

Key Companies & Market Share Insights

The permanent magnets market is highly competitive, with several prominent companies operating globally. Some of the key players include:

1. Hitachi Metals Ltd.: This company operates across three main business segments—automotive-related products, electronics-related products, and infrastructure-related products. Hitachi Metals offers a broad portfolio of products, including cutting tools, molding materials, exhaust components, magnets, LCD displays, semiconductors, medical equipment, and more. Its diverse range of products contributes to its strong position in the market.

2. Shin-Etsu Chemical Co., Ltd.: A major player in the industry, Shin-Etsu operates through several business segments, including PVC, silicones, specialty chemicals, semiconductor silicon, and electronics & functional materials. The company’s diverse product range, particularly in the materials used for semiconductor manufacturing, positions it well within the permanent magnets sector.

3. Ningbo Yunsheng Co., Ltd.: This company specializes in developing and manufacturing sintered and bonded NdFeB, AlNiCo, and SmCo magnets, as well as magnetic assemblies and electric motor products. It also focuses on research and management in sectors such as automobile motors, smart technology, and neodymium magnets.

Emerging Market Participants:

1. Earth-Panda Advance Magnetic Material Co., Ltd.: This company manufactures a wide range of permanent and flexible magnets, including ceramic and ferrite magnets. Its product portfolio includes items like extruded magnet strips, rubber magnet sheets/rolls, magnetic products, and magnetic toys. The company caters to various sectors, including electric motor seals, refrigerator seals, and office automation magnets.

2. Ninggang Permanent Magnetic Materials Co., Ltd.: Established in 2003 and based in Ningbo, China, this company produces sintered SmCo materials, rubber magnets, plastic injection magnets, bonded NdFeB magnets, and ferrite magnets. It is known for its advanced production technologies and strict quality control systems, which help ensure the delivery of high-quality permanent magnets in various shapes to meet industry demands.

Key Permanent Magnets Companies:

• Adams Magnetic Products Co.

• Earth-Panda Advance Magnetic Material Co., Ltd.

• Arnold Magnetic Technologies

• Daido Steel Co., Ltd.

• Eclipse Magnetics Ltd.

• Electron Energy Corp.

• Goudsmit Magnetics Group

• Hangzhou Permanent Magnet Group

• Magnequench International, LLC

• Ningbo Yunsheng Co., Ltd.

• Ninggang Permanent Magnetic Materials Co., Ltd.

• Shin-Etsu Chemical Co., Ltd.

• TDK Corporation

• Thomas & Skinner, Inc.

• Vacuumschmelze GMBH & Co. Kg

• Ugimag Korea Co., Ltd.

• SsangYong Materials Corp.

• Pacific Metals Co., Ltd.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[neha24blog]

Permanent Magnets Market In-Depth Research On Basis By Material, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 13 June 2023: The Report Permanent Magnets Market Size, Share & Trends Analysis Report By Material (Ferrite, NdFeB), By Application (Consumer Goods & Electronics, Energy), By Region, And Segment Forecasts, 2023 – 2030 The global permanent magnets market size is projected to reach approximately USD 39.71 billion by 2030, according to a new report by Grand View Research, Inc.,…

[researchcompany]

Permanent Magnet Stepping Motor Market Industry Outlook, Size, Share, Growth, Trend and Forecast to 2031

Permanent Magnet Stepping Motor Market Research Report

Market Strides has recently added a new report to its vast depository titled Global Permanent Magnet Stepping Motor Market. The report studies vital factors about the Global Permanent Magnet Stepping Motor Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Permanent Magnet Stepping Motor Market.

Market Overview

Permanent Magnet Stepping Motor Market overview provides a snapshot of the current state of a specific market, highlighting key trends, growth drivers, challenges, and opportunities. It typically includes an analysis of the market size, competitive landscape, consumer demand, and regulatory factors. Additionally, the overview may touch on emerging technologies or innovations impacting the market, as well as projections for future growth. This concise summary helps businesses and investors understand the market dynamics and identify areas for strategic planning or investment.

Get Free Sample Report PDF @ https://marketstrides.com/request-sample/permanent-magnet-stepping-motor-market

Permanent Magnet Stepping Motor Market Share by Key Players

Shinano Kenshi

Minebea

Nippon Pulse Motor

Haydon Kerk Motion Solutions

Oriental Motor

Panasonic

Mechtex

Anaheim Automation

ElectroCraft

Nanotec Electronic

Kollemorgen

Bosch Rexroth

TECO Electro Devices

Changzhou Leili

Moons

Mige

Permanent Magnet Stepping Motor Market Segmentation

The report on Global Permanent Magnet Stepping Motor Market provides detailed toc by type, applications, and regions. Each segment provides information about the production and manufacturing during the forecast period of 2024-2032. The application segment highlights the applications and operational processes of the industry. Understanding these segments will help identify the importance of the various factors aiding to the market growth.

The report is segmented as follows:

By Type

2-phase Hybrid Stepper Motors

3-phase Hybrid Stepper Motors

Other

By Application

CNC Machine Tool

Industrial Automation

Industrial Automation

Printing Equipment

Get Detailed @ https://marketstrides.com/report/permanent-magnet-stepping-motor-market

Permanent Magnet Stepping Motor Market Frequently Asked Question

1) What are Permanent Magnet Stepping Motor Market and why are they important?

2) What is the future outlook for the Permanent Magnet Stepping Motor Market?

3) What are the Segments Covered in the Market?

4) Who are the prominent key players in the Market?

Key Highlights

It provides valuable insights into the Permanent Magnet Stepping Motor Market.

Provides information for the years 2024-2032. Important factors related to the market are mentioned.

Technological advancements, government regulations, and recent developments are highlighted.

This report will study advertising and marketing strategies, market trends, and analysis.

Growth analysis and predictions until the year 2032.

Statistical analysis of the key players in the market is highlighted.

Extensively researched market overview.

Buy Permanent Magnet Stepping Motor Market Research Report @ https://marketstrides.com/buyNow/permanent-magnet-stepping-motor-market

Contact Us:

Email : sales@marketstrides.com

[chemicalresearchnews]

The global permanent magnet market is valued at USD 53.5 billion in 2024 and is projected to reach USD 80.4 billion by 2029, growing at 8.5% CAGR from 2024 to 2029.

[sbcdh]

The discovery that hypnotic states could be used for market regulatory purposes was nothing short of a revolution for the Federal Reseve. in June 1968, Initial experiments with "financial clairvoyance" were conducted.

The original methodology was fairly simple: fully trained subjects would be placed in a sensory deprivation tank and undergo hypnosonic neuro-induction to the point of sub-finantial emanation. Subjects would remain attuned for 24 hours, at which point they would be de-emanated, and their experiences recorded via interview.

This methodology proved to be an expensive disaster. Repeated cycles of emanation and de-emanation had a catastrophic effect on mental cohesion. On average, subjects would begin to show signs of neuro-depatterning within the first 50 dives, and would slip into permanent catatonia by 350 dives.

Additionally, recovered documents from the period show that information from a single Plutophant was only accurate to within a 2.2i Murdoch deviations, and the interview method introduced a further 5.1i of uncertainty. While experimental attempts to record brain activity directly were underway, technology was primitive, often harmful to the subject, or necessitated invasive surgical modification. Even then, transchronological brain activity proved uniquely difficult to record.

Then, a breakthrough.

The 1960 nationwide upgrade of the minuteman nuclear system was underway, which created a surplus of IBM Drum Storage Drives. Drives that were largely donated to research institutions under the purview of project Clover. With some modifications, the cyclical nature these drum drives proved to be ideal for recording changes in transchronological neuropatterning.

These "Radio-Magnetic Neurological Sensory Arrays" were the predecessor to the modern neuroscope. The first production example, the IBM Y-2, was the size of an entire room, requiring enormous amounts of power and several trained technicians to process the thoughts of a single Plutophant into a human-readable form.

Study is ongoing.

[sdm-magnetic]

Market Outlook And Forecast for The Hollow Cup Motor Industry in China (2024)

A hollow cup motor is a type of DC motor with a coreless rotor structure. Compared to traditional DC motors, the hollow cup motor eliminates the iron core as a supporting structure, relying instead on a hollow cup-shaped coil winding along with connecting plates, the main shaft, and other components to form the rotor or stator.

**1. Definition and Classification of Hollow Cup Motors**

Hollow cup motors are a type of micro-special motor, belonging to the category of DC permanent magnet servo control motors. They structurally break away from the traditional stator and rotor configuration by adopting a coreless stator/rotor design. This innovative structure completely eliminates energy losses caused by eddy currents formed by iron cores.

Hollow cup motors can be divided into brushed and brushless types. Brushed motors primarily consist of a stator, rotor, and brushes, where the permanent magnet is the stator, and the brushes and commutator continuously contact and friction, causing sparks during rotation. Brushless motors mainly comprise a stator and rotor, where the permanent magnet is the rotor, and commutation is achieved through Hall effect sensors, encoders, or resolvers.

**2. Development Policies for the Hollow Cup Motor Industry**

Hollow cup motors have advantages such as high power density, high efficiency, fast speed, and quick response, leading to excellent energy-saving effects, power performance, and control capabilities. In recent years, the government has been vigorously promoting the development of industrial motors. For example, in August 2023, the Ministry of Industry and Information Technology and other departments issued the "Machinery Industry Growth Stabilization Work Plan (2023-2024)," which aims to enhance industrial foundation capabilities and overcome key core technologies and components in system control and hydraulics, addressing industry development shortcomings.

**3. Current Status of the Hollow Cup Motor Industry**

**1. Global Market Size of Hollow Cup Motors**

With the rapid development of industrial technology and the increasing downstream demand, the global market size of the hollow cup motor industry continues to expand. According to the "Special Report on China's Hollow Cup Motor Industry Chain Panorama and Opportunities Insights" by the China Business Industry Research Institute, the global hollow cup motor market reached $810 million in 2023. Analysts predict that the global market size will reach $870 million in 2024 and $1.19 billion by 2028.

**2. China’s Global Market Share of Hollow Cup Motors**

Hollow cup motors are key components in robotic dexterous hands. In recent years, the hollow cup motor industry has been flourishing, with the market size continuously expanding. The same report indicates that the Chinese hollow cup motor market reached $290 million in 2023. Analysts predict that China’s market size will reach $320 million in 2024 and $470 million by 2028.

**3. Regional Market Structure of Global Hollow Cup Motors**

China has a significant share of the global hollow cup motor market, accounting for 34.8%. The European market accounts for 25.85%.

**4. Competitive Landscape of Hollow Cup Motors**

Leading overseas companies have a long history and strong technical accumulation, holding a high industry status. In 2022, the top five companies (CR5) in the global hollow cup motor market held a 67% market share, including Faulhaber, Portescap, Allied Motion Technologies, Maxon Motor, and Nidec Copal Corporation. The market concentration is high, dominated by the top three overseas companies.

**5. Downstream Applications of Hollow Cup Motors**

Hollow cup motor products are already playing important roles in medical fields such as bionic prosthetics and surgical robots. They are also used in scenarios requiring high weight, long life, and low-speed performance, such as electric tools, and in areas with high precision, reliability, and control requirements, such as aerospace and industrial automation.

**4. Key Enterprises in the Hollow Cup Motor Industry**

**SDM Magnetics Co., Ltd.**

Since 2004, SDM Magnetics Co., Ltd. has been manufacturing a variety of high-quality permanent magnets and magnetic assemblies, focusing on motor stators and rotors, sensor resolvers, neodymium magnets, hard and soft magnets, magnetic assemblies, and other special magnet materials. SDM Magnetics' main business is control motors and their drive systems, with a comprehensive product line including stepper motors, hollow cup motors, servo drives, and motors. Its most technically advantageous products related to humanoid robots are hollow cup motors, including both brushed and brushless versions, available in various rated voltages.

**5. Development Prospects of the Hollow Cup Motor Industry**

**1. Expansion of the Hollow Cup Motor Market Driven by Humanoid Robots**

According to data from the IFR and the Chinese Institute of Electronics, although humanoid robots are in the initial stages, they are expected to grow explosively once the penetration rate exceeds 20%, similar to other electronic products. With an estimated annual compound growth rate of 30% from 2023 to 2030, the market size of humanoid robots in China is expected to reach approximately 870 billion yuan by 2030. Hollow cup motors have broad application prospects and market demand in the field of humanoid robots. Benefiting from the rise of humanoid robots, the hollow cup motor market is expected to expand.

**2. New Opportunities for Domestic Substitution**

Hollow cup motors originated in Germany and Japan, with companies from Germany, Sweden, Japan, and other European countries having early starts, complete and mature processes, and excellent equipment performance. Currently, foreign manufacturers occupy a major market share, accounting for 85%. Domestic manufacturers like Mige Electric and Dingzhi Technology are gradually opening up the market through localized sales strategies, with a 15% market share.

Most domestic manufacturers' products are concentrated in the mid-to-low-end sectors, but domestic companies are continuously catching up, increasing their R&D efforts. On the market side, the cost reduction needs of humanoid robots will provide domestic manufacturers with opportunities for overtaking in curves. On the policy side, the government encourages domestic substitution, issuing policies like the "Action Plan for the Development of Basic Electronic Components Industry (2021-2023)." It is foreseeable that domestic manufacturers will achieve technical catch-up and eventually realize domestic substitution of hollow cup motors.

[stevecarell600]

Degaussing System Market Size, Share, Trends Overview & Demand Insights by 2032

In 2023, the global degaussing system market was worth $0.90 billion. It is expected to grow steadily, reaching $0.93 billion in 2024 and $1.46 billion by 2032, with an annual growth rate of 5.7%. The Asia-Pacific region led the market in 2023, holding a significant share of 46.67%.

The Degaussing systems are used to eliminate the induced and permanent longitudinal, vertical, and athwartship magnetism in various naval vessels by arranging magnetometers and coils accordingly. Copper coils surround the structure in all three dimensions during degaussing. Growing innovations in demagnetization or degaussing technology to drive global degaussing system market growth during the forecast period.

Fortune Business Insights™ mentioned this in a report titled, “Global Degaussing System Market, 2023-2030.”

Informational Source:

https://www.fortunebusinessinsights.com/degaussing-system-market-108153

List of Key Players Present in the Report:

Wärtsilä Corporation (Finland)

Larsen & Turbo Limited (India)

Ultra Electronics Holdings plc (U.K.)

L3 Harris Technologies, Inc. (U.S.)

American Superconductor Corporation (U.S.)

Polyamp AB (Sweden)

Raytheon Technologies Corporation (U.S.)

Groupe Gorgé (France)

STL Systems AG (Switzerland)

Hensoldt AG (Germany)

Segments:

Degaussing Coils Segments to Dominate the Market Owing to Their Ability to Neutralize the Residual Magnetism

Based on the component, the market is classified into power supplies, degaussing coils, control units, monitoring systems, and others. The degaussing segment dominates the global degaussing system market share and is estimated to be the fastest-growing segment during the projected period. The growth is attributed as they are used to neutralize the residual magnetism in a ship's hull or electronic equipment.

Rising Demand for Prolonged Systems’ Accuracy and Reliability to Aid Ranging Segment Growth

By solution, the market is divided into degaussing, deperming, and ranging. The ranging segment is estimated to be the fastest-growing segment in the market due to the growing demand for prolonged systems’ accuracy and reliability.

Growing Demand for Border Security to Drive Offshore Patrol Vessel (OPV) Segment Growth

By vessel type, the market is segmented into amphibious ships, destroyers, frigates, landing craft, Offshore Patrol Vessel (OPV), mine warfare/countermeasure, submarine, and others. The Offshore Patrol Vessel (OPV) segment dominates the market and is estimated to witness significant growth during the forecast period. The growth is attributed to the increasing demand for border security and border control globally.

Service Segment Dominates the Market Due to Increasing Advanced Demagnetizing Techniques Demand

Based on end user, the market is classified into OEM, aftermarket, and services. The services segment dominates the market and is expected to witness significant growth during the forecast period owing to the increasing demand for advanced demagnetizing techniques.  

Geographically, the market is studied across North America, Europe, Asia Pacific, and Rest of the World.

Report Coverage

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

Comprehensive insights into regional developments.

List of major industry players.

Key strategies adopted by the market players.

The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Increased Government Initiatives to Expand Naval Vessels Fleet to Boost Market Growth

The governments of several nations globally are launching new initiatives and investing in the modernization and expansion of their naval fleets. This is expected to drive the global degaussing system market growth. The retrofitting of the existing naval ships with the updated systems is also expected to drive market growth during the projected period. The increasing engagement of naval forces to expand their naval vessel fleets globally to boost market growth during the forecast period.

However, the high costs associated with retrofit installation, training, customization, and compliance with strict rules and standards hamper market growth during the forecast period.

Regional Insights

Increased Presence of Major Fleet to Boost Market Growth in Asia Pacific

The Asia Pacific dominated the market and stood at USD 412.8 million in 2022. The growth was attributed to the high presence of a major fleet in the region.

North America is estimated to be the fastest-growing region during the forecast period and held a significant market share in 2022. The growth is attributed to the increasing expansion of naval defense capabilities in the region.

Competitive Landscape

Increasing Adoption of Mergers & Acquisitions by Key Players to Drive Market Growth

The global degaussing system market comprises key players, such as American Superconductor Corporation (AMSC), L3 Harris Technologies, Inc., Larsen & Toubro Limited, and others. The increasing adoption of mergers & acquisitions strategies by key players, with technological advancements and product innovation, is estimated to drive market growth during the forecast period.

Key Industry Development

November 2022 - Damen Shipyards Group commissioned Wärtsilä SAM Electronics to integrate the electrical systems of the F126 project. This includes the integration of all electrical systems, including the production and supply of switchgear, degaussing systems, power distribution systems, special equipment for power supply, lighting systems supply, and other equipment.

[sugarbodyjewellery]

Piercing Jewellery: Enhancing Your Style with Elegance and Versatility

The Appeal of Piercing Jewellery

What makes piercing jewellery so alluring? For starters, it’s incredibly versatile. Whether you prefer subtle studs or extravagant hoops, piercing jewellery allows you to express your unique personality. Materials range from hypoallergenic surgical steel to luxurious gold and platinum, ensuring options for both comfort and elegance.

One major advantage is that piercing jewellery complements any look. For example, a dainty stud can accentuate a professional outfit, while an ornate belly ring adds a playful touch to beachwear. This versatility ensures piercing jewellery is not just a fleeting trend but a timeless addition to any wardrobe.

Enter Fake Piercing Jewellery

Not everyone is ready for the commitment or pain that comes with real piercings. That’s where fake piercing jewellery steps in as a game-changer. These pieces offer the same aesthetic appeal as traditional piercing jewellery but are designed to clip, stick, or magnetically attach to the skin without requiring an actual piercing.

Fake piercing jewellery is perfect for experimenting with different styles before committing to the real thing. Want to try a nose ring or an eyebrow piercing but unsure if it suits you? Fake options let you play around without the permanence. They are also an excellent alternative for individuals who cannot wear real piercing jewellery due to allergies, workplace restrictions, or personal preferences.

Types of Piercing Jewellery and Fake Alternatives

The market for piercing jewellery is expansive, catering to every imaginable taste. Popular types include:

Earrings: From classic studs to trendy ear cuffs.

Nose Rings: Available in designs like hoops, L-shaped studs, and septum clickers.

Lip and Tongue Piercings: Often minimalist yet impactful.

Belly Rings: Adorned with crystals, charms, or intricate designs.

On the other hand, fake piercing jewellery is just as varied:

Clip-On Earrings and Nose Rings: Easy to wear and remove.

Magnetic Studs: Mimic the look of traditional piercings.

Stick-On Jewellery: Perfect for festivals or temporary wear.

With so many options available, you can effortlessly mix and match real and fake piercing jewellery to create a unique, personalized look.

Choosing the Right Piercing Jewellery

When selecting piercing jewellery, consider the following factors:

Material: Opt for hypoallergenic materials like surgical steel or titanium to prevent irritation.

Size and Fit: Ensure a comfortable fit that doesn't pinch or cause strain.

Design: Choose pieces that align with your personal style or the occasion.

Similarly, when choosing fake piercing jewellery, prioritize comfort and durability. High-quality fake options often mimic the appearance of real pieces, allowing for seamless integration into your style.

Maintenance and Care

To keep your piercing jewellery looking its best, regular cleaning is essential. Use a gentle solution to clean both real and fake pieces, especially after prolonged wear. Proper storage in a dedicated box or pouch also prevents tarnishing or damage.

[industrynewsupdates]

Permanent Magnets Market Opportunities, Segmentation and Forecast Report 2024 - 2030

The global permanent magnets market size was valued at USD 22.18 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. 

The rising prominence of renewable energy sources, such as wind and solar, is anticipated to positively aid the market growth over the forecast period. At present, permanent magnets are used in wind turbine generators for increasing their efficiency. Rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being predominantly used in wind turbines owing to benefits, such as increased reliability and reduction in maintenance costs.

The permanent magnet market in U.S. is expected to grow at a higher rate than its ferrite counterpart over the forecast period owing to its wide usage in high-end applications like robotics, wearable devices, electric vehicles, and wind power. Since the economic meltdown of 2008-09, the automotive industry in the U.S. has grown steadily. The country has been witnessing a significant rise in the adoption of plug-in electric cars, primarily driven by the advanced products offered by key players, such as Tesla, Chevy, Nissan, Ford, Audi, and BMW, among others. In early 2018, Tesla became one of several electric carmakers to use motors with neodymium magnets.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Permanent Magnets Market Report Highlights

• The ferrite material segment dominated the market in 2023 mainly due to the wide usage of ferrite magnets in medical devices

• The NdFeB material segment is likely to witness the fastest CAGR, in terms of revenue, over the predicted timeline

• The rising popularity of anti-lock braking system sensors in vehicles is anticipated to aid the segment growth over the coming years

• The medical segment is estimated to be among the key application fields over the forecast period owing to the increased spending in healthcare infrastructure across the globe post-pandemic

• Asia Pacific is estimated to emerge as the largest as well as the fastest-growing regional market, in terms of revenue, from 2024 to 2030. China is projected to remain the key contributor to the regional market of Asia Pacific

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.

• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.

Permanent Magnets Market Segmentation

Grand View Research has segmented the global permanent magnets market based on material, application, and region:

Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Ferrite

• Neodymium Iron Boron (NdFeB)

• Aluminum Nickel Cobalt (Alnico)

• Samarium Cobalt (SmCo)

Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Automotive

• Consumer goods & electronics

• Industrial

• Aerospace & Defense

• Energy

• Medical

• Others

Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o Russia

o UK

o France

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Indonesia

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o KSA

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[kristinahertzz]

Automotive Magnetic Products Market

Automotive Magnetic Products Market Size, Share, Trends: Hitachi Metals, Ltd. Lead

Increasing Adoption of Rare-Earth Magnets in Automotive Applications Drives Market Growth

Market Overview:

The Automotive Magnetic Products Market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market value is expected to increase from USD XX billion in 2024 to USD YY billion by 2031. Asia-Pacific is anticipated to be the dominant region in this market. Key metrics include the increasing adoption of electric vehicles, rising demand for advanced driver assistance systems (ADAS), and growing focus on vehicle electrification. The market is experiencing robust growth driven by technological advancements in magnetic materials and the automotive industry's shift towards more efficient and sustainable solutions.

DOWNLOAD FREE SAMPLE

Market Trends:

The automotive magnetic products market is undergoing a significant shift towards the use of rare-earth magnets, notably neodymium-iron-boron (NdFeB). These magnets offer excellent magnetic properties, such as high remanence and coercivity, making them ideal for a wide range of automotive applications, including electric motors, sensors, and actuators. The automobile sector is driving the trend by emphasizing vehicle performance, efficiency, and weight reduction. Rare-earth magnets enable the development of more compact and powerful electric motors, which contribute to the electrification of automobiles and the advancement of hybrid and electric vehicle technologies.

Market Segmentation:

Permanent magnets are projected to maintain their dominance in the automotive magnetic products market due to their vital role in many vehicle systems. These magnets offer high magnetic strength, stability, and efficiency, making them important in electric motors, sensors, and actuators. The growing use of electric and hybrid vehicles is boosting demand for permanent magnets, particularly neodymium-iron-boron (NdFeB). These magnets are necessary for the production of high-performance electric traction motors, which form the basis of EV powertrains.

Recent technological breakthroughs have underlined the increasing importance of permanent magnets in the automotive industry. For example, large manufacturers have made enormous investments to protect their rare-earth magnet supply chains. In 2023, a major European automaker formed a strategic relationship with a rare-earth mining company to ensure a consistent supply of magnetic materials for its growing EV manufacturing line.

Market Key Players:

Hitachi Metals, Ltd.

TDK Corporation

Magnequench International, LLC

Arnold Magnetic Technologies

Ningbo Yunsheng Co., Ltd.

Vacuumschmelze GmbH & Co. KG

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[amrutatbrc1]

Permanent Magnet Motor Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The permanent magnet motor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Permanent Magnet Motor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The permanent magnet motor market size has grown strongly in recent years. It will grow from $41.41 billion in 2023 to $45.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to an increase in the number of new households, growing adoption in the automotive sector, an increase in machine efficiency, an increase in the demand for automobiles, and an increasing demand for energy-efficient motors. The permanent magnet motor market size is expected to see strong growth in the next few years. It will grow to $66.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to an increase in production costs, increasing motor efficiency due to permanent magnets, rising demand for permanent magnet motors (PMM), increasing use of PMDC engines in electric vehicles, and an increase in passenger as well as commercial vehicle sales. Major trends in the forecast period include technological advancements, technologically advanced solutions, product innovations, advancements in motor design and manufacturing techniques, and innovations and investments in research and development.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/permanent-magnet-motor-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The growing adoption of electric vehicles is expected to propel the growth of the permanent magnet motor market going forward. Electric vehicles are automobiles powered entirely or partially by electricity stored in rechargeable batteries rather than by internal combustion engines. The growth of electric vehicles is due to rising environmental awareness, government incentives, advancements in battery technology, and increasing consumer demand for sustainable transportation solutions. Permanent magnet motors are integral to electric vehicles, offering benefits such as high efficiency, compact size, and reduced maintenance, all of which contribute to better overall vehicle performance and efficiency. For instance, in May 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization, in 2022, electric vehicle (EV) sales surged by 55%, totaling 10.5 million units, as reported by the EV Volumes sales database. Therefore, the growing adoption of electric vehicles is driving the growth of the permanent magnet motor market.

Market Trends - Major companies operating in the permanent magnet motor market are focused on developing innovative products such as brushed permanent magnet DC motors to enhance their product offerings, improve energy efficiency, and meet the growing demand for reliable, cost-effective solutions in various applications, such as automotive, industrial automation, and consumer electronics. Brushed permanent magnet DC (PMDC) motors are a type of electric motor that uses permanent magnets to create the magnetic field required for operation, and they employ brushes to transfer current to the rotor. For instance, in June 2023, Delta Line, a Switzerland-based company specializing in permanent magnet motors, launched high torque capacity Brushed Permanent Magnet DC motors including 42D1, 52D1, and 63D1. These motors are designed to operate in harsh environmental conditions, featuring an IP54 protection rating and F insulation class, which enhances their durability. This offers customization options even for small and medium volume requests, including shaft or flange designs and special windings variations.

The permanent magnet motor market covered in this report is segmented –

1) By Type: Permanent Magnet Alternating Current (PMAC), Permanent Magnet Direct Current (PMDC), Brushless Direct Current (DC) Motors 2) By Power Rating: Up To 25KW, 25-100kW, 100-300KW, 300KW And Above 3) By Application: Automotive, Industrial, Consumer Electronics, Aerospace And Defense, Energy And Power Generation, Healthcare 4) By End User: Industrial, Commercial, Residential

Get an inside scoop of the permanent magnet motor market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=19643&type=smp

Regional Insights - Asia-Pacific was the largest region in the permanent magnet motor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the permanent magnet motor market are Robert Bosch GmbH, Siemens AG, General Electric Co., Denso Corporation, ABB Limited, Toshiba Corporation, Valeo SA, Emerson Electric Co., Parker Hannifin Corporation, Nidec Corporation, Rockwell Automation Inc., MinebeaMitsumi Inc., Ametek Inc., WEG S.A., Yaskawa Electric Corp., Johnson Electric Holdings Ltd., Wolong Electric Co. Ltd., Buhler Motors GmbH, Bonfiglioli Group, Aerotech Corporation, Sinotech Group Inc.

Table of Contents 1. Executive Summary 2. Permanent Magnet Motor Market Report Structure 3. Permanent Magnet Motor Market Trends And Strategies 4. Permanent Magnet Motor Market – Macro Economic Scenario 5. Permanent Magnet Motor Market Size And Growth ….. 27. Permanent Magnet Motor Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info

Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

[vikassagaar]

🌍 𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 ��𝗳 𝘁𝗵𝗲 𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗠𝗮��𝗻𝗲𝘁 𝗠𝗼𝘁𝗼𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 🚀

IndustryARC™ updated the market research study on “𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗠𝗮𝗴𝗻𝗲𝘁 𝗠𝗼𝘁𝗼𝗿 𝗠𝗮𝗿𝗸𝗲𝘁” Forecast (2024-2032)

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://lnkd.in/gewAfTub

The Permanent Magnet Motor (PMM) market is revolutionizing industries, offering higher efficiency, compact design, and sustainability. With applications spanning from electric vehicles to industrial automation and renewable energy, the market is poised for exponential growth.

𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

🌍 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆

Permanent magnet motors are increasingly in demand due to their high energy efficiency and reduced carbon footprint. Industries worldwide are embracing these motors to align with green energy initiatives and stricter environmental regulations. Their ability to minimize energy loss makes them ideal for eco-friendly solutions.

🏭 𝗥𝗶𝘀𝗶𝗻𝗴 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗶𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻

The surge in industrial automation has boosted the adoption of permanent magnet motors in applications such as robotics, conveyors, and CNC machines. These motors provide high torque and precise control, making them essential for modern, automated manufacturing systems.

🚗 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 (𝗘𝗩) 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀

Permanent magnet motors are central to the EV revolution, offering lightweight and high-power solutions for vehicles. Their compact design and efficiency help enhance driving range and performance, making them a preferred choice for automakers globally.

𝐆𝐞𝐭 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨: https://lnkd.in/gNgZd4EP

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Siemens| GE) | ABB | Nidec Conversion | Mitsubishi Electric. | Toshiba Corporation | Hitachi | Bosch | WEG | Johnson Electric | Rolls-Royce | Dyson | GKN Automotive | Johnson Matthey | BAE Systems

Cambridge Motorics | Ultra Electronics Group| Meggitt | Oxford Instruments plc

✨ (𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐟 𝟏𝟎𝟎𝟎$ 𝐨�� 𝐚𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬 | 𝐔𝐬𝐞 𝐂𝐨𝐝𝐞: 𝐅𝐋𝐀𝐓𝟏𝟎𝟎𝟎 𝐚𝐭 𝐜𝐡𝐞𝐜𝐤𝐨𝐮𝐭) https://lnkd.in/gy2wsfmn