A permanent magnet is an entity which is designed by ferromagnetic material, which uses a strong magnetic field to magnetize. Permanent magnet retains its magnetic properties in absence of an inducing field or current. High-quality permanent magnet forms a high magnetic field with low mass and stable against the influences which would demagnetize it. Growing adoption of permanent magnet for manufacturing high-performance products such as radar arrays, door actuators, fluid flow meters, and braking systems in aircraft is anticipated to drive growth of the global market over the estimate period. In addition, increasing preference towards magnetic systems for manufacturing products in space application such as in jets and military helicopters is another important factor projected to fuel growth of the target market. Furthermore, technological advancements in product manufacturing process with cost-effective methods such as hydrogen decrepitation and powder method and increasing adoption of permanent magnet in medical imaging devices are expected to support development of this market in the near future.
The Permanent Magnet Market is expected to be around US$ 34 billion by 2027 at a CAGR of 8.8%
On the basis of End-Use Industry, the global Permanent Magnet market is segregated as Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy. Global Permanent Magnet market is segmented based on the Type as, Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet. Global Permanent Magnet market is segmented based on the Component as Wires, Connectors.
Global Permanent Magnet market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Permanent Magnet market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Permanent Magnet market manufacturers. The revenue generated from the sales of Permanent Magnet manufacturer has been calculated through primary and secondary research.
The market size estimation also considered leading players revenues as part of triangulation the key players considered 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.), Bunting Magnetics Co. (U.S.). Availability Services among others operating in the Permanent Magnet market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.
The Permanent Magnet Market has been segmented as below:
Permanent Magnet Market, By End-Use Industry
Permanent Magnet Market, By Type
Permanent Magnet Market, By Region
Report scope:
The global Permanent Magnet market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1. Secondary Research
2.3.2. Primary Research
2.3.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
3. Executive Summary
4. Permanent Magnet Market, By End-Use Industry
4.1. Key Points
4.2. Environment & Energy
4.2.1. Market Overview
4.2.2. Market Size & Forecast
4.3. Aerospace & Defense
4.3.1. Market Overview
4.3.2. Market Size & Forecast
4.4. Others
4.4.1. Market Overview
4.4.2. Market Size & Forecast
4.5. Consumer Electronics
4.5.1. Market Overview
4.5.2. Market Size & Forecast
4.6. General Industrial
4.6.1. Market Overview
4.6.2. Market Size & Forecast
4.7. Automotive
4.7.1. Market Overview
4.7.2. Market Size & Forecast
4.8. Medical Technology
4.8.1. Market Overview
4.8.2. Market Size & Forecast
5. Permanent Magnet Market, By Type
5.1. Key Points
5.2. Alnico Magnet
5.2.1. Market Overview
5.2.2. Market Size & Forecast
5.3. Others
5.3.1. Market Overview
5.3.2. Market Size & Forecast
5.4. Neodymium Iron Boron Magnet
5.4.1. Market Overview
5.4.2. Market Size & Forecast
5.5. Ferrite Magnet
5.5.1. Market Overview
5.5.2. Market Size & Forecast
5.6. Samarium Cobalt Magnet
5.6.1. Market Overview
5.6.2. Market Size & Forecast
6. Permanent Magnet Market, By Region
6.1. North America
6.1.1. North America Permanent Magnet Market, By End-Use Industry
6.1.2. North America Permanent Magnet Market, By Type
6.1.3. By Country
6.1.3.1. U.S
6.1.3.2. Canada
6.1.3.3. Mexico
6.2. Europe
6.2.1. Europe Permanent Magnet Market, By End-Use Industry
6.2.2. Europe Permanent Magnet Market, By Type
6.2.3. By Country
6.2.3.1. U.K
6.2.3.2. Germany
6.2.3.3. Italy
6.2.3.4. France
6.2.3.5. Rest of Europe
6.3. Asia Pacific
6.3.1. Asia Pacific Permanent Magnet Market, By End-Use Industry
6.3.2. Asia Pacific Permanent Magnet Market, By Type
6.3.3. By Country
6.3.3.1. China
6.3.3.2. Australia
6.3.3.3. Japan
6.3.3.4. South Korea
6.3.3.5. India
6.3.3.6. Rest of Asia Pacific
6.4. Rest of World
6.4.1. Rest of World Permanent Magnet Market, By End-Use Industry
6.4.2. Rest of World Permanent Magnet Market, By Type
The Permanent Magnet Market has been segmented as below:
Permanent Magnet Market, By End-Use Industry
Permanent Magnet Market, By Type
Permanent Magnet Market, By Region
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