Press release
Permanent Magnet MarketGrowth, Opportunities, Leading Manufacturers, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029
The Permanent Magnet market is expected to expand due to rising demand for electric vehicles, renewable energy, and electronics. Key regions for growth include Asia-Pacific, North America, and Europe, driven by industrial, automotive, and green tech investments.
The permanent magnet market [https://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket] is projected to grow from USD 53.5 billion in 2024 to USD 80.4 billion by 2029, at a CAGR of 8.5% during the forecast period. The permanent magnet has a wide range of applications such as motors, generators, sensors, actuators, medical devices, loudspeakers, mobile devices and other applications. The growing demand for consumer electronics is driving the growth of permanent magnet market across the globe. Global shift towards electric vehicles and hybrid vehicles in automotive industry is driving the demand for permanent magnets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=806 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
In comparison to traditional magnets, permanent magnets offer raw magnetic strength and compactness. They are available in variety of sizes and grades. These magnets possess high coercivity, high retentivity, high remanence and maximum energy product. Another advantage is that permanent magnets offer excellent stability, rigidity, moisture absorption and resistance to corrosion. They generally require low maintenance as compared to traditional magnets. Due to these properties, they are widely used in consumer electronics, offering various electronic devices such as smartphones, earbuds, loudspeakers and more.
Some of the major manufacturers operating in the permanent magnet industry [https://www.marketsandmarkets.com/ResearchInsight/permanent-magnet-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket] are Proterial, Ltd. (Japan), Arnold Magnetic Technologies (US), TDK Corporation (Japan), Yantai Dongxing Magnetic Materials Inc. (China), Shin-Etsu Chemical Co., Ltd. (Japan), Electron Energy Corporation (US), Adams Magnetic Products, LLC (US), Bunting Magnetics Co. (US), Tengam Engineering, Inc. (US), Ningbo Yunsheng Co., Ltd. (China), Chengdu Galaxy Magnets Co., Ltd. (China), Goudsmit Magnetics (Netherlands), Eclipse Magnetics (UK), Dexter Magnetic Technologies (US),and Earth Panda Advance Magnetic Material Co., Ltd. (China).
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=806 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
Many of the major players in the past few years have been adopting various growth strategies to strengthen their position in the global permanent magnet market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research and development activities aiming to expand their market presence in the permanent magnet market even further.
Proterial, Ltd. (Japan)
Proterial, Ltd., is leading Japanese company that deals in manufacturing of high-performance materials. The company operates under various business segments such as Specialty steel, Roll, Automotive casting, Piping components, Magnetic materials, Power electronics materials, Electric wire & cable, and Automotive components. The company is top leading manufacturer of high-performance permanent magnets. The company has strong foothold in North America, Europe and the Asia Pacific region.
Arnold Magnetic Technologies (US)
Arnold Magnetic Technologies is one of the top leading manufacturers of high-performance permanent magnets, flexible composites, electromagnets, magnetic assemblies and precision thin materials. The company provides high quality and high-performance permanent magnets that are used in wide range of end-use industries such as Aerospace & Defense, Oil & Gas, Industrial, Motors & Motion Control, Electric & Hybrid Motors, Motorsports, Medical Devices, Alternative Energy, and Consumer Electronics. Arnold Magnetic Technologies is spread across globally and maintains its geographical presence in North America, Europe and the Asia Pacific region.
Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=806 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=permanent-magnet-marketgrowth-opportunities-leading-manufacturers-trends-key-segmentation-regional-analysis-and-forecast-to-2029]
Phone: 18886006441
Address:1615 South Congress Ave Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html
The permanent magnet market [https://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket] is projected to grow from USD 53.5 billion in 2024 to USD 80.4 billion by 2029, at a CAGR of 8.5% during the forecast period. The permanent magnet has a wide range of applications such as motors, generators, sensors, actuators, medical devices, loudspeakers, mobile devices and other applications. The growing demand for consumer electronics is driving the growth of permanent magnet market across the globe. Global shift towards electric vehicles and hybrid vehicles in automotive industry is driving the demand for permanent magnets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=806 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
In comparison to traditional magnets, permanent magnets offer raw magnetic strength and compactness. They are available in variety of sizes and grades. These magnets possess high coercivity, high retentivity, high remanence and maximum energy product. Another advantage is that permanent magnets offer excellent stability, rigidity, moisture absorption and resistance to corrosion. They generally require low maintenance as compared to traditional magnets. Due to these properties, they are widely used in consumer electronics, offering various electronic devices such as smartphones, earbuds, loudspeakers and more.
Some of the major manufacturers operating in the permanent magnet industry [https://www.marketsandmarkets.com/ResearchInsight/permanent-magnet-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket] are Proterial, Ltd. (Japan), Arnold Magnetic Technologies (US), TDK Corporation (Japan), Yantai Dongxing Magnetic Materials Inc. (China), Shin-Etsu Chemical Co., Ltd. (Japan), Electron Energy Corporation (US), Adams Magnetic Products, LLC (US), Bunting Magnetics Co. (US), Tengam Engineering, Inc. (US), Ningbo Yunsheng Co., Ltd. (China), Chengdu Galaxy Magnets Co., Ltd. (China), Goudsmit Magnetics (Netherlands), Eclipse Magnetics (UK), Dexter Magnetic Technologies (US),and Earth Panda Advance Magnetic Material Co., Ltd. (China).
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=806 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
Many of the major players in the past few years have been adopting various growth strategies to strengthen their position in the global permanent magnet market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research and development activities aiming to expand their market presence in the permanent magnet market even further.
Proterial, Ltd. (Japan)
Proterial, Ltd., is leading Japanese company that deals in manufacturing of high-performance materials. The company operates under various business segments such as Specialty steel, Roll, Automotive casting, Piping components, Magnetic materials, Power electronics materials, Electric wire & cable, and Automotive components. The company is top leading manufacturer of high-performance permanent magnets. The company has strong foothold in North America, Europe and the Asia Pacific region.
Arnold Magnetic Technologies (US)
Arnold Magnetic Technologies is one of the top leading manufacturers of high-performance permanent magnets, flexible composites, electromagnets, magnetic assemblies and precision thin materials. The company provides high quality and high-performance permanent magnets that are used in wide range of end-use industries such as Aerospace & Defense, Oil & Gas, Industrial, Motors & Motion Control, Electric & Hybrid Motors, Motorsports, Medical Devices, Alternative Energy, and Consumer Electronics. Arnold Magnetic Technologies is spread across globally and maintains its geographical presence in North America, Europe and the Asia Pacific region.
Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=806 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=806&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=permanentmagnetmarket]
About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=permanent-magnet-marketgrowth-opportunities-leading-manufacturers-trends-key-segmentation-regional-analysis-and-forecast-to-2029]
Phone: 18886006441
Address:1615 South Congress Ave Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html
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