The global permanent magnets market size was valued at USD 19.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2022 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.
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global permanent magnets market report on the basis of material, application, and region:
Global NdFeB magnets Market 2019: Segmentation, Share, Trends, Size and Forecast Research Report
Dallas, Texas, April 25, 2019 (GLOBE NEWSWIRE) -- The global permanent magnet market is rising with rapid growth over the forecast period reaching nearly USD 36.44 billion by 2025, on account of increasing demand from automotive and electronic industry owing to its smaller size and super strong magnetic property that helps it to fit in small spaces and reduce the size of the component.
The global permanent magnets market report provides an estimation of the permanent magnets market comprising technologies, drivers, opportunities, restraints, value chain analysis, regulatory framework, Porters Five Forces analysis, and vendor landscape analysis.
The global neodymium market size was valued at USD 2.07 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. The market is anticipated to be driven by the increasing usage of permanent magnets in the automotive industry. Neodymium-iron-boron (NdFeB) is of vital significance in electric motors, which are further used in electric vehicles (EVs) and wind energy-related applications. The growing focus on alternative energy has augmented the demand for wind energy and EVs, which, in turn, is boosting the market growth.
This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global neodymium market report on the basis of application, end-user, and region:
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the NdFeB Magnets market in 2020.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.This report also analyses the impact of Coronavirus COVID-19 on the NdFeB Magnets industry.Based on our recent survey, we have several different scenarios about the NdFeB Magnets YoY growth rate for 2020. The probable scenario is expected to grow by ain 2020 and the revenue will be in 2020 from USD million in 2019. The market size of NdFeB Magnets will reach in 2026, with a CAGR from 2020 to 2026.With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global NdFeB Magnets market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global NdFeB Magnets market in terms of both revenue and volume.Players, stakeholders, and other participants in the global NdFeB Magnets market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.Sales and Pricing AnalysesReaders are provided with deeper sales analysis and pricing analysis for the global NdFeB Magnets market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.Regional and Country-level AnalysisThe report offers an exhaustive geographical analysis of the global NdFeB Magnets market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.Competition AnalysisIn the competitive analysis section of the report, leading as well as prominent players of the global NdFeB Magnets market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global NdFeB Magnets market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global NdFeB Magnets market.
Region Wise the global trend, this report is segmented into several key regions, with sales, revenue, market share, and growth Rate of NdFeB Magnets in these regions, from 2023 to 2026, covering
This report focuses on Europium volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Europium market size by analyzing historical data and future prospects.
- The global Inorganic Scintillators market size was valued at USD 249.9 Million in 2019 and it is expected to reach USD 355.3 Million by the end of 2026, growing at a CAGR of 5.1% during the forecast period 2021-2026.
- The global Permanent Magnets market size was valued at USD 3383.8 Million in 2019 and it is expected to reach USD 3580.2 Million by the end of 2026, growing at a CAGR of 0.8% during the forecast period 2021-2026.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Permanent magnets, Metal alloys, Catalysts, Polishing powder, and Others), Type (Light rare earth elements, Heavy rare earth elements, and Other element types), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
The scope of the report includes different types of permanent magnet motors based on the motor type, magnetic material type, and their applications. The study also tracks key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The scope of the report encompasses market sizing and forecasts for segmentation by motor type (direct current motor, alternating current motor), magnetic material type (ferrite, neodymium, samarium cobalt), end-user vertical (general industrial, automotive, energy, water and wastewater management, mining, oil, and gas, aerospace, and defense), and geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
In-depth industry statistics and market share insights of the Permanent Magnet Motor sector for 2020, 2021, and 2022. The Permanent Magnet Motor research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Permanent Magnet Motor report PDF. 2ff7e9595c
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