The global demand for Magnetic Application Equipment Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX K Units in 2020 and forecast to touch XX K Units by 2027 with a CAGR of XX% during 2021-2027.
Magnetic application equipment makes use of the attractive or repelling force of the magnet, converts mechanical energy to electrical energy, uses the magnetic field of the magnet to direct, shape, and control electron or ion beams, and convert electrical energy to mechanical energy. Such equipment includes magnetic separators, magnetic holding devices, magnetic torque drives, magnetic bearing devices, magnetos, generators and alternators, motors, loudspeakers, magnetic focused cathode-ray tubes, and many more.
Magnet serves many unique needs in industrial equipment. They are essential to enabling technologies of industries. Magnets are highly advantageous for separation and operation. The growing trend of electrification and modernization to improve efficiencies and reduce the cost of products enhances magnetic application equipment in various industries. The emergence of new technologies and equipment making use of magnets presents ample market opportunities. Growing penetration of consumer appliances using magnets such as refrigerators, vacuum cleaners, lawnmowers, and garden tractors, increasing automation across manufacturing and processing industries, and vehicle electrification and automation in automotive industries also paves the demand for magnetic application equipment. However, other superior performing non-magnetic technologies such as pneumatic and hydraulic machines hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of magnetic application equipment. The growth and trends of Magnetic Application Equipment Industry provide a holistic approach to this study.
This section of the magnetic application equipment market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Iron Remover
- Magnetic Separator
- Lifting Magnetic Equipment
This section covers the regional outlook, which accentuates current and future demand for the Magnetic Application Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Magnetic Application Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnetic application equipment market include ABB, Shenyang Longji Electromagnetic Technology, Huate Magnet, Ganzhou Jinhuan Magnetic Separation Equipment, STEINERT, KMD, Hunan Zhongke Electric, ERGA, Eriez Manufacturing Co, Zhenjiang Electromagnetic Equipment Factory, and Innovative Magnetic Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.