Permanent Magnet Market forecast: Energy generation application growing at 10% CAGR from 2016 -2024 - PowerPoint PPT Presentation

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Permanent Magnet Market forecast: Energy generation application growing at 10% CAGR from 2016 -2024

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Permanent Magnet Market - Energy generation segment is estimated to grow at over 10% CAGR to reach a revenue of USD 6.5 billion by the end of the forecast period. – PowerPoint PPT presentation

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Title: Permanent Magnet Market forecast: Energy generation application growing at 10% CAGR from 2016 -2024


1
Permanent Magnet Market Robust Growth in
Automotive Industry 2016 To 2024
2
Table of Contents-
  • Methodology Scope
  • Executive Summary
  • Permanent Magnet Industry Insights
  • Permanent Magnet Industry Product Insights
  • Permanent Magnet Industry Application Insights
  • Permanent Magnet Industry Regional Insights
  • Company Profiles
  • 146 Tables
  • 14 Figures Detailed Table of
    contents _at_
  • https//www.gminsights.com/toc/detail/permanent-ma
    gnet-market

3
Global Market Scenario of Permanent Magnet
Industry
  • Flourishing automotive industry was a major
    reason for growth in 2015. Permanent Magnet
    Market size is slated to exceed USD 50 billion by
    the end of 2024 according to a new research
    report by Global Market Insights, Inc.
  • Automotive production has witnessed a steady rise
    in the past five years from 80 million units in
    2011 to around 91 million units in 2015 owing to
    increasing GDP and enhanced lifestyle of people
    throughout the world.
  • Wind energy has come up to be a prominent
    renewable source of energy with a total installed
    capacity of over 400 gigawatts all around the
    globe, and more than 200 gigawatts been installed
    since 2010. Permanent magnet market size in the
    energy generation sector will increase
    substantially in the near future as the UN has
    aimed at 100 emission free energy generation by
    the end of 2050.

4
Request sample copy of report_at_
https//www.gminsights.com/request-sample/detail/1
113
5
Continue.....
  • Growing application of light weight and strong
    products in the personal cars and other
    commercial vehicles production will influence the
    permanent magnet market positively.
  • Development of low cost manufacturing processes
    is also likely to propel the permanent magnet
    market up to 2024. Investments for innovative
    production lines and development of new materials
    such as nitride compounds or SmFeN based products
    influenced by the Concerted European Action on
    Magnets (CEAM) will have a positive influence
    throughout the forecast span. RD on miniature
    sized products using rare-earth based products
    will steer the growth.
  • High price of rare earth metals used for
    production, such as neodymium, dysprosium, and
    samarium, may restrain the permanent magnet
    market growth. With almost all the rare-earth
    mines located in China, the import cost shoots up
    in the European and North American countries.
    Strict government norms regarding the harms
    caused by rare-earth metals mining may also
    hinder the growth.

View Summery of Report_at_ https//www.gminsights.com
/industry-analysis/permanent-magnet-market
6
Regional Analysis-
  • China has more than 95 of the world rare earth
    reserve, making Asia Pacific a key manufacturer
    of rare earth based products with several small
    and medium level companies. APAC permanent magnet
    market will also have a remarkable growth, owing
    to its high production capacity of automobiles,
    electronic products, as well as wind energy. Asia
    Pacific has close to 50 of the total share.
  • North America recorded around USD 4 billion in
    2015 and will gain by over 9 CAGR. The growth
    will likely be on the account of the U.S.
    passenger cars and commercial vehicle production
    crossing 12 million in 2015.
  • The permanent magnet market competitive landscape
    is fragmented due to the presence of several
    small and medium level manufacturing companies.
    Principal participating companies are Hitachi
    Metals, TDK Corporation, Hangzhou Group, Adams
    Magnetic Products, Electron Energy Corp, Arnold
    Magnetic Technologies, etc.
  • Request sample copy _at_
  • https//www.gminsights.com/request-sample/detail/
    1113


7

Latest Research Report On Permanent Magnet Market
Research Report_at_ https//www.gminsights.com/indus
try-analysis/permanent-magnet-market Request
Sample copy of this report_at_ https//www.gminsight
s.com/request-sample/detail/1113 For
Customization in this report click_at_ https//www.gm
insights.com/roc/1113
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You
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