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

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Permanent Magnet Market Robust Growth in
Automotive Industry 2016 To 2024
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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

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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.

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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
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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.
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• https//www.gminsights.com/request-sample/detail/
  1113

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