Global Magnetic Refrigeration Market accounted to USD 6 billion in 2016 growing at a CAGR of 98.8% during the forecast period of 2017 to 2024

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Magnetic Refrigeration Market
Global Magnetic Refrigeration Market 2018 -
Industry Trends and Forecast to 2024
Global Magnetic Refrigeration Market accounted to
USD 6 billion in 2016 growing at a CAGR of 98.8
during the forecast period of 2017 to 2024. The
upcoming market report contains data for historic
years 2015, the base year of calculation is 2016
and the forecast period is 2017 to 2024.
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Report Description
Global Magnetic Refrigeration Market, By Product
refrigeration systems (Refrigerators, Cabinet
Display Freezers, Beverage Coolers, Ice Cream
Cabinets), Air Conditioning Systems (Stationary
Air Conditioners, Mobile Air Conditioners,
Chillers), Heat Pumps By Application Domestic,
Commercial, Transportation(Logistics, Automotive,
Aerospace, Marine), Industrial(Food Beverage
Processing and Storage, Healthcare), By Geography
(North America, Europe, Asia-Pacific, Europe,
South America, Middle East and Africa) Industry
Trends and Forecast to 2024.
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Market Drivers Restraints

• Low energy consumption by magnetic refrigeration
  systems
• Alternative to air conditioners and heat pumps
• Increasing focus on green technology
• Low awareness
• High cost of equipment

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Market Segmentation
On the basis of Product, the Magnetic
Refrigeration Market is segmented into
refrigeration systems, Air Conditioning Systems
and heat pumps. On the basis of application the
Magnetic Refrigeration Market is segmented into
Residential Domestic, Commercial, Transportation
and industrial.
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Top Key Companies

• Cooltech Applications
• Camfridge Ltd
• Astronautics Corporation of America
• Whirlpool Corporation
• Qingdao Haier Co. Ltd.
• BASF SE
• Eramet S.A.
• Samsung Electronics Co., Ltd
• Toshiba Corporation
• VACUUMSCHMELZE GMBH CO. KG
• Sigma-Aldrich Corporation
• GE,.

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