Wherein the permanent magnets are kept permanently magnetic material. In other words, they exhibit magnetic properties even if they are removed from the magnetic field. Permanent magnets can be divided into earth, ferrite, aluminum - nickel - cobalt (alnico), and other magnets. Rare earth magnets can be further subdivided into neodymium - iron - boron (NdFeB) and samarium - cobalt (SmCo) magnets. Permanent magnets in a wide range of applications, including home appliances, electronics and medical equipment, power generation equipment, automobiles and other uses.
The analysts forecast the Global Permanent Magnets market will grow at a CAGR of 8.42 percent over the period 2013-2018.
The Global Permanent Magnets market can be divided into four segments: Ferrite, NdFeB, SmCo, and Alnico. These are the major sets of products for power cables.
The report, the Global Permanent Magnets Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, and the APAC region; it also covers the Global Permanent Magnets market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Global Permanent Magnets market is focusing on developing innovative and modified permanent magnets to meet the requirements of end-users. The key manufacturers are developing permanent magnets with high energy density (power density > 4 Kw/L), high power (specific power >1.4 Kw/Kg), high efficiency (efficiency >94 percent), high temperature tolerance (150-200 degree Celsius), and long lifetime (15 years). These innovations and modifications are much needed to reduce the overall operational costs. The main reason for such innovations is price instability and supply shortage.
According to the report, one of the main factors is the increasing need for permanent magnets for existing and emerging industrial applications. The demand for permanent magnets is expected to increase with the increasing growth of industries such as Medical Technology, Automotive, Aerospace and Defense, Consumer Electronics, and Energy.
Further, the report states that one of the main challenges in this market is the volatility in the cost of raw materials. Shortage in the supply of raw materials such as neodymium, praseodymium, and dysprosium is the main reason for cost fluctuation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
Hitachi Metals Ltd.
Shin-Etsu Chemical Co. Ltd.
Chengdu Galaxy Magnets Co. Ltd.
Daido Steel Co. Ltd.
JPMF Guangdong Co. Ltd.
Ningbo Yunsheng Co. Ltd.
Vacuumschmelze GmbH & Co KG