Permanent Magnet Global Market Report 2024

Global Permanent Magnet Market Report 2024

Permanent Magnet Global Market Report 2024 – By Type (Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets), By Sales Channel Type (Direct Sales, Distributors), By End-Use (General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Consumer Electronics) – Market Size, Trends, And Global Forecast 2024-2033

Name: Permanent Magnet Global Market Report 2024
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Permanent Magnet Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 200 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Permanent Magnet Market Definition

A permanent magnet refers to a piece of magnetized material used in various types of electronic products that generates a strong magnetic field on its own and preserves its magnetic characteristics in the absence of a magnetizing force, such as a current or an inducing field.

The main types of permanent magnets are ferrite magnets, samarium cobalt magnets, alnico magnets, and neodymium iron boron magnets. The ferrite magnet is a chemical combination made up of ceramic materials and iron oxide. They are commonly used in transformers, electronic inductors, and electromagnets due to their wide availability and affordability. The various sales channel used in the permanent magnet is direct sales and distributors. Permanent magnets are used by end-users such as general industrial, automotive, medical technology, environment & energy, aerospace &defense, and consumer electronics.

Permanent Magnet Market Segmentation

The permanent magnet market covered in this report is segmented –

1) By Type: Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets

2) By Sales Channel Type: Direct Sales, Distributors

3) By End-Use: General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Consumer Electronics

Global Permanent Magnet Market Size 2023 to 2028: Graph

Permanent Magnet Market Size 2024 And Growth Rate

The permanent magnet market size has grown rapidly in recent years. It will grow from $33.91 billion in 2023 to $38.31 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to electronics and it industry growth, rise in demand from consumer electronics, government policies and regulations, industrial automation, focus on clean energy initiatives.

Permanent Magnet Market Growth Forecast

The permanent magnet market size is expected to see rapid growth in the next few years. It will grow to $60.08 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to electric vehicle market expansion, increasing demand for smart devices, expansion of industrial robotics, growing demand for permanent magnet generators, increasing focus towards wind energy. Major trends in the forecast period include magnetic levitation technology, development of rare earth-free magnets, miniaturization of electronic devices, customization and design flexibility, magnetic refrigeration.

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Permanent Magnet Market Driver: Rising Demand For Permanent Magnets In The Automotive Industry Fuels The Market

The increasing demand for automobile applications is expected to propel the growth of the permanent magnet market. Permanent-magnet motors are most commonly used in variable-speed drives, in which the stator is powered by a variable-frequency, variable-voltage, electronically controlled source. For instance, in December 2021, in India, the total number of electric vehicle sales was reported to be 50,866 units resulting in a 240% jump from the previous year. Moreover, in 2021, Norway, recorded a sale of 176,276 cars with 65% electric cars resulting in a 54% rise. Therefore, the increasing demand for automobile applications is driving the growth of the permanent magnet market.

Permanent Magnet Market Driver: Consumer Electronics Driving Growth In The Permanent Magnet Market

The increasing demand for consumer electronics is expected to propel the growth of the permanent magnet market going forward. Consumer electronics refers to electronic devices and gadgets intended for everyday use by individuals, households, and businesses which are designed for personal entertainment, communication, and productivity purposes. The use of permanent magnets in consumer electronics contributes to the efficiency, reliability, and overall performance of these devices while also offering benefits in terms of size, durability, and sustainability. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, in 2022, LG earned its highest annual revenue ever, an increase of 12.9% from 2021. The revenue for the LG Home Appliance & Air Solution Company in 2022 was $22.5 billion, an increase of 10.3% from 2021. Therefore, the increasing demand for consumer electronics is driving the growth of permanent magnet.

Global Permanent Magnet Market Major Players

Major companies operating in the permanent magnet market report are Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi Ltd., Asea Brown Boveri, Robert Bosch GmbH, Meidensha Corp., Continental AG, Alstom SA, Broad-Ocean Motor Co. Ltd., Xizi Forvorda ELECTRICAL MACHINERY CO. LTD., DRS Technologies Pvt. Ltd., Emerson Electric Co., Johnson Electric Holdings Limited, Leonardo DRS, Nidec Motor Corporation, Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corp., Tokyo Denki Kagaku Kogyo, Shin-Etsu Chemical Co. Ltd., Electron Energy Corporation, Adams Magnetic Products Co. Inc., Bunting Magnetics Co., Tengam Engineering Inc., Yantai Shougang Magnetic Materials Inc., Chengdu Galaxy Magnets Co. Ltd., Goudsmit Magnetics Ltd., Eclipse Magnetics Ltd., MagnaWorks Technology Inc., Dura Magnetics Inc., Daido Steel Co. Ltd., Hengdian Group DMEGC Magnetics Co. Ltd., Ningbo Vastsky Magnet Co. Ltd.

Global Permanent Magnet Market Trend: Revolutionizing Charging Solutions Through The Rise Of Technological Transitions In The Permanent Magnet Market

The technological transition is a key trend gaining popularity in the permanent magnet market. Technological transition is a method of movement of data, designs, inventions, materials, software, technical expertise, or trade secrets from one organization to another or from one purpose to another. For instance, in December 2021, Max Stand, an Italy-based company that specializes in the design and creation of exhibition stands, launched a third-party charger for Apple Airpods Max. The magnets double as a charger and a connection between the batteries. Although the AirPods Max has a lightning port on the bottom, the Max Stand substitutes it with a MagSafe-style charging solution that uses a tiny magnetic charging connector that fits inside the Lightning port of the AirPods Max. When the headphones are properly positioned, they magnetically dock within the Max Stand and begin charging as soon as the magnets align.

Global Permanent Magnet Market Trend: Increasing Use Of Permanent Magnets In Onshore Wind Turbine

Major companies operating in the permanent magnet market are focusing on developing permanent magnets for onshore wind turbine to drive revenues in their market. An onshore wind turbine is a large structure equipped with blades that rotate when exposed to the wind which are placed on land, as opposed to offshore wind turbines. For instance, in September 2022, Enercon GmbH, a Germany-based manufacturer of wind turbines, launched 6MW onshore wind turbine with permanent magnet generator. The E-175 EP5, a new turbine model features a 175-meter-diameter rotor and a nominal capacity of 6 megawatts. The wind energy conversion system (IEC wind class S) is intended for low- to medium-wind locations. The new model has an e-nacelle with integrated state-of-the-art electrical technologies for optimal integration with electrical energy networks and faster on-site installation. Together with Enercon's longest-ever blade (86 meters), it also makes use of the tried-and-true low-maintenance Enercon direct drive principle.

Permanent Magnet Market Merger And Acquisition: Bunting Expands Magnetic Solutions Portfolio With Acquisition Of Magdev Ltd

In October 2021, Bunting, a Chicago-based company of magnets manufacturers acquired MagDev Ltd for an undisclosed amount. Through this acquisition, Bunting will be able to provide a wider selection of magnetic solutions and technological skills as a result of the purchase. The MagDevfacility in Swindon, UK, features substantial testing and in-house machining capabilities, as well as 1,100 square meters (12,000 square feet) of warehousing space. MagDev is a UK-based company prominent in industrial magnets, specializing in permanent magnets, magnetic assemblies, and soft magnetic solutions in a variety of forms, sizes, and grades, with magnetic qualities suited to specific needs.

Regional Outlook For The Global Permanent Magnet Market

Asia-Pacific was the largest region in the permanent magnet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the permanent magnet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The permanent magnets market consists of sales of ceramic magnets, injection magnets, aluminum nickel cobalt magnets, and flexible magnets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The permanent magnet market research report is one of a series of new reports from The Business Research Company that provides permanent magnet market statistics, including permanent magnet industry global market size, regional shares, competitors with a permanent magnet market share, detailed permanent magnet market segments, market trends and opportunities, and any further data you may need to thrive in the permanent magnet industry. This permanent magnet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Permanent Magnet Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$38.31 billion
Revenue Forecast In 2033	$60.08 billion
Growth Rate	CAGR of 11.9% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets 2) By Sales Channel Type: Direct Sales, Distributors 3) By End-Use: General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Consumer Electronics
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Siemens AG; Mitsubishi Electric Corporation; Toshiba Corp.; Hitachi Ltd.; Asea Brown Boveri; Robert Bosch GmbH; Meidensha Corp.; Continental AG; Alstom SA; Broad-Ocean Motor Co. Ltd.; Xizi Forvorda ELECTRICAL MACHINERY CO. LTD.; DRS Technologies Pvt. Ltd.; Emerson Electric Co.; Johnson Electric Holdings Limited; Leonardo DRS; Nidec Motor Corporation; Hangzhou Permanent Magnet Group; Arnold Magnetic Technologies Corp.; Tokyo Denki Kagaku Kogyo; Shin-Etsu Chemical Co. Ltd.; Electron Energy Corporation; Adams Magnetic Products Co. Inc.; Bunting Magnetics Co.; Tengam Engineering Inc.; Yantai Shougang Magnetic Materials Inc.; Chengdu Galaxy Magnets Co. Ltd.; Goudsmit Magnetics Ltd.; Eclipse Magnetics Ltd.; MagnaWorks Technology Inc.; Dura Magnetics Inc.; Daido Steel Co. Ltd.; Hengdian Group DMEGC Magnetics Co. Ltd.; Ningbo Vastsky Magnet Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Permanent Magnet Market Characteristics

3. Permanent Magnet Market Trends And Strategies

4. Permanent Magnet Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Permanent Magnet Market Size and Growth

5.1. Global Permanent Magnet Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Permanent Magnet Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Permanent Magnet Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Permanent Magnet Market Segmentation

6.1. Global Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Ferrite Magnets

Samarium Cobalt Magnets

Alnico Magnets

Neodymium Iron Boron Magnets

6.2. Global Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Direct Sales

Distributors

6.3. Global Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

General Industrial

Automotive

Medical Technology

Environment & Energy

Aerospace & Defense

Consumer Electronics

7. Permanent Magnet Market Regional And Country Analysis

7.1. Global Permanent Magnet Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Permanent Magnet Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Permanent Magnet Market

8.1. Asia-Pacific Permanent Magnet Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Permanent Magnet Market

9.1. China Permanent Magnet Market Overview

9.2. China Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Permanent Magnet Market

10.1. India Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Permanent Magnet Market

11.1. Japan Permanent Magnet Market Overview

11.2. Japan Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Permanent Magnet Market

12.1. Australia Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Permanent Magnet Market

13.1. Indonesia Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Permanent Magnet Market

14.1. South Korea Permanent Magnet Market Overview

14.2. South Korea Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Permanent Magnet Market

15.1. Western Europe Permanent Magnet Market Overview

15.2. Western Europe Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Permanent Magnet Market

16.1. UK Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Permanent Magnet Market

17.1. Germany Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Permanent Magnet Market

18.5. France Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Permanent Magnet Market

19.9. Italy Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Permanent Magnet Market

20.13. Spain Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Permanent Magnet Market

21.1. Eastern Europe Permanent Magnet Market Overview

21.2. Eastern Europe Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Permanent Magnet Market

22.1. Russia Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Permanent Magnet Market

23.1. North America Permanent Magnet Market Overview

23.2. North America Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Permanent Magnet Market

24.1. USA Permanent Magnet Market Overview

24.2. USA Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Permanent Magnet Market

25.1. Canada Permanent Magnet Market Overview

25.2. Canada Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Permanent Magnet Market

26.1. South America Permanent Magnet Market Overview

26.2. South America Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Permanent Magnet Market

27.1. Brazil Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Permanent Magnet Market

28.1. Middle East Permanent Magnet Market Overview

28.2. Middle East Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Permanent Magnet Market

29.1. Africa Permanent Magnet Market Overview

29.2. Africa Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Permanent Magnet Market Competitive Landscape And Company Profiles

30.1. Permanent Magnet Market Competitive Landscape

30.2. Permanent Magnet Market Company Profiles

30.2.1. Siemens AG

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Mitsubishi Electric Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Toshiba Corp.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Hitachi Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Asea Brown Boveri

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Permanent Magnet Market Competitive Benchmarking

32. Global Permanent Magnet Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Permanent Magnet Market

34. Permanent Magnet Market Future Outlook and Potential Analysis

34.1 Permanent Magnet Market In 2028 - Countries Offering Most New Opportunities

34.2 Permanent Magnet Market In 2028 - Segments Offering Most New Opportunities

34.3 Permanent Magnet Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Permanent Magnet Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Permanent Magnet Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Siemens AG Financial Performance

Table 75: Mitsubishi Electric Corporation Financial Performance

Table 76: Toshiba Corp. Financial Performance

Table 77: Hitachi Ltd. Financial Performance

Table 78: Asea Brown Boveri Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Permanent Magnet Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Permanent Magnet Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Siemens AG Financial Performance

Figure 75: Mitsubishi Electric Corporation Financial Performance

Figure 76: Toshiba Corp. Financial Performance

Figure 77: Hitachi Ltd. Financial Performance

Figure 78: Asea Brown Boveri Financial Performance

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Frequently Asked Questions

What is the definition of the permanent magnet market?

How will the permanent magnet market drivers and restraints affect the permanent magnet market dynamics? What forces will shape the permanent magnet industry going forward?

The permanent magnet market major growth driver - rising demand for permanent magnets in the automotive industry fuels the market. For further insights on the pet insurance market, request a sample here

What is the forecast market size or the forecast market value of the permanent magnet market ?

The permanent magnet market size has grown rapidly in recent years. It will grow from $33.91 billion in 2023 to $38.31 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to electronics and it industry growth, rise in demand from consumer electronics, government policies and regulations, industrial automation, focus on clean energy initiatives. The permanent magnet market size is expected to see rapid growth in the next few years. It will grow to $60.08 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to electric vehicle market expansion, increasing demand for smart devices, expansion of industrial robotics, growing demand for permanent magnet generators, increasing focus towards wind energy. Major trends in the forecast period include magnetic levitation technology, development of rare earth-free magnets, miniaturization of electronic devices, customization and design flexibility, magnetic refrigeration. For further insights on the pet insurance market, request a sample here

How is the permanent magnet market segmented?

The permanent magnet market is segmentedThe permanent magnet market covered in this report is segmented –
1) By Type: Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets
2) By Sales Channel Type: Direct Sales, Distributors
3) By End-Use: General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Consumer ElectronicsFor further insights on the pet insurance market, request a sample here

Which region has the largest share of the permanent magnet market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the permanent magnet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the permanent magnet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the pet insurance market, request a sample here.

Who are the major players in the permanent magnet market?

Major companies operating in the permanent magnet market report are Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi Ltd., Asea Brown Boveri, Robert Bosch GmbH, Meidensha Corp., Continental AG, Alstom SA, Broad-Ocean Motor Co. Ltd., Xizi Forvorda ELECTRICAL MACHINERY CO. LTD., DRS Technologies Pvt. Ltd., Emerson Electric Co., Johnson Electric Holdings Limited, Leonardo DRS, Nidec Motor Corporation, Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corp., Tokyo Denki Kagaku Kōgyō, Shin-Etsu Chemical Co. Ltd., Electron Energy Corporation, Adams Magnetic Products Co. Inc., Bunting Magnetics Co., Tengam Engineering Inc., Yantai Shougang Magnetic Materials Inc., Chengdu Galaxy Magnets Co. Ltd., Goudsmit Magnetics Ltd., Eclipse Magnetics Ltd., MagnaWorks Technology Inc., Dura Magnetics Inc., Daido Steel Co. Ltd., Hengdian Group DMEGC Magnetics Co. Ltd., Ningbo Vastsky Magnet Co. Ltd. For further insights on the pet insurance market, request a sample here.

What are the key trends in the permanent magnet market?

Major trend in the permanent magnet market - revolutionizing charging solutions through the rise of technological transitions in the permanent magnet market. For further insights on the pet insurance market, request a sample here.

What are the major opportunities in the permanent magnet market? What are the strategies for the permanent magnet market?

For detailed insights on the major opportunities and strategies in the permanent magnet market, request a sample here.

How does the permanent magnet market relate to the overall economy and other similar markets?

For detailed insights on permanent magnet market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the permanent magnet industry?

For detailed insights on the mergers and acquisitions in the permanent magnet industry, request a sample here.

What are the key dynamics influencing the permanent magnet market growth? SWOT analysis of the permanent magnet market.

For detailed insights on the key dynamics influencing the permanent magnet market growth and SWOT analysis of the permanent magnet industry, request a sample here.