Magnet Assemblies & Market was valued at USD 12.3 Billion in 2022 and is projected to reach USD 18.5 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global magnet assemblies market was valued at approximately $5.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2023 to 2030. The demand for magnet assemblies is being driven by their increasing use in various industries such as automotive, electronics, medical devices, and renewable energy sectors. The automotive industry, in particular, is seeing significant demand due to the rising adoption of electric vehicles (EVs) and advancements in electric motor technologies. Moreover, the expanding consumer electronics market, driven by innovations in devices like smartphones and wearables, is contributing to the rising demand for high-performance magnet assemblies. Additionally, magnet assemblies are critical in the aerospace and defense sectors for specialized applications requiring precision and durability.
Emerging markets in Asia-Pacific, particularly China and India, are witnessing rapid growth due to increasing industrialization and a growing focus on renewable energy projects such as wind power generation, which heavily rely on magnet assemblies. The renewable energy sector presents significant opportunities as global efforts toward sustainability and reducing carbon footprints gain momentum. Additionally, the medical industry is another major growth avenue, with applications in MRI machines, medical pumps, and other critical medical devices. The expansion of these industries, combined with innovations in magnet technologies and materials, is expected to create substantial opportunities in the magnet assemblies market in the coming years.
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A and A Magnetics Inc
AEC Magnetics
Aircom Manufacturing
Inc
American Union Group
Inc.
AA International
Inc
Butler Winding
Activar Technical Products Group (ATPG)
ALL Magnetics
Inc
Ceradyne
CMS Magnetics Co
Dexter Magnetic Technologies
Inc.
Dowling Magnets Inc
EAS Corporation
Electron Energy Corporation
Essentra Components
Foster Andrew & Co
Hasco Components International Corp
Integrated Magnetics
K & J Magnetics
Inc.
Label Magnets
LLC
Magnet City
Magnetic Aids
Inc
Magnetic Component Engineering
Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Magnet Assemblies & Market
Magnetic Equipment
Motion Control
Factory Automation
Medical
Based on Types the Market is categorized into Below types that held the largest Magnet Assemblies & market share In 2023.
Permanent Magnets & Related Magnetic Components
Ceramic Magnets
Neodymium Magnets
Samarium Cobalt
Alnico Magnets
Flexible Magnet & Magnetic Assemblies
Magnetic Tools
Lifting Magnet
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Magnet Assemblies & Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Magnet Assemblies & Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnet Assemblies & Market, By Type
6. Global Magnet Assemblies & Market, By Application
7. Global Magnet Assemblies & Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Magnet Assemblies & Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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