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Permanent Magnet Market, By Types

Rising demand for miniaturization coupled with advancement in technology that leads to the availability of better quality ferrite magnets and neo magnets with lesser dysprosium content, together, will drive the permanent magnets market to $18.8 billion by 2018. Asia-Pacific is the fastest growing markets for permanent magnets. Developing economies such as China and India are act as a growth engine for many industries that include automotive, consumer electronics, and medical technologies. These growing industries drive the growth of permanent magnets in the region. The market here is expected to experience highest revenue growth during the next five years.

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Permanent Magnet Market, By Types

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  1. Permanent Magnet Market

  2. Summary Rising demand for miniaturization coupled with advancement in technology that leads to the availability of better quality ferrite magnets and neo magnets with lesser dysprosium content, together, will drive the permanent magnets market to $18.8 billion by 2018. Asia-Pacific is the fastest growing markets for permanent magnets. Developing economies such as China and India are act as a growth engine for many industries that include automotive, consumerelectronics, and medical technologies. These growing industries drive the growth of permanent magnets in the region. The market here is expected to experience highest revenue growth during the next five years.The factors that drive growth in the permanent magnets market include high demand from current & emerging applications, development, and modernization of infrastructure, increased demand for efficiency & miniaturization, and initiatives of associations & regulatory bodies. The factors that hinder the growth of this market are the fluctuating costs of raw materials, lack of quality control across developing countries, and huge investments required in R&D and technology.

  3. Scope of the Report - Parking Management Market On the basis of end-user industries Consumer electronicsGeneral industrialAutomotiveMedical technologyEnvironment & energyAerospace & defenseOther end user industry On the basis of types:NdFeBFerrite To know more information about this report click here – http://www.jsbmarketresearch.com/materials/r-Permanent-Magnet-Market-By-Types-NdFeB-Ferrite-SmCo-Alnico-End-User-Industry-63705

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