360° Coverage : Global Permanent Magnets Market Expected to Reach USD 31.18...

12 Updates

Global Permanent Magnets Market Expected to Reach USD 31.18 Billion by 2020 - Grand View Research New Report says

Jan 25 2014, 2:12am CST | by

Growing shift towards renewable energy generation, especially in automotive sector, to drive demand for permanent magnets over the next six years.

San Francisco, CA, January 25, 2014 --(PR.com)-- The global market for permanent magnets is expected to reach USD 31.18 billion by 2020, according to a new study by Grand View Research, Inc. The...

Filed under: news

YouTube Videos Tweets

 
 
 

29 weeks ago

Global Permanent Magnets Market Expected to Reach USD 31.18 Billion by 2020 - Grand View Research New Report says

Jan 25 2014, 2:12am CST | by

Growing shift towards renewable energy generation, especially in automotive sector, to drive demand for permanent magnets over the next six years.

San Francisco, CA, January 25, 2014 --(PR.com)-- The global market for permanent magnets is expected to reach USD 31.18 billion by 2020, according to a new study by Grand View Research, Inc. The growth of global automobile industry is expected to be a key driving factor for permanent magnets market over the forecast period. Permanent magnets are widely used for numerous applications in automobile industry. Various components such as motors, alternators and gearboxes require permanent magnets for their mechanism. Grand View Research further observes that the shift in trend towards developing renewable energy generation including solar and wind energy is also expected to drive the market for permanent magnets. Permanent magnets are used in the stator of the wind turbine which is responsible for producing AC electricity.

Ferrite magnets dominated the global market, accounting for over 80% of total volumes in 2012. However, in terms of revenue, ferrite magnets accounted for just over 20% of the total revenue for the same year. Ferrite magnets are relatively cheaper than other permanent magnets such as NdFeB magnets, SmCO and Alnico magnets and hence account for a relatively smaller revenue share in the overall market. NdFeB is expected to be the fastest growing product segment, at an estimated CAGR of 9.4% from 2013 to 2020. Growing awareness regarding the benefits offered by NdFeB over other magnets in high performance automotive applications is expected to drive its demand over the forecast period.

The report “Permanent Magnets Industry Trends and Market Segment Forecasts to 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/permanent-magnets-industry

Further Key findings from the study suggest:

•Global permanent magnets demand is expected to reach 1,262.6 kilo tons by 2020 growing at a CAGR of 8.6% from 2013 to 2020
•Automotive industry emerged as the leading application market for permanent magnets and accounted for approximately half of the total consumption in 2012. However, the shift in trend towards adoption of renewable energy including wind energy has helped energy generation to become the most attractive market for permanent magnets. Energy generation is expected to be the fastest growing application market for permanent market at an estimated CAGR of 9% from 2013 to 2020
•Asia Pacific dominated the overall market for permanent magnets and accounted for 80% of the total consumption in 2012. China alone accounted for 65% of world’s demand for permanent magnets in 2012, consolidating its position as the leading permanent magnets producer as well as consumer, on account of huge rare earth metals deposits in the country which are available at an affordable price for domestic industries
•China is expected to continue its dominance in the global market with its government announcing plans to increase permanent magnets capacity in the nation by 20 kilo tons by 2015
•The global market for permanent magnets is highly fragmented with a large number of small Chinese manufacturers operating in the market. These small manufacturers pose a threat to large manufacturers in terms of their price offerings. Some of the major companies operating in the global market for permanent magnets include Adams Magnetic Products Co., Hangzhou Permanent Magnet Group, Anhui Earth-Panda Advance Magnetic Material Co. Ltd and Hitachi Metals Ltd., Molycorp Magnequench and Shin-Etsu Chemical Co. Ltd among some other companies
•For the purpose of this study, Grand View Research has segmented the global permanent magnets market on the basis of product, application and region:

Permanent Magnets Product Outlook,

Ferrite
Neo (NdFeB)
SmCO
Alnico

Permanent Magnets Application Outlook,

Automotive
Electronics
Energy Generation
Other

Permanent Magnets Regional Outlook,

North America
Europe
China
Rest of Asia Pacific
Rest of the World

About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Contact Information:
Grand View Research
Haakon Johnson
415-349-0058
Contact via Email
http://www.grandviewresearch.com/

Read the full story here: http://www.pr.com/press-release/538642

Press Release Distributed by PR.com

Source: PR.com

 
Update
12

Tweets

 
 
Update
11

41 minutes ago

PetSmart bows to pressure, will explore sale

Aug 20 2014 3:07am CDT | Source: Business Journal of Phoenix

PetSmart Inc. agreed to explore a possible sale after months of pressure from activist investor group Jana Partners, reports Reuters. The Phoenix-based retailer, which has a market capitalization of nearly $7 billion, has agreed to pursue avenues to maximize shareholder value, including a possible sale. PetSmart's board has recruited the assistance of JPMorgan Chase & Co and law firm Wac ...
Source: Business Journal of Phoenix   Full article at: Business Journal of Phoenix
 

 
Update
10

48 minutes ago

Solar + Storage Is Close To An Inflection Point

Aug 20 2014 2:59am CDT | Source: SeekingAlpha

By Shareholders Unite:It is always useful to invest when you have strong trends as tailwind. That doesn't solve all your investment problems, but it helps a great deal. We think that with investing in solar energy companies, you'll have strong trends as tailwinds. In essence, solar energy is ready for the big stage and here are some of the trends that are blowing in its favor.Solar gr ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
9

1 hour ago

Profitable biz model, a must for e-commerce firms: PwC

Aug 20 2014 2:12am CDT | Source: Business Today

"If the companies do not become profitable, the private investors will run out of patience and unless the companies are profitable, they cannot get listed," Saurabh Srivastava, PwC' ...
Source: Business Today   Full article at: Business Today
 

 
Update
8

1 hour ago

Who would live in a house like this?

Aug 20 2014 2:12am CDT | Source: NEWS.com.au

THE real estate market might be so hot right now but even a silver-tongued salesmen would struggle to shift t ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
6

2 hours ago

Atos Takes Control of French Rival Bull

Aug 20 2014 1:27am CDT | Source: WSJ.com: Europe Home

French IT services company Atos said it had completed the takeover of its smaller rival Bull after securing 84.25% of its shares in a t ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 
Update
5

2 hours ago

Quiet Excellence For This Dividend ETF

Aug 20 2014 1:19am CDT | Source: SeekingAlpha

By Tom Lydon: By Todd Shriber & Tom Lydon With 10-year down a whopping 21.4% this year, a variety of rate-sensitive, income-generating asset classes and sectors have benefited. Master limited partnerships (MLPS), real estate investment trusts (REITs) and the utilities sector are prime examples.Traditional dividend stocks and exchange traded funds have also delivered for income-starved investors.According to S&P Dow Jones Indices, 696 dividend increases were ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
4

3 hours ago

Traders Pay Up To Short Junk Bond ETFs

Aug 20 2014 12:46am CDT | Source: SeekingAlpha

By Tom Lydon: By Todd Shriber & Tom Lydon A recent surge in distaste for high-yield bond exchange traded funds is highlighted by several anecdotes, including the willingness of professional traders to pay up to short such ETFs.The daily cost to finance short positions in the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG), the largest junk bond ETF, was $342,000 a day in the week ended Aug. 5, up from $7,000 at the end of December, reports Lisa Abramow ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

3 hours ago

China fines Japanese auto parts firms for monopoly

Aug 20 2014 12:31am CDT | Source: The Standard: China's Business Newspaper

China has fined 10 Japanese auto parts firms more than $200 million for price-fixing, authorities said Wednesday, in what state ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
2

3 hours ago

Donald Trump faces snail fight for golfing heaven

Aug 20 2014 12:06am CDT | Source: CNBC

Below the surface of a golfing paradise for many American tourists, the Trump Organization is battling on many fronts. ...
Source: CNBC   Full article at: CNBC
 

 
Update
1

6 hours ago

Telco customers ‘ripped off’ on fees

Aug 19 2014 9:18pm CDT | Source: NEWS.com.au

FIRST they came for the banks — now they’re coming for the telcos. Customers who have paid late fees could soon be in for a big payday. ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

Hand gestures can help kids learn better
New York, Aug 20 (IANS) Spontaneous gestures can help children learn better whether its spoken language or sign language, according to a study.
 
 
Take a Metro ride to lose extra kilos
London, Aug 20 (IANS) Want to try a sure-shot way of losing extra flab? Leave your car at home and try public transport instead.
 
 
Suspected Ebola case found in Myanmar
Yangon, Aug 20 (IANS) Myanmar has discovered a suspected case of the deadly Ebola virus disease, the information ministry said Wednesday.
 
 
Styles could've kissed Delevingne onscreen
Los Angeles, Aug 20 (IANS) Producer Harvey Weinstein wanted One Direction's Harry Styles to feature in "Tulip Fever", featuring Cara Delevingne.
 
 
 

Latest from the Network

14 killed in Afghanistan violence
Kabul, Aug 20 (IANS) At least 14 people were killed and three wounded in separate violent attacks in Afghanistan Wednesday, the authorities said. Ten militants and a policeman were killed while a district police chief...
Read more on Politics Balla
 
Hand gestures can help kids learn better
New York, Aug 20 (IANS) Spontaneous gestures can help children learn better whether its spoken language or sign language, according to a study. Children who can hear use gesture along with speech to communicate as...
Read more on Apple Balla
 
Take a Metro ride to lose extra kilos
London, Aug 20 (IANS) Want to try a sure-shot way of losing extra flab? Leave your car at home and try public transport instead. Commuting to work by active (walking or cycling) and public modes of transport is linked...
Read more on Celebrity Balla
 
Suspected Ebola case found in Myanmar
Yangon, Aug 20 (IANS) Myanmar has discovered a suspected case of the deadly Ebola virus disease, the information ministry said Wednesday. A 22-year-old man, who worked in Guinea and Liberia in West Africa, was found...
Read more on Business Balla
 
Styles could've kissed Delevingne onscreen
Los Angeles, Aug 20 (IANS) Producer Harvey Weinstein wanted One Direction's Harry Styles to feature in "Tulip Fever", featuring Cara Delevingne. "I offered Harry a role in 'Tulip Fever', but he was touring so he had...
Read more on Celebrity Balla
 
Vin Diesel poses naked
Los Angeles, Aug 20 (IANS) Actor Vin Diesel has posed nude in a shower for a photograph. The "Guardians of the Galaxy" star took to Facebook to share the black-and-white photograph of himself in a steamy shower,...
Read more on Celebrity Balla
 
Johnny Depp, daughter team up for film
Los Angeles, Aug 20 (IANS) Actor Johnny Depp will team up with his 15-year-old daughter Lily-Rose for "Yoga Hosers", a comic book movie. The action-adventure movie, starring the Depp family, will also include fellow...
Read more on Celebrity Balla
 
Bored of sex life? Mix love to it
New York, Aug 20 (IANS) The new mantra for women who feel their sex life is boring and bereft of passion: connect love with sex and enhance the pleasure between the sheets. According to an interesting study, love and...
Read more on Celebrity Balla
 
'Tickle' your ears for a super heart
London, Aug 20 (IANS) How often do you want to kill that itchy feeling in your ears? Well if we believe researchers, tickling your ears can actually improve the health of your heart! When they applied electrical...
Read more on Business Balla
 
Real, Atletico draw 1-1 in Super Cup first leg
Madrid, Aug 20 (IANS) Late goals from James Rodriguez and Raul Garcia meant the first leg of the Spanish Super Cup between Real Madrid and Atletico Madrid ended in a 1-1 draw with everything to be decided in three days...
Read more on Sport Balla