Permanent Magnet Market Scope 2023:

Permanent Magnets Market are materials that generate a magnetic field without the need for an external electric current. They are used in a wide range of applications, including motors, generators, medical devices, and consumer electronics. The market for permanent magnets has been growing steadily in recent years due to increasing demand from various industries and applications. The demand for permanent magnets is driven by factors such as the growth of electric vehicles, wind turbines, and the increasing demand for high-efficiency motors and generators. The permanent magnet market is expected to continue to grow in the coming years, driven by the increasing need for sustainable and efficient solutions in various industries.

One of the key advantages of permanent magnets is their high strength and stability, which makes them ideal for use in high-performance motors and generators. These magnets can be made from a variety of materials, including neodymium, samarium-cobalt, and ferrite, among others. The choice of material depends on factors such as the desired magnetic properties, temperature stability, and cost. With the growing demand for sustainable energy solutions and the need for high-performance motors and generators, the permanent magnet market is expected to continue to grow in the coming years, with increased investment in research and development leading to more innovative and efficient materials and applications.

“According to SNS insider, The Permanent Magnet Market Size is estimated at US$ 37.73 billion in 2022, and is expected to reach US$ 79.14 billion by 2030, with a growing healthy CAGR of 9.7% over the forecast period 2023-2030.”

Get a Free Sample Report of Permanent Magnet Market @

For more information or customization mail us at

The Permanent Magnet Market research study gives light on the industry’s current and future trends. The study also includes a comprehensive geographical analysis that gives readers a complete picture of the market’s regional evolution. This analysis could be used by market participants to gain a competitive advantage over their competitors. A competitor list and analysis are included in the market report, as well as a strategic industry analysis of the key aspects impacting market dynamics.

New product launches, expansions, agreements, joint ventures, collaborations, and acquisitions are all included during the competitive analysis. General market conditions, market development possibilities, potential restraints, significant industry trends, market size, market share, sales volume, and future trends are all estimated in the Permanent Magnet Market research study. The worldwide market analysis study’s research studies are used to examine a wide range of vital aspects, including investment in a developing market, product success, and market expansion, to mention a few.

Major Key Players Analysis are covered in Permanent Magnet Market Report are listed below:

  • TDK Corporation
  • Electron Energy Corporation
  • Bunting Magnetics Co.
  • Tengam Engineering, Inc.
  • Ningbo Yunsheng Co. Ltd.
  • Chengdu Galaxy Magnets Co Ltd.
  • Eclipse Magnetics
  • Arnold Magnetic Technologies
  • Hitachi Metals, Ltd.
  • Shin-Etsu Chemical Co Ltd.
  • Adams Magnetic Products Co Inc.
  • Yantai Shougang Magnetic Materials Inc.
  • Goudsmit Magnetics

Permanent Magnet Market Segmentation Analysis 2023

The comprehensive study covers a wide range of factors, including product descriptions, market segmentation, and the present retailing environment, to provide readers a complete view of the industry. After all is said and done, this fantastic market research report provides a comprehensive picture of the Permanent Magnet Market. The research includes intriguing insights, significant industry changes, complete market segmentation, a list of major market competitors, and other global market trends.

Major Segments and Sub-Segment of Permanent Magnet Market are Listed Below:

By Type:

  • Neodymium Iron Boron Magnets
  • Ferrite Magnets
  • Samarium Cobalt Magnets
  • Alnico Magnets
  • Others

By End-Use:

  • Consumer Electronics
  • General Industrial
  • Automotive
  • Medical Technology
  • Environment & Energy
  • Aerospace & Defense
  • Others

By Power Range:

  • 4.0 KW and Below
  • Between 4.0 and 22.0 kW
  • Between 22.0 and 75.0 kW
  • 75.0 KW and above

Enquiry about this research study @

(Do you have any specific queries regarding this research study? Feel free to ask for any customization if you need.)

In this study, the years considered to estimate the market size of Permanent Magnet are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Estimated Year: 2023
  • Forecast Year 2023 to 2030

Regional Analysis Covered in this report:

  • North America [United States, Canada]
  • Europe [Germany, France, U.K., Italy, Russia]
  • Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
  • Latin America [Mexico, Brazil, Argentina]
  • Middle East & Africa [Turkey, Saudi Arabia, UAE]

Competitive Outlook

The study provides great statistics, future estimates, and in-depth market analysis on a worldwide and regional basis. The Permanent Magnet Market study includes a list of top competitors, as well as strategic insights and an analysis of the industry’s important factors. A SWOT analysis of the market’s drivers and constraints is included in the study, as well as a wealth of information on market definitions, classifications, and applications.

Recent advancements, import-export analysis, production analysis, value chain optimization, market share, and the impact of domestic and international market participants are all examined in this study. Emerging revenue pockets, changes in market regulations, strategic market growth assessments, category market growths, application niches and domination, product approvals, product launches, geographic expansions, and technical breakthroughs are all investigated in the Permanent Magnet Market research study.

Report Conclusion

To discover more about the Permanent Magnet Market, request an analyst briefing. Our expertise will assist you in making well-informed market decisions that will benefit your company’s growth.

Table of Contents – Major Key Points

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Global Permanent Magnet Market Segment, By Type
  9. Global Permanent Magnet Market Segment, By End-Use
  10. Global Permanent Magnet Market Segment, By Power Range
  11. Regional Analysis
  12. Company Profiles
  13. Competitive Landscape
  14. Conclusion

Buy Single-User PDF of Permanent Magnet Market 2022 @

Contact Us:

Akash Anand – Head of Business Development & Strategy

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we’re proud to be recognized as one of the world’s top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

Read Our Related Reports:

Nanofiber Market Size, Share, Growth Research Report 2023-2030

m-Toluic Acid Market Size, Share, Growth Research Report 2023-2030

Latex Binders Market Size, Share, Growth Research Report 2023-2030

Honeycomb Sandwich Material Market Size, Share, Growth Research Report 2023-2030

Zeolite Market Size, Share, Growth Research Report 2023-2030

Water Treatment Chemicals  Market Size, Share, Growth Research Report 2023-2030

Synthetic Leather Market Size, Share, Growth Research Report 2023-2030