The Global Magnetic Refrigeration Market was valued at USD 8.89 million in 2019 which expected to reach USD 2568.54 by 2030 at a CAGR 103.15%.
Magnetic refrigeration is a type of cooling technology based on the magnetocaloric effect. It is used to attain extremely low temperature and the ranges used in common refrigerators. The magnetic refrigeration provides various benefits such as improved device efficiency, reduced CO2 production from these energy savings, and eliminating greenhouse gas refrigerants. This is higher efficient as compared to the traditional gas compression refrigeration.
The increase in government initiatives on green technology is expected to boost the global magnetic refrigeration market growth. Furthermore, low energy consumption by magnetic refrigeration systems will positively influence the market growth over the forecast period. Also, the rise in adoption of magnetic refrigeration in the transportation and industrial sector is expected to drive the global magnetic refrigeration market growth. Moreover, the increase in environmental concerns regarding carbon emissions & ozone layer depletion with stringent rules and regulations for the use of safe and environment friendly refrigeration system are expected to propel the global magnetic refrigeration market growth. In add9ition, the rise in adoption of magnetic refrigeration in the transportation sector is increasing which is projected to create a new opportunity for the target product manufacturers.
High investment cost is the major restraint which expected to hamper the global magnetic refrigeration market growth. Also, limited filed strength of permanent magnets may limit the global magnetic refrigeration market growth.
The Global Magnetic Refrigeration Market is segmented into such as Heat Pumps, Refrigeration Systems, and Air Conditioning Systems. Further, market is segmented into application such as Industrial, Transportation, Domestic, and Commercial.
Also, the Global Magnetic Refrigeration Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Whirlpool Corporation, Camfridge Ltd, Samsung Electronics Co., Ltd, Cooltech Applications, Qingdao Haier Co., Ltd, Eramet S.A., Toshiba Corporation, Vacuumschmelze GmbH & Co. Kg, Astronautics Corporation of America etc.
Market Taxonomy
By Product
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Magnetic Refrigeration Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Magnetic Refrigeration Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Magnetic Refrigeration Market Share Analysis, By Product
5.3 Global Magnetic Refrigeration Market Size and Forecast, By Product
5.3.1 Heat Pumps
5.3.2 Refrigeration Systems
5.3.3 Air Conditioning Systems
6 Global Magnetic Refrigeration Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Magnetic Refrigeration Market Share Analysis, By Application
6.3 Global Magnetic Refrigeration Market Size and Forecast, By Application
6.3.1 Industrial
6.3.2 Transportation
6.3.3 Domestic
6.3.4 Commercial
7Global Magnetic Refrigeration Market, By Region
7.1 Global Magnetic Refrigeration Market Share Analysis, By Region
7.2 Global Magnetic Refrigeration Market Share Analysis, By Region
7.3 Global Magnetic Refrigeration Market Size and Forecast, By Region
8North America Magnetic Refrigeration Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Magnetic Refrigeration Market Share Analysis, By Product
8.3 North America Magnetic Refrigeration Market Size and Forecast, By Application
8.4 North America Magnetic Refrigeration Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Magnetic Refrigeration Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Magnetic Refrigeration Market Share Analysis, By Product
9.3 Europe Magnetic Refrigeration Market Size and Forecast, By Application
9.4 Europe Magnetic Refrigeration Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Magnetic Refrigeration Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Magnetic Refrigeration Market Share Analysis, By Product
10.3 Asia Pacific Magnetic Refrigeration Market Size and Forecast, By Application
10.4 Asia Pacific Magnetic Refrigeration Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Magnetic Refrigeration Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Magnetic Refrigeration Market Share Analysis, By Product
11.3 Latin America Magnetic Refrigeration Market Size and Forecast, By Application
11.4 Latin America Magnetic Refrigeration Market Size and Forecast, By Country
12Middle East Magnetic Refrigeration Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Magnetic Refrigeration Market Share Analysis, By Product
12.3 Middle East Magnetic Refrigeration Market Size and Forecast, By Application
12.4 Middle East Magnetic Refrigeration Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Whirlpool Corporation,
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Camfridge Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Samsung Electronics Co., Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Cooltech Applications
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Qingdao Haier Co., Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Eramet S.A.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Toshiba Corporation
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Vacuumschmelze GmbH & Co. Kg
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Astronautics Corporation of America
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
