Permanent Magnets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

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Research

Permanent Magnets Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date

17-Feb-2014

119 Page Report

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Permanent Magnet Market Will Reach USD 28.70 Billion in

2019 : TMR

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Permanent Magnets Market

REPORT DESCRIPTION

Permanent Magnets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013

- 2019

In 2012, the global permanent magnets market was worth US$15.32 billion. Growing at an estimated CAGR of

9.5% from 2013 to 2019, the market’s value at the end of this period will be US$28.70 billion. In terms of

volume, the global permanent magnets market is growing at a CAGR of 8.8% from 2013 to 2019. Its volume is

set to rise from 650 kilo tons in 2012 to 1,168.7 kilo tons in 2019.

Deeper analysis reveals the leading cause for the global permanent magnets market’s growth to be its huge

scope of use being recognized by end-use industries. Most of them belong to sectors that require infrastructure

modernization, improved efficiency, compatibility to current and future applications, and miniaturization. From a

consumer’s standpoint, growing awareness pertaining to pollution and growing efforts to maintain clean air is

also boosting the global permanent magnets market. Another such factor is a growing demand for cheaper

electricity.

Browse Full Global Permanent Magnets Market Research Report With Complete TOC :

http://www.transparencymarketresearch.com/permanent-magnet-market.html

Automotive Sector Improves Global Permanent Magnets Market’s Growth Prospects

The global automobile industry is currently booming. It had become the largest segment of the permanent

magnets market in terms of applications in 2012. This is because permanent magnets are one of the most...