PUBLISHER: Value Market Research | PRODUCT CODE: 1547557
PUBLISHER: Value Market Research | PRODUCT CODE: 1547557
Global Magnetic Refrigeration Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032
The global demand for Magnetic Refrigeration Market is presumed to reach the market size of nearly USD 6137.33 Million by 2032 from USD 9.21 Million in 2023 with a CAGR of 105.95% under the study period 2024-2032.
'Magnetic refrigeration is a sophisticated cooling technology that harnesses the magnetocaloric effect. This effect involves specific materials heating up when magnetized and cooling down when the magnetic field is removed. Unlike traditional gas-compression refrigeration, it relies on solid-state materials, making it more environmentally friendly and eliminating the need for harmful refrigerants. The process involves cyclically magnetizing and demagnetizing a magnetocaloric material, such as gadolinium, which absorbs and releases heat during these transitions. This method is highly efficient, potentially reducing energy consumption and operational costs.
MARKET DYNAMICS
The rising focus on energy efficiency and increasing demand for environmentally friendly cooling technologies drive the magnetic refrigeration market. Magnetic refrigeration systems use solid-state refrigerants, which do not produce greenhouse gases, making them a sustainable alternative to traditional refrigeration. These systems are more energy-efficient than conventional vapour-compression systems, reducing operational costs and energy consumption. Additionally, advancements in magnetocaloric materials enhance the performance and feasibility of these systems, making them more attractive for commercial and industrial applications. Furthermore, the expanding demand for compact and portable cooling solutions contributes to market growth. Magnetic refrigeration systems can be designed to be more compact and lightweight, offering versatility in various applications, from household refrigerators to commercial cooling systems. Moreover, government regulations and incentives to promote sustainable technologies support market growth. These policies encourage manufacturers to invest in research and development, driving innovation and expanding the market. The continuous technological advancements and the increasing awareness of environmental sustainability ensure that the market remains dynamic & responsive to the shifting needs of consumers and industries. However, these systems' high initial investment and longer payback periods may hinder market growth in the next few years. '''
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Magnetic Refrigeration. The growth and trends of Magnetic Refrigeration industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Magnetic Refrigeration market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Refrigeration Systems (Beverage Coolers, Cabinet Displays, Ice Cream Cabinets, Freezers, Refrigerators)
- Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers)
By Application
- Commercial
- Domestic
- Transportation (Logistics, Automotive, Aerospace, Marine)
- Industrial (Food & Beverages, Healthcare)
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Magnetic Refrigeration market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Magnetic Refrigeration market include Ubiblue (France), Haier Smart Home Co. Ltd (China), Camfridge Ltd (UK), Astronautics Corporation Of America (US), Vacuumschmelze GmbH & Co.KG (Germany), BASF SE (Germany), Eramet (France), Samsung Electronics Co. Ltd (South Korea), Toshiba Corporation (Japan), Whirlpool Corporation (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. MAGNETIC REFRIGERATION - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL MAGNETIC REFRIGERATION MARKET ANALYSIS BY PRODUCT
- 5.1. Overview By Product
- 5.2. Historical and Forecast Data Analysis By Product
- 5.3. Refrigeration Systems (Beverage Coolers, Cabinet Displays, Ice Cream Cabinets, Freezers, Refrigerators) Historic and Forecast Sales By Regions
- 5.4. Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers) Historic and Forecast Sales By Regions
6. GLOBAL MAGNETIC REFRIGERATION MARKET ANALYSIS BY APPLICATION
- 6.1. Overview By Application
- 6.2. Historical and Forecast Data Analysis By Application
- 6.3. Commercial Historic and Forecast Sales By Regions
- 6.4. Domestic Historic and Forecast Sales By Regions
- 6.5. Transportation (Logistics, Automotive, Aerospace, Marine) Historic and Forecast Sales By Regions
- 6.6. Industrial (Food & Beverages, Healthcare) Historic and Forecast Sales By Regions
7. GLOBAL MAGNETIC REFRIGERATION MARKET ANALYSIS BY GEOGRAPHY
- 7.1. Regional Outlook
- 7.2. Introduction
- 7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
- 7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
- 7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
- 7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
- 7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis
8. COMPETITIVE LANDSCAPE OF THE MAGNETIC REFRIGERATION COMPANIES
- 8.1. Magnetic Refrigeration Market Competition
- 8.2. Partnership/Collaboration/Agreement
- 8.3. Merger And Acquisitions
- 8.4. New Product Launch
- 8.5. Other Developments
9. COMPANY PROFILES OF MAGNETIC REFRIGERATION INDUSTRY
- 9.1. Top Companies Market Share Analysis
- 9.2. Market Concentration Rate
- 9.3. Ubiblue (France)
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
- 9.4. Haier Smart Home Co. Ltd (China)
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
- 9.5. Camfridge Ltd (UK)
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
- 9.6. Astronautics Corporation Of America (US)
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
- 9.7. Vacuumschmelze GmbH & Co.KG (Germany)
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
- 9.8. BASF SE (Germany)
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
- 9.9. Eramet (France)
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments
- 9.10. Samsung Electronics Co. Ltd (South Korea)
- 9.10.1 Company Overview
- 9.10.2 Company Revenue
- 9.10.3 Products
- 9.10.4 Recent Developments
- 9.11. Toshiba Corporation (Japan)
- 9.11.1 Company Overview
- 9.11.2 Company Revenue
- 9.11.3 Products
- 9.11.4 Recent Developments
- 9.12. Whirlpool Corporation (US)
- 9.12.1 Company Overview
- 9.12.2 Company Revenue
- 9.12.3 Products
- 9.12.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers: Impact Analysis
- Restraints: Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- Analysis By Product (USD MN)
- Refrigeration Systems (Beverage Coolers, Cabinet Displays, Ice Cream Cabinets, Freezers, Refrigerators) Market Sales By Geography (USD MN)
- Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers) Market Sales By Geography (USD MN)
- Analysis By Application (USD MN)
- Commercial Market Sales By Geography (USD MN)
- Domestic Market Sales By Geography (USD MN)
- Transportation (Logistics, Automotive, Aerospace, Marine) Market Sales By Geography (USD MN)
- Industrial (Food & Beverages, Healthcare) Market Sales By Geography (USD MN)
- Global Magnetic Refrigeration Market Sales By Geography (USD MN)
- North America Market Analysis (USD MN)
- United States Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate By Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- South East Asia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Magnetic Refrigeration Report
- Market Research Process
- Market Research Methodology
- Global Magnetic Refrigeration Market Size, By Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis By Product
- Market Attractiveness Analysis By Application
- Market Attractiveness Analysis By Region
- Value Chain Analysis
- Global Market Analysis By Product (USD MN)
- Refrigeration Systems (Beverage Coolers, Cabinet Displays, Ice Cream Cabinets, Freezers, Refrigerators) Market Sales By Geography (USD MN)
- Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers) Market Sales By Geography (USD MN)
- Global Market Analysis By Application (USD MN)
- Commercial Market Sales By Geography (USD MN)
- Domestic Market Sales By Geography (USD MN)
- Transportation (Logistics, Automotive, Aerospace, Marine) Market Sales By Geography (USD MN)
- Industrial (Food & Beverages, Healthcare) Market Sales By Geography (USD MN)
- Global Market Sales (USD MN)
- North America Market Sales (USD MN)
- Europe Market Sales (USD MN)
- Asia Pacific Market Sales (USD MN)
- Latin America Market Sales (USD MN)
- Middle East & Africa Market Sales (USD MN)
- Recent Development in Industry
- Top Company Market Share Analysis
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
