Market Overview:
The Global Magnetic Refrigeration Market was valued at USD 1.14 million in 2016 and is projected to reach USD 702.20 million by 2025, growing at a CAGR of 104.25% from 2017 to 2025.
Magnetic refrigeration is a cooling technology based on the magnetocaloric effect. This technique can be used to attain extremely low temperatures, as well as the ranges used in common refrigerators. There are several benefits of using Magnetic refrigeration system including - improved device efficiency, reduced CO2 production from these energy savings, eliminating greenhouse gas refrigerants, and is efficient.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing energy efficiency
1.2 Increasing focus on green technology
1.3 Low maintenance cost
1.4 Increasing adoption of magnetic refrigeration in the transportation and industrial sector
2. Market Restraints
2.1 High need for suitable magnetocaloric materials
2.2 High investment cost
2.3 Poor field of strength of permanent magnets
Market Segmentation:
The Global Magnetic Refrigeration Market is segmented on the application, product, and region.
1. Application:
1.1 Transportation
1.2 Industrial
1.3 Domestic
1.4 Commercial
2. By Product:
2.1 Heat Pumps
2.2 Refrigeration Systems
2.3 Air Conditioning Systems
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Camfridge Ltd
2. Whirlpool Corporation
3. BASF SE
4. Samsung Electronics Co., Ltd
5. Vacuumschmelze GmbH & Co. Kg
6. Cooltech Applications
7. Astronautics Corporation of America
8. Qingdao Haier Co., Ltd
9. Eramet S.A.
10. Toshiba Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Magnetic Refrigeration Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL MAGNETIC REFRIGERATION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
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
4.5 Regulatory Framework
5 GLOBAL MAGNETIC REFRIGERATION MARKET , BY APPLICATION
5.1 Overview
5.2 Transportation
5.3 Industrial
5.4 Domestic
5.5 Commercial
6 GLOBAL MAGNETIC REFRIGERATION MARKET , BY PRODUCT
6.1 Overview
6.2 Heat Pumps
6.3 Refrigeration Systems
6.4 Air Conditioning Systems
7 GLOBAL MAGNETIC REFRIGERATION MARKET , BY GEOGRAPHY
7.1 Overview
7.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
7.5.1 Brazil
7.5.2 Argentina
7.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
8 GLOBAL MAGNETIC REFRIGERATION MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Share
8.3 Vendor Landscape
8.4 Key Development Strategies
9 COMPANY PROFILES
9.1 Camfridge Ltd
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Whirlpool Corporation
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 BASF SE
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Samsung Electronics Co., Ltd
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Vacuumschmelze GmbH & Co. Kg
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Cooltech Applications
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Astronautics Corporation of America
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Qingdao Haier Co., Ltd
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Eramet S.A.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Toshiba Corporation
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
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