Global Magnetic Refrigeration Market Research Report Growing at a CAGR of 98.8% by 2024 With Vendors Analysis like Sigma-Aldrich, VACUUMSCHMELZE Gmbh & Co. KG, Toshiba, Samsung Electronics, Eramet, BASF, Qingdao Haier Co., Ltd., Whirlpool Corporation

Global Magnetic Refrigeration Market accounted to USD 6 billion in 2016 growing at a CAGR of 98.8% during the forecast period of 2017 to 2024.

Top Key Players:

  • Cooltech Applications
  • Camfridge Ltd
  • Astronautics Corporation of America
  • Whirlpool Corporation
  • Qingdao Haier Co. Ltd.
  • Eramet S.A.
  • Samsung Electronics Co., Ltd
  • Toshiba Corporation
  • Sigma-Aldrich Corporation
  • GE

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Report Definition:

Magnetic refrigeration is based on the principle of Magnetocaloric Effect (MCE). Magnetocaloric effect is a phenomenon where Magnetocaoric materials gets heated up when they are immersed in the magnetic field and cool down when removed from it, almost instantly. Magnetic refrigeration is safer, compact, and quieter and it is higher cooling efficient as compared to the traditional gas compression refrigeration. A series of the magnetization-demagnetization cycles to the magnecto caloric alloys is applied in a magnetic refrigeration system.

Competitive Analysis:

Global Magnetic Refrigeration Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

This report consists of below pages:

  • No of pages: 350
  • No of Figures: 60
  • No of Tables: 220

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Market Drivers and Restraints:

  • Low energy consumption by magnetic refrigeration systems
  • Alternative to air conditioners and heat pumps
  • Increasing focus on green technology
  • Low awareness
  • High cost of equipment

Market Segmentation:

On the basis of Product:

  • Refrigeration Systems
  • Air Conditioning Systems
  • Heat Pumps

The refrigeration systems are further segmented into:

  • Refrigerators
  • Cabinet Display Freezers
  • Beverage Coolers
  • Ice Cream Cabinets

The air conditioning systems are further segmented into:

  • Stationary Air Conditioners
  • Mobile Air Conditioners
  • Chillers

On the basis of application:

  • Residential Domestic
  • Commercial
  • Transportation
  • Industrial

The transportation market is further segmented into:

  • Logistics
  • Automotive
  • Aerospace
  • Marine

On the basis of geography:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa.

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Key Reasons to Purchase:

  • To gain insightful analyses of the market and have comprehensive understanding of the Global Magnetic Refrigeration Market and its commercial landscape.
  • Assess the Magnetic Refrigeration production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the Magnetic Refrigeration Market and its impact in the Global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.
  • To understand the future outlook and prospects for Global Magnetic Refrigeration Market.

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