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.
- BASF SE
- Eramet S.A.
- Samsung Electronics Co., Ltd
- Toshiba Corporation
- VACUUMSCHMELZE GMBH & CO. KG
- Sigma-Aldrich Corporation
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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.
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
On the basis of Product:
- Refrigeration Systems
- Air Conditioning Systems
- Heat Pumps
The refrigeration systems are further segmented into:
- Cabinet Display Freezers
- Beverage Coolers
- Ice Cream Cabinets
The air conditioning systems are further segmented into:
- Stationary Air Conditioners
- Mobile Air Conditioners
On the basis of application:
- Residential Domestic
The transportation market is further segmented into:
On the basis of geography:
- North America
- South America
- Middle East & Africa.
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