Newstrail.com

Search

Permanent Magnets Market, Ongoing Trends And Recent Developments by Fact MR

Permanent Magnets Market

The global permanent magnets market is estimated at US$ 40.56 billion in 2023 and is forecasted to surge ahead at a CAGR of 8.5% and reach a valuation of US$ 91.71 billion by the end of 2033. The global Permanent Magnets Market has emerged as a critical player in various industries, driving technological advancements and innovation. Permanent magnets, characterized by their […]

Permanent Magnets Market Size to Surpass US$ 91.71 Billion by 2033, at 8.5% CAGR

Permanent Magnets Market

The global permanent magnets market, valued at US$ 40.56 billion in 2023, is expected to rise at a healthy 8.5% compound annual growth rate (CAGR) and reach US$ 91.71 billion by 2033. The growing emphasis on renewable energy sources, particularly solar and wind, is expected to boost demand for permanent magnets. Permanent magnets play an […]