Global Magnetic Refrigeration Market Forecasting CAGR of 98.8% and Organizational Analysis by BASF SE, Samsung Electronics Co., Ltd, Toshiba Corporation, Sigma-Aldrich Corporation, GE

“\”Magnetic Refrigeration Market\””
“Global Magnetic Refrigeration Market by Product, Countries, Application and End-User, Forecast to 2024” newly adds in database. This report covers leading key company profiles with information such as business overview, new Trends, regional analysis, consumption, revenue and specification.

Magentic 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.

The 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. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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lobal Magnetic Refrigeration Market, By Product{ refrigeration systems (Refrigerators, Cabinet Display Freezers, Beverage Coolers, Ice Cream Cabinets), Air Conditioning Systems (Stationary Air Conditioners, Mobile Air Conditioners, Chillers), Heat Pumps} By Application{ Domestic, Commercial, Transportation(Logistics, Automotive, Aerospace, Marine), Industrial(Food & Beverage Processing and Storage, Healthcare), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.

This Report Consists of:

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

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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

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

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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.

Frequently Asked Questions:

  • What will the market size be in 2024?
  • What are the key factors driving the global market?
  • What are the challenges to market growth?
  • Who are the key players in the market?
  • What are the market opportunities and threats faced by the key players?
  • What will be the growth rate in 2024?
  • Which strategies are used by top players in the Global Magnetic Refrigeration Market?

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