Market Overview:
The global electromagnet power supplies market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electromagnets and Helmholtz coils from various end-use industries, such as automotive, aerospace & defense, healthcare, and others. Additionally, the increasing adoption of automatic control systems in electromagnet power supplies is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing these products may hamper the growth of this market during the forecast period.
Product Definition:
An electromagnet power supply is a device that uses electricity to create a magnetic field. This field can be used to power electric motors or other devices that require a magnetic field. The importance of electromagnet power supplies lies in their ability to provide large amounts of power without the need for an external fuel source.
Automatic Control:
Automatic control is a technique where the operator can set up an action and the system will take care of executing it. The most common applications are in manufacturing processes, such as production lines, where there is a need to change some parameter (speed or volume), and another process which needs to be carried out at constant parameters.
Manual Control:
Manual control is a technique where the power supply's output voltage and frequency are adjusted by using a rotary knob or switches. The manual control technique is mostly used in low-power applications such as battery chargers, cell phone chargers, etc.
Advantages of Manual Control over Automatic Control: Advantages of manual control over automatic controls include more accuracy.
Application Insights:
The others application segment includes electromagnets used in MRI, Electromagnetic Induction Therapy (EMIT), and other applications. The use of these devices for medical purposes is increasing owing to their ability to generate high magnetic fields. These devices are also used for the treatment of various diseases such as cancer, arthritis, heart disease and diabetes by providing a constant electric current through the body organs.
The North America market was dominated by the U.S., which accounted for over 45% of the revenue share in 2017 due to a large number of hospitals that use electromagnets for various medical purposes such as EMI therapy and Magnetic Resonance Imaging (MRI). In addition, prominent healthcare companies such as Siemens Healthineers are developing products that ensure better patient care while reducing costs associated with hospitalization and medication administration procedures. This is expected to drive demand over the forecast period in near future.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the global industry owing to increasing research & development activities and technological advancements in countries, such as Germany and U.K. Moreover, presence of large number of manufacturers also contributes toward regional growth. For instance, Siemens AG; Alstom Grid Ltd.; ABB Ltd.; General Electric; Allwis Telecomunicazioni SPA; Infratel Italia SRL; Ramboll Group A/S are some of the prominent players operating in this sector in Europe.
Asia Pacific is anticipated to be one of the fastest-growing regions during forecast period due to rising demand from developing countries like China.
Growth Factors:
- Increasing demand for electromagnet power supplies from the automotive industry for electric and hybrid vehicles.
- Growing demand for electromagnet power supplies from the renewable energy sector to meet the increasing need for solar and wind energy.
- Rising demand from data centers and telecommunications sector due to growth in cloud computing and big data analytics.
- Increasing adoption of electromagnet power supplies in medical devices and equipment owing to its benefits such as precision, accuracy, reliability, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnet Power Supplies Market Research Report
By Type
Automatic Control, Manual Control
By Application
Electromagnet, Helmholtz Coil, Others
By Companies
Lake Shore Cryotronics, Industrial Magnetics, GMW, CAYLAR, Bunting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnet Power Supplies Market Report Segments:
The global Electromagnet Power Supplies market is segmented on the basis of:
Types
Automatic Control, Manual Control
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electromagnet, Helmholtz Coil, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lake Shore Cryotronics
- Industrial Magnetics
- GMW
- CAYLAR
- Bunting
Highlights of The Electromagnet Power Supplies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Control
- Manual Control
- By Application:
- Electromagnet
- Helmholtz Coil
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromagnet Power Supplies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electromagnet power supplies are devices that convert electrical energy into magnetic fields. They are used in a variety of applications, including telecommunications, medical equipment, and industrial machinery.
Some of the key players operating in the electromagnet power supplies market are Lake Shore Cryotronics, Industrial Magnetics, GMW, CAYLAR, Bunting.
The electromagnet power supplies market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromagnet Power Supplies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electromagnet Power Supplies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromagnet Power Supplies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electromagnet Power Supplies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electromagnet Power Supplies Market Size & Forecast, 2018-2028
4.5.1 Electromagnet Power Supplies Market Size and Y-o-Y Growth
4.5.2 Electromagnet Power Supplies Market Absolute $ Opportunity
Chapter 5 Global Electromagnet Power Supplies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electromagnet Power Supplies Market Size Forecast by Type
5.2.1 Automatic Control
5.2.2 Manual Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electromagnet Power Supplies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electromagnet Power Supplies Market Size Forecast by Applications
6.2.1 Electromagnet
6.2.2 Helmholtz Coil
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnet Power Supplies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electromagnet Power Supplies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electromagnet Power Supplies Analysis and Forecast
9.1 Introduction
9.2 North America Electromagnet Power Supplies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electromagnet Power Supplies Market Size Forecast by Type
9.6.1 Automatic Control
9.6.2 Manual Control
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electromagnet Power Supplies Market Size Forecast by Applications
9.10.1 Electromagnet
9.10.2 Helmholtz Coil
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electromagnet Power Supplies Analysis and Forecast
10.1 Introduction
10.2 Europe Electromagnet Power Supplies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electromagnet Power Supplies Market Size Forecast by Type
10.6.1 Automatic Control
10.6.2 Manual Control
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electromagnet Power Supplies Market Size Forecast by Applications
10.10.1 Electromagnet
10.10.2 Helmholtz Coil
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electromagnet Power Supplies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electromagnet Power Supplies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electromagnet Power Supplies Market Size Forecast by Type
11.6.1 Automatic Control
11.6.2 Manual Control
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electromagnet Power Supplies Market Size Forecast by Applications
11.10.1 Electromagnet
11.10.2 Helmholtz Coil
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electromagnet Power Supplies Analysis and Forecast
12.1 Introduction
12.2 Latin America Electromagnet Power Supplies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electromagnet Power Supplies Market Size Forecast by Type
12.6.1 Automatic Control
12.6.2 Manual Control
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electromagnet Power Supplies Market Size Forecast by Applications
12.10.1 Electromagnet
12.10.2 Helmholtz Coil
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electromagnet Power Supplies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electromagnet Power Supplies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electromagnet Power Supplies Market Size Forecast by Type
13.6.1 Automatic Control
13.6.2 Manual Control
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electromagnet Power Supplies Market Size Forecast by Applications
13.10.1 Electromagnet
13.10.2 Helmholtz Coil
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electromagnet Power Supplies Market: Competitive Dashboard
14.2 Global Electromagnet Power Supplies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lake Shore Cryotronics
14.3.2 Industrial Magnetics
14.3.3 GMW
14.3.4 CAYLAR
14.3.5 Bunting
