Market Overview:
The global electromagnetic lifting magnet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electromagnetic lifting magnets in foundry industries, recycling industries, and other applications. In terms of type, the rectangular magnets segment is expected to hold the largest share of the global market during the forecast period. This can be attributed to their high strength and durability as compared to other types of magnets. In terms of region, North America is expected to lead the global market in terms of revenue during the forecast period.
Product Definition:
An electromagnet is an electrical conductor, usually a coil of wire, that becomes magnetized when an electric current flows through it. The magnetic field produced by the current can be used to lift or move objects.
Rectangular Magnets:
rectangular magnets, rectangular bar magnets, rectangle rare earth magnets are magnetic bars of high enough length and width that can be magnetized in any direction. Rectangular Magnets are widely used in Electromagnetic Lifting Magnet (EMLM) devices as they provide higher energy efficiency when compared to round or hexagonal shaped magnets.
Circular Magnets:
Circular magnets are magnets with the north and south pole at the same end of the magnet. They can be used in electromagnetic lifting magnet applications. The figure to the right represents a typical circular magnet.
Application Insights:
The others application segment includes construction, foundry and recycling industries. Electromagnetic lifters are widely used in the construction industry for various applications such as material handling, site preparation, concrete lifting and disposal. The growing use of these equipment in the civil engineering sector is expected to drive demand over the forecast period.
Electromagnetic lifters are also used extensively in foundry industries owing to their ability to reduce energy consumption by 50%. These magnets can be re-configured based on load capacity thereby reducing downtime and increasing productivity. Furthermore, they eliminate human efforts such as pushing or pulling heavy loads that require a great deal of strength which results into reduced labor costs thus making them an attractive solution for manufacturers operating within this industry verticals.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for recycling and construction activities in emerging economies, such as India and China. In addition, rising number of manufacturing facilities in this region will drive product demand further.
Europe accounted for a significant share of global market revenue owing to high adoption rate of advanced technologies across various industries especially metallurgy, mining, oil & gas sector. Moreover magnetic lifters are widely used in metal shredding applications which results into high penetration rate of EMLM technology across Europe countries including Germany, U.K.
Growth Factors:
- Increasing demand for Electromagnetic Lifting Magnet from end-use industries such as automotive, aerospace, and defense due to the advantages offered by these magnets over traditional lifting methods.
- Growing popularity of Electromagnetic Lifting Magnet in small and medium enterprises (SMEs) owing to the low cost of ownership and easy installation.
- Rising research and development activities undertaken by key players in the market to develop innovative products that can cater to the changing needs of consumers.
- Proliferation of online retail platforms that offer a wide range of Electromagnetic Lifting Magnet products at competitive prices, thereby aiding in market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic Lifting Magnet Market Research Report
By Type
Rectangular Magnets, Circular Magnets
By Application
Foundry Industries, Recycling Industries, Others
By Companies
Walker Magnetics, SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec, Magnetic Lifting Technologies US (MLTUS), Magnet Lifting, WOKO (Heppenstall Technology), Sumitomo Heavy Industries, Gauss Magneti, Walker Magnetics, Elektromag, Walmag Magnetics, LONGi Magnet, Adoba GmbH, Papko Magnet Co., Gensco Equipment, Zanetti Magneti, Evertz Group, YATE Magnetics, Hunan Kemeida Electric, Wrinkle Industries, Sarda Magnets, Kakku E & P Control Co., Moley Magnetics
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic Lifting Magnet Market Report Segments:
The global Electromagnetic Lifting Magnet market is segmented on the basis of:
Types
Rectangular Magnets, Circular Magnets
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
Foundry Industries, Recycling Industries, 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:
- Walker Magnetics
- SGM Magnetics
- Sinfonia Technology
- Ohio Magnetics
- Kanetec
- Magnetic Lifting Technologies US (MLTUS)
- Magnet Lifting
- WOKO (Heppenstall Technology)
- Sumitomo Heavy Industries
- Gauss Magneti
- Walker Magnetics
- Elektromag
- Walmag Magnetics
- LONGi Magnet
- Adoba GmbH
- Papko Magnet Co.
- Gensco Equipment
- Zanetti Magneti
- Evertz Group
- YATE Magnetics
- Hunan Kemeida Electric
- Wrinkle Industries
- Sarda Magnets
- Kakku E & P Control Co.
- Moley Magnetics
Highlights of The Electromagnetic Lifting Magnet 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:
- Rectangular Magnets
- Circular Magnets
- By Application:
- Foundry Industries
- Recycling Industries
- 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 Electromagnetic Lifting Magnet 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?
An electromagnetic lifting magnet is a type of magnet that uses an electric current to lift objects. The electric current creates a magnetic field that pulls the object towards the magnet.
Some of the key players operating in the electromagnetic lifting magnet market are Walker Magnetics, SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec, Magnetic Lifting Technologies US (MLTUS), Magnet Lifting, WOKO (Heppenstall Technology), Sumitomo Heavy Industries, Gauss Magneti, Walker Magnetics, Elektromag, Walmag Magnetics, LONGi Magnet, Adoba GmbH, Papko Magnet Co., Gensco Equipment, Zanetti Magneti, Evertz Group, YATE Magnetics, Hunan Kemeida Electric, Wrinkle Industries, Sarda Magnets, Kakku E & P Control Co., Moley Magnetics.
The electromagnetic lifting magnet 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 Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size & Forecast, 2018-2028 4.5.1 Electromagnetic Lifting Magnet Market Size and Y-o-Y Growth 4.5.2 Electromagnetic Lifting Magnet Market Absolute $ Opportunity
Chapter 5 Global Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Type
5.2.1 Rectangular Magnets
5.2.2 Circular Magnets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Applications
6.2.1 Foundry Industries
6.2.2 Recycling Industries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Analysis and Forecast
9.1 Introduction
9.2 North America Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Type
9.6.1 Rectangular Magnets
9.6.2 Circular Magnets
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 Electromagnetic Lifting Magnet Market Size Forecast by Applications
9.10.1 Foundry Industries
9.10.2 Recycling Industries
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 Electromagnetic Lifting Magnet Analysis and Forecast
10.1 Introduction
10.2 Europe Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Type
10.6.1 Rectangular Magnets
10.6.2 Circular Magnets
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 Electromagnetic Lifting Magnet Market Size Forecast by Applications
10.10.1 Foundry Industries
10.10.2 Recycling Industries
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 Electromagnetic Lifting Magnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Type
11.6.1 Rectangular Magnets
11.6.2 Circular Magnets
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 Electromagnetic Lifting Magnet Market Size Forecast by Applications
11.10.1 Foundry Industries
11.10.2 Recycling Industries
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 Electromagnetic Lifting Magnet Analysis and Forecast
12.1 Introduction
12.2 Latin America Electromagnetic Lifting Magnet 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 Electromagnetic Lifting Magnet Market Size Forecast by Type
12.6.1 Rectangular Magnets
12.6.2 Circular Magnets
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 Electromagnetic Lifting Magnet Market Size Forecast by Applications
12.10.1 Foundry Industries
12.10.2 Recycling Industries
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) Electromagnetic Lifting Magnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electromagnetic Lifting Magnet 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) Electromagnetic Lifting Magnet Market Size Forecast by Type
13.6.1 Rectangular Magnets
13.6.2 Circular Magnets
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) Electromagnetic Lifting Magnet Market Size Forecast by Applications
13.10.1 Foundry Industries
13.10.2 Recycling Industries
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 Electromagnetic Lifting Magnet Market: Competitive Dashboard
14.2 Global Electromagnetic Lifting Magnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Walker Magnetics
14.3.2 SGM Magnetics
14.3.3 Sinfonia Technology
14.3.4 Ohio Magnetics
14.3.5 Kanetec
14.3.6 Magnetic Lifting Technologies US (MLTUS)
14.3.7 Magnet Lifting
14.3.8 WOKO (Heppenstall Technology)
14.3.9 Sumitomo Heavy Industries
14.3.10 Gauss Magneti
14.3.11 Walker Magnetics
14.3.12 Elektromag
14.3.13 Walmag Magnetics
14.3.14 LONGi Magnet
14.3.15 Adoba GmbH
14.3.16 Papko Magnet Co.
14.3.17 Gensco Equipment
14.3.18 Zanetti Magneti
14.3.19 Evertz Group
14.3.20 YATE Magnetics
14.3.21 Hunan Kemeida Electric
14.3.22 Wrinkle Industries
14.3.23 Sarda Magnets
14.3.24 Kakku E & P Control Co.
14.3.25 Moley Magnetics