Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electromagnetic Lifting Magnet Market by Type (Rectangular Magnets, Circular Magnets), By Application (Foundry Industries, Recycling Industries, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electromagnetic Lifting Magnet Market by Type (Rectangular Magnets, Circular Magnets), By Application (Foundry Industries, Recycling Industries, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 240582 4200 Machinery & Equipment 377 138 Pages 4.8 (46)
                                          

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.


Global Electromagnetic Lifting Magnet Industry Outlook


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:

  1. Walker Magnetics
  2. SGM Magnetics
  3. Sinfonia Technology
  4. Ohio Magnetics
  5. Kanetec
  6. Magnetic Lifting Technologies US (MLTUS)
  7. Magnet Lifting
  8. WOKO (Heppenstall Technology)
  9. Sumitomo Heavy Industries
  10. Gauss Magneti
  11. Walker Magnetics
  12. Elektromag
  13. Walmag Magnetics
  14. LONGi Magnet
  15. Adoba GmbH
  16. Papko Magnet Co.
  17. Gensco Equipment
  18. Zanetti Magneti
  19. Evertz Group
  20. YATE Magnetics
  21. Hunan Kemeida Electric
  22. Wrinkle Industries
  23. Sarda Magnets
  24. Kakku E & P Control Co.
  25. Moley Magnetics

Global Electromagnetic Lifting Magnet Market Overview


Highlights of The Electromagnetic Lifting Magnet Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Rectangular Magnets
    2. Circular Magnets
  1. By Application:

    1. Foundry Industries
    2. Recycling Industries
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Electromagnetic Lifting Magnet Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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