Market Overview:
The global NdFeB radiation multipole magnetic ring market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for NdFeB radiation multipole magnetic rings in various applications such as CNC machine tools, aerospace, military industry, precision weapon, robot and refrigerator among others. Additionally, the growing demand for high coercivity NdFeB radiation multipole magnetic rings is also contributing significantly to the growth of this market. However, fluctuations in prices of rare earth metals used in manufacturing these magnets may hamper the market growth to some extent during the forecast period.
Product Definition:
A radiation multipole magnetic ring is a device made of neodymium-iron-boron (NdFeB) magnets that helps concentrate and radiate electromagnetic energy. They are used in antennas, radar systems, and other devices that need to emit or collect electromagnetic energy.
Low Coercivity:
Low Coercivity magnets are neodymium-iron-boron (NdFeB) based permanent magnetic materials. NdFeB has a low Curie temperature and high saturation flux density, which makes them useful in various applications such as hard disk drives, computer memory, and consumer electronics. The growing demand for small form factor devices with higher efficiency is expected to drive the Low Coercivity Multipole Magnetic Ring market growth over the forecast period.
Medium Coercivity:
Medium Coercivity and it's usage in NdFeB Radiation Multipole Magnetic Ring market is a new technology that uses magnetic fields to confine and hold the radioactive element inside a metal ring. The radioactive element can be uranium, thorium, actinium or any other rare earth elements.
Application Insights:
The global demand for the product has witnessed a paradigm shift owing to its use in manufacturing CNC machine tools. The segment accounted for over 50% of the overall market revenue in 2016 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from various industries, including automotive, aerospace and defense among others.
Aerospace is one of the leading end-use industries that have been significantly impacted by this technology owing to benefits offered such as high precision machining with low lathe speed which reduces energy consumption and maintenance cost along with improved part quality. Furthermore, reduced size of magnets also improves aircraft efficiency through reduction in drag caused due to wind resistance on an aircraft wing surface or body surface when there is no wind at all (static situation). These factors are expected drive industry growth during future years thereby propelling NdFeB magnets growth across various applications globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of major players, technological advancements, and high demand for high-quality products from various end-use industries such as aerospace & defense, automotive, energy & power. Moreover, growing R&D activities by key companies are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to rapid industrialization and increasing government investments in infrastructure development initiatives coupled with favorable government regulations aimed at promoting foreign direct investments (FDI). Furthermore, rising disposable income levels among middle class population groups are expected to fuel product demand from domestic applications such as consumer appliances and medical equipment over next eight years.
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of neodymium-iron-boron magnets in renewable energy applications
- Rising demand for miniaturized and high-performance magnets
- Proliferation of new applications for NdFeB radiation multipole magnetic rings
- Technological advancements that improve the performance and durability of these magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
NdFeB Radiation Multipole Magnetic Ring Market Research Report
By Type
Low Coercivity, Medium Coercivity, High Coercivity, Others
By Application
CNC Machine Tools, Aerospace, Military Industry, Precision Weapon, Robot, Refrigerator, Air Conditioner, Others
By Companies
Baotou Research Institute Of Rare Earths (BRIRE), Huizhou Ciyan Technology, Spear & Jackson Group, Baotou Inst Magnetic New Materials, Rare Earth Magnet, DAIDO ELECTRONICS, SDM 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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global NdFeB Radiation Multipole Magnetic Ring Market Report Segments:
The global NdFeB Radiation Multipole Magnetic Ring market is segmented on the basis of:
Types
Low Coercivity, Medium Coercivity, High Coercivity, Others
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
CNC Machine Tools, Aerospace, Military Industry, Precision Weapon, Robot, Refrigerator, Air Conditioner, 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:
- Baotou Research Institute Of Rare Earths (BRIRE)
- Huizhou Ciyan Technology
- Spear & Jackson Group
- Baotou Inst Magnetic New Materials
- Rare Earth Magnet
- DAIDO ELECTRONICS
- SDM Magnetics
Highlights of The NdFeB Radiation Multipole Magnetic Ring 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:
- Low Coercivity
- Medium Coercivity
- High Coercivity
- Others
- By Application:
- CNC Machine Tools
- Aerospace
- Military Industry
- Precision Weapon
- Robot
- Refrigerator
- Air Conditioner
- 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 NdFeB Radiation Multipole Magnetic Ring 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?
NdFeB radiation multipole magnetic ring is a type of radiation shield that uses the principles of magnetism to protect against high-energy particles and electromagnetic waves. The ring consists of several closely spaced, superconducting coils that generate a powerful magnetic field. This field deflects incoming particles and waves away from the device, protecting it from damage.
Some of the major players in the ndfeb radiation multipole magnetic ring market are Baotou Research Institute Of Rare Earths (BRIRE), Huizhou Ciyan Technology, Spear & Jackson Group, Baotou Inst Magnetic New Materials, Rare Earth Magnet, DAIDO ELECTRONICS, SDM Magnetics.
The ndfeb radiation multipole magnetic ring market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size & Forecast, 2018-2028
4.5.1 NdFeB Radiation Multipole Magnetic Ring Market Size and Y-o-Y Growth
4.5.2 NdFeB Radiation Multipole Magnetic Ring Market Absolute $ Opportunity
Chapter 5 Global NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
5.2.1 Low Coercivity
5.2.2 Medium Coercivity
5.2.3 High Coercivity
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
6.2.1 CNC Machine Tools
6.2.2 Aerospace
6.2.3 Military Industry
6.2.4 Precision Weapon
6.2.5 Robot
6.2.6 Refrigerator
6.2.7 Air Conditioner
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Analysis and Forecast
9.1 Introduction
9.2 North America NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
9.6.1 Low Coercivity
9.6.2 Medium Coercivity
9.6.3 High Coercivity
9.6.4 Others
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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
9.10.1 CNC Machine Tools
9.10.2 Aerospace
9.10.3 Military Industry
9.10.4 Precision Weapon
9.10.5 Robot
9.10.6 Refrigerator
9.10.7 Air Conditioner
9.10.8 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 NdFeB Radiation Multipole Magnetic Ring Analysis and Forecast
10.1 Introduction
10.2 Europe NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
10.6.1 Low Coercivity
10.6.2 Medium Coercivity
10.6.3 High Coercivity
10.6.4 Others
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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
10.10.1 CNC Machine Tools
10.10.2 Aerospace
10.10.3 Military Industry
10.10.4 Precision Weapon
10.10.5 Robot
10.10.6 Refrigerator
10.10.7 Air Conditioner
10.10.8 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 NdFeB Radiation Multipole Magnetic Ring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
11.6.1 Low Coercivity
11.6.2 Medium Coercivity
11.6.3 High Coercivity
11.6.4 Others
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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
11.10.1 CNC Machine Tools
11.10.2 Aerospace
11.10.3 Military Industry
11.10.4 Precision Weapon
11.10.5 Robot
11.10.6 Refrigerator
11.10.7 Air Conditioner
11.10.8 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 NdFeB Radiation Multipole Magnetic Ring Analysis and Forecast
12.1 Introduction
12.2 Latin America NdFeB Radiation Multipole Magnetic Ring 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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
12.6.1 Low Coercivity
12.6.2 Medium Coercivity
12.6.3 High Coercivity
12.6.4 Others
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 NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
12.10.1 CNC Machine Tools
12.10.2 Aerospace
12.10.3 Military Industry
12.10.4 Precision Weapon
12.10.5 Robot
12.10.6 Refrigerator
12.10.7 Air Conditioner
12.10.8 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) NdFeB Radiation Multipole Magnetic Ring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NdFeB Radiation Multipole Magnetic Ring 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) NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Type
13.6.1 Low Coercivity
13.6.2 Medium Coercivity
13.6.3 High Coercivity
13.6.4 Others
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) NdFeB Radiation Multipole Magnetic Ring Market Size Forecast by Applications
13.10.1 CNC Machine Tools
13.10.2 Aerospace
13.10.3 Military Industry
13.10.4 Precision Weapon
13.10.5 Robot
13.10.6 Refrigerator
13.10.7 Air Conditioner
13.10.8 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 NdFeB Radiation Multipole Magnetic Ring Market: Competitive Dashboard
14.2 Global NdFeB Radiation Multipole Magnetic Ring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baotou Research Institute Of Rare Earths (BRIRE)
14.3.2 Huizhou Ciyan Technology
14.3.3 Spear & Jackson Group
14.3.4 Baotou Inst Magnetic New Materials
14.3.5 Rare Earth Magnet
14.3.6 DAIDO ELECTRONICS
14.3.7 SDM Magnetics
