Market Overview:
The global SmCo magnet market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for SmCo magnets in various applications, such as space, national defense, communication, medical equipment and other applications. In terms of type, the 200℃ segment is expected to lead the global SmCo magnet market during the forecast period due to its high demand from various end-use industries. However, with technological advancements and growing awareness about benefits offered by higher temperature grade SmCo magnets among consumers across different regions, 300℃ and 350℃ segments are also projected to witness significant growth during the forecast period.
Product Definition:
SmCo magnet is a rare earth magnet that consists of SmCo5 and Sm2Co17. It has high coercivity and temperature stability. It is used in sensors, motors, medical devices, and other high-tech applications.
200℃:
200 ° is the temperature of SmCo magnetic alloy, which has a Curie temperature of 200 °C. It's an alloy of cobalt and nickel with about 10% manganese, phosphorous and sulfur. It's produced by heating a mixture of cobalt metal powder and nickel scrap at about 1450 °C for several hours in an electric arc furnace.
300℃:
300℃ is the maximum temperature that can be reached by using a standard magnet. The material used in making magnets cannot be cooled below this temperature. It was named so because it was first discovered at 300 degrees Celsius (Tc) in 1725 by the German-Swedish chemist and philosopher Anders Celsius.
The most widely used type of magnet is neodymium magnets, which are often found in small appliances such as refrigerators.
Application Insights:
The space application segment led the global smCo magnet market in 2017 and is projected to witness significant growth over the forecast period. The growing use of magnets for various applications in satellites, including positioning, navigation and timing; attitude control; power distribution; thermal management systems, is expected to drive demand over the coming years.
The communication segment accounted for a substantial share of 15.9% in 2017 owing to increasing demand from smartphones and other communication devices. Smartphones are increasingly using sensors such as accelerometers and gyroscopes for advanced functions such as mobile payments and wireless data transfer that require small size magnetic sensors. Therefore, manufacturers are investing more on research & development activities related to smart materials used in these devices so that they can offer enhanced performance while reducing weight significantly compared with traditional products made up of metal parts only.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period owing to increasing government funding for space and defense programs, which are anticipated to have a positive impact on industry growth. Furthermore, growing demand for advanced medical equipment is also likely to drive regional growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rapid industrialization and improving economic conditions in emerging countries such as China and India.
The European market was valued at USD X million in 2017; however it is anticipated that this number will decrease slightly by 2030 due high saturation of end-use industries there.
Growth Factors:
- Increasing demand from the automotive and electronics industries for miniaturization and weight reduction
- Rising demand for SmCo magnets in medical devices and energy-saving applications
- Growing popularity of SmCo magnets in portable consumer electronics
- Proliferation of hybrid and electric vehicles that require high-performance motors with low weight and size
- Technological advancements that have led to the development of more powerful SmCo magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
SmCo Magnet Market Research Report
By Type
200℃, 300℃, 350℃, Other
By Application
Space, National Defense, Communication, Medical Equipment, Other
By Companies
Master Magnetics, MS-Schramberg GmbH & Co. KG, Ningbo Zhaobao Magnet, ThyssenKrupp Magnettechnik, Magma Magnets Manufacturing, Magengine, LOGIMAG, HEINRICH KIPP WERK KG, ECLIPSE MAGNETICS, CALAMIT, Dura Magnetics, Arnold Magnetic Technologies, Armstrong 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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global SmCo Magnet Market Report Segments:
The global SmCo Magnet market is segmented on the basis of:
Types
200℃, 300℃, 350℃, Other
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
Space, National Defense, Communication, Medical Equipment, Other
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:
- Master Magnetics
- MS-Schramberg GmbH & Co. KG
- Ningbo Zhaobao Magnet
- ThyssenKrupp Magnettechnik
- Magma Magnets Manufacturing
- Magengine
- LOGIMAG
- HEINRICH KIPP WERK KG
- ECLIPSE MAGNETICS
- CALAMIT
- Dura Magnetics
- Arnold Magnetic Technologies
- Armstrong Magnetics
Highlights of The SmCo 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:
- 200℃
- 300℃
- 350℃
- Other
- By Application:
- Space
- National Defense
- Communication
- Medical Equipment
- Other
- 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 SmCo 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?
SmCo Magnet is a type of magnet that is made from a small piece of steel that has been shaped into a coil. This magnet can be used to hold pieces of metal together or to help move objects.
Some of the key players operating in the smco magnet market are Master Magnetics, MS-Schramberg GmbH & Co. KG, Ningbo Zhaobao Magnet, ThyssenKrupp Magnettechnik, Magma Magnets Manufacturing, Magengine, LOGIMAG, HEINRICH KIPP WERK KG, ECLIPSE MAGNETICS, CALAMIT, Dura Magnetics, Arnold Magnetic Technologies, Armstrong Magnetics.
The smco magnet market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SmCo 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 SmCo Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SmCo 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 SmCo 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 SmCo Magnet Market Size & Forecast, 2018-2028
4.5.1 SmCo Magnet Market Size and Y-o-Y Growth
4.5.2 SmCo Magnet Market Absolute $ Opportunity
Chapter 5 Global SmCo 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 SmCo Magnet Market Size Forecast by Type
5.2.1 200℃
5.2.2 300℃
5.2.3 350℃
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SmCo 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 SmCo Magnet Market Size Forecast by Applications
6.2.1 Space
6.2.2 National Defense
6.2.3 Communication
6.2.4 Medical Equipment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SmCo 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 SmCo 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 SmCo Magnet Analysis and Forecast
9.1 Introduction
9.2 North America SmCo 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 SmCo Magnet Market Size Forecast by Type
9.6.1 200℃
9.6.2 300℃
9.6.3 350℃
9.6.4 Other
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 SmCo Magnet Market Size Forecast by Applications
9.10.1 Space
9.10.2 National Defense
9.10.3 Communication
9.10.4 Medical Equipment
9.10.5 Other
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 SmCo Magnet Analysis and Forecast
10.1 Introduction
10.2 Europe SmCo 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 SmCo Magnet Market Size Forecast by Type
10.6.1 200℃
10.6.2 300℃
10.6.3 350℃
10.6.4 Other
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 SmCo Magnet Market Size Forecast by Applications
10.10.1 Space
10.10.2 National Defense
10.10.3 Communication
10.10.4 Medical Equipment
10.10.5 Other
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 SmCo Magnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SmCo 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 SmCo Magnet Market Size Forecast by Type
11.6.1 200℃
11.6.2 300℃
11.6.3 350℃
11.6.4 Other
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 SmCo Magnet Market Size Forecast by Applications
11.10.1 Space
11.10.2 National Defense
11.10.3 Communication
11.10.4 Medical Equipment
11.10.5 Other
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 SmCo Magnet Analysis and Forecast
12.1 Introduction
12.2 Latin America SmCo 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 SmCo Magnet Market Size Forecast by Type
12.6.1 200℃
12.6.2 300℃
12.6.3 350℃
12.6.4 Other
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 SmCo Magnet Market Size Forecast by Applications
12.10.1 Space
12.10.2 National Defense
12.10.3 Communication
12.10.4 Medical Equipment
12.10.5 Other
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) SmCo Magnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SmCo 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) SmCo Magnet Market Size Forecast by Type
13.6.1 200℃
13.6.2 300℃
13.6.3 350℃
13.6.4 Other
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) SmCo Magnet Market Size Forecast by Applications
13.10.1 Space
13.10.2 National Defense
13.10.3 Communication
13.10.4 Medical Equipment
13.10.5 Other
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 SmCo Magnet Market: Competitive Dashboard
14.2 Global SmCo Magnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Master Magnetics
14.3.2 MS-Schramberg GmbH & Co. KG
14.3.3 Ningbo Zhaobao Magnet
14.3.4 ThyssenKrupp Magnettechnik
14.3.5 Magma Magnets Manufacturing
14.3.6 Magengine
14.3.7 LOGIMAG
14.3.8 HEINRICH KIPP WERK KG
14.3.9 ECLIPSE MAGNETICS
14.3.10 CALAMIT
14.3.11 Dura Magnetics
14.3.12 Arnold Magnetic Technologies
14.3.13 Armstrong Magnetics
