Market Overview:
Multipole magnet rings are cylindrical magnets with multiple poles on the surface. They are used in a wide range of applications, including motors, generators, hydraulic cylinders, pumps & sensors and other applications. The multipole magnet ring market is expected to grow at a CAGR of 5.5% from 2018 to 2030. Some of the key factors driving the growth of this market include the increasing demand for electric vehicles and rising demand for energy-efficient equipment. Additionally, growing awareness about the benefits of multipole magnet rings is also contributing to the growth of this market.
Product Definition:
Multipole Magnet Rings are a series of rings that create a magnetic field. The rings work together to create a stronger magnetic field than if they were used individually. They are often used in medical devices and research equipment.
Neodymium Magnet:
Neodymium (Nd) is a chemical element that is found in the earth's innermost core. It has the highest magnetic property among all metals. Neodymium along with iron makes up a strong permanent magnet, which can be used in various applications of modern technology including computers and smartphones.
Sintered Ferrite Magnet:
Sintered ferrite magnets are made from powdered iron and nickel. They can be used as replacements for soft magnetic materials such as neodymium, samarium cobalt, and dysprosium. Sintered ferrite magnets have a high resistance to demagnetization when compared with cast iron magnets of the same dimensions.
Application Insights:
The motors segment dominated the global multipole magnet rings market in terms of revenue share in 2017. The growth can be attributed to increasing demand for electric motors from various end-use industries such as automotive, medical and electronics. In addition, technological advancements coupled with innovations are expected to drive the demand further over the forecast period.
The generators segment is anticipated to witness significant growth over the forecast period owing to rising demand for clean energy sources and environmental concerns regarding generator sets that are powered by fossil fuels. Multipole magnets offer better efficiency compared with regular single pole magnets due to their ability to generate high magnetic fields without using additional power sources or devices like electromagnets thereby reducing electricity costs associated therewith generating higher profit margins for manufacturers and suppliers of these products worldwide which is expected drive industry expansion at a rapid pace over the next eight years or so.
Regional Analysis:
The market in Asia Pacific and MEA is anticipated to grow at a significant rate over the forecast period. The growth of these regions can be attributed to increasing demand for motors, generators, pumps & sensors and other applications. The growing industrialization along with rising investments in infrastructure development is expected to drive the market across various countries including China, India, Japan and South Korea among others.
China accounted for more than 30% share of global revenue in 2016 owing to its massive manufacturing sector that includes numerous OEMs such as Dongfeng Motor Corporation; Changan Automobile Group Co., Ltd.; BYD Auto Co., Ltd.; Dongfeng Motor Corp; FAW Group Co., Ltd.; Haima Heavy Industries (Group) Corporation Limited; JAC Motors LLC; Midea Automation Pvt.
Growth Factors:
- Increasing demand for multipole magnet rings in the automotive and electronics industries due to their high performance and efficiency.
- Growing research and development activities in the field of multipole magnet rings technology that is expected to result in new applications and higher demand from various end-use industries.
- Rising awareness about the benefits of multipole magnet rings among consumers, which is likely to boost its adoption across different sectors.
- Technological advancements in manufacturing processes that would lead to lower production costs of multipole magnet rings, making them more affordable for consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multipole Magnet Rings Market Research Report
By Type
Neodymium Magnet, Sintered Ferrite Magnet
By Application
Motors, Generators, Hydraulic Cylinders, Pumps & Sensors, Other
By Companies
Dexter Magnetics, Phoenix America, Hangseng(Ningbo) Magnetech, Ningbo Xinfeng Magnet Industry, Changzhou Gaoxin Magnet, Dongyang Jianhua Magnetic Industry
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Multipole Magnet Rings Market Report Segments:
The global Multipole Magnet Rings market is segmented on the basis of:
Types
Neodymium Magnet, Sintered Ferrite Magnet
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
Motors, Generators, Hydraulic Cylinders, Pumps & Sensors, 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:
- Dexter Magnetics
- Phoenix America
- Hangseng(Ningbo) Magnetech
- Ningbo Xinfeng Magnet Industry
- Changzhou Gaoxin Magnet
- Dongyang Jianhua Magnetic Industry
Highlights of The Multipole Magnet Rings 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:
- Neodymium Magnet
- Sintered Ferrite Magnet
- By Application:
- Motors
- Generators
- Hydraulic Cylinders
- Pumps & Sensors
- 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 Multipole Magnet Rings 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?
Multipole magnet rings are a type of ring magnet that have multiple poles. This allows them to generate a stronger magnetic field than single pole magnets. They're also more versatile, as they can be used in a variety of applications where a strong magnetic field is needed, such as in data storage and printing.
Some of the major players in the multipole magnet rings market are Dexter Magnetics, Phoenix America, Hangseng(Ningbo) Magnetech, Ningbo Xinfeng Magnet Industry, Changzhou Gaoxin Magnet, Dongyang Jianhua Magnetic Industry.
The multipole magnet rings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multipole Magnet Rings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multipole Magnet Rings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multipole Magnet Rings Market - Supply Chain
4.5. Global Multipole Magnet Rings Market Forecast
4.5.1. Multipole Magnet Rings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multipole Magnet Rings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multipole Magnet Rings Market Absolute $ Opportunity
5. Global Multipole Magnet Rings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multipole Magnet Rings Market Size and Volume Forecast by Type
5.3.1. Neodymium Magnet
5.3.2. Sintered Ferrite Magnet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multipole Magnet Rings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multipole Magnet Rings Market Size and Volume Forecast by Application
6.3.1. Motors
6.3.2. Generators
6.3.3. Hydraulic Cylinders
6.3.4. Pumps & Sensors
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multipole Magnet Rings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multipole Magnet Rings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multipole Magnet Rings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multipole Magnet Rings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multipole Magnet Rings Demand Share Forecast, 2019-2026
9. North America Multipole Magnet Rings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multipole Magnet Rings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multipole Magnet Rings Market Size and Volume Forecast by Application
9.4.1. Motors
9.4.2. Generators
9.4.3. Hydraulic Cylinders
9.4.4. Pumps & Sensors
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multipole Magnet Rings Market Size and Volume Forecast by Type
9.7.1. Neodymium Magnet
9.7.2. Sintered Ferrite Magnet
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multipole Magnet Rings Demand Share Forecast, 2019-2026
10. Latin America Multipole Magnet Rings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multipole Magnet Rings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multipole Magnet Rings Market Size and Volume Forecast by Application
10.4.1. Motors
10.4.2. Generators
10.4.3. Hydraulic Cylinders
10.4.4. Pumps & Sensors
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multipole Magnet Rings Market Size and Volume Forecast by Type
10.7.1. Neodymium Magnet
10.7.2. Sintered Ferrite Magnet
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multipole Magnet Rings Demand Share Forecast, 2019-2026
11. Europe Multipole Magnet Rings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multipole Magnet Rings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multipole Magnet Rings Market Size and Volume Forecast by Application
11.4.1. Motors
11.4.2. Generators
11.4.3. Hydraulic Cylinders
11.4.4. Pumps & Sensors
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multipole Magnet Rings Market Size and Volume Forecast by Type
11.7.1. Neodymium Magnet
11.7.2. Sintered Ferrite Magnet
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multipole Magnet Rings Demand Share, 2019-2026
12. Asia Pacific Multipole Magnet Rings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multipole Magnet Rings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multipole Magnet Rings Market Size and Volume Forecast by Application
12.4.1. Motors
12.4.2. Generators
12.4.3. Hydraulic Cylinders
12.4.4. Pumps & Sensors
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multipole Magnet Rings Market Size and Volume Forecast by Type
12.7.1. Neodymium Magnet
12.7.2. Sintered Ferrite Magnet
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multipole Magnet Rings Demand Share, 2019-2026
13. Middle East & Africa Multipole Magnet Rings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multipole Magnet Rings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multipole Magnet Rings Market Size and Volume Forecast by Application
13.4.1. Motors
13.4.2. Generators
13.4.3. Hydraulic Cylinders
13.4.4. Pumps & Sensors
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multipole Magnet Rings Market Size and Volume Forecast by Type
13.7.1. Neodymium Magnet
13.7.2. Sintered Ferrite Magnet
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multipole Magnet Rings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multipole Magnet Rings Market: Market Share Analysis
14.2. Multipole Magnet Rings Distributors and Customers
14.3. Multipole Magnet Rings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dexter Magnetics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Phoenix America
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hangseng(Ningbo) Magnetech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ningbo Xinfeng Magnet Industry
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Changzhou Gaoxin Magnet
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dongyang Jianhua Magnetic Industry
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook