Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Permanent Magnet Switch Market by Type (Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magne), By Application (Aerospace Technology, Industry, Daily Life Equipment, Security Alarm, Measurement, Control Technique) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Permanent Magnet Switch Market by Type (Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magne), By Application (Aerospace Technology, Industry, Daily Life Equipment, Security Alarm, Measurement, Control Technique) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130677 3300 Machinery & Equipment 377 248 Pages 4.6 (36)
                                          

Market Overview:


The global permanent magnet switch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for permanent magnet switches in various applications, such as aerospace technology, industry, daily life equipment, security alarm, measurement and control technique. North America is expected to hold the largest share of the global permanent magnet switch market in 2018. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to rising demand from countries such as China and India.


Global Permanent Magnet Switch Industry Outlook


Product Definition:


A permanent magnet switch is a type of electrical switch that uses a permanent magnet to control the flow of electricity. The purpose of a permanent magnet switch is to provide an easy way to turn on or off electrical devices using a simple, reliable mechanism.


Semi-Hard Magnet:


Semi-hard magnets are magnets that can be easily magnetized but are difficult to demagnetize. They have a Curie temperature higher than the average ferromagnetic metal, but lower than an antiferromagnetic metal. Semi-hard magnets include rare earth metals such as neodymium, samarium, and europium; however they also include some common magnetic materials such as iron oxide (Fe2O3) and nickel cobalt aluminum (NCA).


Soft Magnet:


Soft magnets are magnets that can be easily magnetized. Soft magnets generally have a low coercivity and high magnetic moment. The most common example of soft magnet is the neodymium-iron-boron (NdFeB) material, which has a very low coercivity and high magnetic moment.


Application Insights:


The industry is segmented on the basis of application into aerospace technology, industry, daily life equipment, security alarm and measurement control technique. The daily life equipment segment held a significant share in 2016 owing to increasing demand for compact products with enhanced performance over traditional electromechanical switches.


The aerospace technology segment is expected to witness lucrative growth over the forecast period due to rising demand for high-performance permanent magnets from various end-use industries such as transportation and defense among others. The global permanent magnet switch market has witnessed tremendous growth in recent years owing to its wide applications across different industrial sectors including power generation and distribution along with consumer electronics which include smartphones among others.


Regional Analysis:


North America dominated the global permanent magnet switch market in 2016 with a revenue share of over 35%. The region is expected to witness considerable growth over the forecast period owing to increasing demand for technologically advanced products. In addition, growing adoption of automation and smart devices in industries such as manufacturing, security, and automotive is anticipated to drive the regional market.


Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising investments by governments & private organizations for developing infrastructure facilities in countries such as China & India.


Growth Factors:


  • Increasing demand for energy-efficient and eco-friendly devices
  • Rising demand from the automotive industry
  • Growing popularity of PMS in renewable energy applications
  • Proliferation of smart grids and IoT technologies
  • Technological advancements and innovations

Scope Of The Report

Report Attributes

Report Details

Report Title

Permanent Magnet Switch Market Research Report

By Type

Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magne

By Application

Aerospace Technology, Industry, Daily Life Equipment, Security Alarm, Measurement, Control Technique

By Companies

ABB, Schneider, Siemens, Eaton, Heneywell, Bosch, Coto Technology, Alps Electric, JEL System, Tavrida Electric, Yaskawa, Hangseng Magnetech

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

248

Number of Tables & Figures

174

Customization Available

Yes, the report can be customized as per your need.


Global Permanent Magnet Switch Market Report Segments:

The global Permanent Magnet Switch market is segmented on the basis of:

Types

Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magne

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

Aerospace Technology, Industry, Daily Life Equipment, Security Alarm, Measurement, Control Technique

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. ABB
  2. Schneider
  3. Siemens
  4. Eaton
  5. Heneywell
  6. Bosch
  7. Coto Technology
  8. Alps Electric
  9. JEL System
  10. Tavrida Electric
  11. Yaskawa
  12. Hangseng Magnetech

Global Permanent Magnet Switch Market Overview


Highlights of The Permanent Magnet Switch 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. Semi-Hard Magnet
    2. Soft Magnet
    3. Hard/Permanent Magne
  1. By Application:

    1. Aerospace Technology
    2. Industry
    3. Daily Life Equipment
    4. Security Alarm
    5. Measurement
    6. Control Technique
  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 Permanent Magnet Switch 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 Permanent Magnet Switch 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
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Permanent Magnet Switch 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. Permanent Magnet Switch Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Permanent Magnet Switch Market - Supply Chain
   4.5. Global Permanent Magnet Switch Market Forecast
      4.5.1. Permanent Magnet Switch Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Permanent Magnet Switch Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Permanent Magnet Switch Market Absolute $ Opportunity

5. Global Permanent Magnet Switch 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. Permanent Magnet Switch Market Size and Volume Forecast by Type
      5.3.1. Semi-Hard Magnet
      5.3.2. Soft Magnet
      5.3.3. Hard/Permanent Magne
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Permanent Magnet Switch 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. Permanent Magnet Switch Market Size and Volume Forecast by Application
      6.3.1. Aerospace Technology
      6.3.2. Industry
      6.3.3. Daily Life Equipment
      6.3.4. Security Alarm
      6.3.5. Measurement
      6.3.6. Control Technique
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Permanent Magnet Switch 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. Permanent Magnet Switch 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 Permanent Magnet Switch 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. Permanent Magnet Switch 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 Permanent Magnet Switch Demand Share Forecast, 2019-2029

9. North America Permanent Magnet Switch 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 Permanent Magnet Switch 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 Permanent Magnet Switch Market Size and Volume Forecast by Application
      9.4.1. Aerospace Technology
      9.4.2. Industry
      9.4.3. Daily Life Equipment
      9.4.4. Security Alarm
      9.4.5. Measurement
      9.4.6. Control Technique
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Permanent Magnet Switch Market Size and Volume Forecast by Type
      9.7.1. Semi-Hard Magnet
      9.7.2. Soft Magnet
      9.7.3. Hard/Permanent Magne
   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 Permanent Magnet Switch Demand Share Forecast, 2019-2029

10. Latin America Permanent Magnet Switch 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 Permanent Magnet Switch 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 Permanent Magnet Switch Market Size and Volume Forecast by Application
      10.4.1. Aerospace Technology
      10.4.2. Industry
      10.4.3. Daily Life Equipment
      10.4.4. Security Alarm
      10.4.5. Measurement
      10.4.6. Control Technique
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Permanent Magnet Switch Market Size and Volume Forecast by Type
      10.7.1. Semi-Hard Magnet
      10.7.2. Soft Magnet
      10.7.3. Hard/Permanent Magne
   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 Permanent Magnet Switch Demand Share Forecast, 2019-2029

11. Europe Permanent Magnet Switch 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 Permanent Magnet Switch 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 Permanent Magnet Switch Market Size and Volume Forecast by Application
      11.4.1. Aerospace Technology
      11.4.2. Industry
      11.4.3. Daily Life Equipment
      11.4.4. Security Alarm
      11.4.5. Measurement
      11.4.6. Control Technique
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Permanent Magnet Switch Market Size and Volume Forecast by Type
      11.7.1. Semi-Hard Magne
      11.7.2. Soft Magnet
      11.7.3. Hard/Permanent Magne
   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 Permanent Magnet Switch Demand Share, 2019-2029

12. Asia Pacific Permanent Magnet Switch 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 Permanent Magnet Switch 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 Permanent Magnet Switch Market Size and Volume Forecast by Application
      12.4.1. Aerospace Technology
      12.4.2. Industry
      12.4.3. Daily Life Equipment
      12.4.4. Security Alarm
      12.4.5. Measurement
      12.4.6. Control Technique
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Permanent Magnet Switch Market Size and Volume Forecast by Type
      12.7.1. Semi-Hard Magnet
      12.7.2. Soft Magnet
      12.7.3. Hard/Permanent Magne
   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 Permanent Magnet Switch Demand Share, 2019-2029

13. Middle East & Africa Permanent Magnet Switch 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 Permanent Magnet Switch 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 Permanent Magnet Switch Market Size and Volume Forecast by Application
      13.4.1. Aerospace Technology
      13.4.2. Industry
      13.4.3. Daily Life Equipment
      13.4.4. Security Alarm
      13.4.5. Measurement
      13.4.6. Control Technique
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Permanent Magnet Switch Market Size and Volume Forecast by Type
      13.7.1. Semi-Hard Magnet
      13.7.2. Soft Magnet
      13.7.3. Hard/Permanent Magne
   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 Permanent Magnet Switch Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Permanent Magnet Switch Market: Market Share Analysis
   14.2. Permanent Magnet Switch Distributors and Customers
   14.3. Permanent Magnet Switch Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ABB
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Schneider
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Siemens
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Eaton
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Heneywell
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Bosch
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Coto Technology
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Alps Electric
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. JEL System
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Tavrida Electric
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Yaskawa
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Hangseng Magnetech
         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

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