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.
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:
- ABB
- Schneider
- Siemens
- Eaton
- Heneywell
- Bosch
- Coto Technology
- Alps Electric
- JEL System
- Tavrida Electric
- Yaskawa
- Hangseng Magnetech
Highlights of The Permanent Magnet Switch 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:
- Semi-Hard Magnet
- Soft Magnet
- Hard/Permanent Magne
- By Application:
- Aerospace Technology
- Industry
- Daily Life Equipment
- Security Alarm
- Measurement
- Control Technique
- 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 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
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?
A permanent magnet switch is a type of electronic switch that uses the principle of magnetic induction to control the flow of electricity. When a current flows through a coil in the switch, it creates a magnetic field around it. This field can be used to turn on and off the current flowing through the coil, which in turn controls how much power is delivered to devices connected to it.
Some of the major companies in the permanent magnet switch market are ABB, Schneider, Siemens, Eaton, Heneywell, Bosch, Coto Technology, Alps Electric, JEL System, Tavrida Electric, Yaskawa, Hangseng Magnetech.
The permanent magnet switch market is expected to grow at a compound annual growth rate of 5.5%.
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