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Global Magnetic Refrigeration Market to reach USD XX billion by 2027

Global Magnetic Refrigeration Market Size study, by Product (Refrigeration Systems and Air Conditioning Systems), by Application (Commercial, Domestic, Transportation and Industrial) and Regional Forecasts 2020-2027

Product Code: EESAC_37928077
Publish Date: 12-06-2020
Page: 200

Global Magnetic Refrigeration Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Magnetic refrigeration is a cooling technology, based on the magneto caloric effect or adiabatic demagnetization. This technology is used in coolers to accomplish uncommonly low temperatures and are utilized in the refrigeration framework. This technology is progressively conservative, and ecologically friendly when contrasted and the customary gas-pressure refrigeration is used. The increasing government initiatives on green technology, low maintenance costs and compact design and high energy efficiency are the few factors responsible for growth of the market over the forecast period. According to HM Government, the UK Climate Change Act 2008 aims to reduce total greenhouse gas emissions by at least 80 per cent by 2050 as compared to 1990 levels. Moreover, introduction of products and other strategic alliance by the market players will accelerate the demand of the market. For instance: in February 2020, Haier India launched 83 new products in category of IoT based home appliances in India. The company offers refrigerators, air conditioners, washing machines, LED TVs and others, thus, expanding its product portfolio to smart home solutions in India. However, high initial investment and limited field strength of permanent magnets is the major factor restraining the growth of global Magnetic Refrigeration market during the forecast period.

The regional analysis of global Magnetic Refrigeration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the the growing demand for frozen food and the increasing usage of refrigeration in logistics-related applications. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Haier Smart Home Co., Ltd
Camfridge Ltd
Astronautics Corporation Of America
Vacuumschmelze Gmbh & Co. Kg
Samsung Electronics Co., Ltd
Toshiba Corporation
Whirlpool Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Refrigeration Systems
Air Conditioning Systems

By Application:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Magnetic Refrigeration Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Magnetic Refrigeration Market, by Region, 2018-2027 (USD Billion)
1.2.2. Magnetic Refrigeration Market, by Product, 2018-2027 (USD Billion)
1.2.3. Magnetic Refrigeration Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Magnetic Refrigeration Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Magnetic Refrigeration Market Dynamics
3.1. Magnetic Refrigeration Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Magnetic Refrigeration Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Magnetic Refrigeration Market, by Product
5.1. Market Snapshot
5.2. Global Magnetic Refrigeration Market by Product, Performance – Potential Analysis
5.3. Global Magnetic Refrigeration Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Magnetic Refrigeration Market, Sub Segment Analysis
5.4.1. Refrigeration Systems
5.4.2. Air Conditioning Systems
Chapter 6. Global Magnetic Refrigeration Market, by Application
6.1. Market Snapshot
6.2. Global Magnetic Refrigeration Market by Application, Performance – Potential Analysis
6.3. Global Magnetic Refrigeration Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Magnetic Refrigeration Market, Sub Segment Analysis
6.4.1. Commercial
6.4.2. Domestic
6.4.3. Transportation
6.4.4. Industrial
Chapter 7. Global Magnetic Refrigeration Market, Regional Analysis
7.1. Magnetic Refrigeration Market, Regional Market Snapshot
7.2. North America Magnetic Refrigeration Market
7.2.1. U.S. Magnetic Refrigeration Market Product breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Magnetic Refrigeration Market
7.3. Europe Magnetic Refrigeration Market Snapshot
7.3.1. U.K. Magnetic Refrigeration Market
7.3.2. Germany Magnetic Refrigeration Market
7.3.3. France Magnetic Refrigeration Market
7.3.4. Spain Magnetic Refrigeration Market
7.3.5. Italy Magnetic Refrigeration Market
7.3.6. Rest of Europe Magnetic Refrigeration Market
7.4. Asia-Pacific Magnetic Refrigeration Market Snapshot
7.4.1. China Magnetic Refrigeration Market
7.4.2. India Magnetic Refrigeration Market
7.4.3. Japan Magnetic Refrigeration Market
7.4.4. Australia Magnetic Refrigeration Market
7.4.5. South Korea Magnetic Refrigeration Market
7.4.6. Rest of Asia Pacific Magnetic Refrigeration Market
7.5. Latin America Magnetic Refrigeration Market Snapshot
7.5.1. Brazil Magnetic Refrigeration Market
7.5.2. Mexico Magnetic Refrigeration Market
7.6. Rest of The World Magnetic Refrigeration Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Ubiblue Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Haier Smart Home Co., Ltd
8.2.3. Camfridge Ltd
8.2.4. Astronautics Corporation Of America
8.2.5. Vacuumschmelze Gmbh & Co. Kg
8.2.6. BASFasf SeSE
8.2.7. Eramet
8.2.8. Samsung Electronics Co., Ltd
8.2.9. Toshiba Corporation
8.2.10. Whirlpool Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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