Trends and Forecast for the Global Magnetic Refrigeration MarketTrends, opportunities and forecast in magnetic refrigeration market to 2026 by product type (refrigeration system (refrigerators, cabinet display, freezers, ice makers, beverage coolers, and ice cream cabinets), air conditioning system (stationary air conditioners, mobile air conditioners, and chillers), and heat pumps), material (gadolinium and dysprosium alloys, erbium, germanium, and aluminum), end use industry (domestic, commercial, transportation (automotive, aerospace, logistics, andLucintel's latest market report analyzed that magnetic refrigeration provides attractive opportunities in the domestic, commercial, transportation, and industrial sectors. The magnetic refrigeration market is expected to grow with a CAGR of 80% to 85%. In this market, mobile air conditioners is the largest segment by product type, whereas commercial is largest by end use industry.
Download Brochure of this report by clicking on https://www.lucintel.com/magnetic-refrigeration-market.aspx Based on product type, the magnetic refrigeration market is segmented into refrigeration system (refrigerators, cabinet display, freezers, ice makers, beverage coolers, and ice cream cabinets), air conditioning system (stationary air conditioners, mobile air conditioners, and chillers), and heat pumps. The mobile air conditioners segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing adoption in commercial and industrial sectors.
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The Magnetic refrigeration Market is marked by the presence of several big and small players. Some of the prominent players offering magnetic refrigeration include Cooltech Applications, Camfridge Ltd, Astronautics Corporation of America, Whirlpool Corporation, Qingdao Haier Co. Ltd., BASF SE, Eramet S.A., Samsung Electronics Co., Ltd., Toshiba Corporation, VACUUMSCHMELZE GMBH & CO. KG, and Sigma-Aldrich Corporation.
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