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Magnetic Refrigeration Market by Product ((Refrigeration Systems (Beverage Cooler, Cabinet Display, Refrigerator), Air Conditioning Systems)), Application (Domestic, Commercial, Transportation, and Industrial), and Geography - Global Forecast to 2027

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Date: 20-Oct-2020
No. of pages: 180
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“Compact design and high energy efficiency of magnetic refrigeration technology is set to drive the market.”

The magnetic refrigeration market is expected to be commercialized by 2022 at USD 4 million, and it is expected to grow at a CAGR of 105.4 % from 2022 to 2027 to reach USD 165 million by 2027.One of the advantages of the magnetic refrigeration system is the compactness where solid substances are used as working materials and thus do not occupy a prominent place. This also reduces maintenance costs to a great extent and ensures smooth functioning. Secondly, magnetic refrigeration has higher energy efficiency than conventional refrigerators—the attainable efficiency of the former is in the range of 30–60% while that of the latter, according to a Carnot cycle, is only 5–10%.

High initial investment and limited field strength of permanent magnets are expected to restrain the growth of the magnetic refrigeration market.Moreover, the need for suitable magnetocaloric materials and lack of awareness of benefits of magnetic refrigeration technology acts as challenges to the market growth.

The magnetic refrigeration technology comes with several advantages in order to attain sustainable change, which is environmentally friendly. Despite its advantages, this technology is still mostly in the development phase and is yet to be commercialized. Once a clean energy technology is created and has been determined to have the potential of a strong market competitor, the focus shifts toward establishing the market by building product awareness and demand. Early adopters may already be eager to purchase the technology once it hits the market, but considerable efforts will be needed to expand the market to the average consumer, who is naturally reluctant to change. Therefore, it is very important to raise public awareness regarding the technological, energy-saving, and environmental benefits of magnetic refrigeration.

“Refrigeration System: The largest shareholder of the product segment of magnetic refrigeration market.”

Refrigeration system is expected to be the major contributor to the magnetic refrigeration market since companies such as Ubiblue (France), BASF SE (Germany), Camfridge Ltd. (UK), VACUUMSCHMELZE GmbH & Co. KG (Germany), and Magnotherm Solutions (Germany) are expected to come up with products such as beverage coolers and cabinet displays in next few years. The demand is also likely to be driven by players focusing on entering the market with refrigeration systems. Magnetic refrigeration systems do not use compressors and refrigerants; therefore, they have reduced operational and maintenance expenses, along with increased energy efficiency. Many countries are focusing on phasing out environmentally harmful refrigerants such as HCFCs. Products for air conditioning systems are expected to be commercialized in 2023. Improved energy efficiency, environmental compatibility, and safety are the most important features of the magnetic refrigeration technology that are expected to drive the market and enable its adoption in a wide range of products.

“Commercial: The largest application segment of the magnetic refrigeration market.”

The commercial application includes places that are used for business, such as offices, malls, and shops. This sector is poised to grow significantly in the coming years with the commercialization of magnetic refrigeration technology. From a technological point of view, magnetic refrigeration is a clean technology that has revolutionized cooling systems, and it needs to be available in the market. There are various potential applications of magnetic refrigeration systems. Initial developments have been orientated toward the commercial and domestic refrigeration markets, and include display cases, beverage coolers, and commercial or domestic fridges.

“Europe: The largest-growing region in the global magnetic refrigeration market.”

Europe is expected to be the largest market for magnetic refrigeration technology due to the increased awareness about global warming and ozone-depleting refrigerants. The presence of major players in the region that are involved in the magnetic refrigeration technology, such as Ubiblue (France), BASF SE (Germany), and Camfridge Ltd. (UK), is also one of the reasons behind the growth of the European market. These companies are initially focusing on local customers to sell their products and gradually create awareness among global customers. The growing market for packaged food and the rising concern for environmental issues are also expected to drive the European market.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs.

The break-up of the primaries is as follows:


  • By Company Type: Tier 1– 40%, Tier 2– 25%, and Tier 3 – 35%

  • By Designation: C-level Executives– 35%, Directors– 28%, and Others – 37%

  • By Region: Europe– 45%,North America– 40%,APAC– 10%, and RoW– 5%


Ubiblue (France), Haier Smart Home Co., Ltd (China),Camfridge Ltd (UK), Astronautics Corporation of America (US), VACUUMSCHMELZE GmbH & Co. KG (Germany), BASF SE (Germany), ERAMET (France), Samsung Electronics Co., Ltd (South Korea), Toshiba Corporation (Japan), Whirlpool Corporation (US), MagnoTherm Solutions (Germany), Millipore Sigma (US), General Engineering and Research (US), KIRSCH (Germany), CCS SA (Switzerland), TCS Micropumps Ltd (UK), Kiutra (Germany) and Cemafroid (France) are among a few of the key players in the magnetic refrigeration market.

Research Coverage:

The report segments the magnetic refrigeration market and forecasts its size, by value,based on Product (Refrigeration System and Air Conditioning System),and by Application (Commercial, Domestic, Transportation and Industrial) and region (Asia Pacific, Europe, North America, and RoW),.

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the magnetic refrigeration market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the fingerprint sensor market and provides them information on key market drivers, restraints, challenges, and opportunities.Report covers COVID-19 impact on overall refrigeration industry.

Magnetic Refrigeration Market by Product ((Refrigeration Systems (Beverage Cooler, Cabinet Display, Refrigerator), Air Conditioning Systems)), Application (Domestic, Commercial, Transportation, and Industrial), and Geography - Global Forecast to 2027

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition And Scope
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Inclusions And Exclusions
1.5 Years Considered
1.6 Currency
1.7 Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Magnetic Refrigeration Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown Of Primaries
2.1.2.3 Key Data From Primary Sources
2.2 Market Size Estimation
Figure 2 Research Flow Of Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach For Capturing Market Size By Top-Down Analysis (Supply Side)
Figure 3 Supply Size Estimation To Arrive At Market Size
2.3 Market Breakdown And Data Triangulation
Figure 4 Data Triangulation
2.4 Research Assumptions
Figure 5 Assumptions For Research Study

3 Executive Summary
Figure 6 Refrigeration Systems To Hold Largest Market Size During Forecast Period
Figure 7 Commercial Application To Hold Largest Market Size For Magnetic Refrigeration During Forecast Period
Figure 8 Magnetic Refrigeration Market In Apac To Grow At Highest Cagr During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities In Magnetic Refrigeration Market
Figure 9 Government Regulations In Various Countries To Adopt Green Technology To Drive Market Growth
4.2 Magnetic Refrigeration Market In Europe, By Product And Application
Figure 10 Refrigeration System And Commercial Application Segments To Hold Largest Shares Of Magnetic Refrigeration Market In Europe By 2027
4.3 Magnetic Refrigeration Market, By Type
Figure 11 Beverage Coolers To Hold Largest Market Size Of Magnetic Refrigeration System
4.4 Magnetic Refrigeration Market, By Country
Figure 12 Magnetic Refrigeration Market In China To Grow At Highest Cagr From 2022 To 2027

5 Market Overview
5.1 Market Dynamics
Figure 13 Growing Adoption Of Magnetic Refrigeration Technology Due To Rising Focus On Energy Efficient And Environmentally Friendly Products
Figure 14 Magnetic Refrigeration Market Drivers And Their Impact
Figure 15 Magnetic Refrigeration Market Restraints And Their Impact
Figure 16 Magnetic Refrigeration Market Opportunities And Their Impact
Figure 17 Magnetic Refrigeration Market Challenges And Their Impact
5.1.1 Drivers
5.1.1.1 Increasing Government Initiatives On Green Technology
5.1.1.2 Low Maintenance Costs
5.1.1.3 Compact Design And High Energy Efficiency
Figure 18 Distribution Of Global Refrigeration Sector’s Electricity Consumption
5.1.2 Restraints
5.1.2.1 High Initial Investment
5.1.2.2 Limited Field Strength Of Permanent Magnets
5.1.3 Opportunities
5.1.3.1 Adoption Of Magnetic Refrigeration In Commercial Sector
5.1.3.2 High Potential In Industrial Sector
5.1.4 Challenges
5.1.4.1 Need For Suitable Magnetocaloric Materials
5.1.4.2 Lack Of Awareness Of Benefits Of Magnetic Refrigeration
5.2 Value Chain Analysis
5.3 Government Regulations Related To Refrigeration & Air-Conditioning
5.4 Technology Analysis
5.5 Patent Analysis
5.6 Use Cases For Magnetic Refrigeration
5.7 Asp Analysis Of Magnetic Refrigeration System
Figure 19 Asp Analysis Of Magnetic Refrigeration System
5.8 Ecosystem For Refrigeration Industry
Figure 20 Ecosystem For Refrigeration Industry

6 Magnetic Refrigeration Market, By Product
6.1 Introduction
Figure 21 Refrigeration System To Hold Largest Market Size Of Magnetic Refrigeration Market During Forecast Period
Table 1 Magnetic Refrigeration Market, By Product, 2022–2027 (Usd Million)
Table 2 Magnetic Refrigeration Market In Terms Of Volume, 2022–2027 (Thousand Units)
6.2 Refrigeration System
Figure 22 Beverage Coolers To Dominate Magnetic Refrigeration Market During Forecast Period
Table 3 Magnetic Refrigeration Market For Refrigeration System, By Type, 2022–2027 (Usd Million))
Figure 23 Commercial Application To Hold Largest Market Size For Magnetic Refrigeration Systems During Forecast Period
Table 4 Magnetic Refrigeration Market For Refrigeration System, By Application, 2022–2027 (Usd Million)
Table 5 Magnetic Refrigeration Market For Refrigeration System For Transportation, By Application, 2024–2027 (Usd Million)
Table 6 Magnetic Refrigeration Market For Refrigeration System For Industrial, By Application, 2023–2027 (Usd Million)
Figure 24 Europe To Hold Largest Market Size For Magnetic Refrigeration Systems During Forecast Period
Table 7 Magnetic Refrigeration Market For Refrigeration System, By Region, 2022–2027 (Usd Million)
6.2.1 Beverage Coolers
6.2.1.1 Compactness And Energy Efficiency To Drive Market Growth
Figure 25 Apac To Grow At Highest Rate For Beverage Coolers In Magnetic Refrigeration Market
Table 8 Magnetic Refrigeration Market For Beverage Coolers, By Region, 2022–2027 (Usd Million)
6.2.2 Cabinet Displays
6.2.2.1 Higher Efficiency And Greater Reliability To Propel Market Growth
Table 9 Magnetic Refrigeration Market For Cabinet Displays, By Region, 2022–2027 (Usd Million)
6.2.3 Ice Cream Cabinets
6.2.3.1 Ice Cream Cabinets Induced With Magnetic Cooling Technology To Have Lower Maintenance Costs, Leading To Better Roi
Table 10 Magnetic Refrigeration Market For Ice Cream Cabinets, By Region, 2022–2027 (Usd Million)
6.2.4 Freezers
6.2.4.1 Rising Government Initiatives To Phase Out Harmful Refrigerants To Drive Market Growth
Table 11 Magnetic Refrigeration Market For Freezers, By Region, 2023–2027 (Usd Million)
6.2.5 Refrigerators
6.2.5.1 Refrigerators To Grow At Highest Cagr
Table 12 Magnetic Refrigeration Market For Refrigerators, By Region, 2023–2027 (Usd Million)
6.3 Air Conditioning Systems
Figure 26 Stationary Air Conditioners To Hold Largest Size Of Magnetic Refrigeration Market For Air Conditioning Systems
Table 13 Magnetic Refrigeration Market For Air Conditioning System, By Type, 2023–2027 (Usd Million)
Figure 27 Commercial Application To Hold Largest Size Of Magnetic Refrigeration Market For Air Conditioning Systems
Table 14 Magnetic Refrigeration Market For Air Conditioning Systems, By Application, 2023–2027 (Usd Thousand)
Table 15 Magnetic Refrigeration For Air Conditioning System Market For Transportation, By Application, 2024–2027 (Usd Thousand)
Table 16 Magnetic Refrigeration Market For Air Conditioning System For Industrial, By Application, 2023–2027 (Usd Million)
Figure 28 Europe To Hold Largest Market Size Of Air Conditioning Systems During Forecast Period
Table 17 Magnetic Refrigeration Market For Air-Conditioning Systems, By Region, 2022–2027 (Usd Million)
6.3.1 Stationary Air Conditioners
6.3.1.1 Stationary Air Conditioners To Hold Largest Market Size For Air Conditioning Systems
Table 18 Magnetic Refrigeration Market For Stationary Air Conditioning, By Region, 2023–2027 (Usd Million)
6.3.2 Mobile Air Conditioners
6.3.2.1 Mobile Air Conditioners’ Compact Design To Drive Market Growth
Figure 29 Europe To Hold Largest Market Size Of Mobile Air Conditioning Systems During Forecast Period
Table 19 Magnetic Refrigeration Market For Mobile Air Conditioning, By Region, 2024–2027 (Usd Thousand)
6.3.3 Chillers
6.3.3.1 Chillers Possess Huge Scope For Industrial Applications
Table 20 Magnetic Refrigeration Market For Chillers, By Region, 2024–2027 (Usd Million)
6.4 Impact Of Covid-19 On Refrigeration Industry

7 Magnetic Refrigeration Market, By Application
7.1 Introduction
Figure 30 Commercial Application To Hold Largest Market Size For Magnetic Refrigeration During Forecast Period
Table 21 Magnetic Refrigeration Market, By Application, 2022–2027 (Usd Million)
7.2 Commercial
7.2.1 Commercial Application To Hold Highest Market Share
Table 22 Commercial Application: Magnetic Refrigeration Market, By Product, 2022–2027 (Usd Million)
Figure 31 Apac To Grow At Highest Cagr For Commercial Applications Of Magnetic Refrigeration Market
Table 23 Commercial Application: Magnetic Refrigeration Market, By Region, 2022–2027 (Usd Million)
Table 24 Commercial Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2022–2027 (Usd Million)
Table 25 Commercial Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2023–2027 (Usd Million)
7.3 Industrial
Figure 32 Food & Beverage For Industrial Application To Grow At Highest Cagr During Forecast Period
Table 26 Industrial Application: Magnetic Refrigeration Market, By Application, 2023–2027 (Usd Million)
Table 27 Industrial Application: Magnetic Refrigeration Market, By Product, 2023–2027 (Usd Million)
Figure 33 Europe Holds Highest Market Share For Industrial Applications Of Magnetic Refrigeration
Table 28 Industrial Application: Magnetic Refrigeration Market, By Region, 2023–2027 (Usd Million)
Table 29 Industrial Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2023–2027 (Usd Million)
Table 30 Industrial Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2023–2027 (Usd Thousand)
7.3.1 Food & Beverage
7.3.1.1 Growing Global Market For Processed Food And Increasing Concerns To Maintain Their Quality To Drive Market
Table 31 Food & Beverage Application: Magnetic Refrigeration Market, By Product, 2022–2027 (Usd Million)
Figure 34 Apac To Grow At Highest Cagr For Magnetic Refrigeration Market For Food & Beverage During Forecast Period
Table 32 Food & Beverage Application: Magnetic Refrigeration Market, By Region, 2023–2027 (Usd Million)
Table 33 Food & Beverage Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2023–2027 (Usd Million)
Table 34 Food & Beverage Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2023–2027 (Usd Thousand)
7.3.2 Healthcare
7.3.2.1 Need To Monitor And Store Critical Pharmaceuticals To Create Need For Advanced Cooling Solutions Globally
Table 35 Healthcare Application: Magnetic Refrigeration Market, By Product, 2023–2027 (Usd Thousand)
Table 36 Healthcare Application: Magnetic Refrigeration Market, By Region, 2023–2027 (Usd Thousand)
Table 37 Healthcare Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2023–2027 (Usd Thousand)
Table 38 Healthcare Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2023–2027 (Usd Thousand)
7.4 Transportation
Figure 35 Logistics Holds Highest Market Share For Transportation Application Of Magnetic Refrigeration Market During Forecast Period
Table 39 Transportation Application: Magnetic Refrigeration Market, By Type, 2024–2027 (Usd Thousand)
Table 40 Transportation Application: Magnetic Refrigeration Market, By Product, 2024–2027 (Usd Million)
Figure 36 Apac To Grow At Highest Cagr For Transportation Application Of Magnetic Refrigeration Market
Table 41 Transportation Application: Magnetic Refrigeration Market For Transportation By Region, 2024–2027 (Usd Million)
Table 42 Transportation Application: Magnetic Refrigeration Market For Refrigeration, By Region, 2024–2027 (Usd Million)
Table 43 Transportation Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2024–2027 (Usd Million)
7.4.1 Logistics
7.4.1.1 Need For Maintaining Quality Of Commodity Throughout Value Chain Drives Market Growth
Table 44 Logistics Application: Magnetic Refrigeration Market, By Product, 2024–2027 (Usd Million)
Figure 37 Europe To Hold Largest Market Size For Logistics In Logistics Application During Forecast Period
Table 45 Logistics Application: Magnetic Refrigeration Market, By Region, 2024–2027 (Usd Million)
Table 46 Logistics Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2024–2027 (Usd Million)
Table 47 Logistics Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2024–2027 (Usd Thousand)
7.4.2 Automotive
7.4.2.1 Reduced Energy Consumption Trait Of Magnetic Refrigeration Technology To Provide Opportunity
Table 48 Automotive Application: Magnetic Refrigeration Market, By Product, 2024–2027 (Usd Million)
Table 49 Automotive Application: Magnetic Refrigeration Market, By Region, 2024–2027 (Usd Million)
Table 50 Automotive Application: Magnetic Refrigeration Market, For Refrigeration System, By Region, 2024–2027 (Usd Thousand)
Table 51 Automotive Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2024–2027 (Usd Thousand)
7.4.3 Aerospace
7.4.3.1 Lower Consumption Of Energy By Magnetic Refrigeration Systems Helps Lower Overall Operational & Maintenance Costs
Table 52 Aerospace Application: Magnetic Refrigeration Market, By Product, 2025–2027 (Usd Thousand)
Table 53 Aerospace Application: Magnetic Refrigeration Market, By Region, 2025–2027 (Usd Thousand)
Table 54 Aerospace Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2025–2027 (Usd Thousand)
Table 55 Aerospace Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2025–2027 (Usd Thousand)
7.4.4 Marine
7.4.4.1 Marine Application To Be Commercialized Later Than Other Applications
Table 56 Marine Application: Magnetic Refrigeration Market, By Product, 2025–2027 (Usd Thousand)
Table 57 Marine Application: Magnetic Refrigeration Market, By Region, 2025–2027 (Usd Thousand)
Table 58 Marine Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2025–2027 (Usd Thousand)
Table 59 Marine Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2025–2027 (Usd Thousand)
7.5 Domestic
7.5.1 Demand For Low Power Consumption In Household Appliances To Drive Market
Table 60 Domestic Application: Magnetic Refrigeration Market, By Product, 2023–2027 (Usd Million)
Table 61 Domestic Application: Magnetic Refrigeration Market, By Region, 2023–2027 (Usd Thousand)
Table 62 Domestic Application: Magnetic Refrigeration Market For Refrigeration System, By Region, 2023–2027 (Usd Thousand)
Table 63 Domestic Application: Magnetic Refrigeration Market For Air Conditioning, By Region, 2023–2027 (Usd Thousand)
7.6 Impact Of Covid-19 On Refrigeration Applications

8 Materials Used For Magnetic Refrigeration
8.1 Introduction
8.2 Gadolinium
8.3 Dysprosium Alloys
8.4 Erbium
8.5 Others

9 Magnetic Refrigeration System, By Type
9.1 Introduction
9.2 Reciprocating Type
9.3 Rotary Type

10 Geographic Analysis
10.1 Introduction
Figure 38 Europe To Lead Magnetic Refrigeration Market During Forecast Period
Table 64 Magnetic Refrigeration Market, By Region, 2022–2027 (Usd Million)
10.2 North America
Figure 39 North America: Magnetic Refrigeration Market Snapshot
Figure 40 Us To Grow At Highest Cagr For North American Magnetic Refrigeration During Forecast Period
Table 65 Magnetic Refrigeration Market In North America, By Country, 2022–2027 (Usd Million)
Table 66 Magnetic Refrigeration Market In North America, By Product, 2022–2027 (Usd Million)
Table 67 Magnetic Refrigeration Market In North America, By Application, 2022–2027 (Usd Million)
Table 68 Magnetic Refrigeration Market In North America For Commercial, By Country, 2022–2027 (Usd Million)
Table 69 Magnetic Refrigeration Market In North America For Domestic, By Country, 2023–2027 (Usd Thousand)
Table 70 Magnetic Refrigeration Market In North America For Industrial, By Country, 2023–2027 (Usd Million)
Table 71 Magnetic Refrigeration Market In North America For Transportation, By Country, 2024–2027 (Usd Thousand)
Table 72 Magnetic Refrigeration Market In North America For Industrial, By Application, 2023–2027 (Usd Million)
Table 73 Magnetic Refrigeration Market In North America For Transportation, By Application, 2024–2027 (Usd Million)
10.2.1 Us
10.2.1.1 Increasing Demand For Eradicating Harmful Refrigerants To Drive Market
10.2.2 Canada
10.2.2.1 Ongoing Developments For Commercial Refrigeration Industry To Augment Market Growth
10.2.3 Mexico
10.2.3.1 Rising Demand For Commercial And Domestic Refrigeration Applications To Propel Demand For Magnetic Refrigeration
10.3 Europe
Figure 41 Europe: Magnetic Refrigeration Market Snapshot
Table 74 Magnetic Refrigeration Market In Europe, By Country, 2022–2027 (Usd Million)
Table 75 Magnetic Refrigeration Market In Europe, By Product, 2022–2027 (Usd Million)
Table 76 Magnetic Refrigeration Market In Europe, By Application, 2022–2027 (Usd Million)
Table 77 Magnetic Refrigeration Market In Europe For Commercial, By Country, 2022–2027 (Usd Million)
Table 78 Magnetic Refrigeration Market In Europe For Domestic, By Country, 2023–2027 (Usd Thousand)
Table 79 Magnetic Refrigeration Market In Europe For Industrial, By Country, 2023–2027 (Usd Thousand)
Table 80 Magnetic Refrigeration Market In Europe For Transportation, By Country, 2024–2027 (Usd Thousand)
Table 81 Magnetic Refrigeration Market In Europe For Industrial, By Application, 2023–2027 (Usd Million)
Table 82 Magnetic Refrigeration Market In Europe For Transportation, By Application, 2024–2027 (Usd Million)
10.3.1 Uk
10.3.1.1 Growing Government Initiatives To Curb Usage Of Harmful Refrigerants To Drive Market
10.3.2 Germany
10.3.2.1 Germany To Hold Highest Market Share For Magnetic Refrigeration In Europe During Forecast Period
10.3.3 France
10.3.3.1 Increasing Adoption Of F-Gas Regulations To Drive Market Growth
10.3.4 Italy
10.3.4.1 Growing Adoption Of Commercial Refrigeration Systems To Provide Opportunity
10.3.5 Rest Of Europe
10.4 Apac
Figure 42 Apac: Magnetic Refrigeration Market Snapshot
Figure 43 China To Hold Largest Market Share For Magnetic Refrigeration During Forecast Period
Table 83 Magnetic Refrigeration Market In Apac, By Country, 2022–2027 (Usd Thousand)
Table 84 Magnetic Refrigeration Market In Apac, By Application, 2022–2027 (Usd Million)
Table 85 Magnetic Refrigeration Market In Apac For Commercial, By Country, 2022–2027 (Usd Thousand)
Table 86 Magnetic Refrigeration Market In Apac For Domestic, By Country, 2023–2027 (Usd Thousand)
Table 87 Magnetic Refrigeration Market In Apac For Industrial, By Country, 2023–2027 (Usd Thousand)
Table 88 Magnetic Refrigeration Market In Apac For Transportation, By Country, 2024–2027 (Usd Thousand)
Table 89 Magnetic Refrigeration Market In Apac For Industrial, By Application, 2023–2027 (Usd Million)
Table 90 Magnetic Refrigeration Market In Apac For Transportation, By Application, 2024–2027 (Usd Million)
10.4.1 China
10.4.1.1 China To Hold Highest Market Share For Magnetic Refrigeration In Apac
10.4.2 Japan
10.4.2.1 Active Participation Of Government To Reduce Hcfc Emission To Drive Market Growth
10.4.3 South Korea
10.4.3.1 Increasing Per Capita Income To Drive Market Growth Across Commercial Refrigeration, Eventually Propelling Market Growth Across Magnetic Refrigeration Applications
10.4.4 Rest Of Apac
10.5 Row
Table 91 Magnetic Refrigeration Market In Row, By Region, 2022–2027 (Usd Thousand)
Table 92 Magnetic Refrigeration Market In Row, By Product, 2022–2027 (Usd Million)
Table 93 Magnetic Refrigeration Market In Row, By Application, 2022–2027 (Usd Million)
Table 94 Magnetic Refrigeration Market In Row For Commercial, By Region, 2022–2027 (Usd Thousand)
Table 95 Magnetic Refrigeration Market In Row For Domestic, By Region, 2023–2027 (Usd Thousand)
Table 96 Magnetic Refrigeration Market In Row For Industrial, By Region, 2023–2027 (Usd Thousand)
Table 97 Magnetic Refrigeration Market In Row For Transportation, By Region, 2024–2027 (Usd Thousand)
Table 98 Magnetic Refrigeration Market In Row For Industrial, By Application, 2023–2027 (Usd Thousand)
Table 99 Magnetic Refrigeration Market In Row For Transportation, By Application, 2024–2027 (Usd Thousand)
10.5.1 South America
10.5.1.1 Brazil To Provide Significant Opportunities
10.5.2 Middle East & Africa
10.5.2.1 Rising Demand For Energy-Efficient Solutions To Drive Growth Of Magnetic Refrigeration
10.5.3 Impact Of Covid-19

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, 2022
Figure 44 Global Magnetic Refrigeration Market Ranking Analysis, 2022
11.3 Company Evaluation Matrix
11.3.1 Star
11.3.2 Emerging Leader
11.3.3 Pervasive
11.3.4 Participant
Figure 45 Magnetic Refrigeration Market (Global) Company Evaluation Matrix, 2022
11.4 Product & Business Footprint Analysis Of Top Players
Figure 46 Product Portfolio Analysis Of Top Players In Magnetic Refrigeration Market
11.5 Key Market Developments
11.5.1 Product Prototype Launches & Developments
Table 100 Product Launches & Developments, 2016–2020
11.5.2 Partnerships & Collaborations
Table 101 Partnerships & Collaborations, 2016–2020
11.5.3 Acquisitions
Table 102 Acquisitions, 2016

12 Company Profiles
12.1 Introduction
12.2 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Swot Analysis, And Mnm View)*
12.2.1 Ubiblue
12.2.2 Haier Smart Home Co., Ltd
Figure 47 Haier Smart Home Co., Ltd: Company Snapshot
12.2.3 Camfridge Ltd
12.2.4 Astronautics Corporation Of America
12.2.5 Vacuumschmelze Gmbh & Co. Kg
12.2.6 Basf Se
Figure 48 Basf Se: Company Snapshot
12.2.7 Eramet
Figure 49 Eramet S.A.: Company Snapshot
12.2.8 Samsung Electronics Co., Ltd
Figure 50 Samsung Electronics Co., Ltd: Company Snapshot
12.2.9 Toshiba Corporation
Figure 51 Toshiba Corporation: Company Snapshot
12.2.10 Whirlpool Corporation
Figure 52 Whirlpool Corporation: Company Snapshot
*Business Overview, Products/Solutions/Services Offered, Recent Developments, Swot Analysis, And Mnm View Might Not Be Captured In Case Of Unlisted Companies.
12.3 Right To Win
12.4 Other Key Players
12.4.1 Ccs Sa
12.4.2 Cemafroid
12.4.3 General Engineering & Research
12.4.4 Kirsch
12.4.5 Kiutra
12.4.6 Magnotherm Solutions
12.4.7 Millipore Sigma
12.4.8 Tcs Micropumps Ltd
12.4.9 Vcu Innovation Gateway

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

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    The global market for Non-Contact Dynamic Torque Sensor was estimated at US$ 58.31 million in the year 2022, is projected to reach a revised size of US$ 96.9 million by 2029, growing at a CAGR of 7.81% during the forecast period 2023-2029. North American market for Non-Contact Dynamic Torque Sensor was valued at $ 23.56 million in 2022 and will reach $ 37.86 million by 2029, at a CAGR of 7.27% during the forecast period of 2023 through 2029. Asia-Pacific market for Non-Contact Dyna......
  • Global Bitcoin Miner Market Research Report 2023
    Published: 11-Jan-2024        Price: US 2900 Onwards        Pages: 144
    The global Bitcoin Miner market was valued at US$ 11,546.70 million in 2022 and is expected to reach US$ 23,842.76 million by the end of 2029, growing at a CAGR of 26.7% between 2023 and 2029. The demand for Bitcoin Miner depends on various factors such as the current Bitcoin price, mining difficulty, and availability of newer and more efficient ASIC miners. When Bitcoin prices rise, there is usually an increase in demand for mining hardware as miners seek to increase their profits......
  • Global Brushless AC Motor Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 103
    The global Brushless AC Motor market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2......
  • Global High Intensity Discharge (HID) Lamps Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 116
    The global High Intensity Discharge (HID) Lamps market was valued at US$ 6405.5 million in 2023 and is anticipated to reach US$ 7607.6 million by 2030, witnessing a CAGR of 2.5% during The forecast period 2024-2030. North American market for High Intensity Discharge (HID) Lamps is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for High Intensity Discharge (HID) Lamps ......
  • Global Indoor Plant Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 114
    The global Indoor Plant Lighting market was valued at US$ 806 million in 2023 and is anticipated to reach US$ 1137.9 million by 2030, witnessing a CAGR of 4.9% during The forecast period 2024-2030. Indoor plant lighting refers to The use of artificial light sources to provide The necessary light spectrum for The growth of plants indoors, especially in environments where natural sunlight is limited. This is commonly used for growing plants like houseplants, herbs, and even some veget......
  • Global Aquarium Lights Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 131
    The global Aquarium Lights market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a......
  • Global LED Aquarium Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 128
    Aquarium light is also called water plants grow light, which is a new emerging light tool instead of sunshine in The last 5 years. According to The law of water plant growth, aquarium light can meet The light needs of many water plants. What's more, this lighting tool can provide The best lighting solution for aquarium, fish view. The global LED Aquarium Lighting market was valued at US$ 200 million in 2023 and is anticipated to reach US$ 283.4 million by 2030, witnessing a CAGR of ......
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