COVID19:Magnetic Refrigeration Market — Global Industry Analysis and Forecast 2020 to 2027

  • According to the new market research report “Magnetic Refrigeration Market by Materials Type (Gadolinium and Dysprosium Alloys, Erbium, Germanium and Aluminum), by Component (Hot Heat Exchanger, Cold Heat Exchanger, Magneto Caloric Wheel and Others),by Product Type (Heat Pumps, Refrigeration Systems and Air Conditioning Systems), by Application (Logistic & Transportation, Healthcare, Aerospace, Food & Beverages, Commercial and Industrial), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Magnetic Refrigeration Market is estimated to reach USD 1.8 Billion by 2027 at a CAGR of around 106.2% during the review period.
  • The magnetic refrigeration helps to improve device efficiency, reduce CO2 production with energy saving and its efficient. As well as it is one of the innovative, emerging and low carbon technology.
  • Moreover, it is an environment friendly technology which is based upon magnetic solid. It is used for attain low temperature and common refrigerators temperature.
  • With the growing demand on green technology is witness to increase the demand of the market as it consumes less power to eliminate the use of hazardous fluids.
  • It also leads to advance the food industries, pharmaceutical and chemical for the storage purpose of food, medicine, food production and also retailing purpose
  • One of the major key concern of the magnetic refrigeration market is high investment cost for the manufacturing the magnetic refrigerate alloy which will lead to hinder the growth of the market.
  • The increasing in adoption of magnetic refrigeration in the field of transportation is expected to create a new opportunity for the magnetic refrigeration manufactures in the projected period.
  • Asia-Pacific:
  • Europe
  • Cooltech Applications:
  • BASF SE:



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DataBridge Market Research

DataBridge Market Research


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