Magnetic Refrigeration Market Size, Share, Trends, Growth 2032

Magnetic Refrigeration Market

Magnetic Refrigeration Market By Application (Commercial, Domestic, Industrial, And Transportation), By Product (Air Conditioning Systems, Heat Pumps, And Refrigeration Systems), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032

Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1718 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 4.82 Billion USD 8943.53 Billion 112.2% 2023

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Magnetic Refrigeration Market, 2015–2025(USD Billion)
    • 2.2. Magnetic Refrigeration Market: Snapshot
  • Chapter 3. Global Magnetic Refrigeration Market– Industry Analysis
    • 3.1. Magnetic Refrigeration Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Low product costs, light-weight, and enhanced product life cycle has culminated into high magnetic refrigeration market growth in the recent years
      • 3.2.2. Enhanced power efficiency, eculogical compatibility, and safety are key features of magnetic refrigeration systems and this is set to steer the expansion of magnetic refrigeration industry over the assessment period.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Product
  • Chapter 4. Global Magnetic Refrigeration Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Magnetic Refrigeration Market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technology launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Magnetic Refrigeration Market– Application Analysis
    • 5.1. Global Magnetic Refrigeration Market overview: By Application
      • 5.1.1. Global Magnetic Refrigeration Market share, By Application,2018 and 2025
    • 5.2. Commercial
      • 5.2.1. Global Magnetic Refrigeration Market by Commercial , 2015–2025(USD Billion)
    • 5.3. Domestic
      • 5.3.1. Global Magnetic Refrigeration Market by Domestic, 2015–2025(USD Billion)
    • 5.4. Industrial
      • 5.4.1. Global Magnetic Refrigeration Market by Industrial, 2015–2025(USD Billion)
    • 5.5. Transportation
      • 5.5.1. Global Magnetic Refrigeration Market by Transportation, 2015–2025(USD Billion)
  • Chapter 6. Global Laser Cutting Machine Market– Product Analysis
    • 6.1. Global Magnetic Refrigeration Market overview: By Product
      • 6.1.1. Global Magnetic Refrigeration Market share, By Product , 2018 and 2025
    • 6.2. Air Conditioning Systems
      • 6.2.1. Global Magnetic Refrigeration Market By Air Conditioning Systems, 2015–2025(USD Billion)
    • 6.3. Heat Pumps
      • 6.3.1. Global Magnetic Refrigeration Market By Heat Pumps, 2015–2025(USD Billion)
    • 6.4. Refrigeration Systems
      • 6.4.1. Global Magnetic Refrigeration Market By Refrigeration Systems, 2015–2025(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Camfridge Ltd.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Technology Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Coultech Applications
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Technology Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. General Electric
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Technology Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Astronautics Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Technology Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Qingdao Haier Co. Ltd
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Technology Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Whirlpoul Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Technology Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Samsung Electronics Co. Ltd
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Technology Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Toshiba Corporation
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Technology Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. BASF SE
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Technology Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development

Table Of Figures

List of Figures

1. Market research Capacity Type 
2. Market research methodology
3. Global Magnetic Refrigeration Market, 2015–2025(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Magnetic Refrigeration Market attractiveness, By Application 
6. Global Magnetic Refrigeration Market attractiveness, By Product  
7. Global Magnetic Refrigeration Market share, By Application , 2018 and 2025 (USD Billion)
8. Global Magnetic Refrigeration Market by Commercial , 2015–2025(USD Billion)
9. Global Magnetic Refrigeration Market by Domestic,2015–2025(USD Billion)
10. Global Magnetic Refrigeration Market by Industrial,2015–2025(USD Billion)
11. Global Magnetic Refrigeration Market by Transportation,2015–2025(USD Billion)
12. Global Magnetic Refrigeration Market share by Product ,2018 and 2025 (USD Billion)
13. Global Magnetic Refrigeration Market by Air Conditioning Systems,2015–2025(USD Billion)
14. Global Magnetic Refrigeration Market by Heat Pumps,2015–2025(USD Billion)
15. Global Magnetic Refrigeration Market by Refrigeration Systems,2015–2025(USD Billion)
16. Global Magnetic Refrigeration Market share, by Region, 2018 and 2025
17. North America Magnetic Refrigeration Market, 2015–2025(USD Billion)
18. Europe Magnetic Refrigeration Market, 2015–2025(USD Billion)
19. Asia Pacific Magnetic Refrigeration Market, 2015–2025(USD Billion)
20. Latin America Magnetic Refrigeration Market, 2015–2025(USD Billion)
21. The Middle East and Africa Magnetic Refrigeration Market, 2015–2025(USD Billion)


Table Of Tables

List of Tables

1. Global Magnetic Refrigeration Market: snapshot
2. Drivers of the Magnetic Refrigeration Market: impact analysis
3. North America Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
4. North America Magnetic Refrigeration Market revenue, By Product , 2015–2025(USD Billion)
5. The U.S. Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
6. The U.S. Magnetic Refrigeration Market revenue, By Product , 2015–2025(USD Billion)
7. Rest of North America Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
8. Rest of North America Magnetic Refrigeration Market revenue, By Product , 2015–2025(USD Billion)
9. Europe Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
10. Europe Magnetic Refrigeration Market revenue, By Product , 2015–2025(USD Billion)
11. UK Magnetic Refrigeration Market revenue, By Application, 2015–2025(USD Billion)
12. UK Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
13. France Magnetic Refrigeration Market revenue, By Application, 2015–2025(USD Billion)
14. France Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
15. Germany Magnetic Refrigeration Market revenue, By Application, 2015–2025(USD Billion)
16. Germany Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
17. Rest of Europe Magnetic Refrigeration Market revenue, By Application, 2015–2025(USD Billion)
18. Rest of Europe Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
19. Asia Pacific Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
20. Asia Pacific Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
21. China Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
22. China Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
23. Japan Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
24. Japan Magnetic Refrigeration Market revenue, By Product  , 2015–2025(USD Billion)
25. India Magnetic Refrigeration Market revenue, By Application, 2015–2025(USD Billion)
26. India Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
27. Rest of Asia Pacific Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
28. Rest of Asia Pacific Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
29. Latin America Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
30. Latin America Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
31. Brazil Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
32. Brazil Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
33. Rest of Latin America Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
34. Rest of Latin America Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
35. The Middle East and Africa Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
36. The Middle East and Africa Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
37. Saudi Arabia Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
38. Saudi Arabia Magnetic Refrigeration Market revenue, By Product  , 2015–2025(USD Billion)
39. South Africa Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
40. South Africa Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)
41. Rest of the Middle East & Africa Magnetic Refrigeration Market revenue, By Application , 2015–2025(USD Billion)
42. Rest of the Middle East & Africa Magnetic Refrigeration Market revenue, By Product  ,2015–2025(USD Billion)

 
                   
 

Methodology

FrequentlyAsked Questions

Emerging cooling technique magnetic refrigeration uses the magnetocaloric action to attain cooling without conventional refrigerants. This creative solution presents a green substitute for traditional refrigeration systems, which sometimes depend on chemical refrigerants that can damage the ozone layer and aggravate world warming.

Growing knowledge of the detrimental effects of conventional refrigerants—such as hydrofluorocarbons, or HFCs—on the environment is generating demand in environmentally friendly substitutes like magnetic refrigeration, free from chemical refrigerants.

Zion Market Research has published a report on the global Magnetic Refrigeration Market, estimating its value at USD 4.82 Billion in 2023, with projections indicating that it will reach USD 8943.53 Billion by 2032.

The market is expected to expand at a compound annual growth rate (CAGR) of 112.2% over the forecast period 2024-2032.

The expansion of magnetic refrigeration market in European continent over the forecast timeline is attributed to growing awareness pertaining to global warming and knowledge about conventional refrigerants contributing largely towards ozone depletion.

Key participants profiled in the study include Whirlpool Corporation, Astronautics Corporation, Toshiba Corporation, Camfridge Ltd., Samsung Electronics Co. Ltd, Cooltech Applications, Qingdao Haier Co. Ltd, General Electric, and BASF SE.

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List of Contents

Market InsightsMarket IntroductionMarket Growth DynamicsReport ScopeEurope To Make Notable Contributions Towards Overall Market Size By 2032Competitive AnalysisThe global magnetic refrigeration market is segmented as follows:

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