Some of the major players operating in the permanent magnet industry are Advance Magnetic Material, Anhui Earth-Panda, Molycorp Magnequench, Hangzhou Permanent Magnet Group, TDK Corporation, Electron Energy Corporation, Arnold Magnetic Technologies, Hitachi Metals, Adams Magnetic Products, and others.

Selbyville, Delaware, Aug. 09, 2022 (GLOBE NEWSWIRE) -- As per the report published by Global Market Insights Inc., the global Permanent Magnet Market was estimated at USD 27.97 billion in 2021 and is expected to surpass a valuation of USD 51 billion by 2030, progressing at a CAGR of 7.4% from 2022 to 2030.

The expansion of the global Permanent Magnet industry can be credited to rapid manufacturing technology advancements and the increased reliance on renewable energy sources. To ensure reliable, cost-effective operations, permanent magnet generator systems are effectively used in wind turbines.

Request for Sample Report: https://www.gminsights.com/request-sample/detail/1113

Rare earth elements are essential for the development of electric vehicles, which is a key contributor to achieving a net-zero carbon target. This factor represents a strong outlook for the EV permanent magnet motor manufacturers. The report indicates that the limited availability of raw materials and high prices may, however, create a hindrance to Permanent Magnet manufacturers.

In terms of product, the report segmented the permanent magnet market into neodymium (NdFeB), samarium-cobalt (SmCo), aluminum-nickel-cobalt (AlNiCo), and ferrite. The aluminum-nickel-cobalt (AlNiCo) segment among these will depict a CAGR of over 5.7% through 2030, driven by the increased spending on mineral exploration projects.

Based on application, the market is bifurcated into energy generation, electronics, automotive, and others. As per data from the Global Wind Energy Council, in 2021, around 30 wind turbine manufacturers installed nearly 104.7-GW of wind power capacity, representing the assembly of 29,234 wind turbines worldwide. These new renewable capacity additions as a part of the energy transition are boosting the permanent magnet market size from the energy generation segment, which will reach USD 8.1 billion by 2030.

Request for the Customization of this Report: https://www.gminsights.com/roc/1113

Regionally, the Middle East and Africa permanent magnet market will exhibit a 6.9% CAGR through 2030, given the emergence of the United Arab Emirates as the key exporter of electronic goods. According to the Electronics and Computer Software Export Promotion, the UAE became a key exporter of India’s electronic goods in the first nine months of the fiscal year 2021. Likewise, the development of renewable energy projects in other GCC countries such as Saudi Arabia is contributing to the MEA Permanent Magnet industry share, claims the report.

The competitive landscape of the global permanent magnet market comprises companies such as Neo Performance Materials, Adams Magnetic Products, Arnold Magnetic Technologies, Hitachi Metals, Electron Energy Corporation, Molycorp Magnequench, TDK Corporation, Hangzhou Permanent Magnet Group, and Anhui Earth-Panda Advance Magnetic Material, among others. These companies are undertaking strategic initiatives including product line expansion, acquisitions, and partnerships to diversify their presence in the global market.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Markets correspondent Jared Blikre takes a look at the declining pricing for cryptocurrencies bitcoin and ethereum as the FDIC issue letters to five crypto companies.

In the world of stock legends, George Soros stands out. While his political activities have been a lightning rod for controversy, no one can doubt his financial acumen. After all, he’s the ‘man who broke the Bank of England,’ and made a billion dollars in one day when he shorted the Pound Sterling back in 1992. His hedge fund, Soros Fund Management, showed three decades of sustained gains, averaging 30% annual returns through the year 2000. During this time, and today in the management of his pe

The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.

Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.

Yahoo Finance Live co-anchor Seana Smith looks at several trending stocks moving in after-hours trading.

(Bloomberg) -- Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.European benchmark futures soared as much as 9% after the Russian producer said it won’t ship any gas to Germany via the Nord Stream pipeline from Aug. 31 through Sept. 2 because of maintenance. The work will involve the only functioning turbine that can pump gas into the link.The European ga

Prices at the pump have fallen again, but the summer decline is mostly over, according to industry watchers.

Oil stocks and chemicals dominate this list of today's fastest-growing stocks, all eyeing 111%-762% EPS gains this year.

A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.

Peloton Interactive (NASDAQ: PTON) is on its last legs. The connected fitness equipment maker is launching its third round of layoffs, letting nearly 800 people go. Peloton is not running in place, but rather running itself into the ground.

The Federal Energy Regulatory Commission filing could mean that Berkshire Hathaway will continue to increase its stake in Occidental.

Back up the EV on shares of General Motors, says this one analyst.

Occidental Petroleum owns a power plant in Taft, La., that feeds an OXY chemical plant next door. Leftover power is sold on the local grid, which Berkshire Hathaway Energy plants also feed. The Federal Energy Regulatory Commission ruled that since OXY's plant accounts for just 0.48% of the capacity connected to the region's grid, a combination with Berkshire "will not have an adverse effect on competition" in the local electricity market. Warren Buffett's Berkshire had to ask, though, before bee

Yahoo Finance Live anchors discuss GM announcing the resumption of share buybacks and dividends.

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its biggest gain in five months.The Federal Energy Regulatory Commission said in a filing published Friday that Berkshire’s proposed stock purchases are “consistent with the public interest.” Berkshire applied for the authorization on July 11, FERC said.Berkshire has spent this year wagerin

A lot of surprising companies are paring back their payrolls lately. Some of them should bounce back soon.

(Bloomberg) -- Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc., scoring a 56% gain on an investment he held for roughly seven months.The retail traders who poured millions of dollars into the struggling retailer’s stock, on the other hand, may be just starting to feel the pain -- especially if they were late to the trade.Bed Bath & Beyond shares, which were hammered on Thursday, plunged as much as 43% Friday after Cohen’s exit was discl

Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

In this article, we discuss 10 Cathie Wood stocks to buy before the bull run starts. If you want to see more stocks preferred by Cathie Wood to load up on before the bull run begins, click 5 Cathie Wood Stocks to Buy Before the Bull Run Starts. Cathie Wood, the founder and CIO of […]

Cisco Systems' (NASDAQ: CSCO) stock rose 4% during after-hours trading on Wednesday, Aug. 17, following its earnings report for its fiscal fourth quarter and the full year 2022. Revenue for the networking hardware and software maker stayed nearly flat from a year ago at $13.