Magnetic refrigeration is founded on the principle of the Magnetocaloric Effect (MCE). The magnetocaloric effect is a phenomenon where Magnetocaloric constituents get heated up when engrossed in the magnetic field and cool down when removed from it, almost instantly. Magnetic refrigeration is compact, safer, and quieter, and it is higher cooling efficiency than the traditional gas compression refrigeration.
MARKET DYNAMICS
Low energy consumption by magnetic refrigeration systems is one of the major factors driving the growth of the magnetic refrigeration market. Moreover, increasing focus on green technology is another factor anticipated to boost the growth of the market.
MARKET SCOPE
The "Global Magnetic Refrigeration Market Analysis to 2028" is a specialized and in-depth study of the magnetic refrigeration market with a special focus on the global market trend analysis. The report aims to provide an overview of magnetic refrigeration market with detailed market segmentation by products application. The global magnetic refrigeration market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnetic refrigeration market players and offers key trends and opportunities in the magnetic refrigeration market.
MARKET SEGMENTATION
The global magnetic refrigeration market is segmented on the basis of products application. On the basis of product, the market is segmented as refrigeration systems, air conditioning systems, heat pumps. On the basis of application, the market is segmented as domestic, commercial, transportation, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic refrigeration market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnetic refrigeration market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting magnetic refrigeration market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the magnetic refrigeration market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic refrigeration market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnetic refrigeration market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting magnetic refrigeration market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the magnetic refrigeration market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnetic refrigeration market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from magnetic refrigeration market are anticipated to lucrative growth opportunities in the future with the rising demand for magnetic refrigeration market. Below mentioned is the list of few companies engaged in the magnetic refrigeration market.
The report also includes the profiles of key magnetic refrigeration market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ALTO Refrigeration Manufacturing Co., Ltd.
- BASF SE
- Camfridge
- Haier Inc
- kiutra
- Samsung Electronics Co., Ltd
- Sigma-Aldrich Co.
- Toshiba Corporation
- Ubiblue
- VACUUMSCHMELZE GmbH & Co. KG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Magnetic Refrigeration Market - By Product
1.3.2Magnetic Refrigeration Market - By Application
1.3.3Magnetic Refrigeration Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.MAGNETIC REFRIGERATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTEr's FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.MAGNETIC REFRIGERATION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.MAGNETIC REFRIGERATION MARKET - GLOBAL MARKET ANALYSIS
6.1.MAGNETIC REFRIGERATION - GLOBAL MARKET OVERVIEW
6.2.MAGNETIC REFRIGERATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.MAGNETIC REFRIGERATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.REFRIGERATION SYSTEMS
7.3.1.Overview
7.3.2.Refrigeration Systems Market Forecast and Analysis
7.3.3.Refrigerators Market
7.3.3.1.Overview
7.3.3.2.Refrigerators Market Forecast and Analysis
7.3.4.Cabinet Displays Market
7.3.4.1.Overview
7.3.4.2.Cabinet Displays Market Forecast and Analysis
7.3.5.Freezers Market
7.3.5.1.Overview
7.3.5.2.Freezers Market Forecast and Analysis
7.3.6.Beverage Coolers Market
7.3.6.1.Overview
7.3.6.2.Beverage Coolers Market Forecast and Analysis
7.3.7.Ice Cream Cabinets Market
7.3.7.1.Overview
7.3.7.2.Ice Cream Cabinets Market Forecast and Analysis
7.4.AIR CONDITIONING SYSTEMS
7.4.1.Overview
7.4.2.Air Conditioning Systems Market Forecast and Analysis
7.4.3.Stationary Air Conditioners Market
7.4.3.1.Overview
7.4.3.2.Stationary Air Conditioners Market Forecast and Analysis
7.4.4.Mobile Air Conditioners Market
7.4.4.1.Overview
7.4.4.2.Mobile Air Conditioners Market Forecast and Analysis
7.4.5.Chillers Market
7.4.5.1.Overview
7.4.5.2.Chillers Market Forecast and Analysis
7.5.HEAT PUMPS
7.5.1.Overview
7.5.2.Heat Pumps Market Forecast and Analysis
8.MAGNETIC REFRIGERATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.DOMESTIC
8.3.1.Overview
8.3.2.Domestic Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
8.5.TRANSPORTATION
8.5.1.Overview
8.5.2.Transportation Market Forecast and Analysis
8.6.INDUSTRIAL
8.6.1.Overview
8.6.2.Industrial Market Forecast and Analysis
9.MAGNETIC REFRIGERATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Magnetic Refrigeration Market Overview
9.1.2North America Magnetic Refrigeration Market Forecasts and Analysis
9.1.3North America Magnetic Refrigeration Market Forecasts and Analysis - By Product
9.1.4North America Magnetic Refrigeration Market Forecasts and Analysis - By Application
9.1.5North America Magnetic Refrigeration Market Forecasts and Analysis - By Countries
9.1.5.1United States Magnetic Refrigeration Market
9.1.5.1.1United States Magnetic Refrigeration Market by Product
9.1.5.1.2United States Magnetic Refrigeration Market by Application
9.1.5.2Canada Magnetic Refrigeration Market
9.1.5.2.1Canada Magnetic Refrigeration Market by Product
9.1.5.2.2Canada Magnetic Refrigeration Market by Application
9.1.5.3Mexico Magnetic Refrigeration Market
9.1.5.3.1Mexico Magnetic Refrigeration Market by Product
9.1.5.3.2Mexico Magnetic Refrigeration Market by Application
9.2.EUROPE
9.2.1Europe Magnetic Refrigeration Market Overview
9.2.2Europe Magnetic Refrigeration Market Forecasts and Analysis
9.2.3Europe Magnetic Refrigeration Market Forecasts and Analysis - By Product
9.2.4Europe Magnetic Refrigeration Market Forecasts and Analysis - By Application
9.2.5Europe Magnetic Refrigeration Market Forecasts and Analysis - By Countries
9.2.5.1Germany Magnetic Refrigeration Market
9.2.5.1.1Germany Magnetic Refrigeration Market by Product
9.2.5.1.2Germany Magnetic Refrigeration Market by Application
9.2.5.2France Magnetic Refrigeration Market
9.2.5.2.1France Magnetic Refrigeration Market by Product
9.2.5.2.2France Magnetic Refrigeration Market by Application
9.2.5.3Italy Magnetic Refrigeration Market
9.2.5.3.1Italy Magnetic Refrigeration Market by Product
9.2.5.3.2Italy Magnetic Refrigeration Market by Application
9.2.5.4United Kingdom Magnetic Refrigeration Market
9.2.5.4.1United Kingdom Magnetic Refrigeration Market by Product
9.2.5.4.2United Kingdom Magnetic Refrigeration Market by Application
9.2.5.5Russia Magnetic Refrigeration Market
9.2.5.5.1Russia Magnetic Refrigeration Market by Product
9.2.5.5.2Russia Magnetic Refrigeration Market by Application
9.2.5.6Rest of Europe Magnetic Refrigeration Market
9.2.5.6.1Rest of Europe Magnetic Refrigeration Market by Product
9.2.5.6.2Rest of Europe Magnetic Refrigeration Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Magnetic Refrigeration Market Overview
9.3.2Asia-Pacific Magnetic Refrigeration Market Forecasts and Analysis
9.3.3Asia-Pacific Magnetic Refrigeration Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Magnetic Refrigeration Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Magnetic Refrigeration Market Forecasts and Analysis - By Countries
9.3.5.1Australia Magnetic Refrigeration Market
9.3.5.1.1Australia Magnetic Refrigeration Market by Product
9.3.5.1.2Australia Magnetic Refrigeration Market by Application
9.3.5.2China Magnetic Refrigeration Market
9.3.5.2.1China Magnetic Refrigeration Market by Product
9.3.5.2.2China Magnetic Refrigeration Market by Application
9.3.5.3India Magnetic Refrigeration Market
9.3.5.3.1India Magnetic Refrigeration Market by Product
9.3.5.3.2India Magnetic Refrigeration Market by Application
9.3.5.4Japan Magnetic Refrigeration Market
9.3.5.4.1Japan Magnetic Refrigeration Market by Product
9.3.5.4.2Japan Magnetic Refrigeration Market by Application
9.3.5.5South Korea Magnetic Refrigeration Market
9.3.5.5.1South Korea Magnetic Refrigeration Market by Product
9.3.5.5.2South Korea Magnetic Refrigeration Market by Application
9.3.5.6Rest of Asia-Pacific Magnetic Refrigeration Market
9.3.5.6.1Rest of Asia-Pacific Magnetic Refrigeration Market by Product
9.3.5.6.2Rest of Asia-Pacific Magnetic Refrigeration Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Magnetic Refrigeration Market Overview
9.4.2Middle East and Africa Magnetic Refrigeration Market Forecasts and Analysis
9.4.3Middle East and Africa Magnetic Refrigeration Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Magnetic Refrigeration Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Magnetic Refrigeration Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Magnetic Refrigeration Market
9.4.5.1.1South Africa Magnetic Refrigeration Market by Product
9.4.5.1.2South Africa Magnetic Refrigeration Market by Application
9.4.5.2Saudi Arabia Magnetic Refrigeration Market
9.4.5.2.1Saudi Arabia Magnetic Refrigeration Market by Product
9.4.5.2.2Saudi Arabia Magnetic Refrigeration Market by Application
9.4.5.3U.A.E Magnetic Refrigeration Market
9.4.5.3.1U.A.E Magnetic Refrigeration Market by Product
9.4.5.3.2U.A.E Magnetic Refrigeration Market by Application
9.4.5.4Rest of Middle East and Africa Magnetic Refrigeration Market
9.4.5.4.1Rest of Middle East and Africa Magnetic Refrigeration Market by Product
9.4.5.4.2Rest of Middle East and Africa Magnetic Refrigeration Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Magnetic Refrigeration Market Overview
9.5.2South and Central America Magnetic Refrigeration Market Forecasts and Analysis
9.5.3South and Central America Magnetic Refrigeration Market Forecasts and Analysis - By Product
9.5.4South and Central America Magnetic Refrigeration Market Forecasts and Analysis - By Application
9.5.5South and Central America Magnetic Refrigeration Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Magnetic Refrigeration Market
9.5.5.1.1Brazil Magnetic Refrigeration Market by Product
9.5.5.1.2Brazil Magnetic Refrigeration Market by Application
9.5.5.2Argentina Magnetic Refrigeration Market
9.5.5.2.1Argentina Magnetic Refrigeration Market by Product
9.5.5.2.2Argentina Magnetic Refrigeration Market by Application
9.5.5.3Rest of South and Central America Magnetic Refrigeration Market
9.5.5.3.1Rest of South and Central America Magnetic Refrigeration Market by Product
9.5.5.3.2Rest of South and Central America Magnetic Refrigeration Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.MAGNETIC REFRIGERATION MARKET, KEY COMPANY PROFILES
11.1.ALTO REFRIGERATION MANUFACTURING CO., LTD.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BASF SE
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CAMFRIDGE
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.HAIER INC
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.KIUTRA
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.SAMSUNG ELECTRONICS CO., LTD
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SIGMA-ALDRICH CO.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.TOSHIBA CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.UBIBLUE
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.VACUUMSCHMELZE GMBH AND CO. KG
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. ALTO Refrigeration Manufacturing Co., Ltd.
2. BASF SE
3. Camfridge
4. Haier Inc
5. kiutra
6. Samsung Electronics Co., Ltd
7. Sigma-Aldrich Co.
8. Toshiba Corporation
9. Ubiblue
10. VACUUMSCHMELZE GmbH and Co. KG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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