Global Magnetic Refrigeration Market Analysis & Trends - Industry Forecast to 2030

Global Magnetic Refrigeration Market Analysis & Trends - Industry Forecast to 2030

The Global Magnetic Refrigeration Market is poised to grow at a CAGR of around 95.1% over the next decade to reach approximately $3190.8 million by 2030. Some of the prominent trends that the market is witnessing include growing demand for energy-efficient models of commercial refrigeration equipment, adoption of magnetic refrigeration in transportation sector, and trend for smart and technologically advanced refrigerators.

Based on the product, the market is segregated into air conditioning systems, refrigeration systems, display cases, heat pumps, and ice making machineries. The air conditioning systems segment is subcategorized into mobile air conditioners, stationary air conditioners, and chillers. The refrigeration systems segment is subdivided into ice cream cabinets, beverage coolers, freezers, refrigerators, cabinet displays, and cryogenic refrigerators.

By end user, the market is fragmented into domestic, commercial, transportation, chemical, industrial, and residential. Transportation segment is sub-classified aerospace, logistics, marine parking sensors, and automotive heating, ventilation, and air conditioning (HVAC). Industrial segment is sub-segmented into healthcare and food & beverage processing.

On the basis of material, the market is classified into gadolinium, erbium, and dysprosium alloys. Amongst type, the market is segregated into rotary type and reciprocating type. Depending on the component, the market is fragmented into cold heat exchanger, hot heat exchanger, magneto caloric wheel & drive, and magnets. Based on the application, the market is segregated into storage and temperature monitoring. By solution type, the market is fragmented into service, hardware, and software.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments