Electric Vehicle Adoption Powers Permanent Magnet Market at 9.52% CAGR

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2026-07-01 10:40:03 -

Permanent magnets are materials that generate a persistent magnetic field without requiring an external power source and are widely used in electrical, automotive, industrial, and electronic applications. The Permanent Magnet Market share is expected to reach US$ 47.30 Billion by 2031 from US$ 25.03 Billion in 2024. The market is estimated to record a CAGR of 9.52% from 2025 to...

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