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Tejas Kudale added blog Other
2026-07-01 10:40:03 -

Electric Vehicle Adoption Powers Permanent Magnet Market at 9.52% CAGR
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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Roberr Wadra added blog Other
2026-06-03 07:53:16 -

Permanent Magnet Market to Reach US$ 47.30 Billion by 2031 Driven by EVs, Renewable Energy, and Consumer Electronics
A permanent magnet is a material that produces its own magnetic field and retains its magnetism without requiring an external power source or electric current. Unlike electromagnets, which need electricity to generate a magnetic field, permanent magnets remain magnetized for long periods under normal conditions. The global Permanent Magnet market is witnessing robust...

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