The Permanent Magnet Market size is expected to reach US$ 47,309.65 million by 2031 from US$ 25,035.19 million in 2024. The market is estimated to record a CAGR of 10.0 % from 2025 to 2031. Executive Summary: Global Permanent Magnet Market The global permanent magnet market is undergoing substantial expansion, propelled by technological innovation, the escalating need for energy-efficient...

The global neodymium iron boron (NdFeB) permanent magnet market is projected to grow significantly, reaching US$ 29,129.11 million by 2031, up from US$ 15,204.23 million in 2024. This growth reflects a robust CAGR of 10.3% during the forecast period from 2025 to 2031. Executive Summary & Global Market Analysis The NdFeB magnet market is witnessing strong momentum, fueled by increasing...

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. One of the key factors driving this growth is the increasing focus on renewable energy sources, such as wind and solar energy. Permanent magnets play a crucial role in enhancing the efficiency of wind turbine...

In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key...

As a leader in the production of Sintered NdFeB Magnets, Dingfeng Magnetic provides a wide range of high-performance magnets used in various industrial applications. Sintered NdFeB Permanent Magnet are known for their exceptional magnetic properties, making them an ideal choice for technologies that require high magnetic force in compact sizes. These magnets have revolutionized many industries,...