Magnetic Refrigeration Systems – Global Industry Analysis 2025

A new research report by Transparency Market Research offers a comprehensive evaluation of the global Magnetic Refrigeration Market. The study, titled Magnetic Refrigeration Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025, is available for sale on the firm’s website.

Magnetic refrigeration is a cooling technology based upon the magnetocaloric effect. The technique can be used to attain extremely low temperatures. Magneto caloric effect (MCE) is a phenomenon, wherein temperature change of the magneto caloric material (MCM) is caused by exposing the material to a changing magnetic field. The temperature of MCMs increases when exposed to magnetic field and decreases when removed from it. The effect is reversible and instantaneous. Under the magnetic refrigeration system, a controlled magnetic field applies a series of magnetization & demagnetization cycles to the magnetocaloric alloys. Each of these cycles creates a temperature gradient in the MCE material. A rapid succession of these cycles produces the final and stabilized hot and cold temperatures in the refrigerated system. The magnetic refrigeration system involves components such as magnetic materials, regenerators, superconducting magnets, and active magnet regenerator.

Browse Market Research Report @

http://www.transparencymarketresearch.com/magnetic-refrigeration-market.html

Gas is used in conventional refrigeration systems for the cooling effect. Magnets used in the magnetic refrigeration systems are permanent and do not require any external energy. Furthermore, the magnetic refrigeration system does not utilize any gas for the cooling function; thus, it is a low maintenance and environmentally-friendly technology. Refrigeration systems using the magnetic refrigeration technology tend to be quieter and energy efficient. Based on type, the magnetic refrigeration technology can be segmented into refrigeration systems, air conditioning systems, and heat pumps. Refrigeration systems consist of refrigerators, cabinet displays, freezers, ice-cream cabinets, and beverage coolers. The magnetic refrigeration technology can also be used in air conditioning systems. It can also be employed in heat pumps. Magnetic refrigeration systems are widely used in domestic, industrial, and transportation & commercial segments.

Increase in awareness about global warming is the major driver of the magnetic refrigeration market. Conventional cooling or refrigeration systems make use of gases such as Co2, CFC, and liquid nitrogen. These toxic substances are harmful for the environment and cause ozone depletion. The usage of air conditioning and other refrigeration systems for food preservation and other use is rising. Thus, refrigeration and air cooling systems are estimated to account for 13% share of the global greenhouse gas (GHG) emission by 2030. The magnetic refrigeration technology is free of gas; thus, it is environmentally-friendly. Less energy consumption is another driver of the magnetic refrigeration market.

In terms of region, the magnetic refrigeration market in Europe is expected to expand significantly owing to the large presence of players dealing in the magnetic refrigeration technology. Some companies in countries such as France and Germany are carrying out extensive research in the technology of MCE materials and magnetic refrigeration. Governments of countries in Europe are also encouraging research associated with refrigeration to minimize global warming and ozone layer depletion. The magnetic refrigeration market in Asia Pacific is also anticipated to exhibit strong growth due to the rise in population in the region. Increase in population is estimated to result in higher demand for domestic and industrial food preservation cooling technology. This provides an opportunity for the magnetic refrigeration market. Food preservation industry, beverage industry in North America are vast. This is projected to propel the magnetic refrigeration market in the region.

Prominent players operating in the magnetic refrigeration market are Cooltech Applications, Camfridge, BASF SE, Fujikura Ltd., TOSHIBA MATERIALS CO., LTD., GE Electric Co., Sigma-Aldrich Co. LLC., Astronautics Corporation of America, Whirlpool Corporation, and VACUUMSCHMELZE GmbH & Co. KG.

Get accurate market forecast and analysis on the Magnetic Refrigeration market. Request a sample to stay abreast on the key trends impacting this market@

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28277

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand

  • Market size

  • Current trends/opportunities/challenges

  • Competitive landscape

  • Technological breakthroughs

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)

  • Latin America (Mexico, Brazil, Peru, Chile, and others)

  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

  • Eastern Europe (Poland and Russia)

  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

  • Middle East and Africa (GCC, Southern Africa, and North Africa)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog : https://cmeindustrytresearchreports.blogspot.in/

Designed by CyFocus.com
Powered by CyFocus.net
%d bloggers like this: