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Magnetic refrigeration market poised to reach US$ 163.7 million by 2023

Magnetic refrigeration market poised to reach US$ 163.7 million by 2023

The Global Magnetic Refrigeration market is expected to be valued at USD 163.7 million by 2023, growing at a CAGR of 108.0% between 2018 and 2023.

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This market growth can be credited to the growing pressure on the refrigeration industry to reduce the use of harmful refrigerants such as hydro fluorocarbons and chlorofluorocarbons. The magnetic refrigeration system uses 40% less energy than traditional vapor compression system.

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Increasing focus on green technology, high energy efficiency, low maintenance costs are the drivers for this industry.

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Based on different products, the global magnetic refrigeration market can be segmented as cryogenic refrigerators, display cases, ice making machineries, beverages refrigeration, air conditioning, chillers, heat pump, and others.

Complete report on Magnetic Refrigeration Market spread across 120 pages, profiling 11 companies and supported with tables and figures. Inquire for more at www.orianresearch.com/discount/406308 .

The major key players in Magnetic Refrigeration Industry are - refrigerators, refrigeration systems, air conditioning systems, chillers, cabinet displays, freezers, beverage coolers, stationary air conditioners, ice cream cabinets, mobile air conditioners and heat pumps.

Based on application, the global magnetic refrigeration market can be classified as domestic refrigeration, commercial refrigeration, refrigerated transportation and logistics, automotive, industrial refrigeration, food and beverages processing industries, healthcare, and others.

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Key Benefits for This Report

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments

Target Audience

  • Magnetic refrigeration products and solutions providers
  • Magnetic refrigeration-related service providers
  • Magnetic refrigeration materials and accessories providers
  • Magnetic refrigeration consulting companies
  • Magnetic refrigeration assembly companies

 

Table of Content

  1. EXECUTIVE SUMMARY
  2. DEMOGRAPHIC OVERVIEW
  3. RESEARCH METHODOLOGY
  4. PREMIUM INSIGHTS
  5. MARKET OVERVIEW
  6. MARKET FACTOR ANALYSIS
  7. GLOBAL MAGNETIC REFRIGERATION MARKET BY PRODUCT
  8. GLOBAL MAGNETIC REFRIGERATION MARKET BY APPLICATION
  9. GLOBAL MAGNETIC REFRIGERATION MARKET BY REGION
  10. MARKET TRENDS AND COMPETITIVE ANALYSIS

11. MAJOR COMPANY PROFILES

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