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Rosy future predicted for the global magnetic refrigeration market

Industrial Market Research

The Global Magnetic Refrigeration Market accounted to USD 6 billion in 2016 growing at a CAGR of 98.8% during the forecast period of 2017 to 2024.

The “Global Magnetic Refrigeration Market by Product, Application, Geography, Industry Size, Share, Drivers Analysis & Top Vendors are Cooltech Applications, Camfridge Ltd, Astronautics Corporation of America & Whirlpool Corporation and Forecasts 2017-2024”, also 

This report consists of below pages:

  • No of pages: 350
  • No of Figures: 60
  • No of Tables: 220

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Report Definition:

Magnetic refrigeration is based on the principle of Magnetocaloric Effect (MCE). Magnetocaloric effect is a phenomenon where Magnetocaoric materials gets heated up when they are immersed in the magnetic field and cool down when removed from it, almost instantly.

Magnetic refrigeration is safer, compact, and quieter and it is higher cooling efficient as compared to the traditional gas compression refrigeration.