Luxembourg’s permanent magnet market is modest in size compared to other European nations but is experiencing growth driven by the country’s commitment to renewable energy and industrial innovation. Significant investments are being made in green technologies such as wind power and electric vehicles, both of which depend on permanent magnets for components like electric motors and turbine generators. Although Luxembourg lacks extensive wind farm installations and a large EV manufacturing industry, it actively supports these areas through investments in clean energy infrastructure and sustainability-focused initiatives.
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