Portugal’s permanent magnet market is experiencing growth, driven by the nation’s strong focus on renewable energy and electric mobility. The country is expanding its wind power capacity through a growing number of onshore and offshore projects. The adoption of direct-drive wind turbines-which depend on permanent magnets-is on the rise as Portugal works toward its renewable energy goals. A notable example is the Windfloat Atlantic floating wind farm, showcasing the country’s advancements in offshore wind energy.
In addition, Portugal’s push for industrial modernization and the adoption of smart manufacturing technologies is boosting the use of permanent magnets in applications such as motors, robotics, and automation systems. Backed by progressive green energy policies, Portugal is well-positioned for continued and stable growth in its permanent magnet market.
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