Spain's aerospace and defense industry is experiencing significant growth. According to the International Trade Administration, the country ranked 5th in Europe and 8th globally in aerospace industry turnover in 2022. Spain is home to 696 aerospace production facilities, with 84% of them located in central regions, including Madrid, Castile-La Mancha, Castile-León, Andalusia, and the Basque Country.
Alongside aerospace advancements, Spain is strongly committed to expanding its renewable energy capacity, particularly in solar and wind power. Permanent magnets are essential for improving the efficiency and performance of renewable energy systems such as wind turbines and solar technologies. In 2021, renewable energy sources, including solar (both photovoltaic and thermal), hydropower, and wind, accounted for 46.7% of Spain's total energy production. The country aims to generate 74% of its electricity from renewables by 2030 and reach 100% by 2050.
The drive for innovation, quality, and efficiency in key sectors like automotive, aerospace and defense, and renewable energy is fueling the demand for permanent magnets in Spain. This reflects the strength and diversity of the nation’s industrial ecosystem, supporting sustained market growth.
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