Degaussing Systems

Global Degaussing Systems Market to Reach US$827.9 Million by 2030

The global market for Degaussing Systems estimated at US$656.5 Million in the year 2024, is expected to reach US$827.9 Million by 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Degaussing, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$366.1 Million by the end of the analysis period. Growth in the Deperming segment is estimated at 3.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$122.8 Million While China is Forecast to Grow at 5.3% CAGR

The Degaussing Systems market in the U.S. is estimated at US$122.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$210.1 Million by the year 2030 trailing a CAGR of 5.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Degaussing Systems Market - Key Trends & Drivers Summarized

Degaussing systems are specialized equipment used to eliminate unwanted magnetic fields from electronic devices and media, such as hard drives, tapes, and monitors. This process is essential for ensuring data security, as it completely erases magnetic storage media, preventing unauthorized access to sensitive information. Degaussing works by applying a powerful magnetic field to disrupt the existing magnetic patterns on the storage media, rendering the data irretrievable. These systems are widely used in industries that handle confidential information, including government, military, financial institutions, and IT services, where the secure destruction of data is paramount.

Technological advancements have significantly enhanced the effectiveness and efficiency of degaussing systems. Modern degaussers are designed to handle high-capacity storage devices and provide more powerful magnetic fields to ensure complete data destruction. Innovations in degaussing technology have led to the development of automated systems that can process large volumes of media quickly and securely. Portable degaussers have also been introduced, offering flexibility and convenience for on-site data destruction. The integration of digital controls and monitoring systems has improved the precision and reliability of the degaussing process, ensuring compliance with stringent data security standards. Additionally, advancements in electromagnetic technology have enabled the development of energy-efficient degaussing systems, reducing operational costs and environmental impact.

The growth in the degaussing systems market is driven by several factors. The increasing awareness of data security threats and the rising incidence of data breaches have heightened the demand for effective data destruction solutions. Regulatory requirements and industry standards for data protection and privacy are major drivers, as organizations must comply with these regulations to avoid legal and financial penalties. Technological advancements that enhance the capabilities and efficiency of degaussing systems further fuel market growth. Additionally, the expanding use of digital storage media and the growing volume of sensitive data being generated and stored by organizations contribute to the demand for degaussing systems. The rise of cybersecurity concerns and the need for secure disposal of outdated or redundant data storage devices also support market expansion. These factors collectively highlight the dynamic growth of the degaussing systems market, reflecting its critical role in safeguarding sensitive information and ensuring data security.

SCOPE OF STUDY:

The report analyzes the Degaussing Systems market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Solution (Degaussing, Deperming, Ranging); Vessel Type (Large, Medium, Small)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 46 Featured) -

• American Superconductor Corporation
• DA-Group
• Dayatech Merin Sdn Bhd
• ECA Group
• IFEN S.p.a.
• L3Harris Technologies Inc.
• Larsen & Toubro Limited
• Polyamp AB
• Ultra Electronics Holdings PLC
• Wärtsilä Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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