Global Rare Earth Magnetic Refrigeration Materials Market Growth 2025-2031

The global Rare Earth Magnetic Refrigeration Materials market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Rare earth magnetic refrigeration material refers to a new refrigeration technology that uses magnetic materials as working fluids. The basic principle is to use the magnetocaloric effect of the magnetic refrigeration material, that is, when the magnetic refrigeration material is isothermally magnetized, it releases heat to the outside world, and when it is adiabatically demagnetized, it absorbs heat from the outside world to achieve the purpose of refrigeration.

United States market for Rare Earth Magnetic Refrigeration Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Rare Earth Magnetic Refrigeration Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Rare Earth Magnetic Refrigeration Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Rare Earth Magnetic Refrigeration Materials players cover Hitachi Metals Group, Shin-Etsu, TDK, VACUUMSCHMELZE GmbH, HTS-110, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Rare Earth Magnetic Refrigeration Materials Industry Forecast” looks at past sales and reviews total world Rare Earth Magnetic Refrigeration Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Rare Earth Magnetic Refrigeration Materials sales for 2025 through 2031. With Rare Earth Magnetic Refrigeration Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Magnetic Refrigeration Materials industry.

This Insight Report provides a comprehensive analysis of the global Rare Earth Magnetic Refrigeration Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rare Earth Magnetic Refrigeration Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rare Earth Magnetic Refrigeration Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Magnetic Refrigeration Materials and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth Magnetic Refrigeration Materials.

This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth Magnetic Refrigeration Materials market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Rare Earth Compounds
Amorphous Alloy
Alloys or Compounds of 3D Transition Metals

Segmentation by Application:
Wind Power
New Energy Vehicles
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi Metals Group
Shin-Etsu
TDK
VACUUMSCHMELZE GmbH
HTS-110
Eriez
Daido Electronics
Arnold Magnetic Technologies
TyTek Industries
Radial Magnets
Eclipse Magnetics Ltd
Beijing Zhong Ke San Huan High-Tech Co.,Ltd
Ningbo Yunsheng Co.,Ltd
Earth-Panda Advanced Magnetic Material Co., Ltd
JL MAG Rare-Earth Co., Ltd
Yantai Zhenghai Magnetic Material Co.,Ltd
Jingci Material Science Co., Ltd
Zhejiang Innuovo Magnetics Co.,Ltd
Zhejiang Zhongyuan Magnetic Material Co.,Ltd
Advanced Technology & Materials Co.,Ltd
Magsuper (Dong Guan) Corp
Baotou Tianhe Magnetics Technology Co., Ltd
Grinm Advanced Materials Co., Ltd

Key Questions Addressed in this Report

What is the 10-year outlook for the global Rare Earth Magnetic Refrigeration Materials market?

What factors are driving Rare Earth Magnetic Refrigeration Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Rare Earth Magnetic Refrigeration Materials market opportunities vary by end market size?

How does Rare Earth Magnetic Refrigeration Materials break out by Type, by Application?

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