The global permanent magnet market size is expected to reach $34.70 billion by 2026 owing to the rising need for energy and the use of strong magnets for power generation. A permanent magnet is a device that can retain its magnetic properties despite being in an atmosphere with no magnetic field. Permanent magnets are used in various kinds of loudspeakers, and other home appliances, the market value stood at $17.85 billion in 2018 and will exhibit a CAGR of 8.7% in the forecast 2019 to 2026.
Source:
https://www.fortunebusinessins....ights.com/permanent-
Like
Comment
Share
