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MRI Ferromagnetic Detection Systems Market Size, Share & Trends Analysis Report By Type (Stationary, Portable), By Region (North America, Asia Pacific), By End-use, And Segment Forecasts, 2023 - 2030

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    Report

  • 110 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893244
Description Jump to:
The global MRI ferromagnetic detection systems market size is anticipated to reach USD 1, 293.77 million by 2030, registering a CAGR of 14.87% from 2023 to 2030. The primary factors driving the market growth are the increasing demand for safety measures in MRI rooms and regulatory implications mandating these safety precautions. An efficient MRI systemhas a strong, consistent static magnetic field that serves as an energy store. In MRI, the presence of metallic elements can lead to severe problems since long cables frequently produce currents and heat up due to RF magnetic fields, and metals can experience a force in the MRI that reduces image quality. The patient's health could suffer as a result of these concerns. As a result, MRI metal detectors are essential for checking for metals in space.

The usage of ferromagnetic detecting devices helps avoid accidents that could be brought on by external ferromagnetic objects, such as pocketknives and hearing aids. Considerable growth in MRI systems globally is among the key factors boosting product demand. The rising patient population requiring MRI diagnosis, technological advancements in MRI technology, and rising demand for early diagnosis have led to product demand across healthcare institutes, such as hospitals, ASCs, and independent units. As per the analysis, the global MRI market accounted for USD 5.26 billion in 2022 and is projected to grow at a considerable growth rate of around 7% during the forecast period.

North America is the dominant regional market due to the high product adoption in the region. Moreover, a high volume of MRI units per million population, significant importance to safety measures, and regulatory mandates for medical devices in the region support market growth. Asia Pacific is projected to grow at the highest CAGR of 16.05% during the forecast period owing to the rising healthcare expenditure on medical imaging diagnosis and the growing importance of medical tourism in Asia Pacific countries. Developing countries, such as India, China, and Singapore, are investing heavily in the expansion of healthcare facilities, including diagnostic imaging systems. Japan had the largest number of MRI units per million at 55.21 in 2019, followed by Australia at 15 units per million population.

MRI Ferromagnetic Detection Systems Market Report Highlights

  • North America accounted for the largest share of 33.95% in 2022 owing to the high number of MRI installations, technologically advanced infrastructure, and high healthcare spending per capita
  • Based on type, the stationary segment dominated the market by capturing a 65.89% share of the global revenue in 2022 owing to the high number of MRI facilities installed at hospitals and the demand for controlled pre-screening before entering the MRI room. This type offers high-sensitivity and full-body scanning of patients and personnel
  • Based on end-use, the hospitals segment accounted for the largest market share of 63.16% in 2022 as many hospital settings are equipped with advanced medical imaging systems for anomaly diagnosis


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Type
1.1.2. End-use
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia Pacific
1.3.5.4. Data for primary interviews in Latin America
1.3.5.5. Data for primary interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. MRI Ferromagnetic Detection Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Increasing demand for MRI units
3.3.1.2. Technological advancements
3.3.1.3. Rising healthcare expenditure in developing countries
3.3.2. Market restraint analysis
3.3.2.1. High cost of devices
3.4. MRI Ferromagnetic Detection Systems Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PEST Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic landscape
3.4.2.3. Social landscape
3.4.2.4. Technological landscape
Chapter 4. MRI Ferromagnetic Detection Systems Market: Type Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Stationary
4.1.2. Portable
4.2. Type Market Share, 2022 & 2030
4.3. Segment Dashboard
4.4. MRI Ferromagnetic Detection Systems Market by Type Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Stationary
4.5.1.1. Stationary market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Portable
4.5.2.1. Portable market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. MRI Ferromagnetic Detection Systems Market: End-use Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Hospitals
5.1.2. Other Healthcare Establishment
5.2. End-use Market Share, 2022 & 2030
5.3. Segment Dashboard
5.4. MRI Ferromagnetic Detection Systems Market by End-use Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Hospitals
5.5.1.1. Hospitals market estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Other Healthcare Establishment
5.5.2.1. Other Healthcare Establishment market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. MRI Ferromagnetic Detection Systems Market: Regional Estimates & Trend Analysis
6.1. Regional Market Share Analysis, 2022 & 2030
6.2. Regional Market Dashboard
6.3. Global Regional Market Snapshot
6.4. Regional Market Share and Leading Players, 2022
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.4.4. Latin America
6.4.5. Middle East and Africa
6.5. Market Estimate & Forecasts and Trend Analysis, 2018 to 2030
6.6. North America
6.6.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
6.6.2. U.S.
6.6.2.1. Key country dynamics
6.6.2.2. Regulatory framework
6.6.2.3. U.S. market estimates and forecasts, 2018 - 2030
6.6.3. Canada
6.6.3.1. Key country dynamics
6.6.3.2. Regulatory framework
6.6.3.3. Canada market estimates and forecasts, 2018 - 2030
6.7. Europe
6.7.1. UK
6.7.1.1. Key country dynamics
6.7.1.2. Regulatory framework
6.7.1.3. UK market estimates and forecasts, 2018 - 2030
6.7.2. Germany
6.7.2.1. Key country dynamics
6.7.2.2. Regulatory framework
6.7.2.3. Germany market estimates and forecasts, 2018 - 2030
6.7.3. France
6.7.3.1. Key country dynamics
6.7.3.2. Regulatory framework
6.7.3.3. France market estimates and forecasts, 2018 - 2030
6.7.4. Italy
6.7.4.1. Key country dynamics
6.7.4.2. Regulatory framework
6.7.4.3. Italy market estimates and forecasts, 2018 - 2030
6.7.5. Spain
6.7.5.1. Key country dynamics
6.7.5.2. Regulatory framework
6.7.5.3. Spain market estimates and forecasts, 2018 - 2030
6.7.6. Denmark
6.7.6.1. Key country dynamics
6.7.6.2. Regulatory framework
6.7.6.3. Denmark market estimates and forecasts, 2018 - 2030
6.7.7. Sweden
6.7.7.1. Key country dynamics
6.7.7.2. Regulatory framework
6.7.7.3. Sweden market estimates and forecasts, 2018 - 2030
6.7.8. Norway
6.7.8.1. Key country dynamics
6.7.8.2. Regulatory framework
6.7.8.3. Norway market estimates and forecasts, 2018 - 2030
6.8. Asia Pacific
6.8.1. Japan
6.8.1.1. Key country dynamics
6.8.1.2. Regulatory framework
6.8.1.3. Japan market estimates and forecasts, 2018 - 2030
6.8.2. India
6.8.2.1. Key country dynamics
6.8.2.2. Regulatory framework
6.8.2.3. India market estimates and forecasts, 2018 - 2030
6.8.3. China
6.8.3.1. Key country dynamics
6.8.3.2. Regulatory framework
6.8.3.3. China market estimates and forecasts, 2018 - 2030
6.8.4. South Korea
6.8.4.1. Key country dynamics
6.8.4.2. Regulatory framework
6.8.4.3. South Korea market estimates and forecasts, 2018 - 2030
6.8.5. Australia
6.8.5.1. Key country dynamics
6.8.5.2. Regulatory framework
6.8.5.3. Australia market estimates and forecasts, 2018 - 2030
6.8.6. Thailand
6.8.6.1. Key country dynamics
6.8.6.2. Regulatory framework
6.8.6.3. Thailand market estimates and forecasts, 2018 - 2030
6.9. Latin America
6.9.1. Brazil
6.9.1.1. Key country dynamics
6.9.1.2. Regulatory framework
6.9.1.3. Brazil market estimates and forecasts, 2018 - 2030
6.9.2. Mexico
6.9.2.1. Key country dynamics
6.9.2.2. Regulatory framework
6.9.2.3. Mexico market estimates and forecasts, 2018 - 2030
6.9.3. Argentina
6.9.3.1. Key country dynamics
6.9.3.2. Regulatory framework
6.9.3.3. Argentina market estimates and forecasts, 2018 - 2030
6.10. MEA
6.10.1. South Africa
6.10.1.1. Key country dynamics
6.10.1.2. Regulatory framework
6.10.1.3. South Africa market estimates and forecasts, 2018 - 2030
6.10.2. Saudi Arabia
6.10.2.1. Key country dynamics
6.10.2.2. Regulatory framework
6.10.2.3. Saudi Arabia market estimates and forecasts, 2018 - 2030
6.10.3. UAE
6.10.3.1. Key country dynamics
6.10.3.2. Regulatory framework
6.10.3.3. UAE market estimates and forecasts, 2018 - 2030
6.10.4. Kuwait
6.10.4.1. Key country dynamics
6.10.4.2. Regulatory framework
6.10.4.3. Kuwait market estimates and forecasts, 2018 - 2030
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Participant’s Overview
7.3. Product Benchmarking
7.4. Company Market Position Analysis
7.5. Strategy Mapping
7.5.1. New product launch
7.5.2. Mergers & acquisitions
List of Tables
Table 1 List of Abbreviation
Table 2 North America MRI ferromagnetic detection systems market, by region, 2018 - 2030 (USD Million)
Table 3 North America MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 4 North America MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 5 U.S. MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 6 U.S. MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 7 Canada MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 8 Canada MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 9 Europe MRI ferromagnetic detection systems market, by region, 2018 - 2030 (USD Million)
Table 10 Europe MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 11 Europe MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 12 Germany MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 13 Germany MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 14 UK MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 15 UK MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 16 France MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 17 France MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 18 Italy MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 19 Italy MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 20 Spain MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 21 Spain MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 22 Sweden MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 23 Sweden MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 24 Denmark MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 25 Denmark MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 26 Norway MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 27 Norway MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 28 Asia Pacific MRI ferromagnetic detection systems market, by region, 2018 - 2030 (USD Million)
Table 29 Asia Pacific MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 30 Asia Pacific MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 31 China MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 32 China MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 33 Japan MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 34 Japan MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 35 India MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 36 India MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 37 Australia MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 38 Australia MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 39 South Korea MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 40 South Korea MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 41 Thailand MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 42 Thailand MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 43 Latin America MRI ferromagnetic detection systems market, by region, 2018 - 2030 (USD Million)
Table 44 Latin America MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 45 Latin America MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 46 Brazil MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 47 Brazil MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 48 Mexico MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 49 Mexico MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 50 Argentina MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 51 Argentina MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 52 Middle East and Africa MRI ferromagnetic detection systems market, by region, 2018 - 2030 (USD Million)
Table 53 Middle East and Africa MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 54 Middle East and Africa MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 55 South Africa MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 56 South Africa MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 57 Saudi Arabia MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 58 Saudi Arabia MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 59 UAE MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 60 UAE MRI ferromagnetic detection systems market, by technology, 2018 - 2030 (USD Million)
Table 61 UAE MRI ferromagnetic detection systems market, by display, 2018 - 2030 (USD Million)
Table 62 UAE MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
Table 63 Kuwait MRI ferromagnetic detection systems market, by type, 2018 - 2030 (USD Million)
Table 64 Kuwait MRI ferromagnetic detection systems market, by end use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 MRI Ferromagnetic Detection Systems market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Segment snapshot
Fig. 11 Competitive landscape
Fig. 12 Market lineage
Fig. 13 MRI ferromagnetic detection systems market dynamics
Fig. 14 MRI ferromagnetic detection systems market: PORTER’s analysis
Fig. 15 MRI ferromagnetic detection systems market: PEST analysis
Fig. 16 MRI ferromagnetic detection systems market: by type: Key takeaways
Fig. 17 MRI ferromagnetic detection systems market, by type: Market share, 2022 & 2030
Fig. 18 Stationary market, 2018 - 2030 (USD Million)
Fig. 19 Portable market 2018 - 2030 (USD Million)
Fig. 20 MRI ferromagnetic detection systems market, by end-use: Key takeaways
Fig. 21 MRI ferromagnetic detection systems market, by end-use: Market share, 2022 & 2030
Fig. 22 Hospital market, 2018 - 2030 (USD Million)
Fig. 23 Clinics & other health centers market 2018 - 2030 (USD Million)
Fig. 24 MRI ferromagnetic detection systems market revenue, by region, 2022 & 2030, (USD Million)
Fig. 25 Regional marketplace: Key takeaways
Fig. 26 Regional marketplace: Key takeaways
Fig. 27 North America MRI ferromagnetic detection systems market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 28 Key country dynamics
Fig. 29 Reimbursement scenario
Fig. 30 U.S. MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Key country dynamics
Fig. 32 Canada MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Europe MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Key country dynamics
Fig. 35 UK MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Key country dynamics
Fig. 37 Germany MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Key country dynamics
Fig. 39 France MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Key country dynamics
Fig. 41 Italy MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Key country dynamics
Fig. 43 Spain MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Key country dynamics
Fig. 45 Denmark MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Key country dynamics
Fig. 47 Sweden MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Key country dynamics
Fig. 49 Norway MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Asia Pacific MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Key country dynamics
Fig. 52 Japan MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Key country dynamics
Fig. 54 China MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Key country dynamics
Fig. 56 India MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Key country dynamics
Fig. 58 Australia MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key country dynamics
Fig. 60 Thailand MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Key country dynamics
Fig. 62 South Korea MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Latin America MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 Key country dynamics
Fig. 65 Brazil MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 Key country dynamics
Fig. 67 Mexico MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 68 Key country dynamics
Fig. 69 Argentina MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Middle East & Africa MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 71 Key country dynamics
Fig. 72 South Africa MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 73 Key country dynamics
Fig. 74 Saudi Arabia MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 75 Key country dynamics
Fig. 76 UAE MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 77 Key country dynamics
Fig. 78 Kuwait MRI ferromagnetic detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 79 Key company categorization
Fig. 80 Company market position analysis
Fig. 81 Strategy mapping

Companies Mentioned

  • Kopp Development Inc.
  • Bio-x, Magmedix Inc.
  • Metrasens
  • Tactical Solutions
  • C.E.I.A. S.p.A.
  • ITEL Telecomunicazioni S.r.l.
  • Nanjing Cloud Magnet Electronics Technology Co., Ltd.
  • ETS Lindgren
  • Fujidenolo Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages110
PublishedSeptember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 435 Million
Forecasted Market Value ( USD ) by 2030 $ 1293.77 Million
Compound Annual Growth Rate14.8%
Regions CoveredGlobal
No. of Companies Mentioned9

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