Magnetic Refrigeration Systems - Global Strategic Business Report

Global Magnetic Refrigeration Systems Market to Reach $3.5 Billion by 2030

The global market for Magnetic Refrigeration Systems estimated at US$15.2 Million in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 97.1% over the analysis period 2022-2030. Refrigeration Systems, one of the segments analyzed in the report, is projected to record 100.4% CAGR and reach US$2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Air Conditioning Systems segment is readjusted to a revised 94.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Million, While China is Forecast to Grow at 89.8% CAGR

The Magnetic Refrigeration Systems market in the U.S. is estimated at US$5.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$433.7 Million by the year 2030 trailing a CAGR of 89.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 86.1% and 81.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 64% CAGR.

Select Competitors (Total 18 Featured) -

• Astronautics Corporation of America
• BASF SE
• Camfridge Ltd.
• Cooltech Applications SAS
• Eramet Group
• MilliporeSigma
• Qingdao Haier Co., Ltd.
• Samsung Electronics Co., Ltd.
• Toshiba Corporation
• Vacuumschmelze GmbH & Co. KG
• Whirlpool Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year