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The Magnetics market is a subset of the Engineering industry that focuses on the production and use of magnets and magnetic materials. It includes the design, manufacture, and application of permanent magnets, electromagnets, and magnetic materials. These materials are used in a variety of industries, including automotive, aerospace, medical, and consumer electronics.
The Magnetics market is driven by the increasing demand for high-performance, energy-efficient, and cost-effective magnetic materials. This demand is driven by the need for improved performance in a variety of applications, such as motors, generators, and sensors. Additionally, the development of new technologies, such as rare-earth magnets, has enabled the production of more powerful and efficient magnetic materials.
Companies in the Magnetics market include Hitachi Metals, TDK Corporation, Sumitomo Electric Industries, and Daido Steel. Other major players include Arnold Magnetic Technologies, Adams Magnetic Products, and Arnold Magnetic Technologies. Show Less Read more