Research Nester assesses the growth and market size of arc ferrite magnet market which is anticipated to be on account of the increasing demand from end-use industries and increasing demand for the automotive sector.

New York – September 1, 2023 - Research Nester’s recent market research analysis on “Arc Ferrite Magnet Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global arc ferrite magnet market in terms of market segmentation by type, end-user, and by region.

Expanding Renewable Energy Generation to Promote Global Market Share of Arc Ferrite Magnet
Arc ferrite magnets play a pivotal role in the generators of wind turbines. With the increasing adoption of wind energy, the demand for these magnets is surging as well, contributing to the sector's growth. The global wind turbine industry is expected to grow by nearly 8% by the year 2027.

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Some of the major growth factors and challenges that are associated with the growth of the global arc ferrite magnet market are:

Growth Drivers:
• Cost-Effectiveness and Environmental Compliance
• Electrification of Transportation
Challenges:
The supply chain for raw materials used in ferrite magnets, such as iron oxides and rare earth elements, can be vulnerable to disruptions due to geopolitical factors, trade tensions, or environmental regulations. Supply chain disruptions can lead to material shortages and price fluctuations, affecting manufacturing processes and overall industry stability.
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The anisotropic segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The renewable energy sector relies heavily on efficient wind turbines. Anisotropic arc ferrite magnets are used in generators for wind energy applications, contributing to the growth of this segment as the world seeks sustainable energy sources.
By region, the Europe arc ferrite magnet market is to generate notable revenue by the end of 2036. Europe is actively transitioning towards renewable energy sources such as wind and solar power. Arc ferrite magnets are essential components in wind turbine generators, contributing to the growth of this market segment. As Europe focuses on reducing emissions and promoting sustainable transportation, the demand for arc ferrite magnets used in electric vehicle motors and powertrains is on the rise. Europe's industrial sector is increasingly adopting automation and robotics to improve efficiency and competitiveness. Arc ferrite magnets are integral to motors and sensors used in automation applications.
This report also provides the existing competitive scenario of some of the key players of the global arc ferrite magnet market which includes company profiling of Arnold Magnetic Technologies, Adams Magnetic Products Co., Dexter Magnetic Technologies, Vacuumschmelze (VAC), Hitachi Metals Ltd., and others.
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