Dublin, Jan. 10, 2024 (GLOBE NEWSWIRE) — The “Magnetic Refrigeration Systems – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $15.2 Million |
| Forecasted Market Value (USD) by 2030 | $3500 Million |
| Compound Annual Growth Rate | 97.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/f6rog6
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- Global Market for Magnetic Refrigeration Systems
