CHICAGO, August 10, 2015 /PRNewswire/ --
According to the new market research report "Magnetic Refrigeration Market by Product (Refrigeration, Air conditioning, Heat pumps), Application (Domestic, Commercial, Transportation & Industrial) & Geography - Global forecast to 2020", published by marketsandmarkets, the Magnetic Refrigeration Market is expected to reach USD 315.7 Million by 2022, growing at a CAGR of 98.7% between 2017 and 2022.
Browse 66 market Tables and 66 Figures spread through 153 Pages on "Magnetic Refrigeration Market"
Early buyers will receive 10% customization on this report.
Increasing concerns regarding the use of refrigerants that are ozone depleting and have a high global warming potential in refrigeration and air conditioning systems are expected to provide various growth opportunities for the magnetic refrigeration market. A magnetic refrigeration system's simple design, low maintenance cost, green technology, and higher energy efficiency are some of the attributes which are likely to fuel the growth of the magnetic refrigeration market in the coming years. The magnetic refrigeration technology can replace the conventional refrigeration systems that are used in refrigeration based compressor systems in all refrigeration and air conditioning products such as refrigerators, cabinet displays, freezers, beverage coolers, stationary & portable air conditioners, and heat pumps.
Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=243034247
The overall Magnetic Refrigeration Market has been segmented based on product, application, and geography. The magnetic refrigeration market for commercial applications is expected to grow at an estimated CAGR of 82.7% between 2017 and 2022.
Geographically, the magnetic refrigeration market has been segmented into North America (the U.S., Canada, and Mexico), Europe (Germany, the U.K., France, Italy, and Spain), APAC (China, Japan, India, South Korea, and Australia), South America (Brazil, Argentina, and Others) and the Rest of the world (Africa and the Middle East). The European market for magnetic refrigeration is expected to account for a market share of ~52% in 2016 and is estimated to grow at a CAGR of 87.3% between 2017 and 2022. The studied market in the APAC region is expected to grow at the highest rate of 139.5% between 2017 and 2022.
Some of the key players in the magnetic refrigeration market include Cooltech Applications (France), Camfridge Ltd (U.K.), Astronautics Corporation of America (U.S), Whirlpool Corporation (U.S.), General Electric CO. (U.S.), Qingdao Haier Co., Ltd (China), BASF SE (Germany), Eramet SA (France), Sigma-Aldrich Corporation (U.S.), Samsung Electronics Co., Ltd (South Korea), and Toshiba Corporation (Japan).
Browse Related Reports
HVAC Controls Market by Product Type (Temperature, Ventilation, Humidity, Integrated), Components (Sensors, Controlled devices, Smart Vents), Application (Residential, Commercial), Operation & Geography - Analysis & Forecast to 2014 - 2020
Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
1 South Dearborn Street,
21st Floor , Chicago,
Tel: + 1-888-600-6441
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets