Magnetic Refrigeration Market Growing at 98.7% CAGR to 2022

Share Article

The magnetic refrigeration technology is expected to be commercialized by 2016 says new research report at RnRMarketResearch.com

Market Research Reports

Market Research Reports

Magnetic Refrigeration Market is expected to reach USD 315.7million by 2022,at an estimated CAGR of 98.7% between 2017 and 2022

The magnetic refrigeration technology is expected to be commercialized by 2016. It is likely to emerge as a viable alternative for refrigerants which are ozone depleting and have a high global warming potential.This technology is expected to be commercialized first for commercial applications due to which the latter is expected to dominate the Magnetic Refrigeration Market. Industrial is another application after commercial that is expected to hold a major share as magnetic refrigeration is expected to be increasingly adopted in refrigerators, cabinet displays, freezers, beverage coolers, and ice-cream cabinets.

The magnetic refrigeration technology is also expected to find application in air conditioning and heat pumps. It can be used in the air conditioning segment in both stationary and mobile air conditioners along with chillers. Check 66 market tables and 66 figures spread through 153 pages on "Magnetic Refrigeration Market" at http://www.rnrmarketresearch.com/magnetic-refrigeration-market-by-product-refrigeration-air-conditioning-heat-pumps-application-domestic-commercial-transportation-industrial-geography-global-forecast-to-2022-market-report.html

Industrial is one application where magnetic refrigeration is expected to grow significantly wherein,food & beverage processing & storage is expected to be major market for magnetic refrigeration in the industrial sector. Due to the ban on the use of refrigerants with a high GWP in the industrial sector,there is an increasing demand for an alternative which is environment-friendly and also has a long lifetime. Any ban or phase-out of refrigerants has the highest impact on the industrial segment as it consumes the largest amount of refrigerants than the other segments.
Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=403098

Magnetic refrigeration market report includes the magnetic refrigeration market size and forecast from 2016 to 2022. The studied market is expected to reach USD 315.7millionby 2022,at an estimated CAGR of 98.7% between 2017 and 2022.

The report covers the magnetic refrigeration market segmented based on application into domestic, commercial, transportation, and industrial. The report talks about the premium insights; different drivers, restraints, opportunities, and challenges that are likely to shape the magnetic refrigeration market along with the competitive landscape and company profiling of the top players. The players involved in the magnetic refrigeration market include Cool tech 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). This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for discount on this research at http://www.rnrmarketresearch.com/contacts/discount?rname=403098 .

Related Market Reports:

"Refrigerant Market by Type (Fluorocarbon, Inorganics, and Hydrocarbons), and by Application (Domestic, Commercial, Transportation, Industrial, Stationary Air Conditioning, Chillers, and Mobile Air Conditioning) - Global Trends & Forecasts to 2020” Companies profiled in this research report are Arkema S.A., Asahi Glass Co. Ltd., The Chemours Company, Daikin Industries Ltd., Honeywell International Inc., Airgas Inc., SRF Ltd., The Linde Group, Mexichem S.A.B. De C.V., Sinochem Group are discussed in this research available at http://www.rnrmarketresearch.com/refrigerant-market-hydro-chlorofluorocarbons-hcfc-hydro-fluorocarbon-hfc-hydrocarbon-hc-inorganic-ammonia-carbon-dioxide-trends-forecasts-to-2018-market-report.html .

"Cooling Towers Market by Type (Dry, Evaporative, Hybrid), by Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation), and Region - Trends & Forecast to 2020” Companies profiled in this research report are Baltimore Aircoil Company, Bell Cooling Towers, Brentwood Industries, GEA Group (Triton), Hamon & Cie International SA, Paharpur Cooling Towers Limited, SPIG S.p.A, SPX Corporation, Star Cooling Towers, Johnson Controls Inc. are discussed in this research available at http://www.rnrmarketresearch.com/cooling-towers-market-by-type-dry-evaporative-hybrid-by-application-chemical-petrochemical-and-oil-gas-hvacr-food-beverage-power-generation-and-region-trends-forecast-to-2020-market-report.html .

Explore more In Information Technology & Telecommunication Market research reports at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .

About Us:

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Ritesh Tiwari
@RnRMR
since: 06/2012
Follow >
RnR Market Research
Like >
Follow us on
Visit website