Magnetic Refrigeration Market was valued at USD 9.5 million in 2019 and is expected to grow at a CAGR of 103.8 % from 2022 to 2027

Magnetic refrigeration depends on the rule of Magneto caloric Effect (MCE). The magneto caloric impact is where Magneto caloric materials get warmed up when they are submerged in the Magnetic field and chill off when eliminated from it, immediately. Magnetic refrigeration is more secure, reduced, and calmer and it is higher cooling productive when contrasted with conventional gas pressure refrigeration. A progression of the polarization demagnetization cycles to the magneto caloric amalgams is applied in an attractive refrigeration framework. Magnetic refrigeration innovation is utilized for cooling reasons, which depends on magneto caloric impact. The innovation is regularly utilized in coolers to accomplish extraordinarily low temperatures. Typically, hydrofluorocarbons are utilized in the customary refrigeration framework.

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Some of the Top Companies Profiled in this Market Includes:

Major players in the global magnetic refrigeration market are Samsung Electronics Co., Ltd., Whirlpool Corp., Astronautics Corporation America, Camfridge Ltd., Qingdao Haier Co., Ltd., Eramet S.A., and Toshiba Corporation, Ubiblue, Haier Smart Home Co., Ltd, BASF SE, among others.

Various factors are responsible for the market’s growth trajectory, which are studied at length in the GE Appliances, a Haier organization, and the Office of Energy and Renewable Energy (US) teamed up on an undertaking to effectively tackle the Magneto Caloric Effect (MCE) at the Oak Ridge National Laboratory (US). The venture was started in June 2017 and intended to wrap up by June 2020, with the result of accomplishing cooling through MCE. MCE can diminish energy utilization by 20–30% past fume pressure while likewise disposing of any danger of direct refrigerant emanations to the environment. In October 2019, Camfridge Ltd took an interest in a roadshow at the Zhejiang Province (China) to show its attractive cooling innovation. The function was gone to by a profoundly qualified public made out of Chinese authorities, financial specialists, organizations, business visionaries, and specialists.

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Table of Contents

Global Magnetic Refrigeration Market Research Report 2022 – 2029

Chapter 1 Magnetic Refrigeration Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Magnetic Refrigeration Market Forecast

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Magnetic Refrigeration Market Will Grow at a Cagr 103.8 % by 2027