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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
