磁気冷凍の2030年までの市場予測：製品タイプ、材料、エンドユーザー、地域別の世界分析

Stratistics MRCによると、世界の磁気冷凍市場は2024年に3億2,426万米ドルを占め、2030年には232億3,366万米ドルに達すると予測され、予測期間中のCAGRは103.8%です。

磁気冷凍は磁気熱量効果（MCE）に依存する有望な冷却技術であり、ある種の材料は磁場にさらされると発熱し、磁場を取り除くと冷却されます。この現象は、磁性を持つ材料、典型的には希土類金属やその合金で起こる。実用的には、磁気冷凍システムは、変化する磁場の中に置かれた磁気熱伝導性材料で構成されます。材料が磁場に入ると磁気モーメントが揃い、周囲から熱エネルギーを吸収して発熱します。

日本冷凍空調工業会によると、世界のエアコン需要は2013年の1億436万7,000台から2018年には11万971台に増加しており、インド、ベトナム、フィリピン、バングラデシュ、インドネシア、オーストラリア、ニュージーランドなどのアジア・海洋新興国が主要な促進要因となっています。

冷却ソリューションへの需要の高まり

従来の蒸気圧縮式冷凍システムとは異なり、磁気冷凍は磁気熱量効果に依存して冷却を実現するため、エネルギー効率が高く環境に優しいです。産業界も消費者も、より環境に優しい選択肢を求める中、磁気冷凍は温室効果ガスの排出とエネルギー消費を削減することで、説得力のあるソリューションを提供します。この技術は、効率的な冷却が操業に不可欠な冷凍や空調などの分野で特に有望です。さらに、磁性材料とエンジニアリングの進歩により、磁気冷凍システムの性能と拡張性がさらに向上し、さまざまな産業への応用が広がっています。

高いイニシャルコスト

磁気冷凍は、磁場を変化させることで温度変化を引き起こす磁気熱量効果の原理で作動します。これらのコストは、磁気誘導素子に必要な特殊な材料、実用的な冷却能力を達成するために必要な複雑なエンジニアリング、研究開発投資を必要とする比較的新しい技術に起因します。しかし、これらの部品の製造工程はまだ大量生産に最適化されていないため、コストはさらに膨らんでいます。

磁気冷凍の商業産業への採用

商業産業で磁気冷凍の採用が増加していることが、磁気冷凍市場を大きく押し上げています。磁気熱量効果に頼って冷却を行うこの技術は、従来の冷凍方法と比較していくつかの利点があります。フロンやHCFCのような有害な冷媒を必要としないため、エネルギー効率が高いことで知られ、環境への影響を低減し、厳しい規制に準拠しています。さらに、磁気式冷凍システムは、従来のコンプレッサーやポンプに比べて静かでコンパクトであり、メンテナンスも少なくて済みます。

標準化の欠如

確立された規格の恩恵を受ける従来の冷凍技術とは異なり、磁気冷凍システムは、設計、使用される磁性材料、冷却能力、および効率測定基準が大きく異なります。この統一性の欠如が、磁気冷凍ソリューションの拡張性、相互運用性、信頼性を複雑にしています。メーカーは、一貫した性能ベンチマークを達成し、さまざまなサプライヤーから調達した異なるシステムコンポーネント間の互換性を確保する上で課題に遭遇します。さらに、標準化された試験プロトコルと認証手順がないことが、市場導入と規制当局の受け入れを妨げています。

COVID-19の影響：

エネルギー効率と環境に優しい技術により、当初は成長態勢にあったが、主に世界の製造とサプライチェーンの混乱により、市場は後退に直面しました。封鎖措置や移動の制限は、ヘルスケア、飲食品、産業用途などの分野における磁気冷凍システムの展開を妨げました。しかし、研究開発への投資の減少やプロジェクトの遅れが、パンデミック期の市場拡大をさらに停滞させました。しかし、世界経済が回復に向かい、環境規制が引き続き強化されるにつれて、磁気冷凍のような持続可能な冷却ソリューションへの関心が再び高まっています。

予測期間中、製氷機械部門が最大となる見込み

製氷機械セグメントは予測期間中最大となる見込み。磁気冷凍は、磁場を使って物質（典型的には冷媒）の温度をその磁気特性を操作することで制御するという原理で作動します。このため、従来のコンプレッサー式冷凍システムに依存していた従来の製氷機械が変革されつつあります。磁気冷凍を採用することで、これらの機械はより高いエネルギー効率を達成し、環境に優しい冷媒を使用することで環境への影響を低減し、長期的には運転コストを削減できる可能性があります。

予測期間中、ゲルマニウムセグメントのCAGRが最も高くなると予想される

ゲルマニウムセグメントは予測期間中、CAGRが最も高くなると予想されます。ゲルマニウム・セグメントは、一般的に合金または化合物の形で、このプロセスの温度変化を操作するのに適した特異的な磁気特性のために選択されます。ゲルマニウムを磁気冷凍システムに加えることで、関係する材料の磁気特性を微調整し、より高い冷却効率を達成することができます。この要素は、熱伝達能力を向上させ、システムが効果的に作動できる温度範囲を広げることにより、冷凍サイクルの全体的な性能を高める。

最大のシェアを占める地域

推定期間中、欧州地域が最大のシェアを占めています。政府の規制は、持続可能でエネルギー効率の高いソリューションを促進するよう設計されており、温室効果ガス排出の削減やクリーン技術の促進など、より広範な環境目標に合致しています。磁気冷凍の研究開発にインセンティブを与えることで、政府は技術革新を刺激し、この地域での産業導入を支援する環境を作り出しています。さらに、規制の枠組みはインフラや製造能力への投資を促し、磁気冷凍技術の競争市場を育成します。

CAGRが最も高い地域：

研究機関、業界リーダー、政府機関など、さまざまな利害関係者の専門知識とリソースを結集することで、これらの提携は技術革新を促進し、効率的な冷却ソリューションの開発を加速します。協力的な取り組みにより、知識とベストプラクティスの交換が可能になり、材料科学、工学設計、磁気冷凍に特化した商業化戦略におけるブレークスルーが促進されます。さらに、パートナーシップは、これらの持続可能な冷却技術の生産と展開を拡大するために必要な強固なサプライチェーンとインフラの確立を可能にします。

無料のカスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 製品分析
• エンドユーザー分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の磁気冷凍市場：製品タイプ別

• エアコン設備
• 製氷機械
• ヒートポンプ
• 冷凍システム
• その他の製品タイプ

第6章 世界の磁気冷凍市場：材料別

• エルビウム
• ガドリニウムとジスプロシウムの合金
• ゲルマニウム
• その他の材料

第7章 世界の磁気冷凍市場：エンドユーザー別

• 商業
• 自動車および輸送
• 飲食品
• ヘルスケア
• その他のエンドユーザー

第8章 世界の磁気冷凍市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第9章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイリング

• BASF SE
• Biomagnetic Solutions Inc
• Camfridge Ltd
• Hitachi Ltd
• LG Electronics
• Robert Bosch GmbH
• Siemens AG
• Sumitomo Heavy Industries Ltd
• Toshiba Corporation
• Whirlpool Corporation

List of Tables

• Table 1 Global Magnetic Refrigeration Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 3 Global Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 4 Global Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 5 Global Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 6 Global Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 7 Global Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 8 Global Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 9 Global Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 10 Global Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 11 Global Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 12 Global Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 13 Global Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 14 Global Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 15 Global Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 16 Global Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 17 Global Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 18 Global Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 19 North America Magnetic Refrigeration Market Outlook, By Country (2022-2030) ($MN)
• Table 20 North America Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 21 North America Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 22 North America Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 23 North America Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 24 North America Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 25 North America Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 26 North America Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 27 North America Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 28 North America Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 29 North America Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 30 North America Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 31 North America Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 32 North America Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 33 North America Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 34 North America Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 35 North America Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 36 North America Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 37 Europe Magnetic Refrigeration Market Outlook, By Country (2022-2030) ($MN)
• Table 38 Europe Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 39 Europe Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 40 Europe Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 41 Europe Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 42 Europe Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 43 Europe Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 44 Europe Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 45 Europe Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 46 Europe Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 47 Europe Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 48 Europe Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 49 Europe Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 50 Europe Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 51 Europe Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 52 Europe Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 53 Europe Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 54 Europe Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 55 Asia Pacific Magnetic Refrigeration Market Outlook, By Country (2022-2030) ($MN)
• Table 56 Asia Pacific Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 57 Asia Pacific Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 58 Asia Pacific Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 59 Asia Pacific Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 60 Asia Pacific Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 61 Asia Pacific Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 62 Asia Pacific Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 63 Asia Pacific Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 64 Asia Pacific Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 65 Asia Pacific Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 66 Asia Pacific Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 67 Asia Pacific Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 68 Asia Pacific Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 69 Asia Pacific Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 70 Asia Pacific Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 71 Asia Pacific Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 72 Asia Pacific Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 73 South America Magnetic Refrigeration Market Outlook, By Country (2022-2030) ($MN)
• Table 74 South America Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 75 South America Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 76 South America Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 77 South America Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 78 South America Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 79 South America Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 80 South America Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 81 South America Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 82 South America Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 83 South America Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 84 South America Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 85 South America Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 86 South America Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 87 South America Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 88 South America Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 89 South America Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 90 South America Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 91 Middle East & Africa Magnetic Refrigeration Market Outlook, By Country (2022-2030) ($MN)
• Table 92 Middle East & Africa Magnetic Refrigeration Market Outlook, By Product Type (2022-2030) ($MN)
• Table 93 Middle East & Africa Magnetic Refrigeration Market Outlook, By Air-conditioning System (2022-2030) ($MN)
• Table 94 Middle East & Africa Magnetic Refrigeration Market Outlook, By Ice Making Machinery (2022-2030) ($MN)
• Table 95 Middle East & Africa Magnetic Refrigeration Market Outlook, By Heat Pumps (2022-2030) ($MN)
• Table 96 Middle East & Africa Magnetic Refrigeration Market Outlook, By Refrigeration Systems (2022-2030) ($MN)
• Table 97 Middle East & Africa Magnetic Refrigeration Market Outlook, By Other Product Types (2022-2030) ($MN)
• Table 98 Middle East & Africa Magnetic Refrigeration Market Outlook, By Material (2022-2030) ($MN)
• Table 99 Middle East & Africa Magnetic Refrigeration Market Outlook, By Erbium (2022-2030) ($MN)
• Table 100 Middle East & Africa Magnetic Refrigeration Market Outlook, By Gadolinium and Dysprosium Alloys (2022-2030) ($MN)
• Table 101 Middle East & Africa Magnetic Refrigeration Market Outlook, By Germanium (2022-2030) ($MN)
• Table 102 Middle East & Africa Magnetic Refrigeration Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 103 Middle East & Africa Magnetic Refrigeration Market Outlook, By End User (2022-2030) ($MN)
• Table 104 Middle East & Africa Magnetic Refrigeration Market Outlook, By Commercial (2022-2030) ($MN)
• Table 105 Middle East & Africa Magnetic Refrigeration Market Outlook, By Automotive And Transportation (2022-2030) ($MN)
• Table 106 Middle East & Africa Magnetic Refrigeration Market Outlook, By Food And Beverages (2022-2030) ($MN)
• Table 107 Middle East & Africa Magnetic Refrigeration Market Outlook, By Healthcare (2022-2030) ($MN)
• Table 108 Middle East & Africa Magnetic Refrigeration Market Outlook, By Other End Users (2022-2030) ($MN)

According to Stratistics MRC, the Global Magnetic Refrigeration Market is accounted for $324.26 million in 2024 and is expected to reach $23,233.66 million by 2030 growing at a CAGR of 103.8% during the forecast period. Magnetic refrigeration is a promising cooling technology that relies on the magnetocaloric effect (MCE), where certain materials heat up when exposed to a magnetic field and cool down when the field is removed. This phenomenon occurs in materials with magnetic properties, typically rare-earth metals or their alloys. In practical terms, a magnetic refrigeration system consists of a magnetocaloric material placed in a changing magnetic field. When the material enters the magnetic field, its magnetic moments align, causing it to heat up as it absorbs thermal energy from its surroundings.

According to the Japan Refrigeration and Air Conditioning Industry Association, the global air conditioner demand has increased from 104,367 thousand units in 2013 to 110,971 units in 2018, with emerging Asian and oceanic countries like India, Vietnam, Philippines, Bangladesh, Indonesia, Australia, and New Zealand being the prime growth drivers.

Market Dynamics:

Driver:

Increasing demand for cooling solutions

Unlike traditional vapor compression refrigeration systems, magnetic refrigeration relies on the magnetocaloric effect to achieve cooling, making it more energy-efficient and environmentally friendly. As industries and consumers alike seek greener alternatives, magnetic refrigeration offers a compelling solution by reducing greenhouse gas emissions and energy consumption. The technology is particularly promising in sectors such as refrigeration and air conditioning, where efficient cooling is crucial for operations. Additionally, advancements in magnetic materials and engineering are further enhancing the performance and scalability of magnetic refrigeration systems, widening their application across various industries.

Restraint:

High initial cost

Magnetic refrigeration operates on the principle of magnetocaloric effect, where temperature changes are induced by varying a magnetic field. These costs stem from specialized materials required for magnetocaloric devices, intricate engineering needed to achieve practical cooling capacities, and the relative novelty of the technology requiring research and development investments. However, manufacturing processes for these components are not yet optimized for mass production, further inflating costs.

Opportunity:

Commercial industry adoption of magnetic refrigeration

The increasing adoption of magnetic refrigeration in commercial industries is significantly boosting the Magnetic Refrigeration Market. This technology, which relies on the magnetocaloric effect to achieve cooling, offers several advantages over traditional refrigeration methods. It is known for its energy efficiency, as it does not require harmful refrigerants like CFCs or HCFCs, thereby reducing environmental impact and complying with stringent regulations. Moreover, magnetic refrigeration systems are quieter, more compact, and require less maintenance compared to conventional compressors and pumps.

Threat:

Lack of standardization

Unlike traditional refrigeration technologies that benefit from established standards, magnetic refrigeration systems vary widely in design, magnetic materials used, cooling capacities, and efficiency metrics. This lack of uniformity complicates the scalability, interoperability, and reliability of magnetic refrigeration solutions. Manufacturers encounter challenges in achieving consistent performance benchmarks and ensuring compatibility between different system components sourced from various suppliers. Moreover, the absence of standardized testing protocols and certification procedures hinders market adoption and regulatory acceptance.

Covid-19 Impact:

Initially poised for growth due to its energy efficiency and environmentally friendly technology, the market faced setbacks primarily due to disruptions in manufacturing and supply chains worldwide. Lockdown measures and restricted mobility hindered the deployment of magnetic refrigeration systems in sectors such as healthcare, food and beverage, and industrial applications. However, reduced investments in R&D and delayed projects further stalled market expansion during the pandemic period. However, as the global economy begins to recover and environmental regulations continue to tighten, there is renewed interest in sustainable cooling solutions like magnetic refrigeration.

The Ice Making Machinery segment is expected to be the largest during the forecast period

Ice Making Machinery segment is expected to be the largest during the forecast period. Magnetic Refrigeration operates on the principle of using a magnetic field to control the temperature of a material, typically a refrigerant, by manipulating its magnetic properties. In this context, traditional ice making machinery, which relies on conventional compressor-based refrigeration systems, is being transformed. By adopting Magnetic Refrigeration, these machines can achieve higher energy efficiency, reduced environmental impact through the use of environmentally friendly refrigerants, and potentially lower operating costs over time.

The Germanium segment is expected to have the highest CAGR during the forecast period

Germanium segment is expected to have the highest CAGR during the forecast period. Germanium segments, typically in the form of alloys or compounds, are chosen for their specific magnetic properties that make them suitable for manipulating temperature changes in this process. The addition of germanium to magnetic refrigeration systems helps in achieving higher cooling efficiencies by fine-tuning the magnetic characteristics of the materials involved. This element enhances the overall performance of the refrigeration cycle by improving heat transfer capabilities and increasing the range of temperatures over which the system can effectively operate.

Region with largest share:

Europe region dominated the largest share over the extrapolated period. Government regulations are designed to promote sustainable and energy-efficient solutions, aligning with broader environmental goals such as reducing greenhouse gas emissions and promoting clean technologies across the region. By incentivizing research and development in magnetic refrigeration, governments stimulate innovation and create a supportive environment for industrial adoption in the region. Moreover, regulatory frameworks encourage investment in infrastructure and manufacturing capabilities, fostering a competitive market for magnetic refrigeration technologies.

Region with highest CAGR:

By pooling expertise and resources from various stakeholders such as research institutions, industry leaders, and governmental bodies, these alliances foster innovation and accelerate the development of efficient cooling solutions, Asia Pacific region is poised to hold profitable growth during the projection period. Collaborative efforts allow for the exchange of knowledge and best practices, facilitating breakthroughs in materials science, engineering design, and commercialization strategies specific to Magnetic Refrigeration. Moreover, partnerships enable the establishment of robust supply chains and infrastructure necessary for scaling up production and deployment of these sustainable cooling technologies.

Key players in the market

Some of the key players in Magnetic Refrigeration market include BASF SE, Biomagnetic Solutions Inc, Camfridge Ltd, Hitachi Ltd, LG Electronics, Robert Bosch GmbH, Siemens AG, Sumitomo Heavy Industries Ltd, Toshiba Corporation and Whirlpool Corporation.

Key Developments:

In June 2024, Hitachi and Microsoft enter milestone agreement to accelerate business and social innovation with generative AI. Hitachi will train more than 50,000 "GenAI Professionals" on advanced AI skills. As part of the partnership, Hitachi will incorporate training provided by Microsoft into Hitachi's training.

In May 2024, LG Electronics introduces new AI TVs in the Indian market which will be available at a starting price of Rs 62,990. The TVs will be available from 43-inch to 97-inch featuring LG OLED evo AI and LG QNED AI TVs which will include the LG OLED 97G4.

Product Types Covered:

• Air-conditioning System
• Ice Making Machinery
• Heat Pumps
• Refrigeration Systems
• Other Product Types

Materials Covered:

• Erbium
• Gadolinium and Dysprosium Alloys
• Germanium
• Other Materials

End Users Covered:

• Commercial
• Automotive and Transportation
• Food and Beverages
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Magnetic Refrigeration Market, By Product Type

• 5.1 Introduction
• 5.2 Air-conditioning System
• 5.3 Ice Making Machinery
• 5.4 Heat Pumps
• 5.5 Refrigeration Systems
• 5.6 Other Product Types

6 Global Magnetic Refrigeration Market, By Material

• 6.1 Introduction
• 6.2 Erbium
• 6.3 Gadolinium and Dysprosium Alloys
• 6.4 Germanium
• 6.5 Other Materials

7 Global Magnetic Refrigeration Market, By End User

• 7.1 Introduction
• 7.2 Commercial
• 7.3 Automotive And Transportation
• 7.4 Food And Beverages
• 7.5 Healthcare
• 7.6 Other End Users

8 Global Magnetic Refrigeration Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Biomagnetic Solutions Inc
• 10.3 Camfridge Ltd
• 10.4 Hitachi Ltd
• 10.5 LG Electronics
• 10.6 Robert Bosch GmbH
• 10.7 Siemens AG
• 10.8 Sumitomo Heavy Industries Ltd
• 10.9 Toshiba Corporation
• 10.10 Whirlpool Corporation