DUBLIN, Jan. 22, 2020 /PRNewswire/ -- The "Magnetic Refrigeration - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Magnetic Refrigeration market worldwide is projected to grow by US$61.6 Billion, driven by a compounded growth of 105%. Refrigeration Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 108.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$26.6 Billion by the year 2025, Refrigeration Systems will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 116.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$2.7 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Refrigeration Systems will reach a market size of US$1.7 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 99.4% over the next couple of years and add approximately US$9.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- Astronautics Corporation of America
- BASF SE
- Camfridge Ltd.
- Cooltech Applications SAS
- Eramet Group
- Qingdao Haier Co., Ltd.
- Samsung Electronics Co., Ltd.
- Toshiba Corporation
- Vacuumschmelze GmbH & Co. KG
- Whirlpool Corporation
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/6rk3bs
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