Permanent Magnet Market Size was valued at USD 22.56 billion in 2023. It is projected to reach USD 43.48 billion by 2031 and grow at a CAGR of 8.5% over the forecast period 2024-2031. The permanent magnet market is experiencing robust growth due to the increasing demand for energy-efficient technologies and renewable energy sources. Permanent magnets, made from materials such as...
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