1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Primary interviews with experts 19
2.1.2.2 Key data from primary sources 19
2.2 DEMAND-SIDE ANALYSIS OF THE MAGNETIC REFRIGERATION MARKET 20
2.2.1 INTRODUCTION 20
2.2.2 DEMAND-SIDE ANALYSIS 20
2.2.3 GOVERNMENT REGULATIONS TO BAN HFC AND HCFC 20
2.2.4 ADVANTAGES OVER VAPOR COMPRESSION AND VAPOR ABSORPTION CYCLES TO DRIVE THE DEMAND FOR THE MAGNETIC REFRIGERATION TECHNOLOGY 21
2.2.5 LOWER ENERGY CONSUMPTION IS AN ADDED ADVANTAGE DELIVERED BY THE MAGNETIC REFRIGERATION TECHNOLOGY WHICH IS EXPECTED TO DRIVE ITS APPLICATION IN VARIOUS SECTORS 21
2.3 MARKET SIZE ESTIMATION 22
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4.1 SECONDARY AND PRIMARY DATA 26
2.4.1.1 Key industry insights 26
2.5 RESEARCH ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28
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4 PREMIUM INSIGHTS 32
4.1 MAGNETIC REFRIGERATION MARKET (2018–2023) 32
4.2 MAGNETIC REFRIGERATION MARKET, BY APPLICATION, (2018–2023) 33
4.3 MAGNETIC REFRIGERATION MARKET, BY APPLICATION AND GEOGRAPHY (2023) 34
4.4 MAGNETIC REFRIGERATION MARKET, BY GEOGRAPHY (2018–2023) 35
4.5 MAGNETIC REFRIGERATION MARKET, BY PRODUCT (2018–2023) 35

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 37
5.2 EVOLUTION 37
5.3 MARKET DYNAMICS 38
5.3.1 DRIVERS 39
5.3.1.1 Increasing focus on green technology 39
5.3.1.2 Low maintenance cost 39
5.3.1.3 High energy efficiency 40
5.3.2 RESTRAINTS 40
5.3.2.1 High initial investment 40
5.3.2.2 Limited field strength of permanent magnets 41
5.3.3 OPPORTUNITIES 41
5.3.3.1 Adoption of magnetic refrigeration in the transportation sector 41
5.3.3.2 High potential in the industrial sector 41
5.3.4 CHALLENGES 42
5.3.4.1 Need for suitable magnetocaloric materials 42
5.3.5 BURNING ISSUES 42
5.3.5.1 High precision required by moving machines 42
5.3.6 WINNING IMPERATIVES 43
5.3.6.1 Compact design for portable applications 43

6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN ANALYSIS 44
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 45
6.2.2 COMPONENT MANUFACTURING 45
6.2.3 TECHNOLOGY MANUFACTURING 45
6.2.4 SYSTEM INTEGRATION 45
6.2.5 DISTRIBUTION 45
6.2.6 POST-SALES SERVICES 45
6.3 REGULATIONS RELATED TO REFRIGERATION INDUSTRY 46
6.3.1 REGULATIONS AND STANDARDS RELATED TO REFRIGERATION 46
6.4 WORKING PRINCIPLE AND MATERIALS 47
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7 MAGNETIC REFRIGERATION MARKET, BY PRODUCT 48
7.1 INTRODUCTION 49
7.2 REFRIGERATION SYSTEMS 51
7.3 REFRIGERATORS 52
7.4 CABINET DISPLAYS 52
7.5 FREEZERS 52
7.6 BEVERAGE COOLERS 52
7.7 ICE CREAM CABINETS 52
7.8 AIR CONDITIONING SYSTEMS 55
7.9 STATIONARY AIR CONDITIONERS 56
7.10 MOBILE AIR CONDITIONERS 56
7.11 CHILLERS 56
7.12 HEAT PUMPS 58

8 MAGNETIC REFRIGERATION MARKET, BY APPLICATION 61
8.1 INTRODUCTION 62
8.2 DOMESTIC 64
8.3 COMMERCIAL 66
8.4 TRANSPORTATION 68
8.5 LOGISTICS 71
8.6 AUTOMOTIVE 73
8.7 AEROSPACE 75
8.8 MARINE 77
8.9 INDUSTRIAL 78
8.10 FOOD & BEVERAGE PROCESSING & STORAGE 81
8.11 HEALTHCARE 83

9 GEOGRAPHIC ANALYSIS 85
9.1 INTRODUCTION 86
9.2 NORTH AMERICA 88
9.2.1 US 88
9.2.2 CANADA 89
9.2.3 MEXICO 89
9.3 SOUTH AMERICA 94
9.3.1 BRAZIL 94
9.4 EUROPE 97
9.4.1 GERMANY 98
9.4.2 UK 98
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9.5 APAC 103
9.5.1 CHINA 103
9.5.2 INDIA 103
9.5.3 JAPAN 103
9.6 ROW 107

10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
10.2 MARKET RANKING ANALYSIS 112
10.3 MAGNETIC REFRIGERATION MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING 113
10.3.1 VISIONARY LEADERS 113
10.3.2 DYNAMIC DIFFERENTIATORS 113
10.3.3 INNOVATORS 113
10.3.4 EMERGING COMPANIES 113
10.4 BUSINESS STRATEGY 115
10.5 PRODUCT OFFERING 116
*Top 11 companies analyzed for this study are - Cooltech Applications (France), Camfridge Ltd. (UK), Astronautics Corporation of America (US), Whirlpool Corporation (US), Qingdao Haier Co.,Ltd (China), BASF SE (Gemany), Eramet S.A. (France), Samsung Electronics Co., Ltd (South Korea), Toshiba Cororation (Japan), VACUUMSCHMELZE GMBH & CO. KG (Germany), Sigma-Aldrich Corporation (US)
10.6 COMPETITIVE SITUATIONS AND TRENDS 117
10.7 SIGNIFICANT DEVELOPMENTS IN MAGNETIC REFRIGERATION MARKET 118

11 COMPANY PROFILES 120
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
11.1 INTRODUCTION 120
11.2 COOLTECH APPLICATIONS 121
11.3 CAMFRIDGE LTD 124
11.4 ASTRONAUTICS CORPORATION OF AMERICA 127
11.5 WHIRLPOOL CORPORATION 129
11.6 QINGDAO HAIER CO., LTD 132
11.7 BASF SE 135
11.8 ERAMET S.A. 138
11.9 SAMSUNG ELECTRONICS CO., LTD 141
11.10 TOSHIBA CORPORATION 143
11.11 VACUUMSCHMELZE GMBH & CO. KG 145
11.12 KEY INNOVATORS 147
11.12.1 SIGMA–ALDRICH CORPORATION 147
*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships might not be captured in case of unlisted companies.

12 APPENDIX 148
12.1 INSIGHTS FROM INDUSTRY EXPERTS 148
12.2 DISCUSSION GUIDE 149
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 151
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 153
12.5 AVAILABLE CUSTOMIZATION 155
12.6 RELATED REPORTS 155
12.7 AUTHOR DETAILS 156