Table of Content

1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 DEFINITION AND SCOPE 23
1.3 STUDY SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 GEOGRAPHIC SCOPE 24
1.4 INCLUSIONS AND EXCLUSIONS 25
1.5 YEARS CONSIDERED 25
1.6 CURRENCY 25
1.7 STAKEHOLDERS 26
1.8 SUMMARY OF CHANGES 26

2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 1 MAGNETIC REFRIGERATION MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Key data from secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Key industry insights 29
2.1.2.2 Breakdown of primaries 30
2.1.2.3 Key data from primary sources 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 2 RESEARCH FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 BOTTOM-UP APPROACH 31
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 31
2.2.2 TOP-DOWN APPROACH 32
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 3 SUPPLY SIZE ESTIMATION TO ARRIVE AT MARKET SIZE 33
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 4 DATA TRIANGULATION 34
2.4 RESEARCH ASSUMPTIONS 35
FIGURE 5 ASSUMPTIONS FOR RESEARCH STUDY 35

3 EXECUTIVE SUMMARY 36
FIGURE 6 REFRIGERATION SYSTEMS TO HOLD LARGEST MARKET SIZE
DURING FORECAST PERIOD 37
FIGURE 7 COMMERCIAL APPLICATION TO HOLD LARGEST MARKET SIZE FOR MAGNETIC REFRIGERATION DURING FORECAST PERIOD 38
FIGURE 8 MAGNETIC REFRIGERATION MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 39

4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES IN MAGNETIC REFRIGERATION MARKET 41
FIGURE 9 GOVERNMENT REGULATIONS IN VARIOUS COUNTRIES TO ADOPT GREEN TECHNOLOGY TO DRIVE MARKET GROWTH 41
4.2 MAGNETIC REFRIGERATION MARKET IN EUROPE, BY PRODUCT AND APPLICATION 42
FIGURE 10 REFRIGERATION SYSTEM AND COMMERCIAL APPLICATION SEGMENTS
TO HOLD LARGEST SHARES OF MAGNETIC REFRIGERATION MARKET IN EUROPE BY 2027 42
4.3 MAGNETIC REFRIGERATION MARKET, BY TYPE 42
FIGURE 11 BEVERAGE COOLERS TO HOLD LARGEST MARKET SIZE OF MAGNETIC REFRIGERATION SYSTEM 42
4.4 MAGNETIC REFRIGERATION MARKET, BY COUNTRY 43
FIGURE 12 MAGNETIC REFRIGERATION MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027 43

5 MARKET OVERVIEW 44
5.1 MARKET DYNAMICS 44
FIGURE 13 GROWING ADOPTION OF MAGNETIC REFRIGERATION TECHNOLOGY
DUE TO RISING FOCUS ON ENERGY EFFICIENT AND ENVIRONMENTALLY FRIENDLY PRODUCTS 44
FIGURE 14 MAGNETIC REFRIGERATION MARKET DRIVERS AND THEIR IMPACT 45
FIGURE 15 MAGNETIC REFRIGERATION MARKET RESTRAINTS AND THEIR IMPACT 45
FIGURE 16 MAGNETIC REFRIGERATION MARKET OPPORTUNITIES AND THEIR IMPACT 46
FIGURE 17 MAGNETIC REFRIGERATION MARKET CHALLENGES AND THEIR IMPACT 47
5.1.1 DRIVERS 47
5.1.1.1 Increasing government initiatives on green technology 47
5.1.1.2 Low maintenance costs 48
5.1.1.3 Compact design and high energy efficiency 48
FIGURE 18 DISTRIBUTION OF GLOBAL REFRIGERATION SECTOR’S
ELECTRICITY CONSUMPTION 49
5.1.2 RESTRAINTS 49
5.1.2.1 High initial investment 49
5.1.2.2 Limited field strength of permanent magnets 50
5.1.3 OPPORTUNITIES 50
5.1.3.1 Adoption of magnetic refrigeration in commercial sector 50
5.1.3.2 High potential in industrial sector 50
5.1.4 CHALLENGES 51
5.1.4.1 Need for suitable magnetocaloric materials 51
5.1.4.2 Lack of awareness of benefits of magnetic refrigeration 52
_
5.2 VALUE CHAIN ANALYSIS 52
5.3 GOVERNMENT REGULATIONS RELATED TO REFRIGERATION & AIR-CONDITIONING 53
5.4 TECHNOLOGY ANALYSIS 54
5.5 PATENT ANALYSIS 55
5.6 USE CASES FOR MAGNETIC REFRIGERATION 56
5.7 ASP ANALYSIS OF MAGNETIC REFRIGERATION SYSTEM 57
FIGURE 19 ASP ANALYSIS OF MAGNETIC REFRIGERATION SYSTEM 57
5.8 ECOSYSTEM FOR REFRIGERATION INDUSTRY 57
FIGURE 20 ECOSYSTEM FOR REFRIGERATION INDUSTRY 57

6 MAGNETIC REFRIGERATION MARKET, BY PRODUCT 58
6.1 INTRODUCTION 59
FIGURE 21 REFRIGERATION SYSTEM TO HOLD LARGEST MARKET SIZE OF MAGNETIC REFRIGERATION MARKET DURING FORECAST PERIOD 59
TABLE 1 MAGNETIC REFRIGERATION MARKET, BY PRODUCT,
2022–2027 (USD MILLION) 59
TABLE 2 MAGNETIC REFRIGERATION MARKET IN TERMS OF VOLUME,
2022–2027 (THOUSAND UNITS) 61
6.2 REFRIGERATION SYSTEM 61
FIGURE 22 BEVERAGE COOLERS TO DOMINATE MAGNETIC REFRIGERATION MARKET DURING FORECAST PERIOD 61
TABLE 3 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY TYPE, 2022–2027 (USD MILLION)) 62
FIGURE 23 COMMERCIAL APPLICATION TO HOLD LARGEST MARKET SIZE FOR MAGNETIC REFRIGERATION SYSTEMS DURING FORECAST PERIOD 62
TABLE 4 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM,
BY APPLICATION, 2022–2027 (USD MILLION) 63
TABLE 5 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM FOR TRANSPORTATION, BY APPLICATION, 2024–2027 (USD MILLION) 63
TABLE 6 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM FOR INDUSTRIAL, BY APPLICATION, 2023–2027 (USD MILLION) 63
FIGURE 24 EUROPE TO HOLD LARGEST MARKET SIZE FOR MAGNETIC REFRIGERATION SYSTEMS DURING FORECAST PERIOD 64
TABLE 7 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM,
BY REGION, 2022–2027 (USD MILLION) 64
6.2.1 BEVERAGE COOLERS 64
6.2.1.1 Compactness and energy efficiency to drive market growth 64
FIGURE 25 APAC TO GROW AT HIGHEST RATE FOR BEVERAGE COOLERS IN
MAGNETIC REFRIGERATION MARKET 65
TABLE 8 MAGNETIC REFRIGERATION MARKET FOR BEVERAGE COOLERS, BY REGION, 2022–2027 (USD MILLION) 65
6.2.2 CABINET DISPLAYS 65
6.2.2.1 Higher efficiency and greater reliability to propel market growth 65
TABLE 9 MAGNETIC REFRIGERATION MARKET FOR CABINET DISPLAYS, BY REGION, 2022–2027 (USD MILLION) 66
_
6.2.3 ICE CREAM CABINETS 66
6.2.3.1 Ice cream cabinets induced with magnetic cooling technology to have lower maintenance costs, leading to better ROI 66
TABLE 10 MAGNETIC REFRIGERATION MARKET FOR ICE CREAM CABINETS, BY REGION, 2022–2027 (USD MILLION) 66
6.2.4 FREEZERS 66
6.2.4.1 Rising government initiatives to phase out harmful refrigerants to drive market growth 66
TABLE 11 MAGNETIC REFRIGERATION MARKET FOR FREEZERS, BY REGION,
2023–2027 (USD MILLION) 67
6.2.5 REFRIGERATORS 67
6.2.5.1 Refrigerators to grow at highest CAGR 67
TABLE 12 MAGNETIC REFRIGERATION MARKET FOR REFRIGERATORS, BY REGION, 2023–2027 (USD MILLION) 67
6.3 AIR CONDITIONING SYSTEMS 68
FIGURE 26 STATIONARY AIR CONDITIONERS TO HOLD LARGEST SIZE OF MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING SYSTEMS 68
TABLE 13 MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING SYSTEM,
BY TYPE, 2023–2027 (USD MILLION) 68
FIGURE 27 COMMERCIAL APPLICATION TO HOLD LARGEST SIZE OF MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING SYSTEMS 69
TABLE 14 MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING SYSTEMS,
BY APPLICATION, 2023–2027 (USD THOUSAND) 69
TABLE 15 MAGNETIC REFRIGERATION FOR AIR CONDITIONING SYSTEM MARKET FOR TRANSPORTATION, BY APPLICATION, 2024–2027 (USD THOUSAND) 70
TABLE 16 MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING SYSTEM FOR INDUSTRIAL, BY APPLICATION, 2023–2027 (USD MILLION) 70
FIGURE 28 EUROPE TO HOLD LARGEST MARKET SIZE OF AIR CONDITIONING SYSTEMS DURING FORECAST PERIOD 70
TABLE 17 MAGNETIC REFRIGERATION MARKET FOR AIR-CONDITIONING SYSTEMS,
BY REGION, 2022–2027 (USD MILLION) 71
6.3.1 STATIONARY AIR CONDITIONERS 71
6.3.1.1 Stationary air conditioners to hold largest market size for air conditioning systems 71
TABLE 18 MAGNETIC REFRIGERATION MARKET FOR STATIONARY AIR CONDITIONING, BY REGION, 2023–2027 (USD MILLION) 71
6.3.2 MOBILE AIR CONDITIONERS 72
6.3.2.1 Mobile air conditioners’ compact design to drive market growth 72
FIGURE 29 EUROPE TO HOLD LARGEST MARKET SIZE OF MOBILE AIR CONDITIONING SYSTEMS DURING FORECAST PERIOD 72
TABLE 19 MAGNETIC REFRIGERATION MARKET FOR MOBILE AIR CONDITIONING,
BY REGION, 2024–2027 (USD THOUSAND) 73
6.3.3 CHILLERS 73
6.3.3.1 Chillers possess huge scope for industrial applications 73
TABLE 20 MAGNETIC REFRIGERATION MARKET FOR CHILLERS, BY REGION,
2024–2027 (USD MILLION) 73
6.4 IMPACT OF COVID-19 ON REFRIGERATION INDUSTRY 73
7 MAGNETIC REFRIGERATION MARKET, BY APPLICATION 75
7.1 INTRODUCTION 76
FIGURE 30 COMMERCIAL APPLICATION TO HOLD LARGEST MARKET SIZE FOR
MAGNETIC REFRIGERATION DURING FORECAST PERIOD 76
TABLE 21 MAGNETIC REFRIGERATION MARKET, BY APPLICATION,
2022–2027 (USD MILLION) 76
7.2 COMMERCIAL 77
7.2.1 COMMERCIAL APPLICATION TO HOLD HIGHEST MARKET SHARE 77
TABLE 22 COMMERCIAL APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2022–2027 (USD MILLION) 77
FIGURE 31 APAC TO GROW AT HIGHEST CAGR FOR COMMERCIAL APPLICATIONS OF MAGNETIC REFRIGERATION MARKET 78
TABLE 23 COMMERCIAL APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY REGION, 2022–2027 (USD MILLION) 78
TABLE 24 COMMERCIAL APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2022–2027 (USD MILLION) 78
TABLE 25 COMMERCIAL APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2023–2027 (USD MILLION) 79
7.3 INDUSTRIAL 79
FIGURE 32 FOOD & BEVERAGE FOR INDUSTRIAL APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 80
TABLE 26 INDUSTRIAL APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY APPLICATION, 2023–2027 (USD MILLION) 80
TABLE 27 INDUSTRIAL APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2023–2027 (USD MILLION) 80
FIGURE 33 EUROPE HOLDS HIGHEST MARKET SHARE FOR INDUSTRIAL APPLICATIONS OF MAGNETIC REFRIGERATION 81
TABLE 28 INDUSTRIAL APPLICATION: MAGNETIC REFRIGERATION MARKET, BY REGION, 2023–2027 (USD MILLION) 81
TABLE 29 INDUSTRIAL APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2023–2027 (USD MILLION) 81
TABLE 30 INDUSTRIAL APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2023–2027 (USD THOUSAND) 82
7.3.1 FOOD & BEVERAGE 82
7.3.1.1 Growing global market for processed food and increasing concerns to maintain their quality to drive market 82
TABLE 31 FOOD & BEVERAGE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2022–2027 (USD MILLION) 83
FIGURE 34 APAC TO GROW AT HIGHEST CAGR FOR MAGNETIC REFRIGERATION MARKET FOR FOOD & BEVERAGE DURING FORECAST PERIOD 83
TABLE 32 FOOD & BEVERAGE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY REGION, 2023–2027 (USD MILLION) 83
TABLE 33 FOOD & BEVERAGE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2023–2027 (USD MILLION) 84
TABLE 34 FOOD & BEVERAGE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING, BY REGION, 2023–2027 (USD THOUSAND) 84
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7.3.2 HEALTHCARE 84
7.3.2.1 Need to monitor and store critical pharmaceuticals to create need for advanced cooling solutions globally 84
TABLE 35 HEALTHCARE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2023–2027 (USD THOUSAND) 85
TABLE 36 HEALTHCARE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY REGION, 2023–2027 (USD THOUSAND) 85
TABLE 37 HEALTHCARE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2023–2027 (USD THOUSAND) 85
TABLE 38 HEALTHCARE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2023–2027 (USD THOUSAND) 86
7.4 TRANSPORTATION 86
FIGURE 35 LOGISTICS HOLDS HIGHEST MARKET SHARE FOR TRANSPORTATION APPLICATION OF MAGNETIC REFRIGERATION MARKET
DURING FORECAST PERIOD 87
TABLE 39 TRANSPORTATION APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY TYPE, 2024–2027 (USD THOUSAND) 87
TABLE 40 TRANSPORTATION APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2024–2027 (USD MILLION) 87
FIGURE 36 APAC TO GROW AT HIGHEST CAGR FOR TRANSPORTATION APPLICATION OF MAGNETIC REFRIGERATION MARKET 88
TABLE 41 TRANSPORTATION APPLICATION: MAGNETIC REFRIGERATION MARKET FOR TRANSPORTATION BY REGION, 2024–2027 (USD MILLION) 88
TABLE 42 TRANSPORTATION APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION, BY REGION, 2024–2027 (USD MILLION) 88
TABLE 43 TRANSPORTATION APPLICATION: MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING, BY REGION, 2024–2027 (USD MILLION) 89
7.4.1 LOGISTICS 89
7.4.1.1 Need for maintaining quality of commodity throughout
value chain drives market growth 89
TABLE 44 LOGISTICS APPLICATION: MAGNETIC REFRIGERATION MARKET, BY PRODUCT, 2024–2027 (USD MILLION) 90
FIGURE 37 EUROPE TO HOLD LARGEST MARKET SIZE FOR LOGISTICS IN LOGISTICS APPLICATION DURING FORECAST PERIOD 90
TABLE 45 LOGISTICS APPLICATION: MAGNETIC REFRIGERATION MARKET, BY REGION, 2024–2027 (USD MILLION) 90
TABLE 46 LOGISTICS APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2024–2027 (USD MILLION) 91
TABLE 47 LOGISTICS APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2024–2027 (USD THOUSAND) 91
7.4.2 AUTOMOTIVE 91
7.4.2.1 Reduced energy consumption trait of magnetic refrigeration technology to provide opportunity 91
TABLE 48 AUTOMOTIVE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2024–2027 (USD MILLION) 92
TABLE 49 AUTOMOTIVE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY REGION, 2024–2027 (USD MILLION) 92
TABLE 50 AUTOMOTIVE APPLICATION: MAGNETIC REFRIGERATION MARKET, FOR REFRIGERATION SYSTEM, BY REGION, 2024–2027 (USD THOUSAND) 92
TABLE 51 AUTOMOTIVE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2024–2027 (USD THOUSAND) 93
7.4.3 AEROSPACE 93
7.4.3.1 Lower consumption of energy by magnetic refrigeration systems helps lower overall operational & maintenance costs 93
TABLE 52 AEROSPACE APPLICATION: MAGNETIC REFRIGERATION MARKET,
BY PRODUCT, 2025–2027 (USD THOUSAND) 93
TABLE 53 AEROSPACE APPLICATION: MAGNETIC REFRIGERATION MARKET, BY REGION, 2025–2027 (USD THOUSAND) 94
TABLE 54 AEROSPACE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2025–2027 (USD THOUSAND) 94
TABLE 55 AEROSPACE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2025–2027 (USD THOUSAND) 94
7.4.4 MARINE 95
7.4.4.1 Marine application to be commercialized later than
other applications 95
TABLE 56 MARINE APPLICATION: MAGNETIC REFRIGERATION MARKET, BY PRODUCT, 2025–2027 (USD THOUSAND) 95
TABLE 57 MARINE APPLICATION: MAGNETIC REFRIGERATION MARKET, BY REGION, 2025–2027 (USD THOUSAND) 95
TABLE 58 MARINE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2025–2027 (USD THOUSAND) 96
TABLE 59 MARINE APPLICATION: MAGNETIC REFRIGERATION MARKET FOR AIR CONDITIONING, BY REGION, 2025–2027 (USD THOUSAND) 96
7.5 DOMESTIC 96
7.5.1 DEMAND FOR LOW POWER CONSUMPTION IN HOUSEHOLD
APPLIANCES TO DRIVE MARKET 96
TABLE 60 DOMESTIC APPLICATION: MAGNETIC REFRIGERATION MARKET, BY PRODUCT, 2023–2027 (USD MILLION) 97
TABLE 61 DOMESTIC APPLICATION: MAGNETIC REFRIGERATION MARKET, BY REGION, 2023–2027 (USD THOUSAND) 97
TABLE 62 DOMESTIC APPLICATION: MAGNETIC REFRIGERATION MARKET FOR REFRIGERATION SYSTEM, BY REGION, 2023–2027 (USD THOUSAND) 97
TABLE 63 DOMESTIC APPLICATION: MAGNETIC REFRIGERATION MARKET FOR
AIR CONDITIONING, BY REGION, 2023–2027 (USD THOUSAND) 98
7.6 IMPACT OF COVID-19 ON REFRIGERATION APPLICATIONS 98

8 MATERIALS USED FOR MAGNETIC REFRIGERATION 99
8.1 INTRODUCTION 99
8.2 GADOLINIUM 99
8.3 DYSPROSIUM ALLOYS 99
8.4 ERBIUM 99
8.5 OTHERS 100
_

9 MAGNETIC REFRIGERATION SYSTEM, BY TYPE 101
9.1 INTRODUCTION 101
9.2 RECIPROCATING TYPE 101
9.3 ROTARY TYPE 101

10 GEOGRAPHIC ANALYSIS 102
10.1 INTRODUCTION 103
FIGURE 38 EUROPE TO LEAD MAGNETIC REFRIGERATION MARKET
DURING FORECAST PERIOD 103
TABLE 64 MAGNETIC REFRIGERATION MARKET, BY REGION,
2022–2027 (USD MILLION) 103
10.2 NORTH AMERICA 104
FIGURE 39 NORTH AMERICA: MAGNETIC REFRIGERATION MARKET SNAPSHOT 105
FIGURE 40 US TO GROW AT HIGHEST CAGR FOR NORTH AMERICAN MAGNETIC REFRIGERATION DURING FORECAST PERIOD 105
TABLE 65 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 66 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA, BY PRODUCT, 2022–2027 (USD MILLION) 106
TABLE 67 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION) 106
TABLE 68 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR COMMERCIAL, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 69 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR DOMESTIC,
BY COUNTRY, 2023–2027 (USD THOUSAND) 107
TABLE 70 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY COUNTRY, 2023–2027 (USD MILLION) 107
TABLE 71 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR TRANSPORTATION, BY COUNTRY, 2024–2027 (USD THOUSAND) 107
TABLE 72 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR
INDUSTRIAL, BY APPLICATION, 2023–2027 (USD MILLION) 108
TABLE 73 MAGNETIC REFRIGERATION MARKET IN NORTH AMERICA FOR TRANSPORTATION, BY APPLICATION, 2024–2027 (USD MILLION) 108
10.2.1 US 108
10.2.1.1 Increasing demand for eradicating harmful refrigerants
to drive market 108
10.2.2 CANADA 109
10.2.2.1 Ongoing developments for commercial refrigeration industry to augment market growth 109
10.2.3 MEXICO 109
10.2.3.1 Rising demand for commercial and domestic refrigeration applications to propel demand for magnetic refrigeration 109
10.3 EUROPE 110
FIGURE 41 EUROPE: MAGNETIC REFRIGERATION MARKET SNAPSHOT 111
TABLE 74 MAGNETIC REFRIGERATION MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 111
TABLE 75 MAGNETIC REFRIGERATION MARKET IN EUROPE, BY PRODUCT,
2022–2027 (USD MILLION) 112
TABLE 76 MAGNETIC REFRIGERATION MARKET IN EUROPE, BY APPLICATION,
2022–2027 (USD MILLION) 112
TABLE 77 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR COMMERCIAL,
BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 78 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR DOMESTIC,
BY COUNTRY, 2023–2027 (USD THOUSAND) 113
TABLE 79 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR INDUSTRIAL,
BY COUNTRY, 2023–2027 (USD THOUSAND) 113
TABLE 80 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR TRANSPORTATION,
BY COUNTRY, 2024–2027 (USD THOUSAND) 113
TABLE 81 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR INDUSTRIAL,
BY APPLICATION, 2023–2027 (USD MILLION) 114
TABLE 82 MAGNETIC REFRIGERATION MARKET IN EUROPE FOR TRANSPORTATION,
BY APPLICATION, 2024–2027 (USD MILLION) 114
10.3.1 UK 114
10.3.1.1 Growing government initiatives to curb usage of harmful refrigerants to drive market 114
10.3.2 GERMANY 115
10.3.2.1 Germany to hold highest market share for magnetic refrigeration in Europe during forecast period 115
10.3.3 FRANCE 115
10.3.3.1 Increasing adoption of F-gas regulations to drive market growth 115
10.3.4 ITALY 116
10.3.4.1 Growing adoption of commercial refrigeration systems to
provide opportunity 116
10.3.5 REST OF EUROPE 116
10.4 APAC 116
FIGURE 42 APAC: MAGNETIC REFRIGERATION MARKET SNAPSHOT 117
FIGURE 43 CHINA TO HOLD LARGEST MARKET SHARE FOR MAGNETIC REFRIGERATION DURING FORECAST PERIOD 118
TABLE 83 MAGNETIC REFRIGERATION MARKET IN APAC, BY COUNTRY,
2022–2027 (USD THOUSAND) 118
TABLE 84 MAGNETIC REFRIGERATION MARKET IN APAC, BY APPLICATION,
2022–2027 (USD MILLION) 118
TABLE 85 MAGNETIC REFRIGERATION MARKET IN APAC FOR COMMERCIAL,
BY COUNTRY, 2022–2027 (USD THOUSAND) 119
TABLE 86 MAGNETIC REFRIGERATION MARKET IN APAC FOR DOMESTIC, BY COUNTRY, 2023–2027 (USD THOUSAND) 119
TABLE 87 MAGNETIC REFRIGERATION MARKET IN APAC FOR INDUSTRIAL, BY COUNTRY, 2023–2027 (USD THOUSAND) 119
TABLE 88 MAGNETIC REFRIGERATION MARKET IN APAC FOR TRANSPORTATION,
BY COUNTRY, 2024–2027 (USD THOUSAND) 120
TABLE 89 MAGNETIC REFRIGERATION MARKET IN APAC FOR INDUSTRIAL,
BY APPLICATION, 2023–2027 (USD MILLION) 120
TABLE 90 MAGNETIC REFRIGERATION MARKET IN APAC FOR TRANSPORTATION,
BY APPLICATION, 2024–2027 (USD MILLION) 120
10.4.1 CHINA 121
10.4.1.1 China to hold highest market share for magnetic
refrigeration in APAC 121
10.4.2 JAPAN 121
10.4.2.1 Active participation of government to reduce HCFC emission to
drive market growth 121
10.4.3 SOUTH KOREA 122
10.4.3.1 Increasing per capita income to drive market growth across commercial refrigeration, eventually propelling market growth across magnetic refrigeration applications 122
10.4.4 REST OF APAC 122
10.5 ROW 123
TABLE 91 MAGNETIC REFRIGERATION MARKET IN ROW, BY REGION,
2022–2027 (USD THOUSAND) 123
TABLE 92 MAGNETIC REFRIGERATION MARKET IN ROW, BY PRODUCT,
2022–2027 (USD MILLION) 123
TABLE 93 MAGNETIC REFRIGERATION MARKET IN ROW, BY APPLICATION,
2022–2027 (USD MILLION) 123
TABLE 94 MAGNETIC REFRIGERATION MARKET IN ROW FOR COMMERCIAL, BY REGION, 2022–2027 (USD THOUSAND) 124
TABLE 95 MAGNETIC REFRIGERATION MARKET IN ROW FOR DOMESTIC, BY REGION, 2023–2027 (USD THOUSAND) 124
TABLE 96 MAGNETIC REFRIGERATION MARKET IN ROW FOR INDUSTRIAL, BY REGION, 2023–2027 (USD THOUSAND) 124
TABLE 97 MAGNETIC REFRIGERATION MARKET IN ROW FOR TRANSPORTATION,
BY REGION, 2024–2027 (USD THOUSAND) 124
TABLE 98 MAGNETIC REFRIGERATION MARKET IN ROW FOR INDUSTRIAL,
BY APPLICATION, 2023–2027 (USD THOUSAND) 125
TABLE 99 MAGNETIC REFRIGERATION MARKET IN ROW FOR TRANSPORTATION,
BY APPLICATION, 2024–2027 (USD THOUSAND) 125
10.5.1 SOUTH AMERICA 125
10.5.1.1 Brazil to provide significant opportunities 125
10.5.2 MIDDLE EAST & AFRICA 125
10.5.2.1 Rising demand for energy-efficient solutions to drive growth of magnetic refrigeration 125
10.5.3 IMPACT OF COVID-19 126

11 COMPETITIVE LANDSCAPE 128
11.1 OVERVIEW 128
11.2 MARKET RANKING ANALYSIS, 2022 128
FIGURE 44 GLOBAL MAGNETIC REFRIGERATION MARKET RANKING ANALYSIS, 2022 128
11.3 COMPANY EVALUATION MATRIX 129
11.3.1 STAR 129
11.3.2 EMERGING LEADER 129
11.3.3 PERVASIVE 130
11.3.4 PARTICIPANT 130
FIGURE 45 MAGNETIC REFRIGERATION MARKET (GLOBAL) COMPANY
EVALUATION MATRIX, 2022 130
11.4 PRODUCT & BUSINESS FOOTPRINT ANALYSIS OF TOP PLAYERS 131
FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MAGNETIC REFRIGERATION MARKET 131
11.5 KEY MARKET DEVELOPMENTS 132
11.5.1 PRODUCT PROTOTYPE LAUNCHES & DEVELOPMENTS 132
TABLE 100 PRODUCT LAUNCHES & DEVELOPMENTS, 2016–2020 132
11.5.2 PARTNERSHIPS & COLLABORATIONS 133
TABLE 101 PARTNERSHIPS & COLLABORATIONS, 2016–2020 133
11.5.3 ACQUISITIONS 133
TABLE 102 ACQUISITIONS, 2016 133

12 COMPANY PROFILES 134
12.1 INTRODUCTION 134
12.2 KEY PLAYERS 134
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2.1 UBIBLUE 134
12.2.2 HAIER SMART HOME CO., LTD 137
FIGURE 47 HAIER SMART HOME CO., LTD: COMPANY SNAPSHOT 138
12.2.3 CAMFRIDGE LTD 141
12.2.4 ASTRONAUTICS CORPORATION OF AMERICA 145
12.2.5 VACUUMSCHMELZE GMBH & CO. KG 147
12.2.6 BASF SE 151
FIGURE 48 BASF SE: COMPANY SNAPSHOT 152
12.2.7 ERAMET 154
FIGURE 49 ERAMET S.A.: COMPANY SNAPSHOT 154
12.2.8 SAMSUNG ELECTRONICS CO., LTD 156
FIGURE 50 SAMSUNG ELECTRONICS CO., LTD: COMPANY SNAPSHOT 157
12.2.9 TOSHIBA CORPORATION 159
FIGURE 51 TOSHIBA CORPORATION: COMPANY SNAPSHOT 160
12.2.10 WHIRLPOOL CORPORATION 162
FIGURE 52 WHIRLPOOL CORPORATION: COMPANY SNAPSHOT 163
*Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12.3 RIGHT TO WIN 165
12.4 OTHER KEY PLAYERS 166
12.4.1 CCS SA 166
12.4.2 CEMAFROID 167
12.4.3 GENERAL ENGINEERING & RESEARCH 168
12.4.4 KIRSCH 168
12.4.5 KIUTRA 169
12.4.6 MAGNOTHERM SOLUTIONS 170
12.4.7 MILLIPORE SIGMA 171
12.4.8 TCS MICROPUMPS LTD 172
12.4.9 VCU INNOVATION GATEWAY 173
13 APPENDIX 174
13.1 DISCUSSION GUIDE 174
13.3 AVAILABLE CUSTOMIZATIONS 179
13.4 RELATED REPORTS 179
13.5 AUTHOR DETAILS 180