Global Magnetic Refrigeration Market (2020 to 2025) - High Potential in Industrial Sector Presents Opportunities - ResearchAndMarkets.com
High initial investment and limited field strength of permanent magnets are expected to restrain the growth of the magnetic refrigeration market.
- High initial investment and limited field strength of permanent magnets are expected to restrain the growth of the magnetic refrigeration market.
- Moreover, the need for suitable magnetocaloric materials and a lack of awareness of the benefits of magnetic refrigeration technology acts as challenges to market growth.
- Refrigeration System: The largest shareholder of the product segment of the magnetic refrigeration market.
- Europe is expected to be the largest market for magnetic refrigeration technology due to the increased awareness about global warming and ozone-depleting refrigerants.