The Global Magnetic Refrigeration market is projected to grow at a CAGR of over 110%, in value terms, during 2019-2024. The magnetic refrigeration has characteristic such as lower cost, high product life cycle and light weight, such factors are anticipated to be the dominant drivers for the rapid growth of the magnetic refrigeration market. Furthermore, the magnetic refrigeration also has several advantages such as large temperature range, higher efficiency and environmental sustainability. 

Years considered for this report:

Historical Year : 2014-2017

Base Year : 2018

Estimated : 2019

Forecast : 2020-2024

Objective of the Study:

  • To analyze and forecast market size of the Global Magnetic Refrigeration market, in terms of value & volume                                          .
  • To define, classify and forecast the Global Magnetic Refrigeration market on the basis of product type, by end use and regional distribution.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global magnetic refrigeration market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global magnetic refrigeration market.
  • To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global magnetic refrigeration market.
  • To evaluate competitor pricing, average market selling prices and trends in the global magnetic refrigeration market.
  • To strategically profile the leading players, which are involved in the supply of magnetic refrigeration globally.


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Some of the major players operating in the Global Magnetic Refrigeration market are:

Cooltech Applications, Camfridge Ltd, Astronautics Corporation of America, Whirlpool Corporation, Qingdao Haier Co. Ltd., BASF SE, Eramet S.A., Samsung Electronics Co., Ltd., Toshiba Corporation, VACUUMSCHMELZE GMBH & CO. KG, Sigma-Aldrich Corporation etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of magnetic refrigeration manufacturers and suppliers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channel and regional presence of all major Magnetic Refrigeration suppliers across the globe.

TechSci Research calculated the market size for the global magnetic refrigeration market using a bottom-up approach, where manufacturers’ value data for different product types of (refrigerators, air Conditioning System & heat Pumps) magnetic refrigeration was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.


Key Target Audience:

  • Global magnetic refrigeration manufacturers
  • Global magnetic refrigeration suppliers 
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to magnetic refrigeration manufacturing
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Magnetic Refrigeration manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global Magnetic Refrigeration market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Product Type:
    • Global Magnetic Refrigeration Market          
      • Refrigerators
      • Air Conditioning System
      • Heat Pumps
  • Market, by End Use:
      • Domestic
      • Commercial
      • Transportation
      • Industrial
  • Market, by Geography:
    • North America

§  United States

§  Canada

§  Mexico

§  Rest of North America

    • Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Rest of Europe

    • Asia Pacific

§  China

§  Japan

§  South Korea

§  Australia

§  India

§  Rest of APAC

    • South America

§  Brazil

§  Argentina

§  Colombia

§  Rest of South America

    • MEA

§  Saudi Arabia

§  UAE

§  Iraq

§  South Africa

§  Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 20 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.

Company Profiles: Detailed analysis of the major companies present in the global Magnetic Refrigeration market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across the region.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.

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In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Global Magnetic Refrigeration Market Outlook 

4.1.     Market Size & Forecast

4.1.1.   By Value & Volume & Volume

4.2.     Market Share & Forecast

4.2.1.   By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

4.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

4.2.3.  By Region (North America, South America, Asia-Pacific, Europe and Middle East & Africa)

4.2.4.   By Company

4.3.     Market Attractiveness Index (By Product Type, By Components Type, By End Use& By Region)

5.       Asia-Pacific Magnetic Refrigeration Market Outlook

5.1.     Market Size & Forecast

5.1.1.   By Value & Volume

5.2.      Market Share & Forecast

5.2.1.  By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

5.2.3.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

5.2.3.1. China Magnetic Refrigeration Market Outlook

5.2.3.1.1. Market Size & Forecast

5.2.3.1.1.1. By Value & Volume

5.2.3.1.2. Market Share & Forecast

5.2.3.1.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.3.1.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

5.2.3.1.3. Market Size & Forecast

5.2.3.1.3.1. By Value & Volume

5.2.3.1.4. Market Share & Forecast

5.2.3.1.4.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.3.1.4.2. By End Use (Domestic, Commercial, Transportation & Industrial)

5.2.3.2. Japan Magnetic Refrigeration Market Outlook

5.2.3.2.1. Market Size & Forecast

5.2.3.2.1.1. By Value & Volume

5.2.3.2.2. Market Share & Forecast

5.2.3.2.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.3.2.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

5.2.3.3. Australia Magnetic Refrigeration Market Outlook

5.2.3.3.1. Market Size & Forecast

5.2.3.3.1.1. By Value & Volume

5.2.3.3.2. Market Share & Forecast

5.2.3.3.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.3.3.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

5.2.3.4. South Korea Magnetic Refrigeration Market Outlook

5.2.3.4.1. Market Size & Forecast

5.2.3.4.1.1. By Value & Volume

5.2.3.4.2. Market Share & Forecast

5.2.3.4.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

5.2.3.4.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

6.       North America Magnetic Refrigeration Market Outlook

6.1.     Market Size & Forecast

6.1.1.   By Value & Volume

6.2.      Market Share & Forecast

6.2.1.  By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

6.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

6.2.3.  By Country (United States, Canada, Mexico & Rest of North America)

6.2.3.1. United States Magnetic Refrigeration Market Outlook

6.2.3.1.1. Market Size & Forecast

6.2.3.1.1.1. By Value & Volume

6.2.3.1.2. Market Share & Forecast

6.2.3.1.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

6.2.3.1.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

6.2.3.2. Canada Magnetic Refrigeration Market Outlook

6.2.3.2.1. Market Size & Forecast

6.2.3.2.1.1. By Value & Volume

6.2.3.2.2. Market Share & Forecast

6.2.3.2.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

6.2.3.2.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

6.2.3.3. Mexico Magnetic Refrigeration Market Outlook

6.2.3.3.1. Market Size & Forecast

6.2.3.3.1.1. By Value & Volume

6.2.3.3.2. Market Share & Forecast

6.2.3.3.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

6.2.3.3.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

7.       South America Magnetic Refrigeration Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value & Volume

7.2.      Market Share & Forecast

7.2.1.  By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

7.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

7.2.3.  By Country (Brazil, Argentina, Colombia & Rest of South America)

7.2.3.1. Brazil Magnetic Refrigeration Market Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value & Volume

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

7.2.3.1.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

7.2.3.2. Argentina Magnetic Refrigeration Market Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value & Volume

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

7.2.3.2.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

7.2.3.3. Colombia Magnetic Refrigeration Market Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value & Volume

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

7.2.3.3.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

8.       Europe Magnetic Refrigeration Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value & Volume

8.2.      Market Share & Forecast

8.2.1.  By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

8.2.3.  By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

8.2.3.1. Germany Magnetic Refrigeration Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value & Volume

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.3.1.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

8.2.3.2. France Magnetic Refrigeration Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value & Volume

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.3.2.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

8.2.3.3. United Kingdom Magnetic Refrigeration Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value & Volume

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.3.3.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

8.2.3.4. Italy Magnetic Refrigeration Market Outlook

8.2.3.4.1. Market Size & Forecast

8.2.3.4.1.1. By Value & Volume

8.2.3.4.2. Market Share & Forecast

8.2.3.4.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.3.4.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

8.2.3.5. Spain Magnetic Refrigeration Market Outlook

8.2.3.5.1. Market Size & Forecast

8.2.3.5.1.1. By Value & Volume

8.2.3.5.2. Market Share & Forecast

8.2.3.5.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

8.2.3.5.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

9.       MEA Magnetic Refrigeration Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value & Volume

9.2.      Market Share & Forecast

9.2.1.  By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

9.2.2.  By End Use (Domestic, Commercial, Transportation & Industrial)

9.2.3.  By Country (Saudi Arabia, UAE, Iraq, South Africa & Rest of MEA)  

9.2.3.1. Saudi Arabia Magnetic Refrigeration Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value & Volume

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

9.2.3.1.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

9.2.3.2. UAE Magnetic Refrigeration Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value & Volume

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

9.2.3.2.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

9.2.3.3. Iraq Magnetic Refrigeration Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value & Volume

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

9.2.3.3.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

9.2.3.4. South Africa Magnetic Refrigeration Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value & Volume

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Product Type (Refrigerators, Air Conditioning System & Heat Pumps)

9.2.3.4.2.2. By End Use (Domestic, Commercial, Transportation & Industrial)

10.    Market Dynamics

10.1.   Drivers/Opportunities

10.2.   Challenges/Pitfalls

11.    Market Trends & Developments

12.    Competitive Landscape

12.1.      Company Profiles (Top 20 Companies)

13.    Strategic Recommendations

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