Demagnetizers Market

Demagnetizers Market Outlook (2022-2032)

The global demagnetizers market is predicted to rise to a valuation of US$ 1.12 billion by the end of 2032, up from its current size of US$ 673.2 million, expanding a CAGR of 5.2% over the same ten years.

Demagnetizers are typically used in consumer electronics to demagnetize electronic products and are also commercially used in automotive and industrial manufacturing industries on a wide scale, which is augmenting market expansion.

Report Attributes	Details
Demagnetizers Market Size (2021A)	US$ 644.7 Million
Estimated Market Value (2022E)	US$ 673.2 Million
Forecasted Market Value (2032F)	US$ 1.12 Billion
Global Market Growth Rate (2022-2032)	5.2% CAGR
North America Market Share (2021)	~21.5%
North America Market Growth Rate (2022-2032)	~4.2% CAGR
United States Market Growth Rate (2022-2032)	~4.1% CAGR
Key Companies Profiled	Bussi Demagnetizing Systems Walmag Kanetec USA EWM AG Monroe Afag Magnetool Inc Industrial Magnetics Inc

Demagnetizer Consumption Analysis (2017-2021) in Comparison to Market Forecasts (2022-2032)

Demagnetization is needed to remove the magnetic fields in material and helps minimize the impact of magnetic stray fields on sensors and instruments. It is generally not possible to reduce a magnetic field completely to zero. Demagnetizers are also used to completely erase the drive that destroys all the data.

Manufacturers are focusing on providing technologically-advanced demagnetizers with added features to provide high productivity and highly reliable solutions. They are also focusing on providing minimal maintenance and service technologies to customers.

• Short Term (2022 Q2 to 2025): Increasing scientific research projects in several economies will drive demand for demagnetizers in the short term.
• Medium Term (2025-2028): Across the medium term, demand is expected to increase with the provision of technologically-advanced demagnetizers that are able to match the needs of users for various applications, from automotive to industrial manufacturing.
• Long Term (2028-2032): Market is anticipated to observe moderate growth in the long term because of increasing electronic gadgets in consumer electronics.

According to Fact.MR, a market research and competitive intelligence provider, the demagnetizers market is predicted to evolve at a CAGR of 5.2% between 2022 and 2032 as compared to the CAGR of 1.5% between 2017 and 2021.

How is the Global Demagnetizers Predicted to Evolve?

“European Demagnetizers Market Growing Rapidly on Back of Huge Automotive Sector”

The European demagnetizers market holds 23.6% of the global market share in 2022. The automobile industry is crucial to Europe’s GDP contribution. Europe is one of the largest automakers in the world and this sector is the largest private investor in research & development.

In addition to a high degree of demagnetization, the automotive industry also requires high productivity, a high level of reliability, system flexibility for changing and reusing various components, and minimal maintenance.

Demagnetizers are used in the automotive industry in injector components, piston rings, synchronous components, and many other components. Due to its huge automotive industry, sales of demagnetizers are expected to surge in the European region.

“Capacitive Discharging Technology to Account for Immense Opportunities”

Capacity discharge, under the technology segment, is likely to create an absolute dollar opportunity of US$ 294.2 million over the forecasted years (2022-2032).

Improperly magnetized magnets can destroy the advantages of design and manufacturing techniques. Advances in magnets for high-energy products present new challenges for motor manufacturers if the product is improperly magnetized.

Magnetization systems are commonly referred to as capacitive discharge magnetization (CDM) systems because they are typically used in electrical capacitors to store energy. Commercially available capacitors usually do not have sufficient energy storage capacity. Therefore, respective capacitors are formed into a capacitor bank using a series and parallel combination of capacitors.

“Demagnetizers Being Used for Destruction of Data on Magnetic Storage Devices”

A demagnetizer is a machine that ensures data corruption on several essential devices by modifying the magnetic domains in which the data is stored. Cassette tapes, LTO tapes, DLT tapes, and other magnetic storage technologies all use demagnetizers. They employ a regulated magnetic field to delete information that has been stored magnetically.

The degausser removes the magnetic storage from the hard disc by destroying the coating. This procedure randomizes the existing data pattern and discards the data, resulting in the loss of all information.

Country-wise Insights

Why Does China Dominate the East Asia Demagnetizers Market?

The China demagnetizers market accounts for the largest market share of 66.2% in East Asia and is set to register 6.9% CAGR over the forecast years. China accounted for the largest revenue of consumer electronics at around US$ 150 billion in 2020.

Magnets are used in most areas of household appliances, including electronic and digital devices that are used for entertainment, communication, and household appliances. Demagnetizers are devices that are used to remove or add magnetic fields to tools and are used in different types of magnetic devices, and are needed on a huge scale in China.

Why are Demagnetizer Manufacturers Showing High Interest in the U.S. Market?

The U.S. demagnetizers market holds 90.2% share in North America in 2022. Growing automotive industry in the U.S. is supporting the market for demagnetizers as they are used on a large scale in the automotive sector.

The U.S. is also a leading country in consumer electronics, and demagnetizers are widely used in consumer electronics. As such, the demand for demagnetizers will also rise in the U.S. along with the growth of the industrial manufacturing industry.

Category-wise Insights

Why Do Hand-held Demagnetizers Enjoy Huge Popularity?

Hand-held demagnetizers accounted for a market share of 73.9% at the end of 2021 and the segment is predicted to grow 1.7X over the forecast years.

Hand-held demagnetizers are perfect for the mobile demagnetization of large or complex components such as molds, bearings, and other machine & mechanical parts. When speedy and mobile demagnetization is required, this is the most effective technique on offer.

The lightweight plastic structure of hand-held portable demagnetizers, with their big grip, makes it easy to carry them around while working. These devices are widely employed in difficult-to-reach areas, thereby driving high segment growth.

Will Industrial Manufacturing Continue Driving High Demand for Demagnetizers?

Industrial manufacturing, under end-use segment, holds a market of 23% and is slated to expand at 4.4% CAGR through 2032.

Demagnetizers help eradicate magnetic residue when it is still present in the core of the pieces with a low-frequency demagnetizing system, which benefits the industrial processing of pipes and bars. These devices are beneficial in the industrial manufacturing industry because they cover a wide variety of industrial applications, such as demagnetizing pipes for welding, huge magnetic machine parts, and so on.

Over the coming years, the high performance of low-frequency industrial demagnetizers is projected to offer lucrative market opportunities to industry participants.

Competitive Landscape

The global demagnetizers market is highly competitive and fragmented because of the presence of numerous regional and global players. Marketing strategies such as redevelopment of products, service-providing technology, and collaborations are being adopted by key players in the market.

Along with this, new product development is also adopted as a strategic approach by companies to expand their presence in the market and garner a wider consumer base.

For instance:

• Bussi Demagnetizing Systems Company has specialized in the design and construction of electronic impulse and demagnetizers. The company has patented technology and unmatched experience in the sector.
• Kanetec USA has been at the forefront of magnetic tools and equipment since 1959. Kinetic is established for fabricating higher quality and accuracy equipment.

Fact.MR has provided detailed information about the price points of key demagnetizer manufacturers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Segments of Demagnetizers Industry Research

• Demagnetizers Market by Type :

  • Benchtop Demagnetizers
  • Portable Demagnetizers
    • Pen Type
    • Hand-Held

• Demagnetizers Market by Technology :

  • Coils
  • Capacitive Discharge
  • Permanent Magnets

• Demagnetizers Market by End-use Industry :

  • Automotive
  • Consumer Electronics
  • Scientific Research
  • Industrial Manufacturing
  • Others

• Demagnetizers Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA