Magnetic Separation Equipment Market Size, Share | Report 2031
Magnetic Separation Equipment Market Size, Share | Report 2031
Segments - Global Magnetic Separation Equipment Market by Types (Electromagnetic and Permanent), Applications (Mining and Aggregates Industry, Light Industries, Recycling, Water, and Wastewater Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :CM-656
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| 132 Pages
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Report Description
Global Magnetic Separation Equipment Market Outlook 2031:
The global magnetic separation equipment market size was valued at USD 692.49 Million in 2022 and is projected to reach USD 1.07 Billion by 2031, expanding at a CAGR of 5% during the forecast period 2023 - 2031. Growth of the market is attributed to the significant rise in recycling rates throughout the world.
Magnetic separation is a process by which magnetic susceptible material is extracted from a lot via a magnetic force. For example, it is used to remove ferrous tramp metal contaminants from dry particulate, liquids, and slurries in the process of grain, feed, sugar, cereal, chemical, mineral, plastics, oil, textile, salt, pharmaceuticals, and recycled products to name a few.
Magnetic separation equipment is prevalent across a wide range of industries such as mining and aggregates industry, light industries, and recycling, water and wastewater industries to separate magnetic material from the non-magnetic or less magnetic material. These separators are beneficial in ensuring product purity and protection processes from tramp metal damage.
Magnetic Separation Equipment Market Trends, Drivers, Restraints, and Opportunities
- The mining industry has been booming as a result of global industrialization and urbanization, which has boosted the demand for magnetic separators. Increasing trend of global commodity prices in the mining industry has, in turn, fueled the demand for the global magnetic separation equipment market.
- Introduction of technologically advanced magnetic separators that serve enhanced functionalities such as energy-saving, automatic cooling of electromagnets, and up purification capacity that reduce their maintenance and repair costs is expected to boost the magnetic separation equipment market.
- One of the major factors driving the growth of the market is the massive expenditure on research and development activities.
Scope of the Magnetic Separation Equipment Market Report
The report on the global magnetic separation equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Global Magnetic Separation Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Electromagnetic and Permanent) and Applications (Mining and Aggregates Industry, Light Industries, Recycling, Water, and Wastewater Industries) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Dings Magnetic, Eclipse Magnetics, Eriez Manufacturing, Metso, ANDRITZ, Bakker Magnetics, Bgrimm-Mat, BLS Magnet, Buhler, Bunting Magnetics, FLSmidth, Goudsmit Magnetics, and IPES International |
Magnetic Separation Equipment Market Segment Insights:
The electromagnetic segment to exhibit a high CAGR
Based on types, the global magnetic separation equipment market is segmented into electromagnetic and permanent. The electromagnetic segment is estimated to hold a major market share during the forecast period. Electromagnetic separators, also known as self-cleaning magnetic separators, have seen a surge in popularity in recent years as they eliminate the need for people to clean magnetic separators.
Because self-cleaning magnetic separators do not require any manual labor, they may be used in a completely automated manufacturing line, enhancing efficiency in their production processes. The safety factor is extremely high in these kinds of separators as the metal contaminants are removed automatically, without any manual assistance.
The mining and aggregates segment to grow at a rapid pace
Based on applications, the global magnetic separation equipment market is fragmented as mining and aggregates industry, light industries, recycling, water, and wastewater industries. The mining and aggregates segment to expand at a high CAGR during the forecast period owing to the rising demand for magnetic separators.
Market in the Asia Pacific to dominate the global market during the projected period
In terms of regions, the global magnetic separation equipment market is classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period. Growth of the market in the region is attributed to rising demand for pharmaceuticals, sanitary food items, and drinks, as well as government measures to enhance recycling rates in the area.
China has one of the world's greatest deposits of rare earth minerals which make it have the greatest market share and the highest CAGR in the global magnetic separation equipment market. In addition, China's pharmaceutical business is predicted to develop as the country's urban population grows.
Segments
The global magnetic separation equipment market has been segmented on the basis ofTypes
- Electromagnetic
- Permanent
Applications
- Mining and Aggregates Industry
- Light Industries
- Recycling
- Water
- Wastewater Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Companies
- Dings Magnetic
- Eclipse Magnetics
- Eriez Manufacturing
- Metso
- ANDRITZ
- Bakker Magnetics
- Bgrimm-Mat
- BLS Magnet
- Buhler
- Bunting Magnetics
- FLSmidth
- Goudsmit Magnetics
- IPES International
Competitive Landscape
Major players of the global magnetic separation equipment market are Dings Magnetic, Eclipse Magnetics, Eriez Manufacturing, Metso, ANDRITZ, Bakker Magnetics, Bgrimm-Mat, BLS Magnet, Buhler, Bunting Magnetics, FLSmidth, Goudsmit Magnetics, and IPES International.
Eriez is one of the world's leading manufacturers and distributors of magnetic separators. In the previous two years, the firm has used a mix of organic and inorganic growth techniques. It has increased its presence in the US. As part of its growth plan, the firm focuses on technology advancements and advertising to continue providing advantages to its clients.
The firm has a strong brand image in the magnetic separator market due to its high-quality products. The company's comprehensive product range also caters to the needs of many end-use sectors, giving it a competitive advantage over its competitors.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Separation Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Separation Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Separation Equipment Market - Supply Chain
4.5. Global Magnetic Separation Equipment Market Forecast
4.5.1. Magnetic Separation Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Separation Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Magnetic Separation Equipment Market Absolute $ Opportunity
5. Global Magnetic Separation Equipment Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Magnetic Separation Equipment Market Size and Volume Forecast by Types
5.3.1. Electromagnetic
5.3.2. Permanent
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Magnetic Separation Equipment Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Magnetic Separation Equipment Market Size and Volume Forecast by Applications
6.3.1. Mining and Aggregates Industry
6.3.2. Light Industries
6.3.3. Recycling
6.3.4. Water
6.3.5. Wastewater Industries
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Magnetic Separation Equipment Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Magnetic Separation Equipment Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Magnetic Separation Equipment Demand Share Forecast, 2019-2026
8. North America Magnetic Separation Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Magnetic Separation Equipment Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Magnetic Separation Equipment Market Size and Volume Forecast by Types
8.4.1. Electromagnetic
8.4.2. Permanent
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Magnetic Separation Equipment Market Size and Volume Forecast by Applications
8.7.1. Mining and Aggregates Industry
8.7.2. Light Industries
8.7.3. Recycling
8.7.4. Water
8.7.5. Wastewater Industries
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Magnetic Separation Equipment Demand Share Forecast, 2019-2026
9. Latin America Magnetic Separation Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Magnetic Separation Equipment Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Magnetic Separation Equipment Market Size and Volume Forecast by Types
9.4.1. Electromagnetic
9.4.2. Permanent
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Magnetic Separation Equipment Market Size and Volume Forecast by Applications
9.7.1. Mining and Aggregates Industry
9.7.2. Light Industries
9.7.3. Recycling
9.7.4. Water
9.7.5. Wastewater Industries
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Magnetic Separation Equipment Demand Share Forecast, 2019-2026
10. Europe Magnetic Separation Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Magnetic Separation Equipment Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Magnetic Separation Equipment Market Size and Volume Forecast by Types
10.4.1. Electromagnetic
10.4.2. Permanent
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Magnetic Separation Equipment Market Size and Volume Forecast by Applications
10.7.1. Mining and Aggregates Industry
10.7.2. Light Industries
10.7.3. Recycling
10.7.4. Water
10.7.5. Wastewater Industries
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Magnetic Separation Equipment Demand Share Forecast, 2019-2026
11. Asia Pacific Magnetic Separation Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Magnetic Separation Equipment Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Magnetic Separation Equipment Market Size and Volume Forecast by Types
11.4.1. Electromagnetic
11.4.2. Permanent
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Magnetic Separation Equipment Market Size and Volume Forecast by Applications
11.7.1. Mining and Aggregates Industry
11.7.2. Light Industries
11.7.3. Recycling
11.7.4. Water
11.7.5. Wastewater Industries
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Magnetic Separation Equipment Demand Share Forecast, 2019-2026
12. Middle East & Africa Magnetic Separation Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Magnetic Separation Equipment Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Magnetic Separation Equipment Market Size and Volume Forecast by Types
12.4.1. Electromagnetic
12.4.2. Permanent
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Magnetic Separation Equipment Market Size and Volume Forecast by Applications
12.7.1. Mining and Aggregates Industry
12.7.2. Light Industries
12.7.3. Recycling
12.7.4. Water
12.7.5. Wastewater Industries
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Magnetic Separation Equipment Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Magnetic Separation Equipment Market: Market Share Analysis
13.2. Magnetic Separation Equipment Distributors and Customers
13.3. Magnetic Separation Equipment Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Dings Magnetic
13.4.2. Eclipse Magnetics
13.4.3. Eriez Manufacturing
13.4.4. Metso
13.4.5. ANDRITZ
13.4.6. Bakker Magnetics
13.4.7. Bgrimm-Mat
Methodology
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