Demagnetizers Market Is Predicted To Rise At A Valuation Of Us$ 1.12 Billion By 2032, Opines Fact.Mr X Herald

(MENAFN- Ameliorate Digital Consultancy) The global demagnetizers market is estimated to be worth US$ 673.2 million, and Fact.MR, a supplier of market research and competitive information, predicts that it will grow at a 5.2% CAGR from 2022 to 3032.

Demagnetizers are instruments used to increase or decrease the magnetic field of magnets, which are then employed in a variety of tools. To put it another way, a demagnetizer-also known as a degausser-is a tool created to add or remove a magnetic field from a device. Sticks, metallic screws, and other fasteners are also retained on the screwdriver by a demagnetizer by providing a magnetic field to it.

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Prominent Players Operating

• Bussi Demagnetizing Systems
• Walmag
• Kanetec USA
• EWM AG
• Monroe
• Afag
• Magnetool Inc
• Industrial Magnetics Inc.

Key Statistics Supporting the Surge

• Portable demagnetizers are likely to capture a market share of 63.7% by the end of 2032.
• Demand for hand-held demagnetizers is likely to increase at a CAGR of 6.6% over the forecast period of 2022–2032.
• Capacitive discharge technology is likely to grow 1.9X over the decade.
• The consumer electronics end-use industry is expected to reach a market valuation of around US$ 555.1 million by 2032.
• Based on region, demand for demagnetizer is expected to increase at a CAGR of 6.3% in East Asia.

Competitive Strategies

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.

Industry Survey

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

• by Technology :
  • Coils
  • Capacitive Discharge
  • Permanent Magnets
• by End-use Industry :
  • Automotive
  • Consumer Electronics
  • Scientific Research
  • Industrial Manufacturing
  • Others

Decisive Information Enclosed in the report:

• The scenario of the global demagnetizers in different regions
• Current market trends influencing the growth of the demagnetizers
• Factors expected to hinder the growth of the global demagnetizers
• Micro and macro-economic factors shaping the growth of the market in different regions
• Key strategies adopted by players to gain a competitive edge in the demagnetizers.

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