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Market Forecast: Permanent Magnet Industry Outlook 2025-2035
Magnets form the backbone of industrial progress and technological innovation. Their unique properties make them indispensable across multiple sectors, from heavy manufacturing to consumer electronics. In factories, magnets are widely used in lifting and handling heavy ferrous materials. Electromagnets can be switched on to pick up steel beams or scrap metal and switched off to release them, making processes efficient and safe. Conveyor systems often incorporate magnets to separate metallic contaminants from raw materials, ensuring product purity in industries like food processing and pharmaceuticals.
In electronics, magnets are at the heart of countless devices. Permanent magnets enable the operation of electric motors found in everything from industrial machinery to home appliances like refrigerators and washing machines. They also play a critical role in generators that produce electricity. Without magnets, the global power infrastructure as we know it would not exist. The miniaturization of strong rare-earth magnets has further propelled technological advancement, enabling…
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o m o mGlen Maxwell Glen Maxwell

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