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Magnetic refrigeration global market

According to new research published by Markets and Markets, the magnetic refrigeration market is expected to be valued at USD 163.7 million by 2023.

A study published in July 2017 by Markets and Markets entitled Magnetic Refrigeration Market by Product (Refrigeration Systems, Air Conditioning Systems and Heat Pumps), Application (Domestic, Commercial, Transportation and Industrial), and Geography - Global Forecast to 2023 expects the magnetic refrigeration market to be valued at USD 163.7 Million by 2023, growing at a CAGR of 108.0% between 2018 and 2023. According to the study, some of the key factors driving the growth of this market are the increasing focus on green technology and high energy efficiency and low maintenance cost.


According to Markets and Markets, Europe is expected to lead the magnetic refrigeration market during the forecast period.


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