Magnetic materials are finding applications in diverse applications, ranging from industrial material separation and particle acceleration to medical imaging and diagnostics. To meet the rising demand for such applications, substantial innovations are being witnessed in the field of resistive, pulsed-field, and superconductive magnets. In the wake of these developments, the magnetic materials market is projected to rise at a CAGR of 9.3 percent between 2022 and 2032.
Among the innovations driving this growth, one of the biggest developments can be seen in the electronics manufacturing space, where magnets are extensively leveraged for data storage applications. Electronics manufacturers are focusing on exploring the potential benefits of ferrimagnetic materials, which will be a step up from the ferromagnetic materials leveraged today. Since the polarity of ferrimagnetic materials can be easily manipulated with external forces, electronics manufacturers will be able to significantly build on the speed and storage volume of current memory devices.
To put the spotlight on such key developments in the magnetic space, Manufacturing Outlook illustrates how companies are leveraging the latest developments in the magnetic space to augment industrial and medical applications. The edition also features thought leadership articles from Dhaval Dhayatkar, Senior Director, Plasma Power Products at Advanced Energy, Prafulla Neema, Program Director of Manufacturing, and Elizabeth Hoegeman, Executive, Director of Global Manufacturing at Cummins, and Viren Joshi, CEO and President of Sigma Electric Manufacturing Corporation, who shed light on various trends in the manufacturing space, including the utilization of precise plasma control for enhanced semiconductor development, reimagining manufacturing processes in the digital era, and the emergence of advanced manufacturing technologies.
In this edition of Manufacturing Outlook magazine, we also bring to you the story of some of the top magnetics solution providers that deliver the best outcomes for their clients. In the list, Industrial Magnetics particularly stands out, for its MAG-MATE and Smart-Mag line of products, which include a broad range of rare earth magnets, ceramic magnets, and electromagnets that provide superior attachment, precision alignment, and multi-force control on a scale that has not been achieved with traditional magnets.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the magnetics industry. We would like to know your thoughts.
