Home › News Updates › MarketsandMarkets Cited for Market Trends for an Article Published by Electronics Maker on Magnetic Refrigeration Market
Electronics Maker mentioned MarketsandMarkets as a prime source in an article for ongoing trends in magnetic refrigeration market.
Magnetic refrigeration is an emerging and innovative cooling technology, which works on magnetocaloric effect (MCE). It advantages over conventional cooling technologies such as lower cost, less energy consumption, longer life, lightweight, and higher efficiency has made it more popular for use since the last few years. The value of the global market for magnetic refrigeration is expected to reach $315.7 Million by 2022, growing at a CAGR of 98.7% from 2017-2022, owing to the increasing focus on green technology, low maintenance cost, and energy efficiency.
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Report mentioned in the above news is,
Magnetic Refrigeration Market by Product (Refrigeration, Air conditioning, Heat pumps), Application (Domestic, Commercial, Transportation & Industrial) & Geography - Global forecast to 2022
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