세계 자기 냉동 시장은 2025-2032년의 예측 기간 동안 22.31%의 연평균 복합 성장률(CAGR)을 나타내고, 2024년 4억 1,000만 달러에서 2032년 20억 8,000만 달러로 성장할 것으로 예측됩니다. 주요 촉진요인 중 하나는 에너지 효율이 높고, 산업 및 상업용 고객에게 장기적인 비용 절감으로 이어진다는 점입니다. 또한, 몬트리올 의정서의 키갈리 수정 조항과 EU의 F-Gas 규제와 같은 엄격한 환경 법규로 인해 지구온난화지수(GWP)가 높아 기후 파괴적인 수소불화탄소(HFC) 냉매가 퇴출되고 있습니다. 한편, 자기냉동은 자기열량 효과에 의존하고 독성 가스를 사용할 필요가 없으며, 국제 지속가능성 목표에 완전히 부합하는 제로 GWP 기술입니다.
특히 식품 소매, HVAC, 헬스케어 등 이산화탄소 배출을 최소화해야 하는 분야에서 친환경 냉각 기술에 대한 수요가 증가함에 따라 시장 성장세가 더욱 가속화되고 있습니다. 가돌리늄 기반 합금 및 차세대 희토류 화합물과 같은 자성 열 전도성 재료의 발전은 시스템 효율을 높이는 동시에 비용을 절감하고 있습니다. 미국 에너지부(DOE), 유럽연합(EU) 호라이즌 유럽(Horizon Europe)과 같은 기관의 연구개발 보조금 형태의 정부 인센티브가 상용화를 촉진하고 있습니다. 예를 들어, 2024년 1월 인도에서 연구원들이 새로운 합금을 발견했습니다. 이 합금은 온실 가스 배출을 줄이고 지구 온난화 방지를 위한 에너지 효율 향상이라는 세계적 요구에 부응하는 대체 냉매로서 우수한 자기 냉매가 될 수 있습니다.
동시에 전기자동차(EV), 데이터센터, 의료기기에 대한 응용 개발이 새로운 채용 가능성을 창출하고 있습니다. 업계 리더들의 지속가능성 서약은 에너지 가격 상승과 함께 각 산업계가 고효율 자기냉동 기술을 채택하도록 유도하고 있습니다. 기술이 계속 발전하고 규모의 경제가 비용을 절감함에 따라 규제, 환경, 경제적인 이유로 시장은 빠른 속도로 성장할 것입니다.
대상이 되는 모든 지역과 국가에 대해 모든 부문이 제공됩니다.
위에 언급된 회사는 시장 점유율에 따른 순위를 보유하지 않으며, 조사 작업 중 이용 가능한 정보에 따라 변경될 수 있습니다.
Global magnetic refrigeration market is projected to witness a CAGR of 22.31% during the forecast period 2025-2032, growing from USD 0.41 billion in 2024 to USD 2.08 billion in 2032, owing to sustainable and efficient cooling solutions. One of its principal drivers is its higher energy efficiency and hence long-term cost savings for industrial and commercial customers. Furthermore, strict environmental legislation like the Kigali Amendment to the Montreal Protocol and the EU F-Gas regulation are retiring climate-destructive hydrofluorocarbon (HFC) refrigerants with high global warming potential (GWP) due to their high GWP. Magnetic refrigeration, on the other hand, relies on the magnetocaloric effect and does not require the use of toxic gases, and is a zero-GWP technology fully aligned with international sustainability objectives.
Growing market momentum is being fueled by the increasing demand for green cooling technologies, particularly in applications like food retail, HVAC, and healthcare, where carbon emissions need to be minimized. Advances in magnetocaloric materials like gadolinium-based alloys and next-generation rare-earth compounds are boosting system efficiency while cutting costs in the process. Government incentives in the form of research and development grants by organizations like the U.S. Department of Energy (DOE) and the EU Horizon Europe are hastening commercialization. For instance, in January 2024, in India, researchers discovered a new alloy which may turn out to be an excellent magnetic refrigerant, an alternative cooling agent to reduce greenhouse gas emissions and meet the global demand for higher energy efficiency in the battle against global warming.
At the same time, application development in electric vehicles (EVs), data centers, and medical devices is creating new adoption prospects. Sustainability pledges by industry leaders, combined with rising energy prices, are also pushing industries to embrace highly efficient magnetic refrigeration technologies. As technology continues to advance and economies of scale reduce costs, the market is set to grow at a fast pace, fueled by regulatory, environmental, and economic reasons.
Energy Efficiency and Lower Operating Costs Drives the Global Magnetic Refrigeration Market Demand
Global magnetic refrigeration market is picking up considerable steam, founded primarily on its superior efficiency and cost-saving benefits over conventional cooling systems. Magnetic refrigeration technology, based on the magnetocaloric effect, is 30-60% more efficient than conventional vapor-compression refrigeration, conserving considerable electricity. This greater efficiency equates to substantial long-term cost savings, making it a desirable offering for energy-intensive applications, commercial refrigeration, and HVAC applications. As companies and consumers look to reduce operating costs and increase sustainability, magnetic refrigeration is an alluring alternative, especially in energy-aware sectors such as food retail, cold chain logistics, and industrial cooling, where energy costs are of special concern. Furthermore, increased global energy prices and the need for sustainable energy practices are driving growth. Companies and governments are investing in high-efficiency cooling technology to reduce carbon emissions and lower operating costs. As technology grows on a larger scale and production costs come down, its demand in the market is poised to boom, defining the world's cooling system future.
For instance, in April 2023, Dentons Group advised climate-tech startup MAGNOTHERM Solutions GmbH on financing round to launch mass production of the first sustainable refrigerator using magnetic cooling.
Growing Demand for Sustainable Cooling Technologies Expands Global Magnetic Refrigeration Market Size
The growing need for sustainable cooling technology is highly influencing the size of the global magnetic refrigeration market, driven by urgent environmental concerns and the global move towards green alternatives. Due to mounting efforts on the part of businesses and governments to avert climate change, magnetic refrigeration is emerging as a top solution with no direct emissions and improved energy efficiency. Technology is being increasingly used across various segments of the industry, such as food retail, pharmaceuticals, and data centers, where businesses are actively adopting green cooling technologies in order to meet the stringent environmental regulations like the Kigali Amendment and meet corporate sustainability goals. Advances in magnetocaloric materials and system design are making magnetic refrigeration cheaper and efficient, and new emerging applications in electric vehicle cooling, medical devices, and industrial processes are propelling further opportunities for development. With sustainability emerging as a driving force in purchasing decisions globally, the magnetic refrigeration market is poised to experience tremendous growth, as it offers environmental and long-term operating cost savings, becoming a revolutionary driver of the future of cooling technology.
For instance, in August 2024, EDEKA ZENTRALE Stiftung & Co. KG Patchull E-Center Darmstadt introduced a groundbreaking refrigeration technology that boasts zero direct global warming potential. This marks the first time customers will experience this innovative solution in a retail environment.
Refrigerators Dominates the Global Magnetic Refrigeration Market
The refrigeration industry now leads the global market for magnetic refrigeration and has the largest share of revenue and adoption rates. The industry's dominance is attributed to the essential requirement for energy-efficient and environmentally friendly cooling in the refrigeration industry, where conventional vapor-compression technology has a long history of leading the market. Magnetic refrigeration technology offers various key advantages for this industry, such as improved energy efficiency, complete phase-out of greenhouse gas refrigerants, and noiseless operation, all of which are major drivers of the rapid integration into modern refrigeration systems. Large appliance companies are investing significantly in magnetic cooling technology, with industry giants incorporating these systems into their high-end refrigerator models. The commercial refrigeration industry, especially supermarkets and cold storage, is also turning towards magnetic refrigeration to reduce operating costs and meet stringent sustainability regulations. As public relations continue to grow and governments enforce tougher efficiency requirements, magnetic refrigeration will become the new industry standard for refrigerators and possibly control a significant portion of the global refrigeration industry.
For instance, in November 2024, MAGNOTHERM Solutions GmbH launched the ECLIPSE 2D, a two-door commercial magnetic refrigerator designed for retail and supermarket applications. The unit operates without traditional refrigerants, leveraging the magnetocaloric effect to deliver sustainable cooling with zero global warming potential (GWP). With ultra-low noise levels and enhanced energy efficiency.
North America Region leads the Global Magnetic Refrigeration Market
North America has consolidated its position as the world's leading magnetic refrigeration market force, thanks to an interplay of regulatory, technological, and commercial strengths. The region's supremacy is traceable to stringent environmental regulations such as the EPA's SNAP (Significant New Alternatives Policy) Program and compliance with the Kigali Amendment, which are successfully phasing out traditional HFC refrigerants and creating immense demand for environmentally friendly alternatives. Backed by heavy investment in research and development endeavors, North America is credited with making around half of all global advances in magnetocaloric technology, with pacesetting contributions from institutions like the Ames Laboratory and top organizations in the private sector. Major retailers and appliance makers are rapidly adopting magnetic cooling technologies to meet both regulatory requirements and corporate sustainability objectives, while heavy government incentives and utility subsidies further drive the shift. With its unshakeable technological base, ecologically conscious consumer market, and friendly policy climate, North America is poised to command a substantial share of the global market.
For instance, in 2024, Cooltech Applications expanded its MRS (Magnetic Refrigeration System) line to include scalable units for beverage coolers, food display cabinets, and medical cold storage. These systems are now undergoing beta testing in select locations across Europe and North America, representing a significant step forward in transitioning from vapor-compression systems to refrigerant-free, solid-state cooling.
Impact of the U.S. Tariff on Global Magnetic Refrigeration Market
The U.S. government's imposition of tariffs on imported goods, particularly those related to advanced cooling technologies and rare-earth materials, has created significant ripple effects across the global magnetic refrigeration market.
These trade barriers have disrupted supply chains for critical magnetocaloric components while simultaneously stimulating domestic production of refrigeration systems in North America.
Tariffs on Chinese rare-earth metals (used in magnetocaloric alloys) have increased costs for U.S. manufacturers, potentially slowing market growth in the short term.
End-user costs for magnetic refrigeration systems may rise temporarily, affecting adoption rates in price-sensitive sectors like commercial refrigeration.
Key Players Landscape and Outlook
The global magnetic refrigeration market is characterized by a competitive market where large players are employing varied strategies to leverage this new technology. Major industry players are incorporating magnetic cooling into consumer products, while chemical giants are involved in the creation of next generation magnetocaloric materials. Institutions like the U.S. Department of Energy's Ames Laboratory are responsible for the advancement of rare-earth alloy technologies essential to system efficiency. Commercialization is being driven by European innovators in commercial and medical cooling applications, while American companies are investigating HVAC and next-generation refrigeration applications. The market is still promising, driven by regulatory forces to conserve the environment and the energy efficiency benefit, but material cost concerns and supply chain weaknesses remain. In the future, the industry is on the verge of disruption by material science breakthroughs, cross-sector collaboration (especially in electric vehicle thermal management), and government-sponsored programs.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.