Magnetics Business & Technology - Summer 2016 - (Page 25)

INDUSTRY NEWS Global PM Market - Set to Grow from $13.4 Billion In 2015 to $20 Billion by 2020 Research and Markets has announced the addition of the "Permanent Magnets: Technologies and Global Markets" report to their offering. The global permanent magnet market is expected to grow from nearly $13.4 billion in 2015 to roughly $20 billion by 2020, with a CAGR of 8.4 percent for the period of 2015 to 2020. The neodymium magnet market will grow from $7.0 billion in 2015 to $10.7 billion by 2020 with a CAGR of 9.0 percent for the period of 2015-2020. The ferrite magnet market will grow from $5.8 billion in 2015 to $8.6 billion by 2020 with a CAGR of 8.3 percent. This report provides an up-to-date analysis of recent developments and current trends in the global permanent magnet market and quantifies the projected impact of both internal and external forces that are affecting the global permanent magnet market today and will affect the market for the next several years. Altair Acquires CEDRAT S.A. Expanding Electromagnetics Software Portfolio Altair has completed the acquisition of CEDRAT S.A. and its New York-based wholly-owned subsidiary, Magsoft Corp., expanding the electromagnetic and thermal simulation capabilities of its HyperWorks CAE portfolio. With more than 35 years of experience in electrical engineering, CEDRAT is a leader in the field of simulating low frequency electromagnetics for electric motor design. Based in Grenoble, France, they are a technology company in the electromagnetics software space, developing and applying simulation software used by manufacturers to accelerate the development of reliable and optimized solutions for electric and electromagnetic devices such as motors, transformers, actuators, sensors, heat treatment processes, transmission lines, EMC, arc chambers and superconductivity applications. "Complementing the Altair HyperWorks simulation software suite with our solutions dedicated to electromagnetism, we are joining forces with a leader and now have access to new technologies and resources to help us offer more to users in this ever-accelerating world. By joining the Altair team, we will bring the electromagnetic expertise that has made our reputation over time, and allow us to meet new challenges and explore new, and so far inaccessible, horizons," said Vincent Leconte, Technical Director, CEDRAT. The addition of Flux, the software for electromagnetic and thermal simulation, enhances Altair's electromagnetic simulation offering by addressing lower frequency simulation requirements. As more and more customers are embracing the synergy between mechanical, thermal, fluid dynamics and electromagnetic simulations in their design process, it will provide complex solutions for finite element software applications used for electromagnetic and thermal physics simulations while creating an opportunity for new product development as well as integration for key industry verticals. The acquisition of CEDRAT and its Flux technology adds to Altair's broad software coverage and domain expertise to support Internet of Things (IoT) and the rapidly growing EM market. CEDRAT follows Altair's prior acquisitions of FEKO high-frequency electromagnetics technology in 2014, and most recently WinProp wave propagation and radio network planning software. These strategic acquisitions in combination with our technology development have placed Altair on an accelerated growth path in the EM space. James R. Scapa, Altair's Founder, Chairman and CEO, said, "With the application of communication and controls to everything from personal devices, appliances, lighting, and buildings to connected and autonomous vehicles, the ability to simulate and optimize www.MagneticsMagazine.com these systems for performance, usability and resource management is a key driver in their design. We will continue to invest in both our people and technology roadmap to deliver the most relevant simulation-driven design solutions to support IoT now and into the future." Ferrite Magnet Market Study 2016 Research and Markets has announced the addition of the "Ferrite Magnet Market - Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue" report to their offering. This study provides a techno-commercial roadmap for setting up a ferrite magnet manufacturing plant. The study covers all the requisite aspects of the ferrite magnet industry. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the ferrite magnet industry. Magnet-Physics Inc. 9001 Technology Drive Suite C-2 Fishers, IN 46038-2848 Contact: Reinhold Strnat Phone: 317-577-8700 Fax: 317-578-2510 Email: info@magnet-physics.com Web site: www.magnet-physics.com Magnet-Physics Inc. provides North American sales and technical service for the products of Magnet-Physik Dr. Steingroever GmbH of Cologne, Germany, a worldwide supplier of high-quality magnetizing and magnetic test equipment since 1976. We provide manually operated and fully automated magnetizing and calibrating systems from 300J to 300kJ energy, and will work with your automation supplier. The company has been ISO 9001 certified since 1995. We also manufacture Hall-effect gaussmeters, fluxmeters, Helmholtz- and other flux-sensing coils. Our laboratories in the USA and Germany offer magnetic measurement services for permanent magnets and soft magnetic materials, and traceable calibration of gaussmeters, fluxmeters and coils. Summer 2016 * Magnetics Business & Technology 25 http://www.magnet-physics.com http://www.MagneticsMagazine.com

Table of Contents for the Digital Edition of Magnetics Business & Technology - Summer 2016

Editor's Choice
Extending the Limits of the Sm2Co17 System
Advances in Manufacture of Low or No Heavy Rare Earths NdFeB magnets
Research & Development
New Measurement Technique Characterizes Permanent Magnets
Electromagnetics
Industry News
The Ambition to Get Highest Flux Densities,Is It Always Reasonable
Marketplace / Advertising Index
Spontaneous Thoughts: Permanent Magnet Mistakes, Part 2

Magnetics Business & Technology - Summer 2016