About Ningbo Yunsheng
Ningbo Yunsheng (600366.SS) is a technology company that specializes in the research, development, manufacture, and sales of rare earth permanent magnet materials. The company offers a range of Neodymium products, including high-strength and high-energy magnet grades, and serves the automotive, aerospace, information storage, mobile intelligence, industrial motors, and other fields. It was founded in 1995 and is based in Ningbo, Zhejiang.
Latest Ningbo Yunsheng News
Aug 22, 2023
| Growth driven by increasing focus on renewable energy sources - Technavio News provided by Share this article Share toX NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The NdFeB magnets market size is set to grow by USD 6.57 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 8.46% during the forecast period, according to Technavio. The NdFeB magnets market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Adams Magnetic Products, Advanced Technology and Materials Co. Ltd., Arnold Magnetic Technologies Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Guangdong Lingyi Zhizhi Manufacturing Co. Ltd., Hitachi Ltd., Magnequench International LLC, MP MATERIALS CORP., Neill Tools Ltd., Neo Performance Materials Inc., Ningbo ketian Magnet Co. Ltd., Ningbo Zhaobao Magnet Co. Ltd., Shin Etsu Chemical Co. Ltd., Siemens AG, Sumitomo Metal Mining Co. Ltd., TDK Corp., The Electrodyne Company Inc., Zhejiang Innuovo Magnetics Co. Ltd., Earth Panda Advance Magnetic Material Co.Ltd., Goudsmit Magnetics Groep BV, and Ningbo Yunsheng Co. Ltd. are some of the major market participants -. To know about the vendor offerings - Request a sample report NdFeB Magnets Market 2023-2027: Drivers & Challenges The increasing focus on renewable energy sources notably drives market growth. The high cost of production of NdFeB magnets is one of the key challenges hindering market growth. The manufacturing process of NdFeB magnets entails essential raw materials, notably neodymium, an expensive rare earth metal. The extraction and refining of neodymium necessitate labour-intensive procedures and specialized equipment. Additionally, these magnets incorporate other costly components like boron and iron. Consequently, the elevated cost associated with NdFeB magnets directly influences the pricing of electronic devices employing them. Moreover, the high production expenses make it arduous for manufacturers to maintain competitive pricing. Another substantial challenge emerges from supply chain disruptions stemming from the scarcity of these pricey raw materials. Therefore, such factors are poised to impede the growth of the NdFeB magnets market during the forecast period. The growing demand for EVs is an emerging market trend. To learn more about the global trends impacting the future of market research, download a PDF sample NdFeB Magnets Market 2023-2027: Segment Analysis Type NdFeB Magnets Market 2023-2027: Segmentation Highlights This neodymium magnets market report extensively covers market segmentation by type (sintered and bonded), end-user (automotive, electronics, power generators, medical industry, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The sintered segment is estimated to witness significant growth during the forecast period. The remarkable expansion of this segment within the global neodymium magnets market can be attributed to diverse applications and several contributing factors, notably their exceptional magnetic properties, efficiency, and cost-effectiveness when juxtaposed with alternative magnet types. A significant advantage of these magnets is their capacity to enhance the efficiency of electric motors, resulting in extended driving ranges and reduced energy consumption as compared to conventional internal combustion engines. This inherent benefit drives the growth of this particular segment, consequently exerting a positive influence on the overall growth trajectory of the global NdFeB magnets market during the forecast period. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report NdFeB Magnets Market 2023-2027: Key Highlights CAGR of the market during the forecast period 2023-2027 Detailed information on factors that will assist NdFeB magnets market growth during the next five years Estimation of the NdFeB magnets market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behaviour The growth of the NdFeB magnets market across APAC, North America, Europe, South America, and the Middle East and Africa Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of NdFeB magnets market vendors Get Instant access to 17000+ market research report Related Reports: The permanent magnets market share is expected to increase by USD 13.63 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.10%. This report extensively covers permanent magnets market segmentation by material (neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, and alnico magnets) and geography (APAC, North America, Europe, South America, and MEA). The increasing demand from the automobile sector is notably driving the permanent magnets market growth. The alnico magnets market share is expected to increase to USD 434.71 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.26%. This report extensively covers alnico magnets market segmentation by application (electronic, automotive, aerospace, wind energy, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). NdFeB Magnets Market Scope Key companies profiled Adams Magnetic Products, Advanced Technology and Materials Co. Ltd., Arnold Magnetic Technologies Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Guangdong Lingyi Zhizhi Manufacturing Co. Ltd., Hitachi Ltd., Magnequench International LLC, MP MATERIALS CORP., Neill Tools Ltd., Neo Performance Materials Inc., Ningbo ketian Magnet Co. Ltd., Ningbo Zhaobao Magnet Co. Ltd., Shin Etsu Chemical Co. Ltd., Siemens AG, Sumitomo Metal Mining Co. Ltd., TDK Corp., The Electrodyne Company Inc., Zhejiang Innuovo Magnetics Co. Ltd., Earth Panda Advance Magnetic Material Co.Ltd., Goudsmit Magnetics Groep BV, and Ningbo Yunsheng Co. Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of contents About US Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact
Ningbo Yunsheng Frequently Asked Questions (FAQ)
When was Ningbo Yunsheng founded?
Ningbo Yunsheng was founded in 1995.
Where is Ningbo Yunsheng's headquarters?
Ningbo Yunsheng's headquarters is located at No. 1, Yangfan Road, Ningbo National Hi-Tech Industrial Development Zone, Ningbo.
Who are Ningbo Yunsheng's competitors?
Competitors of Ningbo Yunsheng include CMSS Technology and 5 more.
Compare Ningbo Yunsheng to Competitors
Yantai Zhenghai Magnetic Material Co. (烟台正海磁性材) is a hi-tech enterprise specializing in manufacturing and marketing high quality Neodymium-lron-Boron (NdFeB) permanent magnets and other magnetic assemblies.
CMSS Technology is a high-tech company integrating R&D, production, application, and sales of metal alloy powder soft magnetic materials. The company was founded in 2016 and is based in Dongguan, China.
CNPC Powder specializes in manufacturing and producing metal powders. Its products include iron and copper alloy powders, nickel powders, stainless steel powders, and 3D printing powders. The company was founded in 2017 and is based in Shanghai, China.
Silok is a high-tech enterprise specializing in the research, development, production, and sales of innovative organosilicon materials within the chemical industry. The company offers a wide range of customizable organosilicon products and solutions, including various types of silicon oils, emulsions, resins, and additives designed for diverse industrial applications. Silok primarily serves sectors such as personal care, coatings, inks, construction, leather, textiles, and plastics & rubber industries. It was founded in 2004 and is based in Guangzhou, Guangdong.
EVPT manufactures core controller products and core components for new energy vehicles. It focuses on intelligent control, intelligent driving, safety improvement, and vehicle energy efficiency factors and offers vehicle control units (VCU), battery management systems (BMS), and more. The company was founded in 2016 and is based in Tianjin, China.
Earth-Panda Advanced (688077.SH) provides magnetic materials. The company manufactures rare earth magnets, flexible magnet, and magnetic products, supplied to more than 20 countries and areas such as Europe, the United States, Korea, and Japan.