GLOBAL SCRAP LIFTING MAGNET MARKET

INTRODUCTION

A magnet called a "scrap heap magnet" is used in junkyards to move metal scrap. It can only lift magnetic objects. Essentially, the scrap heap magnet is a huge electromagnet that is powered by a massive battery. It operates in a similar manner as a standard electromagnet.

A soft iron core is coiled in thick insulated copper wire. An electromagnet's magnetic strength is influenced by the coil's current and turn count. The coil's many turns provide a powerful magnetic field, and the copper wire can resist very high currents. All of the magnetic materials in the scrap are drawn to the current as it passes because it becomes so powerful.

GLOBAL SCRAP LIFTING MAGNET MARKET SIZE AND FORECAST

The Global scrap lifting magnet Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

MARKET DYNAMICS

SENNEBOGEN LLC has introduced a new range of lifting magnets as part of its ongoing expansion of the OEM attachments it offers for its material handlers.

According to SENNEBOGEN LLC, the company is advancing its intentions to offer comprehensive material handling solutions to its clients. The line of 4-tine and 5-tine scrap grapples and mag-grapples for scrap and recycling operations will be completed by the series of lifting magnets from SENNEBOGEN.

Scrap magnets made by SENNEBOGEN are created to maximise both the magnet's lifespan and the lifting power of the material handling machinery.

The new magnets are engineered and purpose-built to fit the processing capacity, material densities, and duty-cycle profile of the particular operation of the customer, just like SENNEBOGEN material handlers. The SENNEBOGEN lifting magnets will be offered through all SENNEBOGEN equipment distributors coast to coast in a variety of standard sizes ranging from 30" to 72".

NEW PRODUCT LAUNCH 

Deep field handling magnets from the CANMAG Heavy Duty 230V DC Scrap Handling Magnet Series are highly durable and made with a cast steel shell, a bottom plate made of manganese steel, and ribbing for added safety. Completely secure terminals with plug-in leads and a protective cover.

The strongest magnetic lifts are provided by this 230 volt DC device, which is wound with a sturdy aluminium coil and appropriate for use in harsh daily conditions.

The heavy-duty fabricated steel shell and manganese steel bottom plate used in the construction of the CANMAG Light Duty 12 and 24V DC Scrap Handling Magnets Series provide additional protection. Aluminum coil wound for operation at 60 to 75% duty cycle at 12 or 24 volts DC.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Global scrap lifting magnet Market right now and how will it change in next 5-6 years? 
2. Average cost to set up a Global scrap lifting magnet Market in US, Europe and China?
3. How manyGlobal scrap lifting magnet Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally? 
5. Cost breakup of a Global scrap lifting magnet Market and key vendor selection criteria
6. Where is theGlobal scrap lifting magnet Market manufactured? What is the average margin per equipment?
7. Market share ofGlobal scrap lifting magnet Market manufacturers and their upcoming products
8. The most important planned Global scrap lifting magnet Market in next 2 years
9. Details on network of majorGlobal scrap lifting magnet Market and pricing plans
10. Cost advantage for OEMs who manufactureGlobal scrap lifting magnet Market in-house