Global Magnetic Sheet Floaters Market Size By Product, By Application, By Geographic Scope And Forecast

Magnetic Sheet Floaters Market Size And Forecast

Magnetic Sheet Floaters Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The rise in adoption of electromagnetic sheet floaters fueling the growth of the market. Increasing demand for magnetic sheet floaters from the automotive and steel industry driving the growth of the market. The Global Magnetic Sheet Floaters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Magnetic Sheet Floaters Market Definition

Magnetic sheet Floaters are also called Magnetic sheet separators, fanner magnets, or magnetic sheet fanners. They ensure that the production process runs smoothly by ensuring that the steel sheets are picked up one at a time. Throughout the years, the permanent magnetic force remains constant. Magnetic Sheet Floaters keep sticky or oily steel sheets separated and prevent two sheets from being picked up at once. Placing the Magnetic Sheet Floaters near the sheet stack will attract the top sheet, making it look as though it is floating above the stack.

This enables users to easily separate one sheet from a stack of sheets without getting their hands dirty. Magnetic Sheet Floaters are excellent tools for handling sheets. Simply position the Magnetic Sheet Floater near the stack of sheets, and the Magnet will attract the top sheet, creating the appearance that it is floating above the stack. This allows the user to obtain a good grip on the sheet and hold it. No more picking a sheet from a stack of sheets, no more sliding sheets about to achieve the exact grip with this device.

Choosing the right floater depends on the factors such as Thickness of the sheet, Dimensions of the sheet, Height of the pile, Surface quality of the sheet, Sheet conditions (humidity, oil). The separator’s height has to be sufficient to exceed the stack height of the sheets. To achieve proper separation, the floater must be higher than the pile of sheets. Per floater, the maximum surface to separate is for normal sheets with a surface area of up to 0.3 m2, for sheets with oil up to 0.15 m². More separators will be needed around the pile if the sheets are to be removed using an automatic process.

Global Magnetic Sheet Floaters Market Overview

The rise in adoption of Electromagnetic Sheet Floaters fueling the growth of the market. When destacking steel sheet stock, Magnetic Sheet Fanners (Separators) are designed to reduce costs and increase safety. The sheets are automatically separated by a powerful electromagnetic field. The sheet moves up as quickly as the top sheet is removed. Sheet Fanners are used in automated sheet handling operations to prevent die-damaging and double-blanking. The Electromagnetic Sheet Fanners’ on/off capability ensures operator safety during steel blank stacking and unbinding. When sheets are not fanned, this on/off switch makes cleaning around magnets easier. Electromagnetic fanners are controlled to operate in combination with other destacking equipment in automated presses.

They’re intended to boost productivity while also ensuring employee safety in sheet-handling operations. When handling oily, sticky, or pre-finished sheet stock in an automated stamping, forming, or shearing operation, these magnets can save time and money by eliminating doubles. Increasing demand for Magnetic Sheet Floaters from the automotive and steel industry driving the growth of the market. Magnetic sheet floaters are used for lifting steel sheets from a pile and keeping them suspended in the air. Magnetic blocks specially designed for this purpose are placed on one or more sides of the pile sheets to separate the sheets. They’re extremely well-suited to machine feeding, either manual or mechanized.

An anisotropic magnet system is installed within the stainless-steel casing of these floaters. The steel backplate keeps the casing and the magnets in position. Each unit can be mounted or free-standing in the workplace. When the pile of sheets is placed in the magnetic field (on the magnet’s operative face), the sheets take up their individual positions automatically. However, High initial capital investment for electromagnetic sheet floaters may restrain the growth of the Magnetic Sheet Floaters Market. Furthermore, rapid industrialization and growth of the automotive industry in the developing region of the Asia Pacific offer lucrative growth opportunities for Magnetic Sheet Floaters Market expansion.

Global Magnetic Sheet Floaters MarketSegmentation Analysis

The Global Magnetic Sheet Floaters Market is segmented on the basis of Product, Application, And Geography.

Magnetic Sheet Floaters Market, By Product

• Permanent• Electromagnetic

Based on Product, The market is segmented into Permanent and Electromagnetic. Permanent Magnetic Fanners handle steel sheets of almost any length, width, or shape. Depending on sheet thickness and size, the sheets near the top of the stack separate instantly from a 3/4″ to 1-1/2″ gap. Operator safety is ensured by the on/off capability of Electromagnetic Sheet Fanners during steel blank stacking and unbending. Electromagnetic fanners in automated presses can be configured to run in combination with other destacking equipment. Electromagnetic Sheet Fanners require a specialized power source that can run one or many fanners at the same time. These power supplies can have a variable output to adjust the magnetic strength to handle different metal thicknesses.

Magnetic Sheet Floaters Market, By Application

• Automotive• Steel Industry• Others

Based on Application, The market is segmented into Automotive, Steel Industry, and Others. The Automotive segment is expected to grow at a significant rate during the forecasted year. This is owing to the rising demand for Automotive led to growth in the industry at a faster pace.

Magnetic Sheet Floaters Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Magnetic Sheet Floaters Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific segment is expected to grow at a faster pace during the forecasted years. This is owing to the rapid industrialization and rapid growth in the automotive industry in this region.

Key Players

The “Global Magnetic Sheet Floaters Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are MPI, Goudsmit Magnetics, Walker Magnetics, Kanetec, Bunting Magnetics, Eriez, IMI, Storch Magnetics, BRAILLON MAGNETICS, WAMAG, MAGSY, SOLLAU, Eclipse Magnetics.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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