What new industries can neodymium iron boron ferromagnetic magnets be used in?

In recent years, the rare earth permanent magnet industry is at a high-speed development stage, mainly because a large number of emerging industries have a great demand for neodymium magnets. For example, the new energy vehicle industry has been very hot in the past two years. It is said that there are hundreds of places on the new energy vehicles that need magnets. In the field of energy conservation and environmental protection, such as wind turbines, energy-saving variable frequency air conditioners, energy-saving elevators, robots, etc., there is a growing demand for rare earth permanent magnets.

Other industries, such as the instrument and meter industry, have also shown a high-speed growth trend. According to authoritative reports, the cumulative number of instrument and meter patents has increased by 27.7% annually in the past five years. There is also a very high demand for strong magnetism in instruments.

Other products such as motor can not be separated from permanent magnets, especially for motors requiring high permeability, neodymium iron boron is indispensable.

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