[Latest]New Research Report Highlights Degaussing System Market’s Growing Value of US$ 943.2 Million by 2032-By PMI

covina, May 24, 2023 (GLOBE NEWSWIRE) — Degaussing System Market is estimated to be US$ 943.2 Million by 2032 with a CAGR of 4.0% during the forecast period

Degaussing System is a specialized technology used to neutralize or eliminate the magnetic field of objects or equipment. The term “degaussing” originates from the process of demagnetizing a material by applying a reverse magnetic field to it. Degaussing systems find applications in various fields, including electronics, data security, military, and marine industries. The primary purpose of a degaussing system is to remove or reduce unwanted magnetic fields. Magnetic fields can interfere with the operation of electronic devices, distort data stored on magnetic media, or cause malfunctions in sensitive equipment.

In the field of electronics and data security, degaussing systems are used to erase data from magnetic storage media such as hard disk drives (HDDs), magnetic tapes, and floppy disks. These systems generate a strong and varying magnetic field that completely erases the data stored on these media, ensuring data confidentiality and preventing unauthorized access or data recovery.

The degaussing system market deals with the production, distribution, and utilization of degaussing systems. Degaussing systems are devices used to demagnetize or degauss magnetic media, such as hard drives, tapes, and other electronic storage devices. These systems are designed to erase or render data unreadable from magnetic media, ensuring secure disposal or reuse of the devices.

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Degaussing System Market, By Solution (Degaussing, Ranging, Deperming), By Vessel Type (Small Vessels, Medium Vessels and Large Vessels), By End User (Original Equipment Manufacturer, Aftermarket, and Services), and, By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Trends, Analysis and Forecast till 2032

Key highlights

In January 2022, Larsen & Turbo limited announced the development of advanced defense technologies for Indian Defense forces. The company offers repair and installation services in addition to degaussing the outer surfaces of cargo and oil tanker ships. 
In November 2021, Under the …

Full story available on Benzinga.com

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