Industrial Clutches and Brakes Market Vendors Analysis Report 2021 March 2017 | Page 2

conveyor. Therefore, manufacturers have started building high-rated backstop to meet these
requirements.
Further, the report states that one challenge in the market is the growing manufacturing cost
of neodymium magnets. Neodymium magnets are widely used in safety brakes for holding
emergency stops. These magnets are popular due to their inherent properties of resisting
demagnetization and high saturation magnetization.
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