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Degaussing System Market Report: Trends, Insights, and Forecast for 2030

Degaussing System Market Report: Trends, Insights, and Forecast for 2030

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According to the study by Next Move Strategy Consulting, the global Degaussing System Market is predicted to reach USD 1.47 billion with a CAGR of 3.6% by 2030.

Degaussing system refers to a type of system that helps in reducing unwanted magnetic fields stored in reels, hard drives, diskettes, computers, and cartridge tapes. 

The demand for degaussing system is increasing due to its growing significance in naval warfare and increasing adoption by the maritime forces of several countries such as China, the U.S, Russia, and others owing to its demagnetizing properties that defend ships from underwater mines.

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