Neodymium iron boron magnets can be used for industrial automation products. Industrial magnets are primarily composed of magnet components and other materials like metals and plastics. They are mainly applied in various types of motors, stators, rotors, generators, engines, couplings, elevators, separators, filters, tools, and electric vehicles. Due to their inherent characteristics and performance, neodymium iron boron magnets are mainly employed in electric motors and generators.