Could magnetic refrigeration technology be the future of cooling?

Could magnetic refrigeration technology be the future of cooling?
The innovative method of magnetic refrigeration for cooling uses magnetic fields to manipulate the temperature of certain materials. It has the potential to play a significant role in the future of buildings as it is energy efficient and environmentally friendly.
In fact, these systems operate without the need for compressors or refrigerants, being 30% more efficient compared to their conventional counterparts. The fact of not using refrigerants means that they do not use harmful and pollutant substances, reducing the environmental footprint of these cooling systems.
With the increasing demand for cooling, the potential market for magnetic refrigeration technology is wide. However, there are still some challenges to be overcome.