“…At the present time, a large number of the intermetallic alloys and compounds including Gd–Si–Ge, Fe–Rh, La–Fe–(Si,Al), Mn–Ga–(C,N), Mn–Fe–(P,As), and Ni–Mn–(Ga, In, Sn, Sb) are also promising candidates in magnetic cooling technology . From this series of materials, the ferromagnetic Ni–Mn‐based Heusler alloys have been widely studied due to their potential applications as multifunctional materials possessing the magnetic shape memory effect, superelasticity, magnetic‐field‐induced strains, the direct and inverse MCE, the large magnetoresistance, Hall effect, etc.…”