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The Collaborative International Dictionary
Demagnetizer

Demagnetize \De*mag"net*ize\, v. t.

  1. To deprive of magnetic properties; to render nonmagnetic. See Magnetize.

    If the bar be rapidly magnetized and demagnetized.
    --Am. Cyc.

  2. To free from mesmeric influence; to demesmerize. [archaic] [1913 Webster +PJC] -- De*mag`net*i*za"tion, n. -- De*mag"net*i`zer, n.

Wiktionary
demagnetizer

n. Any device (often a furnace) that is used to remove magnetization