Soft Magnetic Material Market Trends to Transform Next-Gen Power Conversion | Hitachi Metals.ltd, Toshiba Materials, GKN Sinter Metals inc

In many of the items we use every day, soft magnetic materials are used. Traditional soft magnetic materials have been utilized for more than or almost a century, including electronic iron, Si-steel, and soft ferrite. Even the most recent kinds of soft magnetic materials, such as amorphous and nanocrystalline alloys, have been produced for more than 40 years. The manufacturing process and alloy composition have continuously improved. For instance, the core loss at 1.7 T, 50 Hz was reduced from 1.2 to 0.7 W/kg, while the thickness of Si steel was reduced from 0.30 to 0.23 mm. The core loss falls to 0.21 W/kg as the sheet thickness is further reduced to 32 m.

Soft magnetic materials are those with a steep rising magnetization curve, a small and narrow hysteresis loop, and hence low energy losses for each cycle of magnetization. Because it improves the field created by the motor winding, soft magnetic material is frequently employed in motor applications. Moreover, iron-based materials, such as iron-silicon and iron-cobalt alloys, are mostly used in motor applications. Nowadays, motor components are primarily made using the powder metallurgical technique. Soft magnetic materials reduce eddy current loss, increasing the motors' efficiency.

Get a Sample PDF Copy of the Report:

https://exactitudeconsultancy.com/reports/17069/soft-magnetic-materials-market/#request-a-sample

**Note: Version 2023 has been updated.

What does this report offer?

Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.

Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.

Recent market developments and projected growth prospects, geographical reports that can be tailored to demand

What size is the Soft Magnetic Materials Market:

Global Soft Magnetic Materials Market growing at a CAGR of 8.5%, and it is expected to reach USD 53 billion by 2029, over the forecast period 2023-2029.

Drivers

Increasing demand of electric motors
Electric motor segments cover the largest revenue share of the overall market. Electric motors find many applications in numerous end-use industries included, electric vehicles, electric transmission, consumer electronics and medical equipment. In the manufacturing of medical devices and equipment such as hemodialysis machines, high-quality pumps, infusion pumps, compressors, respirators, centrifuges, scanners, and others used electric motors. The rising demand of electric motor in medical devices and many other equipment's are expected to increase the demand of soft magnetic material and drive the market growth rate.

Rising demand of soft magnetic material in automotive sector
The demand of soft magnetic material increases in automotive sector. During the forecast period, the automotive sector is projected to be the fastest-growing and largest end-user industry in the soft magnetic materials market. The major automotive applications include motors, compressors, anti-lock brake systems, fuel injectors and other rotating devices, which are expected to drive the market's growth rate.
Opportunities

Increase focus towards expansion
The major companies are generally shifting their focus towards developing new and innovative products and growing their production capacities into the soft magnetic material market to attain a competitive advantage. The development of nano-structured soft magnetic material is expected to come up with new applications which will create immense opportunities in soft magnetic material market.

Increase in investments by major market players
The growing investments by major market players further offer the numerous growth opportunities within the market. For instance, Hydro-Québec declared an investment in July 2019 for securing the growth of Dana TM4 in the electric powertrain industry. Dana TM4 is a joint venture company which has focussed on manufacturing and designing electric motors.

Restraints/Challenges

High Cost associated with the soft magnetic raw material
The growth of the soft magnetic material market is expected to be hindered by the unexpected fluctuations in the prices of soft magnetic raw material. As a result, it disrupted the supply chain of soft magnetic raw materials and pose a challenge for manufacturers.

Who are the key industry players?

Hitachi Metals.ltd, Toshiba Materials, GKN Sinter Metals inc, Sintex, Mate Co.Ltd, JFE Steel Group, Mahindra CIE, Meyer Sintermetal AG, Arnold Magnetic Technologies.

Recent Developments:

06-02-2023: - JFE Steel Corporation, which is expanding the electrical steel sheet capacity of its West Japan Works (Kurashiki Area) for startup targeted at the first half of the fiscal year starting in April 2024, announced today that it is now planning an additional expansion targeted at a startup in the fiscal year beginning April 2026

21-12-2022: - JFE Steel Corporation today announced that together with IHI Corporation it will conduct a demonstration test of an automated transport system using retrofitted vehicles at its East Japan Works (Keihin District) from February 2023, aiming to test all sections of the demonstration route within the fiscal year ending in March 2024.

What precisely is market segmentation?

Soft Magnetic Materials Market By Type, 2020-2029, (USD Billion) (Tons)

Soft Ferrite

Electrical Steel

Cobalt

Soft Magnetic Materials Market By Application, 2020-2029, (USD Billion) (Tons)

Motor

Transformer

Alternator

Soft Magnetic Materials Market By End-User, 2020-2029, (USD Billion) (Tons)

Automotive

Electronics & Telecommunication

Electrical

Soft Magnetic Materials Keyword Analysis by Regions - Global Version

- North America (the United States, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)

- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)

- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)

This report contains detailed quantitative assessments of the Soft Magnetic Materials market as well as recommendations for building strategies to assist market success and growth.

Click to get exclusive facts, information, crucial statistics, trends & Detailed TOC:

https://exactitudeconsultancy.com/reports/17069/soft-magnetic-materials-market/

Table of Content:

1 Study Reporting
1.1 Soft Magnetic Materials Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Soft Magnetic Materials Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Soft Magnetic Materials Market Size
2.1.1 Global Soft Magnetic Materials Revenue
2.1.2 Global Soft Magnetic Materials Production
2.2 Soft Magnetic Materials Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Soft Magnetic Materials Manufacturers
2.3.2.1 Soft Magnetic Materials Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered

2.3.2.3 Date of Manufacturers Enter into Soft Magnetic Materials Market
2.4 Key Trends for Soft Magnetic Materials Markets & Products

3 Market Size by Manufacturers
3.1 Soft Magnetic Materials Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Soft Magnetic Materials Production by Regions

4.1 Global Soft Magnetic Materials Production by Regions
4.1.1 Global Soft Magnetic Materials Production Market Share by Regions
4.1.2 Global Soft Magnetic Materials Revenue Market Share by Regions
4.2 United States
4.2.1 United States Soft Magnetic Materials Production
4.2.2 United States Soft Magnetic Materials Revenue
4.2.3 Key Players in United States
4.2.4 United States Soft Magnetic Materials Import & Export
4.3 Europe
4.3.1 Europe Soft Magnetic Materials Production
4.3.2 Europe Soft Magnetic Materials Revenue
5 Soft Magnetic Materials Consumption by Regions
5.1 Global Soft Magnetic Materials Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Soft Magnetic Materials Breakdown Dada by Application
7.2.1 Global Soft Magnetic Materials Consumption by Application

7.2.2 Global Soft Magnetic Materials Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Soft Magnetic Materials Production and Revenue Forecast
9.1.1 Global Soft Magnetic Materials Production Forecast
9.1.2 Global Soft Magnetic Materials Revenue Forecast
9.2 Soft Magnetic Materials Production and Revenue Forecast by Regions
9.2.1 Global Soft Magnetic Materials Revenue Forecast by Regions
9.2.2 Global Soft Magnetic Materials Production Forecast by Regions
9.3 Soft Magnetic Materials Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Soft Magnetic Materials Production Forecast by Type
9.4.2 Global Soft Magnetic Materials Revenue Forecast by Type

10 Consumption Forecast
10.1 Soft Magnetic Materials Consumption Forecast by Application
10.2 Soft Magnetic Materials Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Soft Magnetic Materials Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Soft Magnetic Materials Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Soft Magnetic Materials Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Soft Magnetic Materials Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Soft Magnetic Materials Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Soft Magnetic Materials Sales Channels
11.2.2 Soft Magnetic Materials Distributors
11.3 Soft Magnetic Materials Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Soft Magnetic Materials Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

Benefits of Buying Market Research Reports:

Enhanced Decision-Making: Market research reports offer valuable insights into industry trends, customer behavior, and competitor analysis, enabling businesses to make well-informed decisions regarding product development, pricing strategies, and marketing campaigns.
Competitive Edge: By identifying market gaps and opportunities, market research reports give businesses a competitive advantage, allowing them to stand out from competitors and secure a larger market share. This advantage can be crucial in driving growth and achieving success.
Industry Expertise: Market research reports are prepared by industry experts with an in-depth understanding of the market and its dynamics. They provide unbiased and objective views of the industry, offering businesses valuable knowledge to gain a deeper understanding of the market landscape.
Time and Cost Savings: Conducting comprehensive market research can be a time-consuming and expensive process. However, by purchasing market research reports, businesses gain access to ready-made, comprehensive analyses, saving valuable time and resources that can be allocated to other essential tasks.
Effective Risk Management: Market research reports play a vital role in managing risks associated with market entry, product development, and expansion. By offering detailed analyses of the market and its trends, these reports enable businesses to make informed decisions that minimize risks and maximize returns on investments.

The study of the effects of the Russia-Ukraine War and COVID-19 on Soft Magnetic Materials industry will be added to the final report.

The market for Soft Magnetic Materials has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Soft Magnetic Materials Market, a range of approaches and analysis are utilized in the study.

About Us:

Exactitude Consultancy is a Market Research And consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Connect us on:

Youtube:  https://www.youtube.com/@exactitudeconsultancy8633

LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/

Twitter: https://twitter.com/ExactitudeCons

Contact Number +1 (704) 266-3234

Email: sales@exactitudeconsultancy.com

This release was published on openPR.