Press release
Soft Magnetic Materials Market Size, Share, Development by 2023
Soft magnetic materials are those materials that are easily magnetised and demagnetised. They are used primarily to enhance and/or channel the flux produced by an electric current.
Soft magnetic materials are used extensively in power electronic circuits, as voltage and current transformers, saturable reactors, magnetic amplifiers, inductors, and chokes. These magnetic devices may be required to operate at only 50/60 Hz, or at frequencies down to dc or over 1 MHz.
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Global Soft Magnetic Materials Market: Forecast by Type / Application / Region
Soft magnetic materials are used extensively in power electronic circuits, as voltage and current transformers, saturable reactors, magnetic amplifiers, inductors, and chokes. These magnetic devices may be required to operate at only 50/60 Hz, or at frequencies down to dc or over 1 MHz
The Global Soft Magnetic Materials Market Research Report 2017 is a professional and in-depth study on the current state of the Soft Magnetic Materials market. Annual estimates and forecasts are provided for the period 2016 through 2022. Also, a six-year historic analysis is provided for these markets.
At present, in developed countries, the Soft Magnetic Materials industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Soft Magnetic Materials production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
There are many small size manufacturers in this industry. The global Soft Magnetic Materials industry has reached a production volume of approximately 420341 Tonnes in 2016. The global Soft Magnetic Materials industry has reached the production value of approximately 2219 million USD in 2016. The key manufacturers include TDK, DMEGC, JPMF, TDG, HEC GROUP, VACUUMSCHMELZE, MAGNETICS, KaiYuan Magnetism Material, NBTM NEW MATERIALS, Acme Electronics and Nanjing New Conda Magnetic Industrial Co.,Ltd.
With the rapid growth of the national economy as well as the rapid development of downstream industries, consumer electronics product keep stable growth in china, the automobile electronics is also growing in the downturn global economy situation. Chinese Ferrite Cores market demand is exuberant, which provide a good opportunity for the development of Ferrite Cores market and technology.
Although Soft Magnetic Materials brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Soft Magnetic Materials will register a 1.1% CAGR in terms of revenue, reach US$ 2390 million by 2023, from US$ 2260 million in 2017.
Global Soft Magnetic Materials Market: Key Players
TDK
DMEGC
VACUUMSCHMELZE
MAGNETICS
TDG
Acme Electronics
FERROXCUBE
Nanjing New Conda
Haining Lianfeng Magnet
HEC GROUP
JPMF
KaiYuan Magnetism
NBTM NEW MATERIALS
Samwha Electronics
Toshiba Materials
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Related Information:
United States Soft Magnetic Materials Market Research Report 2018
Europe Soft Magnetic Materials Market Research Report 2018
North America Soft Magnetic Materials Market Research Report 2018
Asia-Pacific Soft Magnetic Materials Market Research Report 2018
China Soft Magnetic Materials Market Research Report 2018
EMEA Soft Magnetic Materials Market Research Report 2018
Global Soft Magnetic Materials Market Research Report 2018
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