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Current Technological Advancements on Global Soft Magnet Powder Market SWOT Analysis & Technological Innovation by Leading Industry Experts - SG Technologies Ltd, Vacuumschmelze GmbH & Co Ltd, Steward Advanced Materials, Mate Co Ltd, GKN Sinter Metals, Hi
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According to the new energy standards, which comprises greater dependence on renewable energy sources and energy efficient motors & machines, has fast-tracked research in the development of soft magnet powder for energy-related technologies. New materials with higher energy competence include soft ferrite, electrical steel, amorphous steel, cold-rolled lamination steel, cobalt, silicon steels, low carbon steel alloy, aluminum, phosphorus, chromium, and sintered iron powder.
An energy paradigm shift to implementing usage of renewable energy sources and government regulations encouraging to use energy efficient systems is expected to drive the market growth. A rise in sustainability concerns and awareness toward the reduction of greenhouse gas emissions leads to extensive R&D in the field of soft magnet powder, which fuels the market growth. In addition, increase in the application of soft magnet powder in various end-use industries further fuel the market growth.
In the automotive industry, soft magnetic powder is used to manufacture induction coils and fuel injectors in diesel engines. In the electrical industry, it finds applications in the production of stators of claw pole motors, brushless DC motors, brushed DC motors, stepper motors, switch reluctance motors, transformers, and alternators. However, volatile prices of raw materials restrain the market growth. Increase in demand for soft magnet powder from emerging economies such as China, India, Brazil, and others are expected to open new avenues for the market player.
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The report on the global soft magnet powder market exclusively focuses on material, application, end-use industry, and geography. Based on the materials, the market is classified into soft ferrite, electrical steel, amorphous steel, cold-rolled lamination steel, cobalt, silicon steels, low carbon steel alloy, aluminum, phosphorus, chromium, and sintered iron powder. On the basis of application, it is divided into alternators, motors transformers, electromagnets, solenoids, relays, choke coils, loudspeakers, earphones, and others. By end-use industry, it is categorized into electrical, electronics & telecommunications, automotive, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in this study include:
• SG Technologies Ltd.
• Vacuumschmelze GmbH & Co., Ltd.
• Steward Advanced Materials
• Mate Co., Ltd.
• GKN Sinter Metals
• Hitachi Metals Ltd.
• Sintex A/S
• Toshiba Materials Co Ltd.
• AMES SA
• Daido Steel Co Ltd.
Key Benefits
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global soft magnet powder market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends as well as quantitative analysis for the period of 20162023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the materials useful for producing soft magnet powder and its application.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.
Soft Magnet Powder Market Key Segmentation:
By Materials
Soft Ferrite
Electrical Steel
Amorphous Steel
Cold-Rolled Lamination Steel
Cobalt
Silicon Steels
Low Carbon Steel Alloy
Aluminum
Phosphorus
Chromium
Sintered Iron Powder
By Application
Alternators
Motors Transformers
Electromagnets
Solenoids
Relays
Choke Coils
Loudspeakers
Earphones
Others
By End-Use Industry
Electrical
Electronics & Telecommunications
Automotive
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Africa
Saudi Arabia
UAE
Rest of LAMEA
About Us:-
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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