Nano Crystalline Soft Magnetic Materials Market Expected to Secure Notable Revenue Share during 2018-2028|| Top Market players- Hitachi Metals Ltd., MH&W International Corp, Bomatec, MK Magnetics
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Leading players in the market are expanding their production capacity to cater growing demand for soft magnetic materials with high-performance characteristics. Hitachi, the pioneer of nano-crystalline soft magnetic materials, in 2017, announced its plan of tripling its production capacity of Finemet nano-crystalline soft magnetic material. The company aims at completion of boosting its production capacity by 2018-end. A new FactMR study has envisaged the nano-crystalline soft magnetic materials market to reflect a splendid 10.1% value CAGR in the period of forecast, 2018 to 2028.
Nano-Crystalline Soft Magnetic Materials Complement Development of Next-Gen Noise Suppression Solutions
Innovative soft magnetic materials have become the new normal in electrical engineering, thereby leading to advanced component developments. Toroidal tape-wound cores produced by using nano-crystalline soft magnetic materials such as Vitroperm have been deemed highly effective for interference suppression in common-mode chokes (CMC). Vitroperm has established itself as universal solution for various EMC problems via its incorporation of affordable alloy constituents and large-scale production lines.
Leading industry stakeholders, such as SCHURTER, have expanded their range of existing compensated chokes with the high-current types for use in PCB mounting. The new DKIH series of SCHURTER incorporates a nano-crystalline core, which imparts higher inductance (8x) than the ferrite core versions when placed in similar compact dimension. Open designs are a key focus area among producers of chokes having nano-crystalline soft magnetic materials as their core, which in turn suppress electromagnetic interference (EMI) noise produced by power applications on PCB.
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Nano-Crystalline Soft Magnetic Materials: Opportunities Abundant in Automotive and Power Transmission Applications
Electrical systems have perceived increased penetration in automobiles for catering demands of enhanced vehicle reliability and energy efficiency. Compact electrical components are being used as a replacement for large components such as inductors. Inclining interest of automotive manufacturers toward compact dimensions to optimize the operational efficiency of vehicles will create huge opportunities for nano-crystalline soft magnetic materials in the upcoming years. One such fast-emerging application is electro-mobility, wherein these materials are used to counter EMI noise as well as in next-generation semiconductors that include GaN and SiC.
Relatively lower energy loss at low frequency is a distinguishing property of nano-crystalline soft magnetic materials, which has extended their application scope into transformers. These materials tackle energy loss issues faced in transformers, while enabling downsizing of the system. High magnetic permeability, along with robust flux density, of nano-crystalline soft magnetic materials has propelled their employment in power transmission industry, witnessing increased used as transformer cores. Upward trend toward energy conservation has further attracted transformer manufacturers’ interest in using nano-crystalline soft magnetic materials for large transformers.
Albeit nano-crystalline soft magnetic materials market is at its nascent phase, increased exploration efforts by researchers worldwide is likely to expand the application potential of these materials. Applications of these materials, currently based on singular property, are expected to perceive combination of various desirable properties in the foreseeable future.
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