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Nano-Crystalline Soft Magnetic Materials Market: Application Lucrativeness of Nano-Crystalline Soft Magnetic Materials in Transformers Likely to Soar Higher || Key Players: MK Magnetics, Bomatec, MH&W International Corp, Hitachi Metals Ltd.
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Research interests in nano-crystalline soft magnetic materials have surged on the coattails of their unique microstructure and attractive magnetic properties. Innovative nano-crystalline soft magnetic materials have been spearheading electrical and electronics engineering since the recent past. Fact.MR’s recent study foresees the global nano-crystalline soft magnetic materials market to record a spectacular 9.8% volume CAGR between the forecast period 2018 and 2028.
Distinguishing feature of nano-crystalline soft magnetic materials – low energy loss at low frequencies – has paved new avenues for their application in transformers. Transformers using electrical steel core illustrate higher energy loss owing to high frequency ranges. Downsizing the system entails challenges such as suppression of temperature rise on account of energy loss.
Currently, these materials seek extensive adoption for application in electrical appliances and transmission, which significantly account for electricity consumption worldwide. Soft magnetic materials with high Fe content, which feature nanoheteromorphous self-organizing structure, are being increasingly employed in electrical transport, as an effective means to reduce worldwide electricity consumption.
In-depth insights compiled in the report provides quantitative and qualitative analysis on the nanocrystalline magnetic materials market, offering a 360-degree view on the recent market developments and trends and its impact on the growth prospects of the market over the coming years. Perspectives encapsulated in the research report offers important insights on the microeconomic and macroeconomic factors that are impacting the purchase decisions of the customers and reflecting on the brand perception of the companies. Detailed insights offered in the report discusses the key determinants, lucrative opportunities, threats, and deterrents that will influence growth and progress of the leading players in the market during the assessment period. The report also provides with crucial information along with an accurate analysis pertaining to the overall impact of the growth of various segments on the nano-crystalline magnetic materials market, which can help the stakeholders and investors in implementing important investment decisions. Valuable insights provided in the report identify various segments that include classification type, end-use industry, application, and region.
High flux density and magnetic permeability of nano-crystalline soft magnetic materials has gained widespread attention of electrical transmission industry, with regard to their use in transformer cores. Application of nano-crystalline soft magnetic materials in transformer cores in switched-mode power supplies, ISDNs and chokes are already being commercialized across the globe. Increased emphasis on energy conservation is likely to drive their demand in design of larger transformers in the foreseeable future.
The report also provides with crucial information along with an accurate analysis pertaining to the overall impact of the growth of various segments on the nano-crystalline magnetic materials market, which can help the stakeholders and investors in implementing important investment decisions. Valuable insights provided in the report identify various segments that include classification type, end-use industry, application, and region.
Leading players in the market are expanding their production capacity to cater characteristics. Hitachi, the pioneer of nano-crystalline soft magnetic materials, in 2017, announced its plan of tripling growing demand for soft magnetic materials with high-performance its production capacity of Finemet nano-crystalline soft magnetic material. The company aims at completion of boosting its production capacity by 2018-end.
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