Press release
Soft Magnetic Composites (SMCs) Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period| Market players Rio Tinto PLC, GKN plc., Voestalpine Stahl GmbH, Toshiba Corp, Höganäs AB
Request for a Free Sample of this report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2543
The report on the soft magnetic composites market provides valuable and actionable insights on the market along with the forecast. Historical data and important factors impacting the growth of the soft magnetic composites market is also offered in the report. Market dynamics including market drivers, key trends, factors hampering growth, and growth opportunities in the soft magnetic composites (SMCs) across regions is provided in the report.
The report on the soft magnetic components market also offers region-wise analysis, segment-wise analysis, and competitive analysis. Details on leading companies along with the market share of each company and new developments in the soft magnetic composites market is included in the report.
Notable Highlights:
GKN plc is planning to divest GKN Powder Metallurgy including GKN Sinter Metals and Hoeganages as a part of new business strategy. The strategy has three agendas linked to it, namely, delivering distinct product development strategies via focused performance targets and rigorous capital allocation; establishing greater accountability-based delivery culture; and separate operationally post-maximizing the shareholder value.
Sumitomo Metal Mining Co., Ltd. has acquired a 30% stake in Quebrada Blanca Phase 2 (QB2) copper project of the Teck Resources Ltd. in Chile. QB2 is the second phase of Quebrada Blanca copper mine in Chile.
Hitachi Metals Ltd, along with the Singapore Institute of Manufacturing Technology, has established SIMTech-Hitachi Metals Additive Manufacturing Joint Lab for metal additive manufacturing. The company also announced a price increase due to the sharp rise in the cost of raw materials used in magnetic materials, specialty steel, and other components.
Soft magnetic composites (SMCs) are emerging as a new option to improve motor performance and design in various industries. Next generation motors are being designed using soft magnetic composites (SMCs) including improved magnetic properties, 3D flux paths, and custom geometries.
Get Access To TOC Covering 200+ Topics @ https://www.factmr.com/report/2543/soft-magnetic-composites-market
Emphasis on Compact & Lightweight Components in Electric Vehicles to Fuel Demand
As eco-friendly vehicles, including electric and plug-in hybrid cars, become increasingly palpable worldwide, demand for compact and lightweight auto components has been on an upward spiral. This has further led electric vehicle manufacturers in using soft magnetic composites core to boost the converter of motor drive system in hybrid electric vehicles.
Switched Reluctance Motor (SRM) is gaining popularity as an alternative to the conventional motors, such as DC motor or induction motor, in electric vehicles owing to its low cost, robust, and simple construction, along with fault tolerance attribute. Soft magnetic composites (SMCs) seek application in SRMs to deprive the low frequency torque ripple resulting from asymmetric mutual coupling between adjacent phases.
The modular stator and rotor structure made using soft magnetic composites further eliminates the flux reversals in SRM and reduces the core loss, thereby reducing the manufacturing cost of SRM. Additionally, New Axial Flux Permanent Magnet (AFPM) motor, with its stator composed of soft magnetic composites and laminated steel, have emerged as an efficient solution for power transmission in electric vehicles. Growing manufacturer focus on developing a prototype of AFPM motor for testing in electric vehicles, will further create significant opportunities for soft magnetic composites in the near future.
Tier 1 Players Hold Over50% Share in Soft Magnetic Composites (SMCs) Market
Tier 1 players collectively hold over 50% share of the soft magnetic composites market. Established market footprint of Tier 1 soft magnetic composite manufacturers can be attributed to their robust distribution network and technological expertise. These players are further focusing on production capacity expansion, and mergers & acquisitions with medium-sized players to leverage their innovative development as key expansion strategies. On the other hand, Tier 2 players are competing through new product launches and development of cost-effective alternatives to retain their position in the soft magnetic composites market.
Hoeganaes, Hitachi Metals Ltd, Sumitomo Metal Mining Co., Ltd., and GKN plc. (Hoeganaes Corporation) are some of the leading players in the soft magnetic components market.
Grow Your Business from Experts Advice @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2543
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soft Magnetic Composites (SMCs) Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period| Market players Rio Tinto PLC, GKN plc., Voestalpine Stahl GmbH, Toshiba Corp, Höganäs AB here
News-ID: 1724973 • Views: …
More Releases from Fact.MR
2036 Global Freeze-dried Pea Isolates Market Intelligence Report: Technology Shi …
The global freeze-dried pea isolates market is projected to witness robust expansion through the next decade as food manufacturers and consumers increasingly seek high-quality, plant-based protein ingredients that support clean-label products and sustainable nutrition. In 2025, the freeze-dried pea isolates market is valued at USD 1.1 billion, and it is expected to reach USD 2.8 billion by 2035, representing an absolute increase of USD 1.7 billion over the forecast period.…
Executive Report: Future of the Global High-concentrated Protein Market - Key Dr …
The global high-concentrated protein market is anticipated to record significant expansion over the next decade as consumer awareness of protein's nutritional benefits rises across food & beverage, Food supplements, sports nutrition, clinical nutrition, and animal feed sectors. Driven by trends toward healthy lifestyles, balanced diets, and functional food formulations, demand for concentrated protein ingredients is expected to further increase as individuals and manufacturers alike prioritise high-quality protein sources.
Industry analyses indicate…
Hydrogen Vehicles Market Forecast 2026-2036: Market Size, Share, Competitive Lan …
The global hydrogen vehicles market is projected to experience substantial growth over the next decade as manufacturers, governments, and consumers increase investments in zero-emission transportation technologies. In 2025, the hydrogen vehicles market is valued at USD 12.5 billion, and it is expected to reach USD 47.8 billion by 2035, reflecting an absolute increase of USD 35.3 billion over the forecast period. This expansion corresponds to a compound annual growth rate…
Motor Soft Starter Market Outlook 2026-2036: Strategic Trends, Innovation Driver …
The motor soft starter market is poised for significant growth over the next decade as industries seek to improve electric motor performance, reduce mechanical stress, and enhance energy efficiency in industrial operations. In 2025, the motor soft starter market is valued at USD 2.8 billion, and it is projected to reach USD 6.9 billion by 2035, representing an absolute increase of USD 4.1 billion over the forecast period. This growth…
More Releases for Soft
Soft Robotic Gripper Market Size, Trends Analysis 2033 by Key Vendors- SoftGripp …
USA, New Jersey: According to Verified Market Reports analysis, the global Soft Robotic Gripper Market sizewas valued at USD 1.2 Billion in 2024 and is estimated to reach USD 5.7 Billion by 2033, growing at a CAGR of 18.6% from 2026 to 2033.
How AI and Machine Learning Are Redefining the Future of the Soft Robotic Gripper Market?
AI and machine learning are accelerating a new era of intelligent automation, enabling soft…
Robot Soft Gripper Market
Robot Soft Gripper Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 15.6% from 2026 to 2033.
What are the potential factors contributing to the growth of the robot soft gripper market?
The growth of the robot soft gripper market is driven by several key factors. Increasing adoption of automation across various industries such as electronics,…
Soft Drink Concentrates Market
Introduction
The soft drink concentrates market plays a pivotal role in the global beverage industry. These concentrates are primarily used to prepare soft drinks, offering a cost-effective and efficient way for manufacturers to produce various beverages. Soft drink concentrates are essentially flavored syrups or powders that, when mixed with water or carbonated water, create popular soft drinks. The market for these concentrates has seen remarkable growth in recent years, driven by…
Soft Robot Technology Market Upcoming Trend & Positions 2027 | Cyberdyne, Soft R …
Soft Robot Technology Market Strengths, Weaknesses, Opportunities, and Threats analysis.
Demanding Market Research Report on Global Soft Robot Technology Market conducted by a team of industry specialists. The report covers briefly the products or services in the market and their application. The report also provides data on the technological advancements taking place in the Soft Robot Technology market, helping the market vendors to increase their business productivity and operational efficiency. The…
Soft Skills Management Market - Increasing Demand For Cloud-Based Soft Skill Tra …
According to a new market report published by Transparency Market Research, the global soft skills management market was valued at US$ 11,289.7 Mn in 2016 and is expected to expand at a CAGR of 11.9% from 2018 to 2026, reaching US$ 33,736.1 Mn by the end of the forecast period. According to the report, the global soft skills management market will continue to be influenced by a range of macroeconomic…
Suma Soft
Texas (USA), Canada (Toronto) & India (Business Network)— Suma Soft’s BPO for companies in USA, Canada and UK efficiently streamline business processes. Suma Soft has developed an integrated back-office system that assists these companies giving them round the clock support.
Credibility & Certification :
Suma Soft is an ISO 27001 and 9001 certified company which gives paramount importance to security, accuracy and quality while delivering BPO support services. We have a…
