openPR Logo
Press release

Continual Inventions To Accelerate The Soft Magnetic Materials Market

Continual Inventions To Accelerate The Soft Magnetic Materials

Global sales of soft magnetic materials surpassed the market value of US$ 60 Bn in 2018. Though the demand will be concentrated in automotive industry, increasing use of soft magnetic materials in electrical components and use of sintered soft magnetic materials for electrical motors, generators, and transformers warrant high prospects of soft magnetic material consumption in the near future. A new Persistence Market Research (PMR) study reveals that the soft magnetic materials market is set for a robust CAGR during projection period (2019 – 2029), on the back of solid application potential in electric and hybrid electric vehicles that have been reflecting significant sales growth over the recent past.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/14842

Company Profiles:

Rio Tinto PLC
GKN Powder Metallurgy
Höganäs AB
Voestalpine Stahl GmbH
Hitachi Metals Ltd
Toshiba Materials Co., Ltd.
Sumitomo Metal Mining Co., Ltd.
VACUUMSCHMELZE GmbH & Co. KG
PMG Holding GmbH
Hengdian Group DMEGC Magnetics Co., Ltd.

Key Takeaways - Global Soft Magnetic Materials

Reduction in the size and weight of components is a top priority while designing hybrid vehicles. Conventionally, electromagnetic steel sheets were used as reactor cores. Use of soft magnetic composite (SMC) core materials characterized by excellent high-frequency properties and isotropic magnetic properties is expected to enable design of new three-dimensional magnetic circuits and reduce the size and weight of reactors.
New improved alloys such as Ni-Zn and Mg-Zn, with higher energy efficiency and magnetic properties have been demonstrated for soft ferrites. SMCs has been used extensively as the core material for transformers and motors.
Moreover, the nano crystalline core material has been identified as an emerging soft magnetic material owing to its higher efficiency. This material type is estimated to witness noteworthy growth in the foreseeable future as compared to its counterparts such as Fe amorphous and soft ferrite.
Key manufacturers have consolidated their market presence through established supply chain infrastructure. The soft magnetic materials market in Western Europe and North America is matured and hence, companies are targeting emerging markets such as China, Japan, and India to improve profit margins.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/14842

Primarily pushed by the increasing trend of vehicle electrification, sales of soft magnetic materials will also be contributed by their increasing employment in a number of solar power generation initiatives.

Market Players Relying on M&A

The report identifies key market players and various strategies followed by these players in the global soft magnetic materials market. Some of the market giants are Toshiba Materials Co., Ltd., Rio Tinto PLC, Hitachi Metals Ltd, and GKN plc, among others. Extensive R&D in this field is boosting market growth. The recent trend of mergers and acquisition has enhanced market growth. A landmark development was the merger of Japan's largest and world's sixth-largest steel maker Nippon Steel Corporation with 27th-ranked Sumitomo Metal Industries in December 2017.

Global Soft Magnetic Materials Market Landscape

The global soft magnetic materials market is anticipated to observe double-digit year-over-year growth, owing to impending needs of various end-use domains such as automotive, electronics, and metallurgy. Escalating demand for soft magnetic materials in developing countries, such as India and China, is estimated to open new avenues for manufacturers in the global soft magnetic materials market over the forecast period. Renewed focus on increasing energy efficiency and disruptive innovations for harvesting renewable energy has led to a positive shift in the market dynamics.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/14842

Why Purchase this Report?

A new market research study by Persistence Market Research on the global soft magnetic materials market offers global industry analysis for 2014-2018 and market forecast for 2019-2029. The report provides vital actionable insights about ongoing market trends, dynamics, value chain outlook, cost structure, and various key facts and figures about the global soft magnetic materials market. Moreover, it also elaborates upon key indicators of market growth such as Compounded Annual Growth Rate (CAGR), Year-on-Year (Y-o-Y) growth, and incremental $ opportunity of the global soft magnetic materials market.

Related Reports:

Phosphate Rocks Market - https://www.persistencemarketresearch.com/market-research/phosphate-rocks-market.asp

Refractories Market - https://www.persistencemarketresearch.com/market-research/refractories-market.asp

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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 Continual Inventions To Accelerate The Soft Magnetic Materials Market here

News-ID: 2430414 • Views: 122

More Releases from Persistence Market Research

Household Insecticides Market Consumer Needs, Trends And Drivers Analysis
Household insecticide market remains influenced by multi-pronged factors, ranging from fast-paced urbanization, to ongoing battle against vector-borne diseases. There is a marked preference for ready-to-use insecticides among customers who seek quick and hassle-free results. According to an analytics research study of Persistence Market Research (PMR), global household insecticides sales in 2019 will exceed US$ 14.5 Bn. “The demand for household insecticides, both in residual as well as non-residual forms, will gain
The Connectivity-Oriented Zeal To Help Functional Bars Market Ride Further
A growing global health conscious population expects health specific benefits from the food products they consume. People are concerned about the food they eat as well as its content, in the wake of increased awareness regarding health safety. This has been the foremost reason behind the growing prevalence of functional bars over normal chocolate bars. A new research report revolves around the growing market of functional bars worldwide with special
The Foodservice Disposables Market To Witness Steadfast Growth
Foodservice disposables are being used on a large scale with the increasing consumption of the processed foods. The rising trend of ready-to-eat food products is also playing an important role in fueling the growth of the global foodservice disposables market. Various materials such as plastic, paper, and aluminum are used for producing foodservice disposables. However, increasing demand for eco-friendly products by customers and various initiatives taken by government of various
Air Treatment Products Market is projected to expand at nearly 10% CAGR over the …
The global air treatment products market is set to be valued at around US$ 50 Bn in 2021, with stable long-term projections as far as demand growth is concerned, according to latest revised insights by Persistence Market Research. The market is projected to expand at nearly 10% CAGR over the 2021-2031 assessment period. Building standards becoming increasingly stringent across regions is also giving impetus to market growth. Across regions, demand

All 5 Releases


More Releases for Materials

Center Pivot Irrigation Materials Market
Center pivot irrigation is also known as waterwheel and circle irrigation. It is a process of crop irrigation in which crops are watered by the use of sprinklers when a machine rotates around a pivot. Moreover, a hole is created on a pivot with the help of electric motor, which is further irrigated that creates crop circles (water reaching crops in a form of circle). This irrigation system possesses various
Aerospace Materials Market
https://www.qandqmarketresearch.com/reports/7743602/aerospace-materials-market-26 This report researches the worldwide Aerospace Materials market size value, capacity, production and consumption in key regions like United States, Europe, China, Japan and other regions. This study categorizes the global Aerospace Materials breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Global Aerospace Materials
Materials Testing Applications: Temperature Monitoring
Automated Monitoring and Intelligent Alarming Systems At CAS DataLoggers we frequently supply data logging systems for customers who need a solution for product verification and safety/reliability testing. The summer season is an ideal time for many outdoor materials testing applications: for example, roofing materials can simply be left out in the heat to see how they perform in the most punishing conditions. Heat penetration is an important value showing how products
Graphene and 2-D Materials : Angstron Materials ,Vorbeck Materials ,Applied Grap …
Global Workforce Management Software Market reports provide CAGR Value 2018-2025 and in-depth analysis of Top Players, Geography, End users, Applications, Competitor analysis, Sales, Revenue, Price, Gross Margin, Market Share, Trends and Forecast. Workforce Management Software Market Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Workforce Management Software market analysis is provided for the international markets including development trends, competitive landscape analysis, and
Magnetic Materials Market
Magnetic materials possess magnetic properties and have ability to produce the magnetization. They can be magnetized or naturally possess magnetic properties. According to ease of magnetization, magnetic materials are classified as hard, semi-hard, and soft magnets. Hard magnetic materials are suitable for permanent magnets while soft for temporary. Soft magnetic materials are used in high and low-frequency applications such as transformer cores, microwave applications, and recording heads. Magnetic materials ranging from
Cutting Tool Materials Market
Researchmoz added Most up-to-date research on "Cutting Tool Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports. Cutting tools are widely used for machining in the manufacturing and metal processing sectors. These tools are used to cut and resize the workpiece by various processes such as milling, turning, drilling, and grinding. Several materials are available and have specific