(2022 - 2027) Soft Magnet Powder Market is Thriving Worldwide with Top Growing Companies - SG Technologies Ltd., Daido Steel Co. Ltd., Hitachi Metals Ltd.
Get a Sample Copy of Report (Including Full TOC, List of Tables, Chart): https://www.fairfieldmarketresearch.com/report/soft-magnet-powder-market/request-sample
Automotive Industry Remains a Significant Consumer
Automotive industry has been among the key consumers of power electronics when it comes to achieving higher reliability, and improved efficiency of auto electronics. Moreover, several auto electronic components like inductors have been undergoing a dimensional reduction, which drives measurable consumption of soft magnet powder. With more automakers raising demand for soft magnet powder for facilitated dimensional reduction, and enhanced operational efficiency, sales are likely to be on an upswing.
The potentially rising usage of soft magnet powder in fully and hybrid electric vehicles further points to a wealth of opportunities appearing on the horizon. In addition, the electric vehicle industry is projected to register consistent uptake of soft magnet powder to leverage the perceived benefits, i.e., lesser noise generation, improved energy saving, and compact design.
Demand Surge in Electrical Steel Bodes Well for Soft Magnet Powder Market
Over the recent past, powder metallurgy has undergone a transformation as it penetrates further into various electrical applications. In this backdrop, one of the most popular products of powder metallurgy, i.e., electrical steel has been experiencing substantial demand in transformers, motors, and generator materials. As electrical steel offers a range of functional advantages like enhanced safety, and cost efficiency, demand is likely to remain afloat in future. Flourishing prospects of electrical steel are thus anticipated to contribute toward market growth to a large extent.
Manufacturers Expect a Volley of Potential Opportunities in Asia Pacific
Flourishing urbanisation, and industrialisation across the developing Asian nations has been generating exploding demand for electricity. Surging adoption of advanced powder metallurgy across industries is expected to boost the growth soft magnet powder market in Asia Pacific. The scenario has consequently fostered transformer and motor sales in the region, show the primary findings of the report. Augmenting investments motor and transformer manufacturing are also projected to offer an impetus to market growth here.
Exponential growth of auto industry in Asian leaders like China, and India will continue to complement the market, making these economies the key markets for soft magnet powder manufacturers. Opportunities are likely to spring up rapidly on the back of thriving electric vehicle market. In addition, China's primacy in electric bus market is expected to create a steady stream of revenue generation opportunities for major participants in soft magnet powder market.
Do You Have Any Query or Specific Requirement? Request Customization of Report: https://www.fairfieldmarketresearch.com/report/soft-magnet-powder-market/request-customization
Key Players in Global Soft Magnet Powder Market
The global soft magnet powder market report would include a dedicated section to cover the detailed competitive analysis, both financial and strategic. Some of the significant players that would be profiled in this section, include Hitachi Metals Ltd., Daido Steel Co. Ltd., SG Technologies Ltd., Mate Co. Ltd., and Steward Advanced Materials.
Global Soft Magnet Powder Market is Segmented as Below:
• Soft Ferrite
• Electrical Steel
• Amorphous Steel
• Cold-Rolled Lamination Steel
• Silicon Steels
• Low Carbon Steel Alloy
• Sintered Iron Powder
• Motor Transformers
• Choke Coils
By End Use Industry
• Electronics and Telecommunications
• North America
• Asia Pacific
For More Information Visit: https://www.fairfieldmarketresearch.com/report/soft-magnet-powder-market
Our Other Latest Trending Reports:
Hydrogen Peroxide Market: https://www.globenewswire.com/en/news-release/2022/06/01/2454443/0/en/Hydrogen-Peroxide-Market-Poised-for-over-7-Growth-by-2026-Pulp-Paper-Industry-Holds-Maximum-Opportunity-Fairfield-Market-Research.html
Lithium Mining Market: https://www.globenewswire.com/en/news-release/2022/05/12/2442146/0/en/Global-Lithium-Mining-Market-Stood-at-US-829-73-Mn-in-2019-and-is-Expected-to-Reach-US-1-630-30-Mn-by-2025-Registering-a-CAGR-of-26-3-Fairfield-Market-Research.html
Rare Earth Elements Market: https://www.globenewswire.com/en/news-release/2022/04/13/2422218/0/en/Global-Rare-Earth-Elements-Market-is-Predicted-to-Reach-US-7-3-Billion-by-2026-at-10-2-CAGR-Fairfield-Market-Research.html
Fairfield Market Research
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Follow Us: https://bit.ly/3voYIm9
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
This release was published on openPR.
Permanent link to this press release:
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 (2022 - 2027) Soft Magnet Powder Market is Thriving Worldwide with Top Growing Companies - SG Technologies Ltd., Daido Steel Co. Ltd., Hitachi Metals Ltd. here
News-ID: 2665350 • Views: 153
More Releases from Fairfield Market Research
Wireless Chipset Market Research Analysis, Future Prospects And Growth Drivers T …
Global Wireless Chipset Market is valued at USD XX million in 2021 and is projected to reach USD XX million by the end of 2027, growing at a CAGR of XX% during the period 2021 to 2027. The recent market intelligence study by Fairfield Market Research is an indicator of the reasons driving the global Wireless Chipset market. The report, global Wireless Chipset market offers a bird's eye view of
Vaccines Market to Grow US$54,684.8 Mn by 2025, at a CAGR of 10.2%
Fairfield Market Research indicates that the vaccines market revenue is anticipated to rise at healthy pace of 10.2% CAGR during the period of 2020-2025. It will reach US$54,684.8 Mn by 2025 from US$33,572.5 Mn in 2020. In the same period, the vaccines market is expected to witness a 6.5% CAGR in terms of volume. Towards the end of 2025, the market will have reached 7,675.1 Mn doses from 5,595.4 Mn
Wearable Cameras Market Depth Analysis and Industry Forecast, 2020-2027
The global Wearable Cameras market study includes an assessment of the various factors that are driving the market. Analysts at Fairfield Market Research have included a thorough analysis of the market to present a comprehensive research report. The research report highlights drivers, restraints, opportunities, and threats present in the global Wearable Cameras market. With a focus on every aspect, the report suggests the right time to invest in its readers.
Switchgear Market Growth Opportunities to Tap into in 2022-2027
Global Switchgear Market Growth Forecast The report is an extensively researched presentation of a highly detailed, comprehensive, and accurate study of the global Switchgear market. The report explores some of the important aspects of the global Switchgear market and uncovers how the various factors such as price, competition, market dynamics, regional expansion, gross margin, and consumption would be holding their influence over the performance of the market. The report includes a