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Soft Magnetic Powder Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2030

08-22-2023 04:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Soft Magnetic Powder Market Trends, Segmentation, Growth,

The global soft magnetic powder market is expected to grow at a significant CAGR during the forecast period. The major factor that fuels the growth of the market includes the energy paradigm shift to implement the usage of renewable energy sources and government regulations, which are encouraging to use of energy-efficient systems. The rise in sustainability concerns and awareness toward the reduction of greenhouse gas emissions leads to extensive R&D in the field of soft magnet powder, which is another factor that drives the market growth.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/soft-magnetic-powder-market

In addition, an increase in the application of soft magnet powder in various end-use industries further boosts market growth. In the automotive industry, soft magnetic powder is used to manufacture induction coils and fuel injectors in diesel engines. In the electrical industry, it finds applications in the production of stators of claw pole motors, brushless DC motors, brushed DC motors, stepper motors, switch reluctance motors, transformers, and alternators.

Soft magnet powders are materials that are easily magnetized and demagnetized. This powder plays an important role in many of the electrical and electronic systems and is used in electric motors, receipt of radio signals & microwaves, relays, solenoids, magnetic shielding, electrical power generation & transmission, and electromagnets. According to the new energy standards, which comprises greater dependence on renewable energy sources and energy-efficient motors & machines, has fast-tracked research in the development of soft magnet powder for energy-related technologies. New materials with higher energy competence include soft ferrite, electrical steel, amorphous steel, cold-rolled lamination steel, cobalt, silicon steels, low carbon steel alloy, aluminium, phosphorus, chromium, and sintered iron powder.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered
Regions Covered- Globally
Competitive Landscape: SG Technologies Ltd., Vacuumschmelze GmbH & Co., Ltd., Steward Advanced Materials, Mate Co., Ltd., and Hitachi Metals Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Soft Magnetic Powder Market by Segment

By Material

Soft Ferrite
Electrical Steel
Amorphous Steel
Cold-Rolled Lamination Steel
Cobalt
Silicon Steels
Low Carbon Steel Alloy
Aluminium
Phosphorus
Chromium
Sintered Iron Powder

By Application

Alternators
Motors Transformers
Electromagnets
Solenoids
Relays
Choke Coils
Loudspeakers
Earphones
Others

By End-Use Industry

Electrical & Electronics
Telecommunications
Automotive
Others

A full report of Soft Magnetic Powder Market is available at: https://www.omrglobal.com/industry-reports/soft-magnetic-powder-market

Soft Magnetic Powder Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

SG Technologies Ltd.
Vacuumschmelze GmbH & Co., Ltd.
Steward Advanced Materials
Mate Co., Ltd.
Hitachi Metals Ltd.

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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