openPR Logo
Press release

Nanocrystalline Soft Magnetic Materials Market is Forecasted to Reach US$ 20.58 Billion by 2034

07-04-2024 08:48 AM CET | Chemicals & Materials

Press release from: Fact.MR

Nanocrystalline Soft Magnetic Materials Market

Nanocrystalline Soft Magnetic Materials Market

According to Fact.MR, a leading provider of market research and competitive intelligence, the global nanocrystalline soft magnetic materials market is projected to reach US$ 7.79 billion in 2024 and is anticipated to grow at a CAGR of 10.2% from 2024 to 2034.

In electric vehicles, such as plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV), there is a challenge of unwanted high-frequency electromagnetic interference (EMI) noise, which can disrupt the operations of computer-controlled self-driving systems.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=771

As a result of increasing EMI issues, demand for solid solutions is rising, driven by the shift from silicon devices to advanced semiconductors like SiC (silicon carbide) and GaN (gallium nitride).

In response, open designs of EMI chokes, such as SCHURTER's new DKIH series, are being developed, showing significant potential in suppressing EMI noise.

These factors, coupled with growing demand for high-capacity and high-switching-frequency products, are expected to fuel continued growth in the global nanocrystalline soft magnetic materials market.

The adoption of nanocrystalline soft magnetic materials is also gaining traction in the production of compact and lightweight power supply circuits for electric vehicles, aligning with robust growth in the global electric vehicles industry. This trend is poised to further drive demand for nanocrystalline soft magnetic materials throughout the forecast period.

Key Insights from Market Study:

The global market for nanocrystalline soft magnetic materials (NCSMM) reached a valuation of US$ 7.79 billion in 2024.
By the end of 2034, the global NCSMM market is projected to grow significantly, reaching a valuation of US$ 20.58 billion.
APAC leads the global NCSMM market, commanding a substantial market share.
The motors application sector holds the largest share of global NCSMM sales.
North America held a market share of 23.1% in 2022, with its market estimated at US$ 1.5 billion.

"Attractive magnetic properties and unique microstructure of nanocrystalline soft magnetic materials have propelled the market's growth," says a Fact.MR analyst.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=771

Key Companies Profiled in This Report

Hitachi Metal
Advanced Technology
VACUUMSCHMELZE
Qingdao Yunlu
China Amorphous Technology
Henan Zhongyue
Foshan Huaxin
Londerful New Material
Orient Group
Bomatec
OJSC MSTATOR

Strategies Driving Market's Growth

Market goliaths within the nanocrystalline soft magnetic material market have been aligning themselves with new emerging trends in photovoltaic applications, inductive charging, and electric vehicle. Further, players have well maintained their targeted strategic approach through production capacity expansions and numerous product developments.

Read More: https://www.factmr.com/report/771/nano-crystalline-soft-magnetic-materials-market

Segmentation of NCSMM Industry Research Report

By Classification :
One Dimensional
Two Dimensional
Three Dimensional
By Application :
Transformers
Portable
Transmission
Distribution
Motors
1hp-100hp
101hp-200hp
201hp-1000hp
Above 1000hp
Inductors
Generators
By End-Use Industry :
Consumer Electronics & Applications
Healthcare
Automotive
Semiconductor
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global nanocrystalline soft magnetic materials market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of classification (one-dimensional, two-dimensional, and three-dimensional), application (transformers (portable, transmission, and distribution), motors (1hp-100hp, 101hp-200hp, 201hp-1000hp, and above 1000hp), inductors, and generators), end-use industry (consumer electronics & applications, healthcare, automotive, and semiconductor), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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 Nanocrystalline Soft Magnetic Materials Market is Forecasted to Reach US$ 20.58 Billion by 2034 here

News-ID: 3565134 • Views: โ€ฆ

More Releases from Fact.MR

Triple Negative Breast Cancer Treatment Market is Growing at a CAGR of 4.6% by 2034 | Key players: Pfizer Inc., F. Hoffman-La Roche Ltd., Sanofi S.A., and Seattle Genetics, and Genentech.
10-03-2025 | Health & Medicine
Fact.MR
Triple Negative Breast Cancer Treatment Market is Growing at a CAGR of 4.6% by 2 โ€ฆ
Fact.MR today unveiled its latest report on the Triple Negative Breast Cancer Treatment Market, projecting steady yet impactful growth amid rising global breast cancer incidences and a push for innovative therapies targeting this aggressive subtype. Valued at USD 670.5 million in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 4.6%, reaching USD 1.04 billion by 2034. This expansion underscores the urgent needโ€ฆ
Pulmonary Fibrosis Treatment Market: U.S. to Grow to US$ 4.06 Billion by 2034, Led by Roche, Boehringer Ingelheim & Others
10-03-2025 | Health & Medicine
Fact.MR
Pulmonary Fibrosis Treatment Market: U.S. to Grow to US$ 4.06 Billion by 2034, L โ€ฆ
The global pulmonary fibrosis treatment market is poised for steady expansion, with its valuation projected to grow from USD 3,210 million in 2025 to USD 5,890 million by 2035. This growth reflects a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2025 to 2035. The surge is primarily driven by the increasing prevalence of idiopathic pulmonary fibrosis (IPF), rising awareness of early diagnosis, and advancements inโ€ฆ
Spices and Seasonings Market is Projected to Reach USD 23.6 Billion by 2035 | McCormick & Company, Associated British Foods, Olam International, Sensient Technologies, Kerry Group
10-03-2025 | Food & Beverage
Fact.MR
Spices and Seasonings Market is Projected to Reach USD 23.6 Billion by 2035 | Mc โ€ฆ
The global spices and seasonings market is set for significant growth, projected to expand from USD 14.5 billion in 2025 to USD 23.6 billion by 2035, achieving an absolute increase of USD 8.3 billion and a 57.2% overall growth. This trajectory reflects a compound annual growth rate (CAGR) of 5.0% over the forecast period from 2025 to 2035, representing a 1.57X market size increase. The expansion is driven by risingโ€ฆ
Accounting Services Market: U.S. to Grow to US$ 640.73 Billion by 2034 at 10.3% CAGR, Supported by PwC, EY, Deloitte & KPMG
Accounting Services Market: U.S. to Grow to US$ 640.73 Billion by 2034 at 10.3% โ€ฆ
The global accounting services market is positioned for substantial growth, with its valuation projected to increase from USD 650 billion in 2025 to USD 1,250 billion by 2035. This expansion reflects a compound annual growth rate (CAGR) of 6.7% over the forecast period from 2025 to 2035. The market's surge is driven by the increasing complexity of financial regulations, the digital transformation of businesses, and the rising demand for outsourcedโ€ฆ

All 5 Releases


More Releases for NCSMM

Nanocrystalline Soft Magnetic Material Industry Analysis in Eastern Europe is Pr โ€ฆ
According to a recent market research report by Fact.MR, sales of nanocrystalline soft magnetic materials (NCSMM) in Eastern Europe are projected to reach US$ 654.6 million in 2024. The regional market is expected to grow at a robust CAGR of 8.3%, attaining a value of US$ 1.45 billion by the end of 2034. Eastern European nations are actively investing in renewable energy initiatives such as solar and wind power. Nanocrystalline softโ€ฆ