Press release
Nanocrystalline Soft Magnetic Materials Market is Forecasted to Reach US$ 20.58 Billion by 2034
Nanocrystalline Soft Magnetic Materials Market
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.
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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.
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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).
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