The Soft Magnetic Materials Market is projected to grow significantly by 2027, driven by electric vehicle demand and industrialization.
Market Overview:
Soft Magnetic Materials Market is valued at USD 20.56 Billion in 2020 and expected to reach USD 27.67 Billion by 2027 with a CAGR of 3.78% over the forecast period.
Soft Magnetic Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for electric vehicles and growing industrialization are the significant factors which are driving the growth of the Global Soft Magnetic Materials Market.
Key Players for Soft Magnetic Materials Market:
Some of the key players for global Soft Magnetic Materials market are TDK, Hitachi Metals Ltd., CSC, AT and M, Fastron, Zhixin Electric, POCO Magnetic, VACCUMSCHMELZE, Magnetics, DMEGC, Zhaojing Incorporated, Qingado Yunlu, Foshan Catech, Delta Magnets group, Ferroxcube, Acme Electronics, JPMF Guangdong, KaiYuan Magnetism, Haining Lianfeng magnet, Nanjing New Conda, Toshiba Materials, Huzhou Careful Magnetism, Daido Steel, Mate Co. Ltd., MK Magnetics, Sg technologies, Steward Advanced Materials, Sumitomo Metal Mining Co. Ltd., syntax A/S, GKN Sinter Metals, Ames SA and others.
Regional Analysis:
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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Segmentation Analysis:
The Soft Magnetic Materials market is segmented on the basis of material types, end use, application and region & country level. Based on material types, the market segmented into cobalt, iron, nickel, electric steel and others. Also based on end-use, Soft Magnetic Materials market is segmented into automotive, electrical and electronics, telecommunication, energy & power and others. On the basis of application, the market is divided into AC and DC.
Scope of Soft Magnetic Materials Report:
Soft Magnetic Materialss are those that can be magnetized easily and have an intrinsic coercivity of less than 1000 Am-1. Soft Magnetic Materialss are commonly used to enhance and channel the flux produced by an electric current. The important parameter often used as figure of merit for these materials, is the relative permeability, which is measure of how readily the material responds to the applied magnetic field. Coercivity, saturation magnetization, and electrical conductivity are the other major parameters. The applications of Soft Magnetic Materialss are fall into two types AC and DC. In a DC application, the material is magnetized before performing an operation and then demagnetized afterward. In AC applications Soft Magnetic Materials will be continuously cycled from being magnetized from one direction to another direction, throughout the time of operation e.g. power supply transformers. Soft Magnetic Materialss also play very important role in electric motors, where they increase the field produced by a motor windings. These are also used to channel the flux emitted by permanent magnets in permanent magnet motors. Soft Magnetic Materialss are used in DC applications in the field of magnetic shielding. First Soft Magnetic Materials was invented in 1900 by Barret; Brown Handfield which was Si steel plate (Fe-1.5 to 2.5% Si) then in 1923 Arnold Elemen used Permalloy (Fe-Ni).
The COVID-19 outbreak has affected the growth of Soft Magnetic Materials market. However, dure to the rising prevalence of Covid-19 cases, it has increased its demand for medical equipments such as CT- Scanner, ventilators and MRI machines etc.
The regions covered in Soft Magnetic Materials market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of Soft Magnetic Materials is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Soft Magnetic Materials Market Segmentation:
By Material Type:
Cobalt
Iron
Nickel
Electric steel
Others
By End-Use:
Automotive
Electrical and electronics
Telecommunication
Energy & Power
Others
By Application:
AC
DC
Market Drivers:
Increasing patch management solutions vulnerabilities is driving the growth of the market
Rising need of up to date software will propel the market growth
Growing third party application deployment is a driver for the market
Government regulations for promoting patch management may boost the growth of the market
Market Restraints:
Low vulnerability priority reduction is restraining the growth of the market
Lack of awareness for cyber security will hamper the market growth
Patch testing and compatibility issues may also restrict the growth of the market
There are 15 Chapters to display the Soft Magnetic Materials market:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Soft Magnetic Materials market, Applications, Market Segment by Types
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Soft Magnetic Materials Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Soft Magnetic Materials Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Soft Magnetic Materials Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.
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The article focuses on the Soft Magnetic Materials Market, its growth factors, and forecasts from 2021 to 2027.
Key players include TDK, Hitachi Metals Ltd., Delta Magnets group, and others.
Increasing demand for electric vehicles and industrialization are major growth drivers.
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