Global Soft Magnetic Core Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Soft Magnetic Core Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Soft Magnetic Core Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Soft Magnetic Core Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A magnetic core is a portion of magnetic material with a high magnetic permeability. It is used to restrict and guide magnetic fields in electrical, electromechanical and magnetic devices including electromagnets, transformers, electric motors, generators, inductors, magnetic recording heads, and magnetic assemblies. The excessive permeability, relative to the surrounding air, causes the magnetic field lines to be concentrated in the core material.
The demand for electromagnets, transformers, electric motors, and others is increasing at a high rate, therefore the demand for the market will also increase. There is high demand for soft magnetic core market which is responsible for propelling the market growth.
According to the segmentation, the market is split into number of segments such as material type, application, end-user, and region. On the basis of material type the market is bifurcated into powder, strip, and others. The powder material type is further divided into Mpp, high flux, sendust, mega flux, iron, and others. Moreover, the strip segment is further categorized into Fe-Si, amorphous, ferrite, and others. The application segment is classified into different applications such as motors, transformers, inductors, and others. On the basis of end-user segment the market is split into smart grid, aerospace, hospitals & imaging centers, renewable energy, oil & mineral exploration, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global soft magnetic core market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Hitachi Metals Ltd., Toshiba Company Materials Ltd., GKN Sinter Metals, Sintex A/S, Mate Co. Ltd, Vacuumschmelze GmbH & Co.kg, Steward Advanced Materials, SA Technologies Limited, Ames SA, Daido Steel Co. Ltd., and others.
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