Soft Magnetic Powder Market research report allows making important decision making essential for business growth. 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.
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.
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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
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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.
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