Global “Soft Magnetic Powder market” report also concentrates on the development tendencies as well as history, competitive landscape evaluation, growth, key players, and key regions, etc. from the global Soft Magnetic Powder industry.
Soft Magnetic Powder market report is made by our industry experts to understand the worldwide Soft Magnetic Powder production, growth rate, consumption, market share, production volume, price, gross margin, and revenue. Our industry experts give the overview of the market by past, present, future demands and opportunities which helps the stakeholders and individuals interested in Soft Magnetic Powder.
The global Soft Magnetic Powder market to grow ata CAGR of almost 10% during the period 2019-2023.
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Our soft magnetic powder market analysis considers sales from electrical steel, cold-rolled lamination steel, soft ferrites, amorphous steel, and other products. Our analysis report also considers considers the sales of soft magnetic powder in APAC, Europe, North America, South America, and MEA. In 2018, the electrical steel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the significant growth ofubstantial growth in the power transformer market will play a significant vital role in the electrical steel segment to maintain its market position.
Also, our global soft magnetic powder market report looks at factors such as increasing adoption of electric motors in automotive applications, the surge in transformers installations, and growth in data center infrastructure. However, volatility in raw material prices, high failure rate of electronic components, cyclical nature of the electronics industry may hamper the growth of the soft magnetic powder industry over the forecast period.
Key Manufacturers Includes:
MARKET DYNAMICS:Market Driver: Increasing Adoption of Electric Motors In Automotive Applications.Market Trend: Growing Use of Silicon Steel In The Electrical and Electronics Industry.Market Challenge: Volatility In Raw Material Prices.Increasing adoption of electric motors in automotive applications
Emissions from fossil fuel-based vehicles account for a significant share of global air pollution. The adoption of electric vehicles (EVs) offers an effective solution to resolve this issue as EVs use electric motors and electricity instead of an engine and fossil fuels, respectively. This has led to an increase in the adoption of electric motors in automotive applications. The recent transition to green technologies in the automotive industry is prompting OEMs to improve electric motors. The growth of the hybrid vehicle and the cost of hybrid passenger cars are crucial factors for the automotive motors market. The reduction in the prices of hybrid passenger cars, technological improvements in hybrid and electric cars, along with government initiatives, are likely to increase the adoption of automotive motors, and thereby. boost the demand for soft magnetic powder. This will lead to the expansion of the global soft magnetic powder market at a CAGR of almost 10% during the forecast period.
The growing use of silicon steel in electrical and electronics industry
Silicon steel is used to produce most motor laminations. The addition of silicon to the steel increases the electrical resistance of the motor lamination and improves the ability of magnetic fields to penetrate it and consequently reduces the hysteresis loss in the steel. The addition of silicon to steel also makes the steel more efficient and faster in terms of building and maintaining magnetic fields and, at the same time, reduces corrosion. Silicon steel is used in several electrical applications, such as electrical stators/rotors and motors, coils, magnetic coils, and transformers where the electromagnetic field plays an important role. This motor laminate material is extensively used in motion control products where the additional costs are justified by the enhancements in performance. This development is expected to have a positive impact on the overall market growth.
Geographical Regions Includes:
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Detailed TOC of Soft Magnetic Powder Market Report:
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY PRODUCTMarket segmentation by productComparison by productElectrical steel – Market size and forecast 2018-2023Cold-rolled lamination steel – Market size and forecast 2018-2023Soft ferrites – Market size and forecast 2018-2023Amorphous steel – Market size and forecast 2018-2023Others – Market size and forecast 2018-2023Market opportunity by productPART 07: CUSTOMER LANDSCAPEPART 08: MARKET SEGMENTATION BY END-USERMarket segmentation by end-userComparison by end-userElectrical and electronics – Market size and forecast 2018-2023Automotive – Market size and forecast 2018-2023Telecommunication – Market size and forecast 2018-2023Others – Market size and forecast 2018-2023Market opportunity by end-userPART 09: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAPAC – Market size and forecast 2018-2023North America – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 12: MARKET TRENDSTechnological advances in transformersGrowing use of silicon steel in electrical and electronics industryIncreasing investment opportunities in APACPART 13: VENDOR LANDSCAPEOverviewLandscape disruptionCompetitive scenarioPART 14: VENDOR ANALYSIS
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