Facts and Factors has authored “Nanocrystalline Soft Magnetic Material Market By Application (Distribution Transformer, Electric Machinery, Electronic Components, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, the global nanocrystalline soft magnetic material market in 2019 is approximately USD 230 million and is anticipated to reach around USD 470 million by 2026. Teh anticipated CAGR for teh nanocrystalline soft magnetic material market is around 10% from 2020 to 2026.
Over teh last few decades, magnetic materials has become an essential part of everyday life. Magnetic materials play an important role in diverse application areas such as telecommunication, automotive, medical, data storage, military, aerospace, and electric energy industry, including transmission, generation, and distribution. Recently, it TEMPhas been studied dat nanocrystalline materials can be used in magnetic devices such as inductive devices, transformers, etc. which require magnetically soft materials.
Nanocrystalline alloy is a material made up of Fe, Si, and B with additions of Cu and Nb. Generally, teh nanocrystalline soft magnetic material is manufactured by a process termed as rapid solidification technology in teh form of a thin ribbon, primarily in teh amorphous state and is then crystallized at teh temperature of 500 – 600 °C.
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dis Free report sample includes:
- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
With teh rising number of electronic devices in everyday lives, nanocrystalline soft magnetic materials are finding its application in various devices. Moreover, with increased emphasis on energy conservation, these materials are considered in teh design of larger transformers. There, teh growing demand for electronic devices and goods is further expected to boost teh consumption of nanocrystalline soft magnetic materials, thereby, propelling market growth.
Moreover, teh increasing concern towards energy efficiency across teh globe is likely to enhance teh application of magnetic materials in various electronic products. However, teh high fluctuation in teh cost of raw materials such as iron, copper, silicon, and others, may highly impact on teh prices of teh nanocrystalline soft magnetic material. Nevertheless, teh rising demand for high quality nanocrystalline soft magnetic materials with rapid advances in technologies such as smart manufacturing, 5G communicative systems, new power vehicles, and 3D printing is projected to offer growth opportunities to teh market in teh future.
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Based on application, teh distribution transformer category accounted for teh largest market share of around 35% of teh global nanocrystalline soft magnetic material market, in 2019. These materials tackle teh energy loss in transformers and enable teh downsizing of teh system. Moreover, due to teh versatile properties of nanocrystalline soft magnetic materials such as high magnetic permeability and robust flux density, it is widely used as transformer cores in teh power transmission industry.
Regionally, the Asia Pacific dominated the global nanocrystalline soft magnetic material market and accounted for the market share of around 40% in 2019. Rapid industrialization in countries of the Asia-Pacific and the presence of iron mines in China & India are the major factors boosting the demand for nanocrystalline soft magnetic materials within the region. Moreover, China is expected to be the dominating country and India is anticipated to grow at the fastest pace during the forecast period of 2020 – 2026.
Some of the key players operating the global nanocrystalline soft magnetic material market are China Amorphous Technology, Qingdao Yunlu, Advanced Technology, Hitachi Metal, Henan Zhongyue, Londerful New Material, Zhaojing Incorporated, Junhua Technology, Orient Group, Shenke, and Foshan Huaxin among Others.
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dis report segments the Nanocrystalline Soft Magnetic Material market as follows:
Global Nanocrystalline Soft Magnetic Material Market: By Application Segment Analysis
- Distribution Transformer
- Electric Machinery
- Electronic Components
Global Nanocrystalline Soft Magnetic Material Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Teh Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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