Soft Magnetic Composites (SMCs) Market Sales Reach New Heights with Manufacturers Reinventing their Business Models
August 26, 2019 by Steve Blade
Soft magnetic composites are ferromagnetic powder particles surrounded by electrical insulating film. Soft magnetic composites are used in electromagnetic applications. The unique properties of soft magnetic composites are very low eddy current loss, 3D isotropic ferromagnetic behavior, low total core loss at high and medium frequencies, and possibilities for improved thermal characteristics. Soft magnetic composites are compacted like other powder metal part and heated die compaction is used to offer higher density.
The purpose of this rich study presented by Fact.MR is to elaborate the various market projections impacting the global Soft Magnetic Composites Market during the period until 2027 This assessment delivers high-end statistics concerning market size (US$ Mn), Y-o-Y growth and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the Soft Magnetic Composites Market during the forecast period.
Soft magnetic composite market continues to be influenced by a range of factors, notably rising palpability of silicon ferrite in inductors, and increasing preference for soft magnetic materials in electronic components. Worldwide sales of soft magnetic materials exceeded US$ 18,000 Mn in 2018, according to a new Fact.MR study. Focus of utility equipment manufacturers on curtailing core losses, and leveraging renewable energy sources to meet growing power demand will significantly underpin demand for soft magnetic composites.
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Table of Content
1. Global Soft Magnetic Composites Market - Executive Summary
2. Global Soft Magnetic Material Market Overview
3. Global Soft Magnetic Composites Market and Key Indicator Assessment
TO Be Continue
Tier 1 Players Hold Over50% Share in Soft Magnetic Composites (SMCs) Market
Tier 1 players collectively hold over 50% share of the soft magnetic composites market. Established market footprint of Tier 1 soft magnetic composite manufacturers can be attributed to their robust distribution network and technological expertise. These players are further focusing on production capacity expansion, and mergers & acquisitions with medium-sized players to leverage their innovative development as key expansion strategies. On the other hand, Tier 2 players are competing through new product launches and development of cost-effective alternatives to retain their position in the soft magnetic composites market.
On the basis of the product type, the soft magnetic composites market is segmented into pure iron/iron, silicon ferrite, permalloy, and supermalloy. Based on the application, the soft magnetic composites market is segmented into inductors, generators, transformers (transmission transformers, distribution transformers, and portable transformers), and motors (1 HP-100 HP motors, 101 HP-200 HP motors, 201 HP-500 HP motors, 501 HP-1000 HP motors, and above 1000 HP motors).
The report offers detailed profiles of the leading companies in the soft magnetic components market. Some of the key players in the market include Rio Tinto PLC, GKN plc. (Hoeganaes Corporation), Voestalpine Stahl GmbH, Toshiba Corp (Toshiba Materials Co., Ltd.), Höganäs AB, Hitachi Metals Ltd, VACUUMSCHMELZE GmbH & Co. KG, Hengdian Group DMEGC Magnetics Co., Ltd., PMG Holding GmbH, Sumitomo Metal Mining Co., Ltd., and other prominent players.
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