NEW YORK, March 2, 2021 /PRNewswire/ -- Nano crystalline soft magnetic material demand grew at an average of 7.5% CAGR between 2016-2020, and latest research by consulting firm Fact.MR projects sales to expand at 9.5% CAGR through 2031. Recovery in consumer electronics and anticipated opportunities in electric vehicles (EVs) are set to drive growth in 2021 and beyond.
According to the European Commission Report, the applications of nano crystalline soft magnetic materials in electronic industry has surged owing to its attributes. A recovery in consumer electronics industry will be key to growth in 2021, according to the study.
"Precipitous advancements in the consumer electronics and applications industry to witness a breakthrough in the forecast period owing to the increasing demand from the manufacturers of nano crystalline soft magnetic materials," says a Fact.MR analyst.
For more Insights into the Market, Request a Sample of this Report
High cost and time-consuming manufacturing process continues to be a deterrent to wider adoption
Application in motor and generator manufacturing sustaining demand
One and two dimensional nano materials remain lucrative
Exponentially rising adoption in consumer electronics products to boost the demand in Japan.
Recovery in healthcare and automotive sectors key to demand in Europe
Owing to the surge in demand from automotive industry, United States to be the epicenter of the North-America market
China remains one of the most lucrative market for nano crystalline soft magnetic materials.
Some of the leading nano crystalline soft magnetic materials manufacturers profiled by Fact.MR include Bomatec, Henan Zhongyue, Henan Zy Amorphous Technology co. Ltd., Hitachi Metals Ltd., Magnetec, Qingdao Yunlu energy Technology Co. Ltd., VaccumSchmelze, and Vikarsh Stamping India Private Limited among others. Key players are strategizing by launching new higher quality products to generate new proceedings.
Key player, Hitachi Metals Ltd., announced the development of the FT-3K10Q series, common mode choke coils/core with high impedance using FINEMAT, nano crystalline soft magnetic material for improved impedance across a wide frequency and temperature range.
Likewise, in 2018, Henan Zhongyue Amorphous Technology Co. Ltd. launched soft magnetic nano crystalline magnetic ribbon with high saturation flux density, high permeability, and corrosion resistance.
Get Customization on this Report for Specific Research Solutions
More Valuable Insights on Nano crystalline soft magnetic materials Market
Fact.MR, in its new offering, presents a detailed analysis of the global nano crystalline soft magnetic materials market. The study divulges essential insights on the nano crystalline soft magnetic materials market on the basis of classification (one dimensional, two dimensional, and three dimensional), application (transformers [portable, transmission and distribution], motors [1 hp-100 hp, 101 hp-200 hp, 201 hp-1000 hp, above 1000 hp], inductors, and generators), end-use (consumer electronics & applications, healthcare, automotive, and semi-conductors), and across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
Key Questions Covered in the Report
How will demand for nano crystalline soft magnetic materials market evolve in the future?
Which are the largest markets for nano crystalline soft magnetic materials?
What is the impact of regulation on nano crystalline soft magnetic material industry?
What are best optimization strategies for the key players to achieve the success in the forecast period?
Who are the leading nano crystalline soft magnetic material manufacturers?
What is the impact of Covid-19 on nano crystalline soft magnetic materials market?
Need more information about Report Methodology? Ask here
Explore Fact.MR's Coverage on the Chemicals & Materials Domain
Permanent Magnet Market: Fact.MR's comprehensive analyses on the Permanent Magnet market offers readers with a bird's eye view of the entire landscape. The analysis sheds insight on key information regarding future growth drivers, opportunities and threats in the upcoming years. The report delves on the strength and weaknesses of the key-players with a detailed analysis.
Soft Magnetic Composites (SMC's) Market: Explore Fact.MR's Soft Magnetic Composites (SMC's) Market research report, offering a detailed study on multiple market trends for the present and upcoming decade. The study entails analyses about the prominent growth trends present across key geographies and major segments, along with information about key manufacturers operating within the landscape.
Magnetic Alloys Market: The Magnetic Alloys report published by Fact.MR analyses a detailed report for the market trends, opportunities and threats. It delves into the key player's insights and multiple growth trends for the forecast period. The study reveals key challenges and drivers for the upcoming years for the product.
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
Sudip Saha US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: firstname.lastname@example.org
Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates