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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021):
• Forecast CAGR (2022-2027): 4.83%
• Forecast Market Size (2027):
Regulations have been increasingly stringent in recent years, with a focus on CO2 emissions reduction. This has necessitated the development of energy-saving strategies. In numerous countries, distribution transformer regulations are becoming more stringent, emphasising the need to create metal core materials with lower core loss. Companies have been working on finding appropriate solutions to these problems. Hitachi Metals, for example, has created MaDC-ATM, a new product with much lower core loss. Metglas®, a Fe-based amorphous alloy (“Amorphous Alloy”) with magnetic domain control technology, is used in the product. MaDC-ATM provides a higher flux density and almost 25% reduced core loss than conventional systems, allowing distribution transformers to operate more efficiently.
Materials that are easily magnetised and demagnetized are known as soft magnetic alloys. As a result, soft magnetic materials usually have intrinsic connectivity of less than 1000 Am-1. These are typically used to enhance and/or direct the flux produced by an electric current. The essential metric for soft magnetic materials is relative permeability (mr, where mr = B/moH), which assesses the material’s willingness to react to the applied magnetic field. Coercivity, saturation magnetisation, magneto-resistivity eddy current structure and losses (as a function of sample size), heat conductivity, and electrical conductivity are all important factors.
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Based on the type, the market is divided into:
• Iron- based
Based on the application, the market is divided into:
• Flexible Antenna
• Magnetic Sensors
• Magnetic Shielding
• Electronic Article surveillance
The regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Applications in areas such as vehicles, electronics, and electrical equipment are projected to boost the global market for amorphous soft magnetic materials (such as electric motors, transformers generators, etc.). The primary markets are likely to be North America, Europe, and Asia. Nano-crystalline soft magnetic alloys have attracted a lot of attention due to features like comparatively high resistivity, low anisotropy, and good mechanical strength. Soft magnetic alloys are used in electric motors that must operate in mechanically demanding situations, such as those found in hybrid vehicles. Due to the benefits they provide, such as high saturation magnetic induction, magnetic permeability, resistivity, low coercivity, and iron core loss, Fe-based amorphous/nanocrystalline soft magnetic alloys are widely used in high-tech industries such as communications and computing.
Key Market Players
The major players in the market are Toshiba Materials Co., Ltd, VACUUMSCHMELZE GmbH & Co. KG, Hitachi Metals, Ltd., Bomatec AG, Advanced Technology & Materials Co., Ltd, MK Magnetics, Inc. and others.
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