Numerous factors continue to have an impact on the soft magnetic composites (SMCs) industry, most notably the growing palpability of silicon ferrite in inductors and the expanding use of soft magnetic materials in electronic components. According to a recent Fact.MR report, soft magnetic material sales on a global scale surpassed US$ 18,000 Mn in 2018. Demand for soft magnetic composites will be greatly supported by utility equipment manufacturers’ focus on reducing core losses and harnessing renewable energy sources to satisfy rising power demand.
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Manufacturers of inductors and capacitors now base their products on silicon ferrite, which is quickly taking the place of the formerly used metal magnetic materials. According to the study, silicon ferrite was used in the production of more than half of soft magnetic composites. Researchers are now looking into the use of silicon ferrite in RF devices, voltage control, and power delivery systems thanks to key characteristics of the material like strong chemical stability, magnetic permeability, and cost efficiency. The use of ferrite silicone covered soft magnetic composites in transformer cores, inductance coils, resonant inductors, and synchronous electric motors is rising. Ferrite’s electrical resistivity reduces eddy current losses, which is why high frequency transformers employ it. Manufacturers are adding silicon to ferrite to improve the resistance in an effort to further decrease
Manufacturers of components for telephony, radio engineering, and telemechanics equipment are seeing an increase in demand for supermalloy. Supermalloy demand is expected to rise dramatically in ultra-sensitive transformers, particularly in ultra-sensitive magnetic amplifiers and pulse transformers, with an emphasis on high initial permeability and low losses.
Soft Magnetic Composites Market Product Insights
Due to its widespread application and growing demand, soft magnetic composites containing silicon ferrite are becoming more and more well-known around the world. Positive network externalities are a major driver of silicon ferrite’s explosive growth. Significant volumes of silicon ferrite have been used by major soft magnetic composite users including Toshiba Corporation, Schneider Electric SA, and others. More than half of the market for soft magnetic composites is occupied by silicon ferrite. Due to their widespread use in the production of compact and high performance magnetic composites, permalloys are the second most often used kind of soft magnetic composites. Less than 25% of the market for soft magnetic composites worldwide are Permalloys. Due to the aforementioned product type market preference, silicon ferrite soft magnetic composites are predicted to advance.
Soft Magnetic Composites Market: Segmentation
Fact.MR has studied the soft magnetic composites market with detailed segmentation on the basis of by product, application, and region.
Product
- Pure Iron/ Iron Powder
- Silicon Ferrite
- Supermalloys
- Permalloys
Application
- Transformers
- Motors
- Inductors
- Generators
Region
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- Middle East & Africa
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