Brand Story
31 May 2023, 06:43 GMT+10
A variety of reasons continue to affect the soft magnetic composites (SMCs) industry, most notably increased palpability of silicon ferrite in inductors and increasing desire for soft magnetic materials in electronic components. According to a recent Fact.MR report, global sales of soft magnetic materials topped US$ 18,000 Mn in 2018. The focus of utility equipment makers on reducing core losses and harnessing renewable energy sources to satisfy rising power demand will drive demand for soft magnetic composites much higher.
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Fact.MR has studied the soft magnetic composites market with detailed segmentation on the basis of by product, application, and region.
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Application
Region
Top producers of soft magnetic composites are also concentrating on market growth tactics by setting up new production facilities, acquiring other businesses, and working together with other market players. They are focusing on quality control, product standards, supply chain management, pricing trends, and new developments to introduce novel products following safety regulations.
For instance,
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