Nano Crystalline Soft Magnetic Materials Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Published on : Mar-2021 | List of Tables : 94 | List of Figures : 134 | No. of Pages : 170 | Report Code : FACT771MR |

About the Report

Rise in inclination towards downsizing and space saving designs is leading to demand growth of nano crystalline soft magnetic materials. With increase in requirements from consumer electronics & applications, sales are expected to witness considerable spikes over the coming years. While North America, East Asia, and Europe will be holding major shares of the global market value, countries such as China, Japan, the United States, and a few others will emerge highly lucrative for stakeholders in this industry.

In its latest report, Fact.MR offers thorough analysis of the global nano crystalline soft magnetic materials market, with emphasis on key driving and restraining factors, new trends, demand-supply trajectories, and other crucial aspects for the forecast period of 2021 to 2031. The report tracks trends in 20+ high-growth markets, and also details the impact of the COVID-19 pandemic on this industry.

Historical & Future Outlook of Nano Crystalline Soft Magnetic Material Sales

Nano crystalline soft magnetic material manufacturers have thrived on steadily surging demand from the electrical vehicles industry in the past years. Owing to its highly sought-after properties such as suppression of noise at high frequency ranges and high electro-mobility, to name a few, adoption rate of nano crystalline soft magnetic materials in consumer electronics & applications rose considerably. According to Fact.MR, the global nano crystalline soft magnetic materials industry expanded at close to 7.5% CAGR during the last 5 years from 2016 to 2020.

With increase in demand in diverse applications such as transformers, motors, inductors, etc., suppliers of nano crystalline soft magnetic materials are gaining rapid momentum. Additionally, key end-use industries such as healthcare and consumer electronics are becoming more advanced, and hence, raising market value further due to higher requirements. According to Fact.MR, the global nano crystalline soft magnetic materials market is projected to expand even faster going ahead, at around 9.5% CAGR through 2031.

Why is Demand Rising from Consumer Electronics & Applications?

With fast-paced advancements in consumer electronics & applications, manufacturers of nano crystalline soft magnetic materials are experiencing substantial growth in demand from this segment. According to Fact.MR, the global consumer electronics & applications industry is highly progressive and set to ascend at over 5% CAGR through 2031.

As stated in a report published by the European Commission (EC) in 2020, miniaturization is taking over the electronics industry in Europe, while significantly impacting the digital revolution. This, in turn, is lending positive contribution to the growth of the nano crystalline soft magnetic materials industry.

What are the Key Challenges Faced by Market Players?

Despite having worldwide requirement across diverse end-use industries, manufacturers of nano crystalline soft magnetic materials face a few restraints due to expensive and time consuming process cycles. Also, overall installation and maintenance costs for these materials in various portable & transmission transformers, inductors, and motors need experts and additional costs as compared to conventional materials.

However, unlimited advantages of nano crystalline soft magnetic materials outpace these few constraints, and hence, players in this industry are highly optimistic regarding increasing their sales footprint further in the near future.

nano crystalline soft magnetic materials market 1

Country-Wise Analysis

Why is China a Lucrative Market for Nano Crystalline Soft Magnetic Material Manufacturers?

China, being the main country of the world’s fastest-growing nano crystalline soft magnetic materials industry, East Asia, is highly lucrative in terms of growth scope for manufacturers. Backed by exponentially growing demand from the consumer electronics, healthcare, and semiconductor sectors, China is the hotspot for potential players in this industry.

As per data revealed by the China Academy of Information and Communications Technology in 2020, nearly 21.75 million smartphones were shipped to the domestic market in March, up 240% on a monthly basis. As per its report, over 24 new 5G smartphone models hit the market in March, with domestic shipments of 5G smartphones exceeding 6.21 million units, representing 160% growth from February. These figures not only represent the progressive nature of China’s consumer electronics & applications sector, but also growing opportunities for nano crystalline soft magnetic material suppliers.

How Big is the Growth Scope in the United States?

The United States is the epicenter of the North American market, and is expected to witness exponential growth in terms of volume &. Increase in requirements in various applications such as distribution & transmission transformers, and motors with broad range of horse powers, to name a few, is propelling market growth in the U.S. Surge in demand from the electric vehicles industry is further favoring stakeholders operating in this industry.

According to a report published by the United States Department of Energy, plug-in electric vehicles are gaining rapid traction in the U.S. As per the report, one of the major features of electric vehicles is that drivers can plug them into a charge from an off-board electric power source. As all-electric vehicles and plug-in electric vehicles are becoming widely popular, new paths for nano crystalline soft magnetic material manufacturers are about to open in the U.S.

What Allows Germany to Maintain its Lead in Europe’s Nano Crystalline Soft Magnetic Materials Industry?

Germany has been leading in Europe’s market for nano crystalline soft magnetic materials since the past decade. High requirement for nano crystalline soft magnetic materials from the healthcare, consumer electronics, and automotive sectors is fuelling sales in the country.

According to a report on the automotive industry published by the European Commission (EC), the European Union (EU) is among the world’s biggest producers of motor vehicles, and the sector represents the largest private investor in research & development (R&D), with Germany in the spotlight. As per the report, representing more than 6% of total EU employment, the automotive industry in Europe is set to flourish further despite being battered by the COVID-19 pandemic temporarily. Germany, being the centre for these key end-use industries, is expected to further widen the growth scope for players in the nano crystalline soft magnetic materials sector.

What Will Japan Offer Stakeholders in the Nano Crystalline Soft Magnetic Materials Space?

Japan has emerged as another lucrative market for nano crystalline soft magnetic materials, and is anticipated to exhibit hegemony during the forecast period. Exponentially rising adoption of nano crystalline soft magnetic materials in consumer electronic products and electric vehicles coupled with increase in application in diverse sectors, starting from motors to generators, is boosting growth in Japan.

As stated in a report titled “Innovation in Japan”, published by the Government of Japan, highly established infrastructure for middle- and long-distance transportation, and incorporation of stylish, sophisticated designs that energizes users, are changing the outlook of the electric vehicles industry in Japan. This, in turn, is positively impacting demand for nano crystalline soft magnetic materials.

Category-Wise Insights

Which Dimensional Nano Crystalline Soft Magnetic Materials Dominate in Terms of Classification?

Presently, one dimensional and two dimensional nano crystalline materials are leading the global market in terms of classification, and are anticipated to maintain this lead throughout the forecast period.

As these types of nano crystalline soft magnetic materials are flexible and cost-effective for diverse applications such as motors, inductors, and generators,  these are highly lucrative segments for players in this industry. Three dimensional nano crystalline soft magnetic materials is another key segment in this category, which is bolstering the growth of suppliers.

Why is Application of Nano Crystalline Soft Magnetic Materials in Transformers High?

Currently, various types of transformers such as portable, transmission, and distribution transformers are dominating in terms of application, and are set to exhibit hegemony throughout the forecast period. Nano crystalline soft magnetic materials, being composed of 82% iron, with high permeability and lower loss, have high requirement in this segment.

Other key segments in terms of application, which are spurring the growth of suppliers are motors, inductors, and generators, and these segments are expected to raise market revenue further through 2031.

nano crystalline soft magnetic materials market competition

Competitive Landscape

The global nano crystalline soft magnetic materials market is getting fiercer in terms of competition. In order to capitalize on the market potential, key players are launching higher quality products. For instance,

  • Hitachi Metals Ltd. launched its new Nano Crystalline Soft Magnetic Material FINEMET® with high saturation flux density, excellent temperature characteristics, and other exclusive properties, a few years ago.
  • Henan Zhongyue launched its new Nano Crystalline Amorphous Ribbon, Low Loss Amorphous Cores, and others, a couple of years back.

Some of the key players manufacturing nano crystalline soft magnetic materials are-

  • Bomatec
  • Henan Zhongyue
  • Henan ZY Amorphous Technology Co., Ltd.
  • Hitachi Metals Ltd.
  • Magnetec
  • VacuumSchmelze

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Classification
  • Application
  • End-use Industry
  • Region

Key Companies Profiled

  • Bomatec
  • Henan Zhongyue
  • Henan ZY Amorphous Technology Co., Ltd.
  • Hitachi Metals Ltd.
  • Magnetec
  • VacuumSchmelze

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

Classification

  • One Dimensional
  • Two Dimensional
  • Three Dimensional

Application

  • Transformers
    • Portable
    • Transmission
    • Distribution
    • Motors
  • Motors
    • 1 hp-100 hp
    • 101 hp-200 hp
    • 201 hp-1000 hp
    • Above 1000 hp
  • Inductors
  • Generators

End-Use Industry

  • Consumer Electronics & Applications
  • Healthcare
  • Automotive
  • Semiconductors

Region

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

Key Questions Answered in Report

  • Which are the top companies operating in this industry?

Some of the top companies providing nano crystalline soft magnetic materials are Bomatec, Henan Zhongyue, Hitachi Metals Ltd., and Magnetec.

  • Which are some of the lucrative markets for nano crystalline soft magnetic materials?

China, the United States, Germany, Japan, Canada, the United Kingdom, and a few others are lucrative markets for nano crystalline soft magnetic materials, and are expected to dominate throughout the forecast period.

  • Which are highly sought-after nano crystalline soft magnetic materials?

Presently, one dimensional and two dimensional nano crystalline soft magnetic materials are mostly sought-after in terms of classification, and are expected to keep leading over the forecast period of 2021 to 2031.

  • Which are the key applications of nano crystalline soft magnetic materials?

Presently, key applications of nano crystalline soft magnetic materials are transformers, motors, and inductors, which will aid demand growth over the coming years.

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Is this research conducted by Fact.MR?

Yes, the research has been conducted by expert analysts of Fact.MR, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

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What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

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Nano Crystalline Soft Magnetic Materials Market - Scope of Report

A recent study by Fact.MR on the nano crystalline soft magnetic materials market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with nano crystalline soft magnetic materials. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.

A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the nano crystalline soft magnetic materials market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of nano crystalline soft magnetic materials across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

Market Segmentation

Fact.MR’s research study assesses the global nano crystalline soft magnetic materials market in terms of classification, application, end-use industry, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market.

Classification

  • One Dimensional
  • Two Dimensional
  • Three Dimensional

Application

  • Transformers (Portable, Transmission, Distribution)
  • Motors (1 hp-100 hp, 101 hp-200 hp, 201 hp-1000hp, above 1000 hp)
  • Inductors
  • Generators

End-use Industry

  • Consumer Electronics & Applications
  • Healthcare
  • Automotive
  • Semiconductors

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

Key Questions Answered in Report

  • Which are the most lucrative markets for nano crystalline soft magnetic materials?
  • Which factors will impact demand for nano crystalline soft magnetic materials?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the nano crystalline soft magnetic materials space?
  • What are the winning strategies of stakeholders in the nano crystalline soft magnetic materials landscape?

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for nano crystalline soft magnetic materialss and products has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the nano crystalline soft magnetic materials market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

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Nano Crystalline Soft Magnetic Materials Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031