Nanocrystalline Soft Magnetic Material Industry Analysis in APEJ
Study on Nanocrystalline Soft Magnetic Materials in APEJ by One-, Two-, and Three-dimensional for Transformers, Motors, Inductors, and Generators from 2024 to 2034
Analysis of Nanocrystalline Soft Magnetic Material Industry Covering Countries Includes Analysis of China, India, ASEAN, Australia, New Zealand, and Rest of APEJ.
Nanocrystalline Soft Magnetic Material Sales Outlook for APEJ (2024 to 2034)
Sales of nanocrystalline soft magnetic materials in APEJ are set to reach US$ 2.55 billion in 2024 and are forecasted to climb to US$ 7.99 billion by 2034, increasing at a CAGR of 12.1% from 2024 to 2034.
The Asia Pacific excluding Japan (APEJ) region is witnessing rising nanocrystalline soft magnetic material demand, driven by expanding electronics and energy sectors. Nanocrystalline soft magnetic materials are advanced materials with structures such as nanoscale grain, these materials offer superior magnetic properties, such as high permeability and low core losses. These materials find widespread applications in motors, transformers, inductors, and other electronic parts, contributing to the overall efficiency and performance of power systems.
- Fact.MR, a market research and competitive intelligence provider, projected that demand for 3D nanocrystalline soft magnetic materials in APEJ will rise at a CAGR of 10.1% through 2034.
APEJ is a major hub for electronics and consumer goods manufacturing. The demand for smaller and more efficient electronic devices, such as smartphones, laptops, and other gadgets, is leading to the increasing need for advanced materials such as 3D nanocrystalline soft magnetic materials. The three-dimensional structure allows for more efficient use of space in compact electronic devices.
Tend toward miniaturization of electronic components, especially in power electronics, is increasing. 3D nanocrystalline soft magnetic materials provide advantages in terms of size and weight reduction without compromising performance. This is crucial in applications where space is a premium, such as in mobile devices and portable electronics.
| Report Attributes | Details |
|---|---|
| Nanocrystalline Soft Magnetic Material Sales in APEJ (2024E) | US$ 2.55 Billion |
| Forecasted Sales (2034F) | US$ 7.99 Billion |
| Demand Growth (2024 to 2034) | 12.1% CAGR |
| Two-dimensional Nanocrystalline Soft Magnetic Material Demand Growth (2024 to 2034) | 14.2% CAGR |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Will Rising Industrialization and Urbanization Influence Nanocrystalline Soft Magnetic Material Demand in APEJ?
“Rising Demand for Advanced Power Distribution and Transmission Systems”
Increasing industrialization and urbanization in the Asia Pacific excluding Japan (APEJ) countries is becoming a prominent aspect of infrastructure development, particularly in the power sector. As these countries are witnessing economic growth and urban expansion, the demand for reliable and efficient power distribution and transmission systems is set to increase.
This surge is attributed to the need for powering new industrial complexes, and commercial spaces, and the growing energy requirements of urban populations. In response to these demands, there has been a notable shift towards the utilization of advanced materials, with nanocrystalline soft magnetic materials emerging as key components in modern power systems.
As industries multiply and urban areas expand, the demand for electricity rises substantially. Traditional power distribution and transmission systems face challenges in meeting the efficiency standards required for contemporary urban landscapes. Nanocrystalline soft magnetic materials are emerging as a vital solution to these challenges due to their unique magnetic properties, including high permeability and low core losses. The use of nanocrystalline soft magnetic materials further contributes to reducing energy losses during transmission and distribution, thereby enhancing the overall efficiency of the power grid.
Country-wise Analysis
Why is Demand for Nanocrystalline Soft Magnetic Materials High in China?
“Growth in Industrial Activities Driving Need for Nanocrystalline Soft Magnetic Materials”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.04 Billion |
| Growth Rate (2024 to 2034) | 11.3% CAGR |
| Projected Value (2034F) | US$ 3.03 Billion |
China's continuous industrial expansion and modernization efforts are driving the demand for efficient electrical systems. The need for reliable and energy-efficient power infrastructure is contributing significantly to the growing sales of nanocrystalline soft magnetic materials.
As a global electronics manufacturing hub, China is experiencing a constant demand for compact and efficient electronic components. The booming electronics industry, including the production of smartphones, consumer electronics, and electric vehicles, is boosting the sales of nanocrystalline soft magnetic materials.
What’s Leading to Increasing Sales of Nanocrystalline Soft Magnetic Materials in India?
“Power Infrastructure Development Projects and Increasing Focus on Renewable Energy”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 702 Million |
| Growth Rate (2024 to 2034) | 12.9% CAGR |
| Projected Value (2034F) | US$ 2.36 Billion |
India's expanding economy and increasing urbanization are increasing the demand for robust power infrastructure. Nanocrystalline soft magnetic materials contribute to the development of efficient transformers, motors, and inductors, addressing the challenges of power distribution and transmission. The ongoing efforts to strengthen the power grid and improve energy access in rural and urban areas are boosting the sales of nanocrystalline soft magnetic materials.
India's commitment to renewable energy sources, including solar and wind power, is creating a favorable environment for the adoption of nanocrystalline soft magnetic materials. As the country strives to increase the share of renewables in its energy mix, the demand for these advanced magnetic materials is expected to rise during the forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Analysis
Why is Adoption of Nanocrystalline Soft Magnetic Materials Increasing in Consumer Electronics and Applications?
“APEJ Significant Market for Consumer Electronics and Applications”
| Attribute | Consumer Electronics and Applications |
|---|---|
| Segment Value (2024E) | US$ 1.07 Billion |
| Growth Rate (2024 to 2034) | 12.5% CAGR |
| Projected Value (2034F) | US$ 3.47 Billion |
Expanding middle-class population in APEJ countries is leading to increasing consumer spending on electronic gadgets. This growth in purchasing power is increasing the adoption of consumer electronics with improved performance and energy efficiency. Nanocrystalline soft magnetic materials play a pivotal role in meeting these expectations by enhancing the efficiency of power management systems in electronic devices.
Nanocrystalline soft magnetic materials are utilized in the design of wireless charging components, such as coils and transformers, to improve efficiency and reduce energy losses during the charging process. Thus, the rising adoption of wireless charging technologies in consumer electronics is boosting in nanocrystalline soft magnetic material sales in APEJ.
Competitive Landscape
Key market players in the APEJ region are employing several strategies to enhance their earnings and maintain a competitive edge. These strategies encompass various aspects of business operations, technology adoption, and market expansion.
Leading companies are forming strategic collaborations and partnerships with other companies, research institutions, and industry players to get access to complementary technologies, expertise, and market insights. This tactic is further helping them to enhance their capabilities in areas such as manufacturing efficiency, distribution networks, and the development of new applications.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Nanocrystalline Soft Magnetic Materials Study in APEJ
-
By Classification :
- One-dimensional
- Two-dimensional
- Three-dimensional
-
By Application :
- Transformers
- Portable
- Transmission
- Distribution
- Motors
- 1hp to 100hp
- 101hp to 200hp
- 201hp to 1000hp
- Above 1000hp
- Inductors
- Generators
- Transformers
-
By End-use Industry :
- Consumer Electronics & Applications
- Healthcare
- Automotive
- Semiconductors
- Others
-
By Country :
- China
- India
- ASEAN
- Australia and New Zealand
- Rest of APEJ
- FAQs -
What are the expected sales of nanocrystalline soft magnetic materials in APEJ for 2024?
The APEJ market for nanocrystalline soft magnetic materials is calculated at US$ 2.55 billion for 2024.
What is the future of nanocrystalline soft magnetic materials in APEJ?
Demand for nanocrystalline soft magnetic materials is projected to rise at a CAGR of 12.1% from 2024 to 2034.
What is the projected size of the APEJ market for 2034?
Sales of nanocrystalline soft magnetic materials are forecasted to reach US$ 7.99 billion by 2034.
What is the estimated CAGR for the India market?
The market in India is forecasted to expand at a CAGR of 12.9% from 2024 to 2034.
Who are the top producers of nanocrystalline soft magnetic materials?
Some of the leading companies in APEJ are Fluxtrol Inc., Toshiba Materials Co. Ltd., and VacuumSchmelze.
Which type of nanocrystalline soft magnetic material is widely used in APEJ?
3D nanocrystalline soft magnetic material sales are projected to reach US$ 2.58 billion by 2034.
Nanocrystalline Soft Magnetic Material Industry Analysis in APEJ