Nano Crystalline Soft Magnetic Materials Market Share, Growth by Top Company Forecast to 2028

Posted on 2019-07-24 by Mark Hub in Chemicals // 0 Comments

Rockville, USA, 2019-Jul-24 — /EPR Network/ — In Recently published research report, Fact.MR provides valuable perspectives on the nanocrystalline magnetic materials market throughout the forecast period, 2018-2028. Detailed insights encapsulated in the report offers perspectives on various aspects of the market along with an accurate analysis of factors pertaining to the factors that are influencing the market growth significantly Research interests in nano-crystalline soft magnetic materials have surged on the coattails of their unique microstructure and attractive magnetic properties. Innovative nano-crystalline soft magnetic materials have been spearheading electrical and electronics engineering since the recent past. Fact.MR’s recent study foresees the global nano-crystalline soft magnetic materials market to record a spectacular 9.8% volume CAGR between the forecast period 2018 and 2028.

To equip a range of electronic devices with enhanced features and improved performance, leading manufacturers are focusing on diverting their investments towards high-frequency nanostructured magnetic materials. Major manufacturers in the electronics industry are concentrating on incorporating nanostructured magnetic materials to integrate performance-boosting features such as improved hardness, wear-resistance, corrosion-resistance, and erosion resistance. Leading manufacturers are also utilizing nano-crystalline magnetic materials to tailor electronic, optical, and magnetic features and offer enhanced thermal connectivity and durable interconnections in the electronic devices.

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Distinguishing feature of nano-crystalline soft magnetic materials – low energy loss at low frequencies – has paved new avenues for their application in transformers. Transformers using electrical steel core illustrate higher energy loss owing to high frequency ranges. Downsizing the system entails challenges such as suppression of temperature rise on account of energy loss.

Currently, these materials seek extensive adoption for application in electrical appliances and transmission, which significantly account for electricity consumption worldwide. Soft magnetic materials with high Fe content, which feature nanoheteromorphous self-organizing structure, are being increasingly employed in electrical transport, as an effective means to reduce worldwide electricity consumption.

High flux density and magnetic permeability of nano-crystalline soft magnetic materials has gained widespread attention of electrical transmission industry, with regard to their use in transformer cores. Application of nano-crystalline soft magnetic materials in transformer cores in switched-mode power supplies, ISDNs and chokes are already being commercialized across the globe. Increased emphasis on energy conservation is likely to drive their demand in design of larger transformers in the foreseeable future.

The report also provides with crucial information along with an accurate analysis pertaining to the overall impact of the growth of various segments on the nano-crystalline magnetic materials market, which can help the stakeholders and investors in implementing important investment decisions. Valuable insights provided in the report identify various segments that include classification type, end-use industry, application, and region.

Promising Future for Nano-Crystalline Soft Magnetic Materials Market

Despite being a relatively new concept, researchers across the globe have been exploring several potential benefits and applications of nano-crystalline soft magnetic materials. Many lucrative applications have been discovered based on special attributes of nano-crystalline soft magnetic materials, such as electrical power transmission, and electro-mobility.

Research-efforts are now being directed toward benefits of combining more than one desirable properties of nano-crystalline soft magnetic materials for extending their application scope. Currently, WC-Co nano-composites and bulk nano-structured iron-based soft magnetic alloys have sought widespread industrial uses. Future developments and demand for these materials look promising as more research efforts are being taken apropos of their chemical, magnetic and structural applications.

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