Soft Magnetic Composites (SMCs) Market
Soft Magnetic Composites (SMCs) Market Study by Iron Powder, Silicon Ferrite, Supermalloys, and Permalloys for Transformers, Inductors, Motors, and Generators from 2023 to 2033
Analysis of Soft Magnetic Composites (SMCs) Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Soft Magnetic Composites (SMCs) Market Outlook (2023 to 2033)
The global soft magnetic composites (SMCs) market is valued at US$ 4.5 billion in 2023 and is forecasted to reach US$ 8.9 billion by 2033-end. The market is predicted to expand at a CAGR of 7% from 2023 to 2033.
- Rising demand for motors in the automotive and electric sectors is fueling the consumption of soft magnetic composites.
- Application of soft magnetic composites in motors currently accounts for 60% share of the global market.
A uniform electrically insulating coating is applied to ferromagnetic powder particles to create soft magnetic composites. Soft magnetic composites are used in a variety of industries, from electronics to automotive and energy.
Iron is typically used in soft magnetic composites. The material is pre-mixed with compaction lubricant to smooth the route for compaction and ejection from the die. The lubricant is eliminated during heat treatment.
SMCs are commonly used to create lightweight, high-performance electromagnetic composites that are also affordable. The fabrication of vehicle parts such as traction motors, air conditioning compressors, pumps, onboard chargers, and other parts mostly uses these composite materials.
The benefits of soft magnetic composite materials are found in the powder's capacity to take on various shapes, which is easily accomplished with soft magnetic powders. The global market is being significantly impacted by ongoing product improvements, rising investments in the electrical industry, and rising sales of electric vehicles.
The market for soft magnetic composites will continue to be driven by the advantages of efficient output and good chemical characteristics. The market is predicted to grow due to the cost-effective features and compact designs associated with these materials, which are driving up demand for electromagnetic devices.
The market has grown significantly as a result of rising demand from the automotive and energy sectors. Furthermore, it is anticipated that the market for soft magnetic composites will rise over the coming years due to an increase in nuclear power plants and electrical appliances. The demand for solar panels has increased, creating a domino effect that has positively impacted the market space posture of SMCs, which may be attributed to the expansion of SMCs.
Nickel, zinc, and copper are found in an iron ore that is specifically used to make electrical steel. Due to the presence of these metals, it has a high electrical resistance. Because it increases the magnetism and energy absorption of soft magnetic composites, the product finds use in their production.
| Report Attributes | Details |
|---|---|
| Soft Magnetic Composites Market Size (2023) | US$ 4.5 Billion |
| Projected Market Value (2033) | US$ 8.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 7% CAGR |
| Market Share of Silicon Ferrite (2023) | 60% |
| Key Companies Profiled | Elna Magnetics; MMG Canada Limited; Hitachi Metals Ltd.; Electron Energy Corporation; Rio Tinto; Steward Advanced Materials; Arnold Magnetic Technologies Corporation; Magnetics; Dexter Magnetic Technologies, Inc. |
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Which Key Factors are Pushing Consumption of Soft Magnetic Composites?
“Miniaturization of Electronic Devices”
The demand for smaller, more effective gadgets is what is driving the trend toward miniaturization. As a result, new manufacturing methods have been created, enabling the fabrication of thinner and more compact electronics. Additionally, the creation of smaller, more effective devices has been made possible by the use of novel materials with enhanced magnetic characteristics.
Over the past several years, the electronics industry has seen a significant trend toward the miniaturization of electronic devices. The rising need for portable electronic gadgets such as smartphones, laptops, and tablets has fueled this trend. Additionally, as electronic gadgets get smaller, there is a greater need for electronic components that are similarly smaller and more effective.
Transformers, inductors, and motors are just a few electronic parts that employ soft magnetic composites. These composites are perfect for miniature electronic devices because they have high magnetic permeability and low coercivity.
“Growing Sales of Electric Vehicles”
An increase in demand for electric vehicles and motors is boosting the demand for soft magnetic composites. One of the major drivers of demand growth is the increasing use of axial flux motors in electric vehicles, which is also boosting demand for soft magnetic composites. Growing usage of soft magnetic composites in electric vehicle component manufacturing and rising demand for energy-efficient electric motors and generators are the factors driving market demand.
What are the Roadblocks for Producers of SMCs?
“High Cost of Raw Materials”
The high cost of raw materials and stringent government regulations are limiting market expansion. The absence of consistent usage guidelines for soft magnetic composites is anticipated to restrain the market during the forecast period.
The use of soft magnetic composites is governed by a unique set of laws in each country. These county-specific limitations are challenging for businesses to follow, which deters investment in the soft magnetic composite market and restricts market growth throughout the forecast period.
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How are New Entrants Strengthening Their Market Position?
“New Companies Investing Heavily in R&D Efforts to Introduce Innovative Products”
Emerging market players are investing heavily in R&D efforts to introduce innovative products to enhance their share in the global soft magnetic composites market. They are focusing on the introduction of nanoparticle-based materials in the manufacturing of soft magnetic composites.
- A start-up based in Switzerland, Magnes provides a range of micro-sized magnetic materials, from ultra-soft magnetic alloys to cutting-edge permanent magnets, with a variety of characteristics. Additionally, it offers services for designing and developing magnetic microsystems as well as advice in electrodeposition.
Which Region Accounts for a Leading Position in the Soft Magnetic Composites Market?
“Rapid Expansion of Electrical Industry in Asia Pacific”
- Asia Pacific accounts for 50% share of the global market in 2023.
Rise in the consumption of soft magnetic composites in the region is attributed to the growing electrical industry. The growing population and an increase in demand for electricity are boosting market growth. Transformer and motor demand are rising in the region due to rising electricity consumption.
Demand is particularly strong in developing countries that are placing a greater focus on domestic production. Over the projection period, it is predicted that increasing motor manufacturing would increase demand for soft magnetic composites in the region.
Know thy Competitors
Competitive landscape highlights only certain players
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Country-wise Insights
Why are Sales of SMCs Bolstering in the United States?
“Presence of Top Producers of Soft Magnetic Composites”
Market growth in the United States is attributed to the booming automotive sector and the presence of top producers of SMCs. Over the projection period, it is predicted that rising industrial activities would fuel demand for electric motors and ultimately soft magnetic composites.
The United States has a highly established infrastructure that makes it easier for new technology to be adopted. As magnetic materials are used in radar systems, missile guidance systems, and other electronic warfare applications, the aerospace and defense industry is another significant end-user of SMCs.
What is the Market Scenario for Soft Magnetic Composites in Japan?
“Market Players benefiting from Availability of Low-cost Labor”
The market in Japan is predicted to increase over the projection period due to the expansion of the construction industry. Rapid urbanization and the availability of low-cost labor are driving the demand for SMCs. Technological advancements in manufacturing techniques of soft magnetic composites and an increase in the sales of passenger and commercial vehicles are the factors supporting market expansion.
Will Germany Be an Investment-worthy Market for SMC Producers?
“Growing Government Investments in Electricity Distribution”
The market in Germany is expanding due to the rise in automobile component production and high demand for nanocrystalline soft magnetic materials. Increasing power generation industry and growing government investments in electricity distribution are driving market growth.
The market for SMCs in the country is driven by the strong demand for these materials for several applications, including high-performance industrial motors that are essential to industrial units. The rising demand for magnetic materials in the consumer electronics industry is boosting market value in the country.
Category-wise Insights
Why is Demand for Silicon Ferrite Gaining Traction?
“Silicon Ferrite Preferred Due to Its High Permeability”
The market is segmented by product into iron powder, silicon ferrite, supermalloy, and permalloy. Silicon ferrite holds 60% of the global market.
Soft magnetic composites containing silicon ferrite are gaining prominence across regions owing to extensive utilization and rising demand. Positive network externalities are a key factor contributing to the rapid growth of silicon ferrite.
Key consumers of SMCs, such as Toshiba Corporation, Schneider Electric SA, and others, have utilized silicon ferrite in significant amounts. Due to the high saturation flux density and permeability requirements of noise filters, choke coils, and transformer magnetic cores, silicon ferrite is used in these components.
Which Application of Soft Magnetic Composites is Leading in Terms of Revenue Generation?
“Soft Magnetic Composites Widely Used in Motors Owing to High Electrical Resistivity”
Based on application, the market is segmented into transformers, inductors, motors, and generators.
Soft magnetic composites are widely used in axial-flux motors owing to their high electrical resistivity. The global need for advanced axial flow motors and electric vehicles is boosting the demand for soft magnetic composites.
The metallurgical powder technique, which delivers higher leniency and stiffness than the traditional way of stacking punched laminations, is used to create motor components. Magnetic sensors, impact printer heads, and actuators for valve control also employ SMCs. The market for SMCs is also anticipated to be driven by the rising demand for electric motors due to rapid industrialization and urbanization.
Competitive Landscape
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,
- In 2019, the prominent metal powder and components supplier in the world, GKN Powder Metallurgy, acquired FORECAST 3D.
Key Segments of Soft Magnetic Composites Industry Research
-
By Product :
- Iron Powder
- Silicon Ferrite
- Supermalloy
- Permalloy
-
By Application :
- Transformers
- Inductors
- Motors
- Generators
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Market Background and Associated Industry Indicators
- 5. Global Market Volume Demand Tons Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market - Pricing Analysis
- 7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
- 8.1. Iron Powder
- 8.2. Silicon Ferrite
- 8.3. Supermalloy
- 8.4. Permalloy
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 9.1. Transformers
- 9.2. Inductors
- 9.3. Motors
- 9.4. Generators
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Japan
- 10.5. Asia Pacific Excluding Japan
- 10.6. Middle East & Africa
- 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Asia Pacific Excluding Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. GKN plc. (Hoeganaes Corporation)
- 19.2. Rio Tinto PLC
- 19.3. Höganäs AB
- 19.4. Voestalpine Stahl GmbH
- 19.5. Hitachi Metals Ltd
- 19.6. Toshiba Corp (Toshiba Materials Co., Ltd.)
- 19.7. Sumitomo Metal Mining Co., Ltd.
- 19.8. VACUUMSCHMELZE GmbH & Co. KG
- 19.9. PMG Holding GmbH
- 19.10. Hengdian Group DMEGC Magnetics Co., Ltd.
- 19.11. Others
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
TABLE 1: Global Market Value (US$ Mn) & Volume, 2018 to 2022
TABLE 2: Global Market Value (US$ Mn) & Volume, 2023 to 2033
TABLE 3: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2023 to 2033
TABLE 4: Global Silicon Ferrite Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 5: Global Silicon Ferrite Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 6: Global Silicon Ferrite Segment Market Share, By Region 2018 to 2022
TABLE 7: Global Silicon Ferrite Segment Market Share, By Region 2023 to 2033
TABLE 8: Global Silicon Ferrite Segment Y-o-Y, By Region 2023 to 2033
TABLE 9: Global Iron Powder Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 10: Global Iron Powder Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 11: Global Iron Powder Segment Market Share, By Region 2018 to 2022
TABLE 12: Global Iron Powder Segment Market Share, By Region 2023 to 2033
TABLE 13: Global Iron Powder Segment Y-o-Y, By Region 2023 to 2033
TABLE 14: Global Transformers Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 15: Global Transformers Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 16: Global Transformers Segment Market Share, By Region 2018 to 2022
TABLE 17: Global Transformers Segment Market Share, By Region 2023 to 2033
TABLE 18: Global Transformers Segment Y-o-Y, By Region 2023 to 2033
TABLE 19: Global Transmission Transformers Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 20: Global Transmission Transformers Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 21: Global Transmission Transformers Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Transmission Transformers Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Transmission Transformers Segment Y-o-Y, By Region 2023 to 2033
TABLE 24: Global Portable Transformers Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 25: Global Portable Transformers Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 26: Global Portable Transformers Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Portable Transformers Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Portable Transformers Segment Y-o-Y, By Region 2023 to 2033
TABLE 29: Global Distribution Transformers Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 30: Global Distribution Transformers Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 31: Global Distribution Transformers Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Distribution Transformers Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Distribution Transformers Segment Y-o-Y, By Region 2023 to 2033
TABLE 34: Global Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 35: Global Motors Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 36: Global Motors Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Motors Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 39: Global 1 HP - 100 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 40: Global 1 HP - 100 HP Motors Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 41: Global 1 HP - 100 HP Motors Segment Market Share, By Region 2018 to 2022
TABLE 42: Global 1 HP - 100 HP Motors Segment Market Share, By Region 2023 to 2033
TABLE 43: Global 1 HP - 100 HP Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 44: Global 101 HP - 200 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 45: Global 101 HP - 200 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 46: Global 101 HP - 200 HP Motors Segment Market Share, By Region 2018 to 2022
TABLE 47: Global 101 HP - 200 HP Motors Segment Market Share, By Region 2023 to 2033
TABLE 48: Global 101 HP - 200 HP Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 49: Global 201 HP - 500 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 50: Global 201 HP - 500 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 51: Global 201 HP - 500 HP Motors Segment Market Share, By Region 2018 to 2022
TABLE 52: Global 201 HP - 500 HP Motors Segment Market Share, By Region 2023 to 2033
TABLE 53: Global 201 HP - 500 HP Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 54: Global 501 HP - 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 55: Global 501 HP - 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 56: Global 501 HP - 1000 HP Motors Segment Market Share, By Region 2018 to 2022
TABLE 57: Global 501 HP - 1000 HP Motors Segment Market Share, By Region 2023 to 2033
TABLE 58: Global 501 HP - 1000 HP Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 59: Global Above 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 60: Global Above 1000 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 61: Global Above 1000 HP Motors Segment Market Share, By Region 2018 to 2022
TABLE 62: Global Above 1000 HP Motors Segment Market Share, By Region 2023 to 2033
TABLE 63: Global Above 1000 HP Motors Segment Y-o-Y, By Region 2023 to 2033
TABLE 64: Global Inductors Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 65: Global Inductors Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 66: Global Inductors Segment Market Share, By Region 2018 to 2022
TABLE 67: Global Inductors Segment Market Share, By Region 2023 to 2033
TABLE 68: Global Inductors Segment Y-o-Y, By Region 2023 to 2033
TABLE 69: Global Generators Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 70: Global Generators Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 71: Global Generators Segment Market Share, By Region 2018 to 2022
TABLE 72: Global Generators Segment Market Share, By Region 2023 to 2033
TABLE 73: Global Generators Segment Y-o-Y, By Region 2023 to 2033
TABLE 74: North America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 75: North America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 76: North America Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 77: North America Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 78: North America Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 79: North America Market Value (US$ Mn) & Volume, By Application 2023 to 2033
TABLE 80: Latin America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 81: Latin America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 82: Latin America Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 83: Latin America Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 84: Latin America Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 85: Latin America Market Value (US$ Mn) & Volume, By Application 2023 to 2033
TABLE 86: Europe Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 87: Europe Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 88: Europe Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 89: Europe Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 90: Europe Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 91: Europe Market Value (US$ Mn) & Volume, By Application 2023 to 2033
TABLE 92: Japan Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 93: Japan Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 94: Japan Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 95: Japan Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 96: Japan Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 97: Japan Market Value (US$ Mn) & Volume, By Application 2023 to 2033
TABLE 98: APEJ Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 99: APEJ Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 100: APEJ Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 101: APEJ Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 102: APEJ Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 103: APEJ Market Value (US$ Mn) & Volume, By Application 2023 to 2033
TABLE 104: MEA Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 105: MEA Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 106: MEA Market Value (US$ Mn) & Volume, By Product 2018 to 2022
TABLE 107: MEA Market Value (US$ Mn) & Volume, By Product 2023 to 2033
TABLE 108: MEA Market Value (US$ Mn) & Volume, By Application 2018 to 2022
TABLE 109: MEA Market Value (US$ Mn) & Volume, By Application 2023 to 2033
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List Of Figures
Figure: 1 Global Market Value (US$ Mn), 2018 to 2022
Figure: 2 Global Market Value (US$ Mn) Forecast, 2023 to 2033
Figure: 3 Global Market Value (US$ Mn) and Y-o-Y, 2023 to 2033
Figure: 4 Global Iron Powder Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 5 Global Iron Powder Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 6 Global Silicon Ferrite Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 7 Global Silicon Ferrite Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 8 Global Supermalloy Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 9 Global Supermalloy Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 10 Global Transformers Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 11 Global Transformers Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 12 Global Transformers Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 13 Global Transmission Transformers Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 14 Global Transmission Transformers Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 15 Global Transmission Transformers Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 16 Global Portable Transformers Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 17 Global Portable Transformers Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 18 Global Portable Transformers Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 19 Global Distribution Transformers Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 20 Global Distribution Transformers Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 21 Global Distribution Transformers Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 22 Global Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 23 Global Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 24 Global Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 25 Global 1 HP - 100 HP Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 26 Global 1 HP - 100 HP Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 27 Global 1 HP - 100 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 28 Global 101 HP - 200 HP Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 29 Global 101 HP - 200 HP Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 30 Global 101 HP - 200 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 31 Global 201 HP - 500 HP Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 32 Global 201 HP - 500 HP Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 33 Global 201 HP - 500 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 34 Global 501 HP - 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 35 Global 501 HP - 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 36 Global 501 HP - 1000 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 37 Global Above 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 38 Global Above 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 39 Global Above 1000 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 40 Global Inductors Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 41 Global Inductors Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 42 Global Inductors Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 43 Global Generators Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure: 44 Global Generators Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure: 45 Global Generators Segment Y-o-Y Growth Rate, By Region, 2023 to 2033
Figure: 46 North America Market Value (US$ Mn), By Country 2018 to 2022
Figure: 47 North America Market Value (US$ Mn), By Country 2023 to 2033
Figure: 48 North America Market Value (US$ Mn), By Product 2018 to 2022
Figure: 49 North America Market Value (US$ Mn), By Product 2023 to 2033
Figure: 50 North America Market Value (US$ Mn), By Application 2018 to 2022
Figure: 51 North America Market Value (US$ Mn), By Application 2023 to 2033
Figure: 52 Latin America Market Value (US$ Mn), By Country 2018 to 2022
Figure: 53 Latin America Market Value (US$ Mn), By Country 2023 to 2033
Figure: 54 Latin America Market Value (US$ Mn), By Product 2018 to 2022
Figure: 55 Latin America Market Value (US$ Mn), By Product 2023 to 2033
Figure: 56 Latin America Market Value (US$ Mn), By Application 2018 to 2022
Figure: 57 Latin America Market Value (US$ Mn), By Application 2023 to 2033
Figure: 58 Europe Market Value (US$ Mn), By Country 2018 to 2022
Figure: 59 Europe Market Value (US$ Mn), By Country 2023 to 2033
Figure: 60 Europe Market Value (US$ Mn), By Product 2018 to 2022
Figure: 61 Europe Market Value (US$ Mn), By Product 2023 to 2033
Figure: 62 Europe Market Value (US$ Mn), By Application 2018 to 2022
Figure: 63 Europe Market Value (US$ Mn), By Application 2023 to 2033
Figure: 64 Japan Market Value (US$ Mn), By Country 2018 to 2022
Figure: 65 Japan Market Value (US$ Mn), By Country 2023 to 2033
Figure: 66 Japan Market Value (US$ Mn), By Product 2018 to 2022
Figure: 67 Japan Market Value (US$ Mn), By Product 2023 to 2033
Figure: 68 Japan Market Value (US$ Mn), By 2018 to 2022
Figure: 69 Japan Market Value (US$ Mn), By Application 2023 to 2033
Figure: 70 APEJ Market Value (US$ Mn), By Country 2018 to 2022
Figure: 71 APEJ Market Value (US$ Mn), By Country 2023 to 2033
Figure: 72 APEJ Market Value (US$ Mn), By Product 2018 to 2022
Figure: 73 APEJ Market Value (US$ Mn), By Product 2023 to 2033
Figure: 74 APEJ Market Value (US$ Mn), By Application 2018 to 2022
Figure: 75 APEJ Market Value (US$ Mn), By Application 2023 to 2033
Figure: 76 MEA Market Value (US$ Mn), By Country 2018 to 2022
Figure: 77 MEA Market Value (US$ Mn), By Country 2023 to 2033
Figure: 78 MEA Market Value (US$ Mn), By Product 2018 to 2022
Figure: 79 MEA Market Value (US$ Mn), By Product 2023 to 2033
Figure: 80 MEA Market Value (US$ Mn), By Application 2018 to 2022
Figure: 81 MEA Market Value (US$ Mn), By Application 2023 to 2033
Figure 82: United States Market Value Share, by Product (2023 E to 2033 F)
Figure 83: United States Market Value Share, by Application (2023 E to 2033 F)
Figure 84: Canada Market Value Share, by Product (2023 E to 2033 F)
Figure 85: Canada Market Value Share, by Application (2023 E to 2033 F)
Figure 86: Germany Market Value Share, by Product (2023 E to 2033 F)
Figure 87: Germany Market Value Share, by Application (2023 E to 2033 F)
Figure 88: France Market Value Share, by Product (2023 E to 2033 F)
Figure 89: France Market Value Share, by Application (2023 E to 2033 F)
Figure 90: BENELUX Market Value Share, by Product (2023 E to 2033 F)
Figure 91: BENELUX Market Value Share, by Application (2023 E to 2033 F)
Figure 92: Russia Market Value Share, by Product (2023 E to 2033 F)
Figure 93: Russia Market Value Share, by Application (2023 E to 2033 F)
Figure 94: India Market Value Share, by Product (2023 E to 2033 F)
Figure 95: India Market Value Share, by Application (2023 E to 2033 F)
Figure 96: Malaysia Market Value Share, by Product (2023 E to 2033 F)
Figure 97: Malaysia Market Value Share, by Application (2023 E to 2033 F)
Figure 98: China Market Value Share, by Product (2023 E to 2033 F)
Figure 99: China Market Value Share, by Application (2023 E to 2033 F)
Figure 100: Japan Market Value Share, by Product (2023 E to 2033 F)
Figure 101: Japan Market Value Share, by Application (2023 E to 2033 F)
Figure 102: South Korea Market Value Share, by Product (2023 E to 2033 F)
Figure 103: South Korea Market Value Share, by Application (2023 E to 2033 F)
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- FAQs -
What is the value of the soft magnetic composites market?
The global soft magnetic composites market is valued at US$ 4.5 billion in 2023.
What is the forecasted size of the market for soft magnetic composites for 2033?
Sales of soft magnetic composites are forecasted to reach US$ 8.9 billion by 2033.
What is the estimated CAGR for the SMCs market from 2023 to 2033?
Demand for soft magnetic composites is set to increase at a CAGR of 7% through 2033.
Which product accounts for a prominent market share?
Currently, silicon ferrite holds 60% share of the global market.
Who are the prominent suppliers of soft magnetic composites?
Elna Magnetics, MMG Canada Limited, and Hitachi Metals Ltd. are key providers of soft magnetic composites.
Soft Magnetic Composites (SMCs) Market