Nanocrystalline Soft Magnetic Material Industry Analysis in Western Europe
Study on Nanocrystalline Soft Magnetic Materials in Western Europe 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 Germany, United Kingdom, France, Italy, Spain, Nordic, BENELUX, and Rest of Western Europe
Nanocrystalline Soft Magnetic Material Sales Outlook for Western Europe (2024 to 2034)
A newly published market analysis by Fact.MR reveals that sales of nanocrystalline soft magnetic materials in Western Europe are estimated at US$ 1.74 billion in 2024 and are forecasted to rise at 9.8% CAGR to reach US$ 4.43 billion by 2034-end.
Nanocrystalline soft magnetic materials provide superior magnetic properties in comparison to conventional materials. They exhibit low coercivity, high permeability, and low core losses, therefore making them highly desirable for numerous applications, for instance, motors, inductors, etc. Technological advancements along with an increased demand for more compact and efficient electronic devices are further contributing to the requirements for materials matching these needs.
Growing concentration on renewable energy sources, including solar and wind power, etc. is generating demand for effective power conversion as well as distribution systems. Nanocrystalline soft magnetic materials are pivotal in transformers and similar components to reduce losses and improve energy efficiency, which aligns with the set sustainability goals of numerous countries in Western Europe.
The popular trend for the miniaturization of electronic devices is projected to increase the manufacturing of lighter and smaller components without any compromise with performance. IoT devices, wearable devices, and smartphones are essential products driving demand for nanocrystalline soft magnetic materials in Western Europe.
| Report Attributes | Details |
|---|---|
| Nanocrystalline Soft Magnetic Material Sales in Western Europe (2024E) | US$ 1.74 Billion |
| Projected Sales (2034F) | US$ 4.43 Billion |
| Demand Growth (2024 to 2034) | 9.8% CAGR |
| Sales in United Kingdom (2024E) | US$ 288.1 Million |
| Demand Growth in Italy (2024 to 2034) | 11.5% CAGR |
| Demand Growth for Two-dimensional NCSMM (2024 to 2034) | 11.7% CAGR |
| Market Share of Consumer Electronics & Applications (2024E) | >40% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What Opportunities Await Suppliers of Nanocrystalline Soft Magnetic Materials in Western Europe?
“Growing Concentration on Renewable Energy Sources Driving Demand for NCSMM”
A majority of countries in Western Europe have intensified their commitment to a noticeable transition to sustainable energy sources, including solar and wind power. This leads to the rising demand for efficient power conversion and distribution systems for smooth delivery of renewable energy. Therefore, an increasing demand for nanocrystalline soft magnetic materials is encountered owing to their exceptional magnetic properties.
A myriad of benefits are offered by nanocrystalline soft magnetic materials in renewable energy infrastructure. These materials exhibit remarkably low coercivity and high permeability. This unique combination enables inductors and transformers fabricated with NCSMM to operate with enhanced efficiency, thus facilitating a seamless conversion and transmission of energy with minimal losses.
Deployment of nanocrystalline soft magnetic materials in renewable energy systems fosters greater energy sustainability and promotes technological innovation and economic expansion in the region. More countries in Western Europe prioritize increasing their renewable energy capacity, therefore requirement for certain advanced materials is anticipated to rise. This is projected to stimulate investment in burgeoning green technology.
Country-wise Insights
Why is Demand for Nanocrystalline Soft Magnetic Materials Increasing Significantly in Germany?
“Efficiency of Nanocrystalline Soft Magnetic Materials in Energy Applications”
| Attribute | Germany |
|---|---|
| Market Value (2024E) | US$ 415.7 Million |
| Growth Rate (2024 to 2034) | 9.3% CAGR |
| Projected Value (2034F) | US$ 1.01 Billion |
Nanocrystalline soft magnetic materials provide low coercivity and high magnetic permeability, therefore making them highly effective for numerous energy applications, including inductors, motors, and transformers. Growing emphasis on renewable energy sources, such as solar and wind power, is projected to increase the requirement for efficient energy conversion as well as transmission systems, which are projected to increase sales for nanocrystalline soft magnetic materials in Germany.
What’s Compelling NCSMM Companies to Invest in France?
“Presence of High-tech Manufacturing Sector Fueling Demand for NCSMM”
| Attribute | France |
|---|---|
| Market Value (2024E) | US$ 260.3 Million |
| Growth Rate (2024 to 2034) | 12.1% CAGR |
| Projected Value (2034F) | US$ 815 Million |
The government in France has been promoting the adoption of electric vehicles at a larger scale to minimize dependency on fossil fuels and reduce emissions. Nanocrystalline soft magnetic materials are pivotal for electric components and other similar components in electric vehicles owing to their low power losses and high magnetic permeability. A positive impact on the sales of nanocrystalline soft magnetic materials is experienced by the rising demand for electric vehicles in France.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Insights
What is Responsible for Rising Prominence of Nanocrystalline Soft Magnetic Materials in Motors?
“Growing Efficiency of Nanocrystalline Soft Magnetic Materials Increasing Adoption in Motors”
| Attribute | Motors |
|---|---|
| Segment Value (2024E) | US$ 598.9 Million |
| Growth Rate (2024 to 2034) | 9.9% CAGR |
| Projected Value (2034F) | US$ 1.54 Billion |
Nanocrystalline soft magnetic materials are easily available for utilization in devices, including power filters, current sensing systems, and high-frequency transformers. Electric motors, which are manufactured with nanocrystalline soft magnetic materials are projected to be more effective compared to other options available in the market. A growing adoption of nanocrystalline soft magnetic materials in numerous domains, including electric vehicles, etc. is forecasted to contribute to market expansion.
Why are Nanocrystalline Soft Magnetic Materials Becoming Popular in Consumer Electronics & Applications?
“Rising Demand for High-quality Electrical Components Stimulating Demand for NCSMM”
| Attribute | Consumer Electronics & Applications |
|---|---|
| Segment Value (2024E) | US$ 700 Million |
| Growth Rate (2024 to 2034) | 10.2% CAGR |
| Projected Value (2034F) | US$ 1.85 Billion |
High demand for nanocrystalline soft magnetic materials in consumer electronics & applications is owing to their rising use in producing toroidal cores, which are further used in electronics. Nanocrystalline soft magnetic materials are considered a vital component in numerous electrical devices in the electrical & electronics sectors. Increasing requirements for high-quality and more efficient electrical components for optimum solutions are contributing to the adoption of NCSMM.
Competition Landscape
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that manufacturers of nanocrystalline soft magnetic materials are incorporating numerous strategies for enriching their product portfolio and increasing their profit share. They are actively engaged in the management of their supply chain systems, new developments, and offering quality products. Ames Laboratory, Hitachi Metals Europe GmbH, Arnold Magnetic Technologies, and Vacuumschmelze are some of the leading suppliers of nanocrystalline soft magnetic materials in Western Europe.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Nanocrystalline Soft Magnetic Material Study in Western Europe
-
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
-
By Country :
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- BENELUX
- Rest of Western Europe
- FAQs -
What is the sales value of nanocrystalline soft magnetic materials in Western Europe?
Demand for nanocrystalline soft magnetic materials in Western Europe is estimated to reach a value of US$ 1.74 billion in 2024.
What valuation are the sales of nanocrystalline soft magnetic materials projected to reach by 2034?
The market in Western Europe is projected to reach US$ 4.43 billion by 2034.
What is the forecasted growth rate for nanocrystalline soft magnetic materials demand from 2024 to 2034?
Sales of nanocrystalline soft magnetic materials are projected to rise at a CAGR of 9.8% from 2024 to 2034.
What is the calculated market share of consumer electronics & applications in 2024?
Consumer electronics & applications are forecasted to hold more than 40% market share in 2024.
What is the demand value for nanocrystalline soft magnetic materials in the United Kingdom?
Demand for nanocrystalline soft magnetic materials in the United Kingdom is calculated at US$ 288.1 million in 2024.
At what CAGR are the sales of nanocrystalline soft magnetic materials anticipated to rise in Italy?
Sales of nanocrystalline soft magnetic materials in Italy are projected to rise at a CAGR of 11.5% from 2024 to 2034.
What is the demand outlook for two-dimensional nanocrystalline soft magnetic materials?
Demand for two-dimensional nanocrystalline soft magnetic materials is projected to accelerate at a CAGR of 11.7%.
Nanocrystalline Soft Magnetic Material Industry Analysis in Western Europe