New York(United States):- Global Soft Magnetic Composites Market Size study, by Material (Electrical Steel, Soft Ferrite, Iron Powder) By Type (1P, 3P, 5P) By Application (Electrical Coils, Motors, Generators, Transformers, Inductors, Sensors, Others) By End Use Industries (Automotive Industrial Machinery & Equipment, Consumer Goods, Power Generation, Others) and Regional Forecasts 2022-2028

Global Soft Magnetic Composites Market is valued approximately USD $billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.

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Soft Magnetic Composites can be described as ferromagnetic powder particles surrounded by an electrical insulating film. These composite materials offer several advantages over traditional laminated steel cores in most applications. The unique properties include very low eddy current loss, relatively low total core loss at medium and high frequencies. Growing consumer electronics industry and rising adoption of wireless charging technology are key drivers for the growth of Soft Magnetic Composites market. For instance, according to India Brand Equity Forum (IBEF)- sales of consumer electronics and appliances in the third quarter of year 2021 increased by 23.5%, as compared with same period in the last fiscal year. Further, electronics hardware production in the country increased from USD 72.38 billion in the year 2019 to USD 89.38 billion in the year 2020. Also, as per global database management company Statista- As of 2022, revenue in the Consumer Electronics segment is reached to USD 758 billion and revenue is expected to show an annual growth rate CAGR of 7.18% between 2022-2025, resulting in a projected market volume of USD 933 billion by the year 2025. Also, with the increasing demand from end use industries and rising penetration of smartphones in emerging economies, the adoption & demand for Soft Magnetic Composites is likely to increase the market growth during the forecast period. However, stringent government regulations in different regions impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Soft Magnetic Composites Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and growing automotive industry in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as booming automotive and consumer electronics industries in countries like China, Japan, and India would create lucrative growth prospects for the Soft Magnetic Composites Market across Asia-Pacific region.

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Major market player included in this report are: Steward Advanced Materials Inc, GKN Sinter Metals, Dexter Magnetics, MMG Canada Limited, Magnetics, AMES, Elna Magnetics, Hitachi Metals Ltd, Arnold Magnetic Technologies Corp, Electron Energy Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Material: Electrical Steel Soft Ferrite Iron Powder By Type: 1P 3P 5P By Application: Electrical Coils Motors Generators Transformers Inductors Sensors Others By End Use Industries: Automotive Industrial Machinery & Equipment Consumer Goods Power Generation Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE

Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World

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