What is Global Magnetics Powder Core Market?
The Global Magnetics Powder Core Market is a specialized sector that deals with the production and distribution of magnetic powder cores. These cores are essential components in various industries, including electronics, automotive, and energy. They are primarily used in transformers, inductors, and other electromagnetic devices. The market's value was estimated at US$ 547 million in 2022, and it is projected to grow to US$ 647.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 2.4% from 2023 to 2029.
MPP, Sendust, High Flux, Fe-Si, Others in the Global Magnetics Powder Core Market:
The market is segmented into different types of cores, including MPP, Sendust, High Flux, Fe-Si, and others. MPP, or Molybdenum Permalloy Powder cores, are known for their high permeability and low core losses. Sendust cores, on the other hand, are recognized for their high saturation flux density and excellent temperature stability. High Flux cores are used in applications that require high energy storage, while Fe-Si cores are used in applications that require high saturation flux density. Each of these core types has its unique properties and applications, contributing to the diversity and versatility of the Global Magnetics Powder Core Market.
Photovoltaics and Energy Storage, Electric Vehicles and Charging Piles, Household Appliances, UPS, Telecommunication, Others in the Global Magnetics Powder Core Market:
The Global Magnetics Powder Core Market finds its applications in various sectors. In the field of Photovoltaics and Energy Storage, these cores are used in inverters and converters to ensure efficient energy conversion and storage. In Electric Vehicles and Charging Piles, they are used in the power electronics systems to manage the flow of electricity. In Household Appliances, they are used in motors and other electronic components to improve energy efficiency. In the UPS and Telecommunication sectors, they are used in power supply systems to ensure stable and uninterrupted power supply. Lastly, in other sectors, they are used in a variety of applications, ranging from medical devices to aerospace systems.
Global Magnetics Powder Core Market Outlook:
Looking at the market outlook, the Global Magnetics Powder Core Market was valued at US$ 547 million in 2022. It is expected to grow at a steady pace, reaching a projected value of US$ 647.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period from 2023 to 2029. North America is a significant player in this market, accounting for about 17% of the market share. The top three companies in this market hold about 30% of the market share, indicating a moderately concentrated market structure.
| Report Metric | Details |
| Report Name | Magnetics Powder Core Market |
| Accounted market size in 2023 | US$ 547 million |
| Forecasted market size in 2030 | US$ 647.1 million |
| CAGR | 2.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | POCO Magnetic, ZheJiang NBTM KeDa (KDM), CSC (Changsung Corp.), MAGNETICS, Micrometals, Proterial, Ltd. (Formerly Hitachi Metals), Dongbu Electronic Materials, Samwha Electronics, Qingdao Yunlu Advanced Materials, TDG, DMEGC, CMSS Technology, Nanjing New Conda Magnetic, Sinomag Technology, Amogreentech |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
