Magnetics Powder Core Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The global Magnetics Powder Core market was valued at approximately USD 3.9 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market growth is attributed to increasing demand from various industries such as automotive, consumer electronics, and renewable energy. The Asia Pacific region, especially China, holds the largest market share, accounting for over 40% of the global market in 2022. This dominance is driven by the region’s rapid industrialization, high electronics manufacturing, and the growing electric vehicle market. North America and Europe also hold substantial shares, with North America valued at USD 0.9 billion in 2022 and Europe contributing around USD 0.8 billion in the same year. The demand for Magnetics Powder Cores in these regions is primarily fueled by advancements in power electronics and the increasing need for energy efficient solutions in power transformers and inductors.
In terms of regional opportunities, the Asia Pacific region is expected to continue its dominance due to its expanding manufacturing capabilities and technological advancements. The rise in electric vehicle adoption and renewable energy infrastructure in countries like India and Japan is also expected to contribute significantly to the market’s growth. Meanwhile, the North American and European markets are set to see steady growth, with rising investments in power electronics and renewable energy projects. The market in Latin America and the Middle East & Africa is also emerging, with a CAGR forecast of around 5.8% due to infrastructure development and increased focus on energy efficient devices. These regions represent potential opportunities for manufacturers looking to expand their reach in the coming years.
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MAGNETICS
CSC (Changsung Corp.)
POCO Magnetic
Hitachi
Micrometals
TDG
Dongbu Electronic Materials
Zhejiang KEDA Magnetoelectricity (KDM)
Samwha Electronics
DMEGC
Huzhou Careful Magnetism
Nanjing New Conda Magnetic Industrial
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Magnetics Powder Core Market
Iron Powder Cores
Soft Magnetic Alloys
Composite Material Cores
Ferrite-Based Cores
Transformers
Inductors
Chokes
Motor Applications
Power Supply Units
Closed Magnetic Circuit
Open Magnetic Circuit
Toroidal Cores
Stacked Cores
Electrical and Electronics
Automotive
Telecommunications
Aerospace
Consumer Electronics
Small-Sized Cores
Medium-Sized Cores
Large-Sized Cores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Magnetics Powder Core Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Magnetics Powder Core Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetics Powder Core Market, By Type
6. Global Magnetics Powder Core Market, By Application
7. Global Magnetics Powder Core Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Magnetics Powder Core Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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