Global Magnetic Powder Cores Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The magnetic powder cores market has experienced significant growth in recent years, driven by the increasing demand for efficient energy storage, electronic components, and industrial applications. Magnetic powder cores, made from a mix of soft magnetic materials, are crucial in the production of inductors, transformers, and other electronic devices. These components help regulate electrical currents, making them indispensable in various sectors, from automotive to telecommunications. As industries strive to meet higher energy demands and reduce energy loss, magnetic powder cores are gaining more attention for their superior performance in high-frequency applications.
The global market for magnetic powder cores is expected to expand due to advancements in material science and the push for energy-efficient products. In 2023, the market size was valued at approximately $3.6 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. This growth is being fueled by innovations in automotive electronics, renewable energy solutions, and the increasing trend of miniaturization in electronic devices. Moreover, the rise of electric vehicles (EVs) and their requirement for efficient power electronics has also contributed to the growing adoption of magnetic powder cores.
Regions like North America and Europe have seen robust demand for magnetic powder cores, owing to the strong presence of automotive manufacturers, consumer electronics, and industrial equipment companies. Asia-Pacific, particularly China and Global, dominates the market, with the manufacturing of electronic components and automotive production being major drivers of demand. The shift towards renewable energy and electric mobility is further accelerating the demand for these magnetic components in the region.
Despite the growing market potential, challenges remain in optimizing the material costs and performance of magnetic powder cores. Manufacturers are increasingly focusing on improving the core material’s properties, such as magnetic permeability, thermal stability, and core loss characteristics, to meet the evolving needs of various industries. With ongoing research and development in this field, the magnetic powder cores market is expected to continue expanding 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
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Magnetic Powder Cores Market
Solar Power
Automotive
Household Appliances
UPS
Wind Power
Based on Types the Market is categorized into Below types that held the largest Magnetic Powder Cores market share In 2023.
MPP
Sendust
High Flux
Fe-Si
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Magnetic Powder Cores 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 Magnetic Powder Cores Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetic Powder Cores Market, By Type
6. Global Magnetic Powder Cores Market, By Application
7. Global Magnetic Powder Cores Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Magnetic Powder Cores Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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