Press release
Soft Magnetic Composites (SMCs) Market to reach USD 42,356.6 million from USD 21,375.1 million in-between 2018-2027
Soft magnetic composites or SMCs are known for its superior chemical properties and thus find amplified utilization across end user industries, specifically, in the automotive and electronics industry. Application of SMCs in traction motors, pumps, AC/DC converters and others helps to reduce the power loss which on the other hand raises the efficiency of the motor. SMCs also find massive application in the production of electric and hybrid vehicles. The rising application across end use industries of SMCs is therefore anticipated to act as the key growth driver for the global SMCs market.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-2214
The global SMCs market is anticipated to record a CAGR of 8.2% during the forecast period, i.e. 2020-2027. The market is further slated to reach USD 42,356.6 million from USD 21,375.1 million in-between 2018-2027. The global SMCs market is segmented by application into motors, compressors, transformers, generators and others. Among these segments, motors segment is anticipated to hold the largest market share of around 50.24% in the year 2027.
The conversion efficiency of the motor from electrical energy to mechanical energy is highly impacted on account of application of SMCs in electric motors. Further, power loss is a common issue faced by motors, which can be mitigated by applying amorphous alloy and Si-Fe steel material type of SMCs in such motors.
Geographically, the global SMCs market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia Pacific is anticipated to hold the largest market share of around 43.26% in the year 2027. The region is blessed by nations such as China, India, Japan, Australia and other Southeast Asian countries, where SMCs are wide used across end use industries. Moreover, China is known to be a leader in the production of iron ore, which is a key material for the manufacturing of SMCs. Such factors are anticipated top drive the growth of the market in the region in the upcoming years.
However, concerns for high fluctuations in the price of raw materials used to manufacture SMCs is estimated to act as a barrier to the growth of the global SMCs market.
This report also studies existing competitive scenario of some of the key players of the global SMCs market, which includes profiling:
Hitachi Metals, Ltd. (tyo:5486),
Hoganas AB,
VACUUMSCHMELZE GmbH & Co. KG,
PMG Holding GmbH,
Horizon Technology Inc.,
Fluxtrol Inc.,
Sintex a/s,
Shenzhen City Ri Shengchang Magnet Technology Co., Ltd.,
AMES, and MMG Canada Limited.
Get More Info @ https://www.researchnester.com/reports/soft-magnetic-composites-market/2214
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Soft Magnetic Composites (SMCs) Market - Global Demand Analysis & Opportunity Outlook 2027", analyses the overall global SMCs industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global SMCs market in the near future.
Contact Us:
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soft Magnetic Composites (SMCs) Market to reach USD 42,356.6 million from USD 21,375.1 million in-between 2018-2027 here
News-ID: 1906985 • Views: …
More Releases from Research Nester PVT LTD
Chemical Fertilizers Market Outlook By Industry Size, Share, Revenue, Regions An …
The chemical fertilizers market has been segmented into macronutrients, micronutrients, application and forms. Based on macronutrients, the market has been segmented into nitrogen based fertilizers, phosphate based fertilizers and potash based fertilizers.
Among these segments, the nitrogen based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen…
Glass Coating Market Overview By Share, Size, Industry Players, Revenue And Prod …
The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions.
According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest…
Insect Repellent Market Outlook By Industry Size, Share, Revenue, Regions And To …
The global insect repellent market is segmented by repellent type into coils, liquid vaporizers, sprays/aerosol, mats, cream and oil; by ingredient into natural and synthetic; by sales channel into online and offline and by regions. The insect repellent market is anticipated to mask a CAGR of 8.3% during the forecast period i.e. 2019-2027.
The rising penetration of insect repellents in untapped rural markets across the developing countries as well as…
Waterproofing Chemicals Market 2017 Share Growing Rapidly With Latest Trends, De …
The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM. Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented into Roofing and Walls, Flooring,…
More Releases for SMCs
Soft Magnetic Composites (SMCs) Market Analysis & Top Players Steward Advanced M …
Global Soft Magnetic Composites (SMCs) Market to Grow Rapidly due to Increasing Applications in End-use Industries
Compact, high-performance, and cost-effective electromagnetic composites are often made with SMCs. These composites are primarily used in the production of automotive components such as traction motors, air conditioning compressors, pumps, on-board chargers, and other components. The rise of SMCs can be attributed to an increase in demand for solar panels, which has resulted in a…
Soft Magnetic Composites (SMCs) Market -A Compressive Study by Current Updated a …
Global Soft Magnetic Composites (SMCs) Market to Grow Rapidly due to Increasing Applications in End-use Industries
Compact, high-performance, and cost-effective electromagnetic composites are often made with SMCs. These composites are primarily used in the production of automotive components such as traction motors, air conditioning compressors, pumps, on-board chargers, and other components. The rise of SMCs can be attributed to an increase in demand for solar panels, which has resulted in a…
Soft Magnetic Composites (SMCs) Market is set to expand at a CAGR of 6.5% over t …
Growing automotive and electrical industry across the globe, especially in India and China, has cascaded the demand growth of the global soft magnetic composites (SMCs) market. Promising regions such as Europe, Japan, and North America too have provided a platform for the growth of the global soft magnetic composites market, owing to rapid growth of the mentioned sectors.
Cost-effective and compact electromagnetic components made out of novel SMCs are set…
Soft Magnetic Composites (SMCs) Market Facts, Figures and Analytical Insights 20 …
The new report on the Global Soft Magnetic Composites Market gives estimations of the size of the international market and the overall size and share of key regional segments during the historical assessment period of 2013 - 2017. The soft magnetic composites market is expected to register CAGR of 6.7% between 2018 and 2027, according to the report. The business knowledge study offers users with a granular analysis of key…
Soft Magnetic Composites (SMCs) Market Growth Set to Surge Significantly during …
The global soft magnetic composites (SMCs) market is anticipated grow at a CAGR of xx% over the forecast period 2019-2029. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the soft magnetic composites (SMCs) market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts,…
Global Soft Magnetic Composites (SMCs) Market Size, Share, Trends, Growth & Fore …
A recent report by KD market insights titled as “Soft Magnetic Composites (SMCs) Market – By Material Type (Soft Magnetic Composites, Soft Ferrite, Fe Amorphous, Nano Crystalline), By Product Type (Pure Iron / Iron, Ply Yarn, Supermalloy, Permalloy), By Application (Transformers, Motors, Inductors, Generators) & Global Region – Market Size, Share, Trends and Forecast 2018-2023” provides the key trends, opportunities and challenges market will face in the forecasted period of…
