Nanocrystalline Soft Magnetic Material Market Size, Share Global Analysis Report, 2019 - 2026

Industry Insights

[110+ Pages Report] According to the report published by Facts Factors, the global nanocrystalline soft magnetic material market size was worth around USD 230 million in 2019 and is predicted to grow to around USD 470 million by 2026 with a compound annual growth rate (CAGR) of roughly 10% between 2020 and 2026. The report analyzes the global nanocrystalline soft magnetic material market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the nanocrystalline soft magnetic material market.

The report encompasses the forecast as well as an analysis of the nanocrystalline soft magnetic material market on the global and regional levels. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and volume (Kilo Tons). Additionally, the report also demonstrates the market drivers, restraints, opportunities, and challenges. 

The nanocrystalline soft magnetic material market study exhibits a comprehensive analysis of the present and future market trends across the globe. The study provides crucial data referring to the industry size and profit estimation of the market.

The study also illustrates the competitive landscape of key manufacturers in the market with their product offerings and regional expansion activities. The nanocrystalline soft magnetic material report also includes participants’ financial overview which consists of an assessment of revenue outcomes, sales volume, gross margin, cash flow, capital investment, and nanocrystalline soft magnetic material growth rate which will allow clients to gain intact knowledge of participants’ financial strengths and position in the global nanocrystalline soft magnetic material market.

Key Insights from Primary Research

• According to the primary respondents, the global nanocrystalline soft magnetic material market is set to grow annually at a rate of around 10%
• The market was valued at around USD 230 million, in 2019 and is estimated to reach around USD 470 million, in 2026.
• In 2019, the “distribution transformer” category dominated the application segmentation of the market and accounted for more than 35% of the market share.
• The Asia Pacific accounted for the largest market share of the global nanocrystalline soft magnetic material market, in 2019.  
• In 2019, China dominated the global nanocrystalline soft magnetic material market.

Key Recommendations from Analysts

• As per our analysts, the global nanocrystalline soft magnetic material market is projected to witness significant growth in the forecast period of 2020 - 2026. The growing adoption of nanocrystalline soft magnetic material in the electronics industry is expected to boost market growth.
• The surge in demand for magnetic materials in various electronic devices and technological advancements are expected to offer lucrative growth opportunities in the forecast period.    
• The Asia Pacific is the potential region for the global nanocrystalline soft magnetic material market. The surging demand for transformers in various industries is further likely to enhance the consumption of nanocrystalline soft magnetic materials.
• Distribution transformers are a major application of the global nanocrystalline soft magnetic material market.
• Growing at a CAGR around 10%, the global nanocrystalline soft magnetic material market provides several opportunities for the new entrants and raw material suppliers.
• The major players are focusing on expanding its production volume. For instance, Hitachi has recently announced its plan to increase its production capacity of Finemet nano-crystalline soft magnetic material.

Market Attractiveness – By Application

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The study provides a decisive view of the nanocrystalline soft magnetic material market by segmenting the nanocrystalline soft magnetic material market based on application and regions. The segments are analyzed based on present and future developments and the market is estimated from 2020 to 2026.

The geographical segment includes the present and forecast demand for the Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The global nanocrystalline soft magnetic material market is segmented based on application.  In terms of application, the market segment is divided into a distribution transformer, electric machinery, electronic components, and others.

Report Scope

The rising demand for nanocrystalline soft magnetic material in distribution transformers is anticipated to drive the global nanocrystalline soft magnetic material market. Moreover, the increasing concern towards energy efficiency is expected to increase the application of nanocrystalline soft magnetic material.  

Some of the leading players in the global market include

• China Amorphous Technology
• Qingdao Yunlu
• Advanced Technology
• Hitachi Metal
• Henan Zhongyue
• Londerful Naew Material
• Zhaojing Incorporated
• Junhua Technology
• Orient Group
• Shenke
• Foshan Huaxin 

This report segments the Nanocrystalline Soft Magnetic Material market as follows:

By Application Segment Analysis

• Distribution Transformer
• Electric Machinery
• Electronic Components
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth.