Global Nanocrystalline Soft Magnetic Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nanocrystalline Soft Magnetic Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The smallest fundamental component of a nanocrystal is called the crystallite, or grain. Materials that have nanocrystals distributed throughout, and have significantly different characteristics as a result, are called nanocrystalline materials. A nanocrystalline (NC) material is a polycrystalline material with a crystallite size of only a few nanometers. Semiconductor nanocrystals with dimensions smaller than 10 nm are also sometimes called quantum dots. The unique mechanical, chemical, electrical, and quantum properties of nanocrystalline materials have driven a great deal of technological advancement in recent decades.

Market Overview:

The latest research study on the global Nanocrystalline Soft Magnetic Materials market finds that the global Nanocrystalline Soft Magnetic Materials market reached a value of USD 318.54 million in 2022. It’s expected that the market will achieve USD 474.57 million by 2028, exhibiting a CAGR of 6.87% during the forecast period.

Nanocrystalline Soft Magnetic Materials Market Drivers

Nanocrystalline soft magnetic materials are constantly developing in new application fields such as new energy (solar energy, wind energy) and electric vehicles. In the emerging application fields, nano crystalline soft magnetic materials are mainly used as the core materials of solar photovoltaic inverter, common mode choke of electric vehicle on-board charger and high frequency transformer, with a huge market increase. Today, the global energy situation is tense, and climate warming is a serious threat to economic development and people's health. All countries in the world are seeking new energy substitution strategies in order to achieve sustainable development and gain a dominant position in future development. As a clean and renewable new energy industry, photovoltaic power generation has attracted worldwide attention. Many governments are increasing their policy support for this industry, taking new energy industries such as solar photovoltaic as an important measure to lead the economic development. Grid-connected photovoltaic inverter is the core power regulating device of photovoltaic system, which can connect photovoltaic power generation to power grid and load. The main electromagnetic components in the grid-connected photovoltaic inverter are output filter inductor, common mode choke and isolation transformer. Among them, the main function of the output filter inductor is to convert PWM modulated wave into sine wave with little distortion, so as to feed clean sine wave to the power grid or load. Common mode choke and high-frequency transformer cores made of nano crystal soft magnetic materials have the characteristics of small volume, light weight and energy saving.
In addition, with the development of smart grid, smart meters will gradually replace the traditional mechanical meters. Precision current transformer is the key component of smart meter. With the construction of smart grid, the market demand of nano crystal soft magnetic materials will also increase.
In the field of power electronics, with the maturity of high-frequency inverter technology, the traditional high-power linear power supply has been largely replaced by high-frequency switching power supply, and in order to improve efficiency and reduce volume, the switching power supply's working frequency is getting higher and higher, which puts forward higher requirements for soft magnetic materials. High-frequency loss of silicon steel is too great to meet the use requirements; Although ferrite has low high frequency loss, there are still many problems under high power conditions. The thickness and resistivity of the thin ribbon of nanocrystalline soft magnetic materials determine that its best application frequency range is in the kHz frequency band, which is just the same as the current frequency band of high-frequency switching power supply, and high-frequency switching power supply has become an important application field of nanocrystalline soft magnetic materials. Nanocrystalline Soft Magnetic Materials has high saturation magnetic inductance, low high frequency loss and good thermal stability, so it is the best choice of soft magnetic materials for high power switching power supply. Nanocrystalline Soft Magnetic Materials has been widely used in inverter welder power supply, and its application in switching power supply in communication, electric vehicles, electrolytic plating and other fields is also developing. The increasing demand of electric power market drives the development of nanocrystalline soft magnetic materials market.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Hitachi Metal is one of the major players operating in the Nanocrystalline Soft Magnetic Materials market, holding a share of 6.33% in 2022.

Hitachi Metals Ltd is a Japan-based company that operates through four segments. The High-Grade Metal Products and Materials segment produces specialty steel, rolls, amorphous metals and cutting tools. The Magnetic Materials and Applications segment produces magnets, soft ferrite, other soft magnetic materials and others. The High-Grade Functional Components and Equipment segment produces casting components, piping components and construction components. The Wires, Cables and Related Products segment produces electric wires and cables, automotive products and information systems. Infrastructure, automobiles and electronics are the target sectors of the company's products.

Advanced Technology & Materials Co., Ltd. (AT&M), established by China Iron & Steel Research Institute Group (CISRI) in Dec. 1998, which is high-tech enterprise approved by Ministry of Science and Technology and Chinese Academy of Sciences, and also a leading high-tech enterprise approved by Beijing Science and Technology Commission. AT&M is located at the Zhongguancun Science Park and underwent a successful IPO on the Shenzhen Stock Exchange in May 2000.

Segmentation Overview:

By type, 14~18 Thickness segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Electric Power segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Nanocrystalline Soft Magnetic Materials market covered in Chapter 3:

China Amorphous Technology
Qingdao Yunlu
Londerful New Material
Vikarsh Nano
Hitachi Metal
Henan Zhongyue
Bomatec
VACUUMSCHMELZE
Advanced Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Nanocrystalline Soft Magnetic Materials market from 2018 to 2029 is primarily split into:

14~18 μm Thickness
18~22 μm Thickness
22~26 μm Thickness

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nanocrystalline Soft Magnetic Materials market from 2018 to 2029 covers:

Consumer Electronics
Renewable Energy
Electric Power
Aerospace
Medica

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)