Amorphous Soft Magnetic Materials Market by Application (Electronic Article Surveillance, Flexible Antenna, Magnetic Sensors, Magnetic Shielding, Transformers, Others), by North America (By Application, By Country), by Europe (By Application, By Country), by Asia Pacific (By Application, By Country), by Latin America (By Application, By Country), by Middle East & Africa (By Application, By Sub-Region) Forecast 2024-2032
The Amorphous Soft Magnetic Materials Market size was valued at USD 522.4 USD Million in 2023 and is projected to reach USD 739.98 USD Million by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Amorphous soft magnetic materials belong to a class of exclusive materials with outstanding magnetic as well as mechanical properties. They stand out for their unusual and exceptional features. Meanwhile, their amorphous amicable brethren, do not possess any specific determined atomic structure and order, thus behaving unconventionally. In this context, atomic disorder causes both better eddy current losses and magnetostriction, which are advantageous for operations that require high frequencies like transformers and inductors. One of the main benefits offered by amorphous soft magnetic materials is their ability to be moulded into intricate geometries, which contribute to compact and lightweight designs of electronic devices. Their intrinsic soft magnetic properties permit smooth energy conversion and minimize the hysteresis losses thereby becoming energy efficient power electronics solutions in various high-power applications. What is more, these amorphous soft magnets lack certain metallic properties and thus ensure extreme corrosion resistance and thermal stability which make the materials reliable for harsh operating conditions. Continuous evolution in material synthesis approaches and alloy configurations also enables the researchers to bring about more performances to beneficial ends, including the size reduction and energy efficiency enhancement of electronic and electrical equipment and systems. Today, as in a semi-liquid state, soft magnetic materials serve as adaptable elements playing a central role in energy conversion and transmission development.
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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