iCrowdNewswire Feb 19, 2021 1:00 AM ET
The magnetic core is defined as piece of magnetic material with a high magnetic permeability which used to confine, and guide magnetic fields in electrical and magnetic devices including transformers, electric motors, generators, and magnetic recording heads. Powder cores are pressed with inorganic or organic binder which is responsible for storage of energy.
The increase in automotive industry is the key driving factor which is expected to boost the global magnetic powder cores market growth. Magnetic powder cores are part of magnetic materials which possess magnetic property and can be either attracted or repelled when placed in an external magnetic field or can be magnetized naturally. Furthermore, the increase in the product demand in electrical industry is expected to propel the global magnetic powder cores market growth. Moreover, the continuous technological developments will positively influence the market growth during this forecast timeline.
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The fluctuation in the price is the major restraint which may limit the market growth. Also, the increase in COVID-19 pandemic across the globe will significantly affect the growth of global magnetic powder cores market over the forecast period.
The Global Magnetic Powder Cores Market is segmented into type such as MPP, Sendust, High Flux, Fe-Si, and Others. Further, market is segmented into application such as Solar Power, Automotive, Household Appliances, UPS, Wind Power, and Others.
Also, the Global Magnetic Powder Cores Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Hitachi, MAGNETICS, Changsung Corp, POCO Magnetic, Micrometals, TDG, Dongbu Electronic Materials, Zhejiang KEDA Magnetoelectricity, Samwha Electronics, DMEGC, Huzhou Careful Magnetism, etc.
- High Flux
- Solar Power
- Household Appliances
- Wind Power
- North America
- Latin America
- Asia Pacific
Middle East & Africa
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