A new Fact.MR study has envisaged the nano-crystalline soft magnetic materials market to reflect a splendid 10.3% value CAGR in the period of forecast, 2018 to 2028.
Rockville, MD, May 17, 2018 (GLOBE NEWSWIRE) — Research interests in nano-crystalline soft magnetic materials have surged on the coattails of their unique microstructure and attractive magnetic properties. Innovative nano-crystalline soft magnetic materials have been spearheading electrical and electronics engineering since the recent past. Fact.MR’s recent study foresees the global nano-crystalline soft magnetic materials market to record a spectacular 9.8% volume CAGR between the forecast period 2018 and 2028.
Currently, these materials seek extensive adoption for application in electrical appliances and transmission, which significantly account for electricity consumption worldwide. Soft magnetic materials with high Fe content, which feature nanoheteromorphous self-organizing structure, are being increasingly employed in electrical transport, as an effective means to reduce worldwide electricity consumption.
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Nano-crystalline Soft Magnetic Materials Market: Automotive Industry Emerges as a Key End-Use Vertical
Automotive industry is demonstrating increased demand for electrical systems that impart enhanced efficiency and reliability. The industry is also seeking compact electrical components as a replacement for large space-occupying components such as inductors. Shifting focus of automakers toward small dimensions for optimizing the overall vehicle efficiency will create new avenues for nano-crystalline soft magnetic materials.
Electro-mobility is considered to be one of the most recent and dynamically emerging area where nano-crystalline soft magnetic materials will seek huge adoption. In electric vehicles, such as plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV), unwanted high-frequency electromagnetic interference (EMI) noise occurs which strains the operations of the computer-controlled self-driving system. Therefore, demand for solid solutions are on the rise as a consequence of EMI, and the requirement will further surge significantly as Silicon devices are being replaced with next-generation semiconductors such as SiC and GaN.
Open designs of EMI chokes are being developed, such as SCHURTER’s new DKIH series, which hold potential in suppressing EMI noise. Additionally nano-crystalline cores are resilient to higher operational temperatures perceived in automotive applications. These benefits of nano-crystalline soft magnetic materials will rub off on their future implementation in automotive applications worldwide.
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Application Lucrativeness of Nano-Crystalline Soft Magnetic Materials in Transformers Likely to Soar Higher
Distinguishing feature of nano-crystalline soft magnetic materials – low energy loss at low frequencies – has paved new avenues for their application in transformers. Transformers using electrical steel core illustrate higher energy loss owing to high frequency ranges. Downsizing the system entails challenges such as suppression of temperature rise on account of energy loss.
High flux density and magnetic permeability of nano-crystalline soft magnetic materials has gained widespread attention of electrical transmission industry, with regard to their use in transformer cores. Application of nano-crystalline soft magnetic materials in transformer cores in switched-mode power supplies, ISDNs and chokes are already being commercialized across the globe. Increased emphasis on energy conservation is likely to drive their demand in design of larger transformers in the foreseeable future.
Promising Future for Nano-Crystalline Soft Magnetic Materials Market
Despite being a relatively new concept, researchers across the globe have been exploring several potential benefits and applications of nano-crystalline soft magnetic materials. Many lucrative applications have been discovered based on special attributes of nano-crystalline soft magnetic materials, such as electrical power transmission, and electro-mobility.
Research-efforts are now being directed toward benefits of combining more than one desirable properties of nano-crystalline soft magnetic materials for extending their application scope. Currently, WC-Co nano-composites and bulk nano-structured iron-based soft magnetic alloys have sought widespread industrial uses. Future developments and demand for these materials look promising as more research efforts are being taken apropos of their chemical, magnetic and structural applications.
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