Soft Ferrite Market Anticipated to Achieve High CAGR Percentages by 2027

Posted by Arslan on July 3rd, 2019

In order to dissert the market scenario prevailing across the soft ferrite market sector, FactMR has evenly presented a comprehensive soft ferrite market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the soft ferrite market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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Soft Ferrite Manufacturers Focus on Expansion of Foothold in Emerging Economies

The soft ferrite market space remains highly competitive, wherein the leading players account for a significant revenue share. The manufacturers of soft ferrite have been continually emphasizing on business expansion across potential markets such as Asia Pacific and many other emerging economies. For instance- GKN Driveline, a division of GKN plc, introduced new technology centers and production facilities in the Asia Pacific region in a bid to expand its operations. Hitachi Metals, another key player in the soft ferrite market, also focuses on implementation of global strategies for business expansion across India and China, two of the rapidly evolving automotive markets.

Key players of soft ferrite market are also focusing on organic growth and product development strategies aimed at improving the sales & distribution network and to reinvigorate their operational efficiencies. In addition to that, the key players are also reinforcing the production and marketing framework to reap sizeable gains via increased production.

Practice of incorporating additives with ferrites, both hard and soft, is being extensively exercised. Competency of additives to significantly enhance the magnetic properties of ferrites by influencing their grain growth and density is predominantly spurring their adoption. Favorable studies acknowledging role of additives in enhancing properties such as grain growth, power loss, electric resistance, and permeability, is intensifying its importance in case of ferrites, both hard and soft.

Some of the commonly used additives include calcium oxide (CaO), silicon dioxide (SiO?), titanium dioxide (TiO₂), and many more. Moreover, use of additives is also believed to have positive impacts on permeability, which remains one of the highly-valued characteristics in case of soft ferrite.

Modern Electronic and Electrical Systems Trigger Adoption of Soft Ferrite

Soft magnetic materials, such as soft ferrite, are gaining prominence in case of modern electrical and electronic systems on the back of their adaptability to the new-age realities. The role of soft ferrite in amplification of the flux generated is fostering its adoption in case of alternating current (AC) and direct current (DC) electrical circuits.

Soft ferrite is being extensively sought-after across multiple applications including electric motors, relays, magnetic shielding, solenoids, electrical power generation and transmission, and so on. An evolving energy paradigm, which illustrates higher reliance on renewable energy sources and elevated concern for high-scale energy efficiency, has stimulated research into energy-related technologies. Particulars as such provide sizeable credence to the fact that soft ferrite is likely to witness a health adoption in the modern electronic and electrical systems.

Soft Ferrite Market- Competitive Landscape

The FactMR report on soft ferrite market provides incisive insights on the competitive dynamics in the soft ferrite market. In this section of soft ferrite market report, details such as key financials, key product developments, and strategies of the leading players in the soft ferrite market have been discussed. Hitachi Metals Ltd., a leading player in the soft ferrite market, established a Global Research & Innovative Technology Center (GRIT) in the year 2017, as a part of its strategy to solidify its product portfolio with periodic technological advances. The establishment of this research center was a solid step toward R&D efforts of the company. GKN plc., a leading player in the soft ferrite market acquired Fokker Technologies Group B.V. in the year 2015. This acquisition was aimed at reinvigorating a wide range of capabilities in case of composite as well as advanced metallic products.