Global Soft Ferrite Core Market growing at a CAGR of 5.7% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the global soft ferrite core market is growing with a CAGR of 5.7% and is expected to reach USD 2,937.05 million in 2030 from USD 1,894.54 million in 2022.
The report highlights the increasing use of soft ferrite cores in various end-use industries for power conversion applications. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the soft ferrite core market.
Global Soft Ferrite Core Market By Overview
The soft ferrite core market is bifurcated into type and end-use industry. Based on type, the market is segmented into manganese-zinc ferrite and nickel-zinc ferrite. In 2022, the manganese-zinc ferrite segment accounted for the highest market share in the soft ferrite core market. On the basis of end-use industry, the market is categorized into automotive, electronics, consumer goods, solar, telecommunication, and others. In 2022, the electronics segment accounted for the highest market share in the overall soft ferrite core market.
Get Free SampleMarket Dynamics
Driver:
- The surge in technological advancements in the automotive industry is driving the soft ferrite core market growth.
- The growing use of soft ferrite cores in electronic devices is accelerating market growth.
Restraints:
- The increasing use of soft ferrite cores in renewable energy applications is anticipated to foster market growth.
Opportunity:
- The increasing use of soft ferrite cores in renewable energy applications is anticipated to foster market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Manganese-Zinc Ferrite and Nickel-Zinc Ferrite |
| By End-Use Industry | Automotive, Electronics, Consumer Goods, Solar, Telecommunication, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as COSMO FERRITES LIMITED, MAGNETICS, and Infantron Singapore among others have a strong market position in current market circumstances. Further, the soft ferrite core market is expected to witness significant growth in the coming years due to an increased need for soft ferrite cores in communication infrastructure in the deployment of 5G technology. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- COSMO FERRITES LIMITED
- MAGNETICS
- Infantron Singapore
- MMG India Pvt. Ltd
- Shaanxi Gold-Stone Electronics Co.,Ltd
- TOMITA ELECTRIC CO., LTD.
- PROTERIAL, Ltd.
- Samwha Capacitor Group
- Haining Ferriwo Electronics Co., Ltd.
