Magnetic powder core is a form of ferromagnetic material used for various electrical and electronic applications. It is composed of metal powder, ferrite or powdered iron, which is compressed and sintered to form a solid material. The magnetic powder core is used to create inductors and transformers, as well as to act as a magnetic shield. It is also used in electric motors, filters, and power supplies.
The increasing demand for high-efficiency electrical and electronic components is driving the growth of the market. Other factors such as increased demand for small-sized, lightweight, and easy-to-install components, as well as the growing demand for sophisticated electric vehicles and consumer electronics, are further contributing to the growth of the magnetic powder core market. Moreover, the increasing investment in R&D activities for the development of advanced magnetic powder core technology is expected to have a positive impact on the global market.
The global Magnetics Powder Core market was valued at US$ 547 million in 2022 and is anticipated to reach US$ 647.1 million by 2029, witnessing a CAGR of 2.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Magnetics Powder Core Market available at: https://www.themarketreports.com/report/global-magnetics-powder-core-market-research-report
This report aims to provide a comprehensive presentation of the global market for Magnetics Powder Core, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnetics Powder Core.
The key players are MAGNETICS, CSC (Changsung Corp.), POCO Magnetic, TDG, Dongbu Electronic Materials, Samwha Electronics, DMEGC, Nanjing New Conda Magnetic Industrial etc. Top 3 companies occupied about 30% market share.
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