Metal Magnetic Powder Core Market Size, Share, Growth, and Industry Analysis, By Type (MPP Core, Sendust Core, High Flux, Fe-Si), By Application (Photovoltaic, New Energy Vehicles, Household Appliances, UPS, Telecommunication and Others), and Regional Forecast From 2024 To 2032

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Metal Magnetic Powder Core Market  Report Overview

The global metal magnetic powder core market size was USD 0.51 billion in 2023 and is projected to grow from USD 0.55 billion in 2024 to USD 0.9 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period. Asia-Pacific holds leading position in metal magnetic powder core market share in 2023.

A metal magnetic powder core is a type of magnetic core made from a powder of ferromagnetic material, such as iron or nickel. The powder is mixed with a binder and then moulded into the desired shape. They are available in a variety of shapes and sizes. The shape of the core is determined by the type of device it will be used in.

They are used in a variety of electronic devices, including inductors, transformers, and motors. They offer a number of advantages over other types of magnetic cores, including high permeability, low hysteresis losses, and good thermal stability.

COVID-19 Impact: Pandemic Decreased the Market Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the metal magnetic powder core market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has had a significant impact on the metal magnetic powder core market share. The lockdown measures implemented by governments across the globe have led to a decline in demand for electronic devices. This is because people were unable to go out and buy electronic devices, or they were not willing to spend money on non-essential items. The shift to work from home has also led to a decline in demand for electronic devices. This is because people were no longer required to use electronic devices for work, and they were also saving money on transportation costs. The COVID-19 pandemic has also led to supply chain disruptions, which has made it difficult for manufacturers to get the materials they need to produce them. This has led to a decline in their supply, which has further increased prices.

Latest Trends

Improved manufacturing processes is expected to fuel the growth in the market

Manufacturers are developing improved manufacturing processes for metal magnetic powder cores that can produce cores with higher quality and lower costs. Powder metallurgy is a manufacturing process that uses powdered materials to create solid objects. This process is used to produce them because it allows for precise control over the size, shape, and composition of the powder. This results in cores with high quality and low costs. These improved manufacturing processes are expected to lead to increased demand for them. This is because they allow for the production of cores with higher quality, lower costs, and more complex shapes. This makes them more suitable for use in a wider range of electronic devices.

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Metal Magnetic Powder Core Market Segmentation

• By Type Analysis

According to type, the market can be segmented into MPP Core, Sendust Core, High Flux, Fe-Si.

•  By Application Analysis

Based on Application, the market can be divided into photovoltaic, new energy vehicles, household appliances, UPS, telecommunication and others.

 Driving Factors

Growing adoption of electric vehicles to foster the market growth

Electric vehicles are becoming increasingly popular due to a number of factors, including government regulations, rising fuel prices, and concerns about climate change. As the number of electric vehicles on the road increases, the demand for metal magnetic powder cores, which are used in the motors of electric vehicles, is expected to grow. Metal magnetic powder cores are used in the motors of electric vehicles because they are able to convert electrical energy into mechanical energy efficiently. This is important for electric vehicles, as it helps to improve their range and performance. In addition, metal magnetic powder cores are relatively low-cost and easy to manufacture, which makes them a cost-effective option for electric vehicle manufacturers.

Expansion of the renewable energy sector to result in the expansion of the market

The renewable energy sector is also expected to create new opportunities for the market. Renewable energy sources, such as wind and solar, require a large number of electronic devices, such as wind turbines and solar panels. These devices use metal magnetic powder cores. They are used in wind turbines and solar panels because they are able to generate and store electrical energy efficiently. This is important for renewable energy devices, as it helps to improve their performance and reliability. In addition, metal magnetic powder cores are relatively low-cost and easy to manufacture, which makes them a cost-effective option for renewable energy device manufacturers.

Restraining Factors

Stringent environmental regulations to hamper the market growth

Many countries have regulations that restrict the use of hazardous materials in the manufacturing of metal magnetic powder cores. This is because these materials can pose a risk to human health and the environment. As a result, manufacturers are being forced to use alternative materials that are less hazardous. These stringent environmental regulations are impacting the market in a number of ways. First, they are increasing the cost of manufacturing them. Second, they are limiting the availability of certain materials that are used in their manufacturing. Third, they are forcing manufacturers to invest in new technologies to reduce emissions and waste.

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Metal Magnetic Powder Core Market Regional Insights

Asia Pacific to lead the market owing to increasing investment in manufacturing. 

The Asia Pacific region has shown the highest metal magnetic powder core market growth. The Asia Pacific region is home to a number of major manufacturing industries, such as electronics, automotive, and aerospace. These industries are expected to invest in new manufacturing technologies, which will create demand for them.

Key Industry Players

Key players are employing advanced technologies in order to stimulate further growth of the market. 

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

LIST OF TOP METAL MAGNETIC POWDER CORE COMPANIES

• CSC (Changsung Corp.): Seoul, South Korea.
• POCO Magnetic: Taipei City, Taiwan.
• ZheJiang NBTM KeDa (KDM): Ningbo, Zhejiang, China.
• Micrometals: Orange, California, United States.
• Hitachi: Tokyo, Japan.
• Dongbu Electronic Materials: Osan-si, Gyeonggi-do, South Korea.
• TDG: Shizuoka, Japan.
• Samwha Electronics: Pyeongtaek-si, Gyeonggi-do, South Korea.
• DMEGC: Ningbo, Zhejiang, China.
• CMSS Technology: Petaling Jaya, Selangor, Malaysia.
• Nanjing New Conda Magnetic: Nanjing, Jiangsu, China.

Report Coverage

This report examines an understanding of the metal magnetic powder core market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.