Global Soft Magnetic Materials Market Size & Outlook
Global soft magnetic materials market, 2016-2027 (US$M)
Related Markets
Global soft magnetic materials market highlights
- The global soft magnetic materials market generated a revenue of USD 19,228.3 million in 2019 and is expected to reach USD 26,124.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 3.9% by 2027.
- In terms of segment, motors accounted for a revenue of USD 9,794.9 million in 2019.
- Motors is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Italy is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 19,228.3 million |
| Market revenue in 2027 | USD 26,124.0 million |
| Growth rate | 3.9% (CAGR from 2019 to 2027) |
| Largest segment | Motors |
| Fastest growing segment | Motors |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Motors, Transformers, Alternators |
Other key industry trends
- In terms of revenue, the North America accounted for 15.1% of the global soft magnetic materials market in 2019.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Italy is the fastest growing regional market and is projected to reach USD 772.4 million by 2027.
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Soft Magnetic Materials Market Scope
Soft Magnetic Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global soft magnetic materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to soft magnetic materials market will help companies and investors design strategic landscapes.
Motors was the largest segment with a revenue share of 50.94% in 2019. Horizon Databook has segmented the Global soft magnetic materials market based on motors, transformers, alternators covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Soft Magnetic Materials Application Outlook (Revenue, USD Million, 2016-2027)
- Motors
- Transformers
- Alternators
- Others
- Global Soft Magnetic Materials Product Outlook (Revenue, USD Million, 2016-2027)
- SiFe/Electrical steel
- Ferrites
- NiFe/permalloys
- Others
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Our clientele includes a mix of soft magnetic materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global soft magnetic materials market, including forecasts for subscribers. This global databook contains high-level insights into Global soft magnetic materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global soft magnetic materials market size, by regions, 2016-2027 (US$M)
Top 10 countries: Soft magnetic materials market size, 2019 (US$M)
Global soft magnetic materials market share, by application, 2019 & 2027 (%, US$M)
Soft magnetic materials market: Opportunity assessment by country
Global soft magnetic materials market, by region, 2019 (US$M)
| Application | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,888.6 | 4,265.5 | 4,370.3 | 2,905.4 | 2,897.0 | 3,010.0 | 3,139.3 | 3,291.0 | 3,460.5 | 3,648.1 | 3,858.7 | 4,094.4 | 4.4% |
| Europe | 6,649.0 | 7,772.7 | 9,716.9 | 7,245.7 | 7,034.9 | 7,137.2 | 7,298.8 | 7,527.4 | 7,832.7 | 8,204.8 | 8,652.5 | 9,136.4 | 2.9% |
| Asia Pacific | 6,396.2 | 5,333.5 | 7,949.8 | 7,626.6 | 7,456.8 | 7,648.7 | 7,948.8 | 8,343.6 | 8,820.0 | 9,378.2 | 10,029.1 | 10,810.1 | 4.5% |
| Latin America | 286.5 | 375.4 | 416.7 | 427.2 | 423.4 | 2,300.2 | 443.3 | 460.8 | 481.7 | 506.3 | 535.2 | 569.5 | 3.7% |
| MEA | 447.7 | 685.8 | 1,002.5 | 1,023.3 | 1,031.4 | 1,058.3 | 1,098.0 | 1,151.7 | 1,222.5 | 1,305.3 | 1,403.4 | 1,513.6 | 5.0% |
| Overall | 17,668.0 | 18,433.0 | 23,456.2 | 19,228.3 | 18,843.5 | 21,154.5 | 19,928.2 | 20,774.4 | 21,817.4 | 23,042.8 | 24,478.9 | 26,124.0 | 3.9% |
Related regional statistics
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