Soft Magnetic Composites (SMCs) Market Investigation Reveals Enhanced Growth During the Forecast Period, 2018 to 2027
Soft magnetic composites (SMCs) market continues to be influenced by a range of factors, notably rising palpability of silicon ferrite in inductors, and increasing preference for soft magnetic materials in electronic components. Worldwide sales of soft magnetic materials exceeded US$ 18,000 Mn in 2018, according to a new Fact.MR study. Focus of utility equipment manufacturers on curtailing core losses, and leveraging renewable energy sources to meet growing power demand will significantly underpin demand for soft magnetic composites.
View full press release