Soft Magnetic Composite Market Analysis and Forecast
Mahendrajakore16 Sep, 2022News
The global soft magnetic composites market is broadly affected by several factors, including increase in usage of soft magnetic composites in various applications such as traction motors, air conditioning compressors, pumps (cooling, oil, etc.), DC/DC converters, high performance industrial motors, and others. Rise in global demand for high performance industrial motors has led to significant growth in usage of soft magnetic composites. Increase in usage of high performance industrial motors in the automotive industry is expected to be the primary driver of the global soft magnetic composites market.
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