The soft ferrite market space remains highly competitive, wherein the leading players account for a significant revenue share. The manufacturers of soft ferrite have been continually emphasizing on business expansion across potential markets such as Asia Pacific and many other emerging economies. For instance- GKN Driveline, a division of GKN plc, introduced new technology centers and production facilities in the Asia Pacific region in a bid to expand its operations. Hitachi Metals, another key player in the soft ferrite market, also focuses on implementation of global strategies for business expansion across India and China, two of the rapidly evolving automotive markets.
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Key players of Soft Ferrite Market are also focusing on organic growth and product development strategies aimed at improving the sales & distribution network and to reinvigorate their operational efficiencies. In addition to that, the key players are also reinforcing the production and marketing framework to reap sizeable gains via increased production.
Use of Additives for Amelioration of Ferrites’ Magnetic Properties- An Evolving Manufacturing Trend
Practice of incorporating additives with ferrites, both hard and soft, is being extensively exercised. Competency of additives to significantly enhance the magnetic properties of ferrites by influencing their grain growth and density is predominantly spurring their adoption. Favorable studies acknowledging role of additives in enhancing properties such as grain growth, power loss, electric resistance, and permeability, is intensifying its importance in case of ferrites, both hard and soft.
Some of the commonly used additives include calcium oxide (CaO), silicon dioxide (SiO?), titanium dioxide (TiO2), and many more. Moreover, use of additives is also believed to have positive impacts on permeability, which remains one of the highly-valued characteristics in case of soft ferrite.
Modern Electronic and Electrical Systems Trigger Adoption of Soft Ferrite
Soft magnetic materials, such as soft ferrite, are gaining prominence in case of modern electrical and electronic systems on the back of their adaptability to the new-age realities. The role of soft ferrite in amplification of the flux generated is fostering its adoption in case of alternating current (AC) and direct current (DC) electrical circuits.
Soft ferrite is being extensively sought-after across multiple applications including electric motors, relays, magnetic shielding, solenoids, electrical power generation and transmission, and so on. An evolving energy paradigm, which illustrates higher reliance on renewable energy sources and elevated concern for high-scale energy efficiency, has stimulated research into energy-related technologies. Particulars as such provide sizeable credence to the fact that soft ferrite is likely to witness a health adoption in the modern electronic and electrical systems.
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Advent of Switched-Mode Power Supply (SMPS) Fosters Adoption of Soft Ferrite
With the introduction of switched-mode power supplies, demand for soft ferrites in power applications has taken off by a significant margin. The clamor for higher frequencies in case of high-frequency power supplies is on a rise, which also results in reduction of the size of magnetic components. Ferrites, with the ability to address the aforementioned challenge, are being increasingly used in case of SMPS systems.
The demand for soft ferrite in cores of RF transformers and inductors in switched-mode power supply (SMPS) is on the rise, driven by relatively lower losses at high frequencies. Moreover, properties of soft ferrites can be altered or tailored by compositional modifications, which is another key benefit prompting its adoption in SMPS systems.
Soft Ferrite Market- Competitive Landscape
The Fact.MR report on soft ferrite market provides incisive insights on the competitive dynamics in the soft ferrite market. In this section of soft ferrite market report, details such as key financials, key product developments, and strategies of the leading players in the soft ferrite market have been discussed.
Hitachi Metals Ltd., a leading player in the soft ferrite market, established a Global Research & Innovative Technology Center (GRIT) in the year 2017, as a part of its strategy to solidify its product portfolio with periodic technological advances. The establishment of this research center was a solid step toward R&D efforts of the company.
GKN plc. ,a leading player in the soft ferrite market acquired Fokker Technologies Group B.V. in the year 2015. This acquisition was aimed at reinvigorating a wide range of capabilities in case of composite as well as advanced metallic products.
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