Soft ferrite cores are often preferred for their high permeability and low electrical conductivity which enables prevention of eddy currents and subsequent energy loss. Soft ferrite cores such as nickel-zinc materials have high resistance against currents and are generally preferred for higher frequencies. Ferrite cores are also used in power transformers and are suitable for all kinds of electronic switching devices. Low rate of eddy currents and enhanced performance at high frequencies have increased adoption of soft ferrite cores in electronic devices such as AM radios, RFID tags, and RF transformers. These key factors are expected to significantly contribute to revenue growth of the market over the forecast period.
Top Companies Operating in the Global Soft Ferrite Core for Automotive Market:
TDK Corporation, DMEGC, Vacuumschmelze GmbH, MAGNETICS, Acme Electronics, Hitachi Metals Ltd., Ferroxcube International Holding B.V., HEC Group, Toshiba materials Co. Ltd., Nanjing New Conda, Haining Lianfeng Magnet, and SAMWHA Electronics.
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Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Soft Ferrite Core for Automotive Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Soft Ferrite Core for Automotive Market.
The global Soft Ferrite Core for Automotive Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Manganese-Zinc Materials
- Nickel-Zinc Materials
Application Outlook (Revenue, USD Billion; 2018-2028)
- Consumer Electronics
- Household appliances
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