Soft Magnetic Materials Market Growth Report | 2021 to 2031
The Soft Magnetic Materials Market is expected to register a CAGR of 6.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by material type (electrical steel, soft ferrite, cobalt, and others). The report further presents an analysis based on the application (motors, transformers, alternators, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Soft Magnetic Materials Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Soft Magnetic Materials Market Segmentation
Material Type- Electrical Steel
- Soft Ferrite
- Cobalt
- Motors
- Transformers
- Alternators
Strategic Insights
Soft Magnetic Materials Market Growth Drivers- Rising Demand for Energy-Efficient Soft Magnetic Materials: Increasing focus on energy efficiency mass markets in consumer electronics and electric motors to heavy industries in power generation the growing soft magnetic materials market. Soft magnetic materials, which include iron-based alloys, ferrites, and soft magnetic composites, are critical components in devices that promote improvements in energy efficiency-including electric motors, transformers, inductors, and power supplies. There is a high demand from various industrial sectors, especially the automotive, electronics, and industrial automation industries, which are coming up with low-energy-consumption ideas that result in lesser carbon footprints. These materials will reduce core losses and improve performance in energy-efficient devices.
- Electric Vehicles (EVs) Driving Market Growth: Electric vehicles and hybrid electric vehicles apparently are some of the most important contributors to demand, as soft magnetic materials are highly used in electric motors and power electronic systems. With the requirement for increased efficiency, EVs have an immense demand for these types of materials. Optimized efficiency and performance are built into electric drivetrains and other electronic system components to establish ones for electric vehicles. Increasing stricter emissions regulations and incentives by governments across the world towards the adoption of EVs would further accelerate change in the automotive sector, resulting in immense growth within the soft magnetic material market.
- Innovation in Power Electronics and Telecommunications: The automotive sector would continue to undergo rapid transformation with innovations in power electronics, especially with the swift penetration of 5G networks, renewable energy systems, and energy storage solutions, thereby creating immense demand for advanced soft magnetic materials. Soft magnetic materials are the dominant material for the inductors and transformers applied in power supplies and telecommunications equipment. They significantly contribute to the optimization of power system performance: they increase the efficiency of the process of energy conversion with a decrease in losses by many times; they make it possible to create more compact, reliable devices. The demand for high-performance, power-efficient components in sectors like telecommunication and renewable energy generation (wind turbines, solar inverters, etc.) contributes to the need for soft magnetic materials.
- Miniaturization Driving Demand for Soft Magnetic Materials: Soft magnetic materials are the growth in demand for miniaturized, integrated components in automotive electronics, consumer electronics, and medical devices, among many others. As industries make devices smaller and more efficient, the demand for small components that have high performance in space-restricted applications continues to go up. Other design goals include higher-performance power inductors, transformers, and sensors made of soft magnetic materials. The demand for lighter and more compact magnetic solutions continues to fuel growth in electronics, with an even higher prevalence of such activity in the sector.
- Shift Towards High-Performance Alloys and Soft Magnetic Composites: Higher-performing soft magnetic materials are being shifted towards high-performance alloys and composites. Advanced alloys and composite materials have better magnetic properties, lesser energy losses, and significantly improved thermal stability, gradually superseding traditional material silicon steel. Soft magnetic composites, or SMCs, have been gaining popularity in applications that call for complex geometries with high performance. This becomes particularly pertinent in the automotive and industrial sectors. These new materials will lower core losses while raising the efficiency of these composites, thus making them so desirable for applications requiring high-performance frequencies as well as low-power loss.
- Additive Manufacturing Transforming Soft Magnetic Material Production: Additive manufacturing, or 3D printing, is now starting to be added in the manufacturing of soft magnetic materials, which are changing their faces. Soft magnetic material is fashioned by creating complex shapes and structures that cannot be achieved with traditional manufacturing techniques. For soft magnetic materials, 3D printing enables the design of cores and elements with absolute definitions in terms of magnetic properties. Such a tendency is particularly valuable in aerospace, automotive, and consumer electronics industries, where specialized solutions are necessary to optimize performance in compact high-efficiency devices.
- Electric Vehicle Market and Charging Infrastructure: The increasing demand for electric vehicles also brings in enormous scope for development in soft magnetic material in the automobile market as well as charging infrastructure. The demand for increasingly efficient electric motors, power inverters, and charging systems is directly proportional to the demand for EVs. Soft magnetic materials would be predominantly used to enhance the efficiency of a motor minimize the losses and hasten the process of charging. This is due to the fact that, with the rising number of EV installations, corresponding to the level of adoption that these vehicles are beginning to receive from consumers as well as infrastructural support for all possible charging operations, vast potential unfolds for producers of soft magnetic materials.
- Renewable Energy Market Expansion: As wind and solar energy, being renewable sources of energy, gather momentum, they are in constant need of more soft magnetic materials for power generation, transmission, and storage. For example, generators, transformers, and power converters have been used to make energy systems stronger as well as efficient. Advancements in smart grid technology, which call for sophisticated power management and energy storage systems, are driving the demand for soft magnetic materials in grid components. The growth in renewable energy infrastructure worldwide is a long-term opportunity for manufacturers of soft magnetic materials.
- 5G Network Deployment and Telecommunications Infrastructure: The deployment of 5G networks and further extensions of telecommunication infrastructure are to create fresh opportunities for soft magnetic materials. Since soft magnetic materials play a key role in power supply systems for telecom equipment, such as base stations, routers, and signal processors, they reduce power losses and contribute towards the efficiency improvement of elements that operate with high-frequency signals. A constant demand for faster and more reliable networks results in a strengthening drive towards efficient, high-performance magnetic components in telecom applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Soft Magnetic Materials Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Soft Magnetic Materials Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Soft Magnetic Materials Market is estimated to witness a CAGR of 6.8% from 2023 to 2031
The major factors driving the soft magnetic materials market are:
1. Rising Demand for Energy-Efficient Solutions.
2. Growth of Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs).
BASF SE, Thermo Fisher Scientific, Merck KGaA, Solvay SA, Jiangsu Jibao Chemical Co Ltd, Shandong Kaihua Chemical Co Ltd, Changshu New Tech Chemicals Co Ltd, Reagent Grade Chemical Corp, Fujian Zhongtai Chemical Co Ltd, and Lianyungang Yuran Chemical Co Ltd
On the basis of geography, the soft magnetic materials market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
The growing adoption of additive manufacturing (3D printing) is expected to be the key market trend.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Soft Magnetic Materials Market - By Material Type
1.3.2 Soft Magnetic Materials Market - By Application
1.3.3 Soft Magnetic Materials Market - By End-Use Industry
1.3.4 Soft Magnetic Materials Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOFT MAGNETIC MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOFT MAGNETIC MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SOFT MAGNETIC MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOFT MAGNETIC MATERIALS - GLOBAL MARKET OVERVIEW
6.2. SOFT MAGNETIC MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOFT MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRICAL STEEL
7.3.1. Overview
7.3.2. Electrical Steel Market Forecast and Analysis
7.4. SOFT FERRITE
7.4.1. Overview
7.4.2. Soft Ferrite Market Forecast and Analysis
7.5. COBALT
7.5.1. Overview
7.5.2. Cobalt Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SOFT MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MOTORS
8.3.1. Overview
8.3.2. Motors Market Forecast and Analysis
8.4. TRANSFORMERS
8.4.1. Overview
8.4.2. Transformers Market Forecast and Analysis
8.5. ALTERNATORS
8.5.1. Overview
8.5.2. Alternators Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SOFT MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. ELECTRONICS AND TELECOMMUNICATIONS
9.4.1. Overview
9.4.2. Electronics and Telecommunications Market Forecast and Analysis
9.5. ELECTRICAL
9.5.1. Overview
9.5.2. Electrical Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. SOFT MAGNETIC MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Soft Magnetic Materials Market Overview
10.1.2 North America Soft Magnetic Materials Market Forecasts and Analysis
10.1.3 North America Soft Magnetic Materials Market Forecasts and Analysis - By Material Type
10.1.4 North America Soft Magnetic Materials Market Forecasts and Analysis - By Application
10.1.5 North America Soft Magnetic Materials Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Soft Magnetic Materials Market Forecasts and Analysis - By Countries
10.1.6.1 United States Soft Magnetic Materials Market
10.1.6.1.1 United States Soft Magnetic Materials Market by Material Type
10.1.6.1.2 United States Soft Magnetic Materials Market by Application
10.1.6.1.3 United States Soft Magnetic Materials Market by End-Use Industry
10.1.6.2 Canada Soft Magnetic Materials Market
10.1.6.2.1 Canada Soft Magnetic Materials Market by Material Type
10.1.6.2.2 Canada Soft Magnetic Materials Market by Application
10.1.6.2.3 Canada Soft Magnetic Materials Market by End-Use Industry
10.1.6.3 Mexico Soft Magnetic Materials Market
10.1.6.3.1 Mexico Soft Magnetic Materials Market by Material Type
10.1.6.3.2 Mexico Soft Magnetic Materials Market by Application
10.1.6.3.3 Mexico Soft Magnetic Materials Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Soft Magnetic Materials Market Overview
10.2.2 Europe Soft Magnetic Materials Market Forecasts and Analysis
10.2.3 Europe Soft Magnetic Materials Market Forecasts and Analysis - By Material Type
10.2.4 Europe Soft Magnetic Materials Market Forecasts and Analysis - By Application
10.2.5 Europe Soft Magnetic Materials Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Soft Magnetic Materials Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Soft Magnetic Materials Market
10.2.6.1.1 Germany Soft Magnetic Materials Market by Material Type
10.2.6.1.2 Germany Soft Magnetic Materials Market by Application
10.2.6.1.3 Germany Soft Magnetic Materials Market by End-Use Industry
10.2.6.2 France Soft Magnetic Materials Market
10.2.6.2.1 France Soft Magnetic Materials Market by Material Type
10.2.6.2.2 France Soft Magnetic Materials Market by Application
10.2.6.2.3 France Soft Magnetic Materials Market by End-Use Industry
10.2.6.3 Italy Soft Magnetic Materials Market
10.2.6.3.1 Italy Soft Magnetic Materials Market by Material Type
10.2.6.3.2 Italy Soft Magnetic Materials Market by Application
10.2.6.3.3 Italy Soft Magnetic Materials Market by End-Use Industry
10.2.6.4 United Kingdom Soft Magnetic Materials Market
10.2.6.4.1 United Kingdom Soft Magnetic Materials Market by Material Type
10.2.6.4.2 United Kingdom Soft Magnetic Materials Market by Application
10.2.6.4.3 United Kingdom Soft Magnetic Materials Market by End-Use Industry
10.2.6.5 Russia Soft Magnetic Materials Market
10.2.6.5.1 Russia Soft Magnetic Materials Market by Material Type
10.2.6.5.2 Russia Soft Magnetic Materials Market by Application
10.2.6.5.3 Russia Soft Magnetic Materials Market by End-Use Industry
10.2.6.6 Rest of Europe Soft Magnetic Materials Market
10.2.6.6.1 Rest of Europe Soft Magnetic Materials Market by Material Type
10.2.6.6.2 Rest of Europe Soft Magnetic Materials Market by Application
10.2.6.6.3 Rest of Europe Soft Magnetic Materials Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Soft Magnetic Materials Market Overview
10.3.2 Asia-Pacific Soft Magnetic Materials Market Forecasts and Analysis
10.3.3 Asia-Pacific Soft Magnetic Materials Market Forecasts and Analysis - By Material Type
10.3.4 Asia-Pacific Soft Magnetic Materials Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Soft Magnetic Materials Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Soft Magnetic Materials Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Soft Magnetic Materials Market
10.3.6.1.1 Australia Soft Magnetic Materials Market by Material Type
10.3.6.1.2 Australia Soft Magnetic Materials Market by Application
10.3.6.1.3 Australia Soft Magnetic Materials Market by End-Use Industry
10.3.6.2 China Soft Magnetic Materials Market
10.3.6.2.1 China Soft Magnetic Materials Market by Material Type
10.3.6.2.2 China Soft Magnetic Materials Market by Application
10.3.6.2.3 China Soft Magnetic Materials Market by End-Use Industry
10.3.6.3 India Soft Magnetic Materials Market
10.3.6.3.1 India Soft Magnetic Materials Market by Material Type
10.3.6.3.2 India Soft Magnetic Materials Market by Application
10.3.6.3.3 India Soft Magnetic Materials Market by End-Use Industry
10.3.6.4 Japan Soft Magnetic Materials Market
10.3.6.4.1 Japan Soft Magnetic Materials Market by Material Type
10.3.6.4.2 Japan Soft Magnetic Materials Market by Application
10.3.6.4.3 Japan Soft Magnetic Materials Market by End-Use Industry
10.3.6.5 South Korea Soft Magnetic Materials Market
10.3.6.5.1 South Korea Soft Magnetic Materials Market by Material Type
10.3.6.5.2 South Korea Soft Magnetic Materials Market by Application
10.3.6.5.3 South Korea Soft Magnetic Materials Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Soft Magnetic Materials Market
10.3.6.6.1 Rest of Asia-Pacific Soft Magnetic Materials Market by Material Type
10.3.6.6.2 Rest of Asia-Pacific Soft Magnetic Materials Market by Application
10.3.6.6.3 Rest of Asia-Pacific Soft Magnetic Materials Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Soft Magnetic Materials Market Overview
10.4.2 Middle East and Africa Soft Magnetic Materials Market Forecasts and Analysis
10.4.3 Middle East and Africa Soft Magnetic Materials Market Forecasts and Analysis - By Material Type
10.4.4 Middle East and Africa Soft Magnetic Materials Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Soft Magnetic Materials Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Soft Magnetic Materials Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Soft Magnetic Materials Market
10.4.6.1.1 South Africa Soft Magnetic Materials Market by Material Type
10.4.6.1.2 South Africa Soft Magnetic Materials Market by Application
10.4.6.1.3 South Africa Soft Magnetic Materials Market by End-Use Industry
10.4.6.2 Saudi Arabia Soft Magnetic Materials Market
10.4.6.2.1 Saudi Arabia Soft Magnetic Materials Market by Material Type
10.4.6.2.2 Saudi Arabia Soft Magnetic Materials Market by Application
10.4.6.2.3 Saudi Arabia Soft Magnetic Materials Market by End-Use Industry
10.4.6.3 U.A.E Soft Magnetic Materials Market
10.4.6.3.1 U.A.E Soft Magnetic Materials Market by Material Type
10.4.6.3.2 U.A.E Soft Magnetic Materials Market by Application
10.4.6.3.3 U.A.E Soft Magnetic Materials Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Soft Magnetic Materials Market
10.4.6.4.1 Rest of Middle East and Africa Soft Magnetic Materials Market by Material Type
10.4.6.4.2 Rest of Middle East and Africa Soft Magnetic Materials Market by Application
10.4.6.4.3 Rest of Middle East and Africa Soft Magnetic Materials Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Soft Magnetic Materials Market Overview
10.5.2 South and Central America Soft Magnetic Materials Market Forecasts and Analysis
10.5.3 South and Central America Soft Magnetic Materials Market Forecasts and Analysis - By Material Type
10.5.4 South and Central America Soft Magnetic Materials Market Forecasts and Analysis - By Application
10.5.5 South and Central America Soft Magnetic Materials Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Soft Magnetic Materials Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Soft Magnetic Materials Market
10.5.6.1.1 Brazil Soft Magnetic Materials Market by Material Type
10.5.6.1.2 Brazil Soft Magnetic Materials Market by Application
10.5.6.1.3 Brazil Soft Magnetic Materials Market by End-Use Industry
10.5.6.2 Argentina Soft Magnetic Materials Market
10.5.6.2.1 Argentina Soft Magnetic Materials Market by Material Type
10.5.6.2.2 Argentina Soft Magnetic Materials Market by Application
10.5.6.2.3 Argentina Soft Magnetic Materials Market by End-Use Industry
10.5.6.3 Rest of South and Central America Soft Magnetic Materials Market
10.5.6.3.1 Rest of South and Central America Soft Magnetic Materials Market by Material Type
10.5.6.3.2 Rest of South and Central America Soft Magnetic Materials Market by Application
10.5.6.3.3 Rest of South and Central America Soft Magnetic Materials Market by End-Use Industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SOFT MAGNETIC MATERIALS MARKET, KEY COMPANY PROFILES
12.1. AMES SA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ARNOLD MAGNETIC TECHNOLOGIES
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DAIDO STEEL CO. LTD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GKN SINTER METALS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HITACHI METALS LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MATE CO. LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SG TECHNOLOGIES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SINTEX A/S
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. STEWARD ADVANCED MATERIALS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VACUUMSCHMELZE GMBH AND C0. KG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Ames SA
2. Arnold Magnetic Technologies
3. Daido Steel Co. Ltd
4. GKN Sinter Metals
5. Hitachi Metals Ltd.
6. Mate Co. Ltd.
7. SG Technologies
8. Sintex A/S
9. Steward Advanced Materials
10. Vacuumschmelze GmbH and C0. Kg
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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