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Magnetic Core Market- Share Analysis and Driving Demand, 2018-2026
Magnetic Core Market- Share Analysis and Driving Demand, 2018-2026
Magnetic core is a magnetic material with good magnetic quality that is used to enclose and guide magnetic fields in electromechanical, electrical, or magnetic devices such as electric motors, electromagnets, transformers, inductors, generators, and magnetic recording heads

Magnetic Core Market: Overview

Magneticcore is a magnetic material with good magnetic quality that is used to encloseand guide magnetic fields in electromechanical, electrical, or magnetic devicessuch as electric motors, electromagnets, transformers, inductors, generators,and magnetic recording heads. Magnetic cores are made of ferromagnetic metalssuch as iron or ferrimagnetic composites such as ferrites. The magnetic fieldis generated by a current conducting coil of wire surrounding the core.Magnetic core can increase the strength of a magnetic field in an electromagneticcoil.

Magneticcores are created form three basic materials: bulk metals, powdered materials,and ferrite materials. Bulk metals are processed into ingots from furnaces.They are is then put into the process of cold and hot rolling. As the powder coreprocessing starts, ingots go through multiple steps of grinding unless thepowder is of proper consistency for the required performance. Usually,machining of powder cores is not carried out after processing. Ferritematerials consist of ceramic materials of iron oxide, carbonate of manganese oralloyed with oxides, nickel, cobalt, magnesium, or zinc. Magnetic core materialcan be either solid metal, soft iron, laminated silicon steel, special alloy,vitreous metal, or powdered metal iron.

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Magnetic Core Market: Key Segments

Magneticcores can be segmented based on structure and end-use. In terms of structurethe magnetic core can be segmented into straight cylinder rod, single “I” core,“C” or “U” core, “E” core, “E”& “I “core, planer core, pot core andtoroidal core. Straight cylindrical rod is mostly made of powered iron andferrite. It is used in radios for tuning the inductor. Single “I” core issquare shaped and is rarely used. It is likely to be found in car ignitioncoils. “U” and “C” shaped cores are used to make square closed cores. Windingscan be installed on single or both legs of the core. “E” shaped cores are usedwhere a closed magnetic system is required. In most of “E” shaped cores, thecross-sectional area of center leg is more compared to individual section ofouter legs. Therefore, the electrical circuit is placed around the center leg.In case of 3-phase transformer, all the three legs of “E” shaped core are ofthe same size and all legs are wound. 

The “E”and “I” shaped core are stacked together to form a closed system. The “I” isstacked with the open end “E” to form three legged structure. The “E” and “I”cores are widely used in autotransformers, power transformer and inductors. Thepot core is internally hollow and completely encloses the coil. It is round inshape. This design helps reduce electromagnetic interference and preventsradiations. The toroid core has a shape of a doughnut. The coil is wound aroundthe circumference of the core. It is widely used in high frequency audioamplifiers. Based on end-use, the magneticcore market can be divided into automotive components, electricalcomponents, and energy transfer equipment.

Magnetic Core Market: Regional Outlook

In termsof region, the global magnetic core market can be segregated into NorthAmerica, Europe, Asia Pacific, Latin America, and Middle East & Africa.Asia Pacific is projected to lead the global magnetic core market during theforecast period, followed by North America and Europe. China and India accountfor key share of the magnetic core market in Asia Pacific, as the electricalvehicle industry is expected to expand significantly in the near future. LatinAmerica and Middle East & Africa are likely to constitute moderate share ofthe magnetic core market during the forecast period.

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Magnetic Core Market: Key Players

Keyplayers operating in the magnetic core market include Hitachi Metals, Ltd., TDKCorporation, MAGNETICS, Advanced Technology & Materials Co., Ltd, MH&WInternational Corp., DMEGC, POCO Holding Co. Ltd, Zhaojing IncorporatedCompany, and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION.

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