The application fields of soft magnetic materials are gradually expanding, and the scale of my country’s market continues to increase

Soft magnetic materials refer to magnetic materials with low coercive force and high magnetic permeability. High magnetic induction intensity can be obtained through lower magnetic field intensity, and it is easier to magnetize and demagnetize. The main functions of soft magnetic materials are the conversion and transmission of electromagnetic energy and magnetic conduction, and are widely used in various electrical energy conversion equipment. Soft magnetic materials can be roughly divided into three categories, namely ferrite soft magnetic materials, metal soft magnetic materials, nanocrystalline soft magnetic materials, etc.

At present, soft magnetic materials are widely used in new energy vehicles, home appliances, photovoltaics, communications, lighting, transformers, etc. Among them, the communications field has become the largest application field in the industry, with the largest market share of 21.8%; followed by the home appliance field, with a market share of 18.6%; and thirdly ranked new energy vehicles, with a market share of 14.1%.

In recent years, my country’s economic level has continued to improve, residents’ income has continued to grow, consumption power has gradually improved, and the penetration rate of automobiles has gradually increased. As my country’s awareness of energy conservation and emission reduction gradually increases, new energy vehicles have gradually become a substitute for traditional fuel vehicles. In addition, my country’s new energy vehicle production technology has gradually improved, endurance has gradually improved, and charging supporting facilities have gradually improved, leading to its market penetration. rate gradually increases. According to data released by the China Association of Automobile Manufacturers, my country’s new energy vehicle production and sales in 2022 will reach 7.058 million and 6.887 million vehicles respectively, a year-on-year increase of 96.9% and 93.4% respectively. As the basic material of new energy vehicles, the market of soft magnetic materials is also gradually growing.

According to the “In-depth Market Research and Investment Strategy Suggestions Report on Soft Magnetic Materials Industry 2023-2027” released by the Industrial Research Center, With the continuous advancement of information technology such as the Industrial Internet of Things, 5G, and big data, and its closer integration with all walks of life, it has promoted the continuous development of my country’s industry and manufacturing industry. The application fields of soft magnetic materials have gradually broadened, and market demand has gradually increased. Against this background, the scale of my country’s soft magnetic materials market has gradually increased. In 2022, my country’s soft magnetic materials market size will be 60.82 billion yuan, a year-on-year increase of 7.4%.

Industry analysts said that at present, my country’s soft magnetic materials market is highly concentrated, and leading companies are gradually emerging. Foreign soft magnetic material companies mainly include Hitachi Metals, TDK, Memagnetics, etc. Domestic soft magnetic material companies Hengdian East Magnetics, Zhaojing Technology, Tiantong Co., Ltd., Antai Technology, Rena Electronics, Worsch Co., Ltd., Shenergy Co., Ltd. Road Shares, etc. Among them, Hengdian Dongmei and Tiantong Co., Ltd. have relatively high market shares and have become leading companies in the industry. In the early days, the production technology of my country’s soft magnetic material enterprises was relatively backward, the product quality was low, and the market was mainly dominated by foreign enterprises. As my country’s soft magnetic material enterprises continue to develop, production technology continues to be optimized, product quality gradually improves, and domestic substitution is gradually realized.