Global Magnetic Materials Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com
Magnetic materials majorly finds their application in equipment such as motors, generators, transformers, actuators, amongst others.
- Magnetic materials majorly finds their application in equipment such as motors, generators, transformers, actuators, amongst others.
- Electric machines are made of hard magnetic materials and are used for one basic function, which is to provide magnetic flux.
- Hard magnetic materials have high coercivity in order to resist demagnetization from the electric circuit and thermal demagnetization under high operating temperatures.
- Continuous growth in renewable energy sectors in Asia-Pacific is expected to drive the market for magnetic materials through the years to come.