PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1606911
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1606911
India Soft Magnetic Material Market, By Material Type (Electric Steel, Cobalt, Iron, Nickel, Others ); By Application; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Soft Magnetic Material Market Size Set to Touch Value of 736 Million by 2030
India Soft Magnetic Material Market is booming primarily due to thriving automotive sector, a burgeoning electronics industry, and a rising demand for renewable energy solutions.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Soft Magnetic Material Market size by value at USD 515.2 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Soft Magnetic Material Market size to expand at a CAGR of 5.40% reaching a value of USD 735.9 million by 2030. The growth of Soft Magnetic Material Market in India is propelled by the burgeoning electric and hybrid vehicles market, expanding renewable energy infrastructure, and technological advancements are driving the demand for soft magnetic materials in India. Soft magnetic materials, renowned for their superior magnetic properties, are indispensable in motor applications, enhancing efficiency and performance. The growing adoption of advanced automotive components and the increasing use of soft magnetic materials in electric vehicles are further propelling the growth of India Soft Magnetic Material Market in the coming years.
Impact of Escalating Geopolitical Tensions on India Soft Magnetic Material Market
India Soft Magnetic Material Market may face significant challenges from intensifying geopolitical tensions across the world. Increased trade barriers, import restrictions, and supply chain disruptions could lead to higher raw material costs and hinder technological advancements. Moreover, geopolitical instability may limit foreign investments and disrupt global manufacturing networks, potentially slowing down production and increasing operational costs.
Motors Segment Leads India Soft Magnetic Material Market by Application
Motors dominate India Soft Magnetic Materials Market by application. due to their widespread use in automotive, industrial, and consumer electronics applications. Soft magnetic materials enhance motor performance by optimizing magnetic flux and reducing energy losses. The increasing adoption of electric and hybrid vehicles, as well as the growing demand for high performance motors in various industrial sectors, is further driving the motors segment in the market. The other major application segments in India Soft Magnetic Material Market include transformers, generators, inductors, electromagnetic shields, actuators and sensors.
Competitive Landscape
India Soft Magnetic Material Market is highly fragmented, with numerous players serving the market. The key players dominating India Soft Magnetic Material Market include Proterial (India) Private Limited, Delta Manufacturing Ltd, Ashvini Magnets Pvt Ltd, Kumar Magnet Industries, Parmanu Dhatu Nigam, Permanent Magnets Ltd (PML), Nomax Electrical Steel Pvt Ltd, Cosmo Ferrites Limited, and CIE Automotive India. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Soft Magnetic Material Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Soft Magnetic Material Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Soft Magnetic Material Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing automotive industry
- 3.2.1.2. Rapid growth of the electronics industry
- 3.2.1.3. Increasing adoption of renewable energy sources
- 3.2.2. Restraints
- 3.2.2.1. High cost of raw materials
- 3.2.2.2. Developing advanced soft magnetic materials with superior performance and cost-effectiveness
- 3.2.3. Opportunities
- 3.2.3.1. Infrastructure development
- 3.2.3.2. Investing in research and development to develop innovative soft magnetic materials
- 3.2.4. Challenges
- 3.2.4.1. Competition from imported materials
- 3.2.4.2. Lack of skilled workforce
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Soft Magnetic Material Market: Marketing Strategies
5. India Soft Magnetic Material Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Material Type
- 5.2.1.1. Electric Steel
- 5.2.1.2. Cobalt
- 5.2.1.3. Iron
- 5.2.1.4. Nickel
- 5.2.1.5. Others (Soft Magnetic Composites (SMC), Soft Ferrite, Silicon Ferrite, Permalloy, Superalloy)
- 5.2.2. By Application
- 5.2.2.1. Motors
- 5.2.2.2. Transformers
- 5.2.2.3. Generators
- 5.2.2.4. Inductors
- 5.2.2.5. Electromagnetic Shields
- 5.2.2.6. Others (Actuators, Sensors)
- 5.2.3. By End User
- 5.2.3.1. Automotive
- 5.2.3.2. Energy & Power
- 5.2.3.3. Consumer Electronics
- 5.2.3.4. Industrial Equipment
- 5.2.3.5. Healthcare (Medical Devices)
- 5.2.3.6. Telecommunications
- 5.2.3.7. Others (Aerospace & Defense)
- 5.2.4. By Region
- 5.2.4.1. North India
- 5.2.4.2. South India
- 5.2.4.3. East India
- 5.2.4.4. West India
- 5.2.1. By Material Type
6. North India Soft Magnetic Material Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material Type
- 6.2.2. By Application
- 6.2.3. By End User
7. South India Soft Magnetic Material Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Material Type
- 7.2.2. By Application
- 7.2.3. By End User
8. East India Soft Magnetic Material Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Material Type
- 8.2.2. By Application
- 8.2.3. By End User
9. West India Soft Magnetic Material Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Material Type
- 9.2.2. By Application
- 9.2.3. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Soft Magnetic Material Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operation Channel Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Soft Magnetic Material Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. Proterial (India) Private Limited
- 12.2. Delta Manufacturing Ltd
- 12.3. Ashvini Magnets Pvt Ltd
- 12.4. Kumar Magnet Industries
- 12.5. Parmanu Dhatu Nigam
- 12.6. Permanent Magnets Ltd (PML)
- 12.7. Nomax Electrical Steel Pvt Ltd
- 12.8. Cosmo Ferrites Limited
- 12.9. CIE Automotive India
- 12.10. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Soft Magnetic Material Market Segmentation
- Figure 2 India Soft Magnetic Material Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Figure 6 India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Figure 7 India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 8 India Soft Magnetic Material Market Share, By Region, By Value (USD Million) 2019-2030
- Figure 9 North India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Figure 10 North India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Figure 11 North India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Figure 12 North India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 13 South India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Figure 14 South India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Figure 15 South India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Figure 16 South India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 17 East India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Figure 18 East India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Figure 19 East India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Figure 20 East India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 21 West India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Figure 22 West India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Figure 23 West India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Figure 24 West India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
List of Tables
- Table 1 India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Table 2 India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Table 3 India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Table 4 India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Table 5 India Soft Magnetic Material Market Share, By Region, By Value (USD Million) 2019-2030
- Table 6 North India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Table 7 North India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Table 8 North India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Table 9 North India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Table 10 South India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Table 11 South India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Table 12 South India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Table 13 South India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Table 14 East India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Table 15 East India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Table 16 East India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Table 17 East India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Table 18 West India Soft Magnetic Material Market Size, By Value (USD Million), 2019-2030
- Table 19 West India Soft Magnetic Material Market Share, By Material Type, By Value (USD Million) 2019-2030
- Table 20 West India Soft Magnetic Material Market Share, By Application, By Value (USD Million) 2019-2030
- Table 21 West India Soft Magnetic Material Market Share, By End User, By Value (USD Million) 2019-2030
- Table 22 Proterial (India) Private Limited Company Overview
- Table 23 Proterial (India) Private Limited Financial Overview
- Table 24 Delta Manufacturing Ltd Company Overview
- Table 25 Delta Manufacturing Ltd Financial Overview
- Table 26 Ashvini Magnets Pvt Ltd Company Overview
- Table 27 Ashvini Magnets Pvt Ltd Financial Overview
- Table 28 Kumar Magnet Industries Company Overview
- Table 29 Kumar Magnet Industries Financial Overview
- Table 30 Parmanu Dhatu Nigam Company Overview
- Table 31 Parmanu Dhatu Nigam Financial Overview
- Table 32 Permanent Magnets Ltd (PML) Company Overview
- Table 33 Permanent Magnets Ltd (PML) Financial Overview
- Table 34 Nomax Electrical Steel Pvt Ltd Company Overview
- Table 35 Nomax Electrical Steel Pvt Ltd Financial Overview
- Table 36 Cosmo Ferrites Limited Company Overview
- Table 37 Cosmo Ferrites Limited Financial Overview
- Table 38 CIE Automotive India Company Overview
- Table 39 CIE Automotive India Financial Overview
