USD 1688.62 million
Ferrite Core Market Size, Share, Growth Analysis, By Material Type(Manganese-zinc ferrite cores and nickel-zinc ferrite cores), By Application(Power supplies, transformers, inductors, and EMI/RFI suppression filters), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2081 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
79
Ferrite Core Market Insights
Ferrite Core Market size was valued at USD 1688.62 million in 2021 and is poised to grow from USD 1710.07 million in 2022 to USD 1891.73 million by 2030, growing at a CAGR of 1.27% in the forecast period (2023-2030).
Ferrite cores are widely used in electronic applications to improve the inductance of coils, reduce high-frequency noise, and block electromagnetic interference. Ferrite cores are made of ferrite material, which is a ceramic compound made up of iron oxide and other metal oxides. They are cost-effective, have high magnetic permeability, and are resistant to demagnetization. Ferrite cores come in various shapes and sizes, including toroidal, E-shaped, and U-shaped cores. The global ferrite core market is expected to grow significantly in the coming years due to the increasing demand for electronic devices, the growing adoption of renewable energy sources, and the increasing use of electric vehicles.
The growth of the market is driven by the increasing demand for electronic devices, the growing adoption of renewable energy sources, and the increasing use of electric vehicles. Ferrite cores are used in a wide range of electronic applications, including transformers, inductors, power supplies, and filters. The increasing adoption of electric vehicles, renewable energy sources, and industrial automation is expected to drive the demand for ferrite cores in the coming years. The electronics industry is the largest end-use industry for ferrite cores, accounting for a significant portion of the market share. Other key end-use industries include automotive, aerospace, and telecommunications. The Asia-Pacific region is expected to be the largest market for ferrite cores due to the presence of a large electronics industry and the growing adoption of renewable energy sources in the region. The global ferrite core market is highly competitive, with several players operating in the market.
US Ferrite Core Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Manganese-zinc ferrite cores
Fastest Growth
Manganese-zinc ferrite cores
Growth Rate
1.27% CAGR
Global Ferrite Core Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Ferrite Core Market Segmental Analysis
Global Ferrite Core Market is segmented on the basis of material type, application and region. By material type, the market is segmented into manganese-zinc ferrite cores and nickel-zinc ferrite cores. By application, market is segmented into power supplies, transformers, inductors, and EMI/RFI suppression filters. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ferrite Core Market Analysis by Material Type
The largest segment of the global ferrite core market by material type is the manganese-zinc ferrite core segment. Manganese-zinc ferrite cores are primarily used in low-frequency applications, such as power supplies and filters. They are characterized by their high permeability, low core loss, and excellent stability over a wide range of operating temperatures. Manganese-zinc ferrite cores are also relatively low-cost compared to other materials, which makes them a popular choice in applications where cost is a significant consideration. The increasing demand for power supplies and filters in various end-user industries, such as consumer electronics and automotive, is expected to drive the growth of the manganese-zinc ferrite core segment.
The fastest-growing segment of the global ferrite core market by material type is the nickel-zinc ferrite core segment. Nickel-zinc ferrite cores are widely used in high-frequency applications, such as telecommunication and RF antennas. They are characterized by their high saturation flux density, high Q-factor, and low loss factor, which make them suitable for applications that require a high-frequency operation. Nickel-zinc ferrite cores are also resistant to demagnetization, which makes them a popular choice in applications that require high reliability. The increasing demand for telecommunication and wireless communication systems, particularly in emerging economies, is expected to drive the growth of the nickel-zinc ferrite core segment.
Ferrite Core Market Analysis by Application
The largest segment of the global ferrite core market by application is the power supplies segment. Ferrite cores are widely used in power supplies to provide efficient energy conversion and regulation, which is essential in various end-user industries such as consumer electronics, automotive, and industrial.
The fastest-growing segment of the global ferrite core market by application is the EMI/RFI suppression filters segment. The increasing demand for electronic devices and wireless communication systems has led to a significant increase in electromagnetic interference (EMI) and radio frequency interference (RFI), which require effective suppression to ensure the proper functioning of the devices. Ferrite cores are an essential component in EMI/RFI suppression filters, and the growing demand for these filters is driving the growth of this segment.
Global Ferrite Core Market Size By Material Type 2022(%)
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Ferrite Core Market Regional Insights
The Asia-Pacific region is expected to dominate the global ferrite core market, both in terms of production and consumption. This can be attributed to the presence of large consumer electronics manufacturers and the growing demand for consumer electronics in the region. The increasing adoption of renewable energy and electric vehicles is also expected to drive the demand for ferrite cores in the region. China, Japan, and South Korea are expected to be the key markets for ferrite cores in the Asia-Pacific region. China is expected to be the largest market for ferrite cores in the Asia-Pacific region. The country has a large electronics industry, and the growing demand for consumer electronics such as smartphones and tablets is expected to drive the demand for ferrite cores. Additionally, the country's efforts to transition towards renewable energy sources such as wind and solar power are also expected to increase the demand for ferrite cores in the region. Japan is another key market for ferrite cores in the Asia-Pacific region. The country is known for its advanced electronics industry and has a large market for industrial automation products. The growing adoption of electric vehicles and renewable energy sources such as solar power is also expected to drive the demand for ferrite cores in the country. South Korea is also expected to be a significant market for ferrite cores in the Asia-Pacific region. The country has a large electronics industry, with companies such as Samsung and LG being major players in the global market. The growing demand for electric vehicles and the country's focus on renewable energy sources such as wind and solar power is expected to drive the demand for ferrite cores in the region. The Southeast Asian market for ferrite cores is also expected to grow significantly in the coming years. Countries such as Thailand, Indonesia, and Vietnam have seen a growing demand for consumer electronics and are also focusing on renewable energy sources to meet their growing energy needs. This is expected to drive the demand for ferrite cores in the region.
North America is also expected to be a significant market for ferrite cores due to the growing demand for automation and robotics in various industries. The increasing adoption of renewable energy and electric vehicles is also expected to drive the demand for ferrite cores in the region. The United States and Canada are expected to be the key markets for ferrite cores in North America. The United States is expected to be the largest market for ferrite cores in North America. The country has a large industrial automation sector, which is expected to drive the demand for ferrite cores in the region. Additionally, the country is focusing on renewable energy sources such as wind and solar power to reduce its carbon emissions, which is expected to further increase the demand for ferrite cores. Canada is also expected to be a significant market for ferrite cores in North America. The country has a growing industrial automation sector, which is expected to drive the demand for ferrite cores in the region. Additionally, the country's focus on renewable energy sources such as hydroelectric power is expected to drive the demand for ferrite cores in the region. Mexico is also expected to be a growing market for ferrite cores in North America. The country has a large electronics industry and is also focusing on renewable energy sources such as wind and solar power. The growing demand for electric vehicles in the region is also expected to increase the demand for ferrite cores. The rest of North America, including countries such as Costa Rica, Panama, and the Caribbean, is expected to offer growth opportunities for the ferrite core market due to the increasing adoption of renewable energy sources and the growing demand for automation products. However, the market in this region is also expected to be relatively small compared to the United States and Canada.
Global Ferrite Core Market Size By Geography, 2022-2030
- Largest
- Fastest
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Ferrite Core Market Dynamics
Ferrite Core Market Drivers
Increasing Demand for Consumer Electronics
- One of the key drivers of the global ferrite core market is the increasing demand for consumer electronics. Ferrite cores are widely used in the construction of components of various consumer electronics such as smartphones, laptops, and televisions. As the demand for consumer electronics continues to rise due to increasing disposable income and changing lifestyle preferences, the demand for ferrite cores is also expected to increase.
Growth in Industrial Automation
- Another driver of the global ferrite core market is the growth in industrial automation. Ferrite cores are widely used in the construction of components of various automation systems such as robots, sensors, and motor drives. As the demand for industrial automation continues to rise due to the need for increased efficiency and reduced labor costs, the demand for ferrite cores is also expected to increase.
Ferrite Core Market Restraints
Fluctuations in Raw Material Prices
- One of the key restraints of the global ferrite core market is the fluctuations in raw material prices. Ferrite cores are typically made from materials such as iron oxide, nickel, and zinc, which are subject to price fluctuations due to changes in supply and demand. Fluctuations in raw material prices can affect the profitability of ferrite core manufacturers and make it difficult to forecast prices for customers.
Increasing Competition from Substitute Materials
- Another restraint of the global ferrite core market is the increasing competition from substitute materials. Ferrite cores are widely used in the construction of various electronic components, but other materials such as powdered iron, laminated cores, and amorphous cores can also be used in some applications. As these substitute materials become more advanced and cost-effective, the demand for ferrite cores may decline, affecting the growth of the market. Additionally, the availability of substitute materials can also increase the bargaining power of buyers, which can lead to price pressure on ferrite core manufacturers.
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Ferrite Core Market Competitive Landscape
Global Ferrite Core Market is highly competitive, with a large number of global and regional players operating in the market. The key companies compete on the basis of product quality, performance, price, innovation, and customer service. They also focus on developing and expanding their product portfolios to cater to the diverse needs of end-users across different industries. Additionally, strategic partnerships, collaborations, mergers and acquisitions, and geographic expansion are also key strategies adopted by companies to maintain their position in the global ferrite core market.
Ferrite Core Market Top Player’s Company Profiles
- TDK Corporation
- Samsung Electro-Mechanics
- Murata Manufacturing Co., Ltd.
- Taiyo Yuden Co., Ltd.
- TOKIN Corporation
- Hitachi Metals, Ltd.
- MAGNETICS®
- Fair-Rite Products Corp.
- KEMET Corporation
- AVX Corporation
- EPCOS AG
- Laird Technologies, Inc.
- Ferroxcube International Holding B.V.
- DMEGC Magnetics Co., Ltd.
- JFE Ferrite Group
- JPMF Guangdong Co., Ltd.
- Elna Co., Ltd.
- Panasonic Corporation
- Vishay Intertechnology, Inc.
- YAGEO Corporation
Ferrite Core Market Recent Developments
- In March 2021, TDK Corporation announced the expansion of its portfolio of high-frequency ferrite materials with the introduction of a new type of high-performance ferrite material, known as the PC200 material. This material is designed to meet the growing demand for high-frequency applications in the automotive and telecommunications industries.
- In May 2021, Hitachi Metals Ltd announced the acquisition of H.C. Starck Tungsten Powders, a leading manufacturer of tungsten powders and related products. The acquisition is expected to strengthen Hitachi Metals' position in the global market for magnetic materials, including ferrite cores.
- In August 2021, Ferroxcube International Holding BV announced the launch of a new range of E-core ferrite cores for high-frequency applications. These cores are designed to provide high performance and efficiency in power electronics, renewable energy, and other high-frequency applications.
- In September 2021, TAIYO YUDEN CO., LTD. announced the development of a new line of multilayer ferrite beads that are designed to provide superior noise suppression and EMI filtering capabilities in a compact form factor. The new line of ferrite beads is expected to be popular in applications such as smartphones, tablets, and other mobile devices.
Ferrite Core Key Market Trends
- Increasing Demand for Electric Vehicles: One of the key trends of the global ferrite core market is the increasing demand for electric vehicles (EVs). Ferrite cores are used in the construction of various components of EVs, such as power electronics, battery management systems, and charging systems. As the demand for EVs continues to rise due to environmental concerns and government incentives, the demand for ferrite cores is also expected to increase.
- Growing Adoption of Renewable Energy: A trend in the global ferrite core market is the growing adoption of renewable energy sources. Ferrite cores are widely used in the construction of components of renewable energy systems, such as wind turbines and solar inverters. As the demand for renewable energy continues to rise due to concerns over climate change and energy security, the demand for ferrite cores is also expected to increase.
Ferrite Core Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Ferrite Core Market analysis, the global market is expected to witness significant growth over the forecast period due to increasing demand for ferrite cores in various applications such as power supplies, transformers, inductors, and EMI/RFI suppression filters. The market is driven by the increasing demand for consumer electronics such as smartphones, laptops, and tablets, which require high-frequency applications that utilize ferrite cores. Moreover, the increasing demand for alternative energy sources such as wind and solar power is also driving market growth as ferrite cores are widely used in power generation equipment such as inverters, transformers, and converters. The Asia-Pacific region dominates the global market due to the presence of a large number of electronics manufacturers in countries such as China, Japan, and South Korea. The region is expected to continue its dominance over the forecast period due to the increasing adoption of electronic devices and the growing trend of digitization. However, the market growth may be hindered by the availability of alternative core materials such as powdered iron and amorphous metal cores, which may pose a challenge to the growth of the market. Overall, the global market is expected to witness significant growth over the forecast period due to the increasing demand for consumer electronics and alternative energy sources. The market is also expected to face challenges from alternative core materials, which may impact the growth of the market in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1688.62 million |
| Market size value in 2031 | USD 1891.73 million |
| Growth Rate | 1.27% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Ferrite Core Market Recent Developments
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ferrite Core Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ferrite Core Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ferrite Core Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ferrite Core Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ferrite Core Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ferrite Core Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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