Product Code: ETC6191435 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The soft magnetic composite market in Australia serves industries requiring efficient magnetic components, such as electric motors and transformers. Soft magnetic composites offer benefits like reduced eddy current losses and improved magnetic permeability. Growth is tied to advancements in electric vehicle technologies and renewable energy systems, which demand high-performance magnetic materials.
The Soft Magnetic Composite Market in Australia is expanding due to the growing demand for energy-efficient electrical components in automotive, electronics, and industrial applications. These composites help reduce core losses and improve magnetic performance in motors, transformers, and inductors. The shift toward electric vehicles and renewable energy technologies is stimulating demand. Innovation in composite materials and manufacturing processes is further enhancing product capabilities.
This market struggles with high production costs due to complex manufacturing processes required for achieving desired magnetic properties. Competition from traditional magnetic materials such as silicon steel reduces adoption in some applications. Furthermore, challenges in scaling up production while maintaining quality and consistency limit market growth. Environmental regulations regarding material sourcing and waste disposal also impact operations.
Investment in the Australian soft magnetic composite (SMC) market is driven by the increasing demand for energy-efficient electrical machines and devices in automotive, industrial, and renewable energy sectors. Opportunities lie in manufacturing high-quality SMC materials used in electric motors, transformers, and inductors. Growing interest in electric vehicles (EVs) and smart grids enhances demand for lightweight, high-performance magnetic materials. Collaborations with research institutions to innovate composites with better magnetic properties and cost-effectiveness can create competitive advantages for investors.
The soft magnetic composite materials market benefits from government-led research grants and partnerships aimed at advancing materials science and manufacturing technologies. Policies emphasize sustainable production processes and the reduction of environmental impact. Standards and regulations related to material safety and recycling also influence this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Soft Magnetic Composite Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Soft Magnetic Composite Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Soft Magnetic Composite Market - Industry Life Cycle |
3.4 Australia Soft Magnetic Composite Market - Porter's Five Forces |
3.5 Australia Soft Magnetic Composite Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Australia Soft Magnetic Composite Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Australia Soft Magnetic Composite Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Australia Soft Magnetic Composite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Soft Magnetic Composite Market Trends |
6 Australia Soft Magnetic Composite Market, By Types |
6.1 Australia Soft Magnetic Composite Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Australia Soft Magnetic Composite Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Australia Soft Magnetic Composite Market Revenues & Volume, By Soft Ferrite, 2021- 2031F |
6.1.4 Australia Soft Magnetic Composite Market Revenues & Volume, By Electrical Steel, 2021- 2031F |
6.1.5 Australia Soft Magnetic Composite Market Revenues & Volume, By Iron, 2021- 2031F |
6.1.6 Australia Soft Magnetic Composite Market Revenues & Volume, By Others (including Supermalloys, Permalloys, and Silicon Ferrite), 2021- 2031F |
6.2 Australia Soft Magnetic Composite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Soft Magnetic Composite Market Revenues & Volume, By Traction Motors, 2021- 2031F |
6.2.3 Australia Soft Magnetic Composite Market Revenues & Volume, By Air Conditioning Compressors, 2021- 2031F |
6.2.4 Australia Soft Magnetic Composite Market Revenues & Volume, By Pumps (including Cooling and Oil), 2021- 2031F |
6.2.5 Australia Soft Magnetic Composite Market Revenues & Volume, By DC/DC Converters, 2021- 2031F |
6.2.6 Australia Soft Magnetic Composite Market Revenues & Volume, By On-vehicle Chargers, 2021- 2031F |
6.2.7 Australia Soft Magnetic Composite Market Revenues & Volume, By Ventilation Fans, 2021- 2031F |
6.2.8 Australia Soft Magnetic Composite Market Revenues & Volume, By Industrial Motor Drives, 2021- 2031F |
6.2.9 Australia Soft Magnetic Composite Market Revenues & Volume, By Industrial Motor Drives, 2021- 2031F |
6.3 Australia Soft Magnetic Composite Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Australia Soft Magnetic Composite Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.3 Australia Soft Magnetic Composite Market Revenues & Volume, By Industrial Machinery & Equipment, 2021- 2031F |
6.3.4 Australia Soft Magnetic Composite Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.3.5 Australia Soft Magnetic Composite Market Revenues & Volume, By Energy, 2021- 2031F |
6.3.6 Australia Soft Magnetic Composite Market Revenues & Volume, By Others (including Electronics), 2021- 2031F |
7 Australia Soft Magnetic Composite Market Import-Export Trade Statistics |
7.1 Australia Soft Magnetic Composite Market Export to Major Countries |
7.2 Australia Soft Magnetic Composite Market Imports from Major Countries |
8 Australia Soft Magnetic Composite Market Key Performance Indicators |
9 Australia Soft Magnetic Composite Market - Opportunity Assessment |
9.1 Australia Soft Magnetic Composite Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Australia Soft Magnetic Composite Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Australia Soft Magnetic Composite Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Australia Soft Magnetic Composite Market - Competitive Landscape |
10.1 Australia Soft Magnetic Composite Market Revenue Share, By Companies, 2024 |
10.2 Australia Soft Magnetic Composite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |