Published Date : 2025-Apr-23
Soft magnetic materials are foundational to the modern electric ERA, enabling efficient energy transmission and magnetic field manipulation in industries ranging from automotive to consumer electronics and power generation. The market is expected to grow significantly due to the rising demand for electric vehicles (EVs), smart grid components, and compact power electronics.
The market is expected to reach a value of USD 127.3 Billion by 2031, at a CAGR of 7.8% over the forecast period (2024–2031).
Here's a curated list of the top companies leading this space in 2025.
Headquarters: Hanau, Germany
Founded: 1923
Employees: Approx. 4,300
Revenue 2024: Approx. $900 million
Regional Strength: Europe, China, U.S.
Overview: Specializes in soft magnetic alloys and ferrites for energy-efficient applications in automotive, industrial, and medical sectors.
Headquarters: Finland (global manufacturing)
Founded: 1917
Employees: Approx. 1,500
Revenue 2024: Approx. $750 million (magnetic products)
Regional Strength: Europe, North America
Overview: Known for precision magnetics and high-purity copper alloy components, often used in MRI and particle accelerators.
Headquarters: Beijing, China
Founded: 1998
Employees: Approx. 6,000
Revenue 2024: Approx. $1.1 billion
Regional Strength: China, Southeast Asia
Overview: Offers a wide range of soft magnetic composites, precision alloys, and amorphous materials for industrial power systems.
Headquarters: Aichi, Japan
Founded: 1934
Employees: Approx. 5,200
Revenue 2024: Approx. $1.7 billion
Regional Strength: Japan, ASEAN
Overview: Supplier of soft magnetic stainless steels and high-permeability alloys for advanced motor and solenoid applications.
Headquarters: Rochester, New York, USA
Founded: 1895
Employees: Approx. 1,000
Revenue 2024: Approx. $400 million
Regional Strength: North America, Europe
Overview: Produces precision thin gauge soft magnetic materials for aerospace, medical, and industrial automation.
Headquarters: Pohang, South Korea
Founded: 1968
Employees: Approx. 30,000 (POSCO Group)
Revenue 2024: Approx. $1.2 billion (motor core steel)
Regional Strength: South Korea, India, Brazil
Overview: Focused on non-grain oriented electrical steels (NOES) for EVs and hybrid motor applications.
Headquarters: Essex, UK
Founded: 1988
Employees: Approx. 200
Revenue 2024: Approx. $80 million
Regional Strength: UK, Western Europe
Overview: Specializes in stator/rotor components using soft magnetic composites for clean mobility and energy systems.
And More.
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