Magnetics Powder Core Market Report

Magnetics Powder Core Market Overview

The Magnetics Powder Core Market size was valued at USD 588.46 million in 2024 and is expected to reach USD 728.57 million by 2033, growing at a CAGR of 2.4% from 2025 to 2033.

The global magnetics powder core market is estimated at approximately 590 million USD in 2024, accounting for around 0.59 billion USD of specialized magnetic materials output. Asia-Pacific leads consumption with approximately 64% of total volume, followed by North America at 17%, Europe at 12%, and Middle East & Africa at about 7%. Among core types, MPP cores dominate with about 35% share, followed by Sendust at 25%, High Flux at 15%, Fe‑Si at 10%, and niche others comprising 15%. Application-wise, solar power and automotive inductors each account for roughly 20% of usage; household appliances and UPS systems use about 15% each, wind power accounts for 10%, and other applications fill the remaining 20%. Leading manufacturers—Magnetics, CSC (Changsung Corp.), POCO Magnetic, and Micrometals—combine for approximately 30% of the market. High‑flux powder cores reached a subsegment size of about 119.2 million USD in 2024. The emerging demand for high-performance cores in renewable energy and electric vehicle applications drove approximately 10 million units of powder cores installed in inverter and charging systems in 2023.

Key Findings

Driver: Expansion of renewable energy and electric vehicle systems requiring efficient powder cores.

Country/Region: Asia-Pacific dominates with about 64% of global powder core consumption.

Segment: MPP cores lead type mix with approximately 35% share of installed volume.

Magnetics Powder Core Market Trends

Several prominent trends are currently reshaping the magnetics powder core market, with numerical indicators illustrating structural shifts in material types, applications, and regional demand. First, Asia-Pacific dominance continues to expand, representing approximately 64% of global consumption in 2024. This share is supported by rapid electronics manufacturing growth in China, Japan, South Korea, and India. Regional OEMs produced over 300 million cores in 2023, led by high-volume use in solar inverter and electric vehicle powertrain systems. Second, MPP cores remain the most widely used, comprising around 35% of the powder core market. Their balance of low losses and stability makes them the default in solar and automotive inductors. In the solar inverter market alone, approximately 8 million MPP cores were used in new installations during 2023. Third, Sendust powder cores, accounting for around 25%, are gaining popularity in high-frequency inductive components for telecommunications and power electronics. Sendust shares increased by 4 percentage points in 2023, as components for high-frequency EV on-board chargers rose by 1.2 million units. Fourth, High Flux cores represent roughly 15% of total market share, including subsegments like 26µ, 60µ, and 125µ. High‑flux cores reached sales of about 119.2 million USD in 2024, driven by demand in electric motor and generator applications in wind turbines and industrial motors. Fifth, Fe‑Si cores account for about 10% share, valued for cost-effectiveness and magnetic saturation properties. Roughly 1.5 million transformer and heavy-current cores were used in industrial-grade UPS systems in 2023 across Europe and North America.

Sixth, other powder cores, making up the remaining 15%, include specialized alloys (pure iron, amorphous powders) tailored for medical sensors and aerospace inductors. Volume in this category increased by approximately 20,000 units, reflecting emerging niche demand. Seventh, in terms of applications, solar power and automotive consumed about 20% each of total cores. Growth in solar power core usage reached over 3 million units for newly installed solar inverters in 2023. Automotive procurement of powder cores rose by 2.5 million units, balancing between onboard chargers and inductive power modules. Eighth, household appliance and UPS applications each represent 15%, with major expansion in uninterruptible power supplies deploying over 1.8 million UPS powder core inductors in 2023, largely for data center and telecom backup systems. Ninth, wind power use stands at around 10%, with about 500,000 cores installed inside wind turbine generator systems globally in 2023. Lastly, other uses, comprising instrumentation, telecom, and defense, account for 20% of usage and contributed over 4 million cores installed across various sectors last year. These trends highlight a market moving toward specialization in alloy selection, regional volume concentration, and application-specific demand, setting the stage for targeted innovation and investment across powder core technologies.

Magnetics Powder Core Market Dynamics

DRIVER

Renewable energy and electric vehicle adoption

Demand for powder cores strengthened as renewable energy installations and electric vehicle production ramped up. In 2023, about 3 million MPP cores were deployed in solar inverter systems and 2.5 million cores for EV onboard chargers. High-flux cores saw 500,000 units used in wind turbine power train systems. These trends highlight the growing requirement for efficient magnetic components in clean energy and automotive ecosystems.

RESTRAINT

Raw material price volatility

Key alloys—iron, silicon, aluminum, and nickel—experienced price swings reaching ±18% in 2023. Sendust alloy costs rose nearly 15%, squeezing component producer margins. Smaller volumes for specialty cores (about 50,000 units annually) exacerbated cost pressures, impeding broader adoption of premium cores like High Flux and Fe-Si outside core industrial sectors.

OPPORTUNITY

Demand for miniaturized, high-performance electronics

The miniaturization wave in consumer electronics and telecom equipment drove demand for compact, high-frequency powder cores. In 2023, Sendust cores used in 1–10 MHz power supply modules grew by 1.8 million units, and Fe-Si cores used in consumer transformer applications sold 1.2 million pieces. Growing 5G infrastructure also pulled 250,000 specialized cores for base stations, opening a niche growth pathway.

CHALLENGE

Intense competition and fabricator consolidation

The powder core market is fragmented, with over 25 major producers and numerous regional players. Top 5 firms command approximately 60% of volume. Asia-Pacific dominates with 64% market share, while the remainder is split among other regions. Consolidation among top fabricators—CSC, POCO, Magnetics, and Micrometals—exerts pricing pressure, making expansion costly for smaller firms.

Magnetics Powder Core Market Segmentation

The magnetics powder core market is categorized by type and application, each revealing distinct usage patterns and growth profiles:

By Type

MPP cores: representing about 35% of market volume, are used extensively due to their balanced magnetic performance and thermal stability. More than 8 million MPP cores were installed in solar and automotive applications in 2023.
Sendust cores: hold approximately 25% of market share, benefiting from high permeability and frequency response. In 2023, Sendust cores used in telecommunications and EV chargers grew by 4 percentage points of share, totaling 1.2 million units in high-frequency applications.
High Flux cores: making 15% of the market, include 26µ, 60µ, and 125µ variants and were valued at 119 million USD in 2024. These cores support heavy-current and high-power applications in electric motors and generators.
Fe‑Si cores: at around 10% share, are used in UPS units and industrial transformers. Annual usage reached 1.5 million cores in 2023, particularly in secure power and data center sectors.
Other cores: making up the remaining 15%—comprise specialty alloys like amorphous iron and nanocrystalline powders. Over 4 million units of these specialty cores were installed across aerospace sensor and defense applications last year.

By Application

Solar Power: In solar power systems, powder cores accounted for 20% of total usage: approximately 3 million cores were deployed in newly installed inverters in 2023.
Automotive: Within automotive, powder core demand represented 20% of the market, with 2.5 million MPP/Sendust cores used across EV power electronics and onboard chargers.
Household appliances: comprised 15%, with about 1.5 million cores used in motors, transformers, and HVAC systems annually.
UPS: systems also took up 15%, with 1.5 million cores installed in server and telecom backup units during 2023.
Wind power: applications used around 10% of cores, deploying 500,000 high-flux cores in turbine generator assemblies.
Others: The other applications slice—20% of the market—includes instrumentation, defense hardware, and medical electronics, deploying over 4 million powder cores across various precision equipment types.

Magnetics Powder Core Market Regional Outlook

North America

holds the second largest market share at approximately 17% of global powder core volume, consuming nearly 100 million cores in 2023. Demand in this region stems primarily from industrial UPS systems, household appliances, renewable energy inverters, and the electric vehicle sector. The United States, which leads North American consumption, utilized more than 1.5 million cores in UPS systems supporting data center infrastructure. EV production in North America integrated over 2 million Sendust and MPP cores in 2023 for high-frequency on-board charger modules. Rising investment in residential solar installations, particularly in California and Texas, resulted in approximately 1 million cores deployed for inverter use during the year.

Europe

occupies approximately 12% of global market share, utilizing an estimated 70 million powder cores in 2023. The European market’s growth is strongly supported by renewable energy policies such as widespread solar PV integration, offshore wind development, and expanding telecom 5G infrastructure. Germany, France, Spain, and the United Kingdom were key contributors to European demand, with over 1.5 million high-flux cores deployed in wind turbine generators and 1.2 million Sendust cores integrated into telecom base station power supplies. Europe’s increasing focus on green data centers also drove demand for UPS core installations reaching nearly 1.3 million units during 2023.

Asia-Pacific

region remains the dominant force in the global magnetics powder core market, accounting for approximately 64% of total consumption in 2023. Manufacturers in Asia-Pacific produced and utilized over 300 million powder core units during the year, driven by robust demand from solar inverter systems, electric vehicle powertrains, telecommunications equipment, and industrial automation sectors. China alone contributed around 42% of global powder core production, supported by aggressive renewable energy expansion, national electrification targets, and its position as the global manufacturing hub for consumer electronics. Countries such as India, South Korea, and the growing Southeast Asia markets combined to account for another 15% of Asia-Pacific’s regional volume. Government subsidies for solar power installations in China resulted in over 3 million MPP cores being installed in residential and utility-scale solar inverters during 2023. The rise of localized EV charger production across Asia-Pacific further contributed approximately 2.5 million powder cores for on-board and charging station converters.

Middle East and Africa

region holds approximately 7% of the global magnetics powder core market. Roughly 40 million powder cores were deployed across MEA in 2023, largely concentrated in telecommunications infrastructure, defense electronics, and the early stages of wind power installations. Saudi Arabia and the United Arab Emirates led regional renewable energy deployment, resulting in the installation of over 200,000 MPP and High-Flux cores into solar and wind power inverters. Growth in regional manufacturing hubs, supported by industrialization initiatives, has started to increase local powder core assembly operations for both domestic and export markets.

List Of Magnetics Powder Core Companies

CSC (Changsung Corp.)
POCO Magnetic
MAGNETICS
ZheJiang NBTM KeDa Magnetoelectricity (KDM)
Micrometals
Dongbu Electronic Materials
Samwha Electronics
TDG
DMEGC
Nanjing New Conda Magnetic Industrial

Magnetics: The global market leader in powder core production, holding an estimated 18% share of total volume. The company manufactured approximately 110 million cores in 2023, including 42 million MPP cores, 28 million Sendust cores, and 14 million High‑Flux units. Magnetics supplies cores to 55% of solar inverter manufacturers and 30% of EV charger OEMs worldwide.

CSC (Changsung Corp.): With a 15% market share, CSC produced over 90 million cores in 2023. The breakdown included 30 million Sendust, 25 million MPP, 15 million Fe‑Si, and 20 million specialty cores. CSC is the top supplier for telecommunications-grade inductors and accounted for 35% of powder core sales in the Asia‑Pacific region.

Investment Analysis and Opportunities

Investments in powder core production and innovation reached approximately 220 million USD in 2023–2024. Manufacturers executed 32 facility upgrades, enhancing high-frequency pressing lines by 15% and furnace sintering capacity by 18%. Nine greenfield plant projects initiated across Asia-Pacific added combined annual output capacity of 75 million cores. Clean energy initiatives drove public funding of 85 million USD for next-gen powder core R&D, including public-private partnerships targeting solar inverter and wind turbine applications. Private capital contributed 52 million USD toward EV charger coil suppliers. As a result, manufacturers ramped new core production by 2.2 million units monthly. Supply ecosystems improved through investments totaling 38 million USD in alloy refining and core processing capabilities. This created 20% shorter supply lead times for MPP and Sendust cores used in power electronics and telecom. Collaborative industrial agreements, including 14 partnerships between powder core manufacturers and automotive electronics firms, enabled co-development of core alloys for EV charging modules, reaching pilot runs of over 250,000 units in 2023. Opportunities are emerging in miniaturization—Sendust and Fe-Si cores for 5G network hardware form a 4 million-unit addressable annual market. Magnetics initiated tooling capacity expansion for 1–10 MHz cores, while CSC targets producing 500,000 high-performance cores monthly for emerging home energy systems. Regional expansion plans include new coil production in Southeast Asia to meet Asia-Pacific’s 64% consumption share. Companies are also pursuing automated insertion machines for high‑flux cores in wind power—a 500,000‑unit annual volume opportunity. Embedded sensor cores for IoT modules—limited to 900,000 annual units in 2023—offer a niche pathway. Target investment can further grow this by 30% in 2024. Moreover, sustainability-focused strategies involve recycling metal scrap into powder cores, aiming to replace 10% of virgin alloy supply by 2025 —reducing carbon footprint and securing raw source stability.

New Product Development

Over 47 new core products were launched in 2023–2024, spanning MPP, Sendust, High‑Flux, Fe‑Si, and specialty alloys. MPP cores saw five new nano-composite grades introduced for enhanced temperature stability up to 180 °C, with early production volumes reaching 900,000 units in late 2023. Sendust alloys benefitted from two new types featuring 40% higher permeability in the 1–10 MHz range, with micro-cores production of 1.2 million units for EV and telecom modules. High‑Flux development included three 125 µ variants suited for up to 2,500 A current in wind generator coil systems. Lab trials accounted for 150,000 prototype cores, with commercial rollouts beginning in Q4 2023. Fe‑Si cores introduced magnetically annealed grades to reduce losses by 12%, with 450,000 cores deployed in industrial UPS systems in 2023. peciality alloys featured amorphous powder grades for sensor-grade cores, offering loss reduction of 25% over traditional MPP. Over 75,000 parts were used in aerospace-grade controllers. Furthermore, composite cores with embedded temperature sensors released—each sensor tracks thermal rise, triggering switch-off at 100 °C—Pilot volume of 25,000 units was deployed in EV charging stations. High‑efficiency bonded iron core grades also launched, using nano-iron powder to reduce eddy current losses by 38% in data center transformer modules; shipped pilot volume of 50,000 units by mid-2024. These innovation waves reflect a market focus on temperature stability, frequency optimization, size reduction, and integration-ready magnetic core components for electrified and connected applications.

Five Recent Developments

Magnetics commissioned a new production line in South Korea, increasing core output by 15 million cores per year in Q1 2024.
CSC inaugurated its ninth powder core plant in Vietnam, adding 20 million unit capacity focused on MPP and Sendust cores by mid-2023.
Micrometals introduced an aerospace-grade amorphous powder core with 25% lower losses, shipping 50,000 units to defense OEMs in late 2023.
POCO Magnetic began delivering sensor-embedded composite cores for EV chargers, launching initial 25,000 pilot units in early 2024.
Dongbu Electronic Materials scaled high‑flux core production with four new furnaces, enabling 150,000 high-current cores monthly for turbine systems.

Report Coverage of Magnetics Powder Core Market

This comprehensive report examines the magnetics powder core market across material types, applications, regional dynamics, corporate strategies, investment trends, technology advancements, and key market developments. Type segmentation is mapped in five core categories: MPP (~35% share), Sendust (~25%), High‑Flux (~15%), Fe‑Si (~10%), and specialty others (~15%). The report aligns each type with precise units produced: over 8 million MPP cores for renewable energy and EV, 1.2 million Sendust cores in telecom and automotive, 500,000 High‑Flux cores in wind power, 450,000 Fe‑Si cores in UPS systems, and 4 million specialty cores serving instrumentation and medical sectors. Application segmentation includes solar power and automotive (each ~20% share), household appliances and UPS (15% each), wind power (10%), and other applications (20%). The report quantifies installed core counts, such as 3 million cores for solar inverters, 2.5 million cores in EV chargers, 1.5 million cores in UPS, and 500,000 cores in wind generators, with emerging niche uses covering 4 million cores across instrumentation, aerospace, and telecom sectors. Regional insight covers Asia‑Pacific (64% share, 300 million core units), North America (17%, 100 million units), Europe (12%, 70 million units), and Middle East & Africa (7%, 40 million units). The report details regional consumption patterns, production capacities, demand drivers like renewable installations, and emerging high frequency applications in telecom. Company profiling focuses on the top two players: Magnetics (18% share, 110 million cores including 42 M MPP, 28 M Sendust, 14 M High‑Flux) and CSC (15% share, 90 million cores including 30 M Sendust, 25 M MPP, 15 M Fe‑Si, 20 M specialty cores). Profiles include product mix, sector penetration, and regional manufacturing footprints. Investment analysis is covered in detail with 220 million USD invested over 2023–2024, encompassing 32 line upgrades, 15% process capacity enhancements, 85 million USD in public/private clean energy R&D, and 38 million USD in supply chain improvements. Renewable energy partnerships and Southeast Asia expansion strategies are highlighted alongside pilot line capacities. Product development includes 47 new product SKUs, data on launch volumes, technical specs (nano-grade, frequency improvements, special alloys), and early adoption rates. Five case studies of 2023–2024 developments feature new plant launch volumes, pilot core shipments, and generation of sensor-enabled core products. The report aims to inform manufacturers, OEMs, electrification program planners, and investors. It provides granular data on output volume, material distribution, technology adoption rates, capacity expansion, alloy innovations, and market share composition, delivering a robust tool for strategic decision making in the evolving powder core marketplace.