Hidden Component Powering Green Transition: Magnetics Market Set for Strong Growth

NEW YORK, NY – November 12, 2025

Market Poised for Expansion

The global medium frequency magnetics market is projected to experience significant growth in the coming years, according to a new report from MarketsandMarkets. The firm forecasts the market will expand from $1.99 billion in 2025 to $2.70 billion by 2030, representing a compound annual growth rate (CAGR) of 6.3%. This growth is underpinned by increasing demand for efficient power conversion technologies, particularly in the electric vehicle (EV), renewable energy, and industrial automation sectors.

While often unseen, these specialized magnetic components play a crucial role in optimizing energy usage and enabling advanced power electronics. “They’re absolutely fundamental to modern power systems,” explains one industry analyst. “Without efficient magnetics, you can’t achieve the performance levels required for EVs, wind turbines, or advanced manufacturing.” The demand isn’t just about increasing volume; it’s also about increasingly sophisticated designs and materials.

Key Drivers and Emerging Trends

The surge in demand for medium frequency magnetics is being driven by several converging trends. The global push towards electrification, with its associated investment in EV charging infrastructure and grid modernization, is a major catalyst. The increasing deployment of renewable energy sources, such as solar and wind power, requires advanced power conversion systems to integrate these intermittent sources into the grid. These systems rely heavily on high-performance magnetic components to maximize efficiency and reliability.

Beyond these headline trends, several technological advancements are contributing to market growth. The integration of wide-bandgap (WBG) semiconductors like silicon carbide (SiC) and gallium nitride (GaN) is enabling higher switching frequencies and increased power densities in power electronic converters. This, in turn, is driving demand for magnetic components with improved performance characteristics. The adoption of new magnetic materials, such as nanocrystalline alloys, offers lower core losses and higher saturation flux densities, further enhancing the efficiency of power conversion systems.

“The move towards smaller, lighter, and more efficient power electronics is a key driver,” notes a materials science expert. “We're seeing a lot of innovation in magnetic materials and core designs to meet these demands.” This push for miniaturization and performance is also impacting manufacturing processes, with a growing emphasis on precision winding techniques and automated assembly.

Regional Outlook: North America Leads the Charge

While growth is expected across all regions, North America is projected to be the fastest-growing market for medium frequency magnetics. This is primarily due to the region’s aggressive policies supporting EV adoption and renewable energy development. The U.S. Bipartisan Infrastructure Law and the Inflation Reduction Act have allocated significant funding to EV charging infrastructure and clean energy projects, creating a favorable environment for market growth.

Canada is also playing a key role, with its Zero Emission Vehicle Infrastructure Program and investments in renewable energy projects. “The North American market is particularly attractive due to the combination of government support, strong industrial base, and access to advanced technologies,” says a market research analyst. “We expect to see significant investment in manufacturing capacity and R&D in the region.”

However, competition is fierce, with established players and emerging companies vying for market share. Several companies are actively expanding their manufacturing capacity and investing in new technologies to meet the growing demand. While competition is a healthy sign of market maturity, it also raises questions about potential oversupply and pricing pressures. “It's important to monitor the supply chain and capacity utilization to ensure sustainable growth,” cautions an industry veteran. “There’s a risk of overcapacity if everyone invests too aggressively.”

Navigating Potential Risks and Opportunities

Despite the positive outlook, the medium frequency magnetics market faces several potential risks. Fluctuations in raw material prices, supply chain disruptions, and geopolitical instability could all impact profitability. The rapid pace of technological change also presents a challenge, requiring companies to continuously innovate and adapt to remain competitive.

“The market is dynamic, and companies need to be agile and responsive to changing conditions,” warns an investment analyst. “They need to invest in R&D, build strong supply chain relationships, and focus on customer needs.”

Despite these challenges, the medium frequency magnetics market presents significant opportunities for companies that can navigate the risks and capitalize on the growth drivers. The demand for efficient power conversion is only expected to increase in the coming years, driven by the global push towards electrification and sustainability. Companies that can develop innovative products, build strong customer relationships, and operate efficiently are well-positioned to succeed in this evolving market.