Global Magnetics Powder Core Market to Reach USD 611 Million by 2032, Expanding at a 2.6% CAGR Amid Rising Renewable Energy and EV Adoption

global Magnetics Powder Core market was valued at USD 513 million in 2024 and is projected to reach USD 611 million by 2032, growing at a steady CAGR of 2.6%. Market growth is driven by rising demand from renewable energy systems, electric vehicles, and high-efficiency power electronics, particularly across Asia-Pacific.