Soft magnetic materials are materials with low coercivity and high permeability, making them ideal for use in applications such as transformers, inductors, and motors. These materials are typically composed of ferromagnetic alloys, such as iron, cobalt, and nickel, which have the ability to be magnetized and demagnetized with relative ease. Soft magnetic materials also have high electrical conductivity and low hysteresis losses, making them suitable for efficient energy transfer.