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The harmonic balanced finite element method offers a valuable alternative to the transient finite element method for the quasi‐static simulation of electromagnetic devices operating at steady‐state. The specially designed iterative solver, the adaptive relaxation of the non‐linear loop and the embedding of the harmonic balanced finite element method within a state‐of‐the‐art finite element package, leads to a solver in the frequency domain that is competitive to time stepping. The benefits of this approach are illustrated by its application to an inductor with a ferromagnetic core.

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