In reference to the Power losses in a Transformer, the author of Physics Textbook writes:
As a result of magnetic hysteresis, the magnetic energy stored in the magnetic field as the magnitude of the field increases is not all given back as the field magnitude decreases, resulting in power lost.
I am having difficulty in understanding the meaning of these lines. As far as I understand,due to magnetic hysteresis, energy is lost as the magnitude of magnetic energy changes. Is this understanding correct?