If a magnetic field is sustained, there must be a current in a closed circuit or loop, implying some energy has been spent in creating the field. If this energy is not dissipated via the circuit's resistance, it is stored in the field.
Take an ideal inductor with zero resistance. Although it's practically impossible, assume that the coil's resistance is so small that it is practically negligible. The loss of the field's energy to dissipate thermal energy (or heat) is thus...

Consider a circular loop with a radius a, that carries a current I. The magnetic field due to the current at an arbitrary point P along the axis of the loop can be calculated using the Biot-Savart law.

The most common application of magnetic force on current-carrying wires is in electric motors. These consist of loops of wire, which are placed between the magnets with a magnetic field. When current flows through the loops, the magnetic field applies torque, which causes the shaft to rotate, thus converting electrical energy to mechanical energy.
Consider a rectangular current-carrying loop containing N turns of wire, placed in a uniform magnetic field. The net force on a current-carrying loop...