We study a two-dimensional variational model for ferronematics – composite materials formed by dispersing magnetic nanoparticles into a liquid crystal matrix. The model features two coupled order parameters: a Landau-de Gennes~-tensor for the liquid crystal component and a magnetisation vector field~, both of them governed by a Ginzburg-Landau-type energy. The energy, the largest part of which is carried by the -component, includes a singular coupling term favouring alignment between~ and~. In this article and in the companion paper~\cite{CDS2}, we analyse the asymptotic behaviour of (not necessarily minimizing) critical points as a small parameter~ tends to zero. In this paper, we prove that the (rescaled) energy density for the -component, concentrates, to leading order, on a finite number of singular points. Moreover, we prove energy estimates and compactness results that will be crucially used in~\cite{CDS2} to determine the structure of the energy concentration set for the -component as well as the relationship between the two singular sets.

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