Electrical
Steel Market: Introduction
Increasing investment in
infrastructure development and growing urbanization is anticipated to influence
electrical steel market growth over the forecast period. The global power
transformers market is expected to reach more than US$ 27 Bn in 2020, this indicates
noteworthy growth opportunities for the electrical steel market. These products
are typically utilized in the power industry, transformers, and high-speed cars due to
their improved efficiency, ability to reduce energy loss, hysteresis loss in
high-speed electric motors, and low emissions of carbon dioxide. Increasing technological
advancements and urban population coupled with growing consumer’s disposable
income is expected to bolster market growth over the forecast period.
Electrical
Steel Market: Key Dynamics
Growth in infrastructure demand
has resulted in augmented per capita consumption of electricity which has promoted
the growth in market demand. Government norms in numerous countries aim to plummet
CO2 emission and increased regulations for the usage of transformers has upsurge
product with better-quality properties to manufacture efficient cores. The
gradual loss in electrical energy owing to hysteresis is uneconomical and can drastically
affect the workability of steel. These products experiences a decrease in the energy
loss due to their exclusive properties like effective magnetic properties, high
permeability, strong power density, and longevity which likely to boost market
size.
Electrical
Steel Market: Report Scope
The “Global Electrical Steel
Market” report offers in-depth analysis of micro and macro-economic factors,
price point assessment, along with market attractiveness analysis. The report
also focuses on multiple qualitative and quantitative factors on global electrical
steel market geographies and market segments. The report also aims to provide a
detailed overview of the parent market for analyzing the competitive landscape
of the global electrical steel market in the chemicals and materials industry.
The report is dedicated to offering strategic information on leading electrical
steel market players and offers several growth prospects of the electrical
steel market.
Electrical
Steel Market: Segmentation
The global electrical steel market is segmented on the basis
of product, application, and end use industry.
The global electrical steel market on the basis of product is
segmented as:
·
Grain-Oriented Electrical Steel
·
Non-Grain Oriented Electrical Steel
The global electrical steel market on the basis of application
is segmented as:
·
Inductors
·
Transformers
·
Motors
The global electrical steel market on the basis of end use
industry is segmented as:
·
Automobile
·
Energy
·
Household Appliance
·
Manufacturing
·
Others
Electrical
Steel Market: Key Market Players
Along with the company profiles
of key companies enabling the market expansion, the report covers a detailed
competition landscape scenario of the electrical steel market. Comparison and
market share analysis of prominent players provided in the report offers the
reader preventive steps to advance their businesses. The reports cover
strategic developments in the electrical steel market focused on inorganic and
organic growth strategies. The company profile is one of the carefully crafted
section in the electrical steel market report, which extracts fundamentals such
as SWOT analysis, product portfolio on each player, along with the company
strategy identification and analysis. Company presence deliberately mapped and
presented with a model for all prominent players operating in the electrical
steel market.
Aperam S.A., ArcelorMittal S.A., ATI,
Baosteel Group Corporation, Cogent Power Limited, JFE Steel Corporation, Leicong
Industrial Co Ltd., Nicore Electrical Manufactory Co Ltd., Nippon Steel &
Sumitomo Metal Corporation, NLMK (Novolipetsk Steel), Phoenix Mecano AG, POSCO,
ThyssenKrupp AG, and Voestalpine AG Industry are some of the key market players
operating in the global electrical steel market.
Electrical
Steel Market: Regional Outlook
The report provides a detailed
overview of the electrical steel market in regions including North America,
Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa.
The country-specific assessment for electrical steel market has been offered
for all regional market, along with forecasts, market scope estimates, price
point assessment, and impact analysis of prominent countries and regions.
Throughout the report, Y-o-Y growth estimates are also incorporated for every
country and region, to provide a detailed view of the electrical steel market.
These Y-o-Y projections on regional and country-level markets brighten the
political, economic and business environment outlook, which are anticipated to
have a substantial impact on the growth of the electrical steel market. Some
key country and region included in the electrical steel market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The
Electrical Steel Market Report Covers In-depth Analysis on:
·
Electrical steel market segments
·
Electrical steel market dynamics
·
Electrical steel market size
·
Recent trends, restraints, opportunities in electrical
steel market
·
Companies & competition involved electrical
steel market
·
Latest technologies in electrical steel market
·
Supply chain and value chain electrical steel
market
Electrical
Steel Market Report Highlights:
·
A comprehensive overview of parent market
·
Market dynamics and trends in the industry
·
Current, historical and anticipated market size
in terms of value and volume
·
In-depth market segmentation
·
Competition landscape
·
Key Strategies of leading companies and product portfolio
·
Recent industry developments and trends
·
Potential and country, regions and segments exhibiting
future growth
·
A detailed viewpoint on market performance
during the forecast period
·
Essential information to enhance market position
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