Electrical Steel Market, by Type (Grain-oriented, Non-grain oriented ), by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022

Description

Electrical steel sheets are used in the electromagnetic devices such as generators, transformer, and motors. It is also referred as silicon steel, lamination steel or transformer steel, and is mainly used in automotive industries and electrical power distribution systems.

Market Dynamics

Global electrical steel market is growing at a substantial rate, owing to rise in consumption rate of electrical steel in motors and transformers. Furthermore, increasing sales of automotive vehicles is the key underlying factor supporting market growth. This scenario is expected to provide lucrative growth to the global electrical steel market over the forecast period.

Major players in the global electrical steel market are increasing their investment on innovative product launches, research & development, and marketing & promotional activities to capitalize on emerging trends in various end-use energy, household appliances and automobile industry. For instance, in 2018, AK Steel (steelmaking company), launched electrical steel for use in high voltage and ultra-voltage power transformers, TRAN-COR X, belongs to high permeability grain oriented electrical steel (GOES) type. This scenario is expected to fuel the market growth during the forecast period.

Based on application, the transformers segment is projected to be the largest segment in the electrical steel market. Growth of this segment is mainly attributed to the high demand for electrical steel as it is used in power generation, transmission, and distribution industries. Electrical steel is used in electrical transformer cores and other electrical devices, owing to the low hysteresis loss, high permeability, and high resistance it offers. It is used to make iron cores of motors. These cores concentrate the magnetic field and make the electromagnet stronger. Electrical steel is also used in the manufacturing of cores of inductors that are used extensively with capacitors and resistors to create filters for analog circuits and in signal processing.

Key features of the study:

This report provides an in-depth analysis of the global electrical steel market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electrical steel market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include NLMK, Voestalpine AG, POSCO, Nippon Steel & Sumitomo Metal Corporation, Thyssenkrupp AG, JFE Steel Corporation, ArcelorMittal, Cogent Power Limited, Aperam, Baosteel Group Corporation, AK Steel Corporation, ATI, Schneider Electric, and Nicore Electrical Manufactory Co., Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
The global electrical steel market report caters to various stakeholders in this industry including investors, suppliers, electrical steel manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electrical steel market

Detailed Segmentation:

Global Electrical Steel Market, By Type:
- Grain-oriented
  - Hi-Permeability (HiB)
  - Conventional GOES
  - Laser magnetic domain refinement (LMDR)
- Non-grain oriented
  - Fully Processed
  - Semi Processed
Global Electrical Steel Market, By Application :
- Transformer
  - Distribution
  - Transmission
  - Portable
- Motors
  - 1hp - 100hp
  - 101hp - 200hp
  - 201hp - 500hp
  - 501hp-1000hp
  - Above 1001hp
- Inductors
Global Electrical Steel Market, By Region:
- North America
  - By Country:
- U.S.
- Canada
- Latin America
  - By Country:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
  - By Country:
- France
- Germany
- Italy
- Spain
- U.K.
- Nordic
- Benelux
- Russia
- Poland
- Rest of Europe
- Asia Pacific
  - By Country:
- China
- India
- Japan
- ASEAN
- Oceania
- Rest of Asia Pacific
- Middle East & Africa
  - By Country:
- GCC
- South Africa
- Rest of Middle East & Africa
Company Profiles
- NLMK*
  - Company Overview
  - Product Portfolio
  - Key Strategies
  - Recent Developments
  - Future Plans
- Voestalpine AG
- POSCO
- Nippon Steel & Sumitomo Metal Corporation
- ThyssenKrupp AG
- JFE Steel Corporation
- ArcelorMittal
- Cogent Power Limited
- Aperam
- Baosteel Group Corporation
- AK Steel Corporation
- ATI
- Schneider Electric
- Nicore Electrical Manufactory Co., Ltd

"*" marked represents similar segmentation in other categories in the respective section

Product Code: CMI3961

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Electrical Steel Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Electrical Steel Market - COVID-19
Impact Analysis

5. Global Electrical Steel Market, By Type, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Grain-oriented
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Sub-segments Trends
Hi-Permeability (HiB)
Conventional GOES
Laser magnetic domain refinement (LMDR)
Non-grain oriented
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Sub-segments Trends
Fully Processed
Semi Processed

6. Global Electrical Steel Market, By Application, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Transformer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Sub-segments Trends
Distribution
Transmission
Portable
Motors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Sub-segments Trends
1hp - 100hp
101hp - 200hp
201hp - 500hp
501hp-1000hp
Above 1001hp
Inductors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

7. Global Electrical Steel Market, By Region, 2017-2030 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
France
Germany
Italy
Spain
U.K.
Nordic
Benelux
Russia
Poland
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
China
India
Japan
Oceania
ASEAN
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Market Size and Forecast, By Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
GCC
South Africa
Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- NLMK*
Company Overview
Product Portfolio
Recent Developments/Updates
- Voestalpine AG
Company Overview
Product Portfolio
Recent Developments/Updates
- POSCO
Company Overview
Product Portfolio
Recent Developments/Updates
- Nippon Steel & Sumitomo Metal Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- ThyssenKrupp AG
Company Overview
Product Portfolio
Recent Developments/Updates
- JFE Steel Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- ArcelorMittal
Company Overview
Product Portfolio
Recent Developments/Updates
- Cogent Power Limited
Company Overview
Product Portfolio
Recent Developments/Updates
- Aperam
Company Overview
Product Portfolio
Recent Developments/Updates
- Baosteel Group Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- AK Steel Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
- ATI
Company Overview
Product Portfolio
Recent Developments/Updates
- Schneider Electric
Company Overview
Product Portfolio
Recent Developments/Updates
- Nicore Electrical Manufactory Co., Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates

9. Section

References
Research Methodology
About Us and Sales Contact
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Electrical Steel Market, by Type (Grain-oriented, Non-grain oriented ), by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030