Title:
Electrical Steel Market, By Type (Grain-oriented (Hi-Permeability (HiB), Conventional GOES, Laser magnetic domain refinement (LMDR)), Non-grain oriented (Fully Processed, Semi Processed)), By Application (Transformer (Distribution, Transmission, Portable), Motors (1hp - 100hp, 101hp - 200hp, 201hp - 500hp, 501hp-1000hp, Above 1001hp), Inductors), and By Region (Asia Pacific, North America, Europe, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.
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, mainly used in automotive industries and electrical power distribution systems.
Market Dynamics
The global electrical steel market is growing at substantial rate, owing to rise in consumption rate of electrical steel in motors and transformer. Furthermore, increasing sales of automotive vehicles is the key underlying factor supporting market growth. According to Organisation Internationale des Constructeurs d'Automobiles, in 2018, 95.05 million units of vehicles were sold globally, up from 93.8 million in 2016. 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 launchings, 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, 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 during the forecast period.
Key features of the study:
- This report provides in-depth analysis of global electrical steel market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 - 2027), considering 2019 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 into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading 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 includes 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, Nicore Electrical Manufactory Co., Ltd.
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
- The global Electrical steel market report caters to various stakeholders in this industry including investors, suppliers, global electrical steel manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analysing 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
- U.S.
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Canada
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Latin America
- Brazil
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Mexico
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Rest of Latin America
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Europe
- France
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Germany
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- U.K.
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Russia
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Rest of Europe
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Asia Pacific
- China
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Japan
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Australia
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- India
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Rest of the Asia-pacific
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Middle East & Africa
- GCC
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- South Africa
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Rest of Middle East & Africa
- By Type
- Grain-oriented
- Hi-Permeability (HiB)
- Conventional GOES
- Laser magnetic domain refinement (LMDR)
- Non-grain oriented
- Fully Processed
- Semi Processed
- By Application
- Transformer
- Distribution
- Transmission
- Portable
- Motors
- 1hp - 100hp
- 101hp - 200hp
- 201hp - 500hp
- 501hp-1000hp
- Above 1001hp
- Inductors
- Company Profiles
- NLMK
- Company Overview
- Product Portfolio
- Financial Performance
- 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
Electrical Steel Market by Type (Grain Oriented Electrical Steel and Non-Grain Oriented Electrical Steel) and Application (Transformers, Motors, Generators, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Electrical Steel Market by Type (Grain Oriented, Non-Grain Orineted), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automotive, Manufacturing, Household Appliances), & Region (NA, EU, APAC, MEA, SA)-Global Forecast to 2025
Asia-Pacific Electrical Steel Market - Industry Trends and Forecast to 2027
Europe Electrical Steel Market - Industry Trends and Forecast to 2027
Global Electrical Steel Market - Industry Trends and Forecast to 2027
Middle East and Africa Electrical Steel Market - Industry Trends and Forecast to 2027
North America Electrical Steel Market - Industry Trends and Forecast to 2027
Electrical Steel
Electrical Steel - Global Market Outlook (2019-2027)
Global Non Grain-oriented Electrical Steel Market Research Report 2020
