The latest research report on Electrical Steel Market
The global electrical steel market was valued at USD 20.45 billion in 2018 and is expected to reach a value of USD 34.63 billion at a CAGR of 5.8% during the forecast period, 2019–2026.
Global Electrical Steel Market Report (Industry Analysis, Applications, Growth, Trends) and Future Forecast (2016-2026) is the latest report published by Straits Research which is committed to delivering details of the Electrical Steel industry.
Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Electrical Steel industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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Electrical Steel is extensively used in the manufacturing of transformers which are further used in voltmeter, ammeters, rectifiers, power supplies, and others. Increasing demand for electricity is expected to augment the electrical steel market in the coming years. Technological advancements in the automotive industry to improve safety, light weighting, fuel efficiency, and specific requirements are expected to propel the growth of the market.
Some of the key players in the global electrical steel market are Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Baosteel (China), China Baowu Steel Group Corporation Limited, Ansteel Group Corporation Limited, United States Steel Corporation (U.S.), ArcelorMittal (Luxembourg), Tata Steel Limited (India), SAIL (Steel Authority of India Limited)(India), Voestalpine Group (Austria), Baosteel Group (Baowu Steel Group Corporation Limited), Jindal Steel and Power Limited (India), JFE Steel Corporation (India) and Essar Steel (India).
The Electrical Steel Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Electrical Steel industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Electrical Steel market since the past few years.
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By Type, Grain-Oriented, Non-Grain Oriented, Others,
By Application, Inductors, Transformers, Motors, Rotors, Stators, Others,
By End-Use Industry, Household Appliances, Manufacturing, Energy, Automotive, Others
The competitive landscape:
The competitive landscape of the Electrical Steel market is a highly crucial section of the report that creates a firm portrait of the market’s key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
Why purchase this report?
- Historical inferences, findings & analysis of the Electrical Steel market from 2016 to 2018
- Projections and performance forecast analysis for the future from 2019 to 2026
- Production and consumption point of view (POV) analysis
- Electrical Steel Market drivers, restraint and opportunity analysis, to define Electrical Steel market dynamics covering industry, regulatory, innovation, technological & pricing trends
- Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Electrical Steel market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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