Global Electrical Steel Market - Industry Trends and Forecast to 2027

Report ID: | Publihed: 08-Jan-2020 | No of Pages: 397


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Global electrical steel market is projected to register a CAGR of 7.5% in the forecast period of 2020 to 2027. The new market report contains data for the historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.

Market Segmentation:
Global Electrical Steel Market, By Type (Grain Oriented Steel (CGRO), Non-Oriented Electrical Steel (CRNGO)), Thickness (0.23 MM, 0.27 MM, 0.30 MM, 0.35 MM, 0.5 MM, 0.65 MM, and Others), Core Losses (Less Than 0.9 w/kg, 0.90 w/kg to 0.99 w/kg, 1.00 w/kg to 1.29 w/kg, 1.30 w/kg to 1.39 w/kg, and above1.39 w/kg), Flux Density (Less Than 1.65 Tesla, 1.65 Tesla to 1.69 Tesla, 1.69 Tesla to 1.73 Tesla, 1.73 Tesla to 1.76 Tesla, and Above 1.76 Tesla), Application (Transformers, Inductors, Battery, Shunt Reactors, Convertors, Motors, Electrical Ballasts, Power Generators, Wound Cores, and Others), End-User (Energy and Power, Household Appliances, Automobiles, Building and Construction, and Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Some of the major factors contributing to the growth of the global electrical steel market:

• Growing popularity of pre-engineered metal buildings and lightweight building materials to foster energy savings
• Increasing demand of steel sheet in motors of hybrid/electrical vehicles

Market Players:

The key players of global electrical steel market are:
• Hesteel Group Tangsteel Company
• ChinaSteel
• JFE Steel Corporation (A Subsidiary of JFE Holdings, Inc.)
• Baosteel Group Hu
• thyssenkrupp AG
• ArcelorMittal
• United States Steel
• voestalpine AG
• Electrosteel Steels Ltd. (A Subsidiary of Vedanta Resources Limited)
• Tata Steel
• Union Electric Steel Corporation (A Subsidiary of Ampco Pittsburgh Corporation.)
• Hebei Puyang Iron and Steel Group
• Aperam
• Cogent Power Limited and Sko-Die Inc.

Report Subsumes the following

Competitors Analysis Go To Market Strategies
Regional Coverage with precise Market Numbers Global Impact post Covid-19
Market Penetration Strategies Granular breakdown By Type and By Application.