Middle East and Africa electrical steel market is projected to register a CAGR of 5.8% 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:
Middle East and Africa 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 Above 1.39 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 (UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Some of the major factor contributing to the growth of the Middle East and Africa electrical steel market:
• Growing demand by power generation industries
Market Players:
The key market players for Middle East and Africa electrical steel market are listed below:
• ChinaSteel
• Electrosteel Steels Ltd. (A Subsidiary of Vedanta Resources Limited)
• Hesteel Group Tangsteel Company
• JFE Steel Corporation
• Baosteel Group Hu