Report Ocean has recently published a new research study on the global electrical steel market. According to the study, the market is expected to exhibit strong growth potential over the period from 2020 to 2027. The report is titled “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” and is prepared after carrying out a detailed analysis of this market, taking the performance of every market segment into consideration, using various research tools.
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According to the report, the global electrical steel market stood at US$15.0 bn in 2019. Expanding at a CAGR of 5.80% during the period from 2020 to 2027, the market is projected to reach US$21.0 bn by the end of the forecast period.
The worldwide market for electrical steel is registering a significantly high growth, thanks to the increasing demand for energy in developing countries. The increasing in urbanization and industrialization, propelling construction activities, is also adding to the growth of this market. Going forward, the surging penetration of electrical vehicles is likely to create lucrative opportunities for electrical steel manufacturers in the long run, reports the study.
Impact of Covid 19 on Global Electrical Steel Market
The coronavirus pandemic has a widespread impact on almost all the markets and the electrical steel market is no better. The demand for torque sensors is highest in the automotive, transportation, and the manufacturing markets. The lockdowns imposed by various governments across the world have forced these markets to slowdown and operate with minimal workforce. This has lowered the production efficiency and the procurement budget to a great extent, the impact of which is likely to reflect on the growth of the global electrical steel market in the near future.
Rise in Manufacturing Processes to Boost Demand for Electrical Steel
The report analyzes the worldwide electrical steel market on three fronts: The type, application, and the region. Based on the type, the market has been classified into grain-oriented electrical steel and non-grain-oriented electrical steel. With the constant rise in manufacturing processes, the demand for both the type of electric steels is increasing significantly.
Based on the application, the market has been categorized into transformers, motors, and generators. In terms of the geography, North America, Europe, Asia Pacific, and LAMEA have been considered as the key regional markets for electrical steel in this report. Among these, North America has surfaced as the leading regional market for electrical steel. The Asia Pacific electrical steel market is expected to report the highest growth rate over the forecast period, states the market study.
According to this report Aperam, ArcelorMittal, Baosteel Group Hu, Cleveland-Cliffs Inc., JFE Holdings, Inc., POSCO, Nippon Steel Corporation, Slovenian Steel Group, Tata Steel, and Voestalpine AG are some of the key manufacturers of electrical steel across the world. Other prominent players in the value chain of this market are Union Electric Steel Corporation, Allengency Technologies, Electrosteel Limited, Angang Steel Company Limited, Thyssenkrupp AG, Wuhan Iron & Steel Corporation, JSW Steel, and Essar Steel.
Key Findings:
The global electrical steel market is segmented into:
By Type
By Application
By Region
Companies Mentioned in the Report
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TABLE OF CONTENT
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.Key findings
2.2.1.Top investment pockets
2.3.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping electrical steel market
3.2.1.Bargaining power of the supplier
3.2.2.Bargaining power of the buyer
3.2.3.Threat of new entrant
3.2.4.Threat of Substitutes
3.2.5.Competitive rivalry
3.3.Market Dynamics
3.3.1.Drivers
3.3.1.1.Increase in demand from energy generation & transmission industries
3.3.1.2.Growing deployment of renewable energy
3.3.2.Restraint
3.3.2.1.Volatile prices of raw materials
3.3.3.Opportunity
3.3.3.1.Increasing usage of electrical vehicles
3.4.Value Chain
3.5.Pricing analysis 2019-2027
3.6.Patent analysis 2012-2019
3.7.Impact of COVID-19 outbreak on the market
CHAPTER 4:ELECTRICAL STEEL MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Grain-Oriented Electrical Steel
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Non-Grain Oriented Electrical Steel
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
CHAPTER 5:ELECTRICAL STEEL MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast
5.2.Transformers
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.Motors
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.Generators
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.Others
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
CHAPTER 6:ELECTRICAL STEEL MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.U.S.
6.2.5.1.Market size and forecast, by type
6.2.5.2.Market size and forecast, by application
6.2.6.Canada
6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by application
6.2.7.Mexico
6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by application
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country
6.3.5.Germany
6.3.5.1.Market size and forecast, by type
6.3.5.2.Market size and forecast, by application
6.3.6.France
6.3.6.1.Market size and forecast, by type
6.3.6.2.Market size and forecast, by application
6.3.7.UK
6.3.7.1.Market size and forecast, by type
6.3.7.2.Market size and forecast, by application
6.3.8.Italy
6.3.8.1.Market size and forecast, by type
6.3.8.2.Market size and forecast, by application
6.3.9.Spain
6.3.9.1.Market size and forecast, by type
6.3.9.2.Market size and forecast, by application
6.3.10.Rest of Europe
6.3.10.1.Market size and forecast, by type
6.3.10.2.Market size and forecast, by application
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by country
6.4.5.China
6.4.5.1.Market size and forecast, by type
6.4.5.2.Market size and forecast, by application
6.4.6.Japan
6.4.6.1.Market size and forecast, by type
6.4.6.2.Market size and forecast, by application
6.4.7.India
6.4.7.1.Market size and forecast, by type
6.4.7.2.Market size and forecast, by application
6.4.8.Australia
6.4.8.1.Market size and forecast, by type
6.4.8.2.Market size and forecast, by application
6.4.9.South Korea
6.4.9.1.Market size and forecast, by type
6.4.9.2.Market size and forecast, by application
6.4.10.Rest of Asia-Pacific
6.4.10.1.Market size and forecast, by type
6.4.10.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by application
6.5.4.Market size and forecast, by country
6.5.5.Brazil
6.5.5.1.Market size and forecast, by type
6.5.5.2.Market size and forecast, by application
6.5.6.UAE
6.5.6.1.Market size and forecast, by type
6.5.6.2.Market size and forecast, by application
6.5.7.Saudi Arabia
6.5.7.1.Market size and forecast, by type
6.5.7.2.Market size and forecast, by application
6.5.8.South Africa
6.5.8.1.Market size and forecast, by type
6.5.8.2.Market size and forecast, by application
6.5.9.Rest of LAMEA
6.5.9.1.Market size and forecast, by type
6.5.9.2.Market size and forecast, by application
CHAPTER 7:COMPETITIVE LANDSCAPE
7.1.Introduction
7.1.1.Market player positioning, 2019
7.2.Competitive Heatmap
7.3.Product mapping of top 10 player
7.4.Key developments
7.4.1.New product launches
CHAPTER 8:COMPANY PROFILES
8.1.Aperam
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.2.ArcelorMittal
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.R&D Expenditure
8.2.6.Business performance
8.2.7.Key strategic moves and developments
8.3.Tata Steel
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Business performance
8.4.POSCO
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.R&D Expenditure
8.4.6.Business performance
8.5.Nippon Steel Corporation
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.R&D Expenditure
8.5.6.Business performance
8.6.Baosteel Group Hu
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.7.Voestalpine AG
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.R&D Expenditure
8.7.6.Business performance
8.8.JFE Holdings, Inc
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.9.Cleveland-Cliffs Inc.
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Business performance
8.10.Slovenian Steel Group
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Business performance
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