Electrical Steel Market From Key End-Use Sectors To Surge In The Near Future 2026

The global electrical steel market is expected to exceed more than US$ 41.50 Billion by 2024 at a CAGR of 7.0% in the given forecast period.

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Electrical steel is generally manufactured into cold-rolled strips less than 2 mm thick, which are cut into shape to make laminations which are stacked together to form the laminated cores of transformers, and the stator and rotor of electric motors. They are segment as grain oriented and non-grain oriented type.

The global electrical steel market is segmented on the lines of its technology, treatment, application and regional. Based on technology segmentation it covers Grain-oriented, Non Grain-oriented; and based onapplication segmentation it covers Transformers, Current, Power, Distribution, Motors, Inductorsand other application. The global electrical steel marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The scope of the report includes a detailed study of global and regional markets on Electrical Steel Marketwith the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include ArcelorMittal, POSCO, Voestalpine, Baosteel, Nippon Steel, Steel Authority, Tata Steel, JFE Steel Corporation, Essar Steel. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The global Electrical steel markethas been segmented as below:

The global Electrical steel market is segmented on the Basis of Technology Analysis, Application Analysis and Regional Analysis. By Technology Analysis this market is segmented on the basis of Grain-oriented and Non Grain-oriented.By Application Analysis this market is segmented on the basis of Transformers, Current, Power, Distribution, Motors, Inductors and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

This report provides:

1) An overview of the global market for electrical steel and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for global electrical steel market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The major driving factors of global electrical steel market are as follows:

  • High demand of electrical steel in transformers and motors
  • Improves the efficiency of machine
  • Improve the comfort, power performance, fuel economy of automobiles

The restraining factors of ­ global electrical steel market are as follows:

  • Fluctuation in raw material cost

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Electrical Steel Market, By Type

7 Electrical Steel Market, By Application

8 Electrical Steel Market, By End-Use Industry

8.1 Introduction
8.1.1 Energy
8.1.2 Automobile
8.1.3 Manufacturing
8.1.4 Household Appliances
8.1.5 Others

9 Electrical Steel Market, By Region

10 Competitive Landscape

11 Company Profile
11.1 Introduction
11.2 Arcelor Mittal
11.3 Posco
11.4 Voestalpine Group
11.5 Baosteel
11.6 Nippon Steel & Sumitomo Metal Corporation
11.7 United States Steel Corporation
11.8 Steel Authority of India Limited
11.9 Tata Steel Limited
11.10 JFE Steel Corporation
11.11 Essar Steel
11.12 HebeiPuyang Iron and Steel Group
11.13 Jiangsu Shagang International Trade Co. Ltd.
11.14 China Steel Corporation
11.15 JSW Steel
11.16 Wuhan Iron & Steel Corporation
11.17 Thyssenkrupp AG
11.18 Angang Steel Company Limited
11.19 Electrosteel Limited
11.20 Allengency Technologies
11.21 Union Electric Steel Corporation

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