Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively.
The classification of electrical steel includes Non-oriented Electrical Steels, Oriented Electrical Steels, and the proportion of Non-oriented Electrical Steels, in 2016 is about 81%, and the proportion is in decreasing trend from 2012 to 2017.
Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
According to this study, over the next five years the Electrical Steels market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 27600 million by 2024, from US$ 23900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electrical Steels business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Steels market by product type, application, key manufacturers and key regions and countries.
This study considers the Electrical Steels value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Oriented Electrical Steels
Non-oriented Electrical Steels
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transformer
Power Generator
Electric Motor
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Baowu
ArcelorMittal
JFE Steel
Shougang
TISCO
NSSMC
NLMK Group
AK Steel
ThyssenKrupp
Ansteel
Masteel
Posco
Cogent(Tata Steel)
Voestalpine
Benxi Steel
APERAM
Nucor
ATI
Stalprodukt S.A.
CSC
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electrical Steels consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electrical Steels market by identifying its various subsegments.
Focuses on the key global Electrical Steels manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electrical Steels with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electrical Steels submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Electrical Steels . Industry analysis & Market Report on Electrical Steels is a syndicated market report, published as Global Electrical Steels Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Electrical Steels market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.