Electrical Steel Market Size, Technology Insights, Trends, Growth And Forecast From 2020 To 2024

The global electrical steel market size is anticipated to reach USD 40.57 billion by 2025,expanding at a CAGR of 7.2% over the forecast period, according to a new report by Radiant Insights, Inc.

The market is majorly driven by the growing demand for transformers in the energy industry on account of high requirement of electricity in the industrial and commercial sector across the globe.

Download Free Sample Report @ https://www.radiantinsights.com/research/electrical-steel-market/request-sample Favorable regulatory policies play a major role in the market growth.

Regulatory bodies across the globe are largely focusing on augmenting energy efficiency and reducing losses in transformers.

Asia Pacific was the largest segment in terms of volume followed by Europe and North America in 2018.

Business environment analysis: electrical steel market3.6.1.

The global electrical steel market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.

Further, the electrical steel market report emphasizes the adoption pattern of the electrical steel market across various industries.Global demand for electrical steel is estimated to reach 15,900 kilo tonnes in 2018, according to Fact.MR valuation.

Overall growth of the electrical steel market can be attributed to,Growing interest of steel companies to accommodate the evolving trends in the electrical steel marketplaceChanging trade measures leading to declining exports and strengthening domestic electrical steel productionConsiderable demand for electrical steel in the automotive industry, particularly in electrical vehiclesFact.MR study finds a consistently rising consumption of electrical steel wherein an increase of almost 900 kilo tonnes between 2017 and 2018 and a y-o-y growth of 6.7% is estimated.The electrical steel market report highlights the following players:NLMKvoestalpine AGPOSCONIPPON STEEL & SUMITOMO METAL CORPORATIONthyssenkrupp AGJFE Steel CorporationArcelorMittalCogent Power LimitedAperamBaosteel Group CorporationAK Steel CorporationATISchneider ElectricNICORE ELECTRICAL MANUFCTORY CO.,LTDEmirates Transformer & Switchgear LimitedPhoenix Mecano AGCrompton Greaves LimitedLeicong Industrial Co., LtdHöganäs ABRequest for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=2397Semi-Processed NGOES Registers Nearly 58% Electrical Steel ConsumptionAmong fully and semi-processed NGOES variants, Fact.MR projects that semi-processed will account for a bulk of the total NGOES consumption in 2017 and the status-quo will continue in 2018.In particular, the optimistic forecast of NGOES can be attributed to the increasing application of non-grain oriented electrical steel in the automotive industry, particularly electric and hybrid vehicles.

Owing to the superior properties, commercial NGOES is used in multiple applications including small to mid-sized motors and transformers across end-user industries.Fact.MR estimates that grain-oriented electrical steel (GOES) will hold the remaining market share and account for one-fourth of the global consumption in 2018.

Application of GOES remains consolidated in larger distribution and power transformers utilized in the utilities sector.The study shows that electrical steel consumption remains concentrated in electric motors and account for over 71% of the electrical steel used in 2017.

Buoyancy in the utilities sector and indispensable role of transmission transformers in power generation will maintain application of electrical steel in these transformers in 2018.The electrical steel market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Important regions covered in the electrical steel market report include:Middle East and Africa (GCC, South Africa)JapanAPEJ (ASEAN, India)Western Europe (France, Germany)The electrical steel market report takes into consideration the following segments by product type:Grain-Oriented Electrical SteelNon-Grain Oriented Electrical SteelThe electrical steel market report contain the following applications:TransformersMotorsInductorsAPEJ to Continue Pole Position in Electrical Steel MarketThe Fact.MR study estimates that APEJ continues to register significant consumption for electrical steel and will account for nearly 44% of the total demand in 2018.

The global electrical steel market is projected to witness healthy growth in 2016.

Asia Pacific excluding Japan is estimated to grow at the highest pace, accounting for a substantial share in the global market revenues.Extensive use of electrical steel (silicon steel or laminate steel) in the core manufacturing of motors, transformers, and inductors is expected to primarily drive the demand for electrical steel in 2016.

In addition, the aerospace industry is estimated to fuel sizeable demand for electrical steel in the global market.

Electrical steel is also estimated to witness significant demand, attributed to superior electric and magnetic properties compared to its industrial counterparts.

Increasing applications of electrical steel in manufacturing of supercars and consumer appliances are expected to accelerate the global market growth throughout 2016.On the basis of product type, the global electrical steel market has two key segments.

However, this segment is expected to witness decline by 2016 end, and further.The grain oriented electrical steel segment is expected to thrive dramatically at the fastest CAGR of 7.5% in terms of value in 2016, owing to increasing demand for grain oriented electrical steel from energy and power generation industries.The electrical steel market is anticipated to gain the maximum traction by applications in motors and transformers.

Report on World Electrical Steel Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comElectrical Steel market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.The report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/47073-world-electrical-steel-market-reportThe players mentioned in our reportJFE SteelPoscoNLMK GroupThyssenKruppCSCVoestalpineAK SteelNucorTATA SteelNSSMCArcelorMittalStalprodukt S.A.ATIWISCOTISCOBaosteelShougangAnsteelMasteelBenxi SteelGlobal Electrical Steel Market: Product Segment AnalysisOriented Electrical SteelsNon-oriented Electrical SteelsGlobal Electrical Steel Market: Application Segment AnalysisLarge electrical machineMiddle sized motorsCompressor-motorGeneral-purpose machineSmall precision motorsThe traction motor to EVGlobal Electrical Steel Market: Regional Segment AnalysisUSAEuropeSouth East AsiaChinaIndiaDownload Free Sample Report of World Electrical Steel Market @ https://www.decisiondatabases.com/contact/download-sample-47073There are 10 Chapters to deeply display the World Electrical Steel market.Chapter 1 About the Electrical Steel IndustryChapter 2 World Market Competition LandscapeChapter 3 World Electrical Steel Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Electrical Steel Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Electrical Steel Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-47073Other Reports by DecisionDatabases.com:World Steel Cord Market Research Report 2025(covering USA, Europe , South East Asia, China, India and etc )About-Us:DecisionDatabases.com is a global business research report provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global electrical steel market considering 2013-2017 as the historic year and 2018–2026 as the stipulated timeframe.

The business report highlights the drivers, restraints, opportunities and trends affecting electrical steel market growth.

Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

Fact.MR study finds a consistently rising consumption of electrical steel wherein an increase of almost 900 kilo tonnes between 2017 and 2018 and a y-o-y growth of 6.7% is estimated.The key players in the global electrical steel market report consist ofBaosteel Group CorporationJFE Steel CorporationNIPPON STEEL & SUMITOMO METAL CORPORATIONCogent Power LimitedOthersEach market player encompassed in the electrical steel market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.

In addition, the electrical steel market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.Semi-Processed NGOES Registers Nearly 58% Electrical Steel ConsumptionAmong fully and semi-processed NGOES variants, Fact.MR projects that semi-processed will account for a bulk of the total NGOES consumption in 2017 and the status-quo will continue in 2018.

In particular, the optimistic forecast of NGOES can be attributed to the increasing application of non-grain oriented electrical steel in the automotive industry, particularly electric and hybrid vehicles.

The Global Electrical Steel Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type, application and end-user.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Type – Non Grain-Oriented Electrical SteelBy Application – Transformer IndustryBy End-User – Energy SectorBy Geography – Asia-PacificFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global Electrical Steel Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17813-electrical-steel-market-reportThe report also covers the complete competitive landscape of the global Electrical Steel market with company profiles of key players such as:Allegheny Technologies IncorporatedArcelorMittal S.A.Baosteel GroupEssar SteelJFE Steel CorporationNippon Steel & Sumitomo Metal CorporationPOSCOSteel Authority of India LimitedTata Steel LimitedUnion Electric Steel CorporationUnited States Steel CorporationVoestalpine GroupSEGMENTATIONS IN THE REPORT:By Type:Grain-Oriented SteelNon Grain-Oriented SteelBy Application:TransformersCurrent TransformersPower TransformersDistribution TransformersMotorsInductorsOther (Batteries and Welding Equipment)By End-User:Energy SectorAutomobile SectorManufacturing SectorHousehold AppliancesOtherBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Electrical Steel Market @ https://www.decisiondatabases.com/contact/download-sample-17813The Global Electrical Steel Market has been exhibited in detail in the following chapters –Chapter 1 Electrical Steel Market PrefaceChapter 2 Executive SummaryChapter 3 Electrical Steel  Industry AnalysisChapter 4 Electrical Steel Market Value Chain AnalysisChapter 5 Electrical Steel Market Analysis By TypeChapter 6 Electrical Steel Market Analysis By ApplicationChapter 7 Electrical Steel Market Analysis By End-UserChapter 8 Electrical Steel Market Analysis By GeographyChapter 9 Competitive Landscape Of Electrical Steel CompaniesChapter 10 Company Profiles Of Electrical Steel IndustryPurchase the complete Global Electrical Steel Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17813Other Reports by DecisionDatabases.com:Global Structural Steel Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global High Strength Steel Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Steel Rebar Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

New report on the global Electrical Steel market for the period of 2020 to 2030 has been published by Fact.MR.

Trends and drivers that impact the landscape positively include varied factors.

Additionally, it is quite interesting to note here that a delineation of opportunities, ready to emerge, is also provided in the report.

The report sets the historical data against the forecast data so that readers can make informed decisions and gain additional insights into the growth dynamics.It is pertinent to note here that over the forecast period, players in the market will take measures to chart growth for them and those contributions will add t overall global Electrical Steel market growth.

With the comprehensive information, players will be able to strategize in an effective manner and tap in-to any growth opportunities that might present over the tough times, when trade is taking a hit and a number of places across the world are witnessing lockdowns.Here, it is of much significance to note that over the stated period of assessment of the global Electrical Steel market, it will witness growth rate of 6.2%, compounded annually.

As mentioned above a host of factors will enable this growth and the impact would be seen on a number of parameters such as valuation in a positive way.