Global Electrical Steel Market Research Report 2022-2027
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Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights Report Description Global Electrical Steel Market Outlook 2022-2027: According to the latest report by IMARC Group, titled "Electrical Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global electrical steel market reached a value of US$ 35.4 Billion in 2021. Electrical steel refers to a ferromagnetic material that is mainly used in the manufacturing of automobiles and electromagnetic devices. It is generally manufactured using iron and silicon that provides increased resistivity and permeability while reducing hysteresis loss. It is usually melted or cast continuously in an oxygen furnace for attaining the desired shape and thickness while removing the impurities and brittle materials. As a result, it is extensively utilized in the production of rotating and static machines, such as power and distribution transformers, magnetic switches and relays, hermetic and intermittent service motors, inductors, solenoids, and batteries.. Request for a PDF sample of https://www.imarcgroup.com/electrical-steel-market/requestsample
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Report Description and Highlights
Report Description
Global Electrical Steel Market Drivers/Constraints: The global market is primarily driven by the rising adoption of electric vehicles (EVs). Coupled with the increasing preferences for light-weighted automobile variants among individuals, this is providing an impetus to the market growth on the global level. Along with this, rising investments and funding toward infrastructural development projects, including metro stations, warehouses and industrial buildings, is acting as one of the key factors driving the growth of the market. Moreover, the increasing government initiatives promoting the use of renewable resources and the rising need for efficient power transmission, especially across remote locations, are creating a positive outlook for the market. Also, the increasing upgradation activities of existing grid networks and smart grids development are also bolstering the demand for electrical steel. Other factors, including continuous improvements in the automotive and energy industries and extensive research and development (R&D) activities conducted by key players, are also contributing to the market growth. Looking forward, the market is anticipated to grow at a CAGR of 6.07% during the forecast period (2022-2027). View Report TOC, Figures and Tables: https://www.imarcgroup.com/electrical-steel-market
Report Description and Highlights
Report Description Key Market Segmentation
The research report includes the following segments:
Breakup by Type: •
Grain Oriented Electrical Steel
•
Non-Grain Oriented Electrical Steel
Breakup by Application: •
Transformers
•
Motors
•
Generators
•
Others
Report Description and Highlights
Report Description Breakup by End Use Industry: •Energy and Power •Automobiles •Household Appliances •Building and Construction •Others
Breakup by Region: North America •United States •Canada Asia-Pacific •China •Japan •India •South Korea •Australia •Indonesia •Others
Report Description and Highlights
Report Description Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others Latin America • Brazil • Mexico • Others Middle East and Africa
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. click here: https://www.imarcgroup.com/request?type=report&id=4637&flag=E
Report Description and Highlights
Report Description Competitive Landscape: • • • • • • • • • • • • • • •
Aperam, ArcelorMittal, Baoshan Iron & Steel Co. Ltd. (China Baowu Steel Group Corp. Ltd.), China Steel Corporation, JFE Holdings Inc., JSW Steel Ltd., Nippon Steel Corporation, POSCO, SIJ - Slovenian Steel Group d. d., Steel Authority of India Limited, Sumitomo Corporation, Tata Steel Limited, ThyssenKrupp AG, United States Steel Corporation Voestalpine AG.
Key Questions Answered in the Report
Report Description
•How has the global electrical steel market performed so far and how will it perform in the coming years? •What has been the impact of COVID-19 on the global electrical steel market? •What are the key regional markets? •What is the breakup of the market based on the type? •What is the breakup of the market based on the application? •What is the breakup of the market based on the end use industry? •What are the various stages in the value chain of the industry? •What are the key driving factors and challenges in the industry? •What is the structure of the global electrical steel market and who are the key players? •What is the degree of competition in the industry?
Report Description 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends
Table of Contents
Report Description 5 Global Electrical Steel Market 5.1 5.2 5.3 5.4
Market Overview Market Performance Impact of COVID-19 Market Forecast
Table of Contents
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Report Description and Highlights
Report Description
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