Electrical Steel Market size worth over $27.6 Billion by 2024
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively.
Scope of the Report:
The classification of electrical steel includes Non-oriented Electrical Steels, Oriented Electrical Steels, and the proportion of Non-oriented Electrical Steels, in 2016 is about 81%, and the proportion is in decreasing trend from 2012 to 2017.
Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
The worldwide market for Electrical Steels is expected to grow at a CAGR of roughly 2.5% over the next five years, will reach 27600 million US$ in 2024, from 23900 million US$ in 2019, according to a new Planet Market Reports study.
This report focuses on the Electrical Steels in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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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
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia etc.
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Oriented Electrical Steels
Non-oriented Electrical Steels
Transformer
Power Generator
Electric Motor
Other
The content of the study subjects includes a total of 15 chapters:
Chapter 1, to describe Electrical Steels product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Electrical Steels, with price, sales, revenue and global market share of Electrical Steels in 2017 and 2018.
Chapter 3, the Electrical Steels competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electrical Steels breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Electrical Steels market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Electrical Steels sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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