Electrical Steel Market (Electrical Steel Market, By Product: Grain-Oriented Electrical Steel [By application {Large power transformers, Distribution transformers, Small transformers, Power Generators, Audio transformers, Others}], By end-use [Energy, Automotive, Manufacturing, Household Appliances], Non-Grain Oriented Electrical Steel [By product {Semi-processed, Fully processed} By application {Power generators, Motors, Ballasts,Rotating machines, Small transformers, Audio transformers, Others} By end-use {Energy, Automotive, Manufacturing, Household Appliances}]) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

Electrical steel is a speciality steel which is produced by customizing the magnetic properties of usual steel in order to offer high permeability for ensuring low core loss in electrical components. It is used in the production of various devices such as core of generators, power transformers, inductors, among others. As silicon is added to electrical steel, it is also called as laminate steel. It is mostly used for lamination methods in the cores of electrical components. Electrical steel is generally produced in cold rolled strips. The report provides analysis of global electrical steel market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global electrical steel market is expected to grow at significant CAGR around 7.2% throughout the forecast period and reach around US$ 23 billion by 2026.

Market Dynamics

Rising investment in infrastructure development, increasing usage of electrical steel in power industry, escalating demand in high speed cars, improved per capita electricity consumption, growing urbanization and technological advancements are some of the key factors that are fueling the electrical steel market growth across the globe. Developed and developing economies are rapidly shifting in the direction of sustainable and efficient energy systems. The electric or hybrid vehicle industry is also growing increasingly. This industry needs high grade electrical steel for a variety of applications. Increase in the manufacturing of electrical steel is projected to be mainly driven by development of the various application segments. Governments of various economies have implemented various regulations for the usage of transformers in order to reduce the loss of energy and emissions of carbon dioxide. Furthermore, the demand for transformers is anticipated to increase due to the rapid growth in the global power industry, thereby fueling the market growth. Due to the ability of transmission of power over long distances with minimum energy losses and high power efficiency, the demand for grain-oriented electrical steel is rapidly increasing. Moreover, electrical steel enhances efficiency and minimizes the losses in many applications. Increasing investment in infrastructure development is also driving the growth of the global market. Due to the ability to improve efficiency, reduce energy loss, reduce carbon emissions electrical steel products are generally used in power industry, transformers and high speed cars. Also, the continuous technological advancements and development of power infrastructure are helping the growth of the global electrical steel market.

Market Segmentation

Electrical Steel Market, By Product:

  • Grain-Oriented Electrical Steel
    • By application
      • Large power transformers
      • Distribution transformers
      • Small transformers
      • Power Generators
      • Audio transformers
      • Others
    • By end-use
      • Energy
      • Automotive
      • Manufacturing
      • Household Appliances
  • Non-Grain Oriented Electrical Steel
    • By product
      • Semi-processed
      • Fully processed
    • By application
      • Power generators
      • Motors
      • Ballasts
      • Rotating machines
      • Small transformers
      • Audio transformers
      • Others
    • By end-use
      • Energy
      • Automotive
      • Manufacturing
      • Household Appliances

 Global Electrical Steel Market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

The market research study on “Electrical Steel Market (Electrical Steel Market, By Product: Grain-Oriented Electrical Steel [By application {Large power transformers, Distribution transformers, Small transformers, Power Generators, Audio transformers, Others}], By end-use [Energy, Automotive, Manufacturing, Household Appliances], Non-Grain Oriented Electrical Steel [By product {Semi-processed, Fully processed} By application {Power generators, Motors, Ballasts,Rotating machines, Small transformers, Audio transformers, Others} By end-use {Energy, Automotive, Manufacturing, Household Appliances}]) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers detailed insights on global electrical steel market segments with market dynamics and their impact. The report provides insights on global electrical steel market by product, end-use and major geographic regions. The report also covers basic technology development policies.

Market Participants

The global electrical steel market is characterized by the presence of experienced and established players. Some of the key players include Shandong Iron and Steel Group Co Ltd, SAIL, ArcelorMittal, Tata Steel Limited, Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, United States Steel Corporation, Baosteel Group, Shagang Group Inc., JFE Steel Corporation, Ansteel Group Corporation, Jindal Steel and Power Limited, HBIS Group and Voestalpine Group.


FAQ

Chemical Tanker Shipping Market (By Types: Inland Chemical Tankers (1,000-4,999 DWT), Coastal Chemical Tankers (5,000-9,999 DWT), Deep-Sea Chemical Tankers (10,000-50,000 DWT); By Application: Organic Chemicals, Inorganic Chemical, Vegetables Oils & Fats, Others (Additives, Lube Oils, and Molasses)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global chemical tanker shipping market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 250,562.6 Mn by 2026. Chemical tanker shipping refers to the constructed ships for carrying liquid chemicals in bulk. These chemical tankers are required to fulfill safety aspects because many chemicals are flammable and toxic. Additionally, these tankers are required mandatory comp

Specialty Chemicals Market (By Type: Specialty Oilfield Chemicals, Pesticides, Construction Chemicals, Specialty Polymer, Food Additives, Others; By FunctionL: Biocides, Surfactants, Antioxidants, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global specialty chemicals market is expected to reach value of around US$ 301 Bn by 2026 and is anticipated to grow at a CAGR of around 4.8% in terms of revenue during the forecast period 2019 to 2026. Specialty chemicals are special type of chemicals which are produce as per the requirement of diverse industry sectors such as cosmetic, food, textile, construction chemical etc. A complex, interlinked indu

Nitrile Butadiene Rubber (NBR) Latex Market (By Product: Medical Grade, Industrial Grade; By End-User: Medical, Industrial) –Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global nitrile butadiene rubber (NBR) latex market value is expected to reach around US$ 2860.1 Mn by 2026, growing at a CAGR of 15.4% over the forecast period 2019 to 2026. Nitrile butadiene rubber (NBR) latex is a type of synthetic latex in liquid form with milky color. It’s a part of unsaturated acrylonitrile and butadiene copolymers family. NBR latex properties include excellent tensile strength

Peptide Synthesis Market By Product (Reagents & Consumables, Equipment, Others), By Technology (Solid Phase, Liquid Phase, Hybrid Phase), By End-User (Therapeutics, Diagnosis, Research) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026

The global peptide synthesis market is expected to grow at significant CAGR of 6.6% over the forecast period 2019 to 2026 and reach around more than USD 400 million by 2026. Peptides are organic molecules of a peptide (amide) bound amino acids. Peptide synthesis is the mechanism by which a carboxylic acid from one amino acid is compressed into the amino group of another, forming sh

Recycled Glass Market By Sources (Deposit, Buy Back/Drop-Off, Curbside), By Product (Cullet, Crushed Glass, Glass Powder), By Application (Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl

Electric Vehicle Polymers Market By Type (Engineering Plastics, Elastomers, Others), By Component (Powertrain System, Exterior, Interior, Others), By Application (Passenger Electric Vehicles, Commercial Electric Vehicles) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019-2026

The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne

Cart Summary