Global Amorphous Steels Market is Projected to Reach 768 million USD by 2025

Amorphous steel is an alloy steel with advantageous magnetic properties necessary for use in distribution transformers, electric reactors, electric machines and middle and high frequency transformers. The iron- based amorphous steel is predominantly iron (Fe) (up to 82%), with boron (B) (8 percent to15 percent), and silicon (Si) (5 percent to 10 percent) (SA1 and HB1M). AR may also contain carbon (C) alloyed to allow for its amorphous structure. Up to 25% of the iron (Fe) may be replaced with cobalt (Co) to allow for higher induction, to be used in pulse power applications (2605CO alloy). This AR is normally imported in the form of a singleply coil up to 1000kg in weight, or in a multiple-ply format where 3 to 10 sheets are co-wound onto a single hub.

The Amorphous Steel industry was 427.12 Million USD in 2017 and is projected to reach 768.30 Million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 7.61% between 2017 and 2025.

The market for Amorphous Steel is concentrated with players such as Hitachi, Henan Zhongyue, Junhua Technology, Londerful New Material, Shenke, Foshan Huaxin, Advanced Technology & Materials, Zhaojing Incorporated Company, Qingdao Yunlu Advanced Material Technology, Foshan Catech, Orient Group and so on. Among them, Hitachi is the leader with about 61% revenue market share in 2017.

The market is driven by various end-user industries, Amorphous Steel can be used to replace silicon steel and ferrite as excellent materials to make transformer cores for high-frequency switch mode power supplies, current transformer cores, transformer cores for ground-fault-interrupters, cores for filters, storage inductors, and reactors, EMC common mode chokes, sensor cores, cores for saturable reactors, magnetic amplifiers, beads, and pulse compressors. Fe-based bulk metallic glass, the materials in the past decade have advanced slowly but not even close to leaving the laboratory.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Request Sample Copy of Report@ https://www.qyresearch.com/sample-form/form/660743/global-amorphous-steels-market

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Amorphous Steels Market Research Report 2017 report released by QYResearch provides a basic overview of the Amorphous Steels industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Amorphous Steels industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Request to Buy Full Report@ https://www.qyresearch.com/settlement/pre/970a24ff61e6e7bbe4406f83d6d8684f,0,1

About Us:
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.

Contact US
QY Research, INC.
17890 Castleton, Suite 218,
City of industry, CA - 91748
USA: +1 6262 952 442
China: +86 1082 945 717
Japan: +81 9038 009 273
India: +91 9766 478 224
Emails – enquiry@qyrsearch.com
Web – www.qyresearch.com
Expert News: https://www.qyresearch.com/expert/list

This release was published on openPR.