Global Electrical Steel Market 2026| Global Growing Industry- Shagang Group Inc., ArcelorMittal, Ansteel Group Corporation, Baosteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporati

Electrical steel is primarily used in high-power consumer appliances like air conditioners, high-power coolers and refrigerators. Presently, consumer appliance manufacturers are actively focusing on the usage of electrical steel which is environment-friendly as compared to regular steel. In order to study the market expanse for electrical steel at the global level, Market Research Reports Search Engine (MRRSE) has included a new report titled “Electrical Steel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, to its broad online database. This study talks about the market forecast based on revenue (US$ Mn) as well as volume (kilo tons) from 2018 to 2026, bearing in mind 2017 as the base year.

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As per research specifics, the global electrical steel market is expected to grow at a CAGR of 6.2% during 2018-2026. During this period, the concerned market is anticipated to showcase significant development across the Asia-Pacific region, with market revenue expected to hit US$ 11,328.6 Mn. The study starts with the executive summary and market overview section that discusses the major drivers and restraints likely to influence the global electrical steel market. Furthermore, the report also highlights prime opportunities across the electrical steel market both at the regional and global level. In the later part of the study, vital factors such as market attractiveness analysis is discoursed which highpoints products and application based on their market size, general attractiveness and growth rate.

Based on type, the global electrical steel market is split into grain oriented and non-grain oriented. Further, on the basis of application, the target market is bifurcated into inductor, transformer, motor and others. The prime end-users are also discussed in this report that includes household appliances, energy, automotive, manufacturing and others. Geographically, the primary market regions examined in the report are North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Currently, Asia Pacific is marked as the leading producer as well as consumer of electrical steel in terms of revenue and volume. The region has acquired this reputation due to rising levels of industrialization and urbanization in developing economies like India and China.

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Finally, the report discusses the profiles of major companies functioning in the global electrical steel market. Some of the key players from the electrical steel market include Shandong Iron and Steel Group Co Ltd, Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, JFE Steel Corporation, Shagang Group Inc., SAIL (Steel Authority of India Limited), AnSteel Group Corporation, ArcelorMittal, BaoSteel Group (Baowu Steel Group Corporation Limited), Voestalpine Group, POSCO, United States Steel Corporation, Tata Steel Limited, HBIS Group and Jindal Steel and Power Limited. Each of these market players are profiled based on their attributes like company overview, business strategies, financial overview and recent developments.

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