Press release
Global Electrical Steel Market to Reach nearly 24 Million Tons by 2026 at a CAGR of above 6% from 2018 to 2026 : Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc.
Press Release – 05 Feb 2019Research and Development News --
. .
Latest Update "Electrical Steel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" with Industries Survey | Global Current Growth and Future.
' '
“Electrical Steel Market - Overview”
Electrical steel is used in high-power consumer appliances such as air conditioners, refrigerators, and high-power coolers. Consumer appliance manufacturers are focusing on using electrical steel that is environment-friendly (less heat losses) instead of regular steel. This helps them save around 15% to 30% of energy. Electronic components made from electrical steel that are used in consumer appliances include compressor motors and relays. These appliances are installed in cabins, confined spaces, or rooms; therefore, they are ideally required to be compact owing to space constraints. Hence, electrical steel used in compressor motors, relays, switches, etc. enables consumer appliance manufacturers to lower product size and also offer products with reduced noise output vis-à-vis those appliances that are manufactured with components made from regular steel.
. .
– Get Sample Report_ https://www.researchmoz.us/enquiry.php?type=S&repid=1865039
' '
Recently, amendments were carried out in trade policies of the global electrical steel market. These amendments were at regional and global level and were implemented for the ease of trade between nations and for their own regional business prospects. Amendments included setting up a minimum price for the import of particular grade of electrical steel from particular regions/countries. The anti-dumping duties were modified in order to avoid the oversupply of electrical steel in some markets.
There were changes in legislatures such as advancements of free trade agreements (FTA) and negotiations with transpacific partnerships. Furthermore, the European Union decided to set a minimum price for the import of a particular-grade electrical steel from Japan, China, South Korea, Russia, and the U.S. Government initiatives as well as liberalization of policies are expected to offer lucrative opportunities to electrical steel companies. According to Canacero, a steel association, steel exports are falling in Mexico. Exports dropped 25% in January-July 2015. Some economic risks identified by Mizuno (Malaysia’s Steel Association) can affect the global electrical steel market. They include high unemployment in developed markets, slowdown in developed markets and China, and financial issues in Europe.
This report analyzes and forecasts the electrical steel market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (kilo tons) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global electrical steel market. It also covers impact of these drivers and restraints on demand for electrical steel during the forecast period. The report also highlights opportunities in the electrical steel market at the global and regional level.
. .
– For Other Requirement and Enquiry_ https://www.researchmoz.us/enquiry.php?type=E&repid=1865039
' '
The report includes detailed value chain analysis, which provides a comprehensive view of the global electrical steel market. Porter’s Five Forces model for the electrical steel market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein products and application are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global electrical steel market by segmenting it in terms of type, application, end-user industry, and region. In terms of type, the electrical steel market has been classified into grain oriented and non-grain oriented. Based on application, the electrical steel market can be divided into transformer, inductor, motor (rotor, stator, and others), and others. In terms of end-user industry, the global electrical steel market can be segregated into automotive, manufacturing, energy, household appliances, and others. Regional segmentation includes current and forecast demand for electrical steel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual size of the electrical steel market for 2017 and estimated size for 2018 with forecast for the next eight years. The global electrical steel market has been provided in terms of revenue. Market numbers have been estimated based on type, transport, application, and end-user industry of the electrical steel market. Market revenue and volume size have been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global electrical steel market. Key players operating in the electrical steel market include Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, Shandong Iron and Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc., ArcelorMittal, AnSteel Group Corporation, BaoSteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporation, Jindal Steel and Power Limited, and HBIS Group. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global electrical steel market has been segmented as follows:
- Electrical Steel Market, by Type
Grain Oriented
Non-grain Oriented
- Electrical Steel Market, by Application
Transformer
Inductor
Motor
- - Rotor
- - Stator
- - Others
Others
- Electrical Steel Market, by End-user Industry
Automotive
Manufacturing
Energy
Household Appliances
Others
Electrical Steel Market, by Region
- North America
U.S.
Canada
- Europe
Germany
U.K.
France
Spain
Italy
Russia & CIS
Rest of Europe
- Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
- Latin America
Brazil
Mexico
Rest of Latin America
- Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa
“Key Takeaways”
- Currently, Asia Pacific is a leading consumer as well as producer of electrical steel in terms of revenue and volume. This is ascribed primarily to the rise in urbanization and industrialization in developing economies such as China and India. The surplus of steel is significantly high due to overcapacity. This has led to closure of various steel mills in China. This is expected to impact the global supply as well as demand for electrical steel and counterparts.
- The prices of steel plates, rebars, cold-rolled coils, and hot rolled coils have been rising across the globe. This trend is likely to continue in the near future.
Continue.....
– More Clear Details get Full Table of Contents_https://www.researchmoz.us/electrical-steel-market-global-industry-analysis-size-share-growth-trends-and-forecast-2018-2026-report.html/toc
About Researchmoz,
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Researchmoz Global Pvt. Ltd.
90 State Street,
Albany, NY 12207,
United States,
www.researchmoz.us
Tel: 866-997-4948 (Us-Canada Toll Free),
Tel: +1-518-621-2074
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Electrical Steel Market to Reach nearly 24 Million Tons by 2026 at a CAGR of above 6% from 2018 to 2026 : Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc. here
News-ID: 1559305 • Views: …
More Releases from Press-Release

GLOBAL AUTOMATED TELLER MACHINE MARKET 2019-2025 | Competitive Major Vendors - N …
Latest Update "GLOBAL AUTOMATED TELLER MACHINE MARKET 2019-2025 | Competitive Major Vendors - NCR, Diebold, Wincor Nixdorf International, GRG Banking Equipment" with Edition 2019 Survey of Related Topic (Industries / Pharmaceutical / Retail / Equipments / Energy / ICT) : Global Current Growth and Future.
' '
An automated teller machine, or an ATM, is a cash vending machine that is operated by financial institutions and allows customers to perform financial transactions…

GLOBAL AUTOMATED STEERING WHEEL MARKET 2019-2025 | Competitive Major Vendors - A …
Latest Update "GLOBAL AUTOMATED STEERING WHEEL MARKET 2019-2025 | Competitive Major Vendors - Autoliv, JTEKT, Nexteer Automotive, ZF Friedrichshafen" with Edition 2019 Survey of Related Topic (Industries / Pharmaceutical / Retail / Equipments / Energy / ICT) : Global Current Growth and Future.
' '
Automated steering wheel (also called a driving wheel or a hand wheel) is a type of steering control in vehicles and vessels (ships and boats). The steering…

GLOBAL AUTOMATED MINE SCANNING MACHINES MARKET 2019-2025 | Competitive Major Ven …
Latest Update "GLOBAL AUTOMATED MINE SCANNING MACHINES MARKET 2019-2025 | Competitive Major Vendors - 3D-Laser Mapping, Airware, Clearpath Robotics, Clickmox" with Edition 2019 Survey of Related Topic (Industries / Pharmaceutical / Retail / Equipments / Energy / ICT) : Global Current Growth and Future.
' '
Automated mine scanning machines are equipped with a vision system and advanced sensor fusion technology. This advancement in technology makes the machines efficient to be incorporated…

GLOBAL BATCH CODING MACHINES MARKET 2019-2025 | Competitive Major Vendors - Vide …
Latest Update "GLOBAL BATCH CODING MACHINES MARKET 2019-2025 | Competitive Major Vendors - Videojet, Markem-Imaje, Weber Marking, Zanasi, Squid Ink Manufacturing" with Edition 2019 Survey of Related Topic (Industries / Pharmaceutical / Retail / Equipments / Energy / ICT) : Global Current Growth and Future.
' '
Batch coding machines are used in pharmaceutical & other packaging industries
The global Batch Coding Machines market is valued at xx million US$ in 2018…
More Releases for Steel
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel market Share? Gerdau S.A, ArcelorMittal, Tat …
This Global Structural Steel market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
According to this study, over the next five years the Structural Steel market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 79700 million by 2024, from…