Press release
What's driving the Electrical Steel Market Size Key Players are: ArcelorMittal Europe, KOBE Steel, Cogent Power, Voestalpine and POSCO Poggenamp
Europe non-grain oriented electrical steel market from automotive applications should register gains at over 5.5% by 2024. Growing demand of commercial vehicles and technological advancements have increased the demand of fuel efficient and smart vehicles in the region. Non-grain oriented electrical steel is widely used in automotive & hybrid vehicles owing to their multidirectional magnetic properties. Rising economic development and increasing demand for high performance vehicles should boost the market growth.
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Grain oriented electrical steel market surpassed USD 5 billion in 2018 on account of huge demand of transformers & motors. Grain oriented electrical steel is widely used in manufacturing energy efficient transformers and forms a primary material in power and distribution transformers. These high performance steel products are used to improve the efficiency and reduce carbon emission from transformers and generators which is likely to increase the product demand.
North America grain oriented electrical steel market from energy applications should exceed USD 120 million by 2024. Rising urbanization, increase in disposable income and changing living standards have increased the demand of energy efficient household appliances. These specialty steel products are widely used in white goods such as refrigerators, air-conditioners and washing machines owing their strength and heat resistibility which is likely to boost the market growth in the region.
Rising demand for electricity in industrial & residential areas along with growing investments for infrastructure development will drive the electrical steel market growth. The product is widely used in transformers and motors owing to their high magnetic efficiency. They enhance the performance of materials by reducing hysteresis loss and play a crucial role in the generation, transmission and distribution of electric power. Rise in per capita income and increasing government regulations for the use of transformers that prevent energy loss will stimulate the product demand.
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Major industry participants in the market include ArcelorMittal Europe, KOBE Steel, Cogent Power, Voestalpine and POSCO Poggenamp. Prominent manufacturers are engaged in production capacity expansion to satisfy rising consumer needs and R&D activities to recognize improved products which should drive electrical steel market growth.
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Electrical steel industry 360 degree synopsis, 2019 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Electrical Steel Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014-2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/partnerships
3.3.2.2 Distributors
3.3.2.3 Technology providers
3.4 Technology landscape
3.5 Pricing analysis
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 North America: Growing demand from energy generation & transmission industries
3.7.1.2 Europe: Increasing usage of electrical vehicles
3.7.1.3 Asia Pacific: Rise in end-use applications
3.7.2 Industry pitfalls & challenges
3.7.2.1 Threat of substitute
3.8 Innovation & sustainability
3.9 Growth potential analysis, 2018
3.9.1 Emerging business model
3.10 Porter's analysis
3.11 Competitive landscape, 2018
3.11.1 Strategy dashboard
3.12 PESTEL analysis
Chapter 4 Electrical Steel Market, By Product
4.1 Key product trends
4.2 Grain-oriented electrical steel
4.2.1 Global grain-oriented electrical steel market, 2014 - 2025
4.2.2 Global grain-oriented electrical steel market, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3 Global grain-oriented electrical steel market, by application, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.1 Large power transformers
4.2.3.1.1 Global grain-oriented electrical steel market from large power transformers, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.1.2 Global optical electrical steel market from large power transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.2 Distribution transformers
4.2.3.2.1 Global grain-oriented electrical steel market from distribution transformers, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.2.2 Global grain-oriented electrical steel market from distribution transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.3 Small transformers
4.2.3.3.1 Global grain-oriented electrical steel market from small transformers, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.3.2 Global grain-oriented electrical steel market from small transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.4 Motors
4.2.3.4.1 Global grain-oriented electrical steel market from motors, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.4.2 Global grain-oriented electrical steel market from motors, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.5 Power generators
4.2.3.5.1 Global grain-oriented electrical steel market from power generators, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.5.2 Global grain-oriented electrical steel market from power generators, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.6 Audio transformers
4.2.3.6.1 Global grain-oriented electrical steel market from audio transformers, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.6.2 Global grain-oriented electrical steel market from audio transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.7 Others
4.2.3.7.1 Global grain-oriented electrical steel market from others, 2014 - 2025, (Million Tons) (USD Million)
4.2.3.7.2 Global grain-oriented electrical steel market from others, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.4 Global grain-oriented electrical steel market, by end-use, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.1 Energy
4.2.4.1.1 Global grain-oriented electrical steel market from energy, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.1.2 Global optical electrical steel market from energy, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.2 Automotive
4.2.4.2.1 Global grain-oriented electrical steel market from automotive, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.2.2 Global optical electrical steel market from automotive, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.3 Manufacturing
4.2.4.3.1 Global grain-oriented electrical steel market from manufacturing, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.3.2 Global optical electrical steel market from manufacturing, by region, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.4 Household appliances
4.2.4.4.1 Global grain-oriented electrical steel market from household appliances, 2014 - 2025, (Million Tons) (USD Million)
4.2.4.4.2 Global optical electrical steel market from household appliances, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3 Non grain-oriented electrical steel
4.3.1 Global non grain-oriented electrical steel market, 2014 - 2025
4.3.2 Global non grain-oriented electrical steel market, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.3 Global non grain-oriented electrical steel market, by product, 2014 - 2025, (Million Tons) (USD Million)
4.3.3.1 Fully processed
4.3.3.1.1 Global fully processed non grain-oriented electrical steel market, 2014 - 2025, (Million Tons) (USD Million)
4.3.3.1.2 Global fully processed non grain-oriented electrical steel market, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.3.2 Semi-processed
4.3.3.2.1 Global semi-processed non grain-oriented electrical steel market, 2014 - 2025, (Million Tons) (USD Million)
4.3.3.2.2 Global semi-processed non grain-oriented electrical steel market, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4 Global non grain-oriented electrical steel market, by application, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.1 Small transformers
4.3.4.1.1 Global non grain-oriented electrical steel market from small transformers, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.1.2 Global non grain-oriented electrical steel market from small transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.2 Motors
4.3.4.2.1 Global non grain-oriented electrical steel market from motors, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.2.2 Global non grain-oriented electrical steel market from motors, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.3 Power generators
4.3.4.3.1 Global non grain-oriented electrical steel market from power generators, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.3.2 Global non grain-oriented electrical steel market from power generators, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.4 Ballasts
4.3.4.4.1 Global non grain-oriented electrical steel market from ballasts, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.4.2 Global non grain-oriented electrical steel market from ballasts, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.5 Rotating machines
4.3.4.5.1 Global non grain-oriented electrical steel market from rotating machines, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.5.2 Global non grain-oriented electrical steel market from rotating machines, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.6 Audio transformers
4.3.4.6.1 Global non grain-oriented electrical steel market from audio transformers, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.6.2 Global non grain-oriented electrical steel market from audio transformers, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.7 Others
4.3.4.7.1 Global non grain-oriented electrical steel market from others, 2014 - 2025, (Million Tons) (USD Million)
4.3.4.7.2 Global non grain-oriented electrical steel market from others, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.5 Global non grain-oriented electrical steel market, by end-use, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.1 Energy
4.3.5.1.1 Global non grain-oriented electrical steel market from energy, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.1.2 Global non grain-oriented electrical steel market from energy, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.2 Automotive
4.3.5.2.1 Global non grain-oriented electrical steel market from automotive, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.2.2 Global non grain-oriented electrical steel market from automotive, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.3 Manufacturing
4.3.5.3.1 Global non grain-oriented electrical steel market from manufacturing, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.3.2 Global non grain-oriented electrical steel market from manufacturing, by region, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.4 Household appliances
4.3.5.4.1 Global non grain-oriented electrical steel market from household appliances, 2014 - 2025, (Million Tons) (USD Million)
4.3.5.4.2 Global non grain-oriented electrical steel market from household appliances, by region, 2014 - 2025, (Million Tons) (USD Million)
Complete report titled at https://www.marketstudyreport.com/reports/electrical-steel-market
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