Press release
Electrical Steel Market Research Report 2025 |Voestalpine, Cogent Power Ltd., Aperam, Big River Steel LLC, ArcelorMittal Europe
Electrical Steel Market
According to a new research report by Global Market Insights, Inc. Electrical Steel Market size is set to surpass USD 22.5 billion by 2025. Expansion of power distribution networks, increasing energy demand and rising preference for higher speed and horsepower to enable racecars to perform efficiently will further stimulate electrical steel market size in the future. Increase in the per capita income and surging government regulations for the transformer used for the prevention of energy loss will drive the product demand.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3136
Described below are some major trends fostering electrical steel market share:
Increase in the demand for distribution transformers
Grain-oriented electrical steel is extensively used to manufacture energy-efficient transformers. It also forms the chief material used in power and distribution transformers. These high performing steel products are used in the improvement of efficiency and reduction of carbon emissions, which is likely to propel electrical steel consumption.
Grain-oriented electrical steel market share had accounted for a total revenue of over USD 5 billion in the year 2018 owing to a massive demand for transformers & motors. These products provide durability, efficiency, and reliability needed in industrial and commercial applications.
The transformers can be used outdoor and indoor due to their portable size. Rise in the regulations imposed by the government in association with emissions as well as investments in R&D activities by manufacturers will foster electrical steel market outlook.
Rising technological advancements in the automotive sector
Increasing demand for commercial vehicles along with technological advancements in the automotive industry has boosted the manufacturing for smart and fuel-efficient vehicles. Non-grain oriented electrical steel is extensively utilized in hybrid & automotive vehicles due to their multidirectional magnetic features.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/electrical-steel-market
Their anti-corroding properties coupled with strict government regulations for the reduction of VOC emissions will encourage the automotive players to adopt electrical steel. U.K. non-grain oriented electrical steel industry share from automotive applications accounted for USD 18.25 million in the year 2018.
With an increasing demand for e-vehicles and the government support, the Europe non-grain oriented electrical steel market size from the automotive segment was anticipated to record a growth of more than 5.5% by 2024.
Expanding consumption of electronics in North America
Change in lifestyles along with the rapid urbanization and increasing disposable income has spurred the demand for household appliances that are more energy efficient.
North America grain-oriented electrical steel market share from the energy applications is expected to surpass USD 120 million by the year 2024.
The steel products are extensively used in white goods like air-conditioners, washing machines and refrigerators due to their heat resistibility and strength, which will boost durability and quality of products and fuel the consumption of consumer electronics.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3136
Surging demand for household appliances in China
Rise in the living standards and per capita income of the customers in Asia Pacific have driven the need for high power distribution network in countries like China. Surge in the demand from various end-user industries as well as rising consumer electronics sales will accelerate electrical steel market forecast.
Owing to new innovations in the production of household appliances such as washing machines and refrigerators, China grain-oriented electrical steel market size from the household appliances segment is projected to garner a staggering revenue of more than USD 95 million by the year 2025.
Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.a
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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 Electrical Steel Market Research Report 2025 |Voestalpine, Cogent Power Ltd., Aperam, Big River Steel LLC, ArcelorMittal Europe here
News-ID: 1838374 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Electrical
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
Electrical Services Market Is Dazzling Worldwide | Texas Electrical Services, CI …
HTF MI introduce new research on Global Electrical Services covering micro level of analysis by competitors and key business segments (2021E-2026F). The Global Electrical Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing. Some of the MajorKey players profiled in the…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
Electrical Services Market SWOT Analysis by Key Players: Alliance Electrical Ser …
In its recently published report, QY Research has provided unique insights about global Electrical Services market for the given period. One of the main objectives of this report is to categorize the various dynamics of the market and to offer latest updates such as mergers and acquisitions, various technological developments, new entrants in the market, which make an impact on different segments of the global Electrical Services market.
The scope…
Electrical Services: Market 2018 Segmented by Manufacturers (Alliance Electrical …
An exclusive Electrical Services market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Electrical Services Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report…
