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Global Electrical Steel Market to see substantial expansion during the period 2021-2026
Global Electrical Steel Market
Washington, DC, USA, Market Trends : Source: Straits Research – Global Electrical Steel Market Review 2021 Forecast to 2029 – Analysis by Type, Application, End-User, Industry Vertical, and Region’ into its vast depository of research reports. Our enterprise professionals and panel of number one contributors have helped in compiling suitable components with sensible parametric checks for a complete study.
Electrical steel, also known as laminate or silicon steel, is an iron alloy molded to produce specific magnetic properties. Electrical steel is majorly used in the manufacture of cores for power transformers, generators, and inductors, among others, owing to its high permeability, which fortifies low core loss in electrical components.
The global electrical steel market was valued at USD 20.45 billion in 2018 and is expected to reach a value of USD 34.63 billion at a CAGR of 5.8% during the forecast period, 2019–2026.
Top Industry Players Overview: Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Baosteel (China), China Baowu Steel Group Corporation Limited, Ansteel Group Corporation Limited, United States Steel Corporation (U.S.), ArcelorMittal (Luxembourg), Tata Steel Limited (India), SAIL (Steel Authority of India Limited)(India), Voestalpine Group (Austria), Baosteel Group (Baowu Steel Group Corporation Limited), Jindal Steel and Power Limited (India), JFE Steel Corporation (India) and Essar Steel (India).
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The report offers an in-intensity evaluation on a number of the Electrical Steel Market key elements, comprising revenue, cost, capability, potential usage rate, manufacturing, manufacturing rate, consumption, supply/demand, gross, market share, CAGR, and gross margin. Additionally, the file offers a complete look at of the Industry boom elements and their trendy trends, at the side of applicable market segments and sub-segments.
By Type, Grain Oriented, Non-Grain Oriented, Others
By Application, Inductors, Transformers, Motors, Rotors, Stators, Others
By End-Use Industry, Household Appliances, Manufacturing, Energy, Automotive, Others
Electrical Steel Country Level Analysis:
Most of the countries are estimated to emerge as a fastest growing region and hold the largest market share in the global industrial Electrical Steel market
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Reasons to Buy this Report:
In-depth information with regards to the key factors influencing the growth of the Global Electrical Steel Market (including drivers, restraints, threats, and opportunities) has been provided in this report.
It examines the micro markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
The report studies the opportunities in the market for different stakeholders and investors by determining the high-end growth segments and sub-segments.
The study accurately profiles key vendors and players functioning in the market, in terms of their ranking and core competencies, together with determining the competitive landscape.
It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Electrical Steel Market.
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