Electrical Steel Market Revenue, Business Opportunities and Forecast Worldwide by Key Manufacturers- ArcelorMittal, POSCO, Voestalpine AG, Baosteel, JFE Steel Corporation

The Electrical Steel Market research report offers data regarding new recent developments, import/export analysis, value chain optimization, and trade regulations. In addition, other data like market size, strategic market share, localized market players, analyses of opportunities in the emerging revenue pockets, strategic market growth, product launches, geographical expansions, and technological innovations are also encompassed in the report.

The research study covers qualitative and quantitative data, including operational applications, automation products, and related services. Moreover, the Electrical Steel research report depends upon our extensive database built over the past 30 years of research; it includes data for over 100 product categories segmented in over 20 vertical markets. The Electrical Steel research report delivers top-notch information about suppliers, clients, market trends, and strategies of the Electrical Steel market.

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The global electrical steel market size is estimated at USD 33.8 billion in 2021 and is projected to reach USD 45.8 billion by 2026, at a CAGR of 6.3%. Electrical Steel Market by Type (non-grain-oriented and grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automotive, Manufacturing, Household Appliances) and Region - Global Forecasts to 2026.

The report provides a comprehensive analysis of company profiles listed below:
• ArcelorMittal (Luxembourg)
• POSCO (South Korea)
• Voestalpine AG (Austria)
• Baosteel (China)
• Nippon Steel & Sumitomo Metal Corporation (Japan)
• United States Steel Corporation (United States)
• SAIL (India)
• TATA Steel Limited (India)
• Thyssenkrupp AG (Germany)
• JFE Steel Corporation (Japan)

"In terms of both value and volume, non-grain-oriented segment to be the fastest-growing segment by 2026."
The non-grain-oriented segment is projected to grow at the highest CAGR from 2021 to 2026.The use of non-grain-oriented steel reduces magnetic losses by increasing the concentration of silicon and aluminum in electrical steel sheets. An increase in the production of automobiles, where electrical steel is used as a core material in motor parts to improve the comfort, power performance, and fuel economy of automobiles, is expected to increase the demand for non-grain-oriented electrical steel products.

"In terms of both value and volume, manufacturing is projected to be the fastest-growing segment from 2021 to 2026, for electrical steel."
Manufacturing is projected to be the fastest-growing segment in the electrical steel market. The demand for electrical steel is mainly attributed since the growth of economies across the globe, which is directly linked to the growth of the manufacturing sector. In addition, the growing industrialization in developed & developing economies is also expected to further drive the market for electrical steel.

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"In terms of both value and volume, transformers are projected to be the fastest-growing segment from 2021 to 2026, for electrical steel."
Transformers are projected to be the fastest-growing segment in the electrical steel market. The growth of this segment is mainly attributed to the high demand for electrical steel as it is used in power generation, transmission, and distribution industries. Electrical steel is used in electrical transformer cores and other electrical devices owing to the low hysteresis loss, high permeability, and high resistance it offers.

"In terms of both value and volume, the APAC electrical steel market is projected to grow at the highest CAGR during the forecast period."
In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2026.Emerging economies in APAC are expected to experience significant demand for electrical steel as a result of rapid economic development and urbanization. The growth of the electrical steel market in this region is attributed by the flourishing automotive and energy industry.

Competitive Landscape of Electrical Steel Market:
1 Overview
2 Key Player Strategies/Right To Win
3 Market Ranking
3.1 Arcelormittal
3.2 Posco
3.3 Voestalpine Ag
3.4 Baosteel
3.5 Nippon Steel & Sumitomo Metal Corporation
4 Revenue Analysis Of Top Market Players
5 Market Share Analysis
6 Company Evaluation Quadrant
6.1 Star
6.2 Pervasive
6.3 Emerging Leaders
6.4 Participants
7 Competitive Benchmarking
7.1 Strength Of Product Portfolio
7.2 Business Strategy Excellence
8 Competitive Leadership Mapping Of Smes (Small And Medium-Sized Enterprises)
8.1 Progressive Companies
8.2 Responsive Companies
8.3 Starting Blocks
8.4 Dynamic Companies
9 Competitive Scenario And Trends
9.1 Deals
9.2 Others

Research Coverage:
The market study covers the electrical steel market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, end use industry, application and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the electrical steel market.

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