Press release
Electrical Steel Market Competitive Scenario, Key Drivers, Challenges, Industry Insights, Rapid Growth And Forecast 2031 | ThyssenKrupp AG, TISCO, Nippon Steel
Electrical Steel Market
The regions covered in the electrical steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The electrical steel market consists of sales of electrical steel by entities (organizations, sole traders, or partnerships) that refer to a ferromagnetic material made up of iron that contains varying amounts of silicon (Si) that range from 1% to 6.5%. Electrical steel is soft magnetic material with enhanced electrical properties that are widely used across applications such as small relays, solenoids, electric motors, generators, and many other electromagnetic devices.
Key competitors in the electrical steel market are ThyssenKrupp AG, TISCO, Nippon Steel, Posco, JFE Steel, Nicore Electrical Manufactory Co. Ltd., Voestalpine, ArcelorMittal, AK Steel (Cleveland-Cliffs), SAIL, Cogent Power Ltd., Tempel Steel Company.
The global electrical steel market size is expected to grow from $24.80 billion in 2021 to $26.28 billion in 2022 at a compound annual growth rate (CAGR) of 5.95%. The global electrical steel market size is expected to reach $33.12 billion in 2026 at a CAGR of 7.50%.
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TBRC's report segments the global electrical steel market:
1) By Type: Grain-Oriented, Non-Grain-Oriented
2) By Industry: Energy, Automotive, Household Appliances, Manufacturing
3) By Application: Large Power Transformers, Distribution Transformers, Small Transformers, Power Generators, Audio Transformers
Read Further On The Electrical Steel Market Here:
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The Table Of Contents Includes:
1. Executive Summary
2. Electrical Steel Market Characteristics
3. Electrical Steel Market Trends And Strategies
4. Impact Of COVID-19 On Electrical Steel
5. Electrical Steel Market Size And Growth
……
28. Key Mergers And Acquisitions In The Electrical Steel Market
29. Electrical Steel Market Future Outlook And Potential Analysis
30. Appendix
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