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Electrical Steel Market Size, Business Revenue And Leading Competitors - ThyssenKrupp AG, TISCO, Nippon Steel, Posco
Electrical Steel Market
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The global electrical steel market report by the business research company identifies the increasing demand for electric and hybrid vehicles is significantly to be a major growth driver for the electrical steel market. Electrical steel has high flux density and low iron loss properties, and is thus used in electric motors to realise high motor efficiency. For instance, in countries like China, the US, and Europe, the sales of electric cars increased by nearly 160% in the first half of 2021 over 2020 in the same period.
The global electrical steel market 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 electric steel market is expected to reach $33.12 billion in 2026 at a CAGR of 7.50%.
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The regions covered in the electrical steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players 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 is segmented -
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
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The Electrical Steel Market Report Contents Include
1. Executive Summary
2. Electrical Steel Market Characteristics
3. Electrical Steel Market Trends And Strategies
4. Electrical Steel Market - Macro Economic Scenario
5. Electrical Steel Market Size And Growth
....
27. Electrical Steel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrical Steel Market
29. Electrical Steel Market Future Outlook And Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the electrical steel market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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