Press release
Electrical Steel Market Report, Size, Share, Insights - ArcelorMittal S.A, Baosteel Group Corporation, JFE Holdings Inc & Tata Steel.
Electrical Steel Market || 2024-2031
In recent years, there has been a growing emphasis on reducing iron loss in electrical devices to enhance efficiency and promote energy savings, which in turn helps lower CO2 emissions. Electrical steel, a specialized type of steel, is engineered to possess magnetic properties such as high permeability and a reduced hysteresis area. This results in lower core loss and minimal energy dissipation per cycle, making it an ideal material for improving the performance and sustainability of electrical equipment.
Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/electrical-steel-market
Market Trends:
The growing automotive industry.
The primary driver of the electrical steel market is the surging demand for electric vehicles in the automotive industry. Electrical steel is essential for traction motors in hybrid and electric vehicles, where it is used in high-frequency transformers and high-speed electric motors. This steel's efficiency in transmitting magnetic energy makes it crucial for motor cores, significantly affecting their performance.
Rising industrialization and increased use of motors across various sectors are further propelling the demand for electrical steel. In both industrial and residential applications, electrical steel is critical for generating stronger magnetic flux, which enhances torque and overall efficiency in electric motors. As the UN's sustainable development program emphasizes expanded industrial activity, vendors in the electrical steel market are anticipated to experience considerable revenue growth during the forecast period.
Market Segmentation:
By Type: Grain Oriented Electrical Steel, Non-Grain Oriented Electrical Steel.
By Application: Transformers, Motors & Generators, Inductors.
By End-User: Automotive Industry, Construction Industry, Manufacturing, Domestic Appliances, Energy.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/electrical-steel-market
Major Key Players:
• ArcelorMittal S.A.
• Baosteel Group Corporation
• Pohang Iron and Steel Company (POSCO)
• Nippon Steel & Sumimoto Metal
• JFE Holdings Inc.
• Jiangsu Shagang Group
• Tata Steel
• The United States Steel Corporation (US Steel)
• Angang Steel Co. Ltd.
• Gerdau
Regional Analysis:
The global Electrical Steel Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Electrical Steel Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Key Developments:
In April 2020, Shougang Qian'an Electric Vehicle Electrical Steel Co., Ltd. placed an order with Primetals Technologies for a new 6-stand Hyper Universal Crown Control mill. This advanced mill is designed for the production of high-grade electrical steels, which are crucial for enhancing the performance and efficiency of electrical components in electric vehicles and other applications.
Related Reports:
Automotive Stainless Steel Tube Market: https://datamintelligence.com/research-report/automotive-stainless-steel-tube-market
Stainless Steel Market: https://datamintelligence.com/research-report/stainless-steel-market
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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 Report, Size, Share, Insights - ArcelorMittal S.A, Baosteel Group Corporation, JFE Holdings Inc & Tata Steel. here
News-ID: 3648056 • Views: …
More Releases from DataM Intelligence 4market Research LLP
U.S. Vegan Cosmetics Market Set to Reach USD 18.9 Billion by 2030 Driven by Risi …
The vegan cosmetics market reached USD 11.7 billion in 2022 and is expected to reach USD 18.9 billion by 2030, growing with a CAGR of 6.2% from 2023 to 2030 as consumer demand for cruelty-free, plant-based, and ethically produced personal care products continues to rise globally.
Growth is supported by increasing demand across key product segments such as skincare, haircare, makeup, and body care formulations, driven by growing health and environmental…
Interventional Cardiology Devices Market to Reach USD 28.6 Billion by 2033 Amid …
The global Interventional Cardiology Devices Market continues to grow robustly, driven by escalating demand for minimally invasive cardiovascular interventions. The Global Interventional Cardiology Market reached US$ 14.47 billion in 2023 and is expected to reach US$ 28.67 billion by 2031, growing at a CAGR of 9.1% during the forecast period 2024-2031.
Interventional cardiology encompasses minimally invasive procedures using catheters and imaging techniques to diagnose and treat cardiovascular diseases, often offering safer…
Blue Light Therapy Market to Grow at 5% CAGR Through 2030 Driven by Rising Deman …
The Blue Light Therapy Market is expected to grow at a CAGR of 5% during the forecast period 2023-2030.
Growth is driven by increasing adoption of non-invasive dermatological treatments for conditions such as acne, psoriasis, eczema, and actinic keratosis. Rising awareness about aesthetic procedures and skin health, along with growing demand for at home light therapy devices, is supporting market expansion. Additionally, advancements in LED based medical technologies, portable therapy devices,…
Premium Beauty Tech Market 2026: LED Light Face Mask Growth Insights | Competiti …
LED Light Face Mask Market Size and Forecast
LED light face mask market is forecasted to grow at a CAGR of 12.01% during the forecast period.
DataM Intelligence has published a new research report on "LED Light Face Mask Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report…
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),…
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
