Amorphous Steels Market Report: Growth Insights | Valuates Reports

Amorphous Steels Market Report

The global Amorphous Steels revenue was US$ 570.2 million in 2022 and is forecast to a readjusted size of US$ 884.8 million by 2029 with a CAGR of 6.4% during the forecast period (2023-2029).

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The market for Amorphous Steel is concentrated with players such as Hitachi, Henan Zhongyue, Junhua Technology, Londerful New Material, Shenke, Foshan Huaxin, Advanced Technology & Materials, Zhaojing Incorporated Company, Qingdao Yunlu and Advanced Material Technology, etc. Among them, Hitachi is the leader with about 61% revenue market share.

This report focuses on global and India Amorphous Steels market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Amorphous Steels will continue to grow rapidly in the future.

Global Amorphous Steels Scope and Market Size

Amorphous Steels market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Amorphous Steels market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

By Type
• Amorphous Ribbon
• Nano-Crystalline Ribbon

By Application
• Distribution Transformer
• Electric Machinery
• Electronic Components

Key Companies
Hitachi Metal, Advanced Technology, Qingdao Yunlu, Henan Zhongyue, China Amorphous Technology, Zhaojing Incorporated, Junhua Technology, Londerful New Material, Shenke, Orient Group, Foshan Huaxin

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This release was published on openPR.