openPR Logo
Press release

Electrical Steel Market to Surge at a Robust Pace in Terms of Revenue at 7.3% CAGR Over 2016-2026

09-15-2017 09:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Electrical Steel Market to Surge at a Robust Pace in Terms

The global electrical steel market is projected to witness healthy growth in 2016. Asia Pacific excluding Japan is estimated to grow at the highest pace, accounting for a substantial share in the global market revenues.

Extensive use of electrical steel (silicon steel or laminate steel) in the core manufacturing of motors, transformers, and inductors is expected to primarily drive the demand for electrical steel in 2016. In addition, the aerospace industry is estimated to fuel sizeable demand for electrical steel in the global market. Electrical steel is also estimated to witness significant demand, attributed to superior electric and magnetic properties compared to its industrial counterparts. Increasing applications of electrical steel in manufacturing of supercars and consumer appliances are expected to accelerate the global market growth throughout 2016.

View and Download TOC of Electrical Steel Market Research Report@ https://www.futuremarketinsights.com/reports/electrical-steel-market/toc

On the basis of product type, the global electrical steel market has two key segments. Driven by applications in motors, the non-grain oriented electrical steel segment is estimated to remain the largest segment, accounting for the highest market revenues of around US$ 13.3 Bn in 2016. However, this segment is expected to witness decline by 2016 end, and further.

The grain oriented electrical steel segment is expected to thrive dramatically at the fastest CAGR of 7.5% in terms of value in 2016, owing to increasing demand for grain oriented electrical steel from energy and power generation industries.

The electrical steel market is anticipated to gain the maximum traction by applications in motors and transformers. The market will continue to attract the highest application opportunities from power and energy generation sectors.

North America, Europe, and Japan are strong markets, contributing major revenue shares to the global electrical steel market. Asia Pacific is the most attractive region and forms a key market in the global electrical steel industry. APEJ is projected to be the largest market in 2016, owing to the highest electrical steel production in terms of volume. China will maintain its leading market position in APEJ, attributing to its strategic production and export.

Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-883

The key players in the global electrical steel market include Novolipetsk Steel, voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, thyssenkrupp AG, JFE Steel Corporation, ArcelorMittal, Cogent Power Limited, Aperam, Baosteel Group, AK Steel Corporation, ATI, Schneider Electric, Nicore Electrical Manufctory Co.,Ltd., ABB, Emirates Transformer & Switchgear Limited, Phoenix Mecano AG, Crompton Greaves, Leicong Industrial Co., Ltd., and Höganäs AB.

Long-term Outlook: Global electrical steel market revenues are anticipated to expand at a healthy CAGR of 7.3% through to 2026. The demand for electrical steel will witness an exponential growth curve from 2016 to 2026.

Buy Full Electrical Steel Market Report@ https://www.futuremarketinsights.com/checkout/883

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 to Surge at a Robust Pace in Terms of Revenue at 7.3% CAGR Over 2016-2026 here

News-ID: 719126 • Views: 207

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Steel

Steel Market Is Thriving Worldwide | Shaaban Steel, Zamil Steel Holding
A new research study from HTF MI with title Global Steel Industry Market Research Report provides an in-depth assessment of the Steel including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Steel investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1759094-global-steel-industry-market If you are involved in the Steel industry or intend to be, then this study will provide you
Global Lamination Steel Market 2019 - JFE Steel, Waelzholz, Toyota Tsusho, Tata …
A recent study titled Global Lamination Steel Market 2019 report by Apex Market Research provides fresh insights into the market including competitive landscape, Lamination Steel manufacturing technology, demand drivers, top players and technological foundations. The Global Lamination Steel Market 2019 report includes every aspect of the Lamination Steel industry along with the progress performance. It evaluates the past and current Lamination Steel market values as well as pristine study of
Global Steel Billet Market 2018 - Rizhao Steel, Fangda Steel, EVRAZ, MMK, Baotou …
Apex Market Reports, recently published a detailed market research study focused on the “Steel Billet Market” across the global, regional and country level. The report provides 360° analysis of “Steel Billet Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Steel Billet on
Global Mild Steel Angles Market Study 2018-2023 Nucor Steel, Angang Steel, NJR S …
A market study "Global Mild Steel Angles Market" examines the performance of the Mild Steel Angles market 2018. It encloses an in-depth Research of the Mild Steel Angles market state and the competitive landscape globally. This report analyzes the potential of Mild Steel Angles market in the present and the future prospects from various angles in detail. The Global Mild Steel Angles Market 2018 report includes Mild Steel Angles market Revenue,
Global Structural Steel Pipe Market Forecast 2018-2025 JFE Steel, Metalcorp Stee …
QYMarketStudy include new market study "Global Structural Steel Pipe Market" examines the performance of the Structural Steel Pipe market 2018. It encloses an in-depth Research of the Structural Steel Pipe market state and the competitive landscape globally. This report analyzes the potential of Structural Steel Pipe market in the present and the future prospects from various angles in detail. Global Top Manufacturers Analysis such as Omega Steel, JFE Steel Corporation, O'Neal
Global Lamination Steel Market 2018 - JFE Steel, Waelzholz, Toyota Tsusho, Tata …
Apex Market Reports, recently published a detailed market research study focused on the “Lamination Steel Market” across the global, regional and country level. The report provides 360° analysis of “Lamination Steel Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Lamination Steel on