Press release
Global Electrical steel Market revenues are anticipated to expand at a healthy CAGR of 7.3% through to 2026
Request A Sample Copy Of This Report at: https://www.futuremarketinsights.com/reports/sample/rep-gb-883
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.
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.
Visit For TOC@ https://www.futuremarketinsights.com/reports/electrical-steel-market/toc
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.
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, ,
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 Global Electrical steel Market revenues are anticipated to expand at a healthy CAGR of 7.3% through to 2026 here
News-ID: 855101 • Views: …
More Releases from Future Market Insights
Japan Electric Vehicle Reducer Market Accelerates Towards USD 800 Million by 203 …
The Japan Electric Vehicle (EV) reducer market is set to reach USD 800 million by 2035, growing at a CAGR of 6.2% from 2025. Rising EV adoption, advanced powertrain technology, and government support for carbon neutrality are driving demand for compact, high-efficiency reducers. Manufacturers are prioritizing torque optimization, energy-efficient designs, and lightweight materials to meet performance and range expectations.
The surge in EV production and strategic alliances across automakers, battery providers,…
Germany Electric Vehicle Reducer Market is slated for significant expansion, wit …
The Germany Electric Vehicle (EV) reducer market is on a strong growth trajectory, projected to reach USD 1.2 billion by 2035, at a CAGR of 6.2% from 2025. As the heart of EV powertrains, reducers are critical for torque optimization, energy efficiency, and extended battery range. Increasing EV production, government incentives for electrification, and local manufacturing initiatives are accelerating demand for high-performance reducers.
Germany, Europe's automotive leader, is spearheading the transition…
ASEAN Electric Vehicle Reducer Market Growth Accelerates to USD 1.1 Billion at 7 …
The ASEAN electric vehicle (EV) reducer market is accelerating rapidly, projected to reach USD 1.1 billion by 2035, growing at a CAGR of 7.5%. EV reducers, the heart of electric powertrains, optimize torque distribution, enhance vehicle performance, and extend battery range. Rising EV production, expanding charging infrastructure, and regional government incentives are creating a favorable environment for advanced reducer adoption across passenger, commercial, and two-wheeled vehicles.
As Southeast Asian countries like…
Germany X-by-Wire Market will reach USD 3.1 billion by 2035 with a healthy CAGR …
Germany's X-by-Wire market is poised for strong growth from 2025 through 2035, expected to reach USD 3.1 billion at a CAGR of 8.2%. Increased investment in advanced vehicle technologies, strict EU emission regulations, and the growing adoption of electric (EV) and autonomous vehicles (AV) are driving this expansion. By replacing conventional mechanical or hydraulic linkages with electronic actuators and control units, X-by-Wire systems enhance handling, safety, and energy efficiency-key differentiators…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
