Report Feature
The future of the global electrical steel market looks promising with opportunities in the transformer, motor, and inductor industries. The global electrical steel market is expected to grow with a CAGR of 7%-9% from 2020 to 2025. The major drivers for this market are high consumption rate of electrical steel in transformers and motors and steel is a good conductor of electricity.
A total of XX figures / charts and XX tables are provided in this more than 150-pages report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global electrical steel market report, please download the report brochure.
In this market, transformers is the largest application of electrical steel, whereas energy is the largest end use industry. Growth in various segments of the electrical steel market are given below:
The study includes trends and forecast for the global electrical steel market by type, application, end-use industry, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
- Grain Oriented
- Non-Grain Orineted
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
- Transformers
- Motors
- Inductors
By End-Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
- Energy
- Automotive
- Manufacturing
- Household Appliances
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
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North America
- United States
- Canada
- Mexico
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Europe
- United Kingdom
- Spain
- Germany
- France
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Asia Pacific
- China
- India
- Japan
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The Rest of the World
- Brazil
Some of the electrical steel companies profiled in this report include ArcelorMittal, POSCO, Voestalpine, Baosteel, and Nippon Steel & Sumitomo Metal.
Lucintel forecasts that transformers will remain the largest segment over the forecast period as there is a growing energy consumption across the globe.
Within this market, energy will remain the largest segment by end-use industry over the forecast period due to the growth of economies across the globe, which is directly linked to the growth of the power sector.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the presence of various global steelmakers such as ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, and POSCO Steel in the region, availability of labor and raw materials at low-cost, rapidly increasing population and urbanization.
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Features of the Global Electrical Steel Market |
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This report answers following key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global electrical steel market by type (grain oriented and non-grain orineted), application (transformers, motors, and inductors), end-use industry (energy, automotive, manufacturing, and household appliances), and regon (North America, Europe, Asia Pacific, and Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global electrical steel market? Q.5 What are the business risks and threats to the global electrical steel market? Q.6 What are emerging trends in this electrical steel market and the reasons behind them? Q.7 What are some changing demands of customers in this electrical steel market? Q.8 What are the new developments in this electrical steel market? Which companies are leading these developments? Q.9 Who are the major players in this electrical steel market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in this electrical steel market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the global electrical steel market? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2019 |
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Trend Period (Actual Estimates) |
2014-2019 |
| Forecast Period | 2020-2025 |
| Pages | More than 150 |
| Market Representation / Units | Revenue in US $ Million |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Type (Grain Oriented and Non-Grain Orineted), Application (Transformers, Motors, and Inductors), and End-Use Industry (Energy, Automotive, Manufacturing, and Household Appliances) |
Regional Scope |
North America (USA, Mexico, and Canada), Europe (United Kingdom, Spain, Germany, and France), Asia (China, India, and Japan), and ROW (Brazil) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
7.2 Emerging Trends in the Global Electrical Steel Market
4.1 Global Electrical Steel Market by Region
4.2.1 Market by Type: Grain Oriented and Non-Grain Orineted
4.2.2 Market by Application: Transformers, Motors, and Inductors
4.2.3 Market by End-Use Industry: Energy, Automotive, Manufacturing, and Household Appliances
4.2.4 The United States Electrical Steel Market
4.2.5 The Canadian Electrical Steel Market
4.2.6 The Mexican Electrical Steel Market
4.3.1 Market by Type: Grain Oriented and Non-Grain Orineted
4.3.2 Market by Application: Transformers, Motors, and Inductors
4.3.3 Market by End-Use Industry: Energy, Automotive, Manufacturing, and Household Appliances
4.3.4 The United Kingdom Electrical Steel Market
4.3.5 The Spanish Electrical Steel Market
4.3.6 The German Electrical Steel Market
4.3.7 The French Electrical Steel Market
4.4.1 Market by Type: Grain Oriented and Non-Grain Orineted
4.4.2 Market by Application: Transformers, Motors, and Inductors
4.4.3 Market by End-Use Industry: Energy, Automotive, Manufacturing, and Household Appliances
4.4.4 The Chinese Electrical Steel Market
4.4.5 The Indian Electrical Steel Market
4.4.6 The Japanese Electrical Steel Market
7.1.1 Growth Opportunities for the Global Electrical Steel Market by Type
7.1.2 Growth Opportunities for the Global Electrical Steel Market by Application
7.1.3 Growth Opportunities for the Global Electrical Steel Market by End-Use Industry
7.1.4 Growth Opportunities for the Global Electrical Steel Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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