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Electrical Steel Market by Type (Grain Oriented Electrical Steel and Non-Grain Oriented Electrical Steel) and Application (Transformers, Motors, Generators, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A07168
Pages: 267
Sep 2020 | 681 Views
 
Author(s) : Amit Narune , Eswara Prasad
Tables: 160
Charts: 73
 

COVID-19

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Electrical Steel Market Outlook -2027

The global electrical steel market was valued at $15.0 billion in 2019, and is projected to reach $21.0 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027. 

The outbreak of COVID-19 has negatively impacted the downstream chain of the market i.e. the electric motor manufacturers, transformer manufacturers, and others, which attributed to decreased demand for electrical steel.

Electrical steel is a soft magnetic material with improved electrical properties that is used across various applications such as electric motors, solenoids, small relays, generators, and others. It is also known as transformer steel or lamination steel or silicon steel. Electrical steel reduces the dissipation of heat. Presence of silicon in the electrical steel increases resistivity and enhances permeability.

Electrical-steel-Market-2020-2027

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Factors contributing toward the electrical steel market growth include increase in demand from energy generation & transmission industries and growth in deployment of renewable energy. However, a volatile price of raw materials is one of the major factors hindering the market growth. On the contrary, increase in usage of electrical vehicles is one of the factors expected to create lucrative opportunities during the forecast period. 

The electrical steel market is segmented on the basis of type, application, and region. Based on type, the electrical steel market is divided into grain oriented electrical steel and non-grain oriented electrical steel. On the basis of application, the electrical steel market is divided into transformers, motors, generators, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The electrical steel market share is analyzed across all segments and regions. 

The electrical steel market analysis covers in-depth information of the major industry participants. Some of the major players in the market include Aperam, ArcelorMittal, Baosteel Group Hu, Cleveland-Cliffs Inc., JFE Holdings, Inc, POSCO, Nippon Steel Corporation, Slovenian Steel Group, Tata Steel, and Voestalpine AG.

Other players in the value chain of the electrical steel market include Union Electric Steel Corporation, Allengency Technologies, Electrosteel Limited, Angang Steel Company Limited, Thyssenkrupp AG, Wuhan Iron & Steel Corporation, JSW Steel, Essar Steel, and others.

The key players are adopting numerous strategies such as product launch, business expansion, acquisition, partnership, collaboration, joint venture, and agreement to stay competitive in the electrical steel market.

For instance, ArcelorMittal launched the second generation of iCARe electrical steels. Its first electrical steel product was specifically meet the requirements of the electric vehicle. It was launched in June 2012. The beneficial characteristics of the second generation of iCARe electrical steels are the high strength, reduced use of electricity, less heat generation, and others. This product launch has not only reinforced company’s product portfolio of electrical steel but also improved its offering to automotive sector.

Electrical Steel Market
By Type

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Grain Oriented Electrical Steel is projected as the most lucrative segment.

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Electrical steel market, by type

By type, the grain oriented electrical steel segment is expected to grow at the fastest growth rate during the forecast period. Factors contributing toward the growth of electrical transformers are up-gradation of existing grid network, high demand and initiatives for smart grid development, and others. The increase in demand for electrical transformers will consequently boost the adoption of grain oriented electrical steel. In addition, non-grain oriented electrical steel garnered 75.9% in 2019 and expected to grow at a CAGR of 4.5%, in terms of volume during the forecast period. The rising electric vehicle trend is up-surging the demand for non-grain oriented electrical steel. As non-oriented electrical steels helps automotive manufacturers build more efficient hybrid electric vehicles for enhanced driving range and exceptional performance.

Electrical Steel Market
By Application

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Motors is projected as the most lucrative segment.

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Electrical steel market, by application

By application, the motor segment is anticipated to grow at the fastest growth rate during the projection period. It is expected to grow at a growth rate of 5.3% during the forecast period, in terms of volume. The demand for electric motors is expected to increase in the coming years, owing to rise in penetration of electric vehicles all round the world. This is expected to create lucrative opportunities for electrical steel manufacturers. North America and Europe have more electric vehicles on road as compared to developing economies. This is attributed to supporting policies for electric vehicles from governments.

Electrical Steel Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Electrical steel market, by region

Region wise, Asia-Pacific is expected to be the fastest growing region in terms of volume as well as revenue. This is attributed to factors such as presence of largest market for power transformers, owing to presence of countries such as China, India, and Indonesia. China is one of the largest manufacturers of power transformers. In addition, Asia-Pacific is one of the largest markets for wind generator. Moreover, India is also expected to grow at considerable rate this is attributed to factors such as growing renewable energy sector, rising energy demand owing to surge in population and urbanization, and other.

Key Benefits For Stakeholders

  • The electrical steel market is studied from 2019 to 2027
  • The report provides an in-depth analysis of the electrical steel market along with the current and future electrical steel market trends.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • The qualitative data in this report aims on market dynamics, electrical steel market trends, and developments.
  • A comprehensive analysis of the factors that drive and restrain the growth is provided.
  • The electrical steel market size is provided in terms of volume and revenue.

Impact Of Covid-19 On The Electrical Steelmarket

  • The outbreak of COVID-19 has affected the demand as well as the manufacturing in supply regions.
  • The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.
  • The above factors have impacted the growth of the electrical steel market.
  • The automotive sector has witnessed decreased in sales which has resulted in decreased investment in electrical vehicle sector or may witness delay in investment, which is expected to affect demand for electrical steel 

Key Market Segments

By Type

  • Grain Oriented Electrical Steel
  • Non-Grain-Oriented Electrical Steel

By Application

  • Transformers
  • Motors
  • Generators
  • Others

By Region

  • North America 
    • U.S. 
    • Canada 
    • Mexico
  • Europe 
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.Key findings

2.2.1.Top investment pockets

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping electrical steel market

3.2.1.Bargaining power of the supplier
3.2.2.Bargaining power of the buyer
3.2.3.Threat of new entrant
3.2.4.Threat of Substitutes
3.2.5.Competitive rivalry

3.3.Market Dynamics

3.3.1.Drivers

3.3.1.1.Increase in demand from energy generation & transmission industries
3.3.1.2.Growing deployment of renewable energy

3.3.2.Restraint

3.3.2.1.Volatile prices of raw materials

3.3.3.Opportunity

3.3.3.1.Increasing usage of electrical vehicles

3.4.Value Chain
3.5.Pricing analysis 2019-2027
3.6.Patent analysis 2012-2019
3.7.Impact of COVID-19 outbreak on the market

CHAPTER 4:ELECTRICAL STEEL MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Grain-Oriented Electrical Steel

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Non-Grain Oriented Electrical Steel

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:ELECTRICAL STEEL MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Transformers

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Motors

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Generators

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:ELECTRICAL STEEL MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.U.S.

6.2.5.1.Market size and forecast, by type
6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country
6.3.5.Germany

6.3.5.1.Market size and forecast, by type
6.3.5.2.Market size and forecast, by application

6.3.6.France

6.3.6.1.Market size and forecast, by type
6.3.6.2.Market size and forecast, by application

6.3.7.UK

6.3.7.1.Market size and forecast, by type
6.3.7.2.Market size and forecast, by application

6.3.8.Italy

6.3.8.1.Market size and forecast, by type
6.3.8.2.Market size and forecast, by application

6.3.9.Spain

6.3.9.1.Market size and forecast, by type
6.3.9.2.Market size and forecast, by application

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by type
6.3.10.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by country
6.4.5.China

6.4.5.1.Market size and forecast, by type
6.4.5.2.Market size and forecast, by application

6.4.6.Japan

6.4.6.1.Market size and forecast, by type
6.4.6.2.Market size and forecast, by application

6.4.7.India

6.4.7.1.Market size and forecast, by type
6.4.7.2.Market size and forecast, by application

6.4.8.Australia

6.4.8.1.Market size and forecast, by type
6.4.8.2.Market size and forecast, by application

6.4.9.South Korea

6.4.9.1.Market size and forecast, by type
6.4.9.2.Market size and forecast, by application

6.4.10.Rest of Asia-Pacific

6.4.10.1.Market size and forecast, by type
6.4.10.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by application
6.5.4.Market size and forecast, by country
6.5.5.Brazil

6.5.5.1.Market size and forecast, by type
6.5.5.2.Market size and forecast, by application

6.5.6.UAE

6.5.6.1.Market size and forecast, by type
6.5.6.2.Market size and forecast, by application

6.5.7.Saudi Arabia

6.5.7.1.Market size and forecast, by type
6.5.7.2.Market size and forecast, by application

6.5.8.South Africa

6.5.8.1.Market size and forecast, by type
6.5.8.2.Market size and forecast, by application

6.5.9.Rest of LAMEA

6.5.9.1.Market size and forecast, by type
6.5.9.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2019

7.2.Competitive Heatmap
7.3.Product mapping of top 10 player
7.4.Key developments

7.4.1.New product launches

CHAPTER 8:COMPANY PROFILES

8.1.Aperam

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.ArcelorMittal

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.R&D Expenditure
8.2.6.Business performance
8.2.7.Key strategic moves and developments

8.3.Tata Steel

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Business performance

8.4.POSCO

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.R&D Expenditure
8.4.6.Business performance

8.5.Nippon Steel Corporation

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.R&D Expenditure
8.5.6.Business performance

8.6.Baosteel Group Hu

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio

8.7.Voestalpine AG

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.R&D Expenditure
8.7.6.Business performance

8.8.JFE Holdings, Inc

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance

8.9.Cleveland-Cliffs Inc.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Business performance

8.10.Slovenian Steel Group

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Business performance

LIST OF TABLES

TABLE 01.GLOBAL ELETRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 02.GLOBAL ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027($MILLION)
TABLE 03.GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 (TON)
TABLE 04.GRAIN- ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 05.NON-GRAIN ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 (TON)
TABLE 06.NON-GRAIN ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 07.GLOBAL ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 (TON)
TABLE 08.GLOBAL ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 09.ELECTRICAL STEEL MARKET, FOR TRANSFORMERS, BY REGION, 2019-2027 (TON)
TABLE 10.ELECTRICAL STEEL MARKET,FOR TRANSFORMERS, BY REGION, 2019-2027 ($MILLION)
TABLE 11.ELECTRICAL STEEL MARKET, FOR MOTORS, BY REGION, 2019-2027 (TON)
TABLE 12.ELECTRICAL STEEL MARKET,FOR MOTORS, BY REGION, 2019-2027 ($MILLION)
TABLE 13.ELECTRICAL STEEL MARKET, FOR GENERATORS, BY REGION, 2019-2027 (TON)
TABLE 14.ELECTRICAL STEEL MARKET,FOR GENERATORS, BY REGION, 2019-2027 ($MILLION)
TABLE 15.ELECTRICAL STEEL MARKET, FOR OTHERS, BY REGION, 2019-2027 (TON)
TABLE 16.ELECTRICAL STEEL MARKET,FOR OTHERS, BY REGION, 2019-2027 ($MILLION)
TABLE 17.ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 (TON)
TABLE 18.ELECTRICAL STEEL MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 19.NORTH AMERICA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 20.NORTH AMERICA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 21.NORTH AMERICA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 22.NORTH  AMERICA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICA ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027(TON)
TABLE 24.NORTH AMERICA ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 25.U.S. ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 26.U.S. ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 27.U.S. ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 28.U.S. ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.CANADA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 30.CANADA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 31.CANADA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 32.CANADA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33.MEXICO ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 34.MEXICO ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 35.MEXICO ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 36.MEXICO ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37.EUROPE ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 38.EUROPE ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 39.EUROPE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 40.EUROPE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.EUROPE ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027(TON)
TABLE 42.EUROPE ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 43.GERMANY ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 44.GERMANY ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 45.GERMANY ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 46.GERMANY ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.FRANCE ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 48.FRANCE ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 49.FRANCE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 50.FRANCE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 51.UK ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 52.UK ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 53.UK ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 54.UK ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 55.ITALY ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 56.ITALY ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 57.ITALY ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 58.ITALY ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59.SPAIN ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 60.SPAIN ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 61.SPAIN ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 62.SPAIN ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63.REST OF EUROPE ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 64.REST OF EUROPE ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 65.REST OF EUROPE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 66.REST OF EUROPE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 67.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 68.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 69.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 70.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027(TON)
TABLE 72.ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 73.CHINA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 74.CHINA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 75.CHINA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 76.CHINA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 77.JAPAN ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 78.JAPAN ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 79.JAPAN ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 80.JAPAN ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 81.INDIA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 82.INDIA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 83.INDIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 84.INDIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.AUSTRALIA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 86.AUSTRALIA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 87.AUSTRALIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 88.AUSTRALIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 89.SOUTH KOREA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 90.SOUTH KOREA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 91.SOUTH KOREA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 92.SOUTH KOREA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 93.REST OF ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 94.REST OF ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 95.REST OF ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 96.REST OF ASIA-PACIFIC ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 97.LAMEA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 98.LAMEA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 99.LAMEA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 100.LAMEA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 101.LAMEA ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027(TON)
TABLE 102.LAMEA ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 103.BRAZIL ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 104.BRAZIL ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 105.BRAZIL ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 106.BRAZIL ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 107.UAE ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 108.UAE ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 109.UAE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 110.UAE ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 111.SAUDI ARABIA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 112.SAUDI ARABIA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 113.SAUDI ARABIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 114.SAUDI ARABIA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 115.SOUTH AFRICA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 116.SOUTH AFRICA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 117.SOUTH AFRICA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 118.SOUTH AFRICA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 119.REST OF LAMEA ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 (TON)
TABLE 120.REST OF LAMEA ELECTRICAL STEEL MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 121.REST OF LAMEA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027(TON)
TABLE 122.REST OF LAMEA ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 123.KEY NEW PRODUCT LAUNCHES (2016-2019)
TABLE 124.APERAM : COMPANY SNAPSHOT
TABLE 125.APERAM : OPERATING SEGMENTS
TABLE 126.APERAM : PRODUCT PORTFOLIO
TABLE 127.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 128.ARCELORMITTAL : COMPANY SNAPSHOT
TABLE 129.ARCELORMITTAL : OPERATING SEGMENTS
TABLE 130.ARCELORMITTAL : PRODUCT PORTFOLIO
TABLE 131.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 132.ARCELORMITTAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133.TATA: COMPANY SNAPSHOT
TABLE 134.TATA: PRODUCT PORTFOLIO
TABLE 135.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 136.POSCO : COMPANY SNAPSHOT
TABLE 137.POSCO : OPERATING SEGMENTS
TABLE 138.POSCO : PRODUCT PORTFOLIO
TABLE 139.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 140.NIPPON STEEL: COMPANY SNAPSHOT
TABLE 141.NIPPON STEEL: OPERATING SEGMENTS
TABLE 142.NIPPON STEEL: PRODUCT PORTFOLIO
TABLE 143.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 144.BAOSTEEL : COMPANY SNAPSHOT
TABLE 145.BAOSTEEL : OPERATING SEGMENTS
TABLE 146.BAOSTEEL : PRODUCT PORTFOLIO
TABLE 147.VOESTALPINE : COMPANY SNAPSHOT
TABLE 148.VOESTALPINE: OPERATING SEGMENTS
TABLE 149.VOESTALPINE: PRODUCT PORTFOLIO
TABLE 150.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 151.JFE: COMPANY SNAPSHOT
TABLE 152.JFE: OPERATING SEGMENTS
TABLE 153.JFE: PRODUCT PORTFOLIO
TABLE 154.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 155.CLEVELAND-CLIFFS: COMPANY SNAPSHOT
TABLE 156.CLEVELAND-CLIFFS: PRODUCT PORTFOLIO
TABLE 157.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 158.SIG GROUP: COMPANY SNAPSHOT
TABLE 159.SIG GROUP: PRODUCT PORTFOLIO
TABLE 160.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 03.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 04.HIGH BARGAINING POWER OF BUYERS
FIGURE 05.LOW THREAT OF NEW ENTRANTS
FIGURE 06.LOW THREAT OF SUBSTITUTES
FIGURE 07.HIGH INTENSITY OF RIVALRY
FIGURE 08.GLOBAL ELECTRICAL STEEL MARKET DYNAMICS
FIGURE 09.ELECTRICAL STEEL MARKET: SILICON METAL PRICE IN U.S. (2015-2019)
FIGURE 10.ELECTRICAL STEEL MARKET: VALUE CHAIN
FIGURE 11.PRICING ANALYSIS, BY TYPE, 2019-2027
FIGURE 12.PRICING ANALYSIS, BY REGION, 2019-2027
FIGURE 13.PATENT ANALYSIS, BY COUNTRY
FIGURE 14.PATENT ANALYSIS, BY APPLICANTS
FIGURE 15.GLOBAL ELECTRICAL STEEL MARKET, BY TYPE, 2019–2027 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF NON-GRAIN ORIENTED ELECTRICAL STEEL MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.GLOBAL ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2027 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF ELECTRICAL STEEL MARKET, FOR TRANSFORMERS , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF ELECTRICAL STEEL MARKET, FOR MOTORS , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS OF ELECTRICAL STEEL MARKET, FOR GENERATORS , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF ELECTRICAL STEEL MARKET, FOR OTHERS , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.U.S. ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24.CANADA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25.MEXICO ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26.GERMANY ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27.FRANCE ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.UK ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.ITALY ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.SPAIN ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.REST OF EUROPE ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.CHINA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.JAPAN ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.INDIA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.AUSTRALIA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.SOUTH KOREA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.REST OF ASIA-PACIFIC ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.BRAZIL ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.UAE ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40.SAUDI ARABIA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.SOUTH AFRICA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.REST OF LAMEA ELECTRICAL STEEL MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 43.MARKET PLAYER POSITIONING, 2019
FIGURE 44.COMPETITIVE HEATMAP
FIGURE 45.RODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 46.APERAM : REVENUE, 2016–2018 ($MILLION)
FIGURE 47.APERAM: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48.APERAM: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49.R&D EXPENDITURE, 2016 –2018 ($MILLION)
FIGURE 50.ARCELORMITTAL : REVENUE, 2016–2018 ($MILLION)
FIGURE 51.ARCELORMITTAL: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 52.ARCELORMITTAL: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 53.TATA: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.TATA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.TATA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.R&D EXPENDITURE, 2017 –2019 ($MILLION)
FIGURE 57.POSCO : REVENUE, 2017–2019 ($MILLION)
FIGURE 58.POSCO: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59.POSCO: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.R&D EXPENDITURE, 2016 –2018 ($MILLION)
FIGURE 61.NIPPON STEEL CORPORATION : REVENUE, 2016–2018 ($MILLION)
FIGURE 62.NIPPON STEEL: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63.NIPPON STEEL: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64.R&D EXPENDITURE, 2017 –2019 ($MILLION)
FIGURE 65.VOESTALPINE CORPORATION : REVENUE, 2017–2019 ($MILLION)
FIGURE 66.VOESTALPINE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67.JFE: REVENUE, 2017–2019 ($MILLION)
FIGURE 68.JFE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 69.CLEVELAND-CLIFFS: REVENUE, 2017–2019 ($MILLION)
FIGURE 70.CLEVELAND-CLIFFS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 71.SIG GROUP: REVENUE, 2017–2019 ($MILLION)
FIGURE 72.SIG GROUP: REVENUE SHARE BY PRODUCT AND BUSINESS AREAS, 2019 (%)
FIGURE 73.SIG GROUP: REVENUE SHARE BY REGION, 2019 (%)

 
 

According to the perspectives of the CXOs of key participants in the market, the demand for electrical steel is expected to grow at considerable rate during the forecast period. This is attributed to rise in investment in renewable energy and electric vehicle sector, increase in favorable policies to adopt electric vehicles in many countries around the world, surge in energy demand from developing economies, and others. Rise in energy demand and growth of renewable energy sector will up surge the adoption of power generation and transmission equipments such as transformers, generators, power relays, and others. This will consequently increase the demand for electrical steel.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. Key factors boosting the electrical steel market growth are increasing energy demand from developing regions, rising renewable energy sector, and others.

A. The market value of electrical steel in the forecast period from 2020 to 2027 is expected to be $21.0 billion

A. Aperam, ArcelorMittal, Tata Steel, Nippon Steel Corporation, JFE Holdings, Inc., and Voestalpine AG are some of the top companies in the electrical steel industry

A. Rising electrical vehicles is anticipated to create lucrative opportunities in the electrical steel market in coming years

A. Electrical and renewable energy sector is expected to increase the demand for electrical steel

A. On the basis of application, motors segment is expected to be the most influencing segment in the electrical steel market.

A. Rising energy demand from developing economies is one of the major drivers of the electrical steel market

A. Motors and Transformer application is expected to drive the adoption of electrical steel

A. The investment in electric vehicles may decrease or expected to get delayed from automotive players as the sales of automobiles have decreased in first quarter 2020 owing to COVID-19 outbreak. This is expected to impact the electrical steel market.

 

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