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The electrical steel market is forecasted to grow by USD 24.25 billion during 2023-2028, accelerating at a CAGR of 11.29% during the forecast period. The report on the electrical steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for electrical steel in automotive industry, high applications of electrical steel in power sector, and rise in adoption of renewable energy.
The electrical steel market is segmented as below:
By Type
- Grain oriented electrical steel
- Non-grain oriented electrical steel
By End-user
- Automobiles
- Manufacturing
- Energy generation
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the electrical steel market covers the following areas:
- Electrical steel market sizing
- Electrical steel market forecast
- Electrical steel market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global electrical steel market: Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW Group, Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is expansion of production capacity by vendors."
According to the report, one of the major drivers for this market is the increasing demand for electrical steel in automotive industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ansteel Group Corp. Ltd.
- Aperam SA
- ArcelorMittal
- Arnold Magnetic Technologies Corp.
- Beijing Shougang Co. Ltd.
- China BaoWu Steel Group Corp. Ltd.
- China Steel Corp.
- Cleveland Cliffs Inc.
- JFE Holdings Inc.
- JSW Group
- Nippon Steel Corp.
- NLMK Group
- Nucor Corp.
- POSCO holdings Inc.
- Steel Authority of India Ltd.
- Tata Sons Pvt. Ltd.
- thyssenkrupp AG
- United States Steel Corp.
- voestalpine AG
- Yieh Corp.
