The credible Electrical Steel Market research report gives detailed synopsis on the study of CHEMICAL AND MATERIALS industry and its impact on the market environment. This market document provides statistics on the current state of the industry as a helpful source of assistance and direction for companies and investors interested in this market. The business report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. In addition, the worldwide CHEMICAL AND MATERIALS report also gives a view about key players, major collaborations, merger, acquisitions along with trending innovation and business policies.
Electrical steel is a type of steel specialized in producing certain magnetic properties resulting in low core loss and high permeability. The electrical steel market is anticipated to witness significant growth in the future. The unique properties of electrical steel are mainly dependent on the proportion of silicon present in it The addition of silicon enhances the resistivity, improves permeability, and reduces hysteresis loss. However, factors such as capital investment high production cost of electrical steel may hinder the growth of the electrical steel market.
Data Bridge Market Research analyses that the electrical steel market was valued at USD 15.41 billion in 2021 and is expected to reach USD 25.09 billion by 2029, registering a CAGR of 6.28% during the forecast period of 2022 to 2029.
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Market Overview
Electrical steel is a soft magnetic material with advanced electrical properties used in several applications such as small relays, generators, electric motors, solenoids, among others. It is also known as lamination steel or transformer steel or silicon steel. Electrical steels are generally used soft magnetic material for power applications. Electrical steel consists of non-oriented electrical steels as well as grain-oriented electrical steels. These materials are used to transmit, generate, and deliver electrical energy and electrical equipment.
Some of the major players operating in the electrical steel market are:
ArcelorMittal (Luxembourg)
POSCO (South Korea)
Voestalpine AG (Austria)
Baosteel (China)
Nippon Steel Corporation (Japan)
United States Steel Corporation (US)
SAIL (India)
TATA Steel (India)
Thyssenkrupp AG (Germany)
JFE Steel Corporation (Japan)
Esteel (South Korea)
Hesteel Group Tangsteel Company (China)
ChinaSteel (Taiwan)
The electrical steel market is analysed and market size insights and trends are provided by country, type, thickness, core losses, flux density, application and end-user as referenced above.
The countries covered in the electrical steel market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
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Table of Content
Chapter 1: Market overview
Chapter 2: Global Electrical Steel Market
Chapter 3: Regional analysis of the Global Electrical Steel Market industry
Chapter 4: Electrical Steel Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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