The credible Asia-Pacific 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.
The non-oriented electrical steel (CRNGO) segment commanded the electrical steel market in 2022 because the goods have identical magnetic properties in all directions, allowing the non-oriented electrical steel (CRNGO) segment to dominate the region. In 2022, the 0.30 mm segment led the electrical steel market because labourers are highly experienced with working with 0.30 mm thickness as it is the obvious size and between grain sizes of the machine in the region.
The global electrical steel market was valued at USD 16,005.24 million in 2022 and is expected to reach USD 33,323.19 million by 2030, registering a CAGR of 9.60% during the forecast period of 2023-2030.
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Market Overview
Electrical steel is a special form of steel with magnetic properties such as high permeability and a small hysteresis area (low core loss or moderate energy dissipation each cycle). Electrical steel is a specialty steel created by modifying the magnetic characteristics of regular steel to provide high permeability and minimal core loss in electrical components. It is used to make a variety of devices, including the core of generators, power transformers, and inductors.
Some of the major players operating in the electrical steel market are:
ArcelorMittal (Luxembourg)
POSCO (South Korea)
Voestalpine AG (Austria)
Baosteel Group (China)
NIPPON STEEL CORPORATION (Japan)
United States Steel Corporation (U.S.)
SAIL (India)
TATA Steel (India)
Thyssenkrupp AG (Germany)
JFE Steel Corporation (Japan)
The electrical steel market is analyzed and market size insights and trends are provided by product type, applications, thickness, core losses, flux density and end user as referenced above.
The countries covered in the electrical steel market report are Japan, China, South Korea, India, Australia and New Zealand, Taiwan, Hong-Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.
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Table of Content
Chapter 1: Market overview
Chapter 2: Asia-Pacific Electrical Steel Market
Chapter 3: Regional analysis of the Global Asia-Pacific Electrical Steel Market industry
Chapter 4: Asia-Pacific 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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