Electrical Steel Industry: Global Market Size, Growth, Trends and 2025 Forecast Report


MarnieSerrano

Uploaded on May 20, 2021

Category Business

The global electrical steel market was valued at over USD 21.0 billion in 2019 and is expected to grow with a CAGR of 6.5% from 2019 to 2025. Prevalent use of electrical steel owing to its increasing investment in infrastructure along with increasing urbanization are contributing factors driving the global electrical steel market.

Category Business

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Electrical Steel Industry: Global Market Size, Growth, Trends and 2025 Forecast Report

Adroit Market Research Global Electrical Steel Market Size 2019 by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automobile, Manufacturing, Household Appliances), Region, and Forecast to 2025 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research Global Electrical Steel Market To Increase With 7.7% CAGR During The Forecast Period • The global electrical steel market was valued at over USD 21.0 billion in 2019 and is expected to grow with a CAGR of 6.5% from 2019 to 2025. Prevalent use of electrical steel owing to its increasing investment in infrastructure along with increasing urbanization are contributing factors driving the global electrical steel market. • The electrical steel market research report, published by adroit market research, gives an in-depth analysis of the market from 2015 to 2025. The market has been studied from the year 2015 to 2017 considering it as the historic timeline, 2018 as the base year of estimation and 2019 to 2025 as the period of forecast. In addition, the study also possess the Porter’s five forces analysis and PESTLE analysis. • Electrical steels are the most commonly used soft magnetic material for control applications. Electrical steel consists of grain- as well as non- grain electrical steels. They are practical materials for the generation, transmission, and delivery of electrical energy and electrical equipment. • The related magnetic properties: magnetization activity and magnetic losses of non-grain-oriented electrical steels are determined by the strength of the texture components and by the inhomogeneity of the microstructure of the eventually processing material: grain size distribution, precipitation, internal tension. Browse the complete report on @ https://www.adroitmarketresearch.com/industry-reports/electrical-steel-market +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research Global Electrical Steel Market To Increase With 7.7% CAGR During The Forecast Period • The number of processing steps and process parameters are strikingly different for non-grain oriented electrical steels compiled into grain-oriented electrical steels. Production after casting consists of hot rolling, cold rolling, and final annealing. Product and process advances in the field of non-grain-oriented electrical steels are defined, as in the case of grain-oriented electrical steels, by the adaptation of magnetic properties and other physical properties for special application areas as well as by technical innovations. • Global non-grain-oriented electrical steel industry size will reach USD 10.6 billion by 2025 due to the increasing global demand for electric vehicles. Increasing demand for the production of vehicles has raised the demand for goods as a key ingredient in motor parts to improve the strength and fuel efficiency of vehicles and is expected to enhance the growth of the industry. • A number of industry players such as Voestalpine, ArcelorMittal Europe, MITSUI & Co. and Arnold Magnetic Technologies have become less competitive and concentrated in global electricity steel market share. Manufacturers concentrate primarily on the production of new creative goods so that their product range can be extended and new customers can grow. The attention of the main players is growing over the years, thanks to a large number of customers in the region, to penetrate the South-East Asian markets. +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research Key Segments of the Global Electrical Steel Market Product Overview, 2015-2025 (USD Million) (Kilo Tons) • Grain Oriented • Non Grain-Oriented Application Overview, 2015-2025 (USD Million) (Kilo Tons) • Transformers • Motors • Inductors End-Use Overview, 2015-2025 (USD Million) (Kilo Tons) • Energy • Automotive • Manufacturing • Household Appliances +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research Key Segments of the Global Electrical Steel Market Regional Overview, 2015-2025 (USD Million) • North America • Europe • Asia Pacific • Latin America • Middle East & Africa Purchase a single user copy of the global Electrical Steel Market report@ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1560 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research About Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for Contact Us companies, and many more. US Headquarters Phone: +1 (214) 884-6068 Email: [email protected] 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A  +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com