Electrical Steel Market, By Type (Grain-oriented (Hi-Permeability (HiB), Conventional GOES, Laser magnetic domain refinement (LMDR)), Non-grain oriented (Fully Processed, Semi Processed)), By Application (Transformer (Distribution, Transmission, Portable)

Electrical Steel Market, By Type (Grain-oriented (Hi-Permeability (HiB), Conventional GOES, Laser magnetic domain refinement (LMDR)), Non-grain oriented (Fully Processed, Semi Processed)), By Application (Transformer (Distribution, Transmission, Portable), Motors (1hp - 100hp, 101hp – 200hp, 201hp – 500hp, 501hp-1000hp, Above 1001hp), Inductors), and By Region (Asia Pacific, North America, Europe, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Electrical steel sheets are used in the electromagnetic devices such as generators, transformer and motors. It is also referred as silicon steel, lamination steel or transformer steel, mainly used in automotive industries and electrical power distribution systems.

Market Dynamics

The global electrical steel market is growing at substantial rate, owing to rise in consumption rate of electrical steel in motors and transformer. Furthermore, increasing sales of automotive vehicles is the key underlying factor supporting market growth. According to Organisation Internationale des Constructeurs d'Automobiles, in 2018, 95.05 million units of vehicles were sold globally, up from 93.8 million in 2016. This scenario is expected to provide lucrative growth to the global Electrical steel market over the forecast period.

Major players in the global electrical steel market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use energy, household appliances and automobile industry. For instance, in 2018, AK Steel, launched electrical steel for use in high voltage and ultra-voltage power transformers, TRAN-COR X, belongs to high permeability grain oriented electrical steel (GOES) type. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

This report provides in-depth analysis of global electrical steel market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players

It profiles leading players in the global electrical steel market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study includes NLMK, Voestalpine AG, POSCO, Nippon Steel & Sumitomo Metal Corporation, Thyssenkrupp AG, JFE Steel Corporation, ArcelorMittal, Cogent Power Limited, Aperam, Baosteel Group Corporation, AK Steel Corporation, ATI, Schneider Electric, Nicore Electrical Manufactory Co., Ltd.

Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics

The global Electrical steel market report caters to various stakeholders in this industry including investors, suppliers, global electrical steel manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Electrical steel market

Detailed Segmentation:

Global Electrical steel Market, By Type:

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

Global Electrical steel Market, By Application:

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Global Electrical steel Market, By Region:

North America

U.S.

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Canada

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Latin America

Brazil

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Mexico

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Rest of Latin America

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Europe

France

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Germany

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

U.K.

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Russia

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Rest of Europe

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Asia Pacific

China

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Japan

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Australia

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

India

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Rest of the Asia-pacific

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Middle East & Africa

GCC

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

South Africa

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Rest of Middle East & Africa

By Type

Grain-oriented

Hi-Permeability (HiB)

Conventional GOES

Laser magnetic domain refinement (LMDR)

Non-grain oriented

Fully Processed

Semi Processed

By Application

Transformer

Distribution

Transmission

Portable

Motors

1hp - 100hp

101hp – 200hp

201hp – 500hp

501hp-1000hp

Above 1001hp

Inductors

Company Profiles

NLMK

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans

Voestalpine AG

POSCO

Nippon Steel & Sumitomo Metal Corporation

ThyssenKrupp AG

JFE Steel Corporation

ArcelorMittal

Cogent Power Limited

Aperam

Baosteel Group Corporation

AK Steel Corporation

ATI

Schneider Electric

Nicore Electrical Manufactory Co., Ltd

“*” marked represents similar segmentation in other categories in the respective