Asia-Pacific Transformer Steel Market Analysis, 2024-2030
Description
Transformer Steel, also known as electrical steel, is a type of specialty steel manufactured by customizing the magnetic properties of normal steel to bring about high levels of permeability in it. Due to this capacity, transformer steel is majorly used to produce the core of transformers, generators, etc. and this ensures a lower rate of core loss.
The report on Asia-Pacific transformer steel market presents the crux of over 250 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the transformer steel industry value chain coupled with exhaustive secondary and primary research
As per the report, the Asia-Pacific transformer steel market was valued at more than USD X.XX billion in 2017 and is anticipated to reach approximately USD X billion at a CAGR of above X.XX% from 2018 to 2026. The increase in demand for electric and hybrid cars is the major reason to boost the demand for transformer steel in the next few years.
The transformer steel has two types of structures. It is either grained oriented or nonoriented. Grained oriented steel is used in the manufacturing of transformers, magnetic amplifier, and transducers cores. Non-oriented steel is used to manufacture rotating machines like alternators, generators, and motors
The market for transformer steel is dominated by the Asia-Pacific region with 55% of market share, and it is followed by Europe, North America, Middle East, Africa and Latin America. Furthermore, the rise in export percentage from India can be beneficial in the drive for transformer steel market in Asia-Pacific in the next few years.
Asia-Pacific region tops the market as a result of the growing automotive industries in countries like India, China, Japan and Australia. Strict government rules and regulations for implementing the use of transformers, which prevent the loss of energy and have low emissions of carbon dioxide, has given rise to more efficient motors and cores which directly boost the transformer steel market there. But, a great barrier for this industry can be the better efficiency Nickel-Iron alloys and a large amount of mechanical stress and strain generated during the processing of cold-rolled electrical steel.
Some of the key players in the transformer steel market in Asia-Pacific region are China Baowu Steel Group, Hesteel Group, Jiangsu Shagang, Tata Steel, POSCO and Dongkuk Steel.
Our Approach
At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.
Hence, the Asia-Pacific transformer steel market is segmented based on type (Grain-oriented and non-grain-oriented), application (Motors, transformers, inductors), end-use (Automotive, energy, manufacturing, household), and geography (China, Japan, India, Indonesia, Others). Different types of transformer steel were mapped for different applications in all the end-use industries across different countries within Asia-Pacific region. Findings were later integrated for a consolidated report.
Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.
Figure 1 Primary research breakdown
Contents of the report:
The report on Asia-Pacific transformer steel market presents the crux of over 250 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the transformer steel industry value chain coupled with exhaustive secondary and primary research
As per the report, the Asia-Pacific transformer steel market was valued at more than USD X.XX billion in 2017 and is anticipated to reach approximately USD X billion at a CAGR of above X.XX% from 2018 to 2026. The increase in demand for electric and hybrid cars is the major reason to boost the demand for transformer steel in the next few years.
The transformer steel has two types of structures. It is either grained oriented or nonoriented. Grained oriented steel is used in the manufacturing of transformers, magnetic amplifier, and transducers cores. Non-oriented steel is used to manufacture rotating machines like alternators, generators, and motors
The market for transformer steel is dominated by the Asia-Pacific region with 55% of market share, and it is followed by Europe, North America, Middle East, Africa and Latin America. Furthermore, the rise in export percentage from India can be beneficial in the drive for transformer steel market in Asia-Pacific in the next few years.
Asia-Pacific region tops the market as a result of the growing automotive industries in countries like India, China, Japan and Australia. Strict government rules and regulations for implementing the use of transformers, which prevent the loss of energy and have low emissions of carbon dioxide, has given rise to more efficient motors and cores which directly boost the transformer steel market there. But, a great barrier for this industry can be the better efficiency Nickel-Iron alloys and a large amount of mechanical stress and strain generated during the processing of cold-rolled electrical steel.
Some of the key players in the transformer steel market in Asia-Pacific region are China Baowu Steel Group, Hesteel Group, Jiangsu Shagang, Tata Steel, POSCO and Dongkuk Steel.
Our Approach
At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.
Hence, the Asia-Pacific transformer steel market is segmented based on type (Grain-oriented and non-grain-oriented), application (Motors, transformers, inductors), end-use (Automotive, energy, manufacturing, household), and geography (China, Japan, India, Indonesia, Others). Different types of transformer steel were mapped for different applications in all the end-use industries across different countries within Asia-Pacific region. Findings were later integrated for a consolidated report.
Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.
Figure 1 Primary research breakdown
Contents of the report:
- Insight on the current industry dynamics
- Estimation of the current market size in terms of value and volume
- Market breakup based on type, application, end-use, and geography
- Substantiated market forecasting for the next five years
- Detailed analysis of the key companies operating across different nodes of transformer steel industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Asia-Pacific Market Analysis
- Asia-Pacific transformer steel market size (2024–2030)
- By value
- By volume
- Asia-Pacific transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 4. China Market Analysis
- China transformer steel market size (2024–2030)
- By value
- By volume
- China transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 5. Japan Market Analysis
- Japan transformer steel market size (2024–2030)
- By value
- By volume
- Japan transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 6. India Market Analysis
- India transformer steel market size (2024–2030)
- By value
- By volume
- India transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 7. Indonesia Market Analysis
- Indonesia transformer steel market size (2024–2030)
- By value
- By volume
- Indonesia transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 8. Other Asian Countries Market Analysis
- Other Asian countries transformer steel market size (2024–2030)
- By value
- By volume
- Other Asian countries transformer steel market share (2024–2030)
- By type
- By application
- By end-use
- By geography
- By company
- 9. Competitive Intelligence
- China Baowu Steel Group
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 10. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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