Europe Transformer Steel Market, 2024-2030

Transformer steelis otherwise known as lamination steel, silicon electrical steel, silicon steel or electrical steel. It is produced so as to exhibits both magnetizing and demagnetizing characters. It is able to produce such as a small hysteresis area (small energy dissipation per cycle, or low core loss) and high permeability.

The Europe transformer steel market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Europetransformer steelis growing at a fast pace and increasing its geographical footprint rapidly. The Europetransformer steel market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

While the steel industry is witnessing an oversupply of low-cost steel, growing demand for electrical steel has led manufacturers to ramp up their production capacities. The electrical steels demand is surging for the auto industry where hybrid electrical vehicles which consume a lot of non-grain oriented electrical steel. As EU government policies are aligning more towards electrification of the vehicle to reduce emission, more and more such steels are getting produced by the suppliers. Also to meet rising the power generation need which ramps up due to heavy industrialization and increasing population, the grained electrical steel demand is also increasing.

Thought transformer steel is having a lot of attracting feature which makes it suitable for the function this market is getting affected due to the alternate material such as Nickel iron composites. Moreover, Fluctuations in the prices of raw materials have been hindering the growth of electrical steel market during the forecast period. Besides macroeconomic factors, drawbacks of electrical steel continue to create challenges for both manufacturers and end-users in the electrical steel market.

The transformer steelmarket has remarkable usage across all major countries in the Europe, such as Germany, France, Italy, UK, Belgium, and Rest of Europe. Some of the major players in transformer steelmarket in Europe are Höganäs AB, Phoenix Mecano AG, Thyssenkrupp AG, and Voestalpine AG.

Research Methodology

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.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 360 view of the industry dynamic. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Europe transformer steel industry dynamics
• Estimation of the present Europe transformer steel market size in terms of value and volume
• Europe transformer steel market breakup based on type and application
• Substantiated Europe transformer steel market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Europe transformer steel industry value chain