Electrical steel (lamination steel, silicon electrical steel, silicon steel, relay steel, transformer steel) is a special steel tailored to produce specific magnetic properties: small hysteresis area resulting in low power loss per cycle, low core loss, and high permeability.
The surge in electricity demand due to the rapidly increasing urban population across the world acts as one of the key factors driving the electrical steel market. Electrical steel also finds its application in the manufacturing of motors and hence, the adoption and acceptance of electric vehicles is also a major market driver.
Global Electric Magnetic Steel market size will increase to xx Million US$ by 2026, from xx Million US$ in 2020, at a CAGR of xx% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Electric Magnetic Steel.
This report covers the present status and the future prospects of the global Electric Magnetic Steel market for 2015-2026.
The report offers detailed coverage of Electric Magnetic Steel industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electric Magnetic Steel by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Arcelormittal, Arnold Magnetic Technologies, Baosteel Group, Orchid International, Posco, Sko-Die, Thyssenkrupp, Union States Steel, United States Steel, Voestalpine
Market Segment as follows:
Market by Order Type
Directional Electromagnetic Steel
Non-Directional Electromagnetic Steel
Electric Magnetic Steel Breakdown Data by Application
Energy
Car
Manufacturing
Electrical Appliances Product
Other
Electric Magnetic Steel Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Magnetic Steel market for the forecast period 2021 - 2026?
• What are the driving forces in the Electric Magnetic Steel market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Magnetic Steel industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.