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Electrical Steel - Global Market Trajectory & Analytics

  • ID: 4804324
  • Report
  • May 2020
  • Region: Global
  • 377 pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Electrical Steel market worldwide will grow by a projected US$16.1 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 5.8%. Grain-Oriented, one of the segments analyzed and sized in this study, is forecast to grow at over 5.5% and reach a market size of US$20.8 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Grain-Oriented market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.6% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$485.2 Million to the region's size over the next 7 to 8 years. In addition, over US$483.6 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Grain-Oriented segment will reach a market size of US$956.5 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Electrical Steel market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 9.5% over the next couple of years and add approximately US$4.2 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Electrical Steel market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

ArcelorMittal SA, Baosteel Group Corporation, China Steel Corporation, Essar Steel India Ltd, Hebei Puyang Iron and Steel Group, JFE Steel Corporation, JSW Steel Ltd, Nippon Steel & Sumitomo Metal Corporation, POSCO, Steel Authority of India Ltd. (SAIL), Tata Steel Ltd, ThyssenKrupp AG, Union Electric Steel Corporation, United States Steel Corporation, Wuhan Iron & Steel (Group) Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Global Competitor Market Shares
Electrical Steel Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
Global Electrical Steel Market - Prelude
Factors Driving Global Electrical Steel Market
Non-Grain Oriented Electrical Steel Leads Global Market
Electrical Steel Market by End Use
Transformers Segment Emerges as the Most Promising Application Market
China and Asia-Pacific - Lucrative Regional Markets for Electrical Steel
Competition
Highly Competitive Marketplace Dominated by Few Global Majors
Global Grain Oriented Electrical Steel Market - Percentage Breakdown of Sales by Leading Players

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Expanding Applications of Electrical Steel
Diverse Properties of Electrical Steel Presents Opportunity to Expand Applications Range
Growing EV Sales to Benefit Electrical Steel Market
Increasing Sales of Hybrid EV Fosters Demand for Electrical Steel
Global EV Market – Sales of BEVs, PHEVs, Full + Mid Hybrids, and Pure ICEfor the Years 2015, 2020, 2025 and 2030
Regulations to Reduce Electrical Losses of Transformers and Improve Energy EfficiencyDrives Focus onto Electrical Steel as Core Material
Electrical Steel's Application in Transformer
With Rising Electricity Demand Fueling Distribution Transformers Market, Electrical SteelMarket is Poised for Growth
Global Power Transformers Market in US$ Billion for the Period 2015-2022
Rising Electricity Demand and Growth in Transformers Market Augurs Well for ElectricalSteel – Global Electricity Demand in TWh for the Years 2000 through 2017
Electrical Steel in Electric Motors - An Overview
Electrical Steel to Improve Motors Used in EVs
Processing Difficulties and Rising Threat of Substitutes - Key Challenges Confronting Electrical Steel Market
Innovations & Advancements
Electrical Steel Market - Innovations Drive Growth
TUM Researchers Optimize Cutting Process of Electrical Steel for Use in Electric Motors
Product Overview
Electrical Steel - An Introduction
Grain Oriented and Non-Grain Oriented - Types of Electrical Steel
Applications of Silicon Steel

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Electrical Steel Market Share (in %) by Company: 2019 & 2025
Market Analytics
CANADA
JAPAN
CHINA
Market Facts & Figures
China Leads Global Electrical Steel Market
Market Analytics
EUROPE
Market Facts & Figures
European Electrical Steel Market: Competitor Market Share Scenario (in %)for 2019 & 2025
Electrical Steel Market in Europe - An Overview
EU Conducts Safeguard Investigation for Electrical Steel
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
India's Steel Ministry Leads R&D Project to Develop Indigenous CRGO Production Technology
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 41

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