Europe Electric Steel Market 2020-2028

MARKET OUTLOOK

A report on the European electric steel market states that the industry is set to accelerate at a CAGR of 5.57% over the estimated period 2020-2028.
The United Kingdom, Germany, Italy, France, Russia, Spain and the Rest of Europe comprise the electric steel market in Europe.

Germany’s electrical steel market is driven by the rising energy consumption in the urban & semi-urban provinces and the huge investments made towards the development of smart cities by the federal government. A tremendous increase in the demand for power consumption is witnessed in the country over the past few years. Since electric steel finds its applications in the manufacturing process of transformers and motors, the growing demand for power generation would instigate the demand for electric steel as well. Cisco Systems Inc announced an investment of about $500 million to upgrade the electricity infrastructure. This would result in an escalation in the demand for electrical steel market as the material minimizes wastage of electricity and has better EMC performance in the country.

Duisburg has signed an MoU with Huawei organization to build a smart city. The development of smart cities would push demand for electrical steel because the infrastructure development will make use of modern transformers & inductors in abundance. Due to its high flux density and cost-effectiveness, electrical steel is used in the manufacturing of these transformers and inductors, thereby aiding the growth of the electric steel market in the country.

COMPETITIVE OUTLOOK

Some of the players operating in the electric steel market are ArcelorMittal, Thyssenkrupp AG, BRS (Big River Steel), Voestalpine AG, ChinaSteel, AK Steel Corporation, Tata Steel and JFE Steel Corporation.

1. Europe Electric Steel Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Growth in Electricity Demand
2.2.2. Transformers Captures Largest Market Share in Application Segment
2.3. Evolution & Transition of Electric Steel
2.4. Porter's Five Force Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Suppliers
2.4.4. Bargaining Power of Buyers
2.4.5. Threat of Competitive Rivalry
2.5. Key Impact Analysis
2.5.1. Cost
2.5.2. Application
2.5.3. Specifications
2.6. Market Attractiveness Index
2.7. Industry Components
2.7.1. Raw Material Suppliers
2.7.2. Manufacturers
2.7.3. Distributors
2.7.4. End-Users
2.8. Regulatory Framework
2.9. Market Drivers
2.9.1. Growth in Urban Population
2.9.2. Increased Demand for Transformers & Motors
2.9.3. Growth in Traction for Electric Vehicles
2.9.4. Increased Demand by Power Sector for Electric Steels
2.10. Market Restraints
2.10.1. Volatility and Fluctuations in Raw Material Prices
2.11. Market Opportunities
2.11.1. Regulations in Favour of Electric Steel Market
2.12. Market Challenges
2.12.1. Safety & Technological Constraints

3. Europe Electric Steel Market Outlook - by Type

3.1. Grain-Oriented Steel
3.1.1. Fully Processed Grain-Oriented Steel
3.1.2. Semi Processed Grain-Oriented Steel
3.2. Non-Grain-Oriented Steel

4. Europe Electric Steel Market Outlook - by Application

4.1. Transformers
4.1.1. Current Transformers
4.1.2. Power Transformers
4.1.3. Distribution Transformers
4.2. Motors
4.3. Inductors
4.4. Others

5. Europe Electric Steel Market Outlook - by End-User

5.1. Energy
5.2. Automobiles
5.3. Manufacturing
5.4. Household Appliances
5.5. Others

6. Europe Electric Steel Market – Regional Outlook

6.1. United Kingdom
6.2. Germany
6.3. France
6.4. Spain
6.5. Italy
6.6. Russia
6.7. Rest of Europe

7. Competitive Landscape

7.1. Arcelormittal
7.2. Arnold Magnetic Technologies
7.3. Baosteel Group
7.4. Chinasteel
7.5. AK Steel Corporation
7.6. Nippon Steel Corporation
7.7. Orchids International
7.8. Posco
7.9. Sko-Die Inc
7.10. Sail (Steel Authority of India Limited)
7.11. Thyssenkrupp AG
7.12. BRS (Big River Steel)
7.13. Voestalpine AG
7.14. Tata Steel
7.15. JFE Steel Corporation

8. Methodology & Scope

8.1. Research Scope
8.2. Sources of Data
8.3. Research Methodology

List of Tables

Table 1: Europe Electric Steel Market, by Country, 2020-2028 (In $ Million)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: Regulatory Framework
Table 5: Europe Electric Steel Market, by Type, 2020-2028 (In $ Million)
Table 6: Europe Electric Steel Market, by Grain-Oriented Steel, 2020-2028 (In $ Million)
Table 7: Europe Electric Steel Market, by Application, 2020-2028 (In $ Million)
Table 8: Europe Electric Steel Market, by Transformers, 2020-2028 (In $ Million)
Table 9: Europe Electric Steel Market, by End-User, 2020-2028 (In $ Million)
Table 10: Europe Electric Steel Market, by Country, 2020-2028 (In $ Million)

List of Figures

Figure 1: Timeline of Electric Steel
Figure 2: Porter's Five Force Analysis
Figure 3: Key Buying Impact Analysis
Figure 4: Industry Components
Figure 5: Manufacturing Process of Electric Steel
Figure 6: Europe Electric Steel Market, by Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 7: Europe Electric Steel Market, by Fully Processed Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 8: Europe Electric Steel Market, by Semi Processed Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 9: Europe Electric Steel Market, by Non-Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 10: Europe Electric Steel Market, by Transformers, 2020-2028 (In $ Million)
Figure 11: Europe Electric Steel Market, by Current Transformers, 2020-2028 (In $ Million)
Figure 12: Europe Electric Steel Market, by Power Transformers, 2020-2028 (In $ Million)
Figure 13: Europe Electric Steel Market, by Distribution Transformers, 2020-2028 (In $ Million)
Figure 14: Europe Electric Steel Market, by Motors, 2020-2028 (In $ Million)
Figure 15: Europe Electric Steel Market, by Inductors, 2020-2028 (In $ Million)
Figure 16: Europe Electric Steel Market, by Others, 2020-2028 (In $ Million)
Figure 17: Europe Electric Steel Market, by Energy, 2020-2028 (In $ Million)
Figure 18: Europe Electric Steel Market, by Automobiles, 2020-2028 (In $ Million)
Figure 19: Europe Electric Steel Market, by Manufacturing, 2020-2028 (In $ Million)
Figure 20: Europe Electric Steel Market, by Household Appliances, 2020-2028 (In $ Million)
Figure 21: Europe Electric Steel Market, by Others, 2020-2028 (In $ Million)
Figure 22: Europe Electric Steel Market, Regional Outlook, 2019 & 2028 (In %)
Figure 23: United Kingdom Electric Steel Market, 2020-2028 (In $ Million)
Figure 24: Germany Electric Steel Market, 2020-2028 (In $ Million)
Figure 25: France Electric Steel Market, 2020-2028 (In $ Million)
Figure 26: Spain Electric Steel Market, 2020-2028 (In $ Million)
Figure 27: Italy Electric Steel Market, 2020-2028 (In $ Million)
Figure 28: Russia Electric Steel Market, 2020-2028 (In $ Million)
Figure 29: Rest of Europe Electric Steel Market, 2020-2028 (In $ Million)