Asia-Pacific Electric Steel Market 2020-2028

MARKET OUTLOOK

According to a report, the Asia-Pacific electric steel market is predicted to grow at a CAGR 6.26% during the estimated period 2020-2028.
Japan, China, ASEAN countries, Australia & New Zealand, India, South Korea, and the Rest of APAC form the Asia-Pacific’s electric steel market.

The growing demand by the power sector, supportive government investments in electrical steel and the increasing R&D projects are the major drivers of the electric steel market in India. It is reported that the Steel Ministry is making an investment of $72.85 million towards the public-private research and development projects, mainly focused on developing high-value cold rolled grain-oriented type of electric steel.

Besides, rising demand from the power sector is likely to create considerable business opportunities for the Indian electric steel market over the estimated period. Due to the improvement in the capacity utilization, rapid urbanization & industrialization and the growing power consumption, India has become the third-largest power-consuming country in the world. Electric steel is used in the manufacturing process of power transformer cores, motors and generators. Thus, the rising demand for power will increase the infrastructural development activities, thereby increasing the demand for electric steel owing to its properties like energy savings and high permeability.

Considerable growth has been witnessed in the electric vehicle market during the past few years and is expected to proliferate further. The growing electric vehicle market will increase the demand for electrical steel motor, because these vehicles need soft magnetic materials with high flux density at high frequencies and reduced core losses.

COMPETITIVE OUTLOOK

The major players in the electric steel market are Baosteel Group, Nippon Steel Corporation, Orchids International, POSCO, Sko-Die Inc, ChinaSteel and AK Steel Corporation.

1. Asia-Pacific 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. Asia-Pacific Expected to Show Highest Growth During the Forecast Period
2.2.3. 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. Asia-Pacific 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. Asia-Pacific 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. Asia-Pacific Electric Steel Market Outlook - by End-User

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

6. Asia-Pacific Electric Steel Market – Regional Outlook

6.1. China
6.2. Japan
6.3. India
6.4. South Korea
6.5. Asean Countries
6.6. Australia & New Zealand
6.7. Rest of Asia-Pacific

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

List of Figures

Figure 1: Asia-Pacific Electric Steel Market, 2020-2028 (In $ Million)
Figure 2: Timeline of Electric Steel
Figure 3: Porter's Five Force Analysis
Figure 4: Key Buying Impact Analysis
Figure 5: Industry Components
Figure 6: Manufacturing Process of Electric Steel
Figure 7: Asia-Pacific Electric Steel Market, by Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 8: Asia-Pacific Electric Steel Market, by Fully Processed Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 9: Asia-Pacific Electric Steel Market, by Semi Processed Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 10: Asia-Pacific Electric Steel Market, by Non-Grain-Oriented Steel, 2020-2028 (In $ Million)
Figure 11: Asia-Pacific Electric Steel Market, by Transformers, 2020-2028 (In $ Million)
Figure 12: Asia-Pacific Electric Steel Market, by Current Transformers, 2020-2028 (In $ Million)
Figure 13: Asia-Pacific Electric Steel Market, by Power Transformers, 2020-2028 (In $ Million)
Figure 14: Asia-Pacific Electric Steel Market, by Distribution Transformers, 2020-2028 (In $ Million)
Figure 15: Asia-Pacific Electric Steel Market, by Motors, 2020-2028 (In $ Million)
Figure 16: Asia-Pacific Electric Steel Market, by Inductors, 2020-2028 (In $ Million)
Figure 17: Asia-Pacific Electric Steel Market, by Others, 2020-2028 (In $ Million)
Figure 18: Asia-Pacific Electric Steel Market, by Energy, 2020-2028 (In $ Million)
Figure 19: Asia-Pacific Electric Steel Market, by Automobiles, 2020-2028 (In $ Million)
Figure 20: Asia-Pacific Electric Steel Market, by Manufacturing, 2020-2028 (In $ Million)
Figure 21: Asia-Pacific Electric Steel Market, by Household Appliances, 2020-2028 (In $ Million)
Figure 22: Asia-Pacific Electric Steel Market, by Others, 2020-2028 (In $ Million)
Figure 23: Asia-Pacific Electric Steel Market, Regional Outlook, 2019 & 2028 (In %)
Figure 24: China Electric Steel Market, 2020-2028 (In $ Million)
Figure 25: Japan Electric Steel Market, 2020-2028 (In $ Million)
Figure 26: India Electric Steel Market, 2020-2028 (In $ Million)
Figure 27: South Korea Electric Steel Market, 2020-2028 (In $ Million)
Figure 28: Asean Countries Electric Steel Market, 2020-2028 (In $ Million)
Figure 29: Australia & New Zealand Electric Steel Market, 2020-2028 (In $ Million)
Figure 30: Rest of Asia-Pacific Electric Steel Market, 2020-2028 (In $ Million)