Electrical Steel Market Outlooks (2019-2026)
Straits Research has announced the addition of a new report titled, “Electrical Steel Market”, into its vast repository of research reports. This research report evaluates the industry status, market size, competitive landscape, market share, and growth opportunity. Then, the report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including key drivers, challenges, opportunities, restraints, threats, and industry-specific trends.

The global electrical steel market was valued at USD 20.45 billion in 2018 and is expected to reach a value of USD 34.63 billion at a CAGR of 5.8% during the forecast period, 2019–2026.
The research report takes into consideration the drivers, restraints, trends, and opportunities of the Electrical Steel market in order to identify the future of the market. The report also provides an estimation of the overall market size in terms of both value and volume and offers qualitative and quantitative insights into the key segments and the geographical subdivisions of the Electrical Steel market.
This report serves as a valuable material for all industry competitors and individuals having a keen interest in Electrical Steel Market study…
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Electrical Steel is extensively used in manufacturing of transformers which are further used in voltmeter, ammeters, rectifiers, power supplies, and others. Increasing demand for electricity is expected to augment the electrical steel market in the coming years. Technological advancements in the automotive industry to improve safety, light weighting, fuel efficiency, and specific requirements are expected to propel the growth of the market.
Some of the key players in the global electrical steel market are Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Baosteel (China), China Baowu Steel Group Corporation Limited, Ansteel Group Corporation Limited, United States Steel Corporation (U.S.), ArcelorMittal (Luxembourg), Tata Steel Limited (India), SAIL (Steel Authority of India Limited)(India), Voestalpine Group (Austria), Baosteel Group (Baowu Steel Group Corporation Limited), Jindal Steel and Power Limited (India), JFE Steel Corporation (India) and Essar Steel (India).
With all these analyses and information, this report can act as a valuable guide to readers looking to gain a clear understanding of all the factors that are influencing the market for Electrical Steel market at present and are projected to remain to do so over the forecast period.
As the report advances further, it explains developing plans and policies, making processes, cost structures of Electrical Steel market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of the market, market statistics of Electrical Steel market, upcoming development plans, Market gains, Contact details, Consumption ratio.
Additionally, the information on the latest developments in this Electrical Steel market, both, at the global as well as regional level, is expected to enhance the decision-making capability of the reader. Up-to-date information on various specifications, buyer analysis, their purchasing volume, prices, and price analysis, and deep insights on the leading suppliers have also been provided in this study for the readers.
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Market Segmentation:
By Type, Grain Oriented, Non-Grain Oriented, Others
By Application , Inductors, Transformers, Motors, Rotors, Stators, Others,
By End-Use Industry, Household Appliances, Manufacturing, Energy, Automotive, Others
The scope of the report:
- Current market size for 2019 and forecast till 2026
- Strategic analysis and market focus
- Latest industry-specific trends and the technological advancements
- Market developments covering M&A, investment, funding, partnerships, collaborations, etc.
- Competitive Landscape Analysis
Research objectives:-
- To study and analyze the global Electrical Steel consumption (value & volume) by key regions/countries, product type, and application, history data, and forecast to 2026.
- To understand the structure of the Electrical Steel market by identifying its various sub-segments.
- Focuses on the key global Electrical Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Electrical Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Overall the report offers detailed coverage of Electrical Steel industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Electrical Steel producers to provide exhaustive coverage of the market.
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