Global Electrical Steels Market Research Report 2023(Status and Outlook)

Global Electrical Steels Market Research Report 2023(Status and Outlook)



Report Overview

Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.

The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.

China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.

The Global Electrical Steels Market Size was estimated at USD 25560.00 million in 2022 and is projected to reach USD 29765.77 million by 2029, exhibiting a CAGR of 2.20% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Electrical Steels market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Steels Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Steels market in any manner.

Global Electrical Steels Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Baowu Group

AK Steel

Ansteel

ArcelorMittal

Benxi Iron & Steel (Group)

CSC

JFE Steel

Nippon Steel Corporation

NLMK Group

Posco

Shougang Group

Stalprodukt S.A.

TATA Steel

ThyssenKrupp

TISCO

Voestalpine

Masteel

APERAM

Nucor

ATI Metals

Market Segmentation (by Type)

Oriented Electrical Steels

Non-Oriented Electrical Steels

Market Segmentation (by Application)

Hospitals and Clinics

Rehabilitation Center

Home Care

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electrical Steels Market

Overview of the regional outlook of the Electrical Steels Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Electrical Steels
1.2 Key Market Segments
1.2.1 Electrical Steels Segment by Type
1.2.2 Electrical Steels Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Electrical Steels Market Overview
2.1 Global Market Overview
2.1.1 Global Electrical Steels Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Electrical Steels Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Electrical Steels Market Competitive Landscape
3.1 Global Electrical Steels Sales by Manufacturers (2018-2023)
3.2 Global Electrical Steels Revenue Market Share by Manufacturers (2018-2023)
3.3 Electrical Steels Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Electrical Steels Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Electrical Steels Sales Sites, Area Served, Product Type
3.6 Electrical Steels Market Competitive Situation and Trends
3.6.1 Electrical Steels Market Concentration Rate
3.6.2 Global 5 and 10 Largest Electrical Steels Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Electrical Steels Industry Chain Analysis
4.1 Electrical Steels Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Electrical Steels Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Electrical Steels Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Electrical Steels Sales Market Share by Type (2018-2023)
6.3 Global Electrical Steels Market Size Market Share by Type (2018-2023)
6.4 Global Electrical Steels Price by Type (2018-2023)
7 Electrical Steels Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Electrical Steels Market Sales by Application (2018-2023)
7.3 Global Electrical Steels Market Size (M USD) by Application (2018-2023)
7.4 Global Electrical Steels Sales Growth Rate by Application (2018-2023)
8 Electrical Steels Market Segmentation by Region
8.1 Global Electrical Steels Sales by Region
8.1.1 Global Electrical Steels Sales by Region
8.1.2 Global Electrical Steels Sales Market Share by Region
8.2 North America
8.2.1 North America Electrical Steels Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Electrical Steels Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Electrical Steels Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Electrical Steels Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Electrical Steels Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Baowu Group
9.1.1 Baowu Group Electrical Steels Basic Information
9.1.2 Baowu Group Electrical Steels Product Overview
9.1.3 Baowu Group Electrical Steels Product Market Performance
9.1.4 Baowu Group Business Overview
9.1.5 Baowu Group Electrical Steels SWOT Analysis
9.1.6 Baowu Group Recent Developments
9.2 AK Steel
9.2.1 AK Steel Electrical Steels Basic Information
9.2.2 AK Steel Electrical Steels Product Overview
9.2.3 AK Steel Electrical Steels Product Market Performance
9.2.4 AK Steel Business Overview
9.2.5 AK Steel Electrical Steels SWOT Analysis
9.2.6 AK Steel Recent Developments
9.3 Ansteel
9.3.1 Ansteel Electrical Steels Basic Information
9.3.2 Ansteel Electrical Steels Product Overview
9.3.3 Ansteel Electrical Steels Product Market Performance
9.3.4 Ansteel Business Overview
9.3.5 Ansteel Electrical Steels SWOT Analysis
9.3.6 Ansteel Recent Developments
9.4 ArcelorMittal
9.4.1 ArcelorMittal Electrical Steels Basic Information
9.4.2 ArcelorMittal Electrical Steels Product Overview
9.4.3 ArcelorMittal Electrical Steels Product Market Performance
9.4.4 ArcelorMittal Business Overview
9.4.5 ArcelorMittal Electrical Steels SWOT Analysis
9.4.6 ArcelorMittal Recent Developments
9.5 Benxi Iron andamp; Steel (Group)
9.5.1 Benxi Iron andamp; Steel (Group) Electrical Steels Basic Information
9.5.2 Benxi Iron andamp; Steel (Group) Electrical Steels Product Overview
9.5.3 Benxi Iron andamp; Steel (Group) Electrical Steels Product Market Performance
9.5.4 Benxi Iron andamp; Steel (Group) Business Overview
9.5.5 Benxi Iron andamp; Steel (Group) Electrical Steels SWOT Analysis
9.5.6 Benxi Iron andamp; Steel (Group) Recent Developments
9.6 CSC
9.6.1 CSC Electrical Steels Basic Information
9.6.2 CSC Electrical Steels Product Overview
9.6.3 CSC Electrical Steels Product Market Performance
9.6.4 CSC Business Overview
9.6.5 CSC Recent Developments
9.7 JFE Steel
9.7.1 JFE Steel Electrical Steels Basic Information
9.7.2 JFE Steel Electrical Steels Product Overview
9.7.3 JFE Steel Electrical Steels Product Market Performance
9.7.4 JFE Steel Business Overview
9.7.5 JFE Steel Recent Developments
9.8 Nippon Steel Corporation
9.8.1 Nippon Steel Corporation Electrical Steels Basic Information
9.8.2 Nippon Steel Corporation Electrical Steels Product Overview
9.8.3 Nippon Steel Corporation Electrical Steels Product Market Performance
9.8.4 Nippon Steel Corporation Business Overview
9.8.5 Nippon Steel Corporation Recent Developments
9.9 NLMK Group
9.9.1 NLMK Group Electrical Steels Basic Information
9.9.2 NLMK Group Electrical Steels Product Overview
9.9.3 NLMK Group Electrical Steels Product Market Performance
9.9.4 NLMK Group Business Overview
9.9.5 NLMK Group Recent Developments
9.10 Posco
9.10.1 Posco Electrical Steels Basic Information
9.10.2 Posco Electrical Steels Product Overview
9.10.3 Posco Electrical Steels Product Market Performance
9.10.4 Posco Business Overview
9.10.5 Posco Recent Developments
9.11 Shougang Group
9.11.1 Shougang Group Electrical Steels Basic Information
9.11.2 Shougang Group Electrical Steels Product Overview
9.11.3 Shougang Group Electrical Steels Product Market Performance
9.11.4 Shougang Group Business Overview
9.11.5 Shougang Group Recent Developments
9.12 Stalprodukt S.A.
9.12.1 Stalprodukt S.A. Electrical Steels Basic Information
9.12.2 Stalprodukt S.A. Electrical Steels Product Overview
9.12.3 Stalprodukt S.A. Electrical Steels Product Market Performance
9.12.4 Stalprodukt S.A. Business Overview
9.12.5 Stalprodukt S.A. Recent Developments
9.13 TATA Steel
9.13.1 TATA Steel Electrical Steels Basic Information
9.13.2 TATA Steel Electrical Steels Product Overview
9.13.3 TATA Steel Electrical Steels Product Market Performance
9.13.4 TATA Steel Business Overview
9.13.5 TATA Steel Recent Developments
9.14 ThyssenKrupp
9.14.1 ThyssenKrupp Electrical Steels Basic Information
9.14.2 ThyssenKrupp Electrical Steels Product Overview
9.14.3 ThyssenKrupp Electrical Steels Product Market Performance
9.14.4 ThyssenKrupp Business Overview
9.14.5 ThyssenKrupp Recent Developments
9.15 TISCO
9.15.1 TISCO Electrical Steels Basic Information
9.15.2 TISCO Electrical Steels Product Overview
9.15.3 TISCO Electrical Steels Product Market Performance
9.15.4 TISCO Business Overview
9.15.5 TISCO Recent Developments
9.16 Voestalpine
9.16.1 Voestalpine Electrical Steels Basic Information
9.16.2 Voestalpine Electrical Steels Product Overview
9.16.3 Voestalpine Electrical Steels Product Market Performance
9.16.4 Voestalpine Business Overview
9.16.5 Voestalpine Recent Developments
9.17 Masteel
9.17.1 Masteel Electrical Steels Basic Information
9.17.2 Masteel Electrical Steels Product Overview
9.17.3 Masteel Electrical Steels Product Market Performance
9.17.4 Masteel Business Overview
9.17.5 Masteel Recent Developments
9.18 APERAM
9.18.1 APERAM Electrical Steels Basic Information
9.18.2 APERAM Electrical Steels Product Overview
9.18.3 APERAM Electrical Steels Product Market Performance
9.18.4 APERAM Business Overview
9.18.5 APERAM Recent Developments
9.19 Nucor
9.19.1 Nucor Electrical Steels Basic Information
9.19.2 Nucor Electrical Steels Product Overview
9.19.3 Nucor Electrical Steels Product Market Performance
9.19.4 Nucor Business Overview
9.19.5 Nucor Recent Developments
9.20 ATI Metals
9.20.1 ATI Metals Electrical Steels Basic Information
9.20.2 ATI Metals Electrical Steels Product Overview
9.20.3 ATI Metals Electrical Steels Product Market Performance
9.20.4 ATI Metals Business Overview
9.20.5 ATI Metals Recent Developments
10 Electrical Steels Market Forecast by Region
10.1 Global Electrical Steels Market Size Forecast
10.2 Global Electrical Steels Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Electrical Steels Market Size Forecast by Country
10.2.3 Asia Pacific Electrical Steels Market Size Forecast by Region
10.2.4 South America Electrical Steels Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Electrical Steels by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Electrical Steels Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Electrical Steels by Type (2024-2029)
11.1.2 Global Electrical Steels Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Electrical Steels by Type (2024-2029)
11.2 Global Electrical Steels Market Forecast by Application (2024-2029)
11.2.1 Global Electrical Steels Sales (K Units) Forecast by Application
11.2.2 Global Electrical Steels Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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