Global Electrical Steel Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	212 Pages	DataM Intelligence 4Market Research LLP	April, 2023	DTAM17852912

Best Price Guarantee
Price	from $4,350
Length	212 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	April, 2023
SKU	DTAM17852912

Global Electrical Steel Market - 2023-2030

Market Overview

The global electrical steel market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of XX% during the forecast period (2023-2030).

Electrical steel, a form of specialty steel, is created when the influence of permeability alters the magnetic properties of normal steel. It is used, among other things, to make the cores for inductors, generators and power transformers. The market for electrical steel is expanding as a result of technological advancements and its high efficiency.

Market Dynamics

The growing electricity generation

A main driver boosting the market expansion is an increase in global electricity generation. Electrical steel, as its name suggests, has improved electrical characteristics, including high electrical resistivity, low hysteresis loss and low magnetostriction. The qualities make it highly sought-after for applications involving the production, distribution and consumption of electricity.

Volatility in raw materials price

The availability of raw materials is extremely important for the production and processing of steel products. The production of steel requires a variety of crucial raw materials, including iron ore, coal, industrial gases and ferroalloys. If raw materials are reasonably priced, the production and processing of steel can be done without any problems.

On the other hand, the cost of raw materials is incredibly volatile. Prices for finished steel products rise as a result of greater manufacturing expenses due to rising raw material costs. As a result, the growth of the electrical steel industry is severely hampered by fluctuating raw material prices.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global electrical steel market is segmented based on type, application, end-user and region.

The excellent magneric properties of motors & generators

During the course of the forecast period, the motor & generators segment is predicted to develop at the fastest rate. Electrical steel is chosen over other materials in electric motors due to its high frequency, high permeability and superior magnetic characteristics. Electric motor demand is being fueled by the growing emphasis on EV production, which is finally anticipated to help market expansion.

Electric motors offer higher speed and is used in industrial gear. High speed can result in the production of a lot of heat, which can have an effect on how well a vehicle performs by increasing core losses and placing a lot of mechanical stress on motor parts.

Geographical Analysis

The growing demand for EVs in Europe

Europe is predicted to have a large market for electrical steel during the projection period. The primary growth engine for the region's usage of electrical steel is the EV market. The region enticed global corporations to invest because to the expanding EV industry. For instance, Nidec said in November 2020 that it will invest US$ 1.9 billion in the construction of an EV manufacturing in Serbia in order to strengthen its position in Europe and compete with Chinese manufacturers. By 2023, the factory should be able to produce 300,000 motors annually.

Competitive Landscape

The major global players in the market are ArcelorMittal S.A., Baosteel Group Corporation, Pohang Iron and Steel Company (POSCO), Nippon Steel & Sumimoto Metal, JFE Holdings Inc., Jiangsu Shagang Group, Tata Steel, The United States Steel Corporation (US Steel), Angang Steel Co. Ltd. and Gerdau.

Why Purchase the Report?

• To visualize the global electrical steel market segmentation based on type, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of electrical steel market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global electrical steel market report would provide approximately 61 tables, 65 figures and 212 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Market Snippet By Type; 3.2. Market Snippet By Application; 3.3. Market Snippet By End-User; 3.4. Market Snippet By Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. The growing automotive industry; 4.1.1.2. The rising industrialization and use of motors; 4.1.2. Restraints; 4.1.2.1. Volatility in raw materials price; 4.1.2.2. XX; 4.1.3. Opportunity; 4.1.3.1. XX; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. Present COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Type: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 7.1.2. Market Attractiveness Index, By Type; 7.2. Grain Oriented Electrical Steel*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.2.3. Laminated Sheets; 7.2.4. Wounds Sheets; 7.2.5. Punched Sheets; 7.3. Non-Grain Oriented Electrical Steel; 7.3.1. Fully Processed; 7.3.2. Semi-processed
8. By Application: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 8.1.2. Market Attractiveness Index, By Application; 8.2. Transformers*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.2.3. Power Transformers; 8.2.4. Distribution Transformers; 8.2.5. Current Transformers; 8.2.6. Welding Transformers; 8.2.7. Audio Transformers; 8.2.8. Others; 8.3. Inductors; 8.4. Motors; 8.4.1. Stator; 8.4.2. Rotors; 8.4.3. Others; 8.5. Power Generators; 8.5.1. Gasoline; 8.5.2. Diesel; 8.5.3. Others; 8.6. Electrical Ballasts; 8.6.1. Outdoor Lighting; 8.6.2. Indoor Lighting; 8.7. Battery; 8.8. Magnetic Bearings; 8.9. Filters; 8.10. Others
9. By End-User: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 9.1.2. Market Attractiveness Index, By End-User; 9.2. Automotive*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Aviation; 9.4. Energy and Power; 9.5. Building and Construction; 9.6. Domestic Household Appliances; 9.7. Others
10. By Region: 10.1. Introduction; 10.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.3. Market Attractiveness Index, By Region; 10.4. North America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. U.S.; 10.4.6.2. Canada; 10.4.6.3. Mexico; 10.5. Europe; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. Germany; 10.5.6.2. UK; 10.5.6.3. France; 10.5.6.4. Italy; 10.5.6.5. Rest of Europe; 10.6. South America; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.6.6.1. Brazil; 10.6.6.2. Argentina; 10.6.6.3. Rest of South America; 10.7. Asia-Pacific; 10.7.1. Introduction; 10.7.2. Key Region-Specific Dynamics; 10.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 10.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.7.6.1. China; 10.7.6.2. India; 10.7.6.3. Japan; 10.7.6.4. Australia; 10.7.6.5. Rest of Asia-Pacific; 10.8. Middle East and Africa; 10.8.1. Introduction; 10.8.2. Key Region-Specific Dynamics; 10.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 10.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Company Profiles: 12.1. ArcelorMittal S.A.; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Key Highlights; 12.1.4. Financial Overview; 12.2. Baosteel Group Corporation; 12.3. Pohang Iron and Steel Company (POSCO); 12.4. Nippon Steel & Sumimoto Metal; 12.5. JFE Holdings Inc.; 12.6. Jiangsu Shagang Group; 12.7. Tata Steel; 12.8. The United States Steel Corporation (US Steel); 12.9. Angang Steel Co. Ltd.; 12.10. Gerdau; LIST NOT EXHAUSTIVE
13. Appendix: 13.1. About Us and Services; 13.2. Contact Us