Global Electrical Steel Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	166 Pages	TechNavio	September, 2024	INF19287756

Best Price Guarantee
Price	from $2,500
Length	166 Pages
Publisher	TechNavio
Published Date	September, 2024
SKU	INF19287756

Electrical Steel Market 2024-2028

The electrical steel market is forecasted to grow by USD 24254.8 million during 2023-2028, accelerating at a CAGR of 11.29% during the forecast period. The report on the electrical steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for electrical steel in automotive industry, high applications of electrical steel in power sector, and rise in adoption of renewable energy.

Technavio's electrical steel market is segmented as below:

By Type
Grain oriented electrical steel
Non-grain oriented electrical steel
By End-user
Automobiles
Manufacturing
Energy generation
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America

This study identifies the expansion of production capacity by vendors as one of the prime reasons driving the electrical steel market growth during the next few years. Also, increasing technological developments in global electrical steel market and increasing merger and acquisition activities will lead to sizable demand in the market.

The report on the electrical steel market covers the following areas:

Electrical steel market sizing
Electrical steel market forecast
Electrical steel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical steel market vendors that include Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW Group, Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp.. Also, the electrical steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Data Table on Incremental Growth
Market Landscape
- Market ecosystem
  - Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global Electrical Steel Market 2018 - 2022
  - Table Historic Market Size - Data Table on Global Electrical Steel Market 2018 - 2022 ($ million)
- Type segment analysis 2018 - 2022
- End-user segment analysis 2018 - 2022
- Geography segment analysis 2018 - 2022
- Country segment analysis 2018 - 2022
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Data Table on Comparison by Type
- Grain oriented electrical steel - Market size and forecast 2023-2028
  - Table Data Table on Grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
- Non-grain oriented electrical steel - Market size and forecast 2023-2028
  - Table Data Table on Non-grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Non-grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by End-user
- Market segments
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Data Table on Comparison by End-user
- Automobiles - Market size and forecast 2023-2028
  - Table Data Table on Automobiles - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Automobiles - Year-over-year growth 2023-2028 (%)
- Manufacturing - Market size and forecast 2023-2028
  - Table Data Table on Manufacturing - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Manufacturing - Year-over-year growth 2023-2028 (%)
- Energy generation - Market size and forecast 2023-2028
  - Table Data Table on Energy generation - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Energy generation - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Data Table on Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
Geographic Landscape
- Geographic segmentation
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023-2028
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Data Table on India - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Russia - Market size and forecast 2023-2028
  - Table Data Table on Russia - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Russia - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Opportunity/Restraints
- Market drivers
  - Increasing demand for electrical steel in automotive industry
  - High applications of electrical steel in power sector
- Market challenges
  - Excess production capacity in steel manufacturing plants
  - Increasing demand for alternative metal alloys
- Impact of drivers and challenges
- Market opportunities/restraints
  - Expansion of production capacity by vendors
  - Increasing technological developments in global electrical steel market
Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
Competitive Analysis
- Companies profiled
- Market positioning of companies
- Ansteel Group Corp. Ltd.
- ArcelorMittal
- China BaoWu Steel Group Corp. Ltd.
- China Steel Corp.
- Cleveland Cliffs Inc.
- JFE Holdings Inc.
- Nippon Steel Corp.
- NLMK Group
- Nucor Corp.
- POSCO holdings Inc.
- Steel Authority of India Ltd.
- Tata Sons Pvt. Ltd.
- thyssenkrupp AG
- United States Steel Corp.
- voestalpine AG
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations