Electrical Steel Market Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2017 - 2025

This report analyzes and forecasts the electrical steel market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (kilo tons) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global electrical steel market. It also covers impact of these drivers and restraints on demand for electrical steel during the forecast period. The report also highlights opportunities in the electrical steel market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global electrical steel market. Porter’s Five Forces model for the electrical steel market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein products and application are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global electrical steel market by segmenting it in terms of type, application, end-user industry, and region. In terms of type, the electrical steel market has been classified into grain oriented and non-grain oriented. Based on application, the electrical steel market can be divided into transformer, inductor, motor (rotor, stator, and others), and others. In terms of end-user industry, the global electrical steel market can be segregated into automotive, manufacturing, energy, household appliances, and others. Regional segmentation includes current and forecast demand for electrical steel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual size of the electrical steel market for 2017 and estimated size for 2018 with forecast for the next eight years. The global electrical steel market has been provided in terms of revenue. Market numbers have been estimated based on type, transport, application, and end-user industry of the electrical steel market. Market revenue and volume size have been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global electrical steel market. Key players operating in the electrical steel market include Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, Shandong Iron and Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc., ArcelorMittal, AnSteel Group Corporation, BaoSteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporation, Jindal Steel and Power Limited, and HBIS Group. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global electrical steel market has been segmented as follows:

Electrical Steel Market, by Type
Grain Oriented
Non-grain Oriented

Electrical Steel Market, by Application
Transformer
Inductor
Motor
Rotor
Stator
Others
Others

Electrical Steel Market, by End-user Industry
Automotive
Manufacturing
Energy
Household Appliances
Others

Electrical Steel Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa

Key Takeaways
Currently, Asia Pacific is a leading consumer as well as producer of electrical steel in terms of revenue and volume. This is ascribed primarily to the rise in urbanization and industrialization in developing economies such as China and India. The surplus of steel is significantly high due to overcapacity. This has led to closure of various steel mills in China. This is expected to impact the global supply as well as demand for electrical steel and counterparts.
The prices of steel plates, rebars, cold-rolled coils, and hot rolled coils have been rising across the globe. This trend is likely to continue in the near future.

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