Electrical Steel Market Report by Trends, Application & Geography – Analysis & Forecast to 2025 - PowerPoint PPT Presentation

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Electrical Steel Market Report by Trends, Application & Geography – Analysis & Forecast to 2025

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Global Electrical Steel Market Size 2019 by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automobile, Manufacturing, Household Appliances), Region, and Forecast to 2025 – PowerPoint PPT presentation

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Title: Electrical Steel Market Report by Trends, Application & Geography – Analysis & Forecast to 2025


1
Electrical Steel Market
  • Size 2019 by Type (Grain-oriented and Non
    Grain-oriented), Application (Transformers,
    Motors, Inductors), End-use Industry (Energy,
    Automobile, Manufacturing, Household Appliances),
    Region, and Forecast to 2025

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2
Global Electrical Steel Market Size and
Share-Global Forecast to 2025
  • The global electrical steel market was valued at
    over USD 21.0 billion in 2019 and is expected to
    grow with a CAGR of 6.5 from 2019 to 2025.
    Prevalent use of electrical steel owing to its
    increasing investment in infrastructure along
    with increasing urbanization are contributing
    factors driving the global electrical steel
    market.
  • Electrical steels are the most commonly used soft
    magnetic material for control applications.
    Electrical steel consists of grain- as well as
    non- grain electrical steels. They are practical
    materials for the generation, transmission, and
    delivery of electrical energy and electrical
    equipment.
  • The related magnetic properties magnetization
    activity and magnetic losses of
    non-grain-oriented electrical steels are
    determined by the strength of the texture
    components and by the inhomogeneity of the
    microstructure of the eventually processing
    material grain size distribution, precipitation,
    internal tension.
  • The number of processing steps and process
    parameters are strikingly different for non-grain
    oriented electrical steels compiled into
    grain-oriented electrical steels. Production
    after casting consists of hot rolling, cold
    rolling, and final annealing. Product and process
    advances in the field of non-grain-oriented
    electrical steels are defined, as in the case of
    grain-oriented electrical steels, by the
    adaptation of magnetic properties and other
    physical properties for special application areas
    as well as by technical innovations.

3
Global Electrical Steel Market Size and
Share-Global Forecast to 2025
  • The global electrical steel market has been
    segmented based on application, end-use industry,
    type and region. Based on type, the global
    electrical steel market is categorized into grain
    oriented and non-grain oriented. Grain-oriented
    electrical steel demand is likely to register
    significant gains over 6.2 CAGR by 2025. It
    increases the performance of the transformers by
    increasing output and raising the weight of the
    machinery. These products produce huge grain
    sizes that help minimize hysteresis degradation,
    are energy sensitive steel and are commonly used
    in transformers and generators. Rising global
    demand for energy and fast growth in the power
    sector will further boost demand for fuel
    products.
  • Global non-grain-oriented electrical steel
    industry size will reach USD 10.6 billion by 2025
    due to the increasing global demand for electric
    vehicles. Increasing demand for the production of
    vehicles has raised the demand for goods as a key
    ingredient in motor parts to improve the strength
    and fuel efficiency of vehicles and is expected
    to enhance the growth of the industry.
  • A number of industry players such as Voestalpine,
    ArcelorMittal Europe, MITSUI Co. and Arnold
    Magnetic Technologies have become less
    competitive and concentrated in global
    electricity steel market share. Manufacturers
    concentrate primarily on the production of new
    creative goods so that their product range can be
    extended and new customers can grow. The
    attention of the main players is growing over the
    years, thanks to a large number of customers in
    the region, to penetrate the South-East Asian
    markets.

4
Global Electrical Steel Market Size and
Share-Global Forecast to 2025
  • Key Segments of the Global Electrical Steel
    Market
  • Product Overview, 2015-2025 (USD Million) (Kilo
    Tons)
  • Grain Oriented
  • Non Grain-Oriented
  • Application Overview, 2015-2025 (USD Million)
    (Kilo Tons)
  • Transformers
  • Motors
  • Inductors
  • End-Use Overview, 2015-2025 (USD Million) (Kilo
    Tons)
  • Energy
  • Automotive
  • Manufacturing
  • Household Appliances
  • Regional Overview, 2015-2025 (USD Million) (Kilo
    Tons)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
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  • Phone 1 (214) 884-6068
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