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

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