Electrical Steel Market

2019 Analysis and Review of Electrical Steel Market by Steel Type - Grain-Oriented, Non-grain Oriented, Full Processed, Semi Processed for 2019-2026

  • 2020-01-14
  • REP-GB-883
  • 41 Tables
  • 291 Figures
  • 385 pages
  • PDF PPT EXCEL
Electrical Steel Market

An Incisive, In-depth Analysis on the Electrical Steel Market

This study offers a comprehensive, 360 degree analysis on the Electrical Steel market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Electrical Steel market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Key Factors Shaping Electrical Steel Market

Increasing Application in Supercars (High Speed Cars) & Consumer Appliances to Propel Market Growth

The significant growth in application of electric steel across high speed cars/supercars due to its superior properties that enable reduction of hysteresis loss in high speed electric motors is expected to drive the global electrical steel market by end of forecast period. Furthermore, electrical steel is used in high power consumer appliances such as air conditioners, refrigerators, and high power coolers. Manufacturer of consumer appliances are focusing on using electrical steel that is environment-friendly (has less heat losses) instead of regular steel, which enables energy saving of around 15% to 30%.

Increasing Demand for GO and NGO products

Increasing global population, rising per-capita spending and rapid industrialization has led to an increase in power and energy consumption globally. However, stringent governmental regulations regarding CO2 emission, focus on energy efficiency, and environment sustainability are key factors driving growth of both grain oriented (GO) and non-grain oriented (NGO) electrical steel, to be used in high power transformers and motors, particularly for power transmission and distribution purposes.

  • Major key market players such as Tata Steel Limited and thyssenKrupp AG are focusing on safe and environment-friendly materials. Tata Steel’s chrome-free phosphate insulation coating is applied to its entire range of grain-oriented products, thereby eliminating the risk from hexavalent chrome and delivering superior insulation coating, which are safe and environment-friendly. Other clean and environment-friendly materials used are ‘Suralac 7000FF – a formaldehyde-free organic coating, and Suralac 9000. thyssenKrupp AG electrical steel’s innovative hi-tech electrical steel cores include PowerCore C and PowerCore H.

Surface Deposition Technique to Increase Silicon or Aluminum Content

Current trends in the electrical steel industry is to increase electrical resistivity and ultimately reduce magnetic losses, which can be achieved by increasing the concentration of silicon and/or aluminium in electrical steel sheets. Manufacturers are currently adopting this method to increase the concentration of silicon and/or aluminium on a low silicon or aluminium steel substrate. Surface deposition can be done by immersion in molten silicon/ aluminium, and then by its diffusion in the annealing process. Diffusion modifies the microstructural properties of the metal and enhances mechanical and magnetic properties.

Key Challenge in Electrical Steel Market

Replacement of Magnetic Ballasts with Electronic Ballasts

Lighting ballasts are devices, which ensure that electric lamps receive the right amount of electricity at the initial stage of starting and during operations of electric lamps. Previously, electrical steel transformers were used for magnetic ballasts. Recently however, electronic ballasts have replaced magnetic ballasts to ensure better efficiency, and electronic ballasts do not require transformers for efficient operation, as these work on the principle of electronic gas discharge. Hence, replacement of magnetic ballasts with electronic ballasts is expected to have negative impact on growth of the global electrical steel market currently, as well as in the foreseeable future.

Electrical Steel Market: Structure Analysis

  • The global electrical steel market is a moderately fragmented market, owing to the presence of more number of players in the global market.
  • Manufacturers operating in the electrical steel market are focusing on business expansion through mergers, collaborations, partnerships, and joint ventures. Key market players focus on strategies such as offering customized products and enlargement of distribution channels, which will help increase sales of electric steel.
  • Major players in the electrical steel market include Novolipetsk Steel, thyssenkrupp AG, JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, POSCO, Cogent Power Limited, Aperam, Baosteel Group, voestalpine Stahl GmbH, AK Steel Corporation, ATI, and Schneider Electric.

Electrical Steel Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2026

A newly published market research report by Future Market Insights on the electrical steel market comprises the global industry analysis for 2014-2018 and opportunity assessment 2019-2026. The report includes a compressive assessment of relevant and related market dynamics. After conducting a complete analysis on the historical as well as current growth prospective of the electrical steel market, the growth predictions of the market are obtained with maximum accuracy.

Electrical Steel Market: Segmentation

The global Electrical Steel market is segmented into in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Steel Type

Application

Region

  • Grain-Oriented
  • Non-grain Oriented
    • Full Processed
    • Semi Processed
  • Transformer
    • Distribution
    • Transmission
    • Portable
  • Motors
    • 1hp - 100 hp
    • 101 hp - 200 hp
    • 201 hp - 500 hp
    • 501hp - 1000 hp
    • Active 1001 hp
  • Inductors
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • MEA
  • Japan

Report Chapters

Chapter 01 – Executive Summary

The report begins with the executive summary of the Electrical Steel market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the electrical steel market.

Chapter 02 – Market Overview

Readers can find detailed segmentation and definition of the electrical steel market in this chapter, which will help them understand the basic information about the electrical steel market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the electrical steel market report.

Chapter 03 – Key Market Trends

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with the key market developments and product innovations.

Chapter 04 – Key Success Factors

This section includes key inclusions of the report. It includes the product adoption & usage analysis, & opportunity analysis, and manufacturers’ strategies for expansion in the market.

Chapter 05 – Global Electrical Steel Market: Demand (Volume in ‘000 Tons) Analysis 2014-2018 and Forecast 2019-2026

This section explains the global market volume analysis and forecast for the electrical steel market during the forecast period 2019-2026.

Chapter 06 – Global Electrical Steel Market: Pricing Analysis

This section highlights the average price of glass fiber composite, natural fiber composite, carbon fiber composite, aramid fiber composite and others. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section.

Chapter 07 – Global Electrical Steel Market: Demand (Value or Size in US$ Mn) Analysis 2014-2018 and Forecast 2019-2026

This section explains the global market value analysis and forecast for the electrical steel market during 2014-2026. This chapter includes detailed analysis of the historical electrical steel market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2026).

Chapter 08 – Market Background

This chapter explains the key macroeconomic factors that are expected to influence the growth of the electrical steel market during the forecast period. Along with the macroeconomic factors, this section highlights the opportunity analysis for the electrical steel market. This chapter also highlights the key market dynamics of the electrical steel market such as drivers, restraints, trends, and opportunities. Moreover, readers will understand key trends followed by prominent manufacturers in the electrical steel market.

Chapter 09 – Global Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026, By Steel Type

Based on steel type, the electrical steel market is segmented into grain oriented and non-grain oriented electrical steel. In this chapter, readers can find information about the key trends and developments in the electrical steel market and market attractiveness analysis based on material.

Chapter 10 – Global Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026, By Application

This chapter provides details about the electrical steel market on the basis of applications – transformer, motors, and Inductors. In this chapter, readers can understand the market attractiveness analysis based on the resin.

Chapter 11 – Global Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026, by Region

This chapter explains how the electrical steel market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, Middle East & Africa, China, Japan and India.

Chapter 12 – North America Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

This chapter includes detailed analysis of the growth of the North America electrical steel market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on countries in North America.

Chapter 13 – Latin America Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America electrical steel market. This chapter also includes the growth prospects of the electrical steel market in prominent countries in Latin America such as Brazil, Mexico, and the Rest of Latin America.

Chapter 14 – Western Europe Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Important growth prospects of the electrical steel market based on its Applications in several countries such as Germany, the U.K, France, Italy, Spain, BENELUX, and Rest of Western Europe are included in this chapter.

Chapter 15 – Eastern Europe Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Important growth prospects of the electrical steel market based on its applications in several countries such as Russia, Poland and Rest of Eastern Europe are included in this chapter.

Chapter 16 – South East Asia & Pacific Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

In this chapter, Indonesia, Philippines, Thailand, Malaysia, Oceania, and the Rest of South East Asia & Pacific are prominent countries in the South East Asia & Pacific region that are the prime subjects of assessment to obtain growth prospects of the electrical steel market. Readers can find detailed information about the growth parameters of the South East Asia & Pacific electrical steel market during the forecast period of 2019-2026.

Chapter 17 – MEA Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

This chapter provides information about how the electrical steel market will grow in major countries in the MEA region such as South Africa, Turkey, and the Rest of MEA during the forecast period of 2019-2026.

Chapter 18 – China Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the China electrical steel market.

Chapter 19 – Japan Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Japan electrical steel market.

Chapter 20 – India Electrical Steel Market Analysis 2014-2018 & Forecast 2019-2026

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the India electrical steel market

Chapter 21 – Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the electrical steel market, along with their market presence analysis by region and product portfolio.

Chapter 22 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the electrical steel market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are as Mitsubishi Chemical, Teijin Limited, SGL Carbon SE, Solvay Group (Cytec Solvay Group), Holding Toray Industries Inc., among others.

Chapter 23 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the electrical steel market report.

Chapter 24 – Research Methodology

This chapter help readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the electrical steel market.

Sources and Primary Research Splits (%)

Primary Research

Secondary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Adoption of Automotive composite
  • Average Selling Price (US$) and Market Growth
  • Key Developments
  • Key Trends and Opportunities
  • Regional wise Dynamics
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies
  • Company Press Release
  • Published Trade Data
  • Quarterly Financial Statements, 10-K & 10-Q Filings, Factiva, Morning Star
  • Annual Reports/SEC filings/Investor Presentations/Earning Call Transcript
  • Industry Journals
  • Press Information and Data Released by Exhibitions Conducted by Associations, etc.
  • OCIA

Electrical Steel Market Reports - Table of Contents

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