Electrical Steel Market Size, Share & Trends Analysis Report By Product (Grain Oriented, Non-Grain Oriented), By Application (Transformers), By Region, And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global electrical steel market size is anticipated to reach USD 40.57 billion by 2025,expanding at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by the growing demand for transformers in the energy industry on account of high requirement of electricity in the industrial and commercial sector across the globe. Increasing usage of electrical appliances in the residential and commercial sectors is expected to further propel the demand for transformers, thus, complimenting industry growth.

The demand for transformers is likely to increase owing to the increase in utilization of energy sources due to rising consumption of electricity and other new projects such as electric vehicle charging stations. Electrical steel is used to construct transformer cores owing to its properties such as electrical resistivity, strength, and hardness.

Favorable regulatory policies play a major role in the market growth. Regulatory bodies across the globe are largely focusing on augmenting energy efficiency and reducing losses in transformers. Increasing focus on energy conservation and reduction in carbon dioxide emission is anticipated to boost the product demand over the coming years.

Asia Pacific was the largest segment in terms of volume followed by Europe and North America in 2018. According to the International Energy Agency, Asia Pacific is the largest consumer of electricity and is expected to consume 46% of the world's energy by 2040. This is likely to fuel the demand for transformers, which in turn is expected to augment the market growth in the region over the coming years.

Market players are adopting strategies such as mergers & acquisitions and capacity expansions in order to increase their market share and to strengthen their presence. In September 2019, JFE Shoji Trade Corporation acquired Cogent Power Inc., a transformer core manufacturer in Canada. With the acquisition, JFE Shoji Trade Corporation is likely to enhance the product portfolio and the geographical presence.

Further Key Findings from the Report Suggest:

• Grain oriented electrical steel is anticipated to register a CAGR of 7.9% in terms of revenue over the forecast period, owing to growing demand from transformer cores. Increasing implementation of energy infrastructure in emerging economies is expected to propel transformer market demand over the forecast period.

• Motors segment is expected to witness a CAGR of 6.0% in terms of volume owing to rapid growth in electric vehicles. Increasing awareness regarding benefits of EV's and HEV's on a global level coupled with stringent emission standards being adopted by various regulatory bodies is expected to result in high demand for motors.

• Asia Pacific was the largest segment in 2018 accounting for a volume share of 40.2% in the electrical steel market owing to growing demand from the manufacturing industry. Government initiatives such as "Make in India" are expected to fuel market gowith.

• In April 2018, ThyssenKrupp announced to manufacture cold rolled grain oriented electrical steel at its plant in Nashik, India. The new addition in the product portfolio rises the production capacity to 35,000 tons annually. This was aimed to meet the growing demand for the product in the Indian market.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market segmentation & scope
                    1.2. Market definition
                    1.3. Information procurement
                        1.3.1 Purchased database
                        1.3.2. GVR's internal database
                        1.3.3. Secondary sources & third-party perspectives
                        1.3.4. Primary research
                    1.4. Information analysis
                        1.4.1 Data analysis models
                    1.5. Market formulation & data visualization
                    1.6. Data validation & publishing
Chapter 2. Executive Summary
                    2.1. Market snapshot
Chapter 3. Electrical Steel Market Variables, Trends & Scope
                    3.1. Global electrical steel market outlook
                    3.2. Penetration & growth prospect mapping
                    3.3. Industry value chain analysis
                        3.3.1. Technology trends
                        3.3.2. Manufacturing trends
                    3.4. Regulatory framework
                        3.4.1. Standard & compliances
                        3.4.2. Safety
                    3.5. Market dynamics
                        3.5.1. Market driver analysis
                            3.5.1.1. Rising demand for electric vehicles
                            3.5.1.2. Growth of energy industry
                        3.5.2. Market restraint analysis
                            3.5.2.1. Availability of substitutes
                    3.6. Business environment analysis: electrical steel market
                        3.6.1. Industry analysis - porter's
                        3.6.2. PESTEL analysis
Chapter 4. Electrical Steel Market: Product Estimates & Trend Analysis
                    4.1. Definition & scope
                    4.2. Product movement analysis & market share, 2018 & 2025
                    4.3. Market size & forecasts and trend analysis, 2014 to 2025
                        4.3.1. Grain oriented
                            4.3.1.1. Market estimates & forecast, 2014 - 2025
                        4.3.2. Non-grain oriented
                            4.3.2.1. Market estimates & forecast, 2014 - 2025
Chapter 5. Electrical Steel Market: Application Estimates & Trend Analysis
                    5.1. Definition & Scope
                    5.2. Application Movement Analysis & Market Share, 2018 & 2025
                    5.3. Market size & forecasts and trend analysis, 2014 to 2025
                        5.3.1. Transformers
                            5.3.1.1. Market estimates & forecast, 2014 - 2025
                        5.3.2. Motors
                            5.3.2.1. Market estimates & forecast, 2014 - 2025
                        5.3.3. Inductors
                            5.3.3.1. Market estimates & forecast, 2014 - 2025
                        5.3.4. Other applications
                            5.3.4.1. Market estimates & forecast, 2014 - 2025
Chapter 6. Electrical Steel Market: Regional Estimates & Trend Analysis
                    6.1. Regional Market Snapshot
                    6.2. Market Size & Forecasts and Trend Analysis, 2014 to 2025
                        6.2.1. North America
                            6.2.1.1. Market estimates & forecast, 2014 - 2025
                            6.2.1.2. Market estimates & forecast, by product, 2014 - 2025
                            6.2.1.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.1.4. U.S.
                                6.2.1.4.1. Market estimates & forecast, 2014 - 2025
                                6.2.1.4.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.1.4.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.1.5. Canada
                                6.2.1.5.1. Market estimates & forecast, 2014 - 2025
                                6.2.1.5.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.1.5.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.1.6. Mexico
                                6.2.1.6.1. Market estimates & forecast, 2014 - 2025
                                6.2.1.6.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.1.6.3. Market estimates & forecast, by application, 2014 - 2025
                        6.2.2. Europe
                            6.2.2.1. Market estimates & forecast, 2014 - 2025
                            6.2.2.2. Market estimates & forecast, by product, 2014 - 2025
                            6.2.2.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.2.4. Germany
                                6.2.2.4.1. Market estimates & forecast, 2014 - 2025
                                6.2.2.4.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.2.4.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.2.5. Russia
                                6.2.2.5.1. Market estimates & forecast, 2014 - 2025
                                6.2.2.5.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.2.5.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.2.6. Turkey
                                6.2.2.6.1. Market estimates & forecast, 2014 - 2025
                                6.2.2.6.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.2.6.3. Market estimates & forecast, by application, 2014 - 2025
                        6.2.3. Asia Pacific
                            6.2.3.1. Market estimates & forecast, 2014 - 2025
                            6.2.3.2. Market estimates & forecast, by product, 2014 - 2025
                            6.2.3.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.3.4. China
                                6.2.3.4.1. Market estimates & forecast, 2014 - 2025
                                6.2.3.4.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.3.4.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.3.5. India
                                6.2.3.5.1. Market estimates & forecast, 2014 - 2025
                                6.2.3.5.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.3.5.3. Market estimates & forecast, by application, 2014 - 2025
                        6.2.4. Central & South America
                            6.2.4.1. Market estimates & forecast, 2014 - 2025
                            6.2.4.2. Market estimates & forecast, by product, 2014 - 2025
                            6.2.4.3. Market estimates & forecast, by application, 2014 - 2025
                            6.2.4.4. Brazil
                                6.2.4.4.1. Market estimates & forecast, 2014 - 2025
                                6.2.4.4.2. Market estimates & forecast, by product, 2014 - 2025
                                6.2.4.4.3. Market estimates & forecast, by application, 2014 - 2025
                        6.2.5. Middle East & Africa
                            6.2.5.1. Market estimates & forecast, 2014 - 2025
                            6.2.5.2. Market estimates & forecast, by product, 2014 - 2025
                            6.2.5.3. Market estimates & forecast, by application, 2014 - 2025
Chapter 7. Electrical Steel Market - Competitive Analysis
                    7.1. Key global players & recent developments & their impact on the industry
                    7.2. Vendor Landscape
                        7.2.1. List of manufacturers/suppliers
                        7.2.2. List of end-users
                    7.3. SWOT, for top 3 players
Chapter 8. Company profiles
                    8.1. ArcelorMittal
                        8.1.1. Company overview
                        8.1.2. Financial performance
                        8.1.3. Product benchmarking
                        8.1.4. Strategic initiatives
                    8.2. POSCO
                        8.2.1. Company overview
                        8.2.2. Financial performance
                        8.2.3. Product benchmarking
                        8.2.4. Strategic initiatives
                    8.3. ThyssenKrupp AG
                        8.3.1. Company overview
                        8.3.2. Financial performance
                        8.3.3. Product benchmarking
                        8.3.4. Strategic initiatives
                    8.4. JFE Steel Corporation
                        8.4.1. Company overview
                        8.4.2. Financial performance
                        8.4.3. Product benchmarking
                        8.4.4. Strategic initiatives
                    8.5. Arnold Magnetic Technologies
                        8.5.1. Company overview
                        8.5.2. Financial performance
                        8.5.3. Product benchmarking
                        8.5.4. Strategic initiatives
                    8.6. AK Steel Corporation
                        8.6.1. Company overview
                        8.6.2. Financial performance
                        8.6.3. Product benchmarking
                        8.6.4. Strategic initiatives
                    8.7. Nippon Steel Corporation
                        8.7.1. Company overview
                        8.7.2. Financial performance
                        8.7.3. Product benchmarking
                        8.7.4. Strategic initiatives
                    8.8. Sumitomo Corporation
                        8.8.1. Company overview
                        8.8.2. Financial performance
                        8.8.3. Product benchmarking
                        8.8.4. Strategic initiatives
                    8.9. Tata Steel
                        8.9.1. Company overview
                        8.9.2. Financial performance
                        8.9.3. Product benchmarking
                        8.9.4. Strategic initiatives
                    8.10. China Steel Corporation
                        8.10.1. Company overview
                        8.10.2. Financial performance
                        8.10.3. Product benchmarking
                        8.10.4. Strategic initiatives
                    8.11. United States Steel Corporation
                        8.11.1. Company overview
                        8.11.2. Financial performance
                        8.11.3. Product benchmarking
                        8.11.4. Strategic initiatives
                    8.12. Steel Authority of India Limited (SAIL)
                        8.12.1. Company overview
                        8.12.2. Financial performance
                        8.12.3. Product benchmarking
                        8.12.4. Strategic initiatives
                    8.13. Ansteel Group Corporation Limited
                        8.13.1. Company overview
                        8.13.2. Financial performance
                        8.13.3. Product benchmarking
                        8.13.4. Strategic initiatives
                    8.14. Baosteel Co., Ltd.
                        8.14.1. Company overview
                        8.14.2. Financial performance
                        8.14.3. Product benchmarking
                        8.14.4. Strategic initiatives

List of Tables

Table 1. Grain oriented electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 2. Non-grain oriented electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 3. Electrical steel market estimates and forecasts, in transformers, 2014 - 2025 (Kilotons) (USD Million)
Table 4. Electrical steel market estimates and forecasts, in motors, 2014 - 2025 (Kilotons) (USD Million)
Table 5. Electrical steel market estimates and forecasts, in inductors, 2014 - 2025 (Kilotons) (USD Million)
Table 6. Electrical steel market estimates and forecasts, in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 7. North America electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 8. North America electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 9. North America electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 10. North America electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 11. North America electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 12. U.S. electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 13. U.S. electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 14. U.S. electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 15. U.S. electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 16. U.S. electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 17. Canada electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 18. Canada electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 19. Canada electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 20. Canada electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 21. Canada electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 22. Mexico electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 23. Mexico electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 24. Mexico electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 25. Mexico electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 26. Mexico electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 27. Europe electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 28. Europe electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 29. Europe electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 30. Europe electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 31. Europe electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 32. Germany electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 33. Germany electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 34. Germany electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 35. Germany electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 36. Germany electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 37. Russia electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 38. Russia electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 39. Russia electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 40. Russia electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 41. Russia electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 42. Turkey electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 43. Turkey electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 44. Turkey electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 45. Turkey electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 46. Turkey electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 47. Asia Pacific electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 48. Asia Pacific electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 49. Asia Pacific electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 50. Asia Pacific electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 51. Asia Pacific electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 52. China electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 53. China electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 54. China electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 55. China electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 56. China electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 57. India electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 58. India electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 59. India electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 60. India electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 61. India electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 62. Central & South America electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 63. Central & South America electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 64. Central & South America electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 65. Central & South America electrical steel market estimates and forecasts, application, 2014 - 2025 (Kilotons)
Table 66. Central & South America electrical steel market estimates and forecasts, application, 2014 - 2025 (USD Million)
Table 67. Brazil electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 68. Brazil electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 69. Brazil electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 70. Brazil electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 71. Brazil electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 72. Middle East & Africa electrical steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 73. Middle East & Africa electrical steel market estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 74. Middle East & Africa electrical steel market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 75. Middle East & Africa electrical steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 76. Middle East & Africa electrical steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)

List of Figures

Fig. 1 Electrical steel market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validation & publishing
Fig. 6 Electrical steel market snapshot
Fig. 7 Global electrical steel market outlook, 2014 - 2025 (Kilotons) (USD Million)
Fig. 8 Electrical steel market value chain analysis
Fig. 9 Electrical steel market driver relevance analysis (current & future impact)
Fig. 10 Electrical steel market restraint relevance analysis (current & future impact)
Fig. 11 Electrical steel market PESTEL analysis
Fig. 12 Electrical steel market Porter's analysis
Fig. 13 Electrical steel market: Product movement analysis, 2018 & 2025
Fig. 14 Electrical steel market: Application movement analysis, 2018 & 2025
Fig. 15 Regional market snapshot
Fig. 16 Electrical steel market: Regional movement analysis, 2018 & 2025