Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to 2021

[191 Pages Report] The overall electrical steel market is expected to grow from USD 26.35 billion in 2015 to USD 38.98 billion by 2021, at a CAGR of 7.0% from 2016 to 2021. Electrical steel is a unique type of steel specialized to produce assured magnetic properties resulting in low core loss along with high permeability. Its unique properties are dependent on the proportion of silicon. Electrical steel is manufactured in the form of cold-rolled strips, with a thickness of less than 2 mm. These strips are called laminated strips and when stacked together they form a core. Electrical steel is also known as transformer steel and silicon steel. Electrical steel is being used in many applications such as transformer, motors, inductors and, and battery and wielding equipment’s. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Market Dynamics

Drivers

• Increasing urban population proliferate the demand for electrical steel
• High consumption rate of electrical steel in transformers and motors

Restraints

• Volatile price of raw material

Opportunities

• Upcoming regulations and government support

Challenges

• Safety and technological constraints

Increasing urban population drives the global electrical steel market

The increasing urban population worldwide is one of the most significant factors contributing to the demand for electrical steel products. In the preliminary stages of a country’s development, the demand for steel increases with new infrastructure requirement for improved connectivity and creation of new power grid networks. According to The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the total population in the Asia-Pacific region is expected to reach 5.1 billion by 2050, of which the urban population is projected to account for approximately 64%. Rise in population density in urban areas resulting in increasing construction activities, positive shift in buying behavior of individuals, and high disposable income of consumers are the factors that have contributed to the growth of this market. The increase in disposable income leads to the increase in demand for automobile such as cars and hybrid electric vehicles. These vehicles have components such as fuel pump, electrical power steering of the vehicle, and other electronic equipment in which electrical steel is used to generate electromagnetic effect.

The following are the major objectives of the study.

• To describe and forecast the electrical steel market, in terms of value, by type, application, end-use industry
• To describe and forecast the market, in terms of volume, by type, application, end-use industry
• To describe and forecast the electrical steel market, in terms of value and volume, by region–Asia Pacific (APAC), Europe, North America, South America, and Middle East & Africa along with their respective countries
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the electrical steel ecosystem
• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
• To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the electrical steel market

During this research study, major players operating in the electrical steel market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

To know about the assumptions considered for the study, download the pdf brochure

The electrical steel market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Key players considered in the analysis of the electrical steel market are as ArcelorMittal. (Luxembourg), POSCO (South Korea), Voestalpine Group (Austria), Baosteel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel Corporation (U.S.), Steel Authority of India Limited. (India), Tata Steel (India), JFE Steel Corporation (India), and Essar Steel (India).

Major Market Developments

• In February 2017, Arcelor Mittal formed a joint venture with Cellino Group to hold a 35% share. STEELCAME’s assets will consist of four former SoluStil sites in the Rhone-Alpes region, namely La Boisse, Trevoux, Arnas, Montelier, together with Stalobrex, a Polish steel processing business owned by ArcelorMittal. This will help strengthen its position in the competitive market..
• In September, 2016, Baosteel and Wuhan Iron & Steel (Group) Co. (China) merged to broaden the former’s product portfolio and strengthen its market position in the Chinese steel industry.
• In February, 2016, Nippon Steel & Sumitomo Metal Corporation (NSSMC) integrated its two consolidated subsidiaries, Siam United Steel (1995) Co., Ltd. (SUS) (Thailand), a manufacturer of cold-rolled steel sheets and Nippon Steel & Sumikin Galvanizing (Thailand) Co., Ltd. (NSGT), a manufacturer of hot-dip galvanized steel sheets for automobile. The main aim of this integration is to take advantage of their locations. This would enable the company to increase its competitiveness in the flat steel market of Thailand and the ASEAN region.

Target Audience:

• Raw material suppliers and producers
• Regulatory bodies
• Electric steel distributors/suppliers
• Local government
• Market research and consulting firms
• End users (energy, automobiles, industrial, and household appliances)

Report Scope:

By type:

• Grain-Oriented Electrical Steel
• Non-Grain Oriented Electrical Steel
  • Fully-Processed
  • Semi-Processed

By application:

• Transformers
  • Current
  • Power
• Distribution
• Motors
• Inductors
• Others(Battery, Wielding Equipment’s)

By end-use industry:

• Energy
• Automobiles
• Manufacturing
• Household Appliances
• Others (Construction, Fabrication)

By region:

•  North America
•  Europe
•  Asia-Pacific
•  Middle East and Africa
• Latin America

Critical questions which the report answers

• What are new application areas which the electrical steel are exploring?
• Which are the key players in the market and how intense is the competition?

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

Geographic Analysis

• Further country-wise breakdown of the market in APAC based on application

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Units
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Developing Economies to Witness Higher Demand for Electrical Steel
    4.2 Electrical Steel Market, By Type
    4.3 Electrical Steel Market, By Application
    4.4 Electrical Steel Market, By End-Use Industry
    4.5 Asia Pacific: Electrical Steel Market
    4.6 Electrical Steel Market: Regional Snapshot

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Urban Population Proliferate the Demand for Electrical Steel
                    5.3.1.2 High Consumption Rate of Electrical Steel in Transformers and Motors
           5.3.2 Restraints
                    5.3.2.1 Volatile Price of Raw Material
           5.3.3 Opportunities
                    5.3.3.1 Upcoming Regulations and Government Support
           5.3.4 Challenges
                    5.3.4.1 Safety and Technological Constraints
    5.4 Micro Economic Indicators

6 Electrical Steel Market, By Type (Page No. - 45)
    6.1 Introduction
    6.2 Non Grain-Oriented Steel
    6.3 Grain-Oriented Steel
           6.3.1 Fully Processed
           6.3.2 Semi-Processed

7 Electrical Steel Market, By Application (Page No. - 50)
    7.1 Introduction
           7.1.1 Transformers
                    7.1.1.1 Current Transformers
                    7.1.1.2 Power Transformers
                    7.1.1.3 Distribution Transformers
           7.1.2 Motors
           7.1.3 Inductors
           7.1.4 Others

8 Electrical Steel Market, By End-Use Industry (Page No. - 54)
    8.1 Introduction
           8.1.1 Energy
           8.1.2 Automobiles
           8.1.3 Manufacturing
           8.1.4 Household Appliances
           8.1.5 Others

9 Electrical Steel Market, By Region (Page No. - 58)
    9.1 Introduction
           9.1.1 Electrical Steel Market, By Type
           9.1.2 Electrical Steel Market, By Application
           9.1.3 Electrical Steel Market, By End-Use Industry
    9.2 North America
           9.2.1 North America: Electrical Steel Market, By Country
           9.2.2 North America: Electrical Steel Market, By Type
           9.2.3 North America: Electrical Steel Market, By Application
           9.2.4 North America: Electrical Steel Market, By End-Use Industry
           9.2.5 U.S.
                    9.2.5.1 U.S.: Electrical Steel Market, By Type
                    9.2.5.2 U.S.: Electrical Steel Market, By Application
                    9.2.5.3 U.S.: Electrical Steel Market, By End-Use Industry
           9.2.6 Canada
                    9.2.6.1 Canada: Electrical Steel Market, By Type
                    9.2.6.2 Canada: Electrical Steel Market, By Application
                    9.2.6.3 Canada: Electrical Steel Market, By End-Use Industry
           9.2.7 Mexico
                    9.2.7.1 Mexico: Electrical Steel Market, By Type
                    9.2.7.2 Mexico: Electrical Steel Market, By Application
                    9.2.7.3 Mexico: Electrical Steel Market, By End-Use Industry
    9.3 Europe
           9.3.1 Europe: Electrical Steel Market, By Country
           9.3.2 Europe: Electrical Steel Market, By Type
           9.3.3 Europe: Electrical Steel Market, By Application
           9.3.4 Europe: Electrical Steel Market, By End-Use Industry
           9.3.5 Germany
                    9.3.5.1 Germany: Electrical Steel Market, By Type
                    9.3.5.2 Germany: Electrical Steel Market, By Application
                    9.3.5.3 Germany: Electrical Steel Market, By End-Use Industry
           9.3.6 U.K.
                    9.3.6.1 U.K.: Electrical Steel Market, By Type
                    9.3.6.2 U.K.: Electrical Steel Market, By Application
                    9.3.6.3 U.K.: Electrical Steel Market, By End-Use Industry
           9.3.7 France
                    9.3.7.1 France: Electrical Steel Market, By Type
                    9.3.7.2 France: Electrical Steel Market, By Application
                    9.3.7.3 France: Electrical Steel Market, By End-Use Industry
           9.3.8 Russia
                    9.3.8.1 Russia: Electrical Steel Market, By Type
                    9.3.8.2 Russia: Electrical Steel Market, By Application
                    9.3.8.3 Russia: Electrical Steel Market, By End-Use Industry
           9.3.9 Rest of Europe
                    9.3.9.1 Rest of Europe: Electrical Steel Market, By Type
                    9.3.9.2 Rest of Europe: Electrical Steel Market, By Application
                    9.3.9.3 Rest of Europe: Electrical Steel Market, By End-Use Industry
    9.4 Asia-Pacific
           9.4.1 Asia-Pacific: Electrical Steel Market, By Country
           9.4.2 Asia-Pacific: Electrical Steel Market, By Type
           9.4.3 Asia-Pacific: Electrical Steel Market, By Application
           9.4.4 Asia-Pacific: Electrical Steel Market, By End-Use Industry
           9.4.5 China
                    9.4.5.1 China: Electrical Steel Market, By Type
                    9.4.5.2 China: Electrical Steel Market, By Application
                    9.4.5.3 China: Electrical Steel Market, By End-Use Industry
           9.4.6 India
                    9.4.6.1 India: Electrical Steel Market, By Type
                    9.4.6.2 India: Electrical Steel Market, By Application
                    9.4.6.3 India: Electrical Steel Market, By End-Use Industry
           9.4.7 Japan
                    9.4.7.1 Japan: Electrical Steel Market, By Type
                    9.4.7.2 Japan: Electrical Steel Market, By Application
                    9.4.7.3 Japan: Electrical Steel Market, By End-Use Industry
           9.4.8 South Korea
                    9.4.8.1 South Korea: Electrical Steel Market, By Type
                    9.4.8.2 South Korea: Electrical Steel Market, By Application
                    9.4.8.3 South Korea: Electrical Steel Market, By End-Use Industry
           9.4.9 Rest of Asia-Pacific
                    9.4.9.1 Rest of Asia-Pacific: Electrical Steel Market, By Type
                    9.4.9.2 Rest of Asia-Pacific: Electrical Steel Market, By Application
                    9.4.9.3 Rest of Asia-Pacific: Electrical Steel Market, By End-Use Industry
    9.5 Middle East & Africa
           9.5.1 Middle East & Africa: Electrical Steel Market, By Country
           9.5.2 Middle East & Africa: Electrical Steel Market, By Type
           9.5.3 Middle East & Africa: Electrical Steel Market, By Application
           9.5.4 Middle East & Africa: Electrical Steel Market, By End-Use Industry
           9.5.5 South Africa
                    9.5.5.1 South Africa: Electrical Steel Market, By Type
                    9.5.5.2 South Africa: Electrical Steel Market, By Application
                    9.5.5.3 South Africa: Electrical Steel Market, By End-Use Industry
           9.5.6 Saudi Arabia
                    9.5.6.1 Saudi Arabia: Electrical Steel Market, By Type
                    9.5.6.2 Saudi Arabia: Electrical Steel Market, By Application
                    9.5.6.3 Saudi Arabia: Electrical Steel Market, By End-Use Industry
           9.5.7 Egypt
                    9.5.7.1 Egypt: Electrical Steel Market, By Type
                    9.5.7.2 Egypt: Electrical Steel Market, By Application
                    9.5.7.3 Egypt: Electrical Steel Market, By End-Use Industry
           9.5.8 Qatar
                    9.5.8.1 Qatar: Electrical Steel Market, By Type
                    9.5.8.2 Qatar: Electrical Steel Market, By Application
                    9.5.8.3 Qatar: Electrical Steel Market, By End-Use Industry
           9.5.9 Rest of Middle East & Africa
                    9.5.9.1 Rest of Middle East & Africa: Electrical Steel Market, By Type
                    9.5.9.2 Rest of Middle East & Africa: Electrical Steel Market, By Application
                    9.5.9.3 Rest of Middle East & Africa: Electrical Steel Market, By End-Use Industry
    9.6 South America
           9.6.1 South America: Electrical Steel Market, By Country
           9.6.2 South America: Electrical Steel Market, By Type
           9.6.3 South America: Electrical Steel Market, By Application
           9.6.4 South America: Electrical Steel Market, By End-Use Industry
           9.6.5 Brazil
                    9.6.5.1 Brazil: Electrical Steel Market, By Type
                    9.6.5.2 Brazil: Electrical Steel Market, By Application
                    9.6.5.3 Brazil: Electrical Steel Market, By End-Use Industry
           9.6.6 Argentina
                    9.6.6.1 Argentina: Electrical Steel Market, By Type
                    9.6.6.2 Argentina: Electrical Steel Market, By Application
                    9.6.6.3 Argentina: Electrical Steel Market, By End-Use Industry
           9.6.7 Chile
                    9.6.7.1 Chile: Electrical Steel Market, By Type
                    9.6.7.2 Chile: Electrical Steel Market, By Application
                    9.6.7.3 Chile: Electrical Steel Market, By End-Use Industry
           9.6.8 Peru
                    9.6.8.1 Peru: Electrical Steel Market, By Type
                    9.6.8.2 Peru: Electrical Steel Market, By Application
                    9.6.8.3 Peru: Electrical Steel Market, By End-Use Industry
           9.6.9 Rest of South America
                    9.6.9.1 Rest of South America: Electrical Steel Market, By Type
                    9.6.9.2 Rest of South America: Electrical Steel Market, By Application
                    9.6.9.3 Rest of South America: Electrical Steel Market, By End-Use Industry

10 Competitive Landscape (Page No. - 153)
     10.1 Overview
     10.2 Competitive Situations & Trends
     10.3 Market Share of Leading Electrical Steel Manufacturing Companies
             10.3.1 Arcelormittal
             10.3.2 Posco
             10.3.3 Nippon Steel
             10.3.4 Baosteel
     10.4 Agreement & Contracts, Joint Ventures, and Collaborations
     10.5 Expansion & Investments
     10.6 New Product & Technology Launches
     10.7 Mergers & Acquisitions

11 Company Profile (Page No. - 161)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Arcelormittal
     11.3 Posco
     11.4 Voestalpine Group
     11.5 Baosteel
     11.6 Nippon Steel & Sumitomo Metal Corporation
     11.7 United States Steel Corporation
     11.8 Steel Authority of India Limited
     11.9 Tata Steel Limited
     11.10 JFE Steel Corporation
     11.11 Essar Steel
     11.12 Hebei Puyang Iron and Steel Group
     11.13 Jiangsu Shagang International Trade Co. Ltd.
     11.14 China Steel Corporation
     11.15 JSW Steel
     11.16 Wuhan Iron & Steel Corporation
     11.17 Thyssenkrupp AG
     11.18 Angang Steel Company Limited
     11.19 Electrosteel Limited
     11.20 Allengency Technologies
     11.21 Union Electric Steel Corporation

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 191)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (198 Tables)

Table 1 Electrical Steel Market Size, By Type, 2014–2021 (USD Billion)
Table 2 Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 3 Non Grain-Oriented Electrical Steel Market, By Type, 2014–2021 (USD Billion)
Table 4 Non Grain-Oriented Electrical Steel Market, By Type, 2014–2021 (KT)
Table 5 Electrical Steel Market Size, By Application, 2014–2021 (USD Billion )
Table 6 Electrical Steel Market Size, By Application, 2014–2021 (KT)
Table 7 Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 8 Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 9 Electrical Steel Market Size, By Region, 2014–2021 (USD Billion)
Table 10 Electrical Steel Market Size, By Region, 2014–2021 (KT)
Table 11 Electrical Steel Market Size, By Type, 2014–2021 (USD Billion)
Table 12 Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 13 Electrical Steel Market Size, By Application, 2014–2021 (USD Billion)
Table 14 Electrical Steel Market Size, By Application, 2014–2021 (KT)
Table 15 Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 16 Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 17 North America: By Market Size, By Country, 2014–2021 (USD Million)
Table 18 North America: By Market Size, By Country, 2014–2021 (KT)
Table 19 North America: By Market Size, By Type, 2014–2021 (USD Million)
Table 20 North America: By Market Size, By Type, 2014–2021 (KT)
Table 21 North America: By Market Size, By Application, 2014–2021 (USD Million)
Table 22 North America: By Market Size, By Application, 2014–2021 (KT)
Table 23 North America: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 24 North America: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 25 U.S.: Electrical Steel Market Size, By Type, 2014–2021 (USD Million)
Table 26 U.S.: Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 27 U.S.: Electrical Steel Market Size, By Application, 2014–2021 (USD Million)
Table 28 U.S.: Electrical Steel Market Size, By Application, 2014–2021
Table 29 U.S.: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 30 U.S.: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 31 Canada: By Market Size, By Type, 2014–2021 (USD Million)
Table 32 Canada: By Market Size, By Type, 2014–2021 (KT)
Table 33 Canada: By Market Size, By Application, 2014–2021 (USD Million)
Table 34 Canada: By Market Size, By Application, 2014–2021 (KT)
Table 35 Canada: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 36 Canada: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 37 Mexico: By Market Size, By Type, 2014–2021 (USD Million)
Table 38 Mexico: By Market Size, By Type, 2014–2021 (KT)
Table 39 Mexico: By Market Size, By Application, 2014–2021 (USD Million)
Table 40 Mexico : By  Market Size, By Application, 2014–2021 (KT)
Table 41 Mexico: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 42 Mexico: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 43 Europe: By Market Size, By Country, 2014–2021 (USD Million)
Table 44 Europe: By Market Size, By Country, 2014–2021 (KT)
Table 45 Europe: By Market Size, By Type, 2014–2021 (USD Million)
Table 46 Europe: By Market Size, By Type, 2014–2021 (KT)
Table 47 Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 48 Europe : By Market Size, By Application, 2014–2021 (KT)
Table 49 Europe: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 Europe: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 51 Germany: By Market Size, By Type, 2014–2021 (USD Million)
Table 52 Germany: By Market Size, By Type, 2014–2021 (KT)
Table 53 Germany: By Market Size, By Application, 2014–2021 (USD Million)
Table 54 Germany: By Market Size, By Application, 2014–2021 (KT)
Table 55 Germany: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 56 Germany: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 57 U.K.: By Market Size, By Type, 2014–2021 (USD Million)
Table 58 U.K.: By Market Size, By Type, 2014–2021 (KT)
Table 59 U.K.: By Market Size, By Application, 2014–2021 (USD Million)
Table 60 U.K.: By Market Size, By Application, 2014–2021 (KT)
Table 61 U.K.: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 62 U.K.: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 63 France: By Market Size, By Type, 2014–2021 (USD Million)
Table 64 France: By Market Size, By Type, 2014–2021 (KT)
Table 65 France: By Market Size, By Application, 2014–2021 (USD Million)
Table 66 France: By Market Size, By Application, 2014–2021 (KT)
Table 67 France: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 France: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 69 Russia: By Market Size, By Type, 2014–2021 (USD Million)
Table 70 Russia: By Market Size, By Type, 2014–2021 (KT)
Table 71 Russia: By Market Size, By Application, 2014–2021 (USD Million)
Table 72 Russia: By Market Size, By Application, 2014–2021 (KT)
Table 73 Russia: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 74 Russia: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 75 Rest of Europe: By Market Size, By Type, 2014–2021 (USD Million)
Table 76 Rest of Europe: By Market Size, By Type, 2014–2021 (KT)
Table 77 Rest of Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 78 Rest of Europe: By Market Size, By Application , 2014–2021 (KT)
Table 79 Rest of Europe: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 80 Rest of Europe: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 81 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 82 Asia-Pacific: By Market Size, By Country, 2014–2021 (KT)
Table 83 Asia-Pacific: By Market Size, By Type, 2014–2021 (USD Million)
Table 84 Asia-Pacific: By Market Size, By Type, 2014–2021 (KT)
Table 85 Asia-Pacific: By Market Size, By Application, 2014–2021 (USD Million)
Table 86 Asia-Pacific: By Market Size, By Application, 2014–2021 (KT)
Table 87 Asia-Pacific: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 88 Asia-Pacific: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 89 China: Electrical Steel Market Size, By Type, 2014–2021 (USD Million)
Table 90 China: Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 91 Electrical Steel Market Size, By Application, 2014–2021 (USD Million)
Table 92 China: By Market Size, By Application, 2014–2021
Table 93 China: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 94 China: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 95 India: By Market Size, By Type, 2014–2021 (USD Million)
Table 96 India: By Market Size, By Type, 2014–2021 (KT)
Table 97 India: By Market Size, By Application, 2014–2021 (USD Million)
Table 98 India: By Market Size, By Application, 2014–2021 (KT)
Table 99 India: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 100 India: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 101 Japan: By Market Size, By Type, 2014–2021 (USD Million)
Table 102 Japan: By Market Size, By Type, 2014–2021 (KT)
Table 103 Japan: By Market Size, By Application, 2014–2021 (USD Million)
Table 104 Japan: By Market Size, By Application 2014–2021 (KT)
Table 105 Japan: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 106 Japan: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 107 South Korea: By Market Size, By Type, 2014–2021 (USD Million)
Table 108 South Korea: By Market Size, By Type, 2014–2021 (KT)
Table 109 South Korea: By Market Size, By Application, 2014–2021 (USD Million)
Table 110 South Korea: By Market Size, By Application, 2014–2021 (KT)
Table 111 South Korea: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 112 South Korea By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 113 Rest of Asia-Pacific: By Market Size, By Type, 2014–2021 (USD Million)
Table 114 Rest of Asia-Pacific: By Market Size, By Type, 2014–2021 (KT)
Table 115 Rest of Asia-Pacific: By Market Size, By Application, 2014–2021 (USD Million)
Table 116 Rest of Asia-Pacific: By Market Size, By Application, 2014–2021 (KT)
Table 117 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 118 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 119 Middle East & Africa: By Market Size, By Country, 2014–2021 (USD Million)
Table 120 Middle East & Africa: By Market Size, By Country, 2014–2021 (KT)
Table 121 Middle East & Africa: By Market Size, By Type, 2014–2021 (USD Million)
Table 122 Middle East & Africa: By Market Size, By Type, 2014–2021 (KT)
Table 123 Middle East & Africa: By Market Size, By Application, 2014–2021 (USD Million)
Table 124 Middle East & Africa: By Market Size, By Application, 2014–2021 (KT)
Table 125 Middle East & Africa: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 126 Middle East & Africa: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 127 South Africa: By Market Size, By Type, 2014–2021 (USD Million)
Table 128 South Africa: By Market Size, By Type, 2014–2021 (KT)
Table 129 South Africa: By Market Size, By Application, 2014–2021 (USD Million)
Table 130 South Africa: By Market Size, By Application, 2014–2021 (KT)
Table 131 South Africa: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 132 South Africa: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 133 Saudi Arabia: By Market Size, By Type, 2014–2021 (USD Million)
Table 134 Saudi Arabia: By Market Size, By Type, 2014–2021 (KT)
Table 135 Saudi Arabia: By Market Size, By Application, 2014–2021 (USD Million)
Table 136 Saudi Arabia: By Market Size, By Application, 2014–2021 (KT)
Table 137 Saudi Arabia: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 138 Saudi Arabia: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 139 Egypt: By Market Size, By Type, 2014–2021 (USD Million)
Table 140 Egypt: By Market Size, By Type, 2014–2021 (KT)
Table 141 Egypt: By Market Size, By Application, 2014–2021 (USD Million)
Table 142 Egypt: By Market Size, By Application, 2014–2021 (KT)
Table 143 Egypt: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 144 Egypt: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 145 Qatar: By Market Size, By Type, 2014–2021 (USD Million)
Table 146 Qatar: By Market Size, By Type, 2014–2021 (KT)
Table 147 Qatar: By Market Size, By Application, 2014–2021 (USD Million)
Table 148 Qatar: By Market Size, By Application, 2014–2021 (KT)
Table 149 Qatar : By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 150 Qatar: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 151 Rest of Middle East & Africa: Electrical Steel Market Size, By Type, 2014–2021 (USD Million)
Table 152 Rest of Middle East & Africa: Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 153 Rest of Middle East & Africa: Electrical Steel Market Size, By Application, 2014–2021 (USD Million)
Table 154 Rest of Middle East & Africa: Electrical Steel Market Size, By Application, 2014–2021 (KT)
Table 155 Rest of Middle East & Africa: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 156 Rest of Middle East & Africa: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 157 South America: Electrical Steel Market Size, By Country, 2014–2021 (USD Million)
Table 158 South America: Electrical Steel Market Size, By Country, 2014–2021 (KT)
Table 159 South America: Electrical Steel Market Size, By Type, 2014–2021 (USD Million)
Table 160 South America: Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 161 South America: Electrical Steel Market Size, By Application, 2014–2021 (USD Million)
Table 162 South America: Electrical Steel Market Size, By Application, 2014–2021 (KT)
Table 163 South America: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 164 South America: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 165 Brazil: By Market Size, By Type, 2014–2021 (USD Million)
Table 166 Brazil: By Market Size, By Type, 2014–2021 (KT)
Table 167 Brazil: By Market Size, By Application, 2014–2021 (USD Million)
Table 168 Brazil: By Market Size, By Application, 2014–2021 (KT)
Table 169 Brazil: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 170 Brazil: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 171 Argentina: By Market Size, By Type, 2014–2021 (USD Million)
Table 172 Argentina: By Market Size, By Type, 2014–2021 (KT)
Table 173 Argentina: By Market Size, By Application, 2014–2021 (USD Million)
Table 174 Argentina: By Market Size, By Application, 2014–2021 (KT)
Table 175 Argentina: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 176 Argentina: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 177 Chile: By Market Size, By Type, 2014–2021 (USD Million)
Table 178 Chile: By Market Size, By Type, 2014–2021 (KT)
Table 179 Chile: By Market Size, By Application, 2014–2021 (USD Million)
Table 180 Chile: By Market Size, By Application, 2014–2021 (KT)
Table 181 Chile: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 182 Chile: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 183 Peru: Electrical Steel Market Size, By Type, 2014–2021 (USD Million)
Table 184 Peru: Electrical Steel Market Size, By Type, 2014–2021 (KT)
Table 185 Peru: Electrical Steel Market Size, By Application, 2014–2021 (USD Million)
Table 186 Peru: Electrical Steel Market Size, By Application, 2014–2021 (KT)
Table 187 Peru: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 188 Peru: Electrical Steel Market Size, By End-Use Industry, 2014–2021 (KT)
Table 189 Rest of South America: By Market Size, By Type, 2015–2021 (USD Million)
Table 190 Rest of South America: By Market Size, By Type, 2014–2021 (KT)
Table 191 Rest of South America: By Market Size, By Application, 2014–2021 (USD Million)
Table 192 Rest of South America: By Market Size, By Application, 2014–2021 (KT)
Table 193 Rest of South America: By Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 194 Rest of South America: By Market Size, By End-Use Industry, 2014–2021 (KT)
Table 195 Agreements & Contracts, Joint Ventures, and Collaborations Along With Expansion & Investment Have Fueled the Growth of the Electrical Steel Market, 2012– 2017
Table 196 Agreement & Contracts, Joint Ventures, and Collaborations, 2012–2017
Table 197 Expansion & Investments, 2012– 2017
Table 198 Mergers & Acquisitions, 2012– February 2017

List of Figures (42 Figures)

Figure 1 Electrical Steel: Market Segmentation
Figure 2 Electrical Steel Market, By Region
Figure 3 Electrical Steel Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Electrical Steel: Data Triangulation
Figure 7 Transformers Segment is Projected to Remain the Largest Application Segment Through 2021
Figure 8 Non-Grain-Oriented Segment is Projected to Account for the Largest Share in the Electrical Steel Market Through 2021
Figure 9 Energy is Expected to Lead the Market for Electrical Steel Through 2021
Figure 10 Asia-Pacific Dominated the Electrical Steel Market in 2015
Figure 11 Emerging Economies Offer Attractive Opportunities in the Electrical Steel Market
Figure 12 Grain-Oriented Segment to Lead the Market for Electrical Steel Market Through 2021
Figure 13 Transformers Segment to Grow at the Highest Rate During the Forecast Period
Figure 14 Energy Segment to Grow at the Highest Rate During the Forecast Period
Figure 15 Transformers Segment Captured the Largest Share in the Asia Pacific Market in 2016
Figure 16 Market in China is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 17 Evolution of the Electrical Steel Market
Figure 18 Electrical Steel: Market Segmentation
Figure 19 Non-Grain Oriented Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 20 Semi-Processed Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 21 Transformers Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 22 Energy Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 23 Geographic Snapshot (2016–2021): the Market in China is Projected to Grow at the Highest Rate, in Terms of Value
Figure 24 Asia-Pacific Electrical Steel Market Snapshot: China is Projected to Be the Fastest-Growing Market Between 2016 & 2021
Figure 25 2016 Was an Active Year for Companies in the Electrical Steel Market, in Terms of Number of Developments
Figure 26 Electrical Steel Market, By Shares of Electrical Steel Manufacturers, 2015
Figure 27 Agreements & Contracts, Joint Ventures, and Collaborations: the Key Strategies, 2012-2017
Figure 28 Arcelormittal: Company Snapshot
Figure 29 Arcelormittal: SWOT Analysis
Figure 30 Posco: Company Snapshot
Figure 31 Posco: SWOT Analysis
Figure 32 Voestalpine: Company Snapshot
Figure 33 Voestalpine: SWOT Analysis
Figure 34 Baosteel: Company Snapshot
Figure 35 Baosteel: SWOT Analysis
Figure 36 Nippon Steel & Sumitomo Metal Corporation: Company Snapshot
Figure 37 Nippon Steel & Sumitomo Metal Corporation: SWOT Analysis
Figure 38 United State Steel Corporation : Company Snapshot
Figure 39 Steel Authority of India Limited: Company Snapshot
Figure 40 Tata Steel Limited: Company Snapshot
Figure 41 JFE Steel Corporation: Company Snapshot
Figure 42 Essar Steel Limited: Company Snapshot

The overall electrical steel market is expected to grow from USD 27.84 billion in 2016 to USD 38.98 billion by 2021 at a CAGR of 7.0%. The electrical steel market is witnessing considerable growth due to advancements in technology and the high efficiency of electrical steel. The electrical steel market has immense opportunities due to the increasing demand from the power sector.

Electrical steel is a unique type of steel specialized to produce assured magnetic properties resulting in low core loss along with high permeability. Its unique properties are dependent on the proportion of silicon. Electrical steel is manufactured in the form of cold-rolled strips, with a thickness of less than 2 mm. These strips are called laminated strips and when stacked together they form a core. Electrical steel is also known as transformer steel and silicon steel.

The electrical steel market has been segmented, on the basis of type, into grain-oriented electrical steel and non grain-oriented electrical steel. The market for non grain-oriented steel is expected to grow at the highest CAGR between 2016 and 2021. The use of non grain-oriented steel reduces magnetic loss by increasing the concentration of silicon and aluminum in electrical steel sheets. Increase in the production of automobiles—where electrical steel is used as a core material in motor parts to improve the comfort, power performance, and fuel economy of automobiles—is expected to increase demand for non grain-oriented electrical steel products.

The electrical steel market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia-Pacific is projected to grow faster than any other region-level market, as it is the most widely populated region in the world, and subsequently witnesses a high demand for electricity. The transmission & distribution infrastructure in the region is in the initial stage of grid restructuring. China, Japan, and India, among others, are investing in grid expansion projects to increase grid reliability which drives the demand for transformers, which in turn would drive the electrical steel market as well.

Application of electrical steel in transformers drive the growth of electrical steel market

Energy

Electrical steel finds wide application in the power sector for generation, transmission, and distribution as well as in renewable energy. Electric steel is a key input for manufacturing of transformers which are crucial for generation, transmission, and distribution of electricity to end users. Gain-oriented electrical steel is an essential material for manufacturing of energy-efficient transformers and high-performance generators. Non gain-oriented steel is critical in the manufacturing of small transformers. With the continued growth in the infrastructure industry, the growth in the power sector is also expected to increase, which will eventually drive the electrical steel market.

Automobile

Electrical steel is used in functional automotive components such as fuel pumps and electrical power steering. Electrical steel is also used as a core material and precision motor part for motors and actuators to improve the comfort, power performance, and fuel economy of automobiles. Moreover, electrical steel sheets are used for cores of traction motors of hybrid electric vehicles and electric vehicles. The use of electrical steel in motors makes them small, light, powerful, and efficient. Thus, the demand for electrical sheets in the automobile industry is increasing. The use of electrical steel results in low iron losses and higher performance of motors, which serves global environmental protection and the needs of advanced automobile manufacturers.

Manufacturing

The manufacturing industry deals with processing, fabrication of products from raw materials, and commodities. It is closely connected with engineering design and engineering. It plays a vital role in the growth of the economy as anything from oil extraction to steel production falls within the manufacturing sector of business. Electrical steel is used to design motion control products such as electric actuators and DC motors, which are used in automation and in the food processing industry.

Household Application 

Non grain-oriented electrical steel consists of iron-silicon alloys with varying silicon contents and have similar magnetic properties in all directions in the plane of the sheet. They are principally used in electromagnetic applications. Many household electrical appliances use electromagnetism as a basic application for working. These include electric fans, door bells, and others.

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry applications for electrical steel?

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