Electrical Steel Market

Electrical Steel Market by Type (non-grain-oriented and grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automotive, Manufacturing, Household Appliances) and Region - Global Forecasts to 2026

Report Code: MM 5145 Jan, 2022, by marketsandmarkets.com

[214 Pages Report] The global electrical steel market size is estimated at USD 33.8 billion in 2021 and is projected to reach USD 45.8 billion by 2026, at a CAGR of 6.3%. The electrical steel market is expected to witness significant growth in the future as electrical steel is a type of steel specialized in producing assured magnetic properties resulting in low core loss, along with high permeability. The unique properties of electrical steel are dependent on the proportion of silicon in it and addition of silicon increases resistivity, improves permeability, and decreases hysteresis loss. However, factors such as high production cost and capital investment of electrical steel may inhibit the growth of the market.

Electrical Steel Market

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COVID-19 impact on global electrical steel market

As COVID-19 began closing non-essential businesses and shutting down borders in late March 2020, several companies in the electrical steel market created industry surveys to offer some indicating metrics about the impact of Covid-19 on electrical steel manufacturers, material suppliers, and machinery manufacturers. Industries deemed essential were working with capacity levels approaching 95%. Automotive and energy industries are some of the sectors seeing increasing demand.

Electrical steel Market Dynamics

Driver: High consumption rate of electrical steel in transformers and motors

The increasing global automobile production is a major factor driving the growth of the global electrical steel market. The production is rising year-on-year. The deployment of electrical steel in automotive cars increases a vehicle’s fuel efficiency, thus driving the consumption of electrical steel in the automotive industry. The increasing demand for electric and hybrid vehicles is expected to further boost the growth of the electrical steel market during the forecast period. Energy conservation is a new trend in the electrical steel market. Rising electricity consumption and the increasing need for industrial development are the major drivers boosting the demand for transformers, thus driving the market. Electrical steel is mainly used in the power sector because of its high magnetic permeability.

Restraint: Volatile prices of raw material

The steel industry mainly relies on the supply of raw materials for the production and processing of steel products. Major raw materials required for steel production include iron ore, coal, industrial gases, and ferroalloys. If raw materials are reasonably priced, steel production and steel processing operations can be carried out smoothly. However, the prices of raw materials are highly volatile. An increase in raw material prices impacts the production costs of steel, thereby resulting in inflated prices of finished steel products, such as grain-oriented electrical steel and non-grain-oriented electrical steel.

Opportunity: Upcoming regulations and government support

The rules and regulations in emerging economies, such as India, China, and Brazil, are not as stringent as compared to those in the US and Western European countries. The size of the automotive industry in these countries is not only huge but also growing at a significant rate. These countries will be major destinations for electrical steel market players with the regulations in place. Governmental bodies also emphasize on the reduction of carbon emissions from vehicles. They are conducting research & development (R&D) on new materials and are supporting the use of electrical steel not only for electric vehicles but also for heavy construction equipment and passenger vehicle.

Challenge:  Safety and technological constants

There are safety concerns that manufacturers have to address before using electrical steel. Safety regulations have accelerated the use or incorporation of advanced electrical steel into transformers, motors, and insulators, thereby posing a challenge to the electrical steel market. The National Highway Traffic Safety Administration, US, has set the standards for vehicle safety, such as those for impact resistance and fuel economy. Various kinds of testing by the Insurance Institute for Highway Safety (IIHS) have encouraged improved frontal and rear impact ratings, as well as improvements in the motor for automobiles on the road. Meeting all the standards to manufacture motors with all the required specifications often becomes very difficult, which requires extra R&D and cost. Thus, safety and technological standards often create challenges in the electrical steel market.

Non-grain-oriented widely preferred type of electrical steel

The use of non-grain-oriented steel reduces magnetic losses by increasing the concentration of silicon and aluminium in electrical steel sheets. An 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 the demand for non-grain-oriented electrical steel products.

Significant increase in the demand for electrical steel in manufacturing sector

 On the basis of end-use industry, manufacturing sector is projected to be the largest segment in the electrical steel market during the forecast period. The growth of this segment is mainly attributed to the fact that the growth of economies across the globe, which is directly linked to the growth of the manufacturing sector. In addition, the growing industrialization in developed & developing economies is also expected to further drive the market for electrical steel.

Transformers most preferred application of electrical steel

Based on application, the transformers segment is projected to be the largest segment in the electrical steel market. The growth of this segment is mainly attributed to the high demand for electrical steel as it is used in power generation, transmission, and distribution industries. Electrical steel is used in electrical transformer cores and other electrical devices owing to the low hysteresis loss, high permeability, and high resistance it offers. It is used to make iron cores of motors. These cores concentrate the magnetic field and make the electromagnet stronger. Electrical steel is also used in the manufacturing of cores of inductors that are used extensively with capacitors and resistors to create filters for analog circuits and in signal processing.

APAC region to lead the global electrical steel market by 2026

The APAC region accounted for the largest market share in 2020. The demand for electrical steel in APAC is mainly driven by China, India, and ASEAN countries, which are experiencing substantial growth in the automotive industries. The growth of these industries is backed by the increasing public and private sector investments, increasing population, growing economy, and high disposable income.

Electrical Steel Market by Region

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Key Market Players

The electrical steel market is dominated by a few globally established players, such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Baosteel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel Corporation (United States), SAIL (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million) and Volume (Kilotons)

Segments covered

Type, End Use Industry, Application, and Region

Geographies covered

North America, APAC, Europe, Middle East & Africa, and South America

Companies covered

ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Baosteel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel Corporation (United States), SAIL (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others.
20 manufacturers and 5 suppliers are covered in the electrical steel market.

This research report categorizes the electrical steel market based on type, end-use industry, application, and region.

On the basis of type:

  • Grain-oriented
  • Non-grain-oriented

On the basis of end use industry:

  • Energy
  • Automotive
  • Household Appliances
  • Manufacturing
  • Others

On the basis of application:

  • Transformers
  • Motors
  • Inductors
  • Others

On the basis of region:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

Recent Developments:

  • In December 2019, ArcelorMittal and Nippon Steel completed the joint acquisition of Essar Steel India Limited (ESIL). The acquisition helped the company to increase production levels and operational efficiency. It also helped to strengthen its presence in India by capitalizing on increasing steel consumption in the country.
  • In May 2019, POSCO signed an MoU with the Korean Venture Capital Association (KVCA) and the Ministry of SMEs and Startups (MSS) for initiating the POSCO Venture Platform. Under the agreement, POSCO invested in R&D projects and startups.
  • In May 2019, Voestalpine AG opened a high-tech steel research facility in Donawitz, Austria. It extended the company’s technological leadership in sophisticated product solutions in steel.
  • In March 2019, Nippon Steel & Sumitomo Metal Corp acquired a 51% stake in Sanyo Special Steel Co. Ltd.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE
           FIGURE 1 ELECTRICAL STEEL MARKET SEGMENTATION
           1.4.1 YEARS CONSIDERED
           1.4.2 REGIONAL SCOPE
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 LIMITATIONS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 ELECTRICAL STEEL MARKET: RESEARCH DESIGN
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 BASE NUMBER CALCULATION APPROACH 1
           FIGURE 4 BASE NUMBER CALCULATION APPROACH 2
    2.3 MARKET ENGINEERING PROCESS
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 ELECTRICAL STEEL MARKET: DATA TRIANGULATION
           2.4.1 SECONDARY DATA
                    2.4.1.1 Key data from secondary sources
           2.4.2 PRIMARY DATA
                    2.4.2.1 Key data from primary sources
                    2.4.2.2 Key industry insights
                    2.4.2.3 Breakdown of primary interviews
    2.5 ASSUMPTIONS
           2.5.1 RISK ASSESSMENT
                    TABLE 2 LIMITATIONS & ASSOCIATED RISKS
                    TABLE 3 RISKS ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 NON-GRAIN-ORIENTED ELECTRICAL STEEL TYPE TO LEAD THE MARKET
    FIGURE 9 TRANSFORMERS APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
    FIGURE 10 MANUFACTURING END-USE INDUSTRY TO LEAD THE MARKET DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC LED ELECTRICAL STEEL MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRICAL STEEL MARKET
           FIGURE 12 GROWTH OF MANUFACTURING INDUSTRY IS DRIVING ELECTRICAL STEEL MARKET
    4.2 ELECTRICAL STEEL MARKET, BY APPLICATION
           FIGURE 13 MOTORS APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ELECTRICAL STEEL MARKET: MAJOR COUNTRIES
           FIGURE 14 INDIA ACCOUNTED FOR HIGHEST CAGR OF ELECTRICAL STEEL MARKET
    4.4 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE & COUNTRY
           FIGURE 15 NON-GRAIN-ORIENTED ELECTRICAL STEEL AND CHINA LED THE ELECTRICAL STEEL MARKET IN ASIA PACIFIC

5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION
           FIGURE 16 EVOLUTION OF ELECTRICAL STEEL MARKET
    5.2 MARKET DYNAMICS
           FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE ELECTRICAL STEEL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing urban population drives the demand for electrical steel
                    5.2.1.2 High consumption rate of electrical steel in transformers and motors
                    5.2.1.3 Growing Electric Vehicles (EVs) market
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatile prices of raw materials
                    5.2.2.2 Effects of COVID-19 on end-use industries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Upcoming regulations and government support
                    5.2.3.2 Increasing capacity utilization and capacity extension
                               FIGURE 18 GLOBAL CRUDE STEELMAKING CAPACITY, PRODUCTION, AND CAPACITY-PRODUCTION GAP, 2008-2018
                               TABLE 4 GLOBAL CRUDE STEELMAKING CAPACITY, 2001-2018 (MILLION METRIC TON)
                               FIGURE 19 GLOBAL EVOLUTION OF CRUDE STEELMAKING CAPACITY
                               TABLE 5 CURRENT CRUDE STEEL NOMINAL CAPACITY AND POTENTIAL GROSS CAPACITY ADDITIONS, BY REGION (MILLION METRIC TON)
           5.2.4 CHALLENGES
                    5.2.4.1 Safety and technological constraints
    5.3 RANGE SCENARIO FOR ELECTRICAL STEEL MARKET
           FIGURE 20 RANGE SCENARIO FOR ELECTRICAL STEEL MARKET
           5.3.1 OPTIMISTIC SCENARIO
           5.3.2 PESSIMISTIC SCENARIO
           5.3.3 REALISTIC SCENARIO
    5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
           FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
    5.5 MARKET MAPPING/ECOSYSTEM MAP
           FIGURE 22 ECOSYSTEM MAP
    5.6 PATENT ANALYSIS
           5.6.1 INTRODUCTION
           5.6.2 METHODOLOGY
           5.6.3 DOCUMENT TYPE
                    TABLE 6 TOTAL NUMBER OF PATENTS FOR ELECTRICAL STEEL
                    FIGURE 23 ELECTRICAL STEEL MARKET: GRANTED PATENTS, LIMITED PATENTS, AND PATENT APPLICATIONS
                    FIGURE 24 PUBLICATION TRENDS - LAST 10 YEARS
           5.6.4 INSIGHT
                    FIGURE 25 LEGAL STATUS OF PATENTS
                    FIGURE 26 JURISDICTION ANALYSIS
           5.6.5 TOP COMPANIES/APPLICANTS
                    FIGURE 27 TOP APPLICANTS OF ELECTRICAL STEEL
                    TABLE 7 LIST OF PATENTS BY JFE STEEL
                    TABLE 8 LIST OF PATENTS BY POSCO
                    TABLE 9 LIST OF PATENTS BY NIPPON STEEL CORPORATION
                    TABLE 10 LIST OF TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
           5.6.6 DISCLAIMER
    5.7 TECHNOLOGY ANALYSIS
    5.8 REGULATORY ANALYSIS
           TABLE 11 ASTM STANDARDS
           TABLE 12 INDIAN STANDARDS
    5.9 PRICING ANALYSIS
           TABLE 13 AVERAGE PRICE (USD/KG)
    5.10 TRADE ANALYSIS
           TABLE 14 EXPORTERS OF FLAT-ROLLED SILICON ELECTRICAL STEEL, IN 2019
           TABLE 15 IMPORTERS OF FLAT-ROLLED SILICON ELECTRICAL STEEL, IN 2019
           TABLE 16 SILICONE TRADE DATA 2019 (USD BILLION)
    5.11 CASE STUDY ANALYSIS
           TABLE 17 ELECTRICAL STEEL FOR ROURKELA PLANT

6 INDUSTRY TRENDS (Page No. - 67)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN ANALYSIS
           FIGURE 28 ELECTRICAL STEEL MARKET: SUPPLY CHAIN
           TABLE 18 ELECTRICAL STEEL MARKET: ECOSYSTEM
           6.2.1 PROMINENT COMPANIES
           6.2.2 SMALL & MEDIUM-SIZED ENTERPRISES
    6.3 PORTER'S FIVE FORCES ANALYSIS
           FIGURE 29 ELECTRICAL STEEL MARKET: PORTER'S FIVE FORCES ANALYSIS
           6.3.1 BARGAINING POWER OF SUPPLIERS
           6.3.2 THREAT OF NEW ENTRANTS
           6.3.3 THREAT OF SUBSTITUTES
           6.3.4 BARGAINING POWER OF BUYERS
           6.3.5 INTENSITY OF COMPETITIVE RIVALRY
    6.4 MACROECONOMIC INDICATORS (COVID-19)
           6.4.1 COVID-19
           6.4.2 COVID-19 IMPACT ON STEEL INDUSTRY
           6.4.3 CONCLUSION
    6.5 VALUE CHAIN ANALYSIS
           FIGURE 30 PRODUCTION PROCESS CONTRIBUTES HIGHEST VALUE TO OVERALL PRICE OF ELECTRICAL STEEL

7 ELECTRICAL STEEL MARKET, BY TYPE (Page No. - 75)
    7.1 INTRODUCTION
           FIGURE 31 NON-GRAIN-ORIENTED ELECTRICAL STEEL TYPE TO GROW AT A HIGHER CAGR
           TABLE 19 ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
           TABLE 20 ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
    7.2 GRAIN-ORIENTED ELECTRICAL STEEL
           7.2.1 CONTRIBUTES TO ENERGY CONSERVATION
    7.3 NON-GRAIN-ORIENTED ELECTRICAL STEEL
           7.3.1 WIDELY USED IN CONSTRUCTION OF ROTORS AND STATORS

8 ELECTRICAL STEEL MARKET, BY APPLICATION (Page No. - 79)
    8.1 INTRODUCTION
           FIGURE 32 TRANSFORMERS APPLICATION TO GROW AT HIGHEST CAGR
           TABLE 21 ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
           TABLE 22 ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
    8.2 TRANSFORMERS
           8.2.1 INCREASE IN DEMAND FOR ENERGY TO DRIVE SEGMENT
           8.2.2 CURRENT TRANSFORMERS
           8.2.3 POWER TRANSFORMERS
           8.2.4 DISTRIBUTION TRANSFORMERS
    8.3 MOTORS
           8.3.1 INCREASING APPLICATION IN TRANSPORTATION AND AUTOMOTIVE INDUSTRIES
    8.4 INDUCTORS
           8.4.1 RISE IN DEPLOYMENT OF SMART GRIDS IS DRIVING MARKET GROWTH
    8.5 OTHERS

9 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY (Page No. - 83)
    9.1 INTRODUCTION
           FIGURE 33 MANUFACTURING END-USE INDUSTRY TO LEAD MARKET GROWTH
           TABLE 23 ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           TABLE 24 ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
    9.2 ENERGY
           9.2.1 GROWING GLOBAL ENERGY CONSUMPTION TO INCREASE DEMAND FOR ELECTRICAL STEEL
    9.3 AUTOMOTIVE
           9.3.1 ELECTRICAL STEEL IS USED IN FUNCTIONAL AUTOMOTIVE COMPONENTS, SUCH AS FUEL PUMPS AND ELECTRICAL POWER STEERING
    9.4 MANUFACTURING
           9.4.1 GROWTH IN NEW TECHNOLOGIES TO DRIVE MANUFACTURING SEGMENT
    9.5 HOUSEHOLD APPLIANCES
           9.5.1 IMPROVED LIVING STANDARDS AND RISE IN INCOME TO DRIVE HOUSEHOLD APPLIANCES SEGMENT
    9.6 OTHERS

10 ELECTRICAL STEEL MARKET, BY REGION (Page No. - 88)
     10.1 INTRODUCTION
             FIGURE 34 ASIA PACIFIC TO BE THE FASTEST-GROWING MARKET FOR ELECTRICAL STEEL DURING FORECAST PERIOD
             TABLE 25 ELECTRICAL STEEL MARKET, BY REGION, 2019–2026 (KILOTON)
             TABLE 26 ELECTRICAL STEEL MARKET, BY REGION, 2019–2026 (USD MILLION)
     10.2 ASIA PACIFIC
             FIGURE 35 ASIA PACIFIC: ELECTRICAL STEEL MARKET SNAPSHOT
             TABLE 27 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
             TABLE 28 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 29 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
             TABLE 30 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 31 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
             TABLE 32 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
             TABLE 33 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
             TABLE 34 ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.2.1 CHINA
                        10.2.1.1 China to lead market in region
                                     TABLE 35 CHINA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 36 CHINA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 37 CHINA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 38 CHINA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 39 CHINA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 40 CHINA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.2.2 INDIA
                        10.2.2.1 Increasing demand in energy & power sector to drive market
                                     TABLE 41 INDIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 42 INDIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 43 INDIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 44 INDIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 45 INDIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 46 INDIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.2.3 JAPAN
                        10.2.3.1 Increasing demand in end-use industries to drive market
                                     TABLE 47 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 48 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 49 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 50 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION 2019–2026 (USD MILLION)
                                     TABLE 51 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 52 JAPAN: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.2.4 SOUTH KOREA
                        10.2.4.1 High demand from manufacturing and power industries to drive market
                                     TABLE 53 SOUTH KOREA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 54 SOUTH KOREA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 55 SOUTH KOREA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 56 SOUTH KOREA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 57 SOUTH KOREA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 58 SOUTH KOREA ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.2.5 REST OF ASIA PACIFIC
                        10.2.5.1 Increasing government initiatives for green technology are the major driving factor
                                     TABLE 59 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 60 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 61 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 62 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 63 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 64 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
     10.3 NORTH AMERICA
             FIGURE 36 NORTH AMERICA: ELECTRICAL STEEL MARKET SNAPSHOT
             TABLE 65 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
             TABLE 66 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 67 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
             TABLE 68 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 69 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
             TABLE 70 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
             TABLE 71 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
             TABLE 72 NORTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.3.1 US
                        10.3.1.1 US to lead market in North America
                                     TABLE 73 US: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 74 US: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 75 US: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 76 US: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 77 US: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 78 US: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.3.2 CANADA
                        10.3.2.1 Increasing demand in end-use industries to drive market
                                     TABLE 79 CANADA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 80 CANADA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 81 CANADA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 82 CANADA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 83 CANADA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 84 CANADA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.3.3 MEXICO
                        10.3.3.1 Increasing automobile production to drive market growth
                                     TABLE 85 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 86 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 87 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 88 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 89 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 90 MEXICO: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
     10.4 EUROPE
             FIGURE 37 EUROPE: ELECTRICAL STEEL MARKET SNAPSHOT
             TABLE 91 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
             TABLE 92 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 93 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
             TABLE 94 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 95 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
             TABLE 96 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
             TABLE 97 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
             TABLE 98 EUROPE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.4.1 GERMANY
                        10.4.1.1 Growth in various end-use industries to drive market
                                     TABLE 99 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 100 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 101 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 102 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 103 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 104 GERMANY: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.4.2 UK
                        10.4.2.1 Increased government investments in end-use industries to drive market
                                     TABLE 105 UK: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 106 UK: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 107 UK: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 108 UK: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 109 UK: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 110 UK: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.4.3 FRANCE
                        10.4.3.1 Increased demand in the energy sector to fuel market
                                     TABLE 111 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 112 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 113 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 114 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 115 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 116 FRANCE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.4.4 RUSSIA
                        10.4.4.1 Increasing applications in energy to drive market
                                     TABLE 117 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 118 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 119 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 120 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 121 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 122 RUSSIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.4.5 REST OF EUROPE
                        10.4.5.1 Increasing applications in end-use industries to drive market
                                     TABLE 123 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 124 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 125 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 126 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 127 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 128 REST OF EUROPE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             TABLE 129 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
             TABLE 130 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 131 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
             TABLE 132 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 133 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
             TABLE 134 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
             TABLE 135 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
             TABLE 136 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.5.1 SOUTH AFRICA
                        10.5.1.1 Increasing demand in power sector to drive South Africa market
                                     TABLE 137 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 138 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 139 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 140 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 141 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 142 SOUTH AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.5.2 SAUDI ARABIA
                        10.5.2.1 Increasing opportunities in end-use industries to fuel market
                                     TABLE 143 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 144 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 145 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 146 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 147 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 148 SAUDI ARABIA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.5.3 EGYPT
                        10.5.3.1 Increasing investments in energy sector to drive market in Egypt
                                     TABLE 149 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 150 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 151 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 152 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 153 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 154 EGYPT: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.5.4 QATAR
                        10.5.4.1 Significant growth of power sector to drive market
                                     TABLE 155 QATAR: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 156 QATAR: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 157 QATAR: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 158 QATAR: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 159 QATAR: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 160 QATAR: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.5.5 REST OF MIDDLE EAST & AFRICA
                        10.5.5.1 Growing end-use industries to drive market
                                     TABLE 161 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 162 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 163 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 164 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 165 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 166 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
     10.6 SOUTH AMERICA
             TABLE 167 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
             TABLE 168 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 169 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
             TABLE 170 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 171 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
             TABLE 172 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
             TABLE 173 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
             TABLE 174 SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.6.1 BRAZIL
                        10.6.1.1 Increase in applications in end-use industries is fueling market
                                     TABLE 175 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 176 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 177 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 178 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 179 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 180 BRAZIL: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.6.2 ARGENTINA
                        10.6.2.1 Growing end-use industries fueling market
                                     TABLE 181 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 182 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 183 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 184 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 185 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 186 ARGENTINA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.6.3 CHILE
                        10.6.3.1 Growing power sector driving demand
                                     TABLE 187 CHILE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 188 CHILE: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 189 CHILE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 190 CHILE: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 191 CHILE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 192 CHILE: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.6.4 PERU
                        10.6.4.1 Growing energy sector fueling demand
                                     TABLE 193 PERU: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 194 PERU: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 195 PERU: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 196 PERU: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 197 PERU: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 198 PERU: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
             10.6.5 REST OF SOUTH AMERICA
                        10.6.5.1 Economic growth of countries in region to drive market
                                     TABLE 199 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                                     TABLE 200 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 201 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                                     TABLE 202 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                                     TABLE 203 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
                                     TABLE 204 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 154)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             FIGURE 38 COMPANIES ADOPTED PARTNERSHIPS AS THE KEY GROWTH STRATEGY, 2016–202O
     11.3 MARKET RANKING
             FIGURE 39 MARKET RANKING OF KEY PLAYERS, 2020
             11.3.1 ARCELORMITTAL
             11.3.2 POSCO
             11.3.3 VOESTALPINE AG
             11.3.4 BAOSTEEL
             11.3.5 NIPPON STEEL & SUMITOMO METAL CORPORATION
     11.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
             FIGURE 40 REVENUE ANALYSIS FOR KEY COMPANIES IN ELECTRICAL STEEL MARKET
     11.5 MARKET SHARE ANALYSIS
             TABLE 205 ELECTRICAL STEEL: MARKET SHARES OF KEY PLAYERS
             FIGURE 41 SHARE OF LEADING COMPANIES IN ELECTRICAL STEEL MARKET
     11.6 COMPANY EVALUATION QUADRANT
             FIGURE 42 ELECTRICAL STEEL MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
             11.6.1 STAR
             11.6.2 PERVASIVE
             11.6.3 EMERGING LEADERS
             11.6.4 PARTICIPANTS
     11.7 COMPETITIVE BENCHMARKING
             11.7.1 STRENGTH OF PRODUCT PORTFOLIO
             11.7.2 BUSINESS STRATEGY EXCELLENCE
                        TABLE 206 COMPANY APPLICATION FOOTPRINT
                        TABLE 207 COMPANY TYPE FOOTPRINT
                        TABLE 208 COMPANY REGION FOOTPRINT
     11.8 COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND MEDIUM-SIZED ENTERPRISES)
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 STARTING BLOCKS
             11.8.4 DYNAMIC COMPANIES
                        FIGURE 43 COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND MEDIUM-SIZED ENTERPRISES), 2020
     11.9 COMPETITIVE SCENARIO AND TRENDS
             11.9.1 DEALS
                        TABLE 209 ELECTRICAL STEEL MARKET: DEALS, JANUARY 2016–NOVEMBER 2020
             11.9.2 OTHERS
                        TABLE 210 ELECTRICAL STEEL MARKET: OTHERS, DECEMBER 2017–DECEMBER 2019

12 COMPANY PROFILES (Page No. - 172)
     12.1 KEY COMPANIES
(Business overview, Products and Solutions, Recent Developments, MNM view)* 
             12.1.1 ARCELORMITTAL
                        TABLE 211 ARCELORMITTAL: BUSINESS OVERVIEW
                        FIGURE 44 ARCELORMITTAL: COMPANY SNAPSHOT
                        TABLE 212 ARCELORMITTAL: PRODUCTS OFFERED
                        TABLE 213 ARCELORMITTAL: DEALS
             12.1.2 POSCO
                        TABLE 214 POSCO: BUSINESS OVERVIEW
                        FIGURE 45 POSCO: COMPANY SNAPSHOT
                        TABLE 215 POSCO: PRODUCTS OFFERED
                        TABLE 216 POSCO: DEALS
             12.1.3 VOESTALPINE AG
                        TABLE 217 VOESTALPINE AG: BUSINESS OVERVIEW
                        FIGURE 46 VOESTALPINE AG: COMPANY SNAPSHOT
                        TABLE 218 VOESTALPINE AG: PRODUCTS OFFERED
                        TABLE 219 VOESTALPINE AG: DEALS
             12.1.4 BAOSTEEL
                        TABLE 220 BAOSTEEL: BUSINESS OVERVIEW
                        FIGURE 47 BAOSTEEL: COMPANY SNAPSHOT
                        TABLE 221 BAOSTEEL: PRODUCTS OFFERED
             12.1.5 NIPPON STEEL & SUMITOMO METAL CORPORATION
                        TABLE 222 NIPPON STEEL & SUMITOMO METAL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 NIPPON STEEL & SUMITOMO METAL CORPORATION: COMPANY SNAPSHOT
                        TABLE 223 NIPPON STEEL & SUMITOMO METAL CORPORATION: PRODUCTS OFFERED
                        TABLE 224 NIPPON STEEL & SUMITOMO METAL CORPORATION: DEAL
             12.1.6 UNITED STATES STEEL CORPORATION
                        TABLE 225 UNITED STATES STEEL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 49 UNITED STATES STEEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 226 UNITED STATES STEEL CORPORATION: PRODUCTS OFFERED
                        TABLE 227 UNITED STATES STEEL CORPORATION: DEAL
             12.1.7 SAIL
                        TABLE 228 SAIL: BUSINESS OVERVIEW
                        FIGURE 50 SAIL: COMPANY SNAPSHOT
                        TABLE 229 SAIL: PRODUCTS OFFERED
                        TABLE 230 SAIL: DEAL
             12.1.8 TATA STEEL LIMITED
                        TABLE 231 TATA STEEL LIMITED: BUSINESS OVERVIEW
                        FIGURE 51 TATA STEEL LIMITED: COMPANY SNAPSHOT
                        TABLE 232 TATA STEEL LIMITED: PRODUCTS OFFERED
                        TABLE 233 TATA STEEL LIMITED: OTHERS
             12.1.9 THYSSENKRUPP AG
                        TABLE 234 THYSSENKRUPP AG: BUSINESS OVERVIEW
                        FIGURE 52 THYSSENKRUPP AG: COMPANY SNAPSHOT
                        TABLE 235 THYSSENKRUPP AG: PRODUCTS OFFERED
             12.1.10 JFE STEEL CORPORATION
                        TABLE 236 JFE STEEL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 53 JFE STEEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 237 JFE STEEL CORPORATION: PRODUCTS OFFERED
     *Details on Business overview, Products and Solutions, Recent Developments, MNM view might not be captured in case of unlisted companies. 
     12.2 OTHER PLAYERS
             12.2.1 ARCELORMITTAL NIPPON STEEL INDIA LIMITED
                        TABLE 238 ARCELORMITTAL NIPPON STEEL INDIA LIMITED: COMPANY OVERVIEW
             12.2.2 HEBEI PUYANG IRON AND STEEL GROUP
                        TABLE 239 HEBEI PUYANG IRON AND STEEL GROUP: COMPANY OVERVIEW
             12.2.3 JIANGSU SHAGANG INTERNATIONAL TRADE CO. LTD
                        TABLE 240 JIANGSU SHAGANG INTERNATIONAL TRADE CO. LTD: COMPANY OVERVIEW
             12.2.4 CHINA STEEL CORPORATION
                        TABLE 241 CHINA STEEL CORPORATION: COMPANY OVERVIEW
             12.2.5 JSW STEEL
                        TABLE 242 JSW STEEL COMPANY OVERVIEW
             12.2.6 WUHAN IRON AND STEEL CORPORATION
                        TABLE 243 WUHAN IRON AND STEEL CORPORATION: COMPANY OVERVIEW
             12.2.7 ANGANG STEEL COMPANY LIMITED
                        TABLE 244 ANGANG STEEL COMPANY LIMITED: COMPANY OVERVIEW
             12.2.8 ELECTROSTEEL LIMITED
                        TABLE 245 ELECTROSTEEL LIMITED: COMPANY OVERVIEW
             12.2.9 ALLENGENCY TECHNOLOGIES
                        TABLE 246 ALLENGENCY TECHNOLOGIES: COMPANY OVERVIEW
             12.2.10 UNION ELECTRIC STEEL CORPORATION
                        TABLE 247 UNION ELECTRIC STEEL CORPORATION: COMPANY OVERVIEW
             12.2.11 EURO-MIT STAAL B.V.
                        TABLE 248 EURO-MIT STAAL B.V.: COMPANY OVERVIEW
             12.2.12 TC METAL
                        TABLE 249 TC METAL: COMPANY OVERVIEW
             12.2.13 VESUVIUS PLC
                        TABLE 250 VESUVIUS PLC: COMPANY OVERVIEW
             12.2.14 FERRIC SRL
                        TABLE 251 FERRIC SRL: COMPANY OVERVIEW
             12.2.15 WALZHOLZ GMBH & CO.
                        TABLE 252 WALZHOLZ GMBH & CO.: COMPANY OVERVIEW

13 APPENDIX (Page No. - 208)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities for estimating the current global size of the electrical steel market. The exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions and sizes with the industry experts across the value chain of precast concrete through primary research. The supply-side approach was employed to estimate the overall size of the electrical steel market. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, so as to identify and collect information for this study on the electrical steel market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides of the electrical steel market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the electrical steel industry. The primary sources from the demand-side included key executives from banks, government organizations, and educational institutions. The breakdown of the profiles of primary respondents is as follows:

Green Ammonia Market Size, and Share

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

Market Size Estimation

Green Ammonia Market Size, and Estimation

The top-down approach was used to estimate and validate the global size of the electrical steel market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the electrical steel market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

Report Objectives

  • To define, analyze, and project the size of the electrical steel market in terms of value and volume based on type, end use industry, application, and region
  • To project the size of the market and its segments in terms of value and volume, with respect to the five main regions, namely, North America, Europe, APAC, Middle East & Africa, and South America
  • To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To analyze the competitive developments, such as investments & expansions, partnerships & collaborations, new product developments, and merger & acquisitions, in the electrical steel market
  • To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the electrical steel report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of companies

Regional Analysis

  • Further analysis of the electrical steel market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Electrical Steel Market Size,  Share & Growth Report
Report Code
MM 5145
Published ON
Jan, 2022
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