Global Electric Steel Market Size, Status and Forecast 2021-2027
The Global Electric Steel Market Research Report 2021-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.
The electrical steel market size is estimated at a CAGR of 7.6% from 2021 to 2025.
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Key Market Players:
Baowu, ArcelorMittal, JFE Steel, Shougang, TISCO, NSSMC, NLMK Group, AK Steel, ThyssenKrupp, Ansteel, Masteel, Posco, Cogent(Tata Steel), Voestalpine, Benxi Steel, APERAM, Nucor, ATI, Stalprodukt S.A., CSC, and Other
The leading players of Electric Steel industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Electric Steel players will help the industry aspirants in planning their strategies. The statistics offered in this report will be precise and useful guide to shape the business growth.
Industry News and Updates:
In May 2019: POSCO signed an MOU with the Korean Venture Capital Association (KVCA) and 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.
Market Segmentation by Types:
Improved Carbon Structural Steel
Market Segmentation by Applications:
Aerospace and Defence
Based on region, the electric steel market is segmented into the Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, Asia Pacific accounted for the largest share in 2019 and is also expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the presence of various global steelmakers such as ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, and POSCO Steel in the region. The availability of labor and raw materials at low cost in the region is an added advantage for these companies. The rapidly increasing population and urbanization are other factors expected to fuel the growth of the market.
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The market factors explained in the report:
Market Overview: It includes Electric Steel Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Electric Steel Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Electric Steel Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Electric Steel Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Electric Steel Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2015 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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