Electric Steel Market 2021- Production, Sales and Consumption Volumes, Industry Comparison Analysis

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on the Electric Steel market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Electric Steel market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, financial summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

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Top Companies in the Global Electric Steel Market: 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

The global electrical steel market size was USD 24.85 billion in 2018 and is anticipated to grow at a CAGR of 7.2% in terms of revenue from 2019 to 2025

Regional Analysis:

Asia Pacific accounted for 36.3% of the global market revenue share in 2018. The demand for the product in the region is expected to be driven by the increasing energy consumption especially in China and India. For instance, energy demand in India is anticipated to increase by more than 50% from 2017 to 2040.

Moreover, the growing manufacturing industry in the region is likely to drive the product demand over the coming years. Manufacturers of motors, transformers, and inductors are expanding their presence in the region in order to meet the growing demand for electric vehicles, wind turbines, and electronics. In May 2019, Nidec Corporation announced to expand its electric motor production capacity with an investment of USD 100 million in Zhejiang Province, China to meet the growing demand from electric vehicles and smart phone manufacturers.

North America is anticipated to grow at a CAGR of 6.5% in terms of revenue over the coming years owing to the increasing demand for renewable energy. Renewable energy generation is anticipated to account for 29% of the total power generated in the region by 2025.

Market Segmentation by Types:

Industrial

Aerospace and Defence

Municipal Infrastructure

Others

Market Segmentation by Applications:

Improved Carbon Structural Steel

Tool Steel

Alloy Steel

Others

The study objectives of this report are:

-An overview of the global market for Global Electric Steel Market and related technologies.
-Analyses of global market trends, with data from 2020, and projections of compound annual growth rates (CAGRs) through 2027.
-Identifications of new market opportunities and targeted promotional plans for Global Electric Steel Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Electric Steel Market:

For extensive understanding of market dynamics, the global Electric Steel market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Read the full report:

https://www.marketinsightsreports.com/reports/02082590103/global-electric-steel-market-research-report-2021?Mode=700

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Electric Steel Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Electric Steel Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Buy Now Report:

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The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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