• Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
Search
Close
Search
Close
Home Press

Electrical Steel Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026

admin by admin
June 7, 2022
in Press
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, June 07, 2022 ) The report “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″ The electrical steel market is projected to reach USD 45.8 billion by 2026, with an expected CAGR of 6.3% between 2021 and 2026. 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 witnessing high growth owing to the high consumption rate of electrical steel in transformers & motors and increasing Electric Vehicles (EVs) market.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96179524

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.

Motors is the largest application segment of the electrical steel market

On the basis of application the market is segmented into transformers, motors, inductors, and others. Others include batteries and welding equipment. The motors segment led the market in terms of both value and volume during the forecast period. Growing end-use industry such as manufacturing, automobile, and household appliances is expected to drive the demand for motors, thus creating growth potential for the market.

Manufacturing is the largest application segment of the electrical steel market

On the basis of end-use industry the market is segmented into energy, automotive, manufacturing, household appliances, and others. Others include construction and fabrication. The manufacturing segment led the market during the forecast period. This is attributed to the growth of economies across the globe, which is directly linked to the growth of the manufacturing end-use industry. In addition, the growing industrialization in developed & developing economies is also expected to further drive the market for electrical steel.

Don’t miss out on business opportunities in Electrical Steel Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=96179524

Browse in-depth TOC on “Electrical Steel Market”
252 – Market Data Tables
52 – Figures
214 – Pages

APAC is the largest market for the electrical steel market

The APAC region is projected to be the largest market and to grow at the highest CAGR during the forecast period. An increase in the demand for electrical steel can be attributed to the growing infrastructure & construction and automotive industries. The rise in applications is expected to drive the market in this region. These factors contribute to the rising demand for electrical steel in the industrial facilities in the APAC region. The presence of several electrical steel-producing companies in China and India is expected to play an important role in the revenue growth of the APAC market. As APAC is the most widely populated region in the world, it consequently witnesses a high demand for the consumption of 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 is expected to drive the transformers market in the region, and, in turn, the electrical steel market as well.

The global electrical steel market comprises major manufacturers, 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.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=96179524

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

NoHo Theatre Company Debuted Gripping Thriller Based on Actual Events!

Next Post

Disney+ offers peek at Mena platform before official launch

RelatedPosts

Press

Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

 Payday Loans Market(EMAILWIRE.COM, October 01, 2023 ) As per Maximize Market research, the Payday Loans Market was USD...

by admin
October 1, 2023
Press

Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

 Diamond Wire Saw Market(EMAILWIRE.COM, October 01, 2023 ) As per Maximize Market research, the Diamond Wire Saw Market...

by admin
October 1, 2023
Press

Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

 Pickleball Market(EMAILWIRE.COM, October 01, 2023 ) As per Maximize Market research, the Pickleball was USD 1.34 Billion in...

by admin
October 1, 2023
Press

Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

 Voltage Transformer Market(EMAILWIRE.COM, October 01, 2023 ) As per Maximize Market research, the Voltage Transformer Market was USD...

by admin
October 1, 2023
Load More

Latest Post

Global youth & academics convene at WIF in Abu Dhabi to foster sustainable economy and drive innovation

by admin
October 4, 2023

مشاركة شبابية وأكاديمية واسعة في “منتدى الاستثمار العالمي 2023” بأبوظبي لدعم الاقتصاد المستدام وتحفيز الابتكار

by admin
October 3, 2023

Japan's Strategic Move into Africa: Why Angola – The Geopolitics

by admin
October 2, 2023

EU telcos call for big tech to help finance internet infrastructure … – SiliconANGLE News

by admin
October 2, 2023

Bond yields rise sharply, putting financial assets under pressure … – FOREX.com

by admin
October 2, 2023

EMEAWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (EMEA) Submit press release or contact us today.
Share us

Subscribe to Our Newsletter

    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us
    Menu
    • Home
    • News
      • Agriculture
      • Aviation & transport
      • Arts & Entertainment
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
    • Europe
    • Middle East
    • Africa
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Browse by Category-

    Home

    Europe

    Middle East

    Africa

    Global

    News

    -Agriculture

     – Arts & Entertainment

    — Aviation & transport

    — Business & Finance

    — Conferences & Seminars
    — Cryptocurrency
    — Economy
    — Education
    — Forex & Commodities
    — Manufacturing & Industry
    — Media
    — Oil & Energy
    — Pharma & Health
    — Politics
    — Real Estate & construction
    — Sports
    — Stock Markets
    — Telecom & Tech
    — Travel & Tourism

    About Us

    -Pr Services
    -Submit PR
    -Contact Us

    © 2023 Copyright EMEAWIRE™

    Share us

    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Share on pinterest
    Pinterest