Title: High magnetic induction grain-oriented silicon steel Market analysis research and trends report for 2019 - 2025
1High Magnetic Induction Grain-oriented Silicon
Steel Market Growth Outlook with Industry Review
and Forecast 2019-2025
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2Global Market Scenario of High Magnetic Induction
Grain-oriented Silicon Steel Industry
- High magnetic induction grain-oriented silicon
steel market size will experience significant
growth in Asia Pacific owing to propelling demand
from power industry in the forecast period. - It is a type of grain-oriented silicon steel
alloys which possess high permeability.
Grain-oriented silicon steel alloys are generally
known as electrical steel. It has a symmetrical
structure where cubic crystals are cumulatively
arranged in the direction of rolled steel plate.
It is made by a chain of annealing and rolling
treatments. - Power transmission industry will chiefly drive
the high magnetic induction grain-oriented
silicon steel market size in the coming years.
The region is witnessing fastest industrial
growth till date, which has resulted in high
electricity demand in the past few years. - According to the World Bank, the number of
emerging economies in Asia Pacific including
India, Vietnam, Indonesia, Thailand, Cambodia
Myanmar, etc. have an undeveloped power sector
with low access rates and low quality of supply,
as per capita electricity consumption rate. - Therefore, countries such as India and Thailand
are proactively taking steps to increase their
electricity access for household and commercial
sector by expanding the transformer grid across
their region. As power installation plans will
accelerate in future, the product demand is
expected to increase over the forecast period.
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3- Regional Trends-
- Asia Pacific is likely to contribute
significantly to the overall high magnetic
induction grain-oriented silicon steel market
growth in the forecast timeframe. India and China
lead the region in both manufacturing and
consumption of product. - According to a 2014, Asia Development Bank
report, the energy need of Asia Pacific is
expected to increase over 70 between 2010 and
2035, with Chinas share accounting for 38 while
Indias share to be over 13. The rest of Asia
Pacific is expected to account for 64. - North America and Europe have a satisfactory
electricity access, thus will show moderate gains
to the overall high magnetic induction
grain-oriented silicon steel market size by 2025.
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4Market Research Reports Key Analytical Components
Request for a sample copy of this report _at_
https//bit.ly/34cxPCY
20189Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5- Competitive Trends
- The companies functioning in high magnetic
induction grain-oriented silicon steel market are
Thyssenkrupp, Arnold Magnetic Technologies Corp.,
Cogent power, AK Steel Intl., Posco, Cogent Power
Limited, JFE Steel Corporation, Baosteel. and
Nippon SteelSumitomo Metal. In 2018,
Thyssenkrupp announced that it was starting the
production of grain oriented electrical steel
(CRGO) at its Nashik plant in India.
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6Latest Research Report On High Magnetic Induction
Grain-oriented Silicon Steel Market_at_ https//bit.l
y/2E7zrU7 Request Sample Copy for this report
_at_https//bit.ly/34cxPCY Inquire Before Buying
This Report_at_https//bit.ly/2rrbUuN
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com