Title: Electrical Steel Market Size Worth USD 22.0 billion by 2026
1Electrical Steel Market USD 22.0 billion by 2026
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2Electrical Steel Market Overview
- Electrical steel is a magnetic material, also
known as transformer, lamination or silicon
steel. It finds its applications in solenoids,
relays, electric motors and many more components.
Electric steel is extensively used since it has a
high heat dissipation property. The presence of
silicon helps increase resistivity and enhance
permeability. - Electrical Steel Market Estimation
- The global electrical steel market was valued at
around USD 15.0 billion in 2019. It is estimated
to register a compound annual growth rate of
nearly 6 from 2020 to 2026. At this rate, the
market is projected to reach a valuation of
over USD 22.0 billion by the end of the forecast
period.
3Segmentation of the Report
- By Product Type
- Grain-Oriented Electrical Steel
- Non-Grain-Oriented Steel
- By Application
- Transformer
- Motor
- Other
- By End-Use Industry
- Automotive
- Energy
- Manufacturing
- Electronics Electrical
- Others
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4Electrical Steel Market Summery
- A new study on the global Electrical Steel Market
has been published by Research CMFE. It offers
detailed information on key market dynamics,
including drivers, trends, and challenges for the
global Electrical Steel Market as well as its
structure. The study offers valuable information
on the global Electrical Steel Market to
illustrate how the market is expected to expand
during the forecast period i.e. 20202026. - Key indicators of market growth, which include
value chain analysis and Compound Annual Growth
Rate (CAGR) have been elucidated in the
Electrical Steel Market report in a comprehensive
manner. This data can help readers interpret the
quantitative growth aspects of the global
Electrical Steel Market.
5Electrical Steel Market Key Vendors
- ArcelorMittal
- POSCO
- Voestalpine AG
- Nippon Steel
- Sumitomo Metal Corporation
- Shandong Iron and Steel Group Co Ltd
- JFE Steel Corporation
- SAIL
- Shagang Group Inc.
- Ansteel Group.
- Thyssenkrupp AG
- Power Limited
- Aperam
- Baosteel Group Corporation
- .
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6Major Regions Covered in Report
- Regional Overview Analysis of Electrical Steel
Market - North America (US and Canada)
- Europe (UK, Germany, France and Rest of Europe)
- Asia Pacific (China, Japan, India and Rest of
Asia Pacific) - Latin America (Brazil, Mexico and Rest of Latin
America) - Middle East Africa (GCC and Rest of Middle East
Africa) - Ask for more details _at_ https//www.researchcmfe.co
m/customization/60
7Highlights of Electrical Steel Market Report
- Overview of key market forces boosting and
restraining market growth - Up-to-date analyses of market trends and
technological improvements - Pin-point analyses of market competition to offer
you a competitive edge - Major competitors strategies analysis
- SWOT analysis of major industry segments
- Detailed analyses of Electrical Steel Market
trends - An appropriately defined technological growth map
with Covid19 impact analysis - A clear understanding of the competitive
landscape and key product segments - Request For Sample Copy of Report
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