New study: Electrical Steel Market Forecast to 2030

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Electrical Steel market during the historical period of 2014 – 2019. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2020 – 2030.

The above represented scenario is projected to expand the global electrical steel market at a positive CAGR of ~6.2% over the assessment period (2020-2030). Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Electrical Steel market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Electrical Steel market.

After reading the Electrical Steel market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the Electrical Steel market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period

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The Electrical Steel market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • Japan
  • APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

The evaluation of the competitive landscape in the Electrical Steel market covers the profile of the following top players:

ArcelorMittal S.A., Baosteel, POSCO, Novolipetsk Steel, ThyssenKrupp AG, Nippon Steel & Sumitomo Metal Corporation, and Voestalpine AG.

To expand the understanding of opportunities in the global Electrical Steel market report looks at close quarters into the opportunities and new avenues in following key segments:

  • Automobile
  • Energy
  • Household Appliance
  • Manufacturing
  • Others

In addition to understanding the demand patterns of various end users, the report on the Electrical Steel market also enumerates trends expected to attract investments by other various associated industries.

On the basis of Application types, the Electrical Steel market report offers insight into major adoption trends for the following segments:

  • Inductors
  • Transformers
  • Motors

By Product,

  • Grain-Oriented Electrical Steel
  • Non-Grain Oriented Electrical Steel

The global Electrical Steel market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Some important questions that the Electrical Steel market report tries to answer exhaustively are:

  • Key strategic moves by various players in the Electrical Steel market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
  • Which strategies will enable top players in the Electrical Steel market to expand their geographic footprints?
  • Which new business models are expected to change the course of growth of key regional markets in near future?
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
  • Which products segments have in recent years have seen new, lucrative application areas?
  • What are COVID-19 implication on Electrical Steel market and learn how businesses can respond, manage and mitigate the risks?

Media Release: https://www.factmr.com/media-release/1478/electric-steel-market-demand