Global Electrical Steel Market Analysis 2021

The Global Electrical Steel Market is expected to reach $61.00 billion by 2027 growing at a CAGR of 9.9% from 2020 to 2027. Electrical steel is a soft magnetic material with improved electrical properties that are used across various applications. It is also known as silicon steel or transformer steel or lamination steel. Electrical steel lowers the dissipation of heat. The presence of silicon in the electrical steel increases resistivity and enhances permeability. Factors such as the high consumption rate of electrical steel in transformers and motors, growing usage of electric vehicles (EVs), and increasing urban population are driving the growth of the market. However, the volatile price of raw materials is restraining the growth of the market. Based on the application, the transformers segment is going to have a lucrative growth during the forecast period due to the increasing energy consumption across the globe. Transformer cores form an integral part of the transformer, which is made up of laminations of electric steel. The key vendors mentioned are AK Steel Holding Corp, Allegheny Technologies, Inc., Aperam SA, ArcelorMittal SA, Baosteel Group, Cogent Power, JFE Steel Corporation, Leicong Industrial Co., Ltd., Nicore Electrical Manufactory Co., LTD., Nippon Steel & Sumitomo Metal Corporation, Novolipetsk Steel, Phoenix Mecano AG, POSCO, Steel Authority of India Limited, ThyssenKrupp AG and Voestalpine Stahl GmbH. Types Covered: • Grain- Oriented • Non-Grain- Oriented Thicknesses Covered: • 0.23mm • 0.27mm • 0.30 mm • 0.35 mm • 0.50 mm • 0.65 mm • Other Thicknesses Core Losses Covered: • Less Than 0.9 w/kg • 0.90 w/kg to 0.99 w/kg • 1.00 w/kg to 1.29 w/kg • 1.30 w/kg to 1.39 w/kg • Above 1.39 w/kg Flux Densities Covered: • Less Than 1.65 Tesla • 1.65 Tesla to 1.69 Tesla • 1.69 Tesla to 1.73 Tesla • 1.73 Tesla to 1.76 Tesla • Above 1.76 Tesla Applications Covered: • Automotive Alternators • Automotive Powertrains • Battery • Converters • Electrical Ballasts • Fans • Inductors • Industrial Machines • Magnets • Microwave Oven Transformers • Motors • Power Generators • Power Tools • Refrigerator Compressors • Shunt Reactors • Transformers • Vacuum Cleaners • Welding Equipment • Wound Cores End Users Covered: • Automotives • Building & Construction • Energy & Power • Fabrication • Household Appliances • Manufacturing Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Electrical Steel Market, By Type
5.1 Introduction
5.2 Grain- Oriented
5.3 Non-Grain- Oriented

6 Global Electrical Steel Market, By Thickness
6.1 Introduction
6.2 0.23mm
6.3 0.27mm
6.4 0.30 mm
6.5 0.35 mm
6.6 0.50 mm
6.7 0.65 mm
6.8 Other Thicknesses

7 Global Electrical Steel Market, By Core Loss
7.1 Introduction
7.2 Less Than 0.9 w/kg
7.3 0.90 w/kg to 0.99 w/kg
7.4 1.00 w/kg to 1.29 w/kg
7.5 1.30 w/kg to 1.39 w/kg
7.6 Above 1.39 w/kg

8 Global Electrical Steel Market, By Flux Density
8.1 Introduction
8.2 Less Than 1.65 Tesla
8.3 1.65 Tesla to 1.69 Tesla
8.4 1.69 Tesla to 1.73 Tesla
8.5 1.73 Tesla to 1.76 Tesla
8.6 Above 1.76 Tesla

9 Global Electrical Steel Market, By Application
9.1 Introduction
9.2 Automotive Alternators
9.3 Automotive Powertrains
9.4 Battery
9.5 Converters
9.6 Electrical Ballasts
9.7 Fans
9.8 Inductors
9.9 Industrial Machines
9.10 Magnets
9.11 Microwave Oven Transformers
9.12 Motors
9.13 Power Generators
9.14 Power Tools
9.15 Refrigerator Compressors
9.16 Shunt Reactors
9.17 Transformers
9.18 Vacuum Cleaners
9.19 Welding Equipment
9.20 Wound Cores

10 Global Electrical Steel Market, By End User
10.1 Introduction
10.2 Automotive
10.3 Building & Construction
10.4 Energy & Power
10.5 Fabrication
10.6 Household Appliances
10.7 Manufacturing

11 Global Electrical Steel Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa

12 Strategic Benchmarking

13 Vendors Landscape
13.1 AK Steel Holding Corp
13.2 Allegheny Technologies, Inc.
13.3 Aperam SA
13.4 ArcelorMittal SA
13.5 Baosteel Group
13.6 Cogent Power
13.7 JFE Steel Corporation
13.8 Leicong Industrial Co., Ltd.
13.9 Nicore Electrical Manufactory Co., LTD.
13.10 Nippon Steel & Sumitomo Metal Corporation
13.11 Novolipetsk Steel
13.12 Phoenix Mecano AG
13.13 POSCO
13.14 Steel Authority of India Limited
13.15 ThyssenKrupp AG
13.16 Voestalpine Stahl GmbH

List of Data Tables
1 Global Electrical Steel Market Outlook, By Region (2019-2027) ($MN)
2 Global Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
3 Global Electrical Steel Market Outlook, By Grain- Oriented (2019-2027) ($MN)
4 Global Electrical Steel Market Outlook, By Non-Grain- Oriented (2019-2027) ($MN)
5 Global Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
6 Global Electrical Steel Market Outlook, By 0.23mm (2019-2027) ($MN)
7 Global Electrical Steel Market Outlook, By 0.27mm (2019-2027) ($MN)
8 Global Electrical Steel Market Outlook, By 0.30 mm (2019-2027) ($MN)
9 Global Electrical Steel Market Outlook, By 0.35 mm (2019-2027) ($MN)
10 Global Electrical Steel Market Outlook, By 0.50 mm (2019-2027) ($MN)
11 Global Electrical Steel Market Outlook, By 0.65 mm (2019-2027) ($MN)
12 Global Electrical Steel Market Outlook, By Other Thicknesses (2019-2027) ($MN)
13 Global Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
14 Global Electrical Steel Market Outlook, By Less Than 0.9 w/kg (2019-2027) ($MN)
15 Global Electrical Steel Market Outlook, By 0.90 w/kg to 0.99 w/kg (2019-2027) ($MN)
16 Global Electrical Steel Market Outlook, By 1.00 w/kg to 1.29 w/kg (2019-2027) ($MN)
17 Global Electrical Steel Market Outlook, By 1.30 w/kg to 1.39 w/kg (2019-2027) ($MN)
18 Global Electrical Steel Market Outlook, By Above 1.39 w/kg (2019-2027) ($MN)
19 Global Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
20 Global Electrical Steel Market Outlook, By Less Than 1.65 Tesla (2019-2027) ($MN)
21 Global Electrical Steel Market Outlook, By 1.65 Tesla to 1.69 Tesla (2019-2027) ($MN)
22 Global Electrical Steel Market Outlook, By 1.69 Tesla to 1.73 Tesla (2019-2027) ($MN)
23 Global Electrical Steel Market Outlook, By 1.73 Tesla to 1.76 Tesla (2019-2027) ($MN)
24 Global Electrical Steel Market Outlook, By Above 1.76 Tesla (2019-2027) ($MN)
25 Global Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
26 Global Electrical Steel Market Outlook, By Automotive Alternators (2019-2027) ($MN)
27 Global Electrical Steel Market Outlook, By Automotive Powertrains (2019-2027) ($MN)
28 Global Electrical Steel Market Outlook, By Battery (2019-2027) ($MN)
29 Global Electrical Steel Market Outlook, By Converters (2019-2027) ($MN)
30 Global Electrical Steel Market Outlook, By Electrical Ballasts (2019-2027) ($MN)
31 Global Electrical Steel Market Outlook, By Fans (2019-2027) ($MN)
32 Global Electrical Steel Market Outlook, By Inductors (2019-2027) ($MN)
33 Global Electrical Steel Market Outlook, By Industrial Machines (2019-2027) ($MN)
34 Global Electrical Steel Market Outlook, By Magnets (2019-2027) ($MN)
35 Global Electrical Steel Market Outlook, By Microwave Oven Transformers (2019-2027) ($MN)
36 Global Electrical Steel Market Outlook, By Motors (2019-2027) ($MN)
37 Global Electrical Steel Market Outlook, By Power Generators (2019-2027) ($MN)
38 Global Electrical Steel Market Outlook, By Power Tools (2019-2027) ($MN)
39 Global Electrical Steel Market Outlook, By Refrigerator Compressors (2019-2027) ($MN)
40 Global Electrical Steel Market Outlook, By Shunt Reactors (2019-2027) ($MN)
41 Global Electrical Steel Market Outlook, By Transformers (2019-2027) ($MN)
42 Global Electrical Steel Market Outlook, By Vacuum Cleaners (2019-2027) ($MN)
43 Global Electrical Steel Market Outlook, By Welding Equipment (2019-2027) ($MN)
44 Global Electrical Steel Market Outlook, By Wound Cores (2019-2027) ($MN)
45 Global Electrical Steel Market Outlook, By End User (2019-2027) ($MN)
46 Global Electrical Steel Market Outlook, By Automobiles (2019-2027) ($MN)
47 Global Electrical Steel Market Outlook, By Building & Construction (2019-2027) ($MN)
48 Global Electrical Steel Market Outlook, By Energy & Power (2019-2027) ($MN)
49 Global Electrical Steel Market Outlook, By Fabrication (2019-2027) ($MN)
50 Global Electrical Steel Market Outlook, By Household Appliances (2019-2027) ($MN)
51 Global Electrical Steel Market Outlook, By Manufacturing (2019-2027) ($MN)
52 North America Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
53 North America Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
54 North America Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
55 North America Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
56 North America Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
57 North America Electrical Steel Market Outlook, By End User (2019-2027) ($MN)
58 Europe Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
59 Europe Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
60 Europe Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
61 Europe Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
62 Europe Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
63 Europe Electrical Steel Market Outlook, By End User (2019-2027) ($MN)
64 Asia Pacific Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
65 Asia Pacific Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
66 Asia Pacific Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
67 Asia Pacific Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
68 Asia Pacific Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
69 Asia Pacific Electrical Steel Market Outlook, By End User (2019-2027) ($MN)
70 South America Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
71 South America Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
72 South America Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
73 South America Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
74 South America Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
75 South America Electrical Steel Market Outlook, By End User (2019-2027) ($MN)
76 Middle East & Africa Electrical Steel Market Outlook, By Type (2019-2027) ($MN)
77 Middle East & Africa Electrical Steel Market Outlook, By Thickness (2019-2027) ($MN)
78 Middle East & Africa Electrical Steel Market Outlook, By Core Loss (2019-2027) ($MN)
79 Middle East & Africa Electrical Steel Market Outlook, By Flux Density (2019-2027) ($MN)
80 Middle East & Africa Electrical Steel Market Outlook, By Application (2019-2027) ($MN)
81 Middle East & Africa Electrical Steel Market Outlook, By End User (2019-2027) ($MN)