What is the size of the global electrical steel market?

In 2027, the global electrical steel market size is expected to grow USD 21.0 billion from USD 15.0 billion in 2020.

What is the electrical steel market growth?

The global electrical steel market size is expected to register a CAGR of 5.8% during the forecast period 2021-2027.

Which application segment dominated the global electrical steel market?

The transformers generated the highest revenue of 39.9% of the total global electrical steel market in 2020, and it is anticipated to register a significant CAGR from 2021 to 2027.

Which region accounted for the largest electrical steel market share?

Asia Pacific dominated the electrical steel market and accounted for the largest revenue share of over 64.2% in 2020. The region is projected to observe the fastest growth in terms of revenue during the forecast period.

Who are the key players in the electrical steel market?

ArcelorMittal, Aperam, Nippon Steel Corporation, Baosteel Group Hu, Cleveland-Cliffs Inc., Slovenian Steel Group, POSCO, Voestalpine AG, and Tata Steel are the major players of electrical steel in the global market.

What are the factors driving the electrical steel market?

Increase in demand from energy generation & transmission industries, growth in the deployment of renewable energy, and increase in usage of electric vehicles are some of the factors driving the electrical steel market worldwide.

What is the size of the global electrical steel market?

In 2027, the global electrical steel market size is expected to grow USD 21.0 billion from USD 15.0 billion in 2020.

What is the electrical steel market growth?

The global electrical steel market size is expected to register a CAGR of 5.8% during the forecast period 2021-2027.

Which application segment dominated the global electrical steel market?

The transformers generated the highest revenue of 39.9% of the total global electrical steel market in 2020, and it is anticipated to register a significant CAGR from 2021 to 2027.

Which region accounted for the largest electrical steel market share?

Asia Pacific dominated the electrical steel market and accounted for the largest revenue share of over 64.2% in 2020. The region is projected to observe the fastest growth in terms of revenue during the forecast period.

Who are the key players in the electrical steel market?

ArcelorMittal, Aperam, Nippon Steel Corporation, Baosteel Group Hu, Cleveland-Cliffs Inc., Slovenian Steel Group, POSCO, Voestalpine AG, and Tata Steel are the major players of electrical steel in the global market.

What are the factors driving the electrical steel market?

in demand from energy generation & transmission industries, growth in the deployment of renewable energy, and increase in usage of electric vehicles are factors driving the electrical steel market worldwide.

Electrical Steel Market 2021

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2027

Electrical Steel Market by Type (Grain-Oriented Electrical Steel and Non-Grain-Oriented Electrical Steel), by Application (Transformers, Motors, Generators, and Others), by Region – Global Share and Forecast to 2027

Region: Global | Format: Word, PPT, Excel | Report Status: Published

Electrical Steel Market

Electrical Steel Market 2021

Electrical Steel Market by Type (Grain-Oriented Electrical Steel and Non-Grain-Oriented Electrical Steel), by Application (Transformers, Motors, Generators, and Others), by Region – Global Share and Forecast to 2027

Electrical Steel Market by Type (Grain-Oriented Electrical Steel and Non-Grain-Oriented Electrical Steel), by Application (Transformers, Motors, Generators, and Others), by Region – Global Share and Forecast to 2027

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