| Summarized Info | Details | ||
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| Base Year: | 2020 | Forecast Period: | 2021-2028 |
| Key Geographies: |
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| Market Segmentation: |
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| Key Players: |
The key participating players of the global electrical steel sheet market include Murata Manufacturing Co., Ltd., American Precision Glass Corp., Atheer, Inc., Vuzix, Thermoseal, Packerland Glass Products, Nippon Sheet Glass Co., Ltd., CoorsTek, Inc., Saint-Gobain, SCHOTT AG, AGC Inc., Advanced Glass & Mirror, Inc., Corning Incorporation, GUARDIAN INDUSTRIES, Sisecam Group, among others. |
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| Key Dynamics: |
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| Market Size: | US$ xx Mn | CAGR (2021 -2028): | xx% |
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Electrical Steel Sheet Market Overview
The report is titled ‘Electrical Steel Sheet Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the electrical steel sheet market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The electrical steel sheet market is expected to grow at a significant rate in the near future.
The global electrical steel sheet market is estimated to reach at a value of US$ xx Mn by the end of 2020 and expected to reach at a value of US$ xx Mn by 2028 with a significant CAGR of xx%
Electrical Steel Sheet Introduction
Electrical steel can be understood as a kind of specialty steel developed to create different magnetic characteristics, high receptiveness and minor amounts of core loss. This material is usually accessible in cold-rolled tapes that possess a thickness of about 2mm. When the electrical tapes are stacked collectively, they generate a core. Electrical steel is also often termed as silicon electrical steel, relay steel and lamination steel.
Electrical steel sheet is an operational material fabricated by transforming the magnetic characteristics of steel for electricity conversion and efficient magnetism. Losses in power transmission, generation, and consumption are decreased, which provides energy saving.
Electrical Steel Sheet Market Dynamics
One of the key factors that is essentially boosting the demand of the electrical steel sheet market is growing electricity generation across the world. As the term suggests, electrical steel holds improved electrical attributes such as high electrical resistance, high receptiveness, low magnetic lag damage, and inferior magnetostriction. These attributes make it extremely desirable for applications associated with electricity distribution, consumption, and creation. Attributing to which, the global electrical steel sheet market is projected to rise significantly in the forthcoming future.
Another leading factor that is immensely accelerating the demand for electrical steel is the numerous initiatives commenced for improving power distribution centers in emerging countries. Attributing to which, the global electrical steel sheet market is estimated to rise rapidly in the following years.
Furthermore, the chief steel manufacturing enterprises are aiming their attention on diversifying their manufacturing and distribution capabilities in different nations. In the manner of enhancing their industrial research activities, some associations are participating directly with local manufacturers. Said factors are further expected to propel the market growth in the coming years.
Electrical Steel Sheet Market Segmentation
The electrical steel sheet market is segmented on the basis of product type, applications, thickness, end use industries, and region.
By Product Type
Non-Oriented Electrical Steel Sheets
Grain-Oriented Electrical Steel Sheets
By Applications
Rotating Machines
Large Rotating Machines
Medium Rotating Machines
General use A.C. Motors
Small Motors and Intermittent Service A.C. Motors
Electrical Vehicle Driving Motors
Others
Static Machines
Power Transformers
Distribution Transformers
Audio Transformers
Current and Potential Transformers
Others (Reactors and Magnetic Amplifiers, Magnetic Switches, Welding Transformers, Ballast)
By Thickness
0.23 mm to 0.35
0.35 mm to 0.50
0.50 mm to 0.65
By End Use Industries
Automotive
Construction and civil engineering
Power plants
Electrical appliances
Steel furniture
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Electrical Steel Sheet Market Key Players
The key participating players of the global electrical steel sheet market include Murata Manufacturing Co., Ltd., American Precision Glass Corp., Atheer, Inc., Vuzix, Thermoseal, Packerland Glass Products, Nippon Sheet Glass Co., Ltd., CoorsTek, Inc., Saint-Gobain, SCHOTT AG, AGC Inc., Advanced Glass & Mirror, Inc., Corning Incorporation, GUARDIAN INDUSTRIES, Sisecam Group, among others.
Reports & Insights Overview on Electrical Steel Sheet Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Electrical Steel Sheet market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Electrical Steel Sheet
Advantages of Electrical Steel Sheet
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Electrical Steel Sheet Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Electrical Steel Sheet Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Electrical Steel Sheet Market Snapshot
2.4. Global Electrical Steel Sheet Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Electrical Steel Sheet Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
2.8. PEST Analysis
2.9. Supply Chain Analysis
2.10. Consumption Analysis
2.10.1. By End User
2.10.2. By Application
2.11. Demand Analysis
2.11.1. Demand Analysis by End User
2.11.2. Demand Analysis by Application
2.12. Pricing Analysis
2.13. Cross Section Analysis
2.13.1. Cross Analysis of End User Industry W.R.T Product Type
2.13.2. Cross Analysis of Application W.R.T Product Type
3. Electrical Steel Sheet Assessment and Analysis
3.1. Electrical Steel Sheet Impact Analysis
3.2. Potential Analysis
4. Covid-19 Impact on Electrical Steel Sheet Market
4.1. Impact Analysis of Covid-19 on the global Electrical Steel Sheet market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Volatility In Price
4.5. Effect On The Overall Trade
4.6. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Electrical Steel Sheet Market, By Product Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Product Type
5.1.2. BPS Analysis, By Product Type
5.2. Market Revenue (US$Mn) and Forecast, By Product Type
5.2.1. Non-Oriented Electrical Steel Sheets
5.2.2. Grain-Oriented Electrical Steel Sheets
5.3. Global Electrical Steel Sheet Market Attractiveness Index, By Product Type
6. Global Electrical Steel Sheet Market, By Thickness
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Thickness
6.1.2. BPS Analysis, By Thickness
6.2. Market Revenue (US$Mn) and Forecast, By Thickness
6.2.1. 0.23 mm to 0.35
6.2.2. 0.35 mm to 0.50
6.2.3. 0.50 mm to 0.65
6.3. Global Electrical Steel Sheet Market Attractiveness Index, By Thickness
7. Global Electrical Steel Sheet Market, By Application
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Application
7.1.2. BPS Analysis, By Application
7.2. Market Revenue (US$Mn) and Forecast, By Application
7.2.1. Rotating Machines
7.2.1.1. Large Rotating Machines
7.2.1.2. Medium Rotating Machines
7.2.1.3. General use A.C. Motors
7.2.1.4. Small Motors and Intermittent Service A.C. Motors
7.2.1.5. Electrical Vehicle Driving Motors
7.2.1.6. Others
7.2.2. Static Machines
7.2.2.1. Power Transformers
7.2.2.2. Distribution Transformers
7.2.2.3. Audio Transformers
7.2.2.4. Current and Potential Transformers
7.2.2.5. Others
7.3. Global Electrical Steel Sheet Market Attractiveness Index, By Application
8. Global Electrical Steel Sheet Market, By End Use Industries
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By End Use Industries
8.1.2. BPS Analysis, By End Use Industries
8.2. Market Revenue (US$Mn) and Forecast, By End Use Industries
8.2.1. Automotive
8.2.2. Construction and civil engineering
8.2.3. Power plants
8.2.4. Electrical appliances
8.2.5. Steel furniture
8.2.6. Others
8.3. Global Electrical Steel Sheet Market Attractiveness Index, By End Use Industries
9. Global Electrical Steel Sheet Market, By Region
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Region
9.1.2. BPS Analysis, By Region
9.2. Market Revenue (US$Mn) and Forecast, By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East
9.2.6. Africa
9.3. Global Electrical Steel Sheet Market Attractiveness Index, By Region
10. North America Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) and Forecast, By Country
10.2.1. U.S. Electrical Steel Sheet Market
10.2.2. Canada Electrical Steel Sheet Market
10.3. North America Electrical Steel Sheet Market, By Product Type
10.3.1. Non-Oriented Electrical Steel Sheets
10.3.2. Grain-Oriented Electrical Steel Sheets
10.4. North America Electrical Steel Sheet Market, By Thickness
10.4.1. 0.23 mm to 0.35
10.4.2. 0.35 mm to 0.50
10.4.3. 0.50 mm to 0.65
10.5. North America Electrical Steel Sheet Market, By Application
10.5.1. Rotating Machines
10.5.1.1. Large Rotating Machines
10.5.1.2. Medium Rotating Machines
10.5.1.3. General use A.C. Motors
10.5.1.4. Small Motors and Intermittent Service A.C. Motors
10.5.1.5. Electrical Vehicle Driving Motors
10.5.1.6. Others
10.5.2. Static Machines
10.5.2.1. Power Transformers
10.5.2.2. Distribution Transformers
10.5.2.3. Audio Transformers
10.5.2.4. Current and Potential Transformers
10.5.2.5. Others
10.6. North America Electrical Steel Sheet Market, By End Use Industries
10.6.1. Automotive
10.6.2. Construction and civil engineering
10.6.3. Power plants
10.6.4. Electrical appliances
10.6.5. Steel furniture
10.6.6. Others
10.7. North America Electrical Steel Sheet Market Attractiveness Index
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.7.4. By Thickness
11. Latin America Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Brazil Electrical Steel Sheet Market
11.2.2. Mexico Electrical Steel Sheet Market
11.2.3. Rest Of Latin America Electrical Steel Sheet Market
11.3. Latin America Electrical Steel Sheet Market, By Product Type
11.3.1. Non-Oriented Electrical Steel Sheets
11.3.2. Grain-Oriented Electrical Steel Sheets
11.4. Latin America Electrical Steel Sheet Market, By Thickness
11.4.1. 0.23 mm to 0.35
11.4.2. 0.35 mm to 0.50
11.4.3. 0.50 mm to 0.65
11.5. Latin America Electrical Steel Sheet Market, By Application
11.5.1. Rotating Machines
11.5.1.1. Large Rotating Machines
11.5.1.2. Medium Rotating Machines
11.5.1.3. General use A.C. Motors
11.5.1.4. Small Motors and Intermittent Service A.C. Motors
11.5.1.5. Electrical Vehicle Driving Motors
11.5.1.6. Others
11.5.2. Static Machines
11.5.2.1. Power Transformers
11.5.2.2. Distribution Transformers
11.5.2.3. Audio Transformers
11.5.2.4. Current and Potential Transformers
11.5.2.5. Others
11.6. Latin America Electrical Steel Sheet Market, By End Use Industries
11.6.1. Automotive
11.6.2. Construction and civil engineering
11.6.3. Power plants
11.6.4. Electrical appliances
11.6.5. Steel furniture
11.6.6. Others
11.7. Latin America Electrical Steel Sheet Market Attractiveness Index
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.7.4. By Thickness
12. Europe Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. U.K. Electrical Steel Sheet Market
12.2.2. Germany Electrical Steel Sheet Market
12.2.3. Italy Electrical Steel Sheet Market
12.2.4. France Electrical Steel Sheet Market
12.2.5. Spain Electrical Steel Sheet Market
12.2.6. Russia Electrical Steel Sheet Market
12.2.7. Poland Electrical Steel Sheet Market
12.2.8. NORDIC Electrical Steel Sheet Market
12.2.9. BENELUX Electrical Steel Sheet Market
12.2.10. Rest Of Europe Electrical Steel Sheet Market
12.3. Europe Electrical Steel Sheet Market, By Product Type
12.3.1. Non-Oriented Electrical Steel Sheets
12.3.2. Grain-Oriented Electrical Steel Sheets
12.4. Europe Electrical Steel Sheet Market, By Thickness
12.4.1. 0.23 mm to 0.35
12.4.2. 0.35 mm to 0.50
12.4.3. 0.50 mm to 0.65
12.5. Europe Electrical Steel Sheet Market, By Application
12.5.1. Rotating Machines
12.5.1.1. Large Rotating Machines
12.5.1.2. Medium Rotating Machines
12.5.1.3. General use A.C. Motors
12.5.1.4. Small Motors and Intermittent Service A.C. Motors
12.5.1.5. Electrical Vehicle Driving Motors
12.5.1.6. Others
12.5.2. Static Machines
12.5.2.1. Power Transformers
12.5.2.2. Distribution Transformers
12.5.2.3. Audio Transformers
12.5.2.4. Current and Potential Transformers
12.5.2.5. Others
12.6. Europe Electrical Steel Sheet Market, By End Use Industries
12.6.1. Automotive
12.6.2. Construction and civil engineering
12.6.3. Power plants
12.6.4. Electrical appliances
12.6.5. Steel furniture
12.6.6. Others
12.7. Europe Electrical Steel Sheet Market Attractiveness Index
12.7.1. By Country
12.7.2. By Product Type
12.7.3. By Application
12.7.4. By Thickness
13. Asia Pacific Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. China Electrical Steel Sheet Market
13.2.2. India Electrical Steel Sheet Market
13.2.3. Japan Electrical Steel Sheet Market
13.2.4. Australia and New Zealand Electrical Steel Sheet Market
13.2.5. South Korea Electrical Steel Sheet Market
13.2.6. Rest of Asia Pacific Electrical Steel Sheet Market
13.3. Asia Pacific Electrical Steel Sheet Market, By Product Type
13.3.1. Non-Oriented Electrical Steel Sheets
13.3.2. Grain-Oriented Electrical Steel Sheets
13.4. Asia Pacific Electrical Steel Sheet Market, By Thickness
13.4.1. 0.23 mm to 0.35
13.4.2. 0.35 mm to 0.50
13.4.3. 0.50 mm to 0.65
13.5. Asia Pacific Electrical Steel Sheet Market, By Application
13.5.1. Rotating Machines
13.5.1.1. Large Rotating Machines
13.5.1.2. Medium Rotating Machines
13.5.1.3. General use A.C. Motors
13.5.1.4. Small Motors and Intermittent Service A.C. Motors
13.5.1.5. Electrical Vehicle Driving Motors
13.5.1.6. Others
13.5.2. Static Machines
13.5.2.1. Power Transformers
13.5.2.2. Distribution Transformers
13.5.2.3. Audio Transformers
13.5.2.4. Current and Potential Transformers
13.5.2.5. Others
13.6. Asia Pacific Electrical Steel Sheet Market, By End Use Industries
13.6.1. Automotive
13.6.2. Construction and civil engineering
13.6.3. Power plants
13.6.4. Electrical appliances
13.6.5. Steel furniture
13.6.6. Others
13.7. Asia Pacific Electrical Steel Sheet Market Attractiveness Index
13.7.1. By Country
13.7.2. By Product Type
13.7.3. By Application
13.7.4. By Thickness
14. Middle East Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. GCC Countries Electrical Steel Sheet Market
14.2.2. Israel Electrical Steel Sheet Market
14.2.3. Rest Of Middle East Electrical Steel Sheet Market
14.3. Middle East Electrical Steel Sheet Market, By Product Type
14.3.1. Non-Oriented Electrical Steel Sheets
14.3.2. Grain-Oriented Electrical Steel Sheets
14.4. Middle East Electrical Steel Sheet Market, By Thickness
14.4.1. 0.23 mm to 0.35
14.4.2. 0.35 mm to 0.50
14.4.3. 0.50 mm to 0.65
14.5. Middle East Electrical Steel Sheet Market, By Application
14.5.1. Rotating Machines
14.5.1.1. Large Rotating Machines
14.5.1.2. Medium Rotating Machines
14.5.1.3. General use A.C. Motors
14.5.1.4. Small Motors and Intermittent Service A.C. Motors
14.5.1.5. Electrical Vehicle Driving Motors
14.5.1.6. Others
14.5.2. Static Machines
14.5.2.1. Power Transformers
14.5.2.2. Distribution Transformers
14.5.2.3. Audio Transformers
14.5.2.4. Current and Potential Transformers
14.5.2.5. Others
14.6. Middle East Electrical Steel Sheet Market, By End Use Industries
14.6.1. Automotive
14.6.2. Construction and civil engineering
14.6.3. Power plants
14.6.4. Electrical appliances
14.6.5. Steel furniture
14.6.6. Others
14.7. Middle East Electrical Steel Sheet Market Attractiveness Index
14.7.1. By Country
14.7.2. By Product Type
14.7.3. By Application
14.7.4. By Thickness
15. Africa Electrical Steel Sheet Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. South Africa Countries Electrical Steel Sheet Market
15.2.2. Egypt Electrical Steel Sheet Market
15.2.3. North Africa Electrical Steel Sheet Market
15.2.4. Rest of Africa Electrical Steel Sheet Market
15.3. Africa Electrical Steel Sheet Market, By Product Type
15.3.1. Non-Oriented Electrical Steel Sheets
15.3.2. Grain-Oriented Electrical Steel Sheets
15.4. Africa Electrical Steel Sheet Market, By Thickness
15.4.1. 0.23 mm to 0.35
15.4.2. 0.35 mm to 0.50
15.4.3. 0.50 mm to 0.65
15.5. Africa Electrical Steel Sheet Market, By Application
15.5.1. Rotating Machines
15.5.1.1. Large Rotating Machines
15.5.1.2. Medium Rotating Machines
15.5.1.3. General use A.C. Motors
15.5.1.4. Small Motors and Intermittent Service A.C. Motors
15.5.1.5. Electrical Vehicle Driving Motors
15.5.1.6. Others
15.5.2. Static Machines
15.5.2.1. Power Transformers
15.5.2.2. Distribution Transformers
15.5.2.3. Audio Transformers
15.5.2.4. Current and Potential Transformers
15.5.2.5. Others
15.6. Africa Electrical Steel Sheet Market, By End Use Industries
15.6.1. Automotive
15.6.2. Construction and civil engineering
15.6.3. Power plants
15.6.4. Electrical appliances
15.6.5. Steel furniture
15.6.6. Others
15.7. Africa Electrical Steel Sheet Market Attractiveness Index
15.7.1. By Country
15.7.2. By Product Type
15.7.3. By Application
15.7.4. By Thickness
16. Competitive Landscape
16.1. Competition Dashboard
16.2. Company Share Analysis
16.3. Market Presence Analysis
16.3.1. Regional Footprint of Players
16.3.2. Product Footprint by Players
16.3.3. Channel Footprint by Players
16.4. Company Profiles
16.4.1. Murata Manufacturing Co., Ltd.
16.4.1.1. Company overview
16.4.1.2. Financial overview
16.4.1.3. Key developments
16.4.1.4. Swot analysis
16.4.1.5. Strategies
16.4.1.6. Product analysis
16.4.2. American Precision Glass Corp.
16.4.3. Atheer, Inc.
16.4.4. Vuzix
16.4.5. Thermoseal
16.4.6. Packerland Glass Products
16.4.7. Nippon Sheet Glass Co., Ltd.
16.4.8. CoorsTek, Inc.
16.4.9. Saint-Gobain
16.4.10. SCHOTT AG
16.4.11. AGC Inc.
16.4.12. Advanced Glass & Mirror, Inc.
16.4.13. Corning Incorporation
16.4.14. GUARDIAN INDUSTRIES
16.4.15. Sisecam Group
17. Acronyms
Electrical steel can be understood as a kind of specialty steel developed to create different magnetic characteristics, high receptiveness and minor amounts of core loss. This material is usually accessible in cold-rolled tapes that possess a thickness of about 2mm. When the electrical tapes are stacked collectively, they generate a core. Electrical steel is also often termed as silicon electrical steel, relay steel and lamination steel.
Growing electricity generation across the world and numerous initiatives commenced for improving power distribution centers in emerging countries are the main factors which are expected to drive the growth of market
The electrical steel sheet market is segmented on the basis of product type, applications, thickness, end use industries, and region.
The key participating players of the global electrical steel sheet market include Murata Manufacturing Co., Ltd., American Precision Glass Corp., Atheer, Inc., Vuzix, Thermoseal, Packerland Glass Products, Nippon Sheet Glass Co., Ltd., CoorsTek, Inc., Saint-Gobain, SCHOTT AG, AGC Inc., Advanced Glass & Mirror, Inc., Corning Incorporation, GUARDIAN INDUSTRIES, Sisecam Group, among others.