Report Description

Global Electrical Steel Market By Type (Cold Rolled Grain Oriented Vs Cold Rolled Non Grain Oriented), By Application (Power Transformer, Distribution Transformer & Others), By Region, Competition Forecast and Opportunities 2013 – 2023

  • Publish Date:November, 2018
  • Format : PDF
  • Pages : 195
  • Industry : Infrastructure

Global electrical steel market stood at $ 8.3 billion in 2017 and is projected to reach $ 11.1 billion by 2023, on account of growing electricity demand in residential, commercial and industrial sectors, which in turn boosts the use of electrical steel in transformers and motors. Over the coming years, demand for electrical steel from the power sector is expected to grow at a robust pace, on account of huge demand for new transformers in renewable energy sector including wind and solar. Technological advancements, increasing demand for electric hybrid vehicles and government support are some of the other factors that would have a positive impact on the electrical steel market, globally, during forecast period.  

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • The primary objective of the study is to understand and gain insights about global electrical steel market and its segmental analysis by type, by application and by region.
  • To estimate and forecast global electrical steel market size.
  • To categorize and forecast global electrical steel market by Type such as cold rolled grain oriented and cold rolled non grain oriented.
  • To categorize and forecast global electrical steel market by application such as power transformer, distribution transformer, instrument transformer, motor, inductor and others.
  • To categorize and forecast global electrical steel market by region such as Asia-Pacific, Europe, North America, South America and Middle East & Africa.
  • To identify major drivers & challenges for global electrical steel market.
  • To identify major trends in global electrical steel market.
  • To profile major companies operating in global electrical steel market.


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Some of the major players operating in global electrical steel market are ArcelorMittal, POSCO, ThyssenKrupp Steel Europe, Nippon Steel & Sumitomo Metal Corporation, United States Steel Corporation, China Baowu Steel Group Corporation Limited, TATA Steel Limited, AK Steel Corporation, Hyundai Steel, Ansteel Group Corporation Limited, Hesteel Group Company Limited, etc. 

To analyze and forecast global electrical steel market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in global electrical steel market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for electrical steel market, globally.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned in the country were identified. Various secondary sources such as white papers and secondary literature on World Steel Association, Indian Steel Association, UN Comtrade, Federation of Indian Chambers of Commerce & Industry (FICCI), Annual Reports, International Monetary Fund and World Bank were also studied by TechSci Research.

Key Target Audience:

  • Electrical Steel Manufacturers, Distributors and End Users
  • Assembling Companies
  • Government bodies such as regulating authorities and policy makers
  • Associations, organizations, forums and alliances related to electrical steel
  • Market research organizations and consulting firms

The study is essential in delivering useful information to industry stakeholders such as manufacturing companies, assembling companies, distributors and end users related to electrical steel market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.

Report Scope:

In this report, global electrical steel market has been segmented into the following categories, in addition to the industry trends which have also been listed below:

  • Market, by Type:
    • Cold Rolled Grain Oriented
    • Cold Rolled Non Grain Oriented
  • Market, by Application:
    • Power Transformer
    • Distribution Transformer
    • Instrument Transformer
    • Motor
    • Inductor
    • Others
  • Market, by Region:
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Taiwan
      • Rest of Region
    • Europe
      • Germany
      • Russia
      • Turkey
      • Italy
      • Spain
      • Rest of Region
    • North America
      • US
      • Canada
      • Mexico
      • Rest of Region
    • South America
      • Brazil
      • Argentina
      • Chile
      • Rest of Region
    • Middle East & Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • Iran
      • Rest of Region

Competitive Landscape 

Competitive Benchmarking: Benchmarking of leading 10 players on the basis of type. 

Company Profiles: Detailed analysis of the major companies present in global electrical steel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you can’t find what you are looking for, then please get in touch with our custom research team at 

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