The global electric steel market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for electric steel in various industries such as industrial, aerospace and defence, and municipal infrastructure. The increasing demand for electric steel in these industries is due to its high strength and durability properties which make it suitable for use in various applications such as construction of buildings, bridges, and other structures.
The improved carbon structural steel segment accounted for the largest share of the global electric steel market in 2018 owing to its high strength properties which make it suitable for use in various applications such as construction of buildings, bridges, and other structures. The tool steel segment accounted for the second-largest share owing to its high hardness properties which make it suitable for use in manufacturing tools that are used extensively across various industries including automotive industry.
Some Of The Growth Factors Of This Market:
- Electric Steel Market Growth Factors: Increasing demand for electric vehicles and increasing demand for renewable energy are driving growth in the electric steel market.
Industry Growth Insights published a new data on “Electric Steel Market”. The research report is titled “Electric Steel Market research by Types (Improved Carbon Structural Steel, Tool Steel, Alloy Steel, Others), By Applications (Industrial, Aerospace and Defence, Municipal Infrastructure, Others), By Players/Companies Baowu, ArcelorMittal, JFE Steel, Shougang, TISCO, NSSMC, NLMK Group, AK Steel, ThyssenKrupp, Ansteel, Masteel, Posco, Cogent(Tata Steel), Voestalpine, Benxi Steel, APERAM, Nucor, ATI, Stalprodukt S.A., CSC”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Steel Market Research Report
By Type
Improved Carbon Structural Steel, Tool Steel, Alloy Steel, Others
By Application
Industrial, Aerospace and Defence, Municipal Infrastructure, Others
By Companies
Baowu, ArcelorMittal, JFE Steel, Shougang, TISCO, NSSMC, NLMK Group, AK Steel, ThyssenKrupp, Ansteel, Masteel, Posco, Cogent(Tata Steel), Voestalpine, Benxi Steel, APERAM, Nucor, ATI, Stalprodukt S.A., CSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Electric Steel Market Report Segments:
The global Electric Steel market is segmented on the basis of:
Types
Improved Carbon Structural Steel, Tool Steel, Alloy Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Aerospace and Defence, Municipal Infrastructure, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baowu
- ArcelorMittal
- JFE Steel
- Shougang
- TISCO
- NSSMC
- NLMK Group
- AK Steel
- ThyssenKrupp
- Ansteel
- Masteel
- Posco
- Cogent(Tata Steel)
- Voestalpine
- Benxi Steel
- APERAM
- Nucor
- ATI
- Stalprodukt S.A.
- CSC
Highlights of The Electric Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Improved Carbon Structural Steel
- Tool Steel
- Alloy Steel
- Others
- By Application:
- Industrial
- Aerospace and Defence
- Municipal Infrastructure
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric steel is a type of steel that has been treated with an electric arc to produce a hard, durable surface.
Some of the key players operating in the electric steel market are Baowu, ArcelorMittal, JFE Steel, Shougang, TISCO, NSSMC, NLMK Group, AK Steel, ThyssenKrupp, Ansteel, Masteel, Posco, Cogent(Tata Steel), Voestalpine, Benxi Steel, APERAM, Nucor, ATI, Stalprodukt S.A., CSC.
The electric steel market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Steel Market - Supply Chain
4.5. Global Electric Steel Market Forecast
4.5.1. Electric Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Steel Market Absolute $ Opportunity
5. Global Electric Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Steel Market Size and Volume Forecast by Type
5.3.1. Improved Carbon Structural Steel
5.3.2. Tool Steel
5.3.3. Alloy Steel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Steel Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Aerospace and Defence
6.3.3. Municipal Infrastructure
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Steel Demand Share Forecast, 2019-2026
9. North America Electric Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Steel Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Aerospace and Defence
9.4.3. Municipal Infrastructure
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Steel Market Size and Volume Forecast by Type
9.7.1. Improved Carbon Structural Steel
9.7.2. Tool Steel
9.7.3. Alloy Steel
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Steel Demand Share Forecast, 2019-2026
10. Latin America Electric Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Steel Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Aerospace and Defence
10.4.3. Municipal Infrastructure
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Steel Market Size and Volume Forecast by Type
10.7.1. Improved Carbon Structural Steel
10.7.2. Tool Steel
10.7.3. Alloy Steel
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Steel Demand Share Forecast, 2019-2026
11. Europe Electric Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Steel Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Aerospace and Defence
11.4.3. Municipal Infrastructure
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Steel Market Size and Volume Forecast by Type
11.7.1. Improved Carbon Structural Steel
11.7.2. Tool Steel
11.7.3. Alloy Steel
11.7.4. Others
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Steel Demand Share, 2019-2026
12. Asia Pacific Electric Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Steel Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Aerospace and Defence
12.4.3. Municipal Infrastructure
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Steel Market Size and Volume Forecast by Type
12.7.1. Improved Carbon Structural Steel
12.7.2. Tool Steel
12.7.3. Alloy Steel
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Steel Demand Share, 2019-2026
13. Middle East & Africa Electric Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Steel Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Aerospace and Defence
13.4.3. Municipal Infrastructure
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Steel Market Size and Volume Forecast by Type
13.7.1. Improved Carbon Structural Steel
13.7.2. Tool Steel
13.7.3. Alloy Steel
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Steel Market: Market Share Analysis
14.2. Electric Steel Distributors and Customers
14.3. Electric Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baowu
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ArcelorMittal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JFE Steel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shougang
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TISCO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NSSMC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NLMK Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AK Steel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ThyssenKrupp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ansteel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Masteel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Posco
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cogent(Tata Steel)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Voestalpine
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Benxi Steel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. APERAM
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nucor
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ATI
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Stalprodukt S.A.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. CSC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
