Market Overview:
The global electric magnetic steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric magnetic steel from various end-use industries, such as energy, automotive, manufacturing, electrical appliances product and others. In terms of type, directional electromagnetic steel is expected to hold a larger share of the global electric magnetic steel market during the forecast period. This can be attributed to its high demand from end-use industries for various applications such as transformers and motors.
Product Definition:
Electric Magnetic Steel is a special type of steel that is used in electric motors and generators. It has a high magnetic permeability, which means it can store a lot of magnetic energy. This makes it ideal for use in electric machines.
Directional Electromagnetic Steel:
Directional Electromagnetic Steel (DEMS) is a new type of steel which has directional properties like the ferromagnetic metal. It can be magnetized in only one direction. The material consists of nanoparticles, these particles have magnetic moments and they are oriented in a particular way that produces the effect similar to that of a magnetic dipole for electric currents.
Non-Directional Electromagnetic Steel:
Non-directional electromagnetic steel is a type of steel that can be magnetized in any direction. It has no preferred orientation and can be used to make electric magnetic steels. These are used for making electrical transmission lines, power transformers, and other related products where the direction of magnetization does not matter.
Application Insights:
The manufacturing application segment led the global electric magnetic steel market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for industrial products, such as cutting tools and dies, from the manufacturing sector of various end-use industries. In addition, rapid urbanization coupled with rising living standards in developing countries has created a strong demand for automobiles, which is also expected to boost industry growth over the next eight years.
The product finds applications in several consumer appliances including refrigerators/freezers, washing machines/dryers and microwave ovens among others owing to its properties that make it suitable for use in high-temperature environments. The electrical application segment accounted for 15% of overall revenue share in 2017 on account of growing usage across residential & commercial buildings as well as automotive applications worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and South Korea. Rapid industrialization coupled with increasing per capita income in these countries has resulted in a growing demand for advanced steel products from various end-use industries.
China accounted for approximately 45% of the Asia Pacific market revenue owing to large-scale investments made by Chinese steel companies such as Hebei Iron & Steel Group Co., Ltd., Jilin Iron & Steel Corp., etc. In addition, rising construction activities due to rapid urbanization are also anticipated to drive product demand over the next eight years.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 till 2030 owing an increase in automotive production across major economies including Germany, France Italy.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and electrical & electronics
- Growing popularity of electric vehicles
- Rising investments in infrastructure development
- Proliferation of advanced manufacturing technologies
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Magnetic Steel Market Research Report
By Type
Directional Electromagnetic Steel, Non-Directional Electromagnetic Steel
By Application
Energy, Car, Manufacturing, Electrical Appliances Product, Other
By Companies
Arcelormittal, Arnold Magnetic Technologies, Baosteel Group, Orchid International, Posco, Sko-Die, Thyssenkrupp, Union States Steel, United States Steel, Voestalpine, Arcelormittal
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Electric Magnetic Steel Market Report Segments:
The global Electric Magnetic Steel market is segmented on the basis of:
Types
Directional Electromagnetic Steel, Non-Directional Electromagnetic Steel
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
Energy, Car, Manufacturing, Electrical Appliances Product, Other
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:
- Arcelormittal
- Arnold Magnetic Technologies
- Baosteel Group
- Orchid International
- Posco
- Sko-Die
- Thyssenkrupp
- Union States Steel
- United States Steel
- Voestalpine
- Arcelormittal
Highlights of The Electric Magnetic 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:
- Directional Electromagnetic Steel
- Non-Directional Electromagnetic Steel
- By Application:
- Energy
- Car
- Manufacturing
- Electrical Appliances Product
- Other
- 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 Magnetic 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 magnetic steel is a type of steel that uses an electric current to create a magnetic field. This creates an intense force that can be used to make the metal stronger and more durable.
Some of the major players in the electric magnetic steel market are Arcelormittal, Arnold Magnetic Technologies, Baosteel Group, Orchid International, Posco, Sko-Die, Thyssenkrupp, Union States Steel, United States Steel, Voestalpine, Arcelormittal.
The electric magnetic steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Magnetic Steel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Electric Magnetic Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electric Magnetic Steel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Electric Magnetic Steel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Electric Magnetic Steel Market Size & Forecast, 2020-2028 4.5.1 Electric Magnetic Steel Market Size and Y-o-Y Growth 4.5.2 Electric Magnetic Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Directional Electromagnetic Steel
5.2.2 Non-Directional Electromagnetic Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Car
6.2.3 Manufacturing
6.2.4 Electrical Appliances Product
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Magnetic Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Magnetic Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Directional Electromagnetic Steel
9.6.2 Non-Directional Electromagnetic Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Car
9.10.3 Manufacturing
9.10.4 Electrical Appliances Product
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Directional Electromagnetic Steel
10.6.2 Non-Directional Electromagnetic Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Car
10.10.3 Manufacturing
10.10.4 Electrical Appliances Product
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Directional Electromagnetic Steel
11.6.2 Non-Directional Electromagnetic Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Car
11.10.3 Manufacturing
11.10.4 Electrical Appliances Product
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Directional Electromagnetic Steel
12.6.2 Non-Directional Electromagnetic Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Car
12.10.3 Manufacturing
12.10.4 Electrical Appliances Product
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Directional Electromagnetic Steel
13.6.2 Non-Directional Electromagnetic Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Car
13.10.3 Manufacturing
13.10.4 Electrical Appliances Product
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Magnetic Steel Market: Competitive Dashboard
14.2 Global Electric Magnetic Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcelormittal
14.3.2 Arnold Magnetic Technologies
14.3.3 Baosteel Group
14.3.4 Orchid International
14.3.5 Posco
14.3.6 Sko-Die
14.3.7 Thyssenkrupp
14.3.8 Union States Steel
14.3.9 United States Steel
14.3.10 Voestalpine
14.3.11 Arcelormittal