Market Overview:
The global electrical steel strips 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 vehicles and renewable energy sources. Additionally, the growing demand for semiconductors and other electronic devices is also contributing to the growth of this market. Based on type, the global electrical steel strips market can be segmented into oriented electrical steel strips and non-oriented electrical steel strips. The oriented electrical steel strip segment is expected to account for a larger share of the global market than the non-oriented Electrical Steel Strip segment during the forecast period from 2018 to 2030.
Product Definition:
electrical steel strips: a type of steel used in electrical equipment, typically in transformer cores, motor laminations,.
Oriented Electrical Steel Strips:
Oriented electrical steel strips are used in the manufacturing of electrical appliances such as motors, switches, and circuit breakers. Oriented Electrical Steel Strips (oes) exhibit superior properties such as high tensile strength and good corrosion resistance which makes them suitable for use in applications involving moisture or damp conditions. OES have a uniform cross-section throughout its length which reduces the possibility of electric leakage due to internal short circuits.
Non-oriented Electrical Steel Strips:
Non-oriented electrical steel strips are made from a special type of steel that has been processed to remove any internal angles. They have uniform thickness and therefore can be used in various applications where dimensional accuracy is not important.
These products are widely used in the manufacturing of circuit boards, housing for electronic devices, mobile phone cases as well as other industrial equipment like electric motors and transformers where size and weight matter a lot.
Application Insights:
The industrial application segment accounted for the largest volume share of over 50% in 2017. The growing demand for electrical steel strips from various industries including power, oil & gas, construction and automotive is expected to drive growth. In addition, increasing focus on energy efficiency coupled with rising need for green buildings is likely to propel product demand in industrial applications over the forecast period.
Aerospace was the second-largest application segment accounting for a volume share of 19% in 2017 owing to increasing use of electrical steel strips as an alternative to aluminum alloys due to its high strength-to-weight ratio and lightweight properties which makes it suitable material for structural components such as primary wing spars and leading edge root extensions among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of the total revenue in 2017 owing to high product demand from various end-use industries, such as industrial, aerospace & defense, electrical & electronics. China is one of the largest producers and consumers of steel products across this region.
The country has been witnessing strong economic growth on account rising investments in various sectors including manufacturing, construction, energy production and distribution among others. Growing infrastructure activities coupled with rapid urbanization are likely to drive product demand from residential buildings as well as non-residential structures such as hospitals and schools among others over next eight years which will further propel regional growth during forecast period.
Growth Factors:
- Increasing demand from the automotive and electrical industries
- Growing popularity of electric vehicles
- Rising investment in renewable energy sources
- Proliferation of smart grids and energy storage systems
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Steel Strips Market Research Report
By Type
Oriented Electrical Steel Strips, Non-oriented Electrical Steel Strips
By Application
Industrial, Aerospace, Defense, Semiconductor, Medical, Other
By Companies
Voestalpine, JFE Steel Corporation, Nippon Steel Corporation, AK Steel, Tata Steel, Stalprodukt S.A., Baowu Group, SMS group, Stalprodukt S.A., Voestalpine
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Steel Strips Market Report Segments:
The global Electrical Steel Strips market is segmented on the basis of:
Types
Oriented Electrical Steel Strips, Non-oriented Electrical Steel Strips
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, Defense, Semiconductor, Medical, 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:
- Voestalpine
- JFE Steel Corporation
- Nippon Steel Corporation
- AK Steel
- Tata Steel
- Stalprodukt S.A.
- Baowu Group
- SMS group
- Stalprodukt S.A.
- Voestalpine
Highlights of The Electrical Steel Strips 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:
- Oriented Electrical Steel Strips
- Non-oriented Electrical Steel Strips
- By Application:
- Industrial
- Aerospace
- Defense
- Semiconductor
- Medical
- 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 Electrical Steel Strips 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?
Electrical steel strips are a type of electrical insulation material. They are made from a thin sheet of metal that is coated with an insulating material. The coating makes the metal resistant to electricity and helps protect the underlying wire against corrosion.
Some of the key players operating in the electrical steel strips market are Voestalpine, JFE Steel Corporation, Nippon Steel Corporation, AK Steel, Tata Steel, Stalprodukt S.A., Baowu Group, SMS group, Stalprodukt S.A., Voestalpine.
The electrical steel strips market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Steel Strips 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 Electrical Steel Strips Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Steel Strips 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 Electrical Steel Strips 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 Electrical Steel Strips Market Size & Forecast, 2018-2028
4.5.1 Electrical Steel Strips Market Size and Y-o-Y Growth
4.5.2 Electrical Steel Strips Market Absolute $ Opportunity
Chapter 5 Global Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Type
5.2.1 Oriented Electrical Steel Strips
5.2.2 Non-oriented Electrical Steel Strips
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Aerospace
6.2.3 Defense
6.2.4 Semiconductor
6.2.5 Medical
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Steel Strips 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 Electrical Steel Strips 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 Electrical Steel Strips Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Type
9.6.1 Oriented Electrical Steel Strips
9.6.2 Non-oriented Electrical Steel Strips
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 Electrical Steel Strips Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Aerospace
9.10.3 Defense
9.10.4 Semiconductor
9.10.5 Medical
9.10.6 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 Electrical Steel Strips Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Type
10.6.1 Oriented Electrical Steel Strips
10.6.2 Non-oriented Electrical Steel Strips
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 Electrical Steel Strips Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Aerospace
10.10.3 Defense
10.10.4 Semiconductor
10.10.5 Medical
10.10.6 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 Electrical Steel Strips Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Type
11.6.1 Oriented Electrical Steel Strips
11.6.2 Non-oriented Electrical Steel Strips
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 Electrical Steel Strips Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Aerospace
11.10.3 Defense
11.10.4 Semiconductor
11.10.5 Medical
11.10.6 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 Electrical Steel Strips Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Steel Strips 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 Electrical Steel Strips Market Size Forecast by Type
12.6.1 Oriented Electrical Steel Strips
12.6.2 Non-oriented Electrical Steel Strips
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 Electrical Steel Strips Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Aerospace
12.10.3 Defense
12.10.4 Semiconductor
12.10.5 Medical
12.10.6 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) Electrical Steel Strips Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Steel Strips 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) Electrical Steel Strips Market Size Forecast by Type
13.6.1 Oriented Electrical Steel Strips
13.6.2 Non-oriented Electrical Steel Strips
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) Electrical Steel Strips Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Aerospace
13.10.3 Defense
13.10.4 Semiconductor
13.10.5 Medical
13.10.6 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 Electrical Steel Strips Market: Competitive Dashboard
14.2 Global Electrical Steel Strips Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Voestalpine
14.3.2 JFE Steel Corporation
14.3.3 Nippon Steel Corporation
14.3.4 AK Steel
14.3.5 Tata Steel
14.3.6 Stalprodukt S.A.
14.3.7 Baowu Group
14.3.8 SMS group
14.3.9 Stalprodukt S.A.
14.3.10 Voestalpine
