Electrical Steel Market expected to stand at 38.98 Billion USD by 2021, at a CAGR of 7.0%, between 2016–2021
[191 Pages Report] The overall Electrical Steel Market is expected to grow from USD 26.35 billion in 2015 to USD 38.98 billion by 2021, at a CAGR of 7.0% from 2016 to 2021. Electrical steel is a unique type of steel specialized to produce assured magnetic properties resulting in low core loss along with high permeability. Its unique properties are dependent on the proportion of silicon. Electrical steel is manufactured in the form of cold-rolled strips, with a thickness of less than 2 mm. These strips are called laminated strips and when stacked together they form a core.
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The report aims at estimating the market size and future growth potential of the electrical steel market across different segments such as type, application, end-use industry, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market.
The major players in the Electrical Steel Market includes ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine Group (Austria), Baosteel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel Corporation (U.S.), Steel Authority of India Limited. (India), Tata Steel (India), JFE Steel Corporation (India), and Essar Steel (India).
Read More @ https://www.prnewswire.com/news-releases/electrical-steel-market-worth-3898-billion-usd-by-2021-618239233.html
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