Asia-Pacific electrical steel market is projected to register a CAGR of 8.1% in the forecast period of 2020 to 2027. The new market report contains data for historic years 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Asia-Pacific Electrical Steel Market, By Type (Grain Oriented Steel (CGRO), Non-Oriented Electrical Steel (CRNGO), Thickness (0.23 Mm, 0.27 Mm, 0.30 Mm, 0.35 Mm, 0.5 Mm, 0.65 Mm and Others), Core Losses (Less Than 0.9 W/Kg, 0.90 W/Kg to 0.99 W/Kg, 1.00 W/Kg to 1.29 W/Kg, 1.30 W/Kg to 1.39 W/Kg and Above 1.39 W/Kg), Flux Density (Less Than 1.65 Tesla, 1.65 Tesla to 1.69 Tesla, 1.69 Tesla to 1.73 Tesla, 1.73 Tesla to 1.76 Tesla and Above 1.76 Tesla), Application (Transformers, Inductors, Battery, Shunt Reactors, Convertors, Motors, Electrical Ballasts, Power Generators, Wound Cores and Others), End-User (Energy and Power, Household Appliances, Automobiles, Building and Construction and Others), Country (Japan, China, South Korea, India, Australia, Taiwan, Hong-Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Asia-pacific electrical steel market are:
• Growing demand by power generation industries
• Rising demand of the high permeability grades alloy core and weight reduction materials in the power industries
Market Players:
The key market players for Asia-pacific electrical steel market are listed below:
• SAIL
• POSCO
• ChinaSteel
• JFE Steel Corporation (a subsidiary of JFE Holdings, Inc.)
• Hebei Puyang Iron and Steel Group
• Electrosteel Steels Ltd. (a subsidiary of Vedanta Resources Limited)
• voestalpine AG
• SHAGANG GROUP Inc.
• ArcelorMittal
• NIPPON STEEL CORPORATION
• Tata Steel
• Hesteel Group Tangsteel Company
• thyssenkrupp AG
• ATI
• Aperam
• Baosteel Group Hu