Europe electrical steel market is projected to register a CAGR of 7.2% in the forecast period 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Europe 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, 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 (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Europe electrical steel market:
• Increasing demand of steel sheet in motors of hybrid/electrical vehicles
• Modest improvements in offices using electrical steel
Market Players:
The key market players for Europe electrical steel market are listed below:
• ArcelorMittal
• thyssenkrupp AG
• Tata Steel
• United States Steel
• voestalpine AG
• NIPPON STEEL CORPORATION
• Cogent Power Limited
• Aperam
• ATI
• Baosteel Group Hu