ASIA PACIFIC ELECTRICAL STEEL MARKET FORECAST 2019-2027

ASIA PACIFIC ELECTRICAL STEEL MARKET FORECAST 2019-2027

  • October 2018 •
  • 74 pages •
  • Report ID: 5597358 •
  • Format: PDF
KEY FINDINGS
The Asia Pacific market for electrical steel is the most dominant market in terms of global market share and revenue. The CAGR for the Asia Pacific electrical steel market is projected at 6.55% for the forecast period of 2019-2027.

MARKET INSIGHTS
Asia-Pacific electrical steel market is expected to be on an up-surging trend owing to the increasing urban population, supportive government initiatives promoting electrical steel and the growing sales of consumer appliances.Urban population explosion is expected to increase the electricity demand and result in the installation of new transformers and infrastructural developments that would increase the demand for electric steel.

Furthermore, supportive government initiatives promoting electrical steel is expected to create huge growth opportunities for the electrical steel market in this region.

COMPETITIVE INSIGHTS
Prominent market players involved in the Asia Pacific electrical steel market are Steel Authority Of India Limited (Sail), Baosteel Group, Posco, Sko-Die Inc., China Steel Corporation, Jiangsu Shagang International Trade Co. Ltd, ArcelorMittal Sa, Arnold Magnetic Technologies Corp., Union States Steel Corporation, Voestalpine Ag, Orchid International, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation and ThyssenKrupp Ag.

Companies mentioned
1. ARCELORMITTAL SA
2. ARNOLD MAGNETIC TECHNOLOGIES CORP.
3. BAOSTEEL GROUP
4. CHINA STEEL CORPORATION
5. JIANGSU SHAGANG INTERNATIONAL TRADE CO., LTD
6. NIPPON STEEL & SUMITOMO METAL CORPORATION
7. ORCHID INTERNATIONAL
8. POSCO
9. SKO-DIE, INC.
10. STEEL AUTHORITY OF INDIA LIMITED (SAIL)
11. THYSSENKRUPP AG
12. UNION STATES STEEL CORPORATION
13. UNITED STATES STEEL CORPORATION
14. VOESTALPINE AG