NORTH AMERICA ELECTRICAL STEEL MARKET FORECAST 2019-2027

NORTH AMERICA ELECTRICAL STEEL MARKET FORECAST 2019-2027

  • October 2018 •
  • 78 pages •
  • Report ID: 5597360 •
  • Format: PDF
KEY FINDINGS
The North American electrical steel market is poised to have a CAGR of 5.18% over the forecast period of 2019-2027. The USA is the fastest growing market for electric steel in North America. In terms of revenue, both USA and Canada are lucrative options for the electric steel market.

MARKET INSIGHTS
Increasing urban population, new sub-station and power transmission line projects, rising demand for electric vehicles, replacement of old power transformers and increasing power demand are some of the factors driving the growth of the electric steel market in North America.Replacing aging power transformers and power transmission lines is expected to augment the demand for electrical steel products over the forecast period.

Also, governments of the US and Canada are taking an interest in promoting electric vehicle market by incentivizing both production and sales. This is likely to augment the demand for electrical steel products in the automobile sector.

COMPETITIVE INSIGHTS
Prominent companies involved in the North American electrical steel market are ThyssenKrupp Ag, Union States Steel Corporation, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Posco, Arnold Magnetic Technologies Corp., Jiangsu Shagang International Trade Co. Ltd, Baosteel Group, Sko-Die Inc., Voestalpine Ag, Orchid International and ArcelorMittal SA.

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