Lucintel's latest market report analyzed that electrical steel provides attractive opportunities in the transformer, motor, and inductor industries. The electrical steel market is expected to grow at a CAGR of 7%-9%. In this market, a transformer is the largest segment by application, whereas energy is largest by end use industry.
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Based on application, the electrical steel market is segmented into transformers, motors, and inductors. The transformers segment accounted for the largest share of the market in 2020 as there is growing energy consumption across the globe.
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The electrical steel market is marked by the presence of several big and small players. Some of the prominent players offering Electrical steel include ArcelorMittal, POSCO, Voestalpine, Baosteel, and Nippon Steel & Sumitomo Metal.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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