Silicon steel is a soft magnetic material that is used in electrical power transformers, motors and generators. It has a high silicon content of about 3.2 mass %, which increases the electrical resistivity of iron and, therefore, reduces eddy current losses.
Global Silicon Steel market size will increase to xx Million US$ by 2026, from xx Million US$ in 2020, at a CAGR of xx% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Silicon Steel.
This report covers the present status and the future prospects of the global Silicon Steel market for 2015-2026.
The report offers detailed coverage of Silicon Steel industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Silicon Steel by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
POSCO, Tata Steel, Nippon Steel & Sumitomo Metal, ArcelorMittal, Shougang, Hyundai Steel, Ansteel Group, China Baowu Steel Group, JFE Steel Corporation, Benxi Steel Group, Hesteel Group, United States Steel Corporation, Nucor Corporation, China Steel Corporation, Shagang Group, Steel Authority of India Limited, NLMK Group, Maanshan Steel, ThyssenKrupp, JSW Steel Ltd, Valin Steel Group
Market Segment as follows:
Market by Order Type
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel
Silicon Steel Breakdown Data by Application
Automotive
Construction
Home Appliance
Machinery
Other
Silicon Steel Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Silicon Steel market for the forecast period 2021 - 2026?
• What are the driving forces in the Silicon Steel market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Silicon Steel industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.