Market By Type, Application, End-user And Geography | Forecast 2020-2028
As per a Triton Market Research report, the electric steel market in Europe is set to surge at a CAGR of 5.57% in the projected period 2020-2028.
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The countries evaluated in the Europe electric steel market are:
•          Italy
•          The United Kingdom
•          Germanys
•          Russia
•          France
•          SpainÂ
•          Rest of Europe
The electrical steel market in Europe is primarily driven by the increasing electricity consumption & demand, huge investments towards the development of smart grid infrastructure, growing demand for consumer electronics and vast iron-ore deposits. Electric steel is basically used in transformers, inductors and motors.
The growing adoption of electric vehicles, coupled with the UK government’s support towards electric vehicles in the form of grants and other incentives, is creating immense opportunity for the development and adoption of the electrical steel market. The Government of the United Kingdom offers grants to promote the deployment of electric vehicles (EVs) and hybrid electric vehicles (HEVs). This EV grant scheme provided by the UK government is anticipated to augment the electric steel market growth in the country.
The government has extended the EV grant scheme until 2020, with funding of about $665.8 million to boost the implementation of ultra-low emission vehicles. Approximately $42.6 million of additional financing is offered for enhancing the existing electric vehicle charging infrastructure in the country. Electric vehicles need soft magnetic materials with reduced core losses and high flux density at high frequency. As these properties are found in electric steel, the increasing demand for electric vehicles will consequently increase the demand for electric steel, and thus, push the market growth.
Incorporated in 1999, ThyssenKrupp AG is a company that supplies high-quality steel products. It operates primarily in the areas of plant, materials and mechanical technologies. It operates in four business segments – elevator technology, component technology segment, material services segment and industrial solutions segment. The company has its headquarters in Essen, Germany.
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VIEW REPORT1. EUROPE ELECTRIC STEEL MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. GROWTH IN ELECTRICITY DEMAND
2.2.2. TRANSFORMERS CAPTURES LARGEST MARKET SHARE IN APPLICATION SEGMENT
2.3. EVOLUTION & TRANSITION OF ELECTRIC STEEL
2.4. PORTER’S FIVE FORCE ANALYSIS
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF SUPPLIERS
2.4.4. BARGAINING POWER OF BUYERS
2.4.5. THREAT OF COMPETITIVE RIVALRY
2.5. KEY IMPACT ANALYSIS
2.5.1. COST
2.5.2. APPLICATION
2.5.3. SPECIFICATIONS
2.6. MARKET ATTRACTIVENESS INDEX
2.7. INDUSTRY COMPONENTS
2.7.1. RAW MATERIAL SUPPLIERS
2.7.2. MANUFACTURERS
2.7.3. DISTRIBUTORS
2.7.4. END-USERS
2.8. REGULATORY FRAMEWORK
2.9. MARKET DRIVERS
2.9.1. GROWTH IN URBAN POPULATION
2.9.2. INCREASED DEMAND FOR TRANSFORMERS & MOTORS
2.9.3. GROWTH IN TRACTION FOR ELECTRIC VEHICLES
2.9.4. INCREASED DEMAND BY POWER SECTOR FOR ELECTRIC STEELS
2.10. MARKET RESTRAINTS
2.10.1. VOLATILITY AND FLUCTUATIONS IN RAW MATERIAL PRICES
2.11. MARKET OPPORTUNITIES
2.11.1. REGULATIONS IN FAVOUR OF ELECTRIC STEEL MARKET
2.12. MARKET CHALLENGES
2.12.1. SAFETY & TECHNOLOGICAL CONSTRAINTS
3. EUROPE ELECTRIC STEEL MARKET OUTLOOK - BY TYPE
3.1. GRAIN-ORIENTED STEEL
3.1.1. FULLY PROCESSED GRAIN-ORIENTED STEEL
3.1.2. SEMI PROCESSED GRAIN-ORIENTED STEEL
3.2. NON-GRAIN-ORIENTED STEEL
4. EUROPE ELECTRIC STEEL MARKET OUTLOOK - BY APPLICATION
4.1. TRANSFORMERS
4.1.1. CURRENT TRANSFORMERS
4.1.2. POWER TRANSFORMERS
4.1.3. DISTRIBUTION TRANSFORMERS
4.2. MOTORS
4.3. INDUCTORS
4.4. OTHERS
5. EUROPE ELECTRIC STEEL MARKET OUTLOOK - BY END-USER
5.1. ENERGY
5.2. AUTOMOBILES
5.3. MANUFACTURING
5.4. HOUSEHOLD APPLIANCES
5.5. OTHERS
6. EUROPE ELECTRIC STEEL MARKET – REGIONAL OUTLOOK
6.1. UNITED KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIA
6.7. REST OF EUROPE
7. COMPETITIVE LANDSCAPE
7.1. ARCELORMITTAL
7.2. ARNOLD MAGNETIC TECHNOLOGIES
7.3. BAOSTEEL GROUP
7.4. CHINASTEEL
7.5. AK STEEL CORPORATION
7.6. NIPPON STEEL CORPORATION
7.7. ORCHIDS INTERNATIONAL
7.8. POSCO
7.9. SKO-DIE INC
7.10. SAIL (STEEL AUTHORITY OF INDIA LIMITED)
7.11. THYSSENKRUPP AG
7.12. BRS (BIG RIVER STEEL)
7.13. VOESTALPINE AG
7.14. TATA STEEL
7.15. JFE STEEL CORPORATION
8. METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: EUROPE ELECTRIC STEEL MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: EUROPE ELECTRIC STEEL MARKET, BY TYPE, 2020-2028 (IN $ MILLION)
TABLE 6: EUROPE ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
TABLE 7: EUROPE ELECTRIC STEEL MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 8: EUROPE ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
TABLE 9: EUROPE ELECTRIC STEEL MARKET, BY END-USER, 2020-2028 (IN $ MILLION)
TABLE 10: EUROPE ELECTRIC STEEL MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
FIGURE 1: TIMELINE OF ELECTRIC STEEL
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: INDUSTRY COMPONENTS
FIGURE 5: MANUFACTURING PROCESS OF ELECTRIC STEEL
FIGURE 6: EUROPE ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 7: EUROPE ELECTRIC STEEL MARKET, BY FULLY PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 8: EUROPE ELECTRIC STEEL MARKET, BY SEMI PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 9: EUROPE ELECTRIC STEEL MARKET, BY NON-GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 10: EUROPE ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 11: EUROPE ELECTRIC STEEL MARKET, BY CURRENT TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 12: EUROPE ELECTRIC STEEL MARKET, BY POWER TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 13: EUROPE ELECTRIC STEEL MARKET, BY DISTRIBUTION TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 14: EUROPE ELECTRIC STEEL MARKET, BY MOTORS, 2020-2028 (IN $ MILLION)
FIGURE 15: EUROPE ELECTRIC STEEL MARKET, BY INDUCTORS, 2020-2028 (IN $ MILLION)
FIGURE 16: EUROPE ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 17: EUROPE ELECTRIC STEEL MARKET, BY ENERGY, 2020-2028 (IN $ MILLION)
FIGURE 18: EUROPE ELECTRIC STEEL MARKET, BY AUTOMOBILES, 2020-2028 (IN $ MILLION)
FIGURE 19: EUROPE ELECTRIC STEEL MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)
FIGURE 20: EUROPE ELECTRIC STEEL MARKET, BY HOUSEHOLD APPLIANCES, 2020-2028 (IN $ MILLION)
FIGURE 21: EUROPE ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 22: EUROPE ELECTRIC STEEL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 23: UNITED KINGDOM ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 24: GERMANY ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 25: FRANCE ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 26: SPAIN ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 27: ITALY ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 28: RUSSIA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 29: REST OF EUROPE ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)