LATIN AMERICA ELECTRIC STEEL MARKET 2020-2028

Building & Construction | Construction Materials

LATIN AMERICA ELECTRIC STEEL MARKET 2020-2028

Market By Type, Application, End-user And Geography | Forecast 2020-2028

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 An analysis by Triton Market Research on the electric steel market in Latin America depicts that it will show substantial growth, at a CAGR of 5.33%, in the forecasting period 2020-2028.



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The countries reviewed in the Latin American electric steel market are:

           Mexico

           Brazil

           Rest of Latin America

The rising demand for efficient electric energy consumption is instigating the adoption of steel, which has the capability to convert electrical energy to mechanical energy. The increasing adoption of electric steel in the manufacturing of transformers and motors, with an aim to reduce power loss, is boosting the growth of the electric steel market in Latin America.

The companies based in Latin America are trying to develop and improve their processes that lets them develop energy-efficient material. In 2016, Minas Gerais-based steelmaker, Aperam, developed “high-permeability grain-oriented steel.” It is an energy-efficient material that can be used in the manufacturing of transformers, generators, etc. The increasing electricity production and consumption in the Latin American countries are influencing the adoption rate of electric steel. This factor is expected to create a huge growth opportunity for the electrical steel market in the country. Besides, the rising adoption of electrical steel in electric vehicle (EV) will open up new horizons for the Latin American electrical steel market.

Moreover, by creating awareness regarding the benefits of Industry 4.0 (a phase in the fourth industrial revolution) and by finding a strategy for the implementation of 4.0 technologies, the phase will be thriving in Brazil, thereby increasing the use of potential applications of electric steel.

Voestalpine AG is a company involved in the processing and manufacturing of steel. The company offers products, including steel strips and plates and other special products like narrow strip, high-speed steel and special steel forgings. It offers products to different sectors like automotive, railway, construction, aerospace and civil. The company has major business operations in more than 50 countries, including the Latin America.

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Table of Content

1.    LATIN AMERICA 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.    LATIN AMERICA 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.    LATIN AMERICA 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.    LATIN AMERICA ELECTRIC STEEL MARKET OUTLOOK - BY END-USER

5.1. ENERGY

5.2. AUTOMOBILES

5.3. MANUFACTURING

5.4. HOUSEHOLD APPLIANCES

5.5. OTHERS

6.    LATIN AMERICA ELECTRIC STEEL MARKET – REGIONAL OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

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

List of Tables

TABLE 1: LATIN AMERICA ELECTRIC STEEL MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

TABLE 4: REGULATORY FRAMEWORK

TABLE 5: LATIN AMERICA ELECTRIC STEEL MARKET, BY TYPE, 2020-2028 (IN $ MILLION)

TABLE 6: LATIN AMERICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)

TABLE 7: LATIN AMERICA ELECTRIC STEEL MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA ELECTRIC STEEL MARKET, BY END-USER, 2020-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA ELECTRIC STEEL MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

List of Figures

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: LATIN AMERICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA ELECTRIC STEEL MARKET, BY FULLY PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA ELECTRIC STEEL MARKET, BY SEMI PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA ELECTRIC STEEL MARKET, BY NON-GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA ELECTRIC STEEL MARKET, BY CURRENT TRANSFORMERS, 2020-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA ELECTRIC STEEL MARKET, BY POWER TRANSFORMERS, 2020-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA ELECTRIC STEEL MARKET, BY DISTRIBUTION TRANSFORMERS, 2020-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA ELECTRIC STEEL MARKET, BY MOTORS, 2020-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA ELECTRIC STEEL MARKET, BY INDUCTORS, 2020-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA ELECTRIC STEEL MARKET, BY ENERGY, 2020-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA ELECTRIC STEEL MARKET, BY AUTOMOBILES, 2020-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA ELECTRIC STEEL MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA ELECTRIC STEEL MARKET, BY HOUSEHOLD APPLIANCES, 2020-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA ELECTRIC STEEL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 23: BRAZIL ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: MEXICO ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: REST OF LATIN AMERICA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)

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