Market By Type, Application, End-user And Geography | Forecast 2020-2028
According to a Triton Market Research report, the electric steel market in the Middle East and Africa is anticipated to flourish at a CAGR of 5.00% in terms of revenue over the estimated period 2020-2028.
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The countries scrutinized in the Middle East and Africa market are:
•          Turkey
•          Saudi Arabia
•          United Arab Emirates
•          South Africa
•          Rest of Middle East & Africa
The increasing adoption of electric steel in electric vehicles is driving the growth of the electrical steel market in the Middle East. The growth in the electric vehicle market in the Middle Eastern countries is contributed to by the several initiatives adopted by the government to reduce the carbon footprint and the increasing demand for electric steel by the power sector. The UAE has implemented various proactive measures for encouraging the use of electric vehicles (EVs) in order to minimize the country’s carbon footprint. For example, Dubai Silicon Oasis Authority and the Dubai Water and Electricity Authority have installed electric vehicle charging stations. This is expected to promote the use of electric vehicles in the UAE.
Besides, the companies in the global electric vehicle market are also introducing their products in these countries to widen their market presence. For example, Japan-based Nissan Motors has introduced the second-generation electric vehicle Nissan Leaf in Saudi Arabia. The launch is being primarily backed up by the stringent environmental regulations encouraging minimized CO2 emissions. Electric steel is a component in the manufacturing process of electric vehicles. Hence the growth in the electric vehicle industry is expected to instigate the demand for electric steel and thereby growth of the electric steel market in the country.
AK Steel Corporation is a steel manufacturing company. It provides hot and cold rolled products, electro-galvanized products, carbon and stainless steel tubing, and steel stamping. The company has a wide product portfolio, including electrical, carbon stainless and innovative materials. It serves various sectors like ventilation & air conditioning, automotive, cutlery & cookware, architectural steel and industrial motors & power transformers.
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VIEW REPORT1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET OUTLOOK - BY END-USER
5.1. ENERGY
5.2. AUTOMOBILES
5.3. MANUFACTURING
5.4. HOUSEHOLD APPLIANCES
5.5. OTHERS
6. MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET – REGIONAL OUTLOOK
6.1. UNITED ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI ARABIA
6.4. SOUTH AFRICA
6.5. REST OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY TYPE, 2020-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
TABLE 7: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY END-USER, 2020-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY FULLY PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY SEMI PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY NON-GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY CURRENT TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY POWER TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY DISTRIBUTION TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY MOTORS, 2020-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY INDUCTORS, 2020-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY ENERGY, 2020-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY AUTOMOBILES, 2020-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)
FIGURE 20: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY HOUSEHOLD APPLIANCES, 2020-2028 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 22: MIDDLE EAST AND AFRICA ELECTRIC STEEL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 23: UNITED ARAB EMIRATES ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 24: TURKEY ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 25: SAUDI ARABIA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 26: SOUTH AFRICA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 27: REST OF MIDDLE EAST & AFRICA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)