The Business Research Company’s Electrical Steel Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electrical Steel Global Market Report 2023 evaluates electrical steel market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electrical steel market size grew from $26.47 billion in 2022 to $28.3 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrical steel market size is expected to grow to $36.9 billion in 2027 at a CAGR of 6.9%.
The electrical steel market segments in the report are:
1) By Type: Grain-Oriented, Non-Grain-Oriented
2) By Industry: Energy, Automotive, Household Appliances, Manufacturing
3) By Application: Large Power Transformers, Distribution Transformers, Small Transformers, Power Generators, Audio Transformers
Get More Information On The Electrical Steel Market Report:
https://www.thebusinessresearchcompany.com/report/electrical-steel-global-market-report
The table of contents in TBRC’s electrical steel market report includes:
1. Executive Summary
2. Electrical Steel Market Characteristics
3. Electrical Steel Market Trends And Strategies
4. Impact Of COVID-19 On Electrical Steel Market
5. Electrical Steel Market Size And Growth
…
27. Competitive Landscape And Company Profiles Of The Electrical Steel Market
28. Key Mergers And Acquisitions Of The Electrical Steel Market
29. Future Outlook and Potential Analysis Of The Electrical Steel Market
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