Market By Type, Application, End-user And Geography | Forecast 2020-2028
A Triton Market Research report has determined that the electric steel market in North America would proliferate at a CAGR of 4.93% over the forecasted period between 2020 and 2028.
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The countries evaluated in the North American electric steel market are:
• Canada
• The United States
The rising urban population, new power transmission line projects, growing demand for electric vehicles, enhancement of aging power transformers and growing power demand are some of the factors positively affecting the growth of the electric steel market in North America. North American countries, especially the US, are planning to replace their old electricity infrastructures and enhance the existing electric grid network with renewable energy sources. Electric steel finds its applications in areas of power transformers and power lines. Thus these developments will increase the demand for electrical steel during the forecast period.
In March 2018, the Canadian government announced funding of over $1.6 billion for Wataynikaneyap Power in order to connect 16 first nation communities to the national power grid. The increasing investments in power transmission line projects are likely to instigate the demand for electric steel as it is increasingly being used in the manufacturing of transformers, thereby augmenting the market growth in Canada. The federal government of Canada has offered approximately $1,025 million in funding to pollution probe through EMAP analysis. The result of this study would create a roadmap for promoting electric vehicle sales in Canada.
Incorporated in 1895, Arnold Magnetic Technologies is a company engaged in the manufacturing of permanent magnets, thin metals and precision magnetic assemblies. It offers products that are competent with motor systems. The company provides its products to different sectors including oil & gas, aerospace & defense, medical, consumer & industrial and automotive & motorsports. The company has headquarters in Rochester, US.
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VIEW REPORT1. NORTH 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. NORTH 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. NORTH 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. NORTH 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. NORTH AMERICA ELECTRIC STEEL MARKET – REGIONAL OUTLOOK
6.1. UNITED STATES
6.2. CANADA
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: NORTH 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: NORTH AMERICA ELECTRIC STEEL MARKET, BY TYPE, 2020-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA ELECTRIC STEEL MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA ELECTRIC STEEL MARKET, BY END-USER, 2020-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA 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: NORTH AMERICA ELECTRIC STEEL MARKET, BY GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA ELECTRIC STEEL MARKET, BY FULLY PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA ELECTRIC STEEL MARKET, BY SEMI PROCESSED GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA ELECTRIC STEEL MARKET, BY NON-GRAIN-ORIENTED STEEL, 2020-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA ELECTRIC STEEL MARKET, BY TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA ELECTRIC STEEL MARKET, BY CURRENT TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA ELECTRIC STEEL MARKET, BY POWER TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA ELECTRIC STEEL MARKET, BY DISTRIBUTION TRANSFORMERS, 2020-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA ELECTRIC STEEL MARKET, BY MOTORS, 2020-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA ELECTRIC STEEL MARKET, BY INDUCTORS, 2020-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA ELECTRIC STEEL MARKET, BY ENERGY, 2020-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA ELECTRIC STEEL MARKET, BY AUTOMOBILES, 2020-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA ELECTRIC STEEL MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA ELECTRIC STEEL MARKET, BY HOUSEHOLD APPLIANCES, 2020-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA ELECTRIC STEEL MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA ELECTRIC STEEL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 23: UNITED STATES ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)
FIGURE 24: CANADA ELECTRIC STEEL MARKET, 2020-2028 (IN $ MILLION)