New Global Electrical Steel Market report
USA, New York: Future Market Insights has announced the addition of the “Electrical Steel Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
USA, New York: Future Market Insights has announced the addition of the “Electrical Steel Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025″ report to their offering.
According to the report, the global electrical steel is predicted to expand at an encouraging CAGR during the forecast period (2015-2025), reports Digital Journal.
Electrical steel is ideal for high efficiency transformers, generators, motors, small transformers and ballasts, and the increasing demand from the power sector, is escalating the growth in the global electrical steel market.
Advancement in technology along with high efficiency is opening new doors in the growth of the global electrical steel market.
Regulatory environment (focus on reducing losses at transformers) is another key factor fuelling the growth in the demand of the electrical steel market. However, higher cost of the investment for production and distribution, could act as a major restraint in the global electrical steel market.
Some of the key market players profiled in the report are ThyssenKrupp, ArcelorMittal, Posco, Nippon Steel, China Steel Corporation, Tata Steel, JFE Holdings, AK Steel, ATI, Tenaris, Baosteel, Anshan Iron & Steel Group, Wuhan Iron & Steel Group, among others.
Source: Digital Journal
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