Future Market Insights has announced the addition of the “Electrical Steel Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
The global electrical steel market is predicted to grow at an encouraging CAGR during the forecast period (2015-2025), reports Empowered News.
Rising electricity consumption as well as regulatory environment (focus on reducing losses at transformers) are the major drivers identified in the global electrical steel market.
Asia Pacific, Eastern Europe and Latin America are expected to be the growth engines of global electrical steel market in the near future, with Brazil in Latin America expected to be the largest opportunity in terms of revenue.
Some of the key market participants 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 many others.
Source: Empowered News