Global Electrical Galvanized Steel
market in terms of revenue is expected to grow at CAGR of 6.2% from 2018 to
2025 as per new market research report titled Global
Electrical Galvanized Steel Market (by types- galvanized
steel coil, galvanized steel tube, galvanized steel strip, galvanized steel
wire, and galvanized steel sheet. By application- automotive, construction,
industrial, and home appliances) – global industry analysis, size,
share, growth, trends, and forecast, 2018 – 2025
Mainly used for commercial purposes,
electrical galvanized steel is now being utilized in the automotive, and
construction industries. The vast variety of applications of electrical
galvanized steel ensure the market demand remains high. The advantageous
properties and attractive qualities of electrical galvanized steel which
attracts a growing customer base promise the market will have a prominent and
significant growth over the forecasted period.
Browse Full report on Global Electrical Galvanized Steel Market report at https://www.sheeranalyticsandinsights.com/market-report-research/global-electrical-galvanized-steel-market-21
In the recent market research reports
that were published by Sheer Analytics & Insights, the global electrical
galvanized steel market has been segmented based on types, and application.
Based on the types, the market is segmented into galvanized steel coil,
galvanized steel tube, galvanized steel strip, galvanized steel wire, and
galvanized steel sheet. Based on an application the global electrical
galvanized steel market has been bifurcated in automotive, construction,
industrial, and home appliances.
The market is further segmented
into geographical region North America, Middle East & Africa, Asia-Pacific,
and Latin America. North America holds the largest share in the electrical
galvanized steel market followed by Asia-Pacific in the second holder, and
Europe in the third rank holder. A significant effect of the electrical
galvanized steel market is being witnessed in the North American region. The
reason may be attributed to the growing demand for electrical galvanized steel
from the automotive industries based in Canada, and the United States. The rise
of industrialization and urbanization is augmenting the market growth of the
Asia-Pacific region. Furthermore, the Asia-Pacific region is estimated to
dominate the global market owing to technological advancements and improvements
in power efficiencies for electrical galvanized steel over the projection
period.
Japanese steelmakers Sumitomo Metal
Corporation and Nippon Steel are planning to launch a continuous line of
hot-dip galvanized Steel at the Kimitsu plant in Chiba prefecture, east of
Tokyo. The purpose of the new galvanizing line is to strengthen the tensile
strength of the steel plate. Moreover, the galvanized steel line will be
producing ultra-high strength steel plates with a 1.5-GPA strength. The
production is set to start in the second quarter of 2020.
NSSMC (Nippon Steel Sumitomo
Metal Corporation) explained: “in addition, electric cars and other electric
cars are expected to be more and more into the market, because of distance and
the challenge of battery weight, demand for the development of light vehicles
may further growth.”
AK Steel recently launched a new
grain-oriented electrical steel for power transformers- TRAN-COR® X. This
latest grain-oriented electrical steel product aids in powering the transformer
manufacturers design to higher levels of efficiency. In addition to this, owing
to energy loss in electricity distribution, transmission, it reduces greenhouse
gas emissions.
Roger Newport, Chief Executive
Officer of AK Steel said, “AK Steel is excited to introduce this new
family of high permeability grain-oriented electrical steel, which represents
one of the highest efficiency products available in the world. This product
enables our customers to improve the overall energy efficiency of the
transformers they produce.”
List of Companies
Covered:
·
Arcelor Mittal,
·
Bohai Steel,
·
JFE Steel,
·
Shandong Iron
& Steel,
·
Valin Steel,
among others.
By Types
- Galvanized Steel Coil
- Galvanized Steel Tube
- Galvanized Steel Strip
- Galvanized Steel Wire
- Galvanized Steel Sheet
By Application
- Automotive
- Construction
- Industrial
- Home Appliances
Global Electrical
Galvanized Steel Market and its segmentation:
By Geography Type
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Browse Full report on Global Electrical Galvanized Steel Market report at https://www.sheeranalyticsandinsights.com/market-report-research/global-electrical-galvanized-steel-market-21
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