Global Grain Based Electric Steel Market Size and Growth rate:

According to recent report published by research cosmos, the global grain based electric steel market is estimated to reach USD $ 6600 Million in the next five years, with a CAGR of 1.9 % during the forecast period.

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Growth driving factors of Global Grain Based Electric Steel Market:

The increase in electrical steel production is mainly predicted by growth in various application segments where electrical energy is consumed to a great extent like the transformer and motor industry. The governments of some developed countries have adopted standards for the use of transformers that prevent energy loss and cause low carbon dioxide emissions.

Geographical Analysis of Global Grain Based Electric Steel Market:

Region Asia Pacific is dominate the Global Grain Based Electric Steel Market in a view to increase the demand for steel products in construction and automotive industries and it is accounted as 55% of the global steel market in 2017.

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Detailed Market Segmentation of Global Grain Oriented Electric Steel Market:

Global Grain Oriented Electric Steel Market – By Type:

• Oriented Grain Oriented Electrical Steels
• Non-oriented Grain Oriented Electrical Steels

Global Grain Oriented Electric Steel Market – By Application:

• Generators
• Transformers
• Motors
• Automotive sector
• Others

Global Grain Oriented Electric Steel Market – By Regions:

• North America
• China
• Europe
• Southeast Asia
• Japan
• India

Key players operating in Global Grain Oriented Electric Steel Market:

• SAIL
• Tata Steel Ltd
• Jindal Steel
• 5 More Key players

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