The report "Electrical Steel Market by Type (non-grain-oriented and grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automotive, Manufacturing, Household Appliances) and Region - Global Forecasts to 2026" The electrical steel market is projected to reach USD 45.8 billion by 2026, with an expected CAGR of 6.3% between 2021 and 2026. The global electrical steel market size is estimated at USD 33.8 billion in 2021 and is projected to reach USD 45.8 billion by 2026, at a CAGR of 6.3%. The electrical steel market is witnessing high growth owing to the high consumption rate of electrical steel in transformers & motors and increasing Electric Vehicles (EVs) market.
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Browse 252 market data Tables and 53 Figures spread through 214 Pages and in-depth TOC on "Electrical Steel Market”
Non-grain-oriented is the largest type segment of the electrical steel market
The electrical steel market is segmented on the basis of type into non-grain-oriented and grain-oriented. The non-grain-oriented type segment accounted for a larger market share during the forecast period. This is attributed to the growth in the production of automobiles, where electrical steel is used as a core material in motor parts to improve the comfort, power performance, and fuel economy of automobiles.
Motors is the largest application segment of the electrical steel market
On the basis of application the market is segmented into transformers, motors, inductors, and others. Others include batteries and welding equipment. The motors segment led the market in terms of both value and volume during the forecast period. Growing end-use industry such as manufacturing, automobile, and household appliances is expected to drive the demand for motors, thus creating growth potential for the market.
Manufacturing is the largest application segment of the electrical steel market
On the basis of end-use industry the market is segmented into energy, automotive, manufacturing, household appliances, and others. Others include construction and fabrication. The manufacturing segment led the market during the forecast period. This is attributed to the growth of economies across the globe, which is directly linked to the growth of the manufacturing end-use industry. In addition, the growing industrialization in developed & developing economies is also expected to further drive the market for electrical steel.
APAC is the largest market for the electrical steel market
The APAC region is projected to be the largest market and to grow at the highest CAGR during the forecast period. An increase in the demand for electrical steel can be attributed to the growing infrastructure & construction and automotive industries. The rise in applications is expected to drive the market in this region. These factors contribute to the rising demand for electrical steel in the industrial facilities in the APAC region. The presence of several electrical steel-producing companies in China and India is expected to play an important role in the revenue growth of the APAC market. As APAC is the most widely populated region in the world, it consequently witnesses a high demand for the consumption of electricity. The transmission & distribution infrastructure in the region is in the initial stage of grid restructuring. China, Japan, and India, among others, are investing in grid expansion projects to increase grid reliability, which is expected to drive the transformers market in the region, and, in turn, the electrical steel market as well.
The global electrical steel market comprises major manufacturers, such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Baosteel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel Corporation (United States), SAIL (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others.
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The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024.
The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products.
Frozen food products are able to retain maximum vitamins and minerals.The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage.
In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years.
Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years.
Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years.
The global north country auto glass market size is projected to reach USD 27.75 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period.
Robust logistics infrastructure in developed nations will be a key factor fueling the growth of this market, infers Fortune Business Insights™ in its report, titled “Automotive Glass Market Size, Share, and Industry Analysis, By Glass Type (Tempered, Laminated), By Application (Windshield, Sidelite, Backlite, Sunroof), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), and Regional Forecast, 2019-2026”.
Competitive LandscapeEnhancement in Production Capacity to Stir Competitive EnergiesThe automotive glass market analysis reveals that raising production capabilities by key companies will be the prominent feature of competition in this market.
These activities are aiding competitors to expand in foreign territories and penetrate untapped regions and countries, the analysis observes.List of Companies Covered in the Report:Guardian Glass LLCNippon Sheet Glass Co. LtdAGC Inc.Saint-Gobain SekuritMagna International Inc.Xinyi Glass Holdings LimitedFuyao Glass Industry Group Co. LtdMarket DriverBooming Demand for Electric Vehicles to Accelerate Market GrowthStaggering air pollution levels have led to a dramatic shift in consumer preference from conventional to electric vehicles (EVs) in the past decade.
Of these, nearly 45% are on road in China, the IEA further notes.
The IEA also projects that up till 2030, the year-on-year increase in the global EV stock will be 44 million.
The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.Market Size – USD 6.38 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.The global Textile Dyes Market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data.
Fabrics are dyed either by using dying solution or by printing, using dye pastes.The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market.
Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1848Top Leaders Operating in the Market are:Archroma,Tanatex Dyes,Vipul organics Ltd,DyStar Singapore Private Ltd,Zhejiang Runtu Co. Ltd.,Jihua Group,A Robama,Organic Dyes and Pigments,Huntsman International LLC,and Kiri Industries Ltd,among others.Textile Dyes Market Segmentation:Based on Product Type:CottonViscoseWoolNylonPolyesterAcrylicOthersBased on Application:ApparelsHome TextileIndustrial TextileOtherRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/1848The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities.
The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more.
The report provides a comprehensive overview of the competitive landscape and regional spread.The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.Regional Analysis Covers:North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/textile-dyes-marketFurther key findings from the report suggestThe polyester segment accounts for a market share of 13.9% in the year 2018.
Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum.
Thermal Imaging Market size is projected to reach USD 4.5 Billion by 2027 from an estimated USD 2.9 Billion in 2020, growing at a CAGR of 6.48% globally.Thermal Imaging is a method of using infrared radiation and thermal energy to collect information regarding the objects, aiming to develop images of them, even in low visibility environments.
In particular, it's an effective form of night-vision technology, with the capacity to work in the total absence of any light (since it doesn't rely on visible light), and can even work in fog, smog, smoke, and haze.
This energy from an object is also known as the "heat signature", and the quantity of radiation emitted tends to be proportional to the overall heat of the object.Read More About the Thermal Imaging: https://introspectivemarketresearch.com/reports/thermal-imaging-market/This report presents detailed analysis on the Thermal Imaging Market consumption trends by globally, historic and forecast consumption volumes and values at market and category level.
It also provides indispensable data on brand share, distribution channels, profiles of companies active in the global Thermal Imaging market along with latest industry news, in addition to mergers and acquisitions.
This allows domestic and foreign companies to identify the market dynamics to account sales overall and to know which categories and segments are showing growth in the coming years.Key Prominent Players In The Thermal Imaging Market:FLIR Systems (US), Fluke Corporation (US), Leonardo (Italy), L3HARRIS TECHNOLOGIES (US), United Technologies (US), Axis Communications (Sweden), BAE Systems (UK), Opgal (Israel), Testo (Germany), Xenics (Belgium), Thermoteknix Systems (UK)Know More About The Global Trends Impacting The Future, Download A PDF Sample@:https://www.introspectivemarketresearch.com/request/15913This report analyzes the factors affecting the Thermal Imaging Market in terms of supply and demand and further assesses the market dynamics affecting the market during the forecast period e.g.
drivers, restraints, opportunities and future trends.
High optical clarity, resistance to change in color, flexibility, and stress absorbing nature make it ideal for usage with glass as these applications require adhesives that are not visible.
These adhesives find a variety of applications which require glass to glass bonding as well as glass to other substrate bonding such as rubbers, metals and plastics.
Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/glass-bonding-adhesives-market/request-for-sample They are used in aerospace applications as their properties are suitable for the same.
They are used in aerospace interiors, seats, displays as well as with electronics.
Developing countries such as India and China are carrying out concentrated efforts to boost the aviation sector.
This has spurred a rise in demand for aero plane manufacturing.
