Last Updated: 23-07-2025 | Format: PDF | Report ID:2116 | Author: Ankit
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $6,100 Million |
| What is the market CAGR from 2025 to 2035? | 6.7% |
| Which region dominates the market? | Midwest (36%) |
| Which product/service type dominates the market? | Electrical Steel (43%) |
| Which application leads the market? | Transformers (37%) |
| Who are the major buyers? | OEMs (41%), Distributors (28%) |
| What are the key market growth drivers? | Rapid growth of electric vehicle (EV) and hybrid vehicle production; Modernization of power industry infrastructure |
| What are the major market challenges? | Volatility in raw material prices (nickel; Technical limitations in scaling thin-film and nanocrystalline processes for mass production |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Voestalpine AG, Hitachi Metals, Arnold Magnetic Technologies, Toshiba Materials, VACUUMSCHMELZE, GKN Powder Metallurgy, Daido Steel, TDK Corporation, Sumitomo Metal Mining, Hitachi Chemical, JFE Steel Corporation, AT&M, Advanced Technology & Materials, Ningbo Ketian Magnet, POSCO |
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