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Electrical Steel Lamination Market: Overview

Electrical steel is special-purpose steel customized to obtain specific magnetic properties such as low core loss, small hysteresis area, and high permeability. Electrical steel is mostly produced in the form of cold-rolled strips that are less than 2 mm in thickness. These strips are cut into desired shapes, which are stacked together to form laminated cores of the transformer as well as the rotor and the stator of electric motors. The cut pieces of laminations can be finished by a punch and die, or by a wire electro-discharge machining (EDM).

Electrical Steel Lamination Market: Drivers & Restraints

The method of producing a material in several layers, so that the material attains improved strength, insulation, stability, appearance, and other qualities, is known as lamination. Processes for lamination differ depending on the type of material to be laminated. The material used for laminates can be of the same or different type, depending on the process and object to be laminated. Windshields of vehicles are manufactured by laminating a tough plastic film across two layers of glass. In transformers and motors steel laminations are commonly used so as to form the core of coils employed to produce magnetic fields.

An electrical steel lamination is an iron alloy that consists of up to 6.5% of silicone. Usually, commercial alloys contain up to 3.5% of silicone. Increase in the percentage of silicone increases electrical resistivity of steel remarkably. Increased resistivity reduces the eddy current induced and lowers the core losses. However, the metal hardens and becomes brittle, which affects workability of the material. The electrical steel lamination is widely used to laminate the core of transformers and motors. The transformer core is an iron core constructed from a highly permeable material made from thin silicon steel laminations. Laminations are aligned together to provide required magnetic path with minimum magnetic losses.

Electrical Steel Lamination Market: Key Segments

The electrical steel lamination market can be segmented into non-oriented electrical steel and grain-oriented electrical steel. Non-oriented electrical steel has linear magnetic characteristics in all directions. It is mostly used in rotary machines and iron core materials ranging from large transformers to small electric motors. Special processing of steel is carried to control the grain orientation. Non-oriented electrical steel has similar magnetic properties in all directions and it consists of 2% to 3.5% of silicone. Non-oriented electrical steel is abbreviated as CRNGO (i.e. cold-rolled non-grain-oriented) electrical steel. CRNGO is economical. It is preferred when cost is the primary consideration and efficiency is secondary. It is also used when there is less area to align components that make use of directional properties of grain-oriented electrical steel.

Grain-oriented electrical steel has good magnetic properties in the direction of rolling. This type of steel is applied in the manufacture of large, medium, and small transformers, reactors, and distribution transformers. It contains around 3% of silicone. The processing of steel is carried out in such a way that favorable properties are developed in the rolling direction, due to the tight grain orientation relative to the sheet. Grain-oriented electrical steel is also known as CRGO i.e. cold-rolled grain-oriented electrical steel. CRGO is most commonly supplied in coil form. Then, it is cut into laminations. These laminations are used in transformer cores.

Electrical Steel Lamination Market: Regional Outlook

Based on region, the global electrical steel lamination market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is likely to lead the global electrical steel lamination market during the forecast period. The electrical steel lamination market in North America is expanding at a significant pace. In Europe, the demand for electrical steel lamination is estimated to increase in the near future. Latin America and Middle East & Africa are likely to hold a moderate market share during the forecast period.

Electrical Steel Lamination Market: Key Players

Some of the leading players in the global electrical steel lamination market are United States Steel, Laser Technologies, Inc., Tempel Steel, Orchid, Sko-Die Inc., LCS Company, and Lake Air Companies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electrical Steel Lamination Market

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