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Electrical Steel Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

Electrical Steel Market by Type (Non-grain Oriented, Grain Oriented), by Application (Transformer, Motors, Inductors, Others), by By Geography (North America) Forecast 2024-2032

Jul 19 2024
Base Year: 2023
180 Pages
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Electrical Steel Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

Key Insights

The Electrical Steel Marketsize was valued at USD 30.70 USD Billion in 2023 and is projected to reach USD 44.96 USD Billion by 2032, exhibiting a CAGR of 5.6 % during the forecast period.Electrical Steel is speciality steel used in the cores of electromagnetic gadgets along with motors, generators, and transformers as it reduces energy loss. It is an iron alloy with silicon as the main additive detail (in preference to carbon). The specific components is adapted to produce unique magnetic properties: small hysteresis area ensuing in low power loss in line with cycle, low middle loss, and high permeability. It exhibits low electric conductivity, excessive magnetic permeability, and decreased core loss as compared to standard steel due to its silicon content. The most important drivers of the electric metal market are the high price of consumption of electrical steel in transformers and motors, that are vital components in diverse industries which include power, automobile, and production.

Electrical Steel Market Research Report - Market Size, Growth & Forecast

Electrical Steel Trends

  • Rising adoption of electric vehicles and hybrid vehicles
  • Growing demand for renewable energy sources
  • Increasing urbanization and industrialization

Driving Forces: What's Propelling the Electrical Steel Market

  • Increasing electrification: The growing shift towards electrification in various industries, including automotive, energy, and transportation, is leading to increased demand for electrical steel.
  • Government initiatives: Governments worldwide are implementing regulations and providing incentives to promote the adoption of electric vehicles and renewable energy technologies, which is driving the demand for electrical steel.
  • Technological advancements: Continuous advancements in electrical steel production, such as the development of non-grain oriented electrical steel, are improving product performance and efficiency.

Challenges and Restraints in Electrical Steel Market

  • High production costs: The production of electrical steel involves complex and energy-intensive processes, which can result in high manufacturing costs.
  • Volatile raw material prices: The prices of raw materials used in the production of electrical steel are subject to fluctuations, which can impact the overall profitability of market players.
  • Competition from alternative materials: The emergence of alternative materials, such as aluminum and amorphous metals, may pose a challenge to the demand for electrical steel in certain applications.

Emerging Trends in Electrical Steel

  • Development of grain-free electrical steel: Grain-free electrical steel offers superior magnetic properties and lower losses, making it suitable for high-efficiency transformers and motors.
  • Increased use in renewable energy applications: Electrical steel is finding increased use in wind turbines and solar photovoltaic systems, driven by the global transition towards renewable energy sources.
  • Growing demand for low-carbon electrical steel: Environmental concerns are leading to a rising demand for electrical steel with lower carbon content, reducing emissions throughout the value chain.

Growth Catalysts in Electrical Steel Industry

Electrical Steel Market Growth
  • Rising demand from emerging economies: Rapid economic growth in emerging economies, particularly in Asia-Pacific, is expected to drive the demand for electrical steel for infrastructure development and industrialization.
  • Technological innovations: Ongoing advancements in production techniques and material properties are enhancing the performance and efficiency of electrical steel, creating new opportunities for market growth.
  • Government support for energy efficiency: Governments worldwide are implementing policies and programs to promote energy efficiency in various industries, which is increasing the demand for electrical steel for high-efficiency equipment.

Market Segmentation: Electrical Steel Analysis

Type:

  • Non-grain Oriented
  • Grain Oriented

Application:

  • Transformer
  • Motors
  • Inductors
  • Others

Leading Players in the Electrical Steel Market

  • Benxi Steel Group Co., Ltd (China)
  • CSC Steel Sdn. Bhd. (Malaysia)
  • Tata Steel (India)
  • Nucor Corporation (U.S.)
  • NLMK (Russia)
  • ArcelorMittal S.A. (Luxembourg)
  • Shougang Group (China)
  • thyssenkrupp Steel (Germany)
  • Baosteel Group Corporation (China)
  • POSCO (South Korea)

Significant developments in Electrical Steel Sector

March 2022: ArcelorMittal S.A. announced a USD 317.90 million investment to establish an electrical steel production plant in Northern France. November 2021: POSCO announced plans to invest USD 848.6 million to boost electrical steel sheet production to meet growing demand. July 2021: NLMK announced the continuation of its electrical steel plant construction in Maharashtra, India, with an annual capacity of 64,000 tons. November 2020: NIPPON STEEL CORPORATION expanded its electrical steel sheet facilities in Japan, with an investment of approximately USD 721 million. April 2020: Shougang Group reported achieving ultimate production efficiency for finishing rolling electrical sheets.

Comprehensive Coverage Electrical Steel Market Report

This comprehensive market report provides detailed insights into the electrical steel market, covering key market dynamics, growth drivers, and challenges. It includes market segmentation, analysis of leading players, and comprehensive coverage of industry developments.

Regional Insight

Electrical Steel Market Regional Share

The Asia-Pacific region dominates the electrical steel market due to rapid industrialization and increasing demand from developing economies. Europe and North America are also significant markets, driven by technological advancements and energy efficiency policies.

Consumer Side Analysis

Electrical steel consumers include manufacturers of transformers, motors, inductors, and other electrical components. Increasing demand for energy-efficient equipment and the electrification of various sectors are key drivers for consumer demand.

Demand Side Analysis

Demand for electrical steel is primarily driven by the growing demand for electric vehicles, renewable energy sources, and industrial automation. The automotive and energy sectors are major consumers of electrical steel.

Import And Export Analysis

The electrical steel market involves significant import and export activities due to the global nature of the industry. Major exporting countries include China, Japan, and South Korea, while key importing countries include India, the U.S., and Brazil.

Pricing Strategies

Pricing strategies in the electrical steel market are influenced by factors such as raw material costs, production capacity, and competition. Manufacturers typically employ a cost-plus pricing model, with adjustments based on market demand and differentiation.

Segmentation

The electrical steel market can be segmented by type (non-grain oriented, grain oriented), application (transformer, motors, inductors, others), and region (Asia-Pacific, Europe, North America, South America, Middle East & Africa). Detailed analysis of each segment is provided in the market report.

Electrical Steel Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.6% from 2018-2032
Segmentation
    • By Type
      • Non-grain Oriented
      • Grain Oriented
    • By Application
      • Transformer
      • Motors
      • Inductors
      • Others
  • By Geography
    • By Geography
      • North America

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increased Product Demand from the Automotive Industry to Aid Market Expansion
      • 3.3. Market Restrains
        • 3.3.1. Fluctuations in Raw Material Prices to Hamper Market Augmentation
      • 3.4. Market Trends
        • 3.4.1. Increasing Product Adoption to Manufacture Electrical Motors to Boost Market Proliferation
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Non-grain Oriented
      • 5.1.2. Grain Oriented
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Transformer
      • 5.2.2. Motors
      • 5.2.3. Inductors
      • 5.2.4. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. By Geography
  6. 6. North America Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Type
        • 6.1.1. Non-grain Oriented and Grain Oriented
      • 6.2. Market Analysis, Insights and Forecast - By Application
        • 6.2.1 Transformer
        • 6.2.2 Motors
        • 6.2.3 Inductors
        • 6.2.4 and Others
      • 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 6.3.1 United States
        • 6.3.2 Canada
        • 6.3.3 Mexico
  7. 7. South America Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Type
        • 7.1.1. Non-grain Oriented and Grain Oriented
      • 7.2. Market Analysis, Insights and Forecast - By Application
        • 7.2.1 Transformer
        • 7.2.2 Motors
        • 7.2.3 Inductors
        • 7.2.4 and Others
      • 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 7.3.1 Brazil
        • 7.3.2 Argentina
        • 7.3.3 Rest of South America
  8. 8. Europe Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Type
        • 8.1.1. Non-grain Oriented and Grain Oriented
      • 8.2. Market Analysis, Insights and Forecast - By Application
        • 8.2.1 Transformer
        • 8.2.2 Motors
        • 8.2.3 Inductors
        • 8.2.4 and Others
      • 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 8.3.1 Germany
        • 8.3.2 France
        • 8.3.3 Italy
        • 8.3.4 United Kingdom
        • 8.3.5 Netherlands
        • 8.3.6 Rest of Europe
  9. 9. Asia Pacific Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Type
        • 9.1.1. Non-grain Oriented and Grain Oriented
      • 9.2. Market Analysis, Insights and Forecast - By Application
        • 9.2.1 Transformer
        • 9.2.2 Motors
        • 9.2.3 Inductors
        • 9.2.4 and Others
      • 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 9.3.1 China
        • 9.3.2 Japan
        • 9.3.3 India
        • 9.3.4 South Korea
        • 9.3.5 Taiwan
        • 9.3.6 Australia
        • 9.3.7 Rest of Asia-Pacific
  10. 10. MEA Electrical Steel Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Type
        • 10.1.1. Non-grain Oriented and Grain Oriented
      • 10.2. Market Analysis, Insights and Forecast - By Application
        • 10.2.1 Transformer
        • 10.2.2 Motors
        • 10.2.3 Inductors
        • 10.2.4 and Others
      • 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.3.1 Middle East
        • 10.3.2 Africa
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Benxi Steel Group Co. Ltd (China)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 CSC Steel Sdn. Bhd. (Malaysia)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Tata Steel (India)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Nucor Corporation (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 NLMK (Russia)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 ArcelorMittal S.A. (Luxembourg)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Shougang Group (China)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 thyssenkrupp Steel (Germany)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Baosteel Group Corporation (China)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 POSCO (South Korea)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11 NIPPON STEEL CORPORATION (Japan)
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)
        • 11.2.12 Voestalpine Group (Austria)
          • 11.2.12.1. Overview
          • 11.2.12.2. Products
          • 11.2.12.3. SWOT Analysis
          • 11.2.12.4. Recent Developments
          • 11.2.12.5. Financials (Based on Availability)
        • 11.2.13 Yieh Corporation (Taiwan)
          • 11.2.13.1. Overview
          • 11.2.13.2. Products
          • 11.2.13.3. SWOT Analysis
          • 11.2.13.4. Recent Developments
          • 11.2.13.5. Financials (Based on Availability)
        • 11.2.14 Aperam S.A. (Luxembourg)
          • 11.2.14.1. Overview
          • 11.2.14.2. Products
          • 11.2.14.3. SWOT Analysis
          • 11.2.14.4. Recent Developments
          • 11.2.14.5. Financials (Based on Availability)
        • 11.2.15 Arnold Magnetic Technologies (U.S.)
          • 11.2.15.1. Overview
          • 11.2.15.2. Products
          • 11.2.15.3. SWOT Analysis
          • 11.2.15.4. Recent Developments
          • 11.2.15.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Electrical Steel Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Electrical Steel Market Volume Breakdown (Kiloton, %) by Region 2023 & 2031
  3. Figure 3: Global Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  4. Figure 4: Global Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  5. Figure 5: Global Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  6. Figure 6: Global Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  7. Figure 7: Global Electrical Steel Market Forecast (USD Billion), by Non-grain Oriented 2020 & 2031
  8. Figure 8: Global Electrical Steel Market Forecast (Kiloton), by Non-grain Oriented 2020 & 2031
  9. Figure 9: Global Electrical Steel Market Forecast (USD Billion), by Grain Oriented 2020 & 2031
  10. Figure 10: Global Electrical Steel Market Forecast (Kiloton), by Grain Oriented 2020 & 2031
  11. Figure 11: Global Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  12. Figure 12: Global Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  13. Figure 13: Global Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  14. Figure 14: Global Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  15. Figure 15: Global Electrical Steel Market Forecast (USD Billion), by Transformer 2020 & 2031
  16. Figure 16: Global Electrical Steel Market Forecast (Kiloton), by Transformer 2020 & 2031
  17. Figure 17: Global Electrical Steel Market Forecast (USD Billion), by Motors 2020 & 2031
  18. Figure 18: Global Electrical Steel Market Forecast (Kiloton), by Motors 2020 & 2031
  19. Figure 19: Global Electrical Steel Market Forecast (USD Billion), by Inductors 2020 & 2031
  20. Figure 20: Global Electrical Steel Market Forecast (Kiloton), by Inductors 2020 & 2031
  21. Figure 21: Global Electrical Steel Market Forecast (USD Billion), by Others 2020 & 2031
  22. Figure 22: Global Electrical Steel Market Forecast (Kiloton), by Others 2020 & 2031
  23. Figure 23: Global Electrical Steel Market Revenue (USD Billion), by Region 2023 & 2031
  24. Figure 24: Global Electrical Steel Market Volume (Kiloton), by Region 2023 & 2031
  25. Figure 25: Global Electrical Steel Market Revenue Share (%), by Region 2023 & 2031
  26. Figure 26: Global Electrical Steel Market Volume Share (%), by Region 2023 & 2031
  27. Figure 27: North America Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  28. Figure 28: North America Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  29. Figure 29: North America Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  30. Figure 30: North America Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  31. Figure 31: North America Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  32. Figure 32: North America Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  33. Figure 33: North America Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  34. Figure 34: North America Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  35. Figure 35: North America Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  36. Figure 36: North America Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  37. Figure 37: North America Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  38. Figure 38: North America Electrical Steel Market Volume Share (%), by Country 2023 & 2031
  39. Figure 39: South America Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  40. Figure 40: South America Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  41. Figure 41: South America Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  42. Figure 42: South America Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  43. Figure 43: South America Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  44. Figure 44: South America Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  45. Figure 45: South America Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  46. Figure 46: South America Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  47. Figure 47: South America Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  48. Figure 48: South America Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  49. Figure 49: South America Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  50. Figure 50: South America Electrical Steel Market Volume Share (%), by Country 2023 & 2031
  51. Figure 51: Europe Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  52. Figure 52: Europe Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  53. Figure 53: Europe Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  54. Figure 54: Europe Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  55. Figure 55: Europe Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  56. Figure 56: Europe Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  57. Figure 57: Europe Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  58. Figure 58: Europe Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  59. Figure 59: Europe Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  60. Figure 60: Europe Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  61. Figure 61: Europe Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  62. Figure 62: Europe Electrical Steel Market Volume Share (%), by Country 2023 & 2031
  63. Figure 63: Asia Pacific Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  64. Figure 64: Asia Pacific Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  65. Figure 65: Asia Pacific Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  66. Figure 66: Asia Pacific Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  67. Figure 67: Asia Pacific Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  68. Figure 68: Asia Pacific Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  69. Figure 69: Asia Pacific Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  70. Figure 70: Asia Pacific Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  71. Figure 71: Asia Pacific Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  72. Figure 72: Asia Pacific Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  73. Figure 73: Asia Pacific Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  74. Figure 74: Asia Pacific Electrical Steel Market Volume Share (%), by Country 2023 & 2031
  75. Figure 75: MEA Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  76. Figure 76: MEA Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  77. Figure 77: MEA Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  78. Figure 78: MEA Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  79. Figure 79: MEA Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  80. Figure 80: MEA Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  81. Figure 81: MEA Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  82. Figure 82: MEA Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  83. Figure 83: MEA Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  84. Figure 84: MEA Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  85. Figure 85: MEA Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  86. Figure 86: MEA Electrical Steel Market Volume Share (%), by Country 2023 & 2031
  87. Figure 87: By Geography Electrical Steel Market Revenue (USD Billion), by Type 2023 & 2031
  88. Figure 88: By Geography Electrical Steel Market Volume (Kiloton), by Type 2023 & 2031
  89. Figure 89: By Geography Electrical Steel Market Revenue Share (%), by Type 2023 & 2031
  90. Figure 90: By Geography Electrical Steel Market Volume Share (%), by Type 2023 & 2031
  91. Figure 91: By Geography Electrical Steel Market Revenue (USD Billion), by Application 2023 & 2031
  92. Figure 92: By Geography Electrical Steel Market Volume (Kiloton), by Application 2023 & 2031
  93. Figure 93: By Geography Electrical Steel Market Revenue Share (%), by Application 2023 & 2031
  94. Figure 94: By Geography Electrical Steel Market Volume Share (%), by Application 2023 & 2031
  95. Figure 95: By Geography Electrical Steel Market Revenue (USD Billion), by Country 2023 & 2031
  96. Figure 96: By Geography Electrical Steel Market Volume (Kiloton), by Country 2023 & 2031
  97. Figure 97: By Geography Electrical Steel Market Revenue Share (%), by Country 2023 & 2031
  98. Figure 98: By Geography Electrical Steel Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  2. Table 2: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  3. Table 3: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  4. Table 4: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  5. Table 5: Global Electrical Steel Market Revenue USD Billion Forecast, by Region 2018 & 2031
  6. Table 6: Global Electrical Steel Market Volume Kiloton Forecast, by Region 2018 & 2031
  7. Table 7: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  8. Table 8: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  9. Table 9: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  10. Table 10: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  11. Table 11: Global Electrical Steel Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: Global Electrical Steel Market Volume Kiloton Forecast, by Region 2018 & 2031
  13. Table 13: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  14. Table 14: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  15. Table 15: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  16. Table 16: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  17. Table 17: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  18. Table 18: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  19. Table 19: United States Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  20. Table 20: United States Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  21. Table 21: Canada Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Canada Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  23. Table 23: Mexico Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Mexico Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  25. Table 25: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  26. Table 26: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  27. Table 27: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  28. Table 28: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  29. Table 29: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  30. Table 30: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  31. Table 31: Brazil Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  32. Table 32: Brazil Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  33. Table 33: Argentina Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  34. Table 34: Argentina Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  35. Table 35: Rest of South America Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  36. Table 36: Rest of South America Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  37. Table 37: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  38. Table 38: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  39. Table 39: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  40. Table 40: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  41. Table 41: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  42. Table 42: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  43. Table 43: Germany Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: Germany Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  45. Table 45: France Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: France Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  47. Table 47: Italy Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  48. Table 48: Italy Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  49. Table 49: United Kingdom Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  50. Table 50: United Kingdom Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  51. Table 51: Netherlands Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: Netherlands Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  53. Table 53: Rest of Europe Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  54. Table 54: Rest of Europe Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  55. Table 55: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  56. Table 56: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  57. Table 57: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  58. Table 58: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  59. Table 59: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  60. Table 60: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  61. Table 61: China Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  62. Table 62: China Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  63. Table 63: Japan Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  64. Table 64: Japan Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  65. Table 65: India Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  66. Table 66: India Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  67. Table 67: South Korea Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  68. Table 68: South Korea Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  69. Table 69: Taiwan Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  70. Table 70: Taiwan Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  71. Table 71: Australia Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  72. Table 72: Australia Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  73. Table 73: Rest of Asia-Pacific Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  74. Table 74: Rest of Asia-Pacific Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  75. Table 75: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  76. Table 76: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  77. Table 77: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  78. Table 78: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  79. Table 79: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  80. Table 80: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  81. Table 81: Middle East Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  82. Table 82: Middle East Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  83. Table 83: Africa Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  84. Table 84: Africa Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
  85. Table 85: Global Electrical Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
  86. Table 86: Global Electrical Steel Market Volume Kiloton Forecast, by Type 2018 & 2031
  87. Table 87: Global Electrical Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
  88. Table 88: Global Electrical Steel Market Volume Kiloton Forecast, by Application 2018 & 2031
  89. Table 89: Global Electrical Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
  90. Table 90: Global Electrical Steel Market Volume Kiloton Forecast, by Country 2018 & 2031
  91. Table 91: North America Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  92. Table 92: North America Electrical Steel Market Volume (Kiloton) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.6% from 2018-2032
Segmentation
    • By Type
      • Non-grain Oriented
      • Grain Oriented
    • By Application
      • Transformer
      • Motors
      • Inductors
      • Others
  • By Geography
    • By Geography
      • North America

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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