Electrical Steel Market
Electrical Steel Market - Global Industry Assessment & Forecast
#
Pages:
149
Base Year:
2022
Dec - 2022
Format:
Report Code:
VMR-1946
Segments Covered
By
Types Grain-Oriented, Non-Grain-Oriented
-
By
End Use Industries Energy, Automotive, Household Appliances, Manufacturing, Other End Use Industries
-
By
Applications Transformers, Motors, Inductors, Other Applications
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 34.88 Billion |
 Revenue 2030:
|
USD 54.34 Billion |
 Revenue CAGR
(2023 - 2030): |
5.70% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Electrical Steel Market Segment Analysis
- Electrical Steel Types Outlook (Revenue, USD Million, 2018 - 2030)
- Grain-Oriented
- Non-Grain-Oriented
- Electrical Steel End Use Industries Outlook (Revenue, USD Million, 2018 - 2030)
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Electrical Steel Applications Outlook (Revenue, USD Million, 2018 - 2030)
- Transformers
- Motors
- Inductors
- Other Applications
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
-
North America Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
-
North America Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- U.S.
- U.S. Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- U.S. Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- U.S. Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- U.S. Electrical Steel Market, by Types
- Canada
- Canada Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Canada Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Canada Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Canada Electrical Steel Market, by Types
-
Mexico
- Mexico Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Mexico Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Mexico Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Mexico Electrical Steel Market, by Types
-
North America Electrical Steel Market, by Types
- Europe
-
Europe Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
-
Europe Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
-
Europe Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- U. K.
- U.K. Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- U.K. Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- U.K. Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- U.K. Electrical Steel Market, by Types
- France
- France Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- France Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- France Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- France Electrical Steel Market, by Types
-
Germany
- Germany Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Germany Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Germany Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Germany Electrical Steel Market, by Types
-
Italy
- Italy Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Italy Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Italy Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Italy Electrical Steel Market, by Types
-
Spain
- Spain Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Spain Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Spain Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Spain Electrical Steel Market, by Types
-
Rest of Europe
- Rest of Europe Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Rest of Europe Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Rest of Europe Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Rest of Europe Electrical Steel Market, by Types
-
Europe Electrical Steel Market, by Types
- Asia Pacific
-
Asia Pacific Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
-
Asia Pacific Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
-
Asia Pacific Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- China
- China Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- China Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- China Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- China Electrical Steel Market, by Types
- Japan
- Japan Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Japan Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Japan Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Japan Electrical Steel Market, by Types
-
Germany
- Germany Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Germany Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Germany Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Germany Electrical Steel Market, by Types
-
India
- India Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- India Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- India Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- India Electrical Steel Market, by Types
-
South Korea
- South Korea Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- South Korea Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- South Korea Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- South Korea Electrical Steel Market, by Types
-
South East Asia
- South East Asia Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- South East Asia Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- South East Asia Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- South East Asia Electrical Steel Market, by Types
-
Rest of Asia Pacific
- Rest of Asia Pacific Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Rest of Asia Pacific Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Rest of Asia Pacific Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Rest of Asia Pacific Electrical Steel Market, by Types
-
Asia Pacific Electrical Steel Market, by Types
- Latin America
-
Latin America Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
-
Latin America Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
-
Latin America Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Brazil
- Brazil Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Brazil Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Brazil Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Brazil Electrical Steel Market, by Types
- Argentina
- Argentina Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Argentina Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Argentina Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Argentina Electrical Steel Market, by Types
-
Rest of Latin America
- Rest of Latin America Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Rest of Latin America Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Rest of Latin America Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Rest of Latin America Electrical Steel Market, by Types
-
Latin America Electrical Steel Market, by Types
- Middle East & Africa
-
Middle East & Africa Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
-
Middle East & Africa Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
-
Middle East & Africa Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- GCC Countries
- GCC Countries Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- GCC Countries Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- GCC Countries Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- GCC Countries Electrical Steel Market, by Types
- South Africa
- South Africa Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- South Africa Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- South Africa Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- South Africa Electrical Steel Market, by Types
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Electrical Steel Market, by Types
- Grain-Oriented
- Non-Grain-Oriented
- Rest of Middle East & Africa Electrical Steel Market, by End Use Industries
- Energy
- Automotive
- Household Appliances
- Manufacturing
- Other End Use Industries
- Rest of Middle East & Africa Electrical Steel Market, by Applications
- Transformers
- Motors
- Inductors
- Other Applications
- Rest of Middle East & Africa Electrical Steel Market, by Types
-
Middle East & Africa Electrical Steel Market, by Types
- North America
Vantage Market
Research | 19-Dec-2022
FAQ
Frequently Asked Question
What is the global demand for Electrical Steel in terms of revenue?
-
The global Electrical Steel valued at USD 34.88 Billion in 2022 and is expected to reach USD 54.34 Billion in 2030 growing at a CAGR of 5.70%.
Which are the prominent players in the market?
-
The prominent players in the market are Aperam (Luxembourg), Arcelor Mittal (Luxembourg), Tata Steel (India), POSCO (South Korea), Nippon Steel Corporation (Japan), Baosteel Group Hu (China), Voestalpine AG (Austria), JFE Holdings (Japan), Cleveland-Cliffs Inc. (US), Slovenian Steel Group (Slovenia).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electrical Steel include
- Increase in demand from energy generation & transmission industries
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electrical Steel in 2022.
