Electrical Steel Market
Electrical Steel Market - Global Industry Assessment & Forecast
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
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Electrical Steel Market - Segment Analysis
- Overview
- Global Electrical Steel Market, 2016 - 2028 (USD Million)
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Global Electrical Steel Market - by Types
- By Grain-Oriented
- By Non-Grain-Oriented
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Global Electrical Steel Market - by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
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Global Electrical Steel Market - by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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Global Electrical Steel Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Electrical Steel Market - Segment Analysis
- Overview
- North America Electrical Steel Market, 2016 - 2028 (USD Million)
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North America Electrical Steel Market, by Types
- By Grain-Oriented
- By Non-Grain-Oriented
-
North America Electrical Steel Market, by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
-
North America Electrical Steel Market, by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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North America Electrical Steel Market, by Country
- U.S.
- U.S. Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- U.S. Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- U.S. Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- U.S. Electrical Steel Market, By Types
- Canada
- Canada Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Canada Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Canada Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Canada Electrical Steel Market, By Types
- Mexico
- Mexico Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Mexico Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Mexico Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Mexico Electrical Steel Market, By Types
- U.S.
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Europe Electrical Steel Market - Segment Analysis
- Overview
- Europe Electrical Steel Market, 2016 - 2028 (USD Million)
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Europe Electrical Steel Market, by Types
- By Grain-Oriented
- By Non-Grain-Oriented
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Europe Electrical Steel Market, by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
-
Europe Electrical Steel Market, by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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Europe Electrical Steel Market, by Country
- Germany
- Germany Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Germany Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Germany Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Germany Electrical Steel Market, By Types
- UK
- UK Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- UK Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- UK Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- UK Market, By Types
- France
- France Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- France Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- France Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- France Electrical Steel Market, By Types
- Spain
- Spain Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Spain Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Spain Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Spain Electrical Steel Market, By Types
- Italy
- Italy Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Italy Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Italy Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Italy Electrical Steel Market, By Types
- BENELUX
- BENELUX Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- BENELUX Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- BENELUX Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- BENELUX Electrical Steel Market, By Types
- Rest of Europe
- Rest Of Europe Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Rest Of Europe Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Rest Of Europe Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Rest Of Europe Electrical Steel Market, By Types
- Germany
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Asia Pacific Electrical Steel Market - Segment Analysis
- Overview
- Asia Pacific Electrical Steel Market, 2016 - 2028 (USD Million)
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Asia Pacific Electrical Steel Market, by Types
- By Grain-Oriented
- By Non-Grain-Oriented
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Asia Pacific Electrical Steel Market, by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
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Asia Pacific Electrical Steel Market, by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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Asia Pacific Electrical Steel Market, by Country
- China
- China Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- China Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- China Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- China Electrical Steel Market, By Types
- Japan
- Japan Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Japan Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Japan Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Japan Electrical Steel Market, By Types
- India
- India Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- India Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- India Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- India Electrical Steel Market, By Types
- South Korea
- South Korea Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- South Korea Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- South Korea Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- South Korea Electrical Steel Market, By Types
- South East Asia
- South East Asia Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- South East Asia Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- South East Asia Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- South East Asia Electrical Steel Market, By Types
- Rest of Asia Pacific
- Rest of Asia Pacific Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Rest of Asia Pacific Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Rest of Asia Pacific Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Rest of Asia Pacific Electrical Steel Market, By Types
- China
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Latin America Electrical Steel Market - Segment Analysis
- Overview
- Latin America Electrical Steel Market, 2016 - 2028 (USD Million)
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Latin America Electrical Steel Market, by Types
- By Grain-Oriented
- By Non-Grain-Oriented
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Latin America Electrical Steel Market, by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
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Latin America Electrical Steel Market, by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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Latin America Electrical Steel Market, by Country
- Brazil
- Brazil Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Brazil Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Brazil Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Brazil Electrical Steel Market, By Types
- Argentina
- Argentina Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Argentina Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Argentina Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Argentina Electrical Steel Market, By Types
- Rest of Latin America
- Rest of Latin America Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Rest of Latin America Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Rest of Latin America Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Rest of Latin America Electrical Steel Market, By Types
- Brazil
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Middle East & Africa Electrical Steel Market - Segment Analysis
- Overview
- Middle East & Africa Electrical Steel Market, 2016 - 2028 (USD Million)
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Middle East & Africa Electrical Steel Market, by Types
- By Grain-Oriented
- By Non-Grain-Oriented
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Middle East & Africa Electrical Steel Market, by End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
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Middle East & Africa Electrical Steel Market, by Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
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Middle East & Africa Electrical Steel Market, by Country
- GCC Countries
- GCC Countries Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- GCC Countries Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- GCC Countries Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- GCC Countries Electrical Steel Market, By Types
- South Africa
- South Africa Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- South Africa Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- South Africa Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- South Africa Electrical Steel Market, By Types
- Rest of Middle East & Africa
- Rest of Middle East & Africa Electrical Steel Market, By Types
- By Grain-Oriented
- By Non-Grain-Oriented
- Rest of Middle East & Africa Electrical Steel Market, By End Use Industries
- By Energy
- By Automotive
- By Household Appliances
- By Manufacturing
- By Other End Use Industries
- Rest of Middle East & Africa Electrical Steel Market, By Applications
- By Transformers
- By Motors
- By Inductors
- By Other Applications
- Rest of Middle East & Africa Electrical Steel Market, By Types
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- 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)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Electrical Steel in terms of revenue?
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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?
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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?
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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.
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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?
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Asia Pacific was the leading regional segment of the Electrical Steel in 2022.