Electrical Steel Market: Global Opportunity Analysis and Industry Forecast, 2024-2033

Electrical Steel Market

The electrical steel market was valued at $18.1 billion in 2023 and is projected to reach $31.5 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.

Electrical steel or silicon steel is a specialized alloy produced for the manufacturing of electrical machines and devices. It exhibits unique magnetic properties and facilitates the transmission, generation, & conversion of electrical energy. The composition of electrical steel comprises around 1-4% silicon mixed with low-carbon steel and various alloying components. The major applications that use electrical steel include transformers, inductors, reactors, generators, home appliances, and electric vehicles.

The energy-efficiency attribute of electrical steel is a key driver of the market as manufacturers have become significantly aware of the importance of enhancing the efficacy and reducing the energy consumption of appliances. Furthermore, rapid surge in urbanization has fueled the requirement for electrical connections and equipment, thereby propelling the growth of the electrical steel market.

In addition, rise in the utility of electrical steel in renewable energy projects is augmenting the market development significantly. A notable trend anticipated to acquire traction in coming years is the manufacturing of electrical steel through additive manufacturing. This technique is expected to offer the flexibility of tailoring intricate designs cost-effectively.

However, volatility in the prices of raw materials essential for the manufacturing of electrical steel, including silicon & iron, leads to unstable profits and hampers the development of the market. Moreover, the production of electrical steel exhibits a major impact on the environment owing to high carbon emissions, restraining the market growth considerably. Contrarily, constant efforts to minimize the emissions associated with steel production are projected to open new avenues for the market in the future.

For instance, ThyssenKrupp - a German steel producer - has made a notable investment in a direct reduction plant, which utilizes hydrogen as a reducing agent and possesses a capacity of 3.5 million metric tons for annual carbon dioxide savings. Therefore, the adoption of such innovative techniques is anticipated to help manufacturing companies in achieving their environmental targets and present lucrative opportunities for market expansion.

Segment Review

The electrical steel market is segmented into type, application, end use, and region. On the basis of type, the market is bifurcated into grain-oriented electrical steel and non-grain-oriented electrical steel. Depending on application, it is divided into transformers, motors, inductors, generators, and others. According to end use, it is classified into energy & power generation, automotive, manufacturing, household appliances, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of type, the non-grain-oriented electrical steel segment held a high share of the market in 2023.

Depending on application, the transformers segment acquired a high stake in the market in 2023.

According to end use, the energy & power generation segment dominated the market in 2023.

Region wise, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global electrical steel market include POSCO, JFE Steel Corporation, Cleveland-Cliffs Inc., Baosteel Co., Ltd., NIPPON STEEL CORPORATION, Slovenian Steel Group, Aperam, Tata Steel, ArcelorMittal, and voestalpine Stahl GmbH. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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Analysis of raw material in a product (by %)
Investment Opportunities
Product Benchmarking / Product specification and applications
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Technology Trend Analysis
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Type

Grain-Oriented Electrical Steel
Non-Grain-Oriented Electrical Steel
Fully Processed
Semi-Processed

By Application

Transformers
Motors
Inductors
Generators
Others

By End Use

Energy Power Generation
Automotive
Manufacturing
Household Appliances
Others

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

Key Market Players

POSCO
JFE Steel Corporation
Cleveland-Cliffs Inc.
Baosteel Co.,Ltd.
NIPPON STEEL CORPORATION
Slovenian Steel Group
Aperam
Tata Steel
ArcelorMittal
voestalpine Stahl GmbH

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

CHAPTER 4: ELECTRICAL STEEL MARKET, BY TYPE

4.1. Market Overview
4.1.1 Market Size and Forecast, By Type
4.2. Grain-Oriented Electrical Steel
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Non-Grain-Oriented Electrical Steel
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.3.5. Fully Processed
4.3.5.1. Market Size and Forecast
4.3.6. Semi-Processed
4.3.6.1. Market Size and Forecast

CHAPTER 5: ELECTRICAL STEEL MARKET, BY APPLICATION

5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. Transformers
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Motors
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Inductors
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Generators
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, By Region
5.6.3. Market Share Analysis, By Country

CHAPTER 6: ELECTRICAL STEEL MARKET, BY END USE

6.1. Market Overview
6.1.1 Market Size and Forecast, By End Use
6.2. Energy Power Generation
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Automotive
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country
6.4. Manufacturing
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast, By Region
6.4.3. Market Share Analysis, By Country
6.5. Household Appliances
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast, By Region
6.5.3. Market Share Analysis, By Country
6.6. Others
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast, By Region
6.6.3. Market Share Analysis, By Country

CHAPTER 7: ELECTRICAL STEEL MARKET, BY REGION

7.1. Market Overview
7.1.1 Market Size and Forecast, By Region
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, By Type
7.2.3. Market Size and Forecast, By Application
7.2.4. Market Size and Forecast, By End Use
7.2.5. Market Size and Forecast, By Country
7.2.6. U.S. Electrical Steel Market
7.2.6.1. Market Size and Forecast, By Type
7.2.6.2. Market Size and Forecast, By Application
7.2.6.3. Market Size and Forecast, By End Use
7.2.7. Canada Electrical Steel Market
7.2.7.1. Market Size and Forecast, By Type
7.2.7.2. Market Size and Forecast, By Application
7.2.7.3. Market Size and Forecast, By End Use
7.2.8. Mexico Electrical Steel Market
7.2.8.1. Market Size and Forecast, By Type
7.2.8.2. Market Size and Forecast, By Application
7.2.8.3. Market Size and Forecast, By End Use
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Market Size and Forecast, By Type
7.3.3. Market Size and Forecast, By Application
7.3.4. Market Size and Forecast, By End Use
7.3.5. Market Size and Forecast, By Country
7.3.6. France Electrical Steel Market
7.3.6.1. Market Size and Forecast, By Type
7.3.6.2. Market Size and Forecast, By Application
7.3.6.3. Market Size and Forecast, By End Use
7.3.7. Germany Electrical Steel Market
7.3.7.1. Market Size and Forecast, By Type
7.3.7.2. Market Size and Forecast, By Application
7.3.7.3. Market Size and Forecast, By End Use
7.3.8. Italy Electrical Steel Market
7.3.8.1. Market Size and Forecast, By Type
7.3.8.2. Market Size and Forecast, By Application
7.3.8.3. Market Size and Forecast, By End Use
7.3.9. Spain Electrical Steel Market
7.3.9.1. Market Size and Forecast, By Type
7.3.9.2. Market Size and Forecast, By Application
7.3.9.3. Market Size and Forecast, By End Use
7.3.10. UK Electrical Steel Market
7.3.10.1. Market Size and Forecast, By Type
7.3.10.2. Market Size and Forecast, By Application
7.3.10.3. Market Size and Forecast, By End Use
7.3.11. Rest Of Europe Electrical Steel Market
7.3.11.1. Market Size and Forecast, By Type
7.3.11.2. Market Size and Forecast, By Application
7.3.11.3. Market Size and Forecast, By End Use
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Market Size and Forecast, By Type
7.4.3. Market Size and Forecast, By Application
7.4.4. Market Size and Forecast, By End Use
7.4.5. Market Size and Forecast, By Country
7.4.6. China Electrical Steel Market
7.4.6.1. Market Size and Forecast, By Type
7.4.6.2. Market Size and Forecast, By Application
7.4.6.3. Market Size and Forecast, By End Use
7.4.7. Japan Electrical Steel Market
7.4.7.1. Market Size and Forecast, By Type
7.4.7.2. Market Size and Forecast, By Application
7.4.7.3. Market Size and Forecast, By End Use
7.4.8. India Electrical Steel Market
7.4.8.1. Market Size and Forecast, By Type
7.4.8.2. Market Size and Forecast, By Application
7.4.8.3. Market Size and Forecast, By End Use
7.4.9. South Korea Electrical Steel Market
7.4.9.1. Market Size and Forecast, By Type
7.4.9.2. Market Size and Forecast, By Application
7.4.9.3. Market Size and Forecast, By End Use
7.4.10. Australia Electrical Steel Market
7.4.10.1. Market Size and Forecast, By Type
7.4.10.2. Market Size and Forecast, By Application
7.4.10.3. Market Size and Forecast, By End Use
7.4.11. Rest of Asia-Pacific Electrical Steel Market
7.4.11.1. Market Size and Forecast, By Type
7.4.11.2. Market Size and Forecast, By Application
7.4.11.3. Market Size and Forecast, By End Use
7.5. LAMEA
7.5.1. Key Market Trends and Opportunities
7.5.2. Market Size and Forecast, By Type
7.5.3. Market Size and Forecast, By Application
7.5.4. Market Size and Forecast, By End Use
7.5.5. Market Size and Forecast, By Country
7.5.6. Brazil Electrical Steel Market
7.5.6.1. Market Size and Forecast, By Type
7.5.6.2. Market Size and Forecast, By Application
7.5.6.3. Market Size and Forecast, By End Use
7.5.7. South Africa Electrical Steel Market
7.5.7.1. Market Size and Forecast, By Type
7.5.7.2. Market Size and Forecast, By Application
7.5.7.3. Market Size and Forecast, By End Use
7.5.8. Saudi Arabia Electrical Steel Market
7.5.8.1. Market Size and Forecast, By Type
7.5.8.2. Market Size and Forecast, By Application
7.5.8.3. Market Size and Forecast, By End Use
7.5.9. Rest of LAMEA Electrical Steel Market
7.5.9.1. Market Size and Forecast, By Type
7.5.9.2. Market Size and Forecast, By Application
7.5.9.3. Market Size and Forecast, By End Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. POSCO
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves and Developments
9.2. JFE Steel Corporation
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Operating Business Segments
9.2.5. Product Portfolio
9.2.6. Business Performance
9.2.7. Key Strategic Moves and Developments
9.3. Cleveland-Cliffs Inc.
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Operating Business Segments
9.3.5. Product Portfolio
9.3.6. Business Performance
9.3.7. Key Strategic Moves and Developments
9.4. Baosteel Co., Ltd.
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. Business Performance
9.4.7. Key Strategic Moves and Developments
9.5. NIPPON STEEL CORPORATION
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Operating Business Segments
9.5.5. Product Portfolio
9.5.6. Business Performance
9.5.7. Key Strategic Moves and Developments
9.6. Slovenian Steel Group
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. Business Performance
9.6.7. Key Strategic Moves and Developments
9.7. Aperam
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. Business Performance
9.7.7. Key Strategic Moves and Developments
9.8. Tata Steel
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Operating Business Segments
9.8.5. Product Portfolio
9.8.6. Business Performance
9.8.7. Key Strategic Moves and Developments
9.9. ArcelorMittal
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. Business Performance
9.9.7. Key Strategic Moves and Developments
9.10. Voestalpine Stahl GmbH
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Operating Business Segments
9.10.5. Product Portfolio
9.10.6. Business Performance
9.10.7. Key Strategic Moves and Developments

LIST OF TABLES

Table 1. Global Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 2. Global Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 3. Electrical Steel Market for Grain-Oriented Electrical Steel, by Region, 2024 - 2033 ($Billion)
Table 4. Electrical Steel Market for Grain-Oriented Electrical Steel, by Region, 2024 - 2033 (Kiloton)
Table 5. Electrical Steel Market for Non-Grain-Oriented Electrical Steel, by Region, 2024 - 2033 ($Billion)
Table 6. Electrical Steel Market for Non-Grain-Oriented Electrical Steel, by Region, 2024 - 2033 (Kiloton)
Table 7. Global Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 8. Global Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 9. Electrical Steel Market for Transformers, by Region, 2024 - 2033 ($Billion)
Table 10. Electrical Steel Market for Transformers, by Region, 2024 - 2033 (Kiloton)
Table 11. Electrical Steel Market for Motors, by Region, 2024 - 2033 ($Billion)
Table 12. Electrical Steel Market for Motors, by Region, 2024 - 2033 (Kiloton)
Table 13. Electrical Steel Market for Inductors, by Region, 2024 - 2033 ($Billion)
Table 14. Electrical Steel Market for Inductors, by Region, 2024 - 2033 (Kiloton)
Table 15. Electrical Steel Market for Generators, by Region, 2024 - 2033 ($Billion)
Table 16. Electrical Steel Market for Generators, by Region, 2024 - 2033 (Kiloton)
Table 17. Electrical Steel Market for Others, by Region, 2024 - 2033 ($Billion)
Table 18. Electrical Steel Market for Others, by Region, 2024 - 2033 (Kiloton)
Table 19. Global Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 20. Global Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 21. Electrical Steel Market for Energy Power Generation, by Region, 2024 - 2033 ($Billion)
Table 22. Electrical Steel Market for Energy Power Generation, by Region, 2024 - 2033 (Kiloton)
Table 23. Electrical Steel Market for Automotive, by Region, 2024 - 2033 ($Billion)
Table 24. Electrical Steel Market for Automotive, by Region, 2024 - 2033 (Kiloton)
Table 25. Electrical Steel Market for Manufacturing, by Region, 2024 - 2033 ($Billion)
Table 26. Electrical Steel Market for Manufacturing, by Region, 2024 - 2033 (Kiloton)
Table 27. Electrical Steel Market for Household Appliances, by Region, 2024 - 2033 ($Billion)
Table 28. Electrical Steel Market for Household Appliances, by Region, 2024 - 2033 (Kiloton)
Table 29. Electrical Steel Market for Others, by Region, 2024 - 2033 ($Billion)
Table 30. Electrical Steel Market for Others, by Region, 2024 - 2033 (Kiloton)
Table 31. Electrical Steel Market, by Region, 2024 - 2033 ($Billion)
Table 32. Electrical Steel Market, by Region, 2024 - 2033 (Kiloton)
Table 33. North America Electrical Steel Market, by Country, 2024 - 2033 ($Billion)
Table 34. North America Electrical Steel Market, by Country, 2024 - 2033 (Kiloton)
Table 35. North America Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 36. North America Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 37. North America Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 38. North America Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 39. North America Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 40. North America Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 41. U.S. Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 42. U.S. Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 43. U.S. Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 44. U.S. Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 45. U.S. Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 46. U.S. Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 47. Canada Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 48. Canada Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 49. Canada Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 50. Canada Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 51. Canada Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 52. Canada Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 53. Mexico Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 54. Mexico Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 55. Mexico Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 56. Mexico Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 57. Mexico Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 58. Mexico Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 59. Europe Electrical Steel Market, by Country, 2024 - 2033 ($Billion)
Table 60. Europe Electrical Steel Market, by Country, 2024 - 2033 (Kiloton)
Table 61. Europe Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 62. Europe Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 63. Europe Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 64. Europe Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 65. Europe Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 66. Europe Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 67. France Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 68. France Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 69. France Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 70. France Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 71. France Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 72. France Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 73. Germany Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 74. Germany Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 75. Germany Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 76. Germany Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 77. Germany Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 78. Germany Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 79. Italy Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 80. Italy Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 81. Italy Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 82. Italy Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 83. Italy Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 84. Italy Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 85. Spain Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 86. Spain Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 87. Spain Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 88. Spain Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 89. Spain Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 90. Spain Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 91. UK Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 92. UK Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 93. UK Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 94. UK Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 95. UK Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 96. UK Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 97. Rest of Europe Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 98. Rest of Europe Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 99. Rest of Europe Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 100. Rest of Europe Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 101. Rest of Europe Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 102. Rest of Europe Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 103. Asia-Pacific Electrical Steel Market, by Country, 2024 - 2033 ($Billion)
Table 104. Asia-Pacific Electrical Steel Market, by Country, 2024 - 2033 (Kiloton)
Table 105. Asia-Pacific Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 106. Asia-Pacific Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 107. Asia-Pacific Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 108. Asia-Pacific Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 109. Asia-Pacific Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 110. Asia-Pacific Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 111. China Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 112. China Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 113. China Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 114. China Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 115. China Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 116. China Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 117. Japan Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 118. Japan Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 119. Japan Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 120. Japan Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 121. Japan Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 122. Japan Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 123. India Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 124. India Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 125. India Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 126. India Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 127. India Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 128. India Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 129. South Korea Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 130. South Korea Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 131. South Korea Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 132. South Korea Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 133. South Korea Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 134. South Korea Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 135. Australia Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 136. Australia Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 137. Australia Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 138. Australia Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 139. Australia Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 140. Australia Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 141. Rest of Asia-Pacific Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 142. Rest of Asia-Pacific Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 143. Rest of Asia-Pacific Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 144. Rest of Asia-Pacific Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 145. Rest of Asia-Pacific Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 146. Rest of Asia-Pacific Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 147. LAMEA Electrical Steel Market, by Country, 2024 - 2033 ($Billion)
Table 148. LAMEA Electrical Steel Market, by Country, 2024 - 2033 (Kiloton)
Table 149. LAMEA Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 150. LAMEA Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 151. LAMEA Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 152. LAMEA Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 153. LAMEA Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 154. LAMEA Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 155. Brazil Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 156. Brazil Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 157. Brazil Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 158. Brazil Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 159. Brazil Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 160. Brazil Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 161. South Africa Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 162. South Africa Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 163. South Africa Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 164. South Africa Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 165. South Africa Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 166. South Africa Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 167. Saudi Arabia Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 168. Saudi Arabia Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 169. Saudi Arabia Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 170. Saudi Arabia Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 171. Saudi Arabia Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 172. Saudi Arabia Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 173. Rest of LAMEA Electrical Steel Market, by Type, 2024 - 2033 ($Billion)
Table 174. Rest of LAMEA Electrical Steel Market, by Type, 2024 - 2033 (Kiloton)
Table 175. Rest of LAMEA Electrical Steel Market, by Application, 2024 - 2033 ($Billion)
Table 176. Rest of LAMEA Electrical Steel Market, by Application, 2024 - 2033 (Kiloton)
Table 177. Rest of LAMEA Electrical Steel Market, by End Use, 2024 - 2033 ($Billion)
Table 178. Rest of LAMEA Electrical Steel Market, by End Use, 2024 - 2033 (Kiloton)
Table 179. Posco: Key Executives
Table 180. Posco: Company Snapshot
Table 181. Posco: Operating Segments
Table 182. Posco: Product Portfolio
Table 183. Posco: Key Strategic Moves and Developments
Table 184. Jfe Steel Corporation: Key Executives
Table 185. Jfe Steel Corporation: Company Snapshot
Table 186. Jfe Steel Corporation: Operating Segments
Table 187. Jfe Steel Corporation: Product Portfolio
Table 188. Jfe Steel Corporation: Key Strategic Moves and Developments
Table 189. Cleveland-Cliffs Inc.: Key Executives
Table 190. Cleveland-Cliffs Inc.: Company Snapshot
Table 191. Cleveland-Cliffs Inc.: Operating Segments
Table 192. Cleveland-Cliffs Inc.: Product Portfolio
Table 193. Cleveland-Cliffs Inc.: Key Strategic Moves and Developments
Table 194. Baosteel Co. Ltd.: Key Executives
Table 195. Baosteel Co. Ltd.: Company Snapshot
Table 196. Baosteel Co. Ltd.: Operating Segments
Table 197. Baosteel Co. Ltd.: Product Portfolio
Table 198. Baosteel Co. Ltd.: Key Strategic Moves and Developments
Table 199. Nippon Steel Corporation: Key Executives
Table 200. Nippon Steel Corporation: Company Snapshot
Table 201. Nippon Steel Corporation: Operating Segments
Table 202. Nippon Steel Corporation: Product Portfolio
Table 203. Nippon Steel Corporation: Key Strategic Moves and Developments
Table 204. Slovenian Steel Group: Key Executives
Table 205. Slovenian Steel Group: Company Snapshot
Table 206. Slovenian Steel Group: Operating Segments
Table 207. Slovenian Steel Group: Product Portfolio
Table 208. Slovenian Steel Group: Key Strategic Moves and Developments
Table 209. Aperam: Key Executives
Table 210. Aperam: Company Snapshot
Table 211. Aperam: Operating Segments
Table 212. Aperam: Product Portfolio
Table 213. Aperam: Key Strategic Moves and Developments
Table 214. Tata Steel: Key Executives
Table 215. Tata Steel: Company Snapshot
Table 216. Tata Steel: Operating Segments
Table 217. Tata Steel: Product Portfolio
Table 218. Tata Steel: Key Strategic Moves and Developments
Table 219. Arcelormittal: Key Executives
Table 220. Arcelormittal: Company Snapshot
Table 221. Arcelormittal: Operating Segments
Table 222. Arcelormittal: Product Portfolio
Table 223. Arcelormittal: Key Strategic Moves and Developments
Table 224. Voestalpine Stahl GmbH: Key Executives
Table 225. Voestalpine Stahl GmbH: Company Snapshot
Table 226. Voestalpine Stahl GmbH: Operating Segments
Table 227. Voestalpine Stahl GmbH: Product Portfolio
Table 228. Voestalpine Stahl GmbH: Key Strategic Moves and Developments

LIST OF FIGURES

Figure 1. Global Electrical Steel Market, 2024 - 2033
Figure 2. Segmentation of Electrical Steel Market, 2024 - 2033
Figure 3. Top Investment Pocket in Electrical Steel Market
Figure 4. Moderate Bargaining Power of Buyers
Figure 5. Moderate Bargaining Power of Suppliers
Figure 6. Moderate Threat of New Entrants
Figure 7. Low Threat of Substitution
Figure 8. High Competitive Rivalry
Figure 9. Opportunities, Restraints and Drivers: Globalelectrical Steel Market
Figure 10. Global Electrical Steel Market Segmentation, by Type
Figure 11. Electrical Steel Market for Grain-Oriented Electrical Steel, by Country, 2024 - 2033 ($Billion)
Figure 12. Electrical Steel Market for Non-Grain-Oriented Electrical Steel, by Country, 2024 - 2033 ($Billion)
Figure 13. Global Electrical Steel Market Segmentation, by Application
Figure 14. Electrical Steel Market for Transformers, by Country, 2024 - 2033 ($Billion)
Figure 15. Electrical Steel Market for Motors, by Country, 2024 - 2033 ($Billion)
Figure 16. Electrical Steel Market for Inductors, by Country, 2024 - 2033 ($Billion)
Figure 17. Electrical Steel Market for Generators, by Country, 2024 - 2033 ($Billion)
Figure 18. Electrical Steel Market for Others, by Country, 2024 - 2033 ($Billion)
Figure 19. Global Electrical Steel Market Segmentation, by End Use
Figure 20. Electrical Steel Market for Energy Power Generation, by Country, 2024 - 2033 ($Billion)
Figure 21. Electrical Steel Market for Automotive, by Country, 2024 - 2033 ($Billion)
Figure 22. Electrical Steel Market for Manufacturing, by Country, 2024 - 2033 ($Billion)
Figure 23. Electrical Steel Market for Household Appliances, by Country, 2024 - 2033 ($Billion)
Figure 24. Electrical Steel Market for Others, by Country, 2024 - 2033 ($Billion)
Figure 25. Top Winning Strategies, by Year, 2021-2023*
Figure 26. Top Winning Strategies, by Development, 2021-2023*
Figure 27. Top Winning Strategies, by Company, 2021-2023*
Figure 28. Product Mapping of Top 10 Players
Figure 29. Competitive Dashboard
Figure 30. Competitive Heatmap: Electrical Steel Market
Figure 31. Top Player Positioning, 2023
Figure 32. Posco: Net Sales, 2021-2023 ($Billion)
Figure 33. Posco: Revenue Share, by Segment, 2023 (%)
Figure 34. Posco: Revenue Share, by Region, 2023 (%)
Figure 35. Jfe Steel Corporation: Net Sales, 2021-2023 ($Billion)
Figure 36. Jfe Steel Corporation: Revenue Share, by Segment, 2023 (%)
Figure 37. Jfe Steel Corporation: Revenue Share, by Region, 2023 (%)
Figure 38. Cleveland-Cliffs Inc.: Net Sales, 2021-2023 ($Billion)
Figure 39. Cleveland-Cliffs Inc.: Revenue Share, by Segment, 2023 (%)
Figure 40. Cleveland-Cliffs Inc.: Revenue Share, by Region, 2023 (%)
Figure 41. Baosteel Co. Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 42. Baosteel Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 43. Baosteel Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 44. Nippon Steel Corporation: Net Sales, 2021-2023 ($Billion)
Figure 45. Nippon Steel Corporation: Revenue Share, by Segment, 2023 (%)
Figure 46. Nippon Steel Corporation: Revenue Share, by Region, 2023 (%)
Figure 47. Slovenian Steel Group: Net Sales, 2021-2023 ($Billion)
Figure 48. Slovenian Steel Group: Revenue Share, by Segment, 2023 (%)
Figure 49. Slovenian Steel Group: Revenue Share, by Region, 2023 (%)
Figure 50. Aperam: Net Sales, 2021-2023 ($Billion)
Figure 51. Aperam: Revenue Share, by Segment, 2023 (%)
Figure 52. Aperam: Revenue Share, by Region, 2023 (%)
Figure 53. Tata Steel: Net Sales, 2021-2023 ($Billion)
Figure 54. Tata Steel: Revenue Share, by Segment, 2023 (%)
Figure 55. Tata Steel: Revenue Share, by Region, 2023 (%)
Figure 56. Arcelormittal: Net Sales, 2021-2023 ($Billion)
Figure 57. Arcelormittal: Revenue Share, by Segment, 2023 (%)
Figure 58. Arcelormittal: Revenue Share, by Region, 2023 (%)
Figure 59. Voestalpine Stahl GmbH: Net Sales, 2021-2023 ($Billion)
Figure 60. Voestalpine Stahl GmbH: Revenue Share, by Segment, 2023 (%)
Figure 61. Voestalpine Stahl GmbH: Revenue Share, by Region, 2023 (%)

Companies Mentioned

POSCO
JFE Steel Corporation
Cleveland-Cliffs Inc.
Baosteel Co.,Ltd.
NIPPON STEEL CORPORATION
Slovenian Steel Group
Aperam
Tata Steel
ArcelorMittal
voestalpine Stahl GmbH

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report Attribute	Details
No. of Pages	420
Published	October 2024
Forecast Period	2023 - 2033
Estimated Market Value ( USD ) in 2023	$ 18.1 billion
Forecasted Market Value ( USD ) by 2033	$ 31.5 billion
Compound Annual Growth Rate	5.7%
Regions Covered	Global
No. of Companies Mentioned	10

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