Electrical Steel Market

A Detailed Analysis of the Electrical Steel Market Based on the Expansion of Steel Industry, and Soaring Demand for Energy-efficient Transformers and Motors

Market Study on Electrical Steel: PMR Identifies Various Opportunities for Manufacturers in the Years to Come, in the Backdrop of the Mounting Investments in Infrastructural Developments, Solid Prospects of the Renewable Energy Sector.

- Table of Content -

1. Executive Summary

     1.1. Global Electrical Steel Market Snapshot, 2024 and 2031

     1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn

     1.3. Key Market Trends

     1.4. Future Market Projections

     1.5. Premium Market Insights

     1.6. Industry Developments and Key Market Events   

     1.7. PMR Analysis and Recommendations

2. Market Overview

     2.1. Market Scope and Definition

     2.2. Market Dynamics

          2.2.1. Drivers

          2.2.2. Restraints

          2.2.3. Opportunity

          2.2.4. Challenges

          2.2.5. Key Trends

     2.3. Product Type Lifecycle Analysis

     2.4. Electrical Steel Market: Value Chain

          2.4.1. List of Raw Application Supplier

          2.4.2. List of Manufacturers

          2.4.3. List of Distributors

          2.4.4. List of End-use Industrys

          2.4.5. Profitability Analysis

     2.5. Porter Five Force's Analysis

     2.6. Geopolitical Tensions: Market Impact   

     2.7. Macro-Economic Factors

          2.7.1. Global Sectorial Outlook

          2.7.2. Global GDP Growth Outlook

          2.7.3. Global Parent Market Overview

     2.8. Forecast Factors - Relevance and Impact

     2.9. Regulatory and Technology Landscape

3. Global Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     3.1. Key Highlights

          3.1.1. Market Volume (Units) Projections

          3.1.2. Market Size and Y-o-Y Growth

          3.1.3. Absolute $ Opportunity

     3.2. Market Size (US$ Mn) Analysis and Forecast

          3.2.1. Historical Market Size Analysis, 2013-2016

          3.2.2. Current Market Size Forecast, 2018-2026

     3.3. Global Electrical Steel Market Outlook: Product Type

          3.3.1. Introduction / Key Findings

          3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2023

          3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

               3.3.3.1. Grain-Oriented Electrical Steel (GOES)

               3.3.3.2. Non-Grain Oriented Electrical Steel (NGOES)

     3.4. Market Attractiveness Analysis: Product Type

     3.5. Global Electrical Steel Market Outlook: Application

          3.5.1. Introduction / Key Findings

          3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2023

          3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

               3.5.3.1. Transformers

               3.5.3.2. Motors

               3.5.3.3. Generators

               3.5.3.4. Inductors and Chokes

               3.5.3.5. Misc.

     3.6. Market Attractiveness Analysis: Application

     3.7. Global Electrical Steel Market Outlook: End-use Industry

          3.7.1. Introduction / Key Findings

          3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use Industry, 2018 - 2023

          3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

               3.7.3.1. Energy and Power Generation

               3.7.3.2. Automotive

               3.7.3.3. Manufacturing  

               3.7.3.4. Electronics

               3.7.3.5. Aerospace

     3.8. Market Attractiveness Analysis: End-use Industry

4. Global Electrical Steel Market Outlook: Region

     4.1. Key Highlights

     4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2023

     4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2024 - 2031

          4.3.1. North America

          4.3.2. Europe

          4.3.3. East Asia

          4.3.4. South Asia and Oceania

          4.3.5. Latin America

          4.3.6. Middle East & Africa (MEA)

     4.4. Market Attractiveness Analysis: Region

5. North America Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031) 

     5.1. Key Highlights

     5.2. Pricing Analysis

     5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          5.3.1. By Country

          5.3.2. By Product Type

          5.3.3. By Application

          5.3.4. By End-use Industry 

     5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          5.4.1. U.S.

          5.4.2. Canada

     5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          5.5.1. Grain-Oriented Electrical Steel (GOES)

          5.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          5.6.1. Transformers

          5.6.2. Motors

          5.6.3. Generators

          5.6.4. Inductors and Chokes

          5.6.5. Misc.

     5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          5.7.1. Energy and Power Generation

          5.7.2. Automotive

          5.7.3. Manufacturing

          5.7.4. Electronics

          5.7.5. Aerospace

     5.8. Market Attractiveness Analysis

6. Europe Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     6.1. Key Highlights

     6.2. Pricing Analysis

     6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          6.3.1. By Country

          6.3.2. By Product Type

          6.3.3. By Application

          6.3.4. By End-use Industry 

     6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          6.4.1. Germany

          6.4.2. France

          6.4.3. U.K.

          6.4.4. Italy

          6.4.5. Spain

          6.4.6. Russia

          6.4.7. T rkiye

          6.4.8. Rest of Europe

     6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          6.5.1. Grain-Oriented Electrical Steel (GOES)

          6.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          6.6.1. Transformers

          6.6.2. Motors

          6.6.3. Generators

          6.6.4. Inductors and Chokes

          6.6.5. Misc.

     6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          6.7.1. Energy and Power Generation

          6.7.2. Automotive

          6.7.3. Manufacturing

          6.7.4. Electronics

          6.7.5. Aerospace

     6.8. Market Attractiveness Analysis

7. East Asia Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     7.1. Key Highlights

     7.2. Pricing Analysis

     7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          7.3.1. By Country

          7.3.2. By Product Type

          7.3.3. By Application

          7.3.4. By End-use Industry 

     7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          7.4.1. China

          7.4.2. Japan

          7.4.3. South Korea

     7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          7.5.1. Grain-Oriented Electrical Steel (GOES)

          7.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          7.6.1. Transformers

          7.6.2. Motors

          7.6.3. Generators

          7.6.4. Inductors and Chokes

          7.6.5. Misc.

     7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          7.7.1. Energy and Power Generation

          7.7.2. Automotive

          7.7.3. Manufacturing

          7.7.4. Electronics

          7.7.5. Aerospace

     7.8. Market Attractiveness Analysis

8. South Asia & Oceania Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     8.1. Key Highlights

     8.2. Pricing Analysis

     8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          8.3.1. By Country

          8.3.2. By Product Type

          8.3.3. By Application

          8.3.4. By End-use Industry 

     8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          8.4.1. India

          8.4.2. Southeast Asia

          8.4.3. ANZ

          8.4.4. Rest of South Asia & Oceania

     8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          8.5.1. Grain-Oriented Electrical Steel (GOES)

          8.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          8.6.1. Transformers

          8.6.2. Motors

          8.6.3. Generators

          8.6.4. Inductors and Chokes

          8.6.5. Misc.

     8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          8.7.1. Energy and Power Generation

          8.7.2. Automotive

          8.7.3. Manufacturing

          8.7.4. Electronics

          8.7.5. Aerospace

     8.8. Market Attractiveness Analysis

9. Latin America Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     9.1. Key Highlights

     9.2. Pricing Analysis

     9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          9.3.1. By Country

          9.3.2. By Product Type

          9.3.3. By Application

          9.3.4. By End-use Industry 

     9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          9.4.1. Brazil

          9.4.2. Mexico

          9.4.3. Rest of Latin America

     9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          9.5.1. Grain-Oriented Electrical Steel (GOES)

          9.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          9.6.1. Transformers

          9.6.2. Motors

          9.6.3. Generators

          9.6.4. Inductors and Chokes

          9.6.5. Misc.

     9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          9.7.1. Energy and Power Generation

          9.7.2. Automotive

          9.7.3. Manufacturing

          9.7.4. Electronics

          9.7.5. Aerospace

     9.8. Market Attractiveness Analysis

10. Middle East & Africa Electrical Steel Market Outlook: Historical (2018 - 2023) and Forecast (2024 - 2031)

     10.1. Key Highlights

     10.2. Pricing Analysis

     10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2023

          10.3.1. By Country

          10.3.2. By Product Type

          10.3.3. By Application

          10.3.4. By End-use Industry 

     10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024 - 2031

          10.4.1. GCC

          10.4.2. Egypt

          10.4.3. South Africa

          10.4.4. Northern Africa

          10.4.5. Rest of Middle East & Africa

     10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2024 - 2031

          10.5.1. Grain-Oriented Electrical Steel (GOES)

          10.5.2. Non-Grain Oriented Electrical Steel (NGOES)

     10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024 - 2031

          10.6.1. Transformers

          10.6.2. Motors

          10.6.3. Generators

          10.6.4. Inductors and Chokes

          10.6.5. Misc.

     10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2024 - 2031

          10.7.1. Energy and Power Generation

          10.7.2. Automotive

          10.7.3. Manufacturing

          10.7.4. Electronics

          10.7.5. Aerospace

     10.8. Market Attractiveness Analysis

11. Competition Landscape

     11.1. Market Share Analysis, 2023

     11.2. Market Structure

          11.2.1. Competition Intensity Mapping By Market  

          11.2.2. Competition Analog IC

          11.2.3. Apparent Product Capacity

     11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)

          11.3.1. Nippon Steel Corporation

               11.3.1.1. Overview

               11.3.1.2. Segments and Product

               11.3.1.3. Key Financials

               11.3.1.4. Market Developments

               11.3.1.5. Market Strategy

          11.3.2. POSCO

               11.3.2.1. Overview

               11.3.2.2. Segments and Product

               11.3.2.3. Key Financials

               11.3.2.4. Market Developments

               11.3.2.5. Market Strategy

          11.3.3. JFE Steel Corporation

               11.3.3.1. Overview

               11.3.3.2. Segments and Product

               11.3.3.3. Key Financials

               11.3.3.4. Market Developments

               11.3.3.5. Market Strategy

          11.3.4. Baosteel Group Corporation

               11.3.4.1. Overview

               11.3.4.2. Segments and Product

               11.3.4.3. Key Financials

               11.3.4.4. Market Developments

               11.3.4.5. Market Strategy

          11.3.5. ArcelorMittal

               11.3.5.1. Overview

               11.3.5.2. Segments and Product

               11.3.5.3. Key Financials

               11.3.5.4. Market Developments

               11.3.5.5. Market Strategy

          11.3.6. ThyssenKrupp AG

               11.3.6.1. Overview

               11.3.6.2. Segments and Product

               11.3.6.3. Key Financials

               11.3.6.4. Market Developments

               11.3.6.5. Market Strategy

          11.3.7. Cogent Power

               11.3.7.1. Overview

               11.3.7.2. Segments and Product

               11.3.7.3. Key Financials

               11.3.7.4. Market Developments

               11.3.7.5. Market Strategy

          11.3.8. AK Steel Holding Corporation

               11.3.8.1. Overview

               11.3.8.2. Segments and Product

               11.3.8.3. Key Financials

               11.3.8.4. Market Developments

               11.3.8.5. Market Strategy

          11.3.9. Aperam

               11.3.9.1. Overview

               11.3.9.2. Segments and Product

               11.3.9.3. Key Financials

               11.3.9.4. Market Developments

               11.3.9.5. Market Strategy

          11.3.10. Voestalpine AG

               11.3.10.1. Overview

               11.3.10.2. Segments and Product

               11.3.10.3. Key Financials

               11.3.10.4. Market Developments

               11.3.10.5. Market Strategy

          11.3.11. Allegheny Technologies, Inc.

               11.3.11.1. Overview

               11.3.11.2. Segments and Product

               11.3.11.3. Key Financials

               11.3.11.4. Market Developments

               11.3.11.5. Market Strategy

          11.3.12. Nicore Electrical Manufactory Co., LTD.

               11.3.12.1. Overview

               11.3.12.2. Segments and Product

               11.3.12.3. Key Financials

               11.3.12.4. Market Developments

               11.3.12.5. Market Strategy

12. Appendix

     12.1. Research Methodology

     12.2. Research Assumptions

     12.3. Acronyms and Abbreviations

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