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2025-2033年電工鋼市場規模、佔有率、趨勢及預測（按類型、應用、最終用途行業和地區）

Electrical Steel Market Size, Share, Trends and Forecast by Type, Application, End Use Industry, and Region, 2025-2033
出版日期: | 出版商: IMARC | 英文 139 Pages | 商品交期: 2-3個工作天內

價格

2024年，全球電工鋼市場規模為419.7億美元。展望未來， IMARC Group預測，到2033年，市場規模將達到669.5億美元，2025-2033年期間的複合年成長率為4.79%。亞太地區目前佔據市場主導地位，2024年將佔據超過72.8%的電工鋼市場。受智慧電網技術投資增加、政府推動能源效率和永續性舉措、對高性能材料日益成長的電動車（EV）需求以及電力基礎設施技術的持續進步的推動，市場正在穩步成長。

全球電工鋼市場的發展受到工業、發電和輸電等關鍵應用領域對節能服務日益成長的需求的推動。再生能源系統部署和電動車（EV）購買量的不斷成長，大幅提升了發電機、變壓器和電動馬達對電工鋼的需求。此外，老化電網的快速現代化（尤其是在已開發經濟體）以及新興國家基礎設施的擴張，進一步推動了電工鋼市場的成長。此外，電工鋼也廣泛用於變壓器、電動機、發電機、電感器、磁繼電器和致動器的鐵芯，從而提高了各種電氣和電子系統的能源效率和性能。

美國是電工鋼的重要市場，得益於其在能源基礎設施、彈性工業基礎和尖端製造業方面的大量投資。電動車銷量的不斷成長以及向再生能源系統的轉變，推動了電動馬達、變壓器和發電機對電工鋼的需求。例如，2025年1月，美國大型能源儲存服務公司Convergent Energy and Power宣布向美國能源部貸款專案辦公室獲得5.845億美元的貸款。這筆投資將用於建造太陽能光電系統。此外，嚴格的節能政策和老化電網的現代化改造也進一步促進了市場擴張。此外，政府致力於降低對進口的依賴並增強國內製造能力，再加上鋼鐵生產技術的積極創新，使美國成為全球電工鋼產業的重要參與者。

電工鋼市場趨勢：

電動車（EV）需求不斷成長

全球電動車普及率的大幅提升是推動電工鋼市場發展的主要因素之一。隨著人們對清潔能源和低排放的日益關注，全球對電動車 (EV) 的需求大幅增加，汽車和政府部門也在大力推廣，這導致對可提升電動車性能的輕質材料的需求上升。國際能源總署 (IEA) 報告稱，2023 年全球註冊的電動車數量約為 1,400 萬輛。此外，電動車馬達和變壓器設計的未來取決於電工鋼，這種材料以其出色的磁性和高電阻率而聞名。同時，電動車技術的加速發展與充電基礎設施投資的不斷增加一致，進一步推高了對高階電工鋼的需求。因此，這一趨勢有助於全球市場發展，因為汽車產業是電工鋼的巨大消費者，從而促進了電工鋼市場的需求。

電力基礎設施的進步

電工鋼市場的主要驅動力也在於電力基礎設施的安裝和升級。此外，電工鋼有助於製造變壓器、電感器以及電網的關鍵零件，從而實現高效的能源傳輸和分配。隨著各國更新電網以處理更多再生能源，以滿足對電工鋼的需求，全球各地都在加強投資。 2024年，全球再生能源市場規模將達9,609億美元。因此，滿足日益成長的能源需求和永續發展目標所需的基礎設施建設將推動這一市場的發展。此外，電網可靠性的提高和智慧電網技術的採用也推動了對電工鋼日益成長的依賴。

再生能源擴張

隨著再生能源從煤炭、石油和天然氣轉變為風能和太陽能轉變，電工鋼市場規模也受到影響。一些重要的再生電力生產系統如果在生產過程中使用電工鋼來轉換和處理再生能源，就能達到尖峰效率。世界經濟論壇的數據顯示，2023年全球再生能源產能較2022年成長了50%以上。此外，政府越來越多推出綠色能源技術應用的措施和激勵措施，加上太陽能、電動車充電站、風能等再生能源系統的持續技術升級，正在推動電工鋼需求的增加。隨著世界各國努力減少碳足跡並採用更清潔的能源，全球對亞太地區高性能電工鋼的需求也不斷成長，這為電工鋼材料的銷售創造了有利的市場環境，推動了全球市場的成長和永續發展，同時也塑造了積極的電工鋼市場前景。

目錄

第1章：前言

第2章：範圍與方法

  • 研究目標
  • 利害關係人
  • 資料來源
    • 主要來源
    • 二手資料
  • 市場評估
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第3章：執行摘要

第4章：簡介

第5章：全球電工鋼市場

  • 市場概況
  • 市場表現
  • COVID-19的影響
  • 市場預測

第6章：市場細分：依類型

  • 取向電工鋼
  • 無取向電工鋼

第7章：市場區隔：依應用

  • 變形金剛
  • 馬達
  • 產生器
  • 其他

第8章：市場區隔：依最終用途產業

  • 能源和電力
  • 汽車
  • 家用電器
  • 建築和施工
  • 其他

第9章：市場細分：依地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲

第 10 章：SWOT 分析

第 11 章：價值鏈分析

第 12 章：波特五力分析

第13章：價格分析

第 14 章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Aperam
    • ArcelorMittal
    • Baoshan Iron & Steel Co. Ltd. (China Baowu Steel Group Corp. Ltd.)
    • China Steel Corporation
    • JFE Holdings Inc.
    • JSW Steel Ltd.
    • Nippon Steel Corporation
    • POSCO
    • SIJ - Slovenian Steel Group dd
    • Steel Authority of India Limited
    • Sumitomo Corporation
    • Tata Steel Limited
    • ThyssenKrupp AG
    • United States Steel Corporation
    • Voestalpine AG
Product Code: SR112025A4637

The global electrical steel market size was valued at USD 41.97 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 66.95 Billion by 2033, exhibiting a CAGR of 4.79% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant electrical steel market share of over 72.8% in 2024. The market is experiencing steady growth driven by increasing investments in smart grid technologies, government initiatives promoting energy efficiency and sustainability, the escalating demand for electric vehicles (EVs) requiring high-performance materials, and continual technological advancements in power infrastructure.

The global electrical steel market is propelled by the accelerating need for energy-efficient services across key applications including industrial, power generation, and transmission. Elevating growth in the deployment of renewable energy systems and purchase of electric vehicles (EVs) has substantially bolstered the requirement for electrical steel in generators, transformers, and motors. Furthermore, rapid modernization of aging power grids, especially in developed economies, and the magnification of infrastructure in emerging nations further fuel electrical steel market growth. In addition to this, electrical steel is widely used in the cores of transformers, electric motors, generators, inductors, magnetic relays, and actuators, enhancing energy efficiency and performance in various electrical and electronic systems.

The United States accounts for a critical market for electrical steel, bolstered by heavy investments in energy infrastructure, its resilient industrial base, and leading-edge manufacturing segment. The escalating sales of electric vehicles, along with shift towards renewable energy systems has fueled the requirement for electrical steel in electric motors, transformers, and generators. For instance, in January 2025, Convergent Energy and Power, a major U.S.-based energy storage services firm, announced securing USD 584.5 million loan from the U.S. Department of Energy's Loan Programs Office. This investment will assist the construction of a solar photovoltaic system. In addition to this, adherence with strict energy saving policies and modernization of aging power grids further aid market expansion. Furthermore, government ventures to lower dependency on imports and bolster domestic manufacturing capacity, combined with active innovations in steel production technologies, establish the U.S. as a crucial player in the global electrical steel industry.

Electrical Steel Market Trends:

Growing Demand for Electric Vehicles (EVs)

A significant increase in electric vehicle penetration across the globe is one of the main factors driving the electrical steel market. Electric Vehicles (EVs) have seen a significant increase in global demand due to growing concerns over cleaner energy and lower emissions, with the automotive and governmental sectors promoting the same, leading to a rise in demand for lightweight materials that can add to the improved performance of the EVs. The International Energy Agency (IEA) reports that approximately 14 million electric vehicles were registered globally in 2023. Along with this, the future of motor and transformer design in EVs rests on electrical steel, a material renowned for its impressive magnetic qualities and high electrical resistivity. Meanwhile, the accelerated development of EV technology has aligned with growing investment in charging infrastructure to drive up demand for top-grade electrical steel even higher. As a result, this trend aids in developing the market globally as the automotive sector is a huge consumer of electrical steel, thereby fostering the electrical steel market demand.

Advancements in Power Infrastructure

The market for electrical steel is also majorly driven by the increased installation and up-gradation of power infrastructure. Additionally, electrical steel helps build transformers, inductors, and the key parts of the power grid that enable effective energy transmission and distribution. Investments are being made across the globe as countries update their power grids to handle more renewable energy, to keep up with the demand for electrical steel. The global renewable energy market size reached USD 960.9 Billion in 2024. Therefore, this is powered by the infrastructure development needed to supply increasing energy demands and sustainability goals. Moreover, increased grid reliability and the adoption of smart grid technologies are also driving the growing reliance on electrical steel.

Renewable Energy Expansion

The electrical steel market size is also being affected due to the rising trend of using renewable energy sources with a shift from coal, oil, and gas towards wind and solar power. Some of the most important systems used to generate renewable electricity provide peak efficiency if they incorporate electrical steel in the production generators and transformers to convert and dispose of renewable energy. According to the World Economic Forum, the global renewable capacity increased by over 50% in 2023 compared to 2022. In addition, increasing government initiatives and incentives for green energy technology adoption, coupled with continuous technological upgrades in renewable energy systems including solar, e-v charging stations, wind, and others are generating more demand for electrical steel. The global demand for Asia Pacific high-performance electrical steel is also increasing as countries worldwide are working to reduce carbon footprints and adopt cleaner energy sources, creating an opportune landscape for the sales of electrical steel materials, and driving market growth and sustainability efforts worldwide, along with shaping a positive electrical steel market outlook.

Electrical Steel Industry Segmentation:

Analysis by Type:

  • Grain Oriented Electrical Steel
  • Non-Grain Oriented Electrical Steel

Non-grain-oriented electrical steel stand as the largest type in 2024, holding around 73.5% of the market. Non-grain-oriented (NGO) electrical steel holds dominance due to its widespread applications in various industries, especially in the manufacturing of electric motors, generators, and transformers. NGO electrical steel is known for its isotropic magnetic properties, which allow it to give peak performance in rotating machinery regardless of the direction of the magnetic flux, and the automotive industry is a key end-user of this type. Along with this, the growing demand for electric vehicles and the upcoming trends in power generation and distribution are enhancing the utilization of NGO electrical steel. Moreover, the cheaper price of NGO electrical steel when compared to grain-oriented electrical steel makes it a highly major type due to the preferences of manufacturers.

Analysis by Application:

  • Transformers
  • Motors
  • Generators
  • Others

Motors lead the market in 2024. Electric motors are the major application segment in the electrical steel market, which is mainly from the rising needs in the automotive, industrial machinery, and household appliances sectors. One of the major drivers for the increased demand is the growth in the production of electric vehicles (EVs), which require advanced electrical steel to improve the efficiency and performance of motors that power them. Moreover, the growing application of electric motors in manufacturing processes and the emphasis on industrial automation further influence the demand for this segment. Electric steel offers excellent magnetic properties, especially its low energy loss property which increases efficiency. Additionally, it is valuable as it necessitates far fewer components to keep in stock, but the efficiency aspect is key in driving waste and energy costs down, matching the trend across the globe towards sustainability and energy conservation. Amidst the ongoing perpetual technological innovation that teases the limits of motor performance, and efficiency, motor applications are accelerating usage rates in premium electrical steel, accentuating its predominance in the electrical steel domain.

Analysis by End Use Industry:

  • Energy and Power
  • Automobiles
  • Household Appliances
  • Building and Construction
  • Others

Energy and power leads the market with around 36.5% of market share in 2024. Energy and power are the largest end-use industry segments in the electrical steel market, primarily due to the indispensability of electrical steel in power generation, transmission, and distribution. Electrical steel is also used for different parts of the electrical power grid such as transformers and generators, ensuring low energy conversion loss. Furthermore, the increasing global transition to renewable energy, particularly wind and solar power is raising the need for high-efficiency electrical steel, which is a core component of energy-efficient renewable energy systems. Additionally, the modernization and extension of power infrastructure for rising energy demand and grid reliability are fueling this segment's revenues during the forecast period. In confluence with this, initiatives taken by the government and investments made to achieve various energy efficiency and sustainability targets also raise the demand for electrical steel in the energy and power sector. Cumulative emphasis on energy efficiency and the incorporation of sustainable energy generation solutions are propelling the market dominance of high-grade electrical steel in the global steel landscape.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

In 2024, based on the electrical steel market forecast, Asia-Pacific accounted for the largest market share of over 72.8%. The Asia-Pacific (APAC) region is a significant driver of the electrical steel market, with countries like China, Japan, and India leading the way. The region's rapid industrialization and urbanization are key factors; according to the World Bank, East Asia and the Pacific is the world's most rapidly urbanizing region, with an average annual urbanization rate of 3 percent. This growth increases the demand for electrical steel, particularly in power transmission and distribution systems. China's push towards renewable energy, especially in wind power, has further boosted the market, with electrical steel playing a vital role in wind turbine production. The growing adoption of electric vehicles across APAC, fueled by government incentives and rising sustainability awareness, is also driving demand. Moreover, the development of smart grid infrastructure in countries like Japan and South Korea supports the need for high-efficiency electrical steel. With thriving automotive, electronics, and manufacturing sectors, APAC continues to experience substantial demand for electrical steel.

Key Regional Takeaways:

United States Electrical Steel Market Analysis

In 2024, the United States accounted for 75% of the market share in North America. The growing need for energy-efficient solutions and renewable energy systems is propelling the electrical steel market in the United States. A notable factor is the surge in electric vehicle (EV) adoption, with nearly 1.2 million U.S. vehicle buyers opting for EVs in 2023, marking a record high, according to data from Kelley Blue Book, a Cox Automotive company. This transition is driving a considerable increase in the need for electrical steel, a critical material used in the production of high-performance electric motors for these vehicles. Furthermore, the growing construction sector, particularly in urban areas, is increasing the use of electrical steel in transformers and generators. Government initiatives focused on modernizing the power grid infrastructure also play a crucial role in propelling market growth. Additionally, U.S. policies promoting clean energy, such as tax incentives for renewable energy projects, further fuel the demand for electrical steel. Innovations in manufacturing techniques, producing higher-grade steel alloys, are enhancing the performance and efficiency of electrical steel products. As industrial automation and renewable energy projects, including wind turbines, continue to expand, the U.S. electrical steel market is set for a stable expansion.

North America Electrical Steel Market Analysis

North America holds a crucial position for the global electrical steel industry, mainly influenced by a robust focus on energy-saving technologies and its leading-edge manufacturing segment. The region's escalating implementation of renewable energy systems and bolstering ownership of electric vehicles (EVs) has significantly elevated the requirement for electrical steel in applications, majorly including generators, transformers, and motors. For instance, as per industry reports, EV sales in the U.S. are anticipated to grow substantially in 2025, with an estimated 10% of new vehicle sales being electric. It is projected that 1 out of every 4 vehicles sold in 2025 will be electric. In addition to this, the United States, as the leading contributor in the region, intensely profits from heavy investments in grid stability and infrastructure modernization. Besides this, the establishment of major industry players and emendation of stricter energy efficiency policies further boost expand electrical steel market share in this region. Moreover, rising industrialization, together with innovations in electrical steel manufacturing methodologies, guarantees North America remains a key driver of this evolving market.

Europe Electrical Steel Market Analysis

The European electrical steel market is experiencing significant growth, driven by a combination of energy efficiency regulations, rising electric vehicle (EV) adoption, and investments in renewable energy infrastructure. As reported by the International Energy Agency (IEA), Europe saw nearly 3.2 million new electric vehicle registrations in 2023, reflecting a growth of close to 20% compared to the previous year. In the European Union, sales amounted to 2.4 Million, with similar growth rates. This surge in EV demand is directly impacting the electrical steel market, as electrical steel is essential in the production of high-efficiency electric motors and batteries for these vehicles. Additionally, Europe's commitment to sustainability, reflected in policies such as the European Green Deal, continues to drive investments in renewable energy, including wind and solar power. These developments are increasing the need for electrical steel, particularly in the manufacturing of transformers, generators, and other energy-efficient components. The increasing adoption of smart grids and energy storage technologies is driving the need for sophisticated electrical steel products. Europe's strong manufacturing base, coupled with technological advancements and supportive government policies, ensures a favorable environment for the electrical steel market. As the region accelerates its transition to green energy and electric mobility, the demand for electrical steel is expected to continue growing.

Latin America Electrical Steel Market Analysis

In Latin America, the electrical steel market is driven by industrial growth, infrastructure development, and a shift towards renewable energy. According to reports, Latin American steel consumption reached 67.8 Million Tons in 2022, highlighting the region's expanding manufacturing capacity. Countries like Brazil and Mexico are investing heavily in modernizing power grids and boosting energy efficiency, which increases the demand for electrical steel in transformers and generators. The automotive industry's focus on electric vehicles also contributes to market growth. Government initiatives to promote renewable energy projects, such as wind and solar power, are further strengthening the demand for electrical steel in the region.

Middle East and Africa Electrical Steel Market Analysis

In the Middle East, the electrical steel market is experiencing growth driven by rapid infrastructure development, particularly in energy and construction. Saudi Arabia, for instance, saw its steel market valued at USD 8.7 Billion in 2024, reflecting increased demand for steel in the region's growing industrial base. The expansion of power generation and distribution capacities is boosting the need for electrical steel, especially in transformers and energy-efficient applications. Additionally, investments in renewable energy projects, particularly wind and solar power in the Middle East, are further fueling the demand for electrical steel, supporting long-term market prospects.

Competitive Landscape:

The market is exhibited by extensive competition among major players, propelled by magnifying requirement across both automotive and industrial segments and technological innovations. Leading manufacturers are currently gravitating on tactical collaborations, product enhancements, and capacity proliferation, to fortify their market foothold. For instance, in December 2024, Tata Steel announced a strategic partnership with JCB for the supply of green steel, highlighting a critical move in both firms' decarbonization initiatives. This collaboration facilitates JCB will be supplied with low carbon steel from Tata, with a joint investment of EUR 1.25 billion. This agreement also encompasses development of a new electric arc furnace to lower emissions. In addition, the utilization of innovative production methods, encompassing annealing processes and precision rolling, improves product efficacy and quality, offering firms a competitive edge. Furthermore, regional players also play a critical role, adhering to localized needs and facilitating competition. Moreover, strict regulatory needs for energy-efficient materials and the accelerating requirement for electrical steel in EVs and renewable energy framework further bolster the competitive ecosystem within this revolutionizing industry.

The report provides a comprehensive analysis of the competitive landscape in the electrical steel market with detailed profiles of all major companies, including:

  • Aperam
  • ArcelorMittal
  • Baoshan Iron & Steel Co. Ltd. (China Baowu Steel Group Corp. Ltd.)
  • China Steel Corporation
  • JFE Holdings Inc.
  • JSW Steel Ltd.
  • Nippon Steel Corporation
  • POSCO
  • SIJ - Slovenian Steel Group d. d.
  • Steel Authority of India Limited
  • Sumitomo Corporation
  • Tata Steel Limited
  • ThyssenKrupp AG
  • United States Steel Corporation
  • Voestalpine AG

Key Questions Answered in This Report

  • 1.How big is the electrical steel market?
  • 2.What is the future outlook of electrical steel market?
  • 3.What are the major industry drivers?
  • 4.Which region accounts for the largest electrical steel market share?
  • 5.Which are the leading companies in the global electrical steel market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Electrical Steel Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Grain Oriented Electrical Steel
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Non-Grain Oriented Electrical Steel
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Transformers
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Motors
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Generators
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Energy and Power
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Automobiles
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Household Appliances
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Building and Construction
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Aperam
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
    • 14.3.2 ArcelorMittal
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Baoshan Iron & Steel Co. Ltd. (China Baowu Steel Group Corp. Ltd.)
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
    • 14.3.4 China Steel Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
    • 14.3.5 JFE Holdings Inc.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 JSW Steel Ltd.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Nippon Steel Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 POSCO
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 SIJ - Slovenian Steel Group d. d.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Steel Authority of India Limited
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Sumitomo Corporation
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Tata Steel Limited
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 ThyssenKrupp AG
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis
    • 14.3.14 United States Steel Corporation
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 Voestalpine AG
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Electrical Steel Market: Major Drivers and Challenges
  • Figure 2: Global: Electrical Steel Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Electrical Steel Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 4: Global: Electrical Steel Market: Breakup by Type (in %), 2024
  • Figure 5: Global: Electrical Steel Market: Breakup by Application (in %), 2024
  • Figure 6: Global: Electrical Steel Market: Breakup by End Use Industry (in %), 2024
  • Figure 7: Global: Electrical Steel Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Electrical Steel (Grain Oriented Electrical Steel) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 9: Global: Electrical Steel (Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 10: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 11: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 12: Global: Electrical Steel (Transformers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 13: Global: Electrical Steel (Transformers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 14: Global: Electrical Steel (Motors) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 15: Global: Electrical Steel (Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 16: Global: Electrical Steel (Generators) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 17: Global: Electrical Steel (Generators) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 18: Global: Electrical Steel (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 19: Global: Electrical Steel (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 20: Global: Electrical Steel (Energy and Power) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 21: Global: Electrical Steel (Energy and Power) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 22: Global: Electrical Steel (Automobiles) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 23: Global: Electrical Steel (Automobiles) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 24: Global: Electrical Steel (Household Appliances) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 25: Global: Electrical Steel (Household Appliances) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 26: Global: Electrical Steel (Building and Construction) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 27: Global: Electrical Steel (Building and Construction) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 28: Global: Electrical Steel (Other End Use Industries) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 29: Global: Electrical Steel (Other End Use Industries) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 30: North America: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 31: North America: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 32: United States: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 33: United States: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 34: Canada: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 35: Canada: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 36: Asia-Pacific: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 37: Asia-Pacific: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 38: China: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 39: China: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 40: Japan: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 41: Japan: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 42: India: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 43: India: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 44: South Korea: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 45: South Korea: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 46: Australia: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 47: Australia: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 48: Indonesia: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 49: Indonesia: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 50: Others: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 51: Others: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 52: Europe: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 53: Europe: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 54: Germany: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 55: Germany: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 56: France: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 57: France: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 58: United Kingdom: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 59: United Kingdom: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 60: Italy: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 61: Italy: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 62: Spain: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 63: Spain: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 64: Russia: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 65: Russia: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 66: Others: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 67: Others: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 68: Latin America: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 69: Latin America: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 70: Brazil: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 71: Brazil: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 72: Mexico: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 73: Mexico: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 74: Others: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 75: Others: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 76: Middle East and Africa: Electrical Steel Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 77: Middle East and Africa: Electrical Steel Market: Breakup by Country (in %), 2024
  • Figure 78: Middle East and Africa: Electrical Steel Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 79: Global: Electrical Steel Industry: SWOT Analysis
  • Figure 80: Global: Electrical Steel Industry: Value Chain Analysis
  • Figure 81: Global: Electrical Steel Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Electrical Steel Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Electrical Steel Market Forecast: Breakup by Type (in Million USD), 2025-2033
  • Table 3: Global: Electrical Steel Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 4: Global: Electrical Steel Market Forecast: Breakup by End Use Industry (in Million USD), 2025-2033
  • Table 5: Global: Electrical Steel Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 6: Global: Electrical Steel Market: Competitive Structure
  • Table 7: Global: Electrical Steel Market: Key Players