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Global Electrical Steels Market Research Report 2024
Synopsis
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
The global Electrical Steels market was valued at US$ 26130 million in 2023 and is anticipated to reach US$ 30490 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.
China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.
This report aims to provide a comprehensive presentation of the global market for Electrical Steels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Steels.
Report Scope
The Electrical Steels market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Steels market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Steels manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu Group
AK Steel
Ansteel
ArcelorMittal
Benxi Iron & Steel (Group)
CSC
JFE Steel
Nippon Steel Corporation
NLMK Group
Posco
Shougang Group
Stalprodukt S.A.
TATA Steel
ThyssenKrupp
TISCO
Voestalpine
Masteel
APERAM
Nucor
ATI Metals
Segment by Type
Oriented Electrical Steels
Non-Oriented Electrical Steels
Segment by Application
Transformer
Power Generator
Electric Motor
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
South America
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrical Steels manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrical Steels by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrical Steels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
The global Electrical Steels market was valued at US$ 26130 million in 2023 and is anticipated to reach US$ 30490 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.
China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.
This report aims to provide a comprehensive presentation of the global market for Electrical Steels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Steels.
Report Scope
The Electrical Steels market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Steels market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Steels manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu Group
AK Steel
Ansteel
ArcelorMittal
Benxi Iron & Steel (Group)
CSC
JFE Steel
Nippon Steel Corporation
NLMK Group
Posco
Shougang Group
Stalprodukt S.A.
TATA Steel
ThyssenKrupp
TISCO
Voestalpine
Masteel
APERAM
Nucor
ATI Metals
Segment by Type
Oriented Electrical Steels
Non-Oriented Electrical Steels
Segment by Application
Transformer
Power Generator
Electric Motor
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
South America
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrical Steels manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrical Steels by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrical Steels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Electrical Steels Market Overview
1.1 Product Definition
1.2 Electrical Steels Segment by Type
1.2.1 Global Electrical Steels Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Oriented Electrical Steels
1.2.3 Non-Oriented Electrical Steels
1.3 Electrical Steels Segment by Application
1.3.1 Global Electrical Steels Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Transformer
1.3.3 Power Generator
1.3.4 Electric Motor
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Electrical Steels Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electrical Steels Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electrical Steels Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electrical Steels Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electrical Steels Production Market Share by Manufacturers (2019-2024)
2.2 Global Electrical Steels Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electrical Steels, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electrical Steels Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electrical Steels Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electrical Steels, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electrical Steels, Product Offered and Application
2.8 Global Key Manufacturers of Electrical Steels, Date of Enter into This Industry
2.9 Electrical Steels Market Competitive Situation and Trends
2.9.1 Electrical Steels Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electrical Steels Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electrical Steels Production by Region
3.1 Global Electrical Steels Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electrical Steels Production Value by Region (2019-2030)
3.2.1 Global Electrical Steels Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electrical Steels by Region (2025-2030)
3.3 Global Electrical Steels Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electrical Steels Production by Region (2019-2030)
3.4.1 Global Electrical Steels Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electrical Steels by Region (2025-2030)
3.5 Global Electrical Steels Market Price Analysis by Region (2019-2024)
3.6 Global Electrical Steels Production and Value, Year-over-Year Growth
3.6.1 North America Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.7 South America Electrical Steels Production Value Estimates and Forecasts (2019-2030)
3.6.8 China Taiwan Electrical Steels Production Value Estimates and Forecasts (2019-2030)
4 Electrical Steels Consumption by Region
4.1 Global Electrical Steels Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electrical Steels Consumption by Region (2019-2030)
4.2.1 Global Electrical Steels Consumption by Region (2019-2024)
4.2.2 Global Electrical Steels Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electrical Steels Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electrical Steels Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electrical Steels Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electrical Steels Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electrical Steels Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electrical Steels Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electrical Steels Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electrical Steels Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electrical Steels Production by Type (2019-2030)
5.1.1 Global Electrical Steels Production by Type (2019-2024)
5.1.2 Global Electrical Steels Production by Type (2025-2030)
5.1.3 Global Electrical Steels Production Market Share by Type (2019-2030)
5.2 Global Electrical Steels Production Value by Type (2019-2030)
5.2.1 Global Electrical Steels Production Value by Type (2019-2024)
5.2.2 Global Electrical Steels Production Value by Type (2025-2030)
5.2.3 Global Electrical Steels Production Value Market Share by Type (2019-2030)
5.3 Global Electrical Steels Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electrical Steels Production by Application (2019-2030)
6.1.1 Global Electrical Steels Production by Application (2019-2024)
6.1.2 Global Electrical Steels Production by Application (2025-2030)
6.1.3 Global Electrical Steels Production Market Share by Application (2019-2030)
6.2 Global Electrical Steels Production Value by Application (2019-2030)
6.2.1 Global Electrical Steels Production Value by Application (2019-2024)
6.2.2 Global Electrical Steels Production Value by Application (2025-2030)
6.2.3 Global Electrical Steels Production Value Market Share by Application (2019-2030)
6.3 Global Electrical Steels Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Baowu Group
7.1.1 Baowu Group Electrical Steels Corporation Information
7.1.2 Baowu Group Electrical Steels Product Portfolio
7.1.3 Baowu Group Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Baowu Group Main Business and Markets Served
7.1.5 Baowu Group Recent Developments/Updates
7.2 AK Steel
7.2.1 AK Steel Electrical Steels Corporation Information
7.2.2 AK Steel Electrical Steels Product Portfolio
7.2.3 AK Steel Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.2.4 AK Steel Main Business and Markets Served
7.2.5 AK Steel Recent Developments/Updates
7.3 Ansteel
7.3.1 Ansteel Electrical Steels Corporation Information
7.3.2 Ansteel Electrical Steels Product Portfolio
7.3.3 Ansteel Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Ansteel Main Business and Markets Served
7.3.5 Ansteel Recent Developments/Updates
7.4 ArcelorMittal
7.4.1 ArcelorMittal Electrical Steels Corporation Information
7.4.2 ArcelorMittal Electrical Steels Product Portfolio
7.4.3 ArcelorMittal Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ArcelorMittal Main Business and Markets Served
7.4.5 ArcelorMittal Recent Developments/Updates
7.5 Benxi Iron & Steel (Group)
7.5.1 Benxi Iron & Steel (Group) Electrical Steels Corporation Information
7.5.2 Benxi Iron & Steel (Group) Electrical Steels Product Portfolio
7.5.3 Benxi Iron & Steel (Group) Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Benxi Iron & Steel (Group) Main Business and Markets Served
7.5.5 Benxi Iron & Steel (Group) Recent Developments/Updates
7.6 CSC
7.6.1 CSC Electrical Steels Corporation Information
7.6.2 CSC Electrical Steels Product Portfolio
7.6.3 CSC Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.6.4 CSC Main Business and Markets Served
7.6.5 CSC Recent Developments/Updates
7.7 JFE Steel
7.7.1 JFE Steel Electrical Steels Corporation Information
7.7.2 JFE Steel Electrical Steels Product Portfolio
7.7.3 JFE Steel Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.7.4 JFE Steel Main Business and Markets Served
7.7.5 JFE Steel Recent Developments/Updates
7.8 Nippon Steel Corporation
7.8.1 Nippon Steel Corporation Electrical Steels Corporation Information
7.8.2 Nippon Steel Corporation Electrical Steels Product Portfolio
7.8.3 Nippon Steel Corporation Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Nippon Steel Corporation Main Business and Markets Served
7.7.5 Nippon Steel Corporation Recent Developments/Updates
7.9 NLMK Group
7.9.1 NLMK Group Electrical Steels Corporation Information
7.9.2 NLMK Group Electrical Steels Product Portfolio
7.9.3 NLMK Group Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.9.4 NLMK Group Main Business and Markets Served
7.9.5 NLMK Group Recent Developments/Updates
7.10 Posco
7.10.1 Posco Electrical Steels Corporation Information
7.10.2 Posco Electrical Steels Product Portfolio
7.10.3 Posco Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Posco Main Business and Markets Served
7.10.5 Posco Recent Developments/Updates
7.11 Shougang Group
7.11.1 Shougang Group Electrical Steels Corporation Information
7.11.2 Shougang Group Electrical Steels Product Portfolio
7.11.3 Shougang Group Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Shougang Group Main Business and Markets Served
7.11.5 Shougang Group Recent Developments/Updates
7.12 Stalprodukt S.A.
7.12.1 Stalprodukt S.A. Electrical Steels Corporation Information
7.12.2 Stalprodukt S.A. Electrical Steels Product Portfolio
7.12.3 Stalprodukt S.A. Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Stalprodukt S.A. Main Business and Markets Served
7.12.5 Stalprodukt S.A. Recent Developments/Updates
7.13 TATA Steel
7.13.1 TATA Steel Electrical Steels Corporation Information
7.13.2 TATA Steel Electrical Steels Product Portfolio
7.13.3 TATA Steel Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.13.4 TATA Steel Main Business and Markets Served
7.13.5 TATA Steel Recent Developments/Updates
7.14 ThyssenKrupp
7.14.1 ThyssenKrupp Electrical Steels Corporation Information
7.14.2 ThyssenKrupp Electrical Steels Product Portfolio
7.14.3 ThyssenKrupp Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.14.4 ThyssenKrupp Main Business and Markets Served
7.14.5 ThyssenKrupp Recent Developments/Updates
7.15 TISCO
7.15.1 TISCO Electrical Steels Corporation Information
7.15.2 TISCO Electrical Steels Product Portfolio
7.15.3 TISCO Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.15.4 TISCO Main Business and Markets Served
7.15.5 TISCO Recent Developments/Updates
7.16 Voestalpine
7.16.1 Voestalpine Electrical Steels Corporation Information
7.16.2 Voestalpine Electrical Steels Product Portfolio
7.16.3 Voestalpine Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Voestalpine Main Business and Markets Served
7.16.5 Voestalpine Recent Developments/Updates
7.17 Masteel
7.17.1 Masteel Electrical Steels Corporation Information
7.17.2 Masteel Electrical Steels Product Portfolio
7.17.3 Masteel Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Masteel Main Business and Markets Served
7.17.5 Masteel Recent Developments/Updates
7.18 APERAM
7.18.1 APERAM Electrical Steels Corporation Information
7.18.2 APERAM Electrical Steels Product Portfolio
7.18.3 APERAM Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.18.4 APERAM Main Business and Markets Served
7.18.5 APERAM Recent Developments/Updates
7.19 Nucor
7.19.1 Nucor Electrical Steels Corporation Information
7.19.2 Nucor Electrical Steels Product Portfolio
7.19.3 Nucor Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Nucor Main Business and Markets Served
7.19.5 Nucor Recent Developments/Updates
7.20 ATI Metals
7.20.1 ATI Metals Electrical Steels Corporation Information
7.20.2 ATI Metals Electrical Steels Product Portfolio
7.20.3 ATI Metals Electrical Steels Production, Value, Price and Gross Margin (2019-2024)
7.20.4 ATI Metals Main Business and Markets Served
7.20.5 ATI Metals Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electrical Steels Industry Chain Analysis
8.2 Electrical Steels Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electrical Steels Production Mode & Process
8.4 Electrical Steels Sales and Marketing
8.4.1 Electrical Steels Sales Channels
8.4.2 Electrical Steels Distributors
8.5 Electrical Steels Customers
9 Electrical Steels Market Dynamics
9.1 Electrical Steels Industry Trends
9.2 Electrical Steels Market Drivers
9.3 Electrical Steels Market Challenges
9.4 Electrical Steels Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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