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Electrical Steel Market

Market Insights on Electrical Steel covering sales outlook, demand forecast & up-to-date key trends

Electrical Steel Market By Product Type (Grain-Oriented Electrical Steel, Non-Grain Oriented Electrical Steel), Application (Inductors, Motors, Transformers), End Use (Automobile, Manufacturing, Energy) & Region - Forecast to 2021- 2031

Electrical Steel Market Snapshot

The electrical steel market is expected to register year-on-year growth at 5.3% in 2021, with the overall valuation forecast to reach US$ 37.5 Bn. A Future Market Insights (FMI) analysis estimates electrical steel sales to increase at 6.5% CAGR between 2021 and 2031. According to the study, the overall electrical steel market is expected to reach US$ 70.5 Bn by 2031.

While   non-grain oriented electrical steel is expected to remain dominant, grain oriented electrical steel demand will surge at a higher pace, exhibiting growth at 5.7% CAGR in 2021.

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Key Points Covered in Electrical Steel Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Electrical Steel Market and How to Navigate
  • Recommendation on Key Winning Strategies

Electrical Steel Market Download Report Brochure

2016-2020 Electrical Steel Market Outlook Compared to 2021-2031 Forecast

Revenue generated in the energy segment of the electrical steel market grew at a strong pace in 2021. Demand increased by 6% between 2020 and 2021, enabling electrical steel markets to register year-over-year growth of over 5% in 2021, as per FMI analysis.

Growth can be attributed to the increase of power generation and transmission projects across the globe. The demand for electrical steel has increased consistently and surprisingly for diverse applications across end-use industries.

Key factors fuelling the demand for electrical steel include initiatives undertaken for enhancing power distribution centers in developing nations. Leading steel manufacturing companies are focusing on expanding their production and distribution capacities in various countries. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.

The automobile segment is among the leading end-use industries influencing demand for electrical steel. In addition, the expansion of the global electric vehicle market is expected to fuel the demand for effective EV materials.

China has emerged as a highly lucrative market for the production and export of electrical steel. This can be attributed to increasing demand from the country’s manufacturing and automotive sector, coupled with the adoption of the advanced technology and higher production capacity.

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Will COVID-19 Crisis Hamper Electrical Steel Market Growth Outlook?

Lockdown restrictions have negatively impacted the global electrical steel market. Limited production and transportation delays have created obstacles amid the pandemic. With the consecutive waves of the novel coronavirus tightening its noose on the global economy, production and distribution has been delayed.

Nonetheless, several end use industries such as automobile, energy, and construction have been adversely impacted. Additionally, increase in energy demand has resulted in higher adoption rates for transformers, generators, and installations for uninterrupted power supply across healthcare institutions.

Despite the difficult situation, economies are steadily recovering in 2021. Company activities have begun to recover at a steady pace as supply and distribution networks improve. Against this backdrop, the pandemic is unlikely to have a long-term effect on the electrical steel market.

Country-wise Insights

How is the Electrical Steel Market Set to Fare in China?

East Asia is predicted to remain one of the most attractive markets for electric steel during the forecast period, according to Future Market Insights. According to the study, China is expected to account for over 52% of the East Asia market through 2031.

China has built up a massive production capacity for iron and steel and the country is the largest steel producer worldwide with a crude steel production volume of nearly 1,064.8 million metric tons in 2020.

Furthermore, China remains one of the world's largest markets for the steel industry, making it a lucrative market for electrical steel manufacturers. Aside from this, rapid modernisation of its economy, and investments into construction, infrastructure, and manufacturing industries will drive growth in the market.

Why is Demand for Electrical Steel Increasing in the U.S.?

Demand in the U.S. market is expected to rise at nearly 5% CAGR over the forecast period. The U.S. has emerged as a leading player in the steel market in terms of production and consumption by various end-use industries in numerous applications.

The U.S. is recognized as a primary market for automobiles, energy, and construction industries and it is expected to continue exhibiting high demand for electrical steel through the forecast period.

Moreover, technological advancement through the 21st century has led to increased production capacity, and both domestic and international demand. Research and development activities, the presence of several major players, and increasing production capacities are creating attractive opportunities for electrical steel market in the country.

What’s Driving Sales in Japan?

Japan is one of the key manufacturers of steel and electrical steel. By 2031, it is expected to account for over 35% of electrical steel sales within East Asia.

In recent years, improved designs in the Japanese automobile industry to minimize maintenance, has been driven by significant sales of electrical steel in the country. Japan also has numerous small- and large-scale manufacturers, for sales across the globe making the country a leading market for electrical steel.

Moreover, in Japan, there are many end use markets for electrical steel. End use industries such as automobile, energy, and construction are always on the rise in Japan. Other end use industries such as manufacturing and fabrication industries are lucrative markets that have shown great demand for electrical steel, and will continue to do so in the coming years.

How are Government Initiatives Boosting Electrical Steel Sales in India?

In 2021, India will account for over 44% sales in the South Asia and Pacific region. Government initiatives undertaken to provide rural and urban electrification across the country with quality and affordable energy generation and distribution networks are anticipated to supplement the development of India's energy sector.

In addition, India is additionally considered as one of the top countries in steel production and consumption in the region, with a rising requirement for electrical steel for numerous end-use applications around the country.

Rising demand for automobiles aided by the increasing in population, lifestyle changes, and emergence of new product variants are also driving interest, supporting long term growth prospects.

Also, Indian producers are expecting to extend their business through consolidation, collaborations, and acquisitions with different organizations.

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Category-wise Insights

Why is the Demand for Grain-Oriented Steel getting Stronger?

Based on electrical steel products, grain-oriented electrical steel holds the lead, accounting for nearly 51% of the market in 2021. Availability of grain-oriented electrical steel for applications in energy efficient transformers and large high-performance generators has been creating attractive growth prospects.

Grain-oriented electrical steel is expected to remain the top choice for many end use industries, owing to requirements of performance efficiency and cost-effective solutions to reduce the risk of power fluctuations and failures.

Which Application Accounts for Higher Sales of Electrical Steel?

Transformers are estimated to hold the largest revenue share of more than 45% in 2021 owing to rising investments in electrical infrastructure in urban areas, which is critical in transferring electrical energy from one electrical circuit to another.

Rise in the high-performance efficiency of transformers around the world, is expected to support the interest for electrical steel, during the forecast years, to meet energy transmission requirements.

Will the Energy Segment Continue Dominating Electrical Steel Market?

The energy segment is expected to contribute maximum revenue share of more than 33% in in 2021 owing to the rising number of applications and the repetitive use of transformers, motors, and generators, across the globe for uninterrupted energy demand.

Advancement in energy sector approaches in different nations like the U.S., U.K., and others has brought about improved cost-effectiveness for energy efficiency in transformers and generators.  

Competitive Landscape

Companies operating in the electrical steel market are aiming for strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity to address the growing demand of an expanding consumer pool.

  • For instance, In May 2021, JFE Steel Corporation signed a memorandum of understanding to conduct a feasibility study with JSW Steel Limited (JSW) to establish a grain oriented electrical steel sheet manufacturing and sales joint-venture company in india.

Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.

  • For instance, In November 2020, Nippon Steel announced plans to invest nearly US $1 billion to expand its electrical steel sheet facilities at two plants in Japan. This series of measures to improve capacity and quality will take full effect during the first half of 2023, with manufacturing capacity expected to increase by approximately 40%.
  • In March 2021, ArcelorMittal invested €13 million in its plant in Saint Chély d’Apcher, France, which specializes in iCARe electrical steels for the automotive sector. The investment means the plant will be able to produce cutting-edge non grain-oriented (NO) iCARe electrical steel grades, through production upgrades to meet the requirements of the electro mobility market.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, and South Africa

Key Segments Covered

Product type, Application, End Use and Region

Key Companies Profiled

  • Novolipetsk Steel
  • Voestalpine Stahl GmbH
  • POSCO
  • Nippon Steel & Sumitomo Metal Corporation
  • ThyssenKrupp AG
  • JFE Steel Corporation
  • Cogent Power
  • ArcelorMittal SA
  • Aperam SA
  • Baosteel Group
  • AK Steel Holding Corp
  • Allegheny Technologies, Inc.
  • Phoenix Mecano AG
  • Leicong Industrial Co., Ltd.
  • Nicore Electrical Manufactory Co., LTD.
  • Steel Authority of India Limited

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Electrical Steel Market by Category

By Product Type:

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

By Application:

  • Inductors
  • Motors
    • 1hp - 100hp
    • 101hp - 200hp
    • 201hp - 500hp
    • 501hp - 1000hp
    • Above 1000hp
  • Transformers
    • Transmission
    • Portable
    • Distribution

By End Use:

  • Automobile
  • Manufacturing
  • Energy
  • Household Appliance
  • Others (Construction, Fabrication)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

The electrical steel market is expected to surpass a valuation of US$ 37.5 Bn by 2021.

The electrical steel market exhibited steady YoY growth of 1.40% in the last five years from 2016 to 2020.

The electrical steel market will register a gradual rise in demand after a period of decelerating sales amid COVID-19 in 2020. As per FMI, the market will register a CAGR of 6.5% between 2021 and 2031.

Leading electrical steel manufacturers are bolstering production of grain-oriented offerings. Also, there is increasing focus on cost and resource efficiency in production technologies for the industry.

Increasing investments in electrical infrastructure and growing manufacturing activities in emerging economies are important factors boosting electrical steel sales.

North America will remain the fourth-leading market for electrical steel, accounting for nearly 11.6% of sales in 2021, globally.

The top five companies operating in the electrical steel market are Nippon Steel and Sumitomo Corporation, POSCO, JFE Steel Corporation, ArcelorMittal and Baosteel Group. These companies will cover over 40% of the overall market in 2021.

FMI has forecast the Europe electrical steel market to exhibit a CAGR of 5.9% between 2021 and 2031.

Canada, China, Russia, India, and South Korea are among leading markets for electrical steel, exhibiting consistently high demand.

As per FMI, the Japan electrical steel market is expected to rise at 6.3% CAGR between 2021 and 2031 reaching 35.6% of the East Asia market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

5. Global Electrical Steel Market Demand Analysis 2016-2020 and Forecast, 2021-2031

    5.1. Historical Market Volume (K Tonnes) Analysis, 2016-2020

    5.2. Current and Future Market Volume (K Tonnes) Projections, 2021-2031

    5.3. Y-o-Y Growth Trend Analysis

6. Global Electrical Steel Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Electrical Steel Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

    7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

    8.3. Value Chain

    8.4. List of Market Participants

        8.4.1. Manufacturers

        8.4.2. Suppliers/Distributors

        8.4.3. Manufacturers Supply Chain 

    8.5. COVID-19 Impact

        8.5.1. Current Statistics

        8.5.2. Potential of Impact

        8.5.3. Recovery Scenarios

    8.6. Market Dynamics

        8.6.1. Drivers

        8.6.2. Restraints

        8.6.3. Opportunity Analysis

9. Global Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031, by Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2016-2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2021-2031

        9.3.1. Grain-Oriented Electrical Steel 

        9.3.2. Non-Grain Oriented Electrical Steel 

            9.3.2.1. Fully-Processed 

            9.3.2.2. Semi-Processed

    9.4. Market Attractiveness Analysis By Product Type

10. Global Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2016-2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021-2031

        10.3.1. Inductors 

        10.3.2. Motors

            10.3.2.1. 1hp - 100hp 

            10.3.2.2. 101hp - 200hp 

            10.3.2.3. 201hp - 500hp 

            10.3.2.4. 501hp - 1000hp 

            10.3.2.5. Above 1000hp

        10.3.3. Transformers

            10.3.3.1. Transmission 

            10.3.3.2. Portable 

            10.3.3.3. Distribution

    10.4. Market Attractiveness Analysis By Application 

11. Global Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031, by End Use 

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2016-2020

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2021-2031

        11.3.1. Automobile 

        11.3.2. Manufacturing 

        11.3.3. Energy 

        11.3.4. Household Appliance 

        11.3.5. Others (Construction, Fabrication)

    11.4. Market Attractiveness Analysis By End Use

12. Global Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016-2020

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021-2031

        12.3.1. North America 

        12.3.2. Latin America 

        12.3.3. Europe

        12.3.4. South Asia & Pacific

        12.3.5. East Asia

        12.3.6. MEA 

    12.4. Market Attractiveness Analysis By Region

13. North America  Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        13.4.1. By Country

            13.4.1.1. USA

            13.4.1.2. Canada

        13.4.2. By Product Type

        13.4.3. By Application

        13.4.4. By End Use 

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Application

        13.5.4. By End Use 

    13.6. Market Structure Analysis

14. Latin America Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Product Type

        14.4.3. By Application

        14.4.4. By End Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Application

        14.5.4. By End Use

    14.6. Market Structure Analysis

15. Europe Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. U.K.

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Russia

            15.4.1.8. Rest of Europe

        15.4.2. By Product Type

        15.4.3. By Application

        15.4.4. By End Use 

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type 

        15.5.3. By Application

        15.5.4. By End Use 

    15.6. Market Structure Analysis

16. South Asia & Pacific Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        16.4.1. By Country

            16.4.1.1. India

            16.4.1.2. ASEAN

            16.4.1.3. ANZ

            16.4.1.4. Rest of SAP

        16.4.2. By Product Type

        16.4.3. By Application

        16.4.4. By End Use 

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Application

        16.5.4. By End Use 

    16.6. Market Structure Analysis

17. East Asia Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        17.4.1. By Country

            17.4.1.1. China

            17.4.1.2. Japan

            17.4.1.3. South Korea

        17.4.2. By Product Type

        17.4.3. By Application

        17.4.4. By End Use 

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Application

        17.5.4. By End Use 

    17.6. Market Structure Analysis

18. Middle East & Africa Electrical Steel Market Analysis 2016-2020 and Forecast 2021-2031

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. Turkey

            18.4.1.3. South Africa

        18.4.2. By Product Type

        18.4.3. By Application

        18.4.4. By End Use 

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product Type

        18.5.3. By Application

        18.5.4. By End Use 

    18.6. Market Structure Analysis

19. Key and Emerging Countries for Electrical Steel Market Analysis 

    19.1. USA Electrical Steel Market Analysis

        19.1.1. By Product Type

        19.1.2. By End Use 

        19.1.3. By Application

    19.2. Canada Electrical Steel Market Analysis

        19.2.1. By Product Type

        19.2.2. By End Use 

        19.2.3. By Application

    19.3. Mexico Electrical Steel Market Analysis

        19.3.1. By Product Type

        19.3.2. By End Use 

        19.3.3. By Application

    19.4. Brazil Electrical Steel Market Analysis

        19.4.1. By Product Type

        19.4.2. By End Use 

        19.4.3. By Application

    19.5. Germany Electrical Steel Market Analysis

        19.5.1. By Product Type

        19.5.2. By End Use 

        19.5.3. By Application

    19.6. Italy Electrical Steel Market Analysis

        19.6.1. By Product Type

        19.6.2. By End Use 

        19.6.3. By Application

    19.7. France Electrical Steel Market Analysis

        19.7.1. By Product Type

        19.7.2. By End Use 

        19.7.3. By Application

    19.8. U.K. Electrical Steel Market Analysis

        19.8.1. By Product Type

        19.8.2. By End Use 

        19.8.3. By Application

    19.9. Spain Electrical Steel Market Analysis

        19.9.1. By Product Type

        19.9.2. By End Use 

        19.9.3. By Application

    19.10. BENELUX Electrical Steel Market Analysis

        19.10.1. By Product Type

        19.10.2. By End Use 

        19.10.3. By Application

    19.11. Russia Electrical Steel Market Analysis

        19.11.1. By Product Type

        19.11.2. By End Use 

        19.11.3. By Application

    19.12. India Electrical Steel Market Analysis

        19.12.1. By Product Type

        19.12.2. By End Use 

        19.12.3. By Application

    19.13. ASEAN Electrical Steel Market Analysis

        19.13.1. By Product Type

        19.13.2. By End Use 

        19.13.3. By Application

    19.14. ANZ Electrical Steel Market Analysis

        19.14.1. By Product Type

        19.14.2. By End Use 

        19.14.3. By Application

    19.15. China Electrical Steel Market Analysis

        19.15.1. By Product Type

        19.15.2. By End Use 

        19.15.3. By Application

    19.16. Japan Electrical Steel Market Analysis

        19.16.1. By Product Type

        19.16.2. By End Use 

        19.16.3. By Application

    19.17. South Korea Electrical Steel Market Analysis

        19.17.1. By Product Type

        19.17.2. By End Use 

        19.17.3. By Application

    19.18. GCC Countries Electrical Steel Market Analysis

        19.18.1. By Product Type

        19.18.2. By End Use 

        19.18.3. By Application

    19.19. South Africa Electrical Steel Market Analysis

        19.19.1. By Product Type

        19.19.2. By End Use 

        19.19.3. By Application

    19.20. Turkey Electrical Steel Market Analysis

        19.20.1. By Product Type

        19.20.2. By End Use 

        19.20.3. By Application

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies (Electrical Steel)

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Market Presence Analysis

        20.4.1. By Regional footprint of Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive 

        21.3.1. Novolipetsk Steel

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Sales Footprint

            21.3.1.4. Strategy Overview

        21.3.2. Actuant Corporation

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Sales Footprint

            21.3.2.4. Strategy Overview

        21.3.3. Voestalpine Stahl GmbH

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Sales Footprint

            21.3.3.4. Strategy Overview 

        21.3.4. POSCO

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Sales Footprint

            21.3.4.4. Strategy Overview

        21.3.5. Nippon Steel & Sumitomo Metal Corporation

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Sales Footprint

            21.3.5.4. Strategy Overview

        21.3.6. ThyssenKrupp AG

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Sales Footprint

            21.3.6.4. Strategy Overview 

        21.3.7. JFE Steel Corporation

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Sales Footprint

            21.3.7.4. Strategy Overview

        21.3.8. Cogent Power

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Sales Footprint

            21.3.8.4. Strategy Overview

        21.3.9. ArcelorMittal SA

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Sales Footprint

            21.3.9.4. Strategy Overview

        21.3.10. Aperam SA

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Sales Footprint

            21.3.10.4. Strategy Overview

        21.3.11. Baosteel Group

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Sales Footprint

            21.3.11.4. Strategy Overview

        21.3.12. AK Steel Holding Corp

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Sales Footprint

            21.3.12.4. Strategy Overview

        21.3.13. Allegheny Technologies, Inc.

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Sales Footprint

            21.3.13.4. Strategy Overview

        21.3.14. Phoenix Mecano AG

            21.3.14.1. Overview

            21.3.14.2. Product Portfolio

            21.3.14.3. Sales Footprint

            21.3.14.4. Strategy Overview

        21.3.15. Leicong Industrial Co., Ltd.

            21.3.15.1. Overview

            21.3.15.2. Product Portfolio

            21.3.15.3. Sales Footprint

            21.3.15.4. Strategy Overview

        21.3.16. Nicore Electrical Manufactory Co., LTD.

            21.3.16.1. Overview

            21.3.16.2. Product Portfolio

            21.3.16.3. Sales Footprint

            21.3.16.4. Strategy Overview

        21.3.17. Steel Authority of India Limited

            21.3.17.1. Overview

            21.3.17.2. Product Portfolio

            21.3.17.3. Sales Footprint

            21.3.17.4. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 01: Global Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 02: Global Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 03: Global Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 04: Global Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 05: Global Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Region

Table 06: North America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 07: North America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 08: North America Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 09: North America Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 10: North America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 11: Latin America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 12: Latin America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 13: Latin America Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 14: Latin America Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 15: Latin America Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 16: Europe Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 17: Europe Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 18: Europe Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 19: Europe Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 20: Europe Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 21: Europe Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 22: South Asia & Pacific Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 23: South Asia & Pacific Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 24: South Asia & Pacific Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 25: South Asia & Pacific Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 26: South Asia & Pacific Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 27: East Asia Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 28: East Asia Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 29: East Asia Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 30: East Asia Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 31: East Asia Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Table 32: Middle East & Africa Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 33: Middle East & Africa Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Product Type

Table 34: Middle East & Africa Electrical Steel Market Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 35: Middle East & Africa Electrical Steel Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 36: Middle East & Africa Electrical Steel Market Value (US$ Mn) & Volume (Kilo Tonnes) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End Use Industry

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 01: Global Electrical Steel Market Volume (Kilo Tonnes) and Y-o-Y Growth Rate From 2021-2031

Figure 02: Global Electrical Steel Market Value (US$ Mn) and Y-o-Y Growth Rate From 2021-2031

Figure 03: Global Electrical Steel Market Absolute $ opportunity Analysis, 2021-2031

Figure 04: Global Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 05: Global Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 06: Global Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 07: Global Electrical Steel Market Incremental $ Opportunity by Product Type, 2021-2031

Figure 08: Global Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 09: Global Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 10: Global Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 11: Global Electrical Steel Market Incremental $ Opportunity by Application, 2021-2031

Figure 12: Global Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 13: Global Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 14: Global Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 15: Global Electrical Steel Market Incremental $ Opportunity by End Use Industry, 2021-2031

Figure 16: Global Electrical Steel Market Share and BPS Analysis by Region - 2021 & 2031

Figure 17: Global Electrical Steel Market Y-o-Y Growth by Region, 2021-2031

Figure 18: Global Electrical Steel Market Attractiveness Analysis by Region, 2021-2031

Figure 19: Global Electrical Steel Market Incremental $ Opportunity by Region, 2021-2031

Figure 20: North America Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 21: North America Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 22: North America Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 23: North America Market Incremental $ Opportunity by Country, 2021-2031

Figure 24: North America Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 25: North America Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 26: North America Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 27: North America Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 28: North America Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 29: North America Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 30: North America Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 31: North America Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 32: North America Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 33: Latin America Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 34: Latin America Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 35: Latin America Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 36: Latin America Electrical Steel Market Incremental $ Opportunity by Country, 2021-2031

Figure 37: Latin America Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 38: Latin America Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 39: Latin America Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 40: Latin America Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 41: Latin America Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 42: Latin America Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 43: Latin America Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 44: Latin America Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 45: Latin America Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 46: Europe Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 47: Europe Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 48: Europe Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 49: Europe Electrical Steel Market Incremental $ Opportunity by Country, 2021-2031

Figure 50: Europe Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 51: Europe Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 52: Europe Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 53: Europe Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 54: Europe Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 55: Europe Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 56: Europe Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 57: Europe Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 58: Europe Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 59: South Asia & Pacific Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 60: South Asia & Pacific Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 61: South Asia & Pacific Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 62: South Asia & Pacific Electrical Steel Market Incremental $ Opportunity by Country, 2021-2031

Figure 63: South Asia & Pacific Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 64: South Asia & Pacific Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 65: South Asia & Pacific Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 66: South Asia & Pacific Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 67: South Asia & Pacific Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 68: South Asia & Pacific Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 69: South Asia & Pacific Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 70: South Asia & Pacific Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 71: South Asia & Pacific Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 72: East Asia Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 73: East Asia Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 74: East Asia Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 75: East Asia Electrical Steel Market Incremental $ Opportunity by Country, 2021-2031

Figure 76: East Asia Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 77: East Asia Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 78: East Asia Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 79: East Asia Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 80: East Asia Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 81: East Asia Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 82: East Asia Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 83: East Asia Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 84: East Asia Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

Figure 85: Middle East & Africa Electrical Steel Market Share and BPS Analysis by Country - 2021 & 2031

Figure 86: Middle East & Africa Electrical Steel Market Y-o-Y Growth by Country, 2021-2031

Figure 87: Middle East & Africa Electrical Steel Market Attractiveness Analysis by Country, 2021-2031

Figure 88: Middle East & Africa Electrical Steel Market Share and BPS Analysis by Product Type - 2021 & 2031

Figure 89: Middle East & Africa Electrical Steel Market Y-o-Y Growth by Product Type, 2021-2031

Figure 90: Middle East & Africa Electrical Steel Market Attractiveness Analysis by Product Type, 2021-2031

Figure 91: Middle East & Africa Electrical Steel Market Share and BPS Analysis by Application - 2021 & 2031

Figure 92: Middle East & Africa Electrical Steel Market Y-o-Y Growth by Application, 2021-2031

Figure 93: Middle East & Africa Electrical Steel Market Attractiveness Analysis by Application, 2021-2031

Figure 94: Middle East & Africa Electrical Steel Market Share and BPS Analysis by End Use Industry - 2021 & 2031

Figure 95: Middle East & Africa Electrical Steel Market Y-o-Y Growth by End Use Industry, 2021-2031

Figure 96: Middle East & Africa Electrical Steel Market Attractiveness Analysis by End Use Industry, 2021-2031

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