Industry Overview
The Electrical Steel Sheet is at USD 17.2Billion in 2024 and is expected to reach 37.92Billion by 2032. The Electrical Steel Sheet is driven by increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and global trade.Electrical Steel Sheet Market Size in (USD Billion) CAGR Growth Rate 4.80%
| Study Period | 2020-2032 |
| Market Size (2024): | 17.2Billion |
| Market Size (2032): | 37.92Billion |
| CAGR (2024 - 2032): | 4.80% |
| Fastest Growing Region | Asia Pacific |
| Dominating Region | North America |
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Electrical steel sheets, also known as silicon steel or lamination steel, are specialized steel products engineered for electromagnetic applications such as transformers, electric motors, and generators. These sheets are characterized by their high magnetic permeability, low core loss, and excellent insulation properties. Electrical steel is available in two main types: grain-oriented (GO) and non-grain-oriented (NGO). GO sheets are used in transformers due to their superior directional magnetic properties, while NGO sheets are used in motors and generators for multi-directional magnetization. The silicon content in the steel enhances its electrical resistance and reduces energy loss due to eddy currents. As electrification expands across industries—from electric vehicles to renewable energy—the demand for high-efficiency electrical steel is rising. These materials are critical in improving the performance, longevity, and energy efficiency of electromechanical devices, and ongoing advancements focus on reducing hysteresis loss and thickness for better overall efficiency.
Competitive landscape
The key players in the Electrical Steel Sheet are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Nippon Steel, POSCO, Thyssenkrupp, JFE Steel, Tata Steel, ArcelorMittal, AK Steel, China Steel Corporation, Baosteel, United States Steel Corporation, NLMK, Voestalpine, Hyundai Steel, JSW Steel, TISCO, Cleveland-Cliffs, Ansteel Group, Aperam, Eurofer, Cogent Power, Essar Steel, Metinvest, Shougang Group, BRS (Big River Steel), are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in chemical manufacturing processes and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the Electrical Steel Sheet, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the Electrical Steel Sheet. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.
Key Players
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:- Nippon Steel
- POSCO
- Thyssenkrupp
- JFE Steel
- Tata Steel
- ArcelorMittal
- AK Steel
- China Steel Corporation
- Baosteel
- United States Steel Corporation
- NLMK
- Voestalpine
- Hyundai Steel
- JSW Steel
- TISCO
- Cleveland-Cliffs
- Ansteel Group
- Aperam
- Eurofer
- Cogent Power
- Essar Steel
- Metinvest
- Shougang Group
- BRS (Big River Steel)
Electrical Steel Sheet Market Segmentation by Players
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Electrical Steel Sheet Dynamics
Driving Factor
The Electrical Steel Sheet is propelled by several key drivers, including the demand from diverse industrial sectors such as automotive, construction, and pharmaceuticals. Technological advancements and continuous innovation in chemical processes enhance efficiency and open new market opportunities. Economic growth, particularly in emerging markets, along with rapid urbanization and population growth, increases the need for chemicals in infrastructure and consumer goods. Additionally, stricter environmental regulations and the push for sustainable products drive the development of green chemicals. Global trade, raw material availability, and investments in research and development further shape the industry's growth, while supportive government policies and evolving consumer trends also play crucial roles.
- EV Motor Production
- Transformer Efficiency Needs
- Grid Infrastructure Upgrades
The Electrical Steel Sheet faces several challenges and restraining factors, including stringent environmental regulations that increase operational costs and complexity. Fluctuating raw material prices and availability can impact production expenses while growing health and safety concerns necessitate significant investments in compliance measures. Additionally, the push for sustainability requires costly reforms and green technologies. Economic uncertainty, supply chain disruptions, and rapid technological advancements further complicate market dynamics. Geopolitical instability and intellectual property risks also pose significant threats, while market saturation in mature regions pressures profit margins and limits growth opportunities.
- High Energy Processing Cost
- Magnetic Loss Optimization
- Raw Material Volatility
The Electrical Steel Sheet presents numerous opportunities for growth and innovation. Emerging trends in sustainability offer significant prospects for developing green and eco-friendly products, which are increasingly demanded by consumers and regulated by governments. Advancements in technology, such as digitalization and automation, provide opportunities for improving efficiency and reducing costs in chemical production. Expansion into emerging markets and developing regions presents a chance for companies to tap into new customer bases and increase their market share. Additionally, ongoing investments in research and development pave the way for innovations in specialty chemicals and advanced materials. Collaborations and partnerships within the industry can also drive growth by leveraging complementary strengths and accessing new technologies and markets.
- EV And Renewable OEM Contracts
- Transformer Manufacturers
Key trends in the Electrical Steel Sheet include a focus on sustainability and green chemistry, driven by environmental regulations and consumer demand. Digital transformation is enhancing efficiency through AI and automation, while advanced materials are being developed for various industries. The shift towards a circular economy promotes recycling and reuse, and personalized medicine is increasing demand for specialty chemicals. Investments in renewable energy create new opportunities, and emerging markets offer growth potential. Evolving regulations and consumer preferences for sustainable products are influencing innovation, and supply chain advancements are improving efficiency. These trends are reshaping the chemical industry and driving its growth.
- High-frequency applications
- Grain-oriented advancements
- Thin-gauge demand
Regulatory Framework
Several regulatory bodies oversee the chemical industry globally to ensure safety, environmental protection, and compliance with standards. Notable among these are the Environmental Protection Agency (EPA) in the United States, the European Chemicals Agency (ECHA) in the European Union, and the Occupational Safety and Health Administration (OSHA) in the United States. Other significant entities include the Health and Safety Executive (HSE) in the United Kingdom, the National Institute of Chemical Safety (NICS) in South Korea, and the Ministry of Environmental Protection (MEP) in China.Additionally, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia, the Japan Chemical Industry Association (JCIA), the Canadian Environmental Protection Act (CEPA), and the Central Pollution Control Board (CPCB) in India play crucial roles. These organizations establish regulations, conduct inspections, and enforce compliance to ensure the safe production, handling, and disposal of chemicals.
Regional Insight
The North America leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the Asia Pacific is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. The regions covered in the report are:Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia Pacific
Dominating Region
North America
Market Segmentation
Segmentation by Type
- Grain-oriented
- Non-grain-oriented
- Fully processed
- Semi-processed
Electrical Steel Sheet Market Segmentation by Type
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Segmentation by Application
- Transformers
- Electric motors
- Generators
- Automotive EVs
- Power distribution equipment
Electrical Steel Sheet Market Segmentation by Application
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Research Methodology
The research methodology involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings.The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends, and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy.
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.
Report Details
| Report Features | Details |
| Base Year | 2024 |
| Based Year Market Size (2024) | 17.2Billion |
| Historical Period | 2020 to 2024 |
| CAGR (2024 to 2032) | 4.80% |
| Forecast Period | 2025 to 2032 |
| Forecasted Period Market Size (2032) | 37.92Billion |
| Scope of the Report | Grain-oriented, Non-grain-oriented, Fully processed, Semi-processed, Transformers, Electric motors, Generators, Automotive EVs, Power distribution equipment |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Companies Covered | Nippon Steel, POSCO, Thyssenkrupp, JFE Steel, Tata Steel, ArcelorMittal, AK Steel, China Steel Corporation, Baosteel, United States Steel Corporation, NLMK, Voestalpine, Hyundai Steel, JSW Steel, TISCO, Cleveland-Cliffs, Ansteel Group, Aperam, Eurofer, Cogent Power, Essar Steel, Metinvest, Shougang Group, BRS (Big River Steel) |
| Customization Scope | 15% Free Customization |
| Delivery Format | PDF and Excel through Email |
Electrical Steel Sheet - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Electrical Steel Sheet Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Electrical Steel Sheet Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Electrical Steel Sheet Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 EV motor production
- 3.1.2 Transformer efficiency needs
- 3.1.3 Grid infrastructure upgrades
-
3.2 Available Opportunities
- 3.2.1 EV and renewable OEM contracts
- 3.2.2 Transformer manuf
-
3.3 Influencing Trends
- 3.3.1 High-frequency applications
- 3.3.2 Grain-oriented advan
-
3.4 Challenges
- 3.4.1 High energy processing cost
- 3.4.2 Magnetic loss optimi
- 3.5 Regional Dynamics
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Chapter 4 : Global Electrical Steel Sheet Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Electrical Steel Sheet Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Electrical Steel Sheet : Competition Benchmarking & Performance Evaluation
- 5.1 Global Electrical Steel Sheet Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Electrical Steel Sheet Revenue 2024
- 5.3 Global Electrical Steel Sheet Sales Volume by Manufacturers (2024)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 5C’s Analysis
- 5.6 Ansoff Matrix
Chapter 6: Global Electrical Steel Sheet Market: Company Profiles
- 6.1 Nippon Steel
- 6.1.1 Nippon Steel Company Overview
- 6.1.2 Nippon Steel Product/Service Portfolio & Specifications
- 6.1.3 Nippon Steel Key Financial Metrics
- 6.1.4 Nippon Steel SWOT Analysis
- 6.1.5 Nippon Steel Development Activities
- 6.2 POSCO
- 6.3 Thyssenkrupp
- 6.4 JFE Steel
- 6.5 Tata Steel
- 6.6 ArcelorMittal
- 6.7 AK Steel
- 6.8 China Steel Corporation
- 6.9 Baosteel
- 6.10 United States Steel Corporation
- 6.11 NLMK
- 6.12 Voestalpine
- 6.13 Hyundai Steel
- 6.14 JSW Steel
- 6.15 TISCO
- 6.16 Cleveland-Cliffs
- 6.17 Ansteel Group
- 6.18 Aperam
- 6.19 Eurofer
- 6.20 Cogent Power
- 6.21 Essar Steel
- 6.22 Metinvest
- 6.23 Shougang Group
- 6.24 BRS (Big River Steel)
- 6.25 EBG Group
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Chapter 7 : Global Electrical Steel Sheet by Type & Application (2020-2032)
-
7.1 Global Electrical Steel Sheet Market Revenue Analysis (USD Million) by Type (2020-2024)
- 7.1.1 Grain-oriented
- 7.1.2 Non-grain-oriented
- 7.1.3 Fully Processed
- 7.1.4 Semi-processed
- 7.1.5 High-permeability Sheets
-
7.2 Global Electrical Steel Sheet Market Revenue Analysis (USD Million) by Application (2020-2024)
- 7.2.1 Transformers
- 7.2.2 Electric Motors
- 7.2.3 Generators
- 7.2.4 Automotive EVs
- 7.2.5 Power Distribution Equipment
- 7.3 Global Electrical Steel Sheet Market Revenue Analysis (USD Million) by Type (2024-2032)
- 7.4 Global Electrical Steel Sheet Market Revenue Analysis (USD Million) by Application (2024-2032)
Chapter 8 : North America Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 8.1 North America Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 8.2.1 Grain-oriented
- 8.2.2 Non-grain-oriented
- 8.2.3 Fully Processed
- 8.2.4 Semi-processed
- 8.2.5 High-permeability Sheets
-
8.3 North America Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 8.3.1 Transformers
- 8.3.2 Electric Motors
- 8.3.3 Generators
- 8.3.4 Automotive EVs
- 8.3.5 Power Distribution Equipment
- 8.4 North America Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 8.5 North America Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 8.6 North America Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
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Chapter 9 : LATAM Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 9.1 LATAM Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 9.2.1 Grain-oriented
- 9.2.2 Non-grain-oriented
- 9.2.3 Fully Processed
- 9.2.4 Semi-processed
- 9.2.5 High-permeability Sheets
-
9.3 LATAM Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 9.3.1 Transformers
- 9.3.2 Electric Motors
- 9.3.3 Generators
- 9.3.4 Automotive EVs
- 9.3.5 Power Distribution Equipment
- 9.4 LATAM Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 9.5 LATAM Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 9.6 LATAM Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 10 : West Europe Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 10.1 West Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 10.2.1 Grain-oriented
- 10.2.2 Non-grain-oriented
- 10.2.3 Fully Processed
- 10.2.4 Semi-processed
- 10.2.5 High-permeability Sheets
-
10.3 West Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 10.3.1 Transformers
- 10.3.2 Electric Motors
- 10.3.3 Generators
- 10.3.4 Automotive EVs
- 10.3.5 Power Distribution Equipment
- 10.4 West Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 10.5 West Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 10.6 West Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 11 : Central & Eastern Europe Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 11.2.1 Grain-oriented
- 11.2.2 Non-grain-oriented
- 11.2.3 Fully Processed
- 11.2.4 Semi-processed
- 11.2.5 High-permeability Sheets
-
11.3 Central & Eastern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 11.3.1 Transformers
- 11.3.2 Electric Motors
- 11.3.3 Generators
- 11.3.4 Automotive EVs
- 11.3.5 Power Distribution Equipment
- 11.4 Central & Eastern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 11.5 Central & Eastern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 11.6 Central & Eastern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 12 : Northern Europe Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 12.2.1 Grain-oriented
- 12.2.2 Non-grain-oriented
- 12.2.3 Fully Processed
- 12.2.4 Semi-processed
- 12.2.5 High-permeability Sheets
-
12.3 Northern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 12.3.1 Transformers
- 12.3.2 Electric Motors
- 12.3.3 Generators
- 12.3.4 Automotive EVs
- 12.3.5 Power Distribution Equipment
- 12.4 Northern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 12.5 Northern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 12.6 Northern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 13 : Southern Europe Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 13.2.1 Grain-oriented
- 13.2.2 Non-grain-oriented
- 13.2.3 Fully Processed
- 13.2.4 Semi-processed
- 13.2.5 High-permeability Sheets
-
13.3 Southern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 13.3.1 Transformers
- 13.3.2 Electric Motors
- 13.3.3 Generators
- 13.3.4 Automotive EVs
- 13.3.5 Power Distribution Equipment
- 13.4 Southern Europe Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 13.5 Southern Europe Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 13.6 Southern Europe Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 14 : East Asia Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 14.1 East Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 14.2.1 Grain-oriented
- 14.2.2 Non-grain-oriented
- 14.2.3 Fully Processed
- 14.2.4 Semi-processed
- 14.2.5 High-permeability Sheets
-
14.3 East Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 14.3.1 Transformers
- 14.3.2 Electric Motors
- 14.3.3 Generators
- 14.3.4 Automotive EVs
- 14.3.5 Power Distribution Equipment
- 14.4 East Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 14.5 East Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 14.6 East Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 15 : Southeast Asia Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 15.2.1 Grain-oriented
- 15.2.2 Non-grain-oriented
- 15.2.3 Fully Processed
- 15.2.4 Semi-processed
- 15.2.5 High-permeability Sheets
-
15.3 Southeast Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 15.3.1 Transformers
- 15.3.2 Electric Motors
- 15.3.3 Generators
- 15.3.4 Automotive EVs
- 15.3.5 Power Distribution Equipment
- 15.4 Southeast Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 15.5 Southeast Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 15.6 Southeast Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 16 : South Asia Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 16.1 South Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 16.2.1 Grain-oriented
- 16.2.2 Non-grain-oriented
- 16.2.3 Fully Processed
- 16.2.4 Semi-processed
- 16.2.5 High-permeability Sheets
-
16.3 South Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 16.3.1 Transformers
- 16.3.2 Electric Motors
- 16.3.3 Generators
- 16.3.4 Automotive EVs
- 16.3.5 Power Distribution Equipment
- 16.4 South Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 16.5 South Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 16.6 South Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 17 : Central Asia Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 17.1 Central Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 17.2.1 Grain-oriented
- 17.2.2 Non-grain-oriented
- 17.2.3 Fully Processed
- 17.2.4 Semi-processed
- 17.2.5 High-permeability Sheets
-
17.3 Central Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 17.3.1 Transformers
- 17.3.2 Electric Motors
- 17.3.3 Generators
- 17.3.4 Automotive EVs
- 17.3.5 Power Distribution Equipment
- 17.4 Central Asia Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 17.5 Central Asia Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 17.6 Central Asia Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 18 : Oceania Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 18.1 Oceania Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 18.2.1 Grain-oriented
- 18.2.2 Non-grain-oriented
- 18.2.3 Fully Processed
- 18.2.4 Semi-processed
- 18.2.5 High-permeability Sheets
-
18.3 Oceania Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 18.3.1 Transformers
- 18.3.2 Electric Motors
- 18.3.3 Generators
- 18.3.4 Automotive EVs
- 18.3.5 Power Distribution Equipment
- 18.4 Oceania Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 18.5 Oceania Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 18.6 Oceania Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 19 : MEA Electrical Steel Sheet Market Breakdown by Country, Type & Application
- 19.1 MEA Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 19.2.1 Grain-oriented
- 19.2.2 Non-grain-oriented
- 19.2.3 Fully Processed
- 19.2.4 Semi-processed
- 19.2.5 High-permeability Sheets
-
19.3 MEA Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 19.3.1 Transformers
- 19.3.2 Electric Motors
- 19.3.3 Generators
- 19.3.4 Automotive EVs
- 19.3.5 Power Distribution Equipment
- 19.4 MEA Electrical Steel Sheet Market by Country (USD Million) & Sales Volume (Units) [2025-2032]
- 19.5 MEA Electrical Steel Sheet Market by Type (USD Million) & Sales Volume (Units) [2025-2032]
- 19.6 MEA Electrical Steel Sheet Market by Application (USD Million) & Sales Volume (Units) [2025-2032]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
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21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
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21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Electrical Steel Sheet market is expected to see value worth 17.2 Billion in 2024.
The Electrical Steel Sheet Market is estimated to grow at a CAGR of 4.80%, currently pegged at 17.2 Billion.
The changing dynamics and trends such as High-frequency Applications, Grain-oriented Advancements, Thin-gauge Demand, Sustainability In Production are seen as major Game Changer in Global Electrical Steel Sheet Market.
- EV Motor Production
- Transformer Efficiency Needs
- Grid Infrastructure Upgrades
- Demand For Lightweight Power Tech
Some of the major challanges seen in Global Electrical Steel Sheet Market are High Energy Processing Cost, Magnetic Loss Optimization, Raw Material Volatility, Supply Chain Bottlenecks.
The market opportunity is clear from the flow of investment into Global Electrical Steel Sheet Market, some of them are EV And Renewable OEM Contracts, Transformer Manufacturers, Export To Power-deficit Nations.
Nippon Steel, POSCO, Thyssenkrupp, JFE Steel, Tata Steel, ArcelorMittal, AK Steel, China Steel Corporation, Baosteel, United States Steel Corporation, NLMK, Voestalpine, Hyundai Steel, JSW Steel, TISCO, Cleveland-Cliffs, Ansteel Group, Aperam, Eurofer, Cogent Power, Essar Steel, Metinvest, Shougang Group, BRS (Big River Steel), EBG Group etc are the main players listed in the Global Electrical Steel Sheet Market Study.
Research paper of Global Electrical Steel Sheet Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Transformers, Electric motors, Generators, Automotive EVs, Power distribution equipment.
The Global Electrical Steel Sheet Market Study is segmented by Grain-oriented, Non-grain-oriented, Fully processed, Semi-processed, High-permeability sheets.
The Global Electrical Steel Sheet Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
The Electrical Steel Sheet Market is studied from 2020 - 2032.
Electrical steel sheets, also known as silicon steel or lamination steel, are specialized steel products engineered for electromagnetic applications such as transformers, electric motors, and generators. These sheets are characterized by their high magnetic permeability, low core loss, and excellent insulation properties. Electrical steel is available in two main types: grain-oriented (GO) and non-grain-oriented (NGO). GO sheets are used in transformers due to their superior directional magnetic properties, while NGO sheets are used in motors and generators for multi-directional magnetization. The silicon content in the steel enhances its electrical resistance and reduces energy loss due to eddy currents. As electrification expands across industries—from electric vehicles to renewable energy—the demand for high-efficiency electrical steel is rising. These materials are critical in improving the performance, longevity, and energy efficiency of electromechanical devices, and ongoing advancements focus on reducing hysteresis loss and thickness for better overall efficiency.
