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1561562

2024-2032 年按類型、應用、最終用途產業和地區分類的電工鋼市場報告

Electrical Steel Market Report by Type, Application, End Use Industry, and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 136 Pages | 商品交期: 2-3個工作天內

價格

2023年全球電工鋼IMARC Group規模達399億美元。由於對智慧電網技術的投資不斷增加、政府促進能源效率和永續性的舉措、對高性能材料的電動車的需求不斷成長以及電力基礎設施的持續技術進步，該市場正在經歷穩定成長。

電工鋼市場分析：

  • 主要市場促進因素：根據電工鋼市場報告，電動車 (EV) 需求的不斷成長推動了電工鋼市場的發展，因為這些材料用於提高電動汽車馬達和變壓器的性能。此外，全球電力基礎設施的發展和對再生能源日益成長的偏好推動了市場的發展，因為這些材料是有效能源傳輸和分配所必需的。
  • 主要市場趨勢：電動車銷售的成長和政府對永續清潔能源的鼓勵推動了電工鋼市場的發展。我們正在考慮採用更高品質的電工鋼來進行持續創新和持續投資。除了電網現代化和智慧電網整合的創新之外，解決電力效率和永續能源等重要問題也推動了對電工鋼的需求。
  • 地理趨勢：亞太市場的快速成長得益於電動車的高產量、大規模的基礎設施發展以及中國和印度等國家不斷成長的再生能源措施。
  • 競爭格局：市場領導者是專注於新組件分銷、合併和收購以提高產能和銷售業績的組件製造商。除此之外，主要參與者一直在投資研發，以製造具有卓越磁性和電阻率的高品質電工鋼。
  • 挑戰和機會：主要挑戰是製造商在談判價格時面臨的原料價格波動，這有可能擾亂生產成本和利潤率。同時，再生能源的興起和向電動車的快速過渡為電工鋼的市場成長和技術創新提供了相當大的空間。

電工鋼市場趨勢：

電動車 (EV) 需求不斷成長

全球電動車普及率的顯著提高是推動電工鋼市場的主要因素之一。由於人們對清潔能源和降低排放的日益關注，電動車(EV) 的全球需求顯著增加，汽車和政府部門也在大力推動電動車(EV) 的發展，從而導致對可提高性能的輕質材料的需求增加電動車。除此之外，電動車中馬達和變壓器設計的未來取決於電工鋼，這種材料以其令人印象深刻的磁性和高電阻率而聞名。同時，電動車技術的加速發展與充電基礎設施投資的不斷成長相結合，進一步推動了對高檔電工鋼的需求。因此，這一趨勢有助於發展全球市場，因為汽車產業是電工鋼的巨大消費者，從而促進其市場成長。

電力基礎設施的進步

電工鋼市場也主要受到電力基礎設施安裝和升級的增加的推動。此外，電工鋼有助於製造變壓器、電感器和電網的關鍵零件，以實現有效的能源傳輸和分配。隨著各國更新電網以處理更多再生能源，以滿足對電工鋼的需求，全球各地都在進行投資。因此，這是由滿足不斷成長的能源需求和永續發展目標所需的基礎設施發展所推動的。此外，電網可靠性的提高和智慧電網技術的採用也推動了對電工鋼的日益依賴。

再生能源擴張

由於使用再生能源的趨勢不斷上升，從煤炭、石油和天然氣轉向風能和太陽能，電工鋼市場規模也受到影響。一些用於產生可再生電力的最重要的系統如果在生產發電機和變壓器中採用電工鋼來轉換和處理可再生能源，則可以提供最高效率。此外，政府對綠色能源技術採用的措施和激勵措施不斷增加，加上太陽能、電動車充電站、風能等再生能源系統的持續技術升級，對電工鋼的需求增加。隨著世界各國都在努力減少碳足跡並採用更清潔的能源，為電工鋼材料的銷售創造有利的環境，並推動全球市場的成長和永續發展，全球對亞太地區高性能電工鋼的需求也在不斷增加。

電工鋼市場細分：

IMARC Group提供了全球電工鋼市場報告各細分市場主要趨勢的分析，以及 2024 年至 2032 年全球、區域和國家層面的預測。我們的報告根據類型、應用和最終用途行業對市場進行了分類。

按類型分類：

  • 取向電工鋼
  • 無晶粒取向電工鋼

無晶取向電工鋼佔據大部分市場佔有率

該報告根據類型提供了詳細的市場細分和分析。這包括晶粒取向電工鋼和非晶粒取向電工鋼。根據該報告，非晶粒取向電工鋼佔據了最大的佔有率。

無晶粒取向（NGO）電工鋼因其在各行業的廣泛應用，特別是在電動機、發電機和變壓器的製造中而佔據最大的電工鋼市場佔有率。 NGO 電工鋼以其各向同性磁特性而聞名，無論磁通量方向如何，它都能在旋轉機械中提供最佳性能，而汽車行業是此類材料的主要最終用戶。同時，對電動車不斷成長的需求以及即將到來的發電和配電趨勢正在提高非政府組織電工鋼的利用率。此外，與晶粒取向電工鋼相比，非政府組織電工鋼的價格更便宜，這使其成為製造商青睞的高度主要類型。

按應用分類：

  • 變形金剛
  • 馬達
  • 發電機
  • 其他

馬達佔行業最大佔有率

報告還提供了基於應用程式的詳細市場細分和分析。這包括變壓器、電動機、發電機等。報告稱，馬達佔據最大的市場佔有率。

馬達是電工鋼市場的主要應用領域，主要來自汽車、工業機械和家用電器行業不斷成長的需求。需求增加的主要驅動力之一是電動車 (EV) 產量的成長，這需要先進的電工鋼來提高為其提供動力的馬達的效率和性能。此外，電動機在製造過程中的日益成長的應用以及對工業自動化的重視進一步影響了對該領域的需求。電工鋼具有優異的磁性能，尤其是其低能量損耗特性，可提高效率。此外，它很有價值，因為它需要庫存的組件少得多，但效率方面是降低浪費和能源成本的關鍵，符合全球永續發展和節能的趨勢。在不斷突破馬達性能和效率極限的技術創新中，馬達應用正在加速優質電工鋼的使用率，凸顯其在電工鋼領域的主導地位。

依最終用途行業細分：

  • 能源與電力
  • 汽車
  • 家用電器
  • 建築與施工
  • 其他

能源和電力是領先的細分市場

該報告根據最終用途行業提供了詳細的市場細分和分析。這包括能源和電力、汽車、家用電器、建築和其他。報告稱，能源和電力是最大的部分。

能源和電力是電工鋼市場中最大的最終用途產業領域，這主要是因為電工鋼在發電、輸電和配電中不可或缺。電工鋼也用於電網的不同部分，例如變壓器和發電機，確保較低的能量轉換損耗。此外，全球不斷向再生能源（特別是風能和太陽能）過渡，提高了對高效能電工鋼的需求，而高效能電工鋼是節能再生能源系統的核心組成部分。此外，為了滿足不斷成長的能源需求和電網可靠性而進行的電力基礎設施的現代化和擴建，正在推動該部門在預測期內的收入。同時，政府為實現各種能源效率和永續發展目標所採取的措施和投資也增加了能源和電力產業對電工鋼的需求。對能源效率的不斷重視以及永續能源發電解決方案的納入正在推動高級電工鋼在全球鋼鐵領域的市場主導地位。

按地區分類：

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

亞太地區引領市場，佔據最大的電工鋼市場佔有率

該報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告稱，亞太地區是電工鋼最大的區域市場。

由於該地區不斷成長的工業、城市、汽車和能源行業的支持，亞太地區仍然是領先的地區市場。引領這一趨勢的熱門國家是中國、印度、日本和韓國，它們正在大量投入電動車生產和清潔能源項目。同時，強勁的基礎設施發展和現代化項目，特別是在發電和配電領域，正在推動對頂級電工鋼的需求。此外，亞太地區在製造業中的主導地位以及主要行業參與者的存在也有助於電工鋼市場的不斷成長。此外，能源效率和永續性的提升，以及消費者對電動車和現代先進電子電器的需求不斷升級，進一步推動了電工鋼市場的成長。

（請注意，這只是關鍵參與者的部分列表，報告中提供了完整列表。）

電工鋼市場的主要參與者不斷參與策略性舉措，以擴大其在市場中的影響力並促進創新。磁性和能源效率是參與者的主要關注點，因為他們正在投入大量資源進行研發，特別是為了提高電工鋼產品的性能特徵。這些公司也正在提高製造能力並升級工廠，以滿足汽車和能源領域不斷成長的應用。這可以包括與電動車製造商和再生能源公司合作，它們是開拓新應用和市場的關鍵參與者。此外，主要參與者透過使用綠色製造實踐和推廣電工鋼的環保應用來強調永續性。這類公司正在採取多種策略，例如技術進步、擴大產能以及透過各種合併、收購和合作夥伴關係實現成長，以保持競爭優勢。

電工鋼市場新聞：

  • 2024 年2 月5 日：安賽樂米​​塔爾新日鐵印度公司(AM/NS India) 今天發布了第一份氣候行動報告，宣布根據印度到2050 年的氣候承諾，立即採取行動加速印度經濟成長並實現脫碳。
  • 2023年5月1日：阿美公司、寶山鋼鐵股份有限公司（寶鋼）和公共投資基金（PIF）簽署股東協議，將在沙烏地阿拉伯開發一家完全整合的鋼板製造工廠。

本報告回答的關鍵問題

  • 2023年全球電工鋼市場規模為多少
  • 2024-2032年全球電工鋼市場預計成長率是多少
  • COVID-19 對全球電工鋼市場有何影響
  • 推動全球電工鋼市場的關鍵因素是什麼
  • 全球電工鋼市場按類型分類是怎樣的
  • 基於應用的全球電工鋼市場區隔是怎樣的
  • 基於最終用途行業的全球電工鋼市場的細分是什麼
  • 全球電工鋼市場的重點區域有哪些
  • 誰是全球電工鋼市場的主要參與者/公司

本報告回答的關鍵問題

  • 2023年全球電工鋼市場規模有多大？ 2024-2032年全球電工鋼市場的預期成長率是多少？
  • COVID-19 對全球電工鋼市場有何影響？
  • 推動全球電工鋼市場的關鍵因素是什麼？
  • 全球電工鋼市場按類型分類是怎樣的？
  • 根據應用，全球電工鋼市場的細分如何？
  • 基於最終用途產業的全球電工鋼市場的詳細情形如何？
  • 全球電工鋼市場的重點區域有哪些？
  • 全球電工鋼市場的主要參與者/公司有哪些？

目錄

第1章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 數據來源
    • 主要來源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球電工鋼市場

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

第 6 章：市場區隔：按類型

  • 取向電工鋼
    • 市場趨勢
    • 市場預測
  • 無晶粒取向電工鋼
    • 市場趨勢
    • 市場預測

第 7 章：市場區隔：按應用

  • 變形金剛
    • 市場趨勢
    • 市場預測
  • 馬達
    • 市場趨勢
    • 市場預測
  • 發電機
    • 市場趨勢
    • 市場預測
  • 其他
    • 市場趨勢
    • 市場預測

第 8 章：市場區隔：依最終用途產業

  • 能源與電力
    • 市場趨勢
    • 市場預測
  • 汽車
    • 市場趨勢
    • 市場預測
  • 家用電器
    • 市場趨勢
    • 市場預測
  • 建築與施工
    • 市場趨勢
    • 市場預測
  • 其他
    • 市場趨勢
    • 市場預測

第 9 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場趨勢
    • 市場細分：按國家/地區
    • 市場預測

第 10 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章：價格分析

第14章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Aperam
    • ArcelorMittal
    • Baoshan Iron & Steel Co. Ltd. (China Baowu Steel Group Corp. Ltd.)
    • China Steel Corporation
    • JFE Holdings Inc.
    • JSW Steel Ltd.
    • Nippon Steel Corporation
    • POSCO
    • SIJ - Slovenian Steel Group dd
    • Steel Authority of India Limited
    • Sumitomo Corporation
    • Tata Steel Limited
    • ThyssenKrupp AG
    • United States Steel Corporation
    • Voestalpine AG
Product Code: SR112024A4637

The global electrical steel market size reached US$ 39.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The market is experiencing steady growth driven by the increasing investments in smart grid technologies, government initiatives promoting energy efficiency and sustainability, the escalating demand for electric vehicles requiring high-performance materials, and continual technological advancements in power infrastructure.

Electrical Steel Market Analysis:

  • Major Market Drivers: According to the electrical steel market report, rising demand for Electric Vehicles (EV) drives the electrical steel market as these materials are used to improve the performance of EV motors as well as transformers. Moreover, the development of power infrastructure and a growing preference for renewable energy sources across the globe drive the market, as these materials are required for effective energy transmission and distribution.
  • Key Market Trends: The increase in electric vehicle sales and government encouragement for sustainable clean energy propels the market of electrical steel. Better quality electrical steel is being considered for continuous innovation and ongoing investments. In addition to the innovations in power grid modernization and smart grid integration, the demand for electrical steel is fueled by bread-and-butter issues of addressing electricity efficiency and sustainable energy.
  • Geographical Trends: The rapid growth of the Asia Pacific market is due to the high production of EVs, massive infrastructure development, and growing renewable energy initiatives in countries such as China and India.
  • Competitive Landscape: The market leaders are component manufacturers focusing on new component distribution, mergers, and acquisitions to increase production capacity and sales presence. Apart from this, key players have been investing in research and development to manufacture high-quality electrical steel that provides superior magnetic properties and electrical resistivity.
  • Challenges and Opportunities: The major challenge is due to the volatility in raw material prices that manufacturers face while negotiating a price, which has the potential to disrupt production costs and profit margins. At the same time, the rise of renewable energies and the rapid transition to electric mobility is providing considerable scope for market growth and technological innovations in the case of electrical steel.

Electrical Steel Market Trends:

Growing demand for electric vehicles (EVs)

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

Advancements in power infrastructure

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

Renewable energy expansion

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

Electrical Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global electrical steel market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, application, and end use industry.

Breakup by Type:

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

Non-grain oriented electrical steel accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes grain oriented electrical steel, and non-grain oriented electrical steel. According to the report, non-grain oriented electrical steel represented the largest segment.

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

Breakup by Application:

  • Transformers
  • Motors
  • Generators
  • Others

Motors hold the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transformers, motors, generators, and others. According to the report, motors accounted for the largest market share.

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

Breakup by End Use Industry:

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

Energy and power represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes energy and power, automobiles, household appliances, building and construction, and others. According to the report, energy and power represented the largest segment.

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

Breakup by Region:

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

Asia-Pacific leads the market, accounting for the largest electrical steel market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific represents the largest regional market for electrical steel.

Asia-Pacific remains the leading regional segment, supported by the growing industrial, urban, automotive, and energy sectors in the region. Popular countries, that are leading this trend, are China, India, Japan, and South Korea, which are putting large amounts into electric vehicle production and clean energy projects. Along with this, the robust infrastructure development and modernization projects, particularly in the field of power generation and distribution are driving the need for top-rated electrical steel. Moreover, the dominance of Asia-Pacific in the manufacturing sector along with the presence of major industry players also aids in the rising electrical steel market. In addition, the promotion of energy efficiency and sustainability, and escalating consumer demand for electric vehicles and modern advanced electronic appliances are further fueling the growth of the electrical steel market.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the electrical steel industry include:

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

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Major players in the electrical steel market are constantly participating in strategic moves to enhance their footprint in the market and promote innovation. Magnetic properties and energy efficiency are the primary focus for players as they are investing significant resources into R&D, specifically to improve the performance characteristics of electrical steel products. These companies are also growing their manufacturing capacity and upgrading their plants to fulfill the rising applications in the automotive and energy sectors. This can include working with electric vehicle manufacturers and renewable energy companies, which are key players in tapping into new applications and markets. In addition, major players are emphasizing sustainability by using green manufacturing practices and promoting electrical steel in eco-friendly applications. Such companies are adopting several strategies such as technological advancements, expansion in production capacity, and growth through various mergers, acquisitions, and partnerships to maintain a competitive edge.

Electrical Steel Market News:

  • February 05, 2024: ArcelorMittal Nippon Steel India (AM/NS India) has today published its first Climate Action report announcing immediate actions to speed up and decarbonize India's growth, in line with India's climate commitments by 2050.
  • May 01, 2023: Aramco, Baoshan Iron & Steel Co., Ltd. (Baosteel), and the Public Investment Fund (PIF) signed shareholders' agreement to develop a fully integrated steel plate manufacturing facility in Saudi Arabia.

Key Questions Answered in This Report

  • 1. What was the size of the global electrical steel market in 2023?
  • 2. What is the expected growth rate of the global electrical steel market during 2024-2032?
  • 3. What has been the impact of COVID-19 on the global electrical steel market?
  • 4. What are the key factors driving the global electrical steel market?
  • 5. What is the breakup of the global electrical steel market based on the type?
  • 6. What is the breakup of the global electrical steel market based on the application?
  • 7. What is the breakup of the global electrical steel market based on the end use industry?
  • 8. What are the key regions in the global electrical steel market?
  • 9. Who are the key players/companies in the global electrical steel market?

Table of Contents

1 Preface

2 Scope and Methodology

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

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Electrical Steel Market

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

6 Market Breakup by Type

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

7 Market Breakup by Application

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

8 Market Breakup by End Use Industry

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

9 Market Breakup by Region

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

10 SWOT Analysis

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

11 Value Chain Analysis

12 Porters Five Forces Analysis

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

13 Price Analysis

14 Competitive Landscape

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

List of Figures

  • Figure 1: Global: Electrical Steel Market: Major Drivers and Challenges
  • Figure 2: Global: Electrical Steel Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Electrical Steel Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Electrical Steel Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Electrical Steel Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Electrical Steel Market: Breakup by End Use Industry (in %), 2023
  • Figure 7: Global: Electrical Steel Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Electrical Steel (Grain Oriented Electrical Steel) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Electrical Steel (Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Electrical Steel (Transformers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Electrical Steel (Transformers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Electrical Steel (Motors) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Electrical Steel (Motors) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Electrical Steel (Generators) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Electrical Steel (Generators) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Electrical Steel (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Electrical Steel (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Electrical Steel (Energy and Power) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Electrical Steel (Energy and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Electrical Steel (Automobiles) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Electrical Steel (Automobiles) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Electrical Steel (Household Appliances) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Electrical Steel (Household Appliances) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Electrical Steel (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Electrical Steel (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Electrical Steel (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Electrical Steel (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: North America: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: North America: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: United States: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: United States: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Canada: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Canada: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Asia-Pacific: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Asia-Pacific: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: China: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: China: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Japan: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Japan: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: India: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: India: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: South Korea: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: South Korea: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Australia: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Australia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Indonesia: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Indonesia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Others: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Europe: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Europe: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Germany: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Germany: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: France: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: France: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: United Kingdom: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: United Kingdom: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Italy: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Italy: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Spain: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Spain: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Russia: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Russia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Others: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Latin America: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Latin America: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Brazil: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Brazil: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Mexico: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Mexico: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Others: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Middle East and Africa: Electrical Steel Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Middle East and Africa: Electrical Steel Market: Breakup by Country (in %), 2023
  • Figure 78: Middle East and Africa: Electrical Steel Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Global: Electrical Steel Industry: SWOT Analysis
  • Figure 80: Global: Electrical Steel Industry: Value Chain Analysis
  • Figure 81: Global: Electrical Steel Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Electrical Steel Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Electrical Steel Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Electrical Steel Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Electrical Steel Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 5: Global: Electrical Steel Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Electrical Steel Market: Competitive Structure
  • Table 7: Global: Electrical Steel Market: Key Players