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表紙：電磁鋼板の世界市場：成長、将来展望、競合分析、2025年～2033年
市場調査レポート
商品コード
1645259

電磁鋼板の世界市場：成長、将来展望、競合分析、2025年～2033年

Electrical Steel Market - Growth, Future Prospects and Competitive Analysis, 2025 - 2033

出版日
ページ情報
英文 171 Pages
納期
即日から翌営業日
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
電磁鋼板の世界市場：成長、将来展望、競合分析、2025年～2033年
出版日: 2024年12月10日
発行: Acute Market Reports
ページ情報: 英文 171 Pages
納期: 即日から翌営業日
GIIご利用のメリット
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  • 概要
  • 図表
  • 目次
概要

電磁鋼板市場は、主に電力変圧器、モーター、発電機の製造用に調整された特定のタイプの鋼鉄の生産と販売を網羅しています。電磁鋼板は、ケイ素鋼や変圧器鋼としても知られ、変圧器のコアや電動機・発電機のステータやロータを構成する材料として使用されます。電磁鋼板市場は、2025年から2033年にかけてCAGR 4.5%で成長すると推定されています。電磁鋼板の特徴は、電力用変圧器やモーターで発生する磁化と減磁の過程におけるエネルギー損失を最小限に抑えることです。この特性は、これらの用途におけるエネルギー効率と運転性能にとって極めて重要です。鋼材は一般的にコーティングが施され、シリコンの割合が高いため、電気抵抗が向上し、熱の形でのエネルギー損失が減少します。

市場促進要因：再生可能エネルギーと電気自動車の成長

電磁鋼板市場の主な促進要因は、再生可能エネルギーと電気自動車（EV）産業の世界的成長です。電磁鋼板は、風力タービンやソーラーパネルなどの再生可能エネルギーシステムに使用される変圧器や発電機の製造に不可欠です。気候変動に対処するため、世界が持続可能なエネルギー源へとますますシフトする中、再生可能エネルギーのインフラに対する需要は急速に拡大しています。この動向は、エネルギーの伝達と配電において極めて重要な方向性電磁鋼板の必要性を直接的に高めています。同時に、EV市場の急成長により、無方向性電磁鋼板の需要が高まっています。この種の鋼は、EVに不可欠な電気モーターの主要部品です。世界各国の政府がEVの普及を奨励し、メーカーがEV製品を拡大しているため、高効率の電気モーター、ひいては電磁鋼板の需要が大きく伸びています。

機会：エネルギー効率と技術進歩

電磁鋼板市場における大きなビジネスチャンスは、高効率グレードの開発と技術革新にあります。エネルギー効率の重要性が増すにつれ、エネルギー損失を最小限に抑える優れた磁気特性を持つ電磁鋼板への需要が高まっています。生産プロセスや材料科学の進歩は、より効率的な新しいタイプの電磁鋼板の創造につながります。この開発は、環境意識の高まる市場に対応するだけでなく、電気機械や変圧器の全体的な性能を向上させます。さらに、合金組成と処理プロセスの継続的な研究開発により、この鋼の電気的・磁気的特性をさらに向上させる機会がもたらされ、最新の電気用途の進化する要件に対応することができます。

抑制要因：原材料価格の変動

しかし、原料、特にシリコンの価格変動が大きな抑制要因となっています。電磁鋼板のコストは、その製造に多用されるシリコンの価格に大きく影響されます。シリコン価格の変動は、電磁鋼板の価格設定を不安定にし、メーカーの収益性とエンドユーザーの購入しやすさに影響を与えます。この変動は電磁鋼板業界にとって課題であり、再生可能エネルギーや電気自動車生産などの分野における投資決定や新規プロジェクトの開発に影響を与える可能性があります。

課題：環境影響と持続可能性

電磁鋼板市場における重要な課題の一つは、生産工程における環境への影響と持続可能性への対応です。電磁鋼板の製造、特にシリコンの高含有は、炭素排出の原因となるエネルギー集約的な工程を伴います。さらに、シリコンやその他の原材料の採掘や精製も環境に影響を与えます。世界の関心が持続可能な慣行へとシフトする中、業界は環境フットプリントの削減という課題に直面しています。これには、よりクリーンな生産技術の採用、廃棄物管理の改善、より環境にやさしい代替素材やプロセスの可能性の模索などが含まれます。電磁鋼板に対する需要の増加と持続可能な生産慣行の必要性とのバランスをとることは、市場の長期的な存続にとって極めて重要です。

製品別の市場セグメンテーション

電磁鋼板市場の製品別セグメンテーションには、方向性電磁鋼板と無方向性電磁鋼板があります。無方向性電磁鋼板は、自動車や家電分野のモーターやインダクターなど、様々な用途に広く使用されているため、現在最も高い収益をあげています。このタイプの鋼は、磁束の方向が一定でない用途において、その汎用性と効率性から好まれています。一方、方向性電磁鋼板は年間平均成長率（CAGR）が最も高いです。このセグメントの成長を牽引しているのは、配電およびトランスミッションのネットワークにおいて、特に再生可能エネルギーインフラの拡大に伴い、エネルギー効率の高い変圧器に対する需要が増加していることです。方向性電磁鋼板は、その優れた磁気特性によりトランスコアに不可欠であり、エネルギー損失を大幅に削減し、送電効率を向上させます。

用途別の市場セグメンテーション

用途別にセグメント化すると、市場力学はトランス、モーター、インダクターなどのセクターによって異なります。変圧器分野は、エネルギー配給における変圧器の重要な役割と世界の電力需要の増加により、市場で最大の収益シェアを占めています。従来のエネルギー部門と再生可能エネルギー部門の両方において、効率的で信頼性の高い変圧器が求められていることが、高品質な電磁鋼板の需要を牽引しています。しかし、急成長する電気自動車（EV）産業と、さまざまな産業用および民生用途における電気モーターの使用の増加に後押しされて、モーターセクターが最も高いCAGRを記録しています。世界が電動化と自動化に向かうにつれ、効率的で高性能な電気モーターへの需要が急速に高まり、モーター用途の無方向性電磁鋼板セグメントの成長を牽引しています。電磁鋼板の多様な用途は、現代インフラの重要な構成要素であり、現在進行中の世界のエネルギー転換と産業の進歩における電磁鋼板の重要性を強調しています。

地域別の洞察

電磁鋼板市場の地理的セグメンテーションでは、様々な地域動向が顕著です。2024年には、中国とインドに牽引されたアジア太平洋地域が市場で最も高い収益を上げました。これは主に、同地域の製造業、特に自動車とエレクトロニクスが堅調であることと、再生可能エネルギーのインフラが拡大していることによるものです。これらの急速に工業化が進む経済圏では、主要な電磁鋼板メーカーが存在し、変圧器や電気モーターの需要が高いことが、この優位性に貢献しました。2025年から2033年にかけては、アジア太平洋地域が最も高い年間平均成長率（CAGR）を示すと予想されます。この成長は、工業化の進行、発電と配電への投資の増加、同地域での電気自動車市場の成長によってもたらされます。

主要企業の分析

電磁鋼板市場の主要企業間の競合動向と戦略に関して、2024年には生産能力の拡大、技術的進歩、戦略的提携に注力する企業が見られます。ArcelorMittal、Cleveland-Cliffs Corporation、JFE Steel Corporation、新日本製鐵、POSCO、Tata Steel、thyssenkrupp AGのような主要な市場企業は、高品質の方向性および無方向性電磁鋼板製品の包括的な品揃えで業界をリードしています。これらの企業は、製品の効率と性能を向上させるために研究開発に投資し、エネルギーと自動車部門の進化するニーズに対応しました。2025年から2033年の予測期間においても、主要企業は電磁鋼板の磁気特性を向上させ、変圧器やモーターなどの用途におけるエネルギー損失を削減するため、材料科学におけるイノベーションを優先していくと予想されます。競合情勢は、持続可能な生産慣行、新興市場への拡大、高性能用途で要求される厳しい品質基準への対応に重点を置くことで形成されると予想されます。この競合環境は、エネルギー効率に対する世界の需要の高まりに対応する必要性、進化する再生可能エネルギー部門がもたらす課題、先端技術用途における電磁鋼板の使用の増加によって推進されます。

目次

第1章 序文

  • レポート内容
    • レポートの目的
    • 対象者
    • 主な提供
  • 市場セグメンテーション
  • 調査手法
    • フェーズⅠ-二次調査
    • フェーズⅡ-一次調査
    • フェーズⅢ-有識者レビュー
    • 前提条件
    • 採用したアプローチ

第2章 エグゼクティブサマリー

第3章 電磁鋼板市場：競合分析

  • 主要ベンダーの市場ポジショニング
  • ベンダーが採用した戦略
  • 主要な産業戦略

第4章 電磁鋼板市場：マクロ分析と市場力学

  • イントロダクション
  • 世界の電磁鋼板市場金額、2023年～2033年
  • 市場力学
    • 市場促進要因
    • 市場抑制要因
    • 主な課題
    • 主な機会
  • 促進要因と抑制要因の影響分析
  • シーソー分析
  • ポーターのファイブフォースモデル
    • サプライヤーパワー
    • バイヤーパワー
    • 代替品の脅威
    • 新規参入業者の脅威
    • 競争企業間の敵対関係
  • PESTEL分析
    • 政治情勢
    • 経済情勢
    • 技術情勢
    • 法的情勢
    • 社会情勢

第5章 電磁鋼板市場：製品別、2023年～2033年

  • 市場概要
  • 成長・収益分析：2024年 vs 2033年
  • 市場セグメンテーション
    • 方向性電磁鋼板
    • 無方向性電磁鋼板

第6章 電磁鋼板市場：用途別、2023年～2033年

  • 市場概要
  • 成長・収益分析：2024年 vs 2033年
  • 市場セグメンテーション
    • トランス
    • モーター
    • インダクタ
    • その他

第7章 北米の電磁鋼板市場、2023年～2033年

  • 市場概要
  • 電磁鋼板市場：製品別、2023年～2033年
  • 電磁鋼板市場：用途別、2023年～2033年
  • 電磁鋼板市場：地域別、2023年～2033年
    • 北米
      • 米国
      • カナダ
      • その他北米

第8章 英国と欧州連合の電磁鋼板市場、2023年～2033年

  • 市場概要
  • 電磁鋼板市場：製品別、2023年～2033年
  • 電磁鋼板市場：用途別、2023年～2033年
  • 電磁鋼板市場：地域別、2023年～2033年
    • 英国と欧州連合
      • 英国
      • ドイツ
      • スペイン
      • イタリア
      • フランス
      • その他欧州

第9章 アジア太平洋の電磁鋼板市場、2023年～2033年

  • 市場概要
  • 電磁鋼板市場：製品別、2023年～2033年
  • 電磁鋼板市場：用途別、2023年～2033年
  • 電磁鋼板市場：地域別、2023年～2033年
    • アジア太平洋地域
      • 中国
      • 日本
      • インド
      • オーストラリア
      • 韓国
      • その他アジア太平洋

第10章 ラテンアメリカの電磁鋼板市場、2023年～2033年

  • 市場概要
  • 電磁鋼板市場：製品別、2023年～2033年
  • 電磁鋼板市場：用途別、2023年～2033年
  • 電磁鋼板市場：地域別、2023年～2033年
    • ラテンアメリカ
      • ブラジル
      • メキシコ
      • その他ラテンアメリカ

第11章 中東・アフリカの電磁鋼板市場、2023年～2033年

  • 市場概要
  • 電磁鋼板市場：製品別、2023年～2033年
  • 電磁鋼板市場：用途別、2023年～2033年
  • 電磁鋼板市場：地域別、2023年～2033年
    • 中東・アフリカ
      • GCC
      • アフリカ
      • その他中東・アフリカ

第12章 企業プロファイル

  • ArcelorMittal
  • Cleveland-Cliffs Corporation
  • JFE Steel Corporation
  • Nippon Steel Corporation
  • POSCO
  • Tata Steel
  • thyssenkrupp AG
  • その他の主要企業
図表

List of Tables

  • TABLE 1 Global Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 2 Global Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 3 North America Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 4 North America Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 5 U.S. Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 6 U.S. Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 7 Canada Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 8 Canada Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 9 Rest of North America Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 10 Rest of North America Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 11 UK and European Union Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 12 UK and European Union Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 13 UK Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 14 UK Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 15 Germany Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 16 Germany Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 17 Spain Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 18 Spain Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 19 Italy Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 20 Italy Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 21 France Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 22 France Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 23 Rest of Europe Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 24 Rest of Europe Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 25 Asia Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 26 Asia Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 27 China Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 28 China Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 29 Japan Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 30 Japan Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 31 India Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 32 India Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 33 Australia Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 34 Australia Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 35 South Korea Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 36 South Korea Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 37 Latin America Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 38 Latin America Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 39 Brazil Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 40 Brazil Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 41 Mexico Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 42 Mexico Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 43 Rest of Latin America Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 44 Rest of Latin America Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 45 Middle East and Africa Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 46 Middle East and Africa Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 47 GCC Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 48 GCC Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 49 Africa Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 50 Africa Electrical Steel Market By Application, 2023-2033, USD (Million)
  • TABLE 51 Rest of Middle East and Africa Electrical Steel Market By Product, 2023-2033, USD (Million)
  • TABLE 52 Rest of Middle East and Africa Electrical Steel Market By Application, 2023-2033, USD (Million)

List of Figures

  • FIG. 1 Global Electrical Steel Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Electrical Steel Market: Quality Assurance
  • FIG. 5 Global Electrical Steel Market, By Product, 2024
  • FIG. 6 Global Electrical Steel Market, By Application, 2024
  • FIG. 7 Global Electrical Steel Market, By Geography, 2024
  • FIG. 8 Market Geographical Opportunity Matrix - Global Electrical Steel Market, 2024
  • FIG. 9Market Positioning of Key Electrical Steel Market Players, 2024
  • FIG. 10 Global Electrical Steel Market, By Product, 2024 Vs 2033, %
  • FIG. 11 Global Electrical Steel Market, By Application, 2024 Vs 2033, %
目次
Product Code: 153-12-24

The electrical steel market encompasses the production and sale of a specific type of steel tailored primarily for the manufacture of electrical power transformers, motors, and generators. Electrical steel, also known as silicon steel or transformer steel, is a material used to construct the cores of transformers and the stators and rotors of electric motors and generators. Electrical steel market is estimated to grow at a CAGR of 4.5% from 2025 to 2033. Electrical steel is characterized by its ability to minimize energy loss during the process of magnetization and demagnetization, which occurs in electric power transformers and motors. This property is crucial for energy efficiency and operational performance in these applications. The steel is typically coated and includes a high proportion of silicon, which enhances its electrical resistance and reduces energy loss in the form of heat.

Growth in Renewable Energy and Electric Vehicles as a Market Driver

The primary driver for the electrical steel market is the global growth in renewable energy and the electric vehicle (EV) industry. Electrical steel is essential for manufacturing transformers and generators used in renewable energy systems like wind turbines and solar panels. As the world increasingly shifts towards sustainable energy sources to combat climate change, the demand for renewable energy infrastructure is rapidly expanding. This trend directly boosts the need for grain-oriented electrical steel, which is pivotal in energy transmission and distribution. Simultaneously, the burgeoning EV market propels the demand for non-grain-oriented electrical steel. This type of steel is a key component in electric motors, which are integral to EVs. With governments worldwide incentivizing EV adoption and manufacturers expanding their EV offerings, the demand for high-efficiency electric motors, and thus electrical steel, is experiencing significant growth.

Opportunity in Energy Efficiency and Technological Advancements

A significant opportunity in the electrical steel market lies in the development of higher efficiency grades and technological innovations. As energy efficiency becomes increasingly important, there is a growing demand for electrical steel with superior magnetic properties that minimize energy loss. Advancements in production processes and material science can lead to the creation of new, more efficient types of electrical steel. This development not only caters to the growing environmentally conscious market but also improves the overall performance of electrical machinery and transformers. Additionally, continued research and development in alloy composition and treatment processes present opportunities to further enhance the electrical and magnetic properties of this steel, meeting the evolving requirements of modern electrical applications.

Price Volatility of Raw Materials as a Restraint

However, the volatility in the price of raw materials, particularly silicon, acts as a major restraint. The cost of electrical steel is significantly influenced by the price of silicon, used extensively in its production. Fluctuations in silicon prices can lead to instability in electrical steel pricing, affecting profitability for manufacturers and affordability for end-users. This volatility poses a challenge for the electrical steel industry, potentially impacting investment decisions and the development of new projects in sectors like renewable energy and electric vehicle production.

Environmental Impact and Sustainability as a Challenge

One of the key challenges in the electrical steel market is addressing the environmental impact and sustainability of production processes. The manufacturing of electrical steel, particularly the incorporation of high silicon content, involves energy-intensive processes that contribute to carbon emissions. Additionally, the mining and refining of silicon and other raw materials have environmental implications. As global focus shifts towards sustainable practices, the industry faces the challenge of reducing its environmental footprint. This includes adopting cleaner production technologies, improving waste management, and potentially exploring alternative materials or processes that are more environmentally friendly. Balancing the increasing demand for electrical steel with the need for sustainable production practices is crucial for the long-term viability of the market.

Market Segmentation by Product

In the electrical steel market, segmentation by product includes Grain Oriented Electrical Steel and Non-Grain Oriented Electrical Steel. Non-grain oriented Electrical Steel currently generates the highest revenue, owing to its widespread use in various applications, including motors and inductors in the automotive and consumer electronics sectors. This type of steel is preferred for its versatility and efficiency in applications where the direction of magnetic flux is not constant. On the other hand, Grain Oriented Electrical Steel is experiencing the highest Compound Annual Growth Rate (CAGR). The growth in this segment is driven by the increasing demand for energy-efficient transformers in power distribution and transmission networks, particularly in the context of expanding renewable energy infrastructure. Grain Oriented Electrical Steel is essential for transformer cores due to its excellent magnetic properties, which significantly reduce energy loss and improve efficiency in power transmission.

Market Segmentation by Application

When segmented by application, the market dynamics vary across sectors such as Transformers, Motors, Inductors, among others. The Transformer sector represents the largest revenue share in the market due to the critical role of transformers in energy distribution and the growing global demand for electricity. The need for efficient and reliable transformers in both traditional and renewable energy sectors drives the demand for high-quality electrical steel. However, the Motor sector is witnessing the highest CAGR, propelled by the burgeoning electric vehicle (EV) industry and the increasing use of electric motors in various industrial and consumer applications. As the world moves towards electrification and automation, the demand for efficient, high-performance electric motors is rapidly rising, driving the growth in the Non-Grain Oriented Electrical Steel segment for motor applications. The diverse applications of electrical steel in essential components of modern infrastructure underscore its significance in the ongoing global energy transition and industrial advancements.

Regional Insights

In the geographic segmentation of the electrical steel market, various regional trends are noticeable. In 2024, Asia-Pacific, led by China and India, generated the highest revenue in the market. This was primarily due to the region's robust manufacturing sector, particularly in automotive and electronics, and its expanding renewable energy infrastructure. The presence of key electrical steel manufacturers and the high demand for transformers and electric motors in these rapidly industrializing economies contributed to this dominance. Looking forward from 2025 to 2033, the Asia-Pacific region is also expected to exhibit the highest Compound Annual Growth Rate (CAGR). This growth will likely be driven by ongoing industrialization, increasing investments in power generation and distribution, and the growing electric vehicle market in the region.

Analysis of Key Players

Regarding competitive trends and strategies among the top players in the Electrical Steel Market, 2024 saw companies focusing on expanding production capacities, technological advancements, and strategic partnerships. Key market players like ArcelorMittal, Cleveland-Cliffs Corporation, JFE Steel Corporation, Nippon Steel Corporation, POSCO, Tata Steel, thyssenkrupp AG led the industry with their comprehensive range of high-quality grain-oriented and non-grain-oriented electrical steel products. These companies invested in research and development to improve the efficiency and performance of their products, catering to the evolving needs of the energy and automotive sectors. For the forecast period of 2025 to 2033, top players are expected to continue prioritizing innovations in material science to enhance the magnetic properties of electrical steel, thereby reducing energy losses in applications like transformers and motors. The competitive landscape is anticipated to be shaped by a focus on sustainable production practices, expansion into emerging markets, and meeting the stringent quality standards required in high-performance applications. This competitive environment will be driven by the need to cater to the growing global demand for energy efficiency, the challenges posed by the evolving renewable energy sector, and the increasing use of electrical steel in advanced technological applications.

Historical & Forecast Period

This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Electrical Steel market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Electrical Steel market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

  • Market Segmentation
  • Product
    • Grain oriented electrical steel
    • Non-grain oriented electrical steel
  • Application
    • Transformer
    • Motor
    • Inductor
    • Other
  • Region Segment (2023-2033; US$ Million)
  • North America
  • U.S.
  • Canada
  • Rest of North America
  • UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Electrical Steel market?
  • What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2033.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Electrical Steel market?
  • Which is the largest regional market for Electrical Steel market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Electrical Steel market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Electrical Steel market worldwide?

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Electrical Steel Market
  • 2.2. Global Electrical Steel Market, By Product, 2024 (US$ Million)
  • 2.3. Global Electrical Steel Market, By Application, 2024 (US$ Million)
  • 2.4. Global Electrical Steel Market, By Geography, 2024 (US$ Million)
  • 2.5. Attractive Investment Proposition by Geography, 2024

3. Electrical Steel Market: Competitive Analysis

  • 3.1. Market Positioning of Key Electrical Steel Market Vendors
  • 3.2. Strategies Adopted by Electrical Steel Market Vendors
  • 3.3. Key Industry Strategies

4. Electrical Steel Market: Macro Analysis & Market Dynamics

  • 4.1. Introduction
  • 4.2. Global Electrical Steel Market Value, 2023 - 2033, (US$ Million)
  • 4.3. Market Dynamics
    • 4.3.1. Market Drivers
    • 4.3.2. Market Restraints
    • 4.3.3. Key Challenges
    • 4.3.4. Key Opportunities
  • 4.4. Impact Analysis of Drivers and Restraints
  • 4.5. See-Saw Analysis
  • 4.6. Porter's Five Force Model
    • 4.6.1. Supplier Power
    • 4.6.2. Buyer Power
    • 4.6.3. Threat Of Substitutes
    • 4.6.4. Threat Of New Entrants
    • 4.6.5. Competitive Rivalry
  • 4.7. PESTEL Analysis
    • 4.7.1. Political Landscape
    • 4.7.2. Economic Landscape
    • 4.7.3. Technology Landscape
    • 4.7.4. Legal Landscape
    • 4.7.5. Social Landscape

5. Electrical Steel Market: By Product, 2023-2033, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2024 Versus 2033
  • 5.3. Market Segmentation
    • 5.3.1. Grain oriented electrical steel
    • 5.3.2. Non-grain oriented electrical steel

6. Electrical Steel Market: By Application, 2023-2033, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2024 Versus 2033
  • 6.3. Market Segmentation
    • 6.3.1. Transformer
    • 6.3.2. Motor
    • 6.3.3. Inductor
    • 6.3.4. Other

7. North America Electrical Steel Market, 2023-2033, USD (Million)

  • 7.1. Market Overview
  • 7.2. Electrical Steel Market: By Product, 2023-2033, USD (Million)
  • 7.3. Electrical Steel Market: By Application, 2023-2033, USD (Million)
  • 7.4.Electrical Steel Market: By Region, 2023-2033, USD (Million)
    • 7.4.1.North America
      • 7.4.1.1. U.S.
        • 7.4.1.1.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 7.4.1.1.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 7.4.1.2. Canada
        • 7.4.1.2.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 7.4.1.2.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 7.4.1.3. Rest of North America
        • 7.4.1.3.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 7.4.1.3.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)

8. UK and European Union Electrical Steel Market, 2023-2033, USD (Million)

  • 8.1. Market Overview
  • 8.2. Electrical Steel Market: By Product, 2023-2033, USD (Million)
  • 8.3. Electrical Steel Market: By Application, 2023-2033, USD (Million)
  • 8.4.Electrical Steel Market: By Region, 2023-2033, USD (Million)
    • 8.4.1.UK and European Union
      • 8.4.1.1. UK
        • 8.4.1.1.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.1.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 8.4.1.2. Germany
        • 8.4.1.2.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.2.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 8.4.1.3. Spain
        • 8.4.1.3.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.3.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 8.4.1.4. Italy
        • 8.4.1.4.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.4.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 8.4.1.5. France
        • 8.4.1.5.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.5.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 8.4.1.6. Rest of Europe
        • 8.4.1.6.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 8.4.1.6.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)

9. Asia Pacific Electrical Steel Market, 2023-2033, USD (Million)

  • 9.1. Market Overview
  • 9.2. Electrical Steel Market: By Product, 2023-2033, USD (Million)
  • 9.3. Electrical Steel Market: By Application, 2023-2033, USD (Million)
  • 9.4.Electrical Steel Market: By Region, 2023-2033, USD (Million)
    • 9.4.1.Asia Pacific
      • 9.4.1.1. China
        • 9.4.1.1.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.1.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 9.4.1.2. Japan
        • 9.4.1.2.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.2.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 9.4.1.3. India
        • 9.4.1.3.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.3.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 9.4.1.4. Australia
        • 9.4.1.4.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.4.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 9.4.1.5. South Korea
        • 9.4.1.5.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.5.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 9.4.1.6. Rest of Asia Pacific
        • 9.4.1.6.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 9.4.1.6.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)

10. Latin America Electrical Steel Market, 2023-2033, USD (Million)

  • 10.1. Market Overview
  • 10.2. Electrical Steel Market: By Product, 2023-2033, USD (Million)
  • 10.3. Electrical Steel Market: By Application, 2023-2033, USD (Million)
  • 10.4.Electrical Steel Market: By Region, 2023-2033, USD (Million)
    • 10.4.1.Latin America
      • 10.4.1.1. Brazil
        • 10.4.1.1.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 10.4.1.1.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 10.4.1.2. Mexico
        • 10.4.1.2.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 10.4.1.2.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 10.4.1.3. Rest of Latin America
        • 10.4.1.3.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 10.4.1.3.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)

11. Middle East and Africa Electrical Steel Market, 2023-2033, USD (Million)

  • 11.1. Market Overview
  • 11.2. Electrical Steel Market: By Product, 2023-2033, USD (Million)
  • 11.3. Electrical Steel Market: By Application, 2023-2033, USD (Million)
  • 11.4.Electrical Steel Market: By Region, 2023-2033, USD (Million)
    • 11.4.1.Middle East and Africa
      • 11.4.1.1. GCC
        • 11.4.1.1.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 11.4.1.1.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 11.4.1.2. Africa
        • 11.4.1.2.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 11.4.1.2.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)
      • 11.4.1.3. Rest of Middle East and Africa
        • 11.4.1.3.1. Electrical Steel Market: By Product, 2023-2033, USD (Million)
        • 11.4.1.3.2. Electrical Steel Market: By Application, 2023-2033, USD (Million)

12. Company Profile

  • 12.1. ArcelorMittal
    • 12.1.1. Company Overview
    • 12.1.2. Financial Performance
    • 12.1.3. Product Portfolio
    • 12.1.4. Strategic Initiatives
  • 12.2. Cleveland-Cliffs Corporation
    • 12.2.1. Company Overview
    • 12.2.2. Financial Performance
    • 12.2.3. Product Portfolio
    • 12.2.4. Strategic Initiatives
  • 12.3. JFE Steel Corporation
    • 12.3.1. Company Overview
    • 12.3.2. Financial Performance
    • 12.3.3. Product Portfolio
    • 12.3.4. Strategic Initiatives
  • 12.4. Nippon Steel Corporation
    • 12.4.1. Company Overview
    • 12.4.2. Financial Performance
    • 12.4.3. Product Portfolio
    • 12.4.4. Strategic Initiatives
  • 12.5. POSCO
    • 12.5.1. Company Overview
    • 12.5.2. Financial Performance
    • 12.5.3. Product Portfolio
    • 12.5.4. Strategic Initiatives
  • 12.6. Tata Steel
    • 12.6.1. Company Overview
    • 12.6.2. Financial Performance
    • 12.6.3. Product Portfolio
    • 12.6.4. Strategic Initiatives
  • 12.7. thyssenkrupp AG
    • 12.7.1. Company Overview
    • 12.7.2. Financial Performance
    • 12.7.3. Product Portfolio
    • 12.7.4. Strategic Initiatives
  • 12.8. Other Notable Players
    • 12.8.1. Company Overview
    • 12.8.2. Financial Performance
    • 12.8.3. Product Portfolio
    • 12.8.4. Strategic Initiatives