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Electrical Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global electrical steel market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Electrical steel, or lamination steel, is a soft ferromagnetic material consisting of varying amounts of iron and silicon. It is commonly available in non-oriented fully processed, non-oriented semi-processed and grain-oriented variants. Electrical steel is usually cast or melted in oxygen furnaces, hot rolled for removing impurities and cooled down into the desired shape and thickness. It is further processed to customize the existing magnetic properties of steel and combined silicon for higher permeability, lower magnetostriction and minimal power loss during alternating magnetism force. As a result, electric steel is widely used in power generators, electric motors, small relay transformers, solenoids, inductors and batteries.

Electrical Steel Market Trends:

The increasing demand for electric motors across various residential, commercial and industrial sectors is one of the key factors driving the growth of the market. Electrical steel is widely used in the manufacturing of motors with stronger magnetic flux and torque and power generators for enhanced electromagnetic properties and minimal emissions of carbon dioxide. Moreover, the widespread adoption of hybrid and electric (H/EVs) is providing a thrust to the market growth. Electric steel is used for reducing the weight of automotive components and enhancing aesthetics and safety. In line with this, the increasing demand for electrical steel for the transmission of power over long distances and infrastructural development activities with minimal energy losses is also contributing to the growth of the market. Additionally, various product innovations, such as the development of non-grain oriented electrical steel with homogeneous magnetic properties, are acting as other growth-inducing factors. It is widely used in rotating machines, electric motors, commercial power generators and consumer electronics. Other factors, including significant growth in the energy and power industries, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electrical steel market, along with forecasts at the global, regional and country level from 2021-2026. 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
     

Breakup by Application:

  • Transformers
  • Motors
  • Generators
  • Others
     

Breakup by End Use Industry:

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

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Voestalpine AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Voestalpine AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global electrical steel market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global electrical steel market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global electrical steel market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2015-2020
Figure 3: Global: Electrical Steel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Electrical Steel Market: Breakup by Type (in %), 2020
Figure 5: Global: Electrical Steel Market: Breakup by Application (in %), 2020
Figure 6: Global: Electrical Steel Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Electrical Steel Market: Breakup by Region (in %), 2020
Figure 8: Global: Electrical Steel (Grain Oriented Electrical Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Electrical Steel (Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Electrical Steel (Non-Grain Oriented Electrical Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Electrical Steel (Transformers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Electrical Steel (Transformers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Electrical Steel (Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Electrical Steel (Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Electrical Steel (Generators) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Electrical Steel (Generators) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Electrical Steel (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Electrical Steel (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Electrical Steel (Energy and Power) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Electrical Steel (Energy and Power) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Electrical Steel (Automobiles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Electrical Steel (Automobiles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Electrical Steel (Household Appliances) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Electrical Steel (Household Appliances) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Electrical Steel (Building and Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Electrical Steel (Building and Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Electrical Steel (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Electrical Steel (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia-Pacific: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Electrical Steel Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Electrical Steel Market: Breakup by Country (in %), 2020
Figure 78: Middle East and Africa: Electrical Steel Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Electrical Steel Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Electrical Steel Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Electrical Steel Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Electrical Steel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Electrical Steel Market: Competitive Structure
Table 7: Global: Electrical Steel Market: Key Players

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