Global Electrical Steel Market 2024-2028

The electrical steel market is forecasted to grow by USD 24254.8 million during 2023-2028, accelerating at a CAGR of 11.29% during the forecast period. The report on the electrical steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for electrical steel in automotive industry, high applications of electrical steel in power sector, and rise in adoption of renewable energy.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	9.22%
CAGR	11.29%
Incremental Value	$24254.8 mn

Technavio's electrical steel market is segmented as below:

By Type

Grain oriented electrical steel
Non-grain oriented electrical steel

By End-user

Automobiles
Manufacturing
Energy generation

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the expansion of production capacity by vendors as one of the prime reasons driving the electrical steel market growth during the next few years. Also, increasing technological developments in global electrical steel market and increasing merger and acquisition activities will lead to sizable demand in the market.

The report on the electrical steel market covers the following areas:

Electrical steel market sizing
Electrical steel market forecast
Electrical steel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical steel market vendors that include Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW Group, Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp.. Also, the electrical steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR75920

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Electrical Steel Market 2018 - 2022
- Historic Market Size - Data Table on Global Electrical Steel Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Grain oriented electrical steel - Market size and forecast 2023-2028
- Chart on Grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
- Data Table on Grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
- Chart on Grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
- Data Table on Grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
6.4 Non-grain oriented electrical steel - Market size and forecast 2023-2028
- Chart on Non-grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
- Data Table on Non-grain oriented electrical steel - Market size and forecast 2023-2028 ($ million)
- Chart on Non-grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
- Data Table on Non-grain oriented electrical steel - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
7.3 Automobiles - Market size and forecast 2023-2028
- Chart on Automobiles - Market size and forecast 2023-2028 ($ million)
- Data Table on Automobiles - Market size and forecast 2023-2028 ($ million)
- Chart on Automobiles - Year-over-year growth 2023-2028 (%)
- Data Table on Automobiles - Year-over-year growth 2023-2028 (%)
7.4 Manufacturing - Market size and forecast 2023-2028
- Chart on Manufacturing - Market size and forecast 2023-2028 ($ million)
- Data Table on Manufacturing - Market size and forecast 2023-2028 ($ million)
- Chart on Manufacturing - Year-over-year growth 2023-2028 (%)
- Data Table on Manufacturing - Year-over-year growth 2023-2028 (%)
7.5 Energy generation - Market size and forecast 2023-2028
- Chart on Energy generation - Market size and forecast 2023-2028 ($ million)
- Data Table on Energy generation - Market size and forecast 2023-2028 ($ million)
- Chart on Energy generation - Year-over-year growth 2023-2028 (%)
- Data Table on Energy generation - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Ansteel Group Corp. Ltd.
- Ansteel Group Corp. Ltd. - Overview
- Ansteel Group Corp. Ltd. - Product / Service
- Ansteel Group Corp. Ltd. - Key offerings
12.4 ArcelorMittal
- ArcelorMittal - Overview
- ArcelorMittal - Business segments
- ArcelorMittal - Key news
- ArcelorMittal - Key offerings
- ArcelorMittal - Segment focus
12.5 China BaoWu Steel Group Corp. Ltd.
- China BaoWu Steel Group Corp. Ltd. - Overview
- China BaoWu Steel Group Corp. Ltd. - Product / Service
- China BaoWu Steel Group Corp. Ltd. - Key offerings
12.6 China Steel Corp.
- China Steel Corp. - Overview
- China Steel Corp. - Product / Service
- China Steel Corp. - Key offerings
12.7 Cleveland Cliffs Inc.
- Cleveland Cliffs Inc. - Overview
- Cleveland Cliffs Inc. - Product / Service
- Cleveland Cliffs Inc. - Key news
- Cleveland Cliffs Inc. - Key offerings
12.8 JFE Holdings Inc.
- JFE Holdings Inc. - Overview
- JFE Holdings Inc. - Business segments
- JFE Holdings Inc. - Key news
- JFE Holdings Inc. - Key offerings
- JFE Holdings Inc. - Segment focus
12.9 Nippon Steel Corp.
- Nippon Steel Corp. - Overview
- Nippon Steel Corp. - Business segments
- Nippon Steel Corp. - Key news
- Nippon Steel Corp. - Key offerings
- Nippon Steel Corp. - Segment focus
12.10 NLMK Group
- NLMK Group - Overview
- NLMK Group - Product / Service
- NLMK Group - Key offerings
12.11 Nucor Corp.
- Nucor Corp. - Overview
- Nucor Corp. - Business segments
- Nucor Corp. - Key news
- Nucor Corp. - Key offerings
- Nucor Corp. - Segment focus
12.12 POSCO holdings Inc.
- POSCO holdings Inc. - Overview
- POSCO holdings Inc. - Product / Service
- POSCO holdings Inc. - Key offerings
12.13 Steel Authority of India Ltd.
- Steel Authority of India Ltd. - Overview
- Steel Authority of India Ltd. - Product / Service
- Steel Authority of India Ltd. - Key offerings
12.14 Tata Sons Pvt. Ltd.
- Tata Sons Pvt. Ltd. - Overview
- Tata Sons Pvt. Ltd. - Product / Service
- Tata Sons Pvt. Ltd. - Key news
- Tata Sons Pvt. Ltd. - Key offerings
12.15 thyssenkrupp AG
- thyssenkrupp AG - Overview
- thyssenkrupp AG - Business segments
- thyssenkrupp AG - Key news
- thyssenkrupp AG - Key offerings
- thyssenkrupp AG - Segment focus
12.16 United States Steel Corp.
- United States Steel Corp. - Overview
- United States Steel Corp. - Business segments
- United States Steel Corp. - Key news
- United States Steel Corp. - Key offerings
- United States Steel Corp. - Segment focus
12.17 voestalpine AG
- voestalpine AG - Overview
- voestalpine AG - Business segments
- voestalpine AG - Key offerings
- voestalpine AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations