Electrical Steels Market

Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In Electrical Steels Market we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.

Electrical Steels Market contains market size and forecasts of Electrical Steels in global, including the following market information:

Global Electrical Steels Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Electrical Steels Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Electrical Steels companies in 2021 (%)

The global Electrical Steels market was valued at 26890 million in 2021 and is projected to reach US$ 31110 million by 2028, at a CAGR of 2.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Oriented Electrical Steels Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electrical Steels include Baowu Group, AK Steel, Ansteel, ArcelorMittal, Benxi Iron & Steel (Group), CSC, JFE Steel, Nippon Steel Corporation and NLMK Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Electrical Steels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electrical Steels Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Electrical Steels Market Segment Percentages, by Type, 2021 (%)

Oriented Electrical Steels

Non-Oriented Electrical Steels

Global Electrical Steels Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Electrical Steels Market Segment Percentages, by Application, 2021 (%)

Transformer

Power Generator

Electric Motor

Others

Global Electrical Steels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Electrical Steels Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Electrical Steels revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Electrical Steels revenues share in global market, 2021 (%)

Key companies Electrical Steels sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Electrical Steels sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Baowu Group

AK Steel

Ansteel

ArcelorMittal

Benxi Iron & Steel (Group)

CSC

JFE Steel

Nippon Steel Corporation

NLMK Group

Posco

Shougang Group

Stalprodukt S.A.

TATA Steel

ThyssenKrupp

TISCO

Voestalpine

Masteel

APERAM

Nucor

ATI Metals