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Global Electric Steel Market Research Report 2024
Synopsis
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 this report 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.
The global Electric Steel market was valued at US$ 26130 million in 2023 and is anticipated to reach US$ 35550 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.
China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.
This report aims to provide a comprehensive presentation of the global market for Electric Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Steel.
Report Scope
The Electric Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu
ArcelorMittal
JFE Steel
Shougang
TISCO
NSSMC
NLMK Group
AK Steel
ThyssenKrupp
Ansteel
Masteel
Posco
Cogent(Tata Steel)
Voestalpine
Benxi Steel
APERAM
Nucor
ATI
Stalprodukt S.A.
CSC
Segment by Type
Carbon Steel
Alloy Steel
Others
Segment by Application
Industrial
Aerospace
Municipal Infrastructure
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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 this report 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.
The global Electric Steel market was valued at US$ 26130 million in 2023 and is anticipated to reach US$ 35550 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.
China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.
This report aims to provide a comprehensive presentation of the global market for Electric Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Steel.
Report Scope
The Electric Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu
ArcelorMittal
JFE Steel
Shougang
TISCO
NSSMC
NLMK Group
AK Steel
ThyssenKrupp
Ansteel
Masteel
Posco
Cogent(Tata Steel)
Voestalpine
Benxi Steel
APERAM
Nucor
ATI
Stalprodukt S.A.
CSC
Segment by Type
Carbon Steel
Alloy Steel
Others
Segment by Application
Industrial
Aerospace
Municipal Infrastructure
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Electric Steel Market Overview
1.1 Product Definition
1.2 Electric Steel Segment by Type
1.2.1 Global Electric Steel Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Carbon Steel
1.2.3 Alloy Steel
1.2.4 Others
1.3 Electric Steel Segment by Application
1.3.1 Global Electric Steel Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial
1.3.3 Aerospace
1.3.4 Municipal Infrastructure
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Electric Steel Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electric Steel Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electric Steel Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electric Steel Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electric Steel Production Market Share by Manufacturers (2019-2024)
2.2 Global Electric Steel Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electric Steel, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electric Steel Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electric Steel Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electric Steel, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electric Steel, Product Offered and Application
2.8 Global Key Manufacturers of Electric Steel, Date of Enter into This Industry
2.9 Electric Steel Market Competitive Situation and Trends
2.9.1 Electric Steel Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electric Steel Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electric Steel Production by Region
3.1 Global Electric Steel Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electric Steel Production Value by Region (2019-2030)
3.2.1 Global Electric Steel Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electric Steel by Region (2025-2030)
3.3 Global Electric Steel Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electric Steel Production by Region (2019-2030)
3.4.1 Global Electric Steel Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electric Steel by Region (2025-2030)
3.5 Global Electric Steel Market Price Analysis by Region (2019-2024)
3.6 Global Electric Steel Production and Value, Year-over-Year Growth
3.6.1 North America Electric Steel Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electric Steel Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electric Steel Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electric Steel Production Value Estimates and Forecasts (2019-2030)
4 Electric Steel Consumption by Region
4.1 Global Electric Steel Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Steel Consumption by Region (2019-2030)
4.2.1 Global Electric Steel Consumption by Region (2019-2024)
4.2.2 Global Electric Steel Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electric Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electric Steel Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electric Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electric Steel Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electric Steel Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electric Steel Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electric Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electric Steel Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electric Steel Production by Type (2019-2030)
5.1.1 Global Electric Steel Production by Type (2019-2024)
5.1.2 Global Electric Steel Production by Type (2025-2030)
5.1.3 Global Electric Steel Production Market Share by Type (2019-2030)
5.2 Global Electric Steel Production Value by Type (2019-2030)
5.2.1 Global Electric Steel Production Value by Type (2019-2024)
5.2.2 Global Electric Steel Production Value by Type (2025-2030)
5.2.3 Global Electric Steel Production Value Market Share by Type (2019-2030)
5.3 Global Electric Steel Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electric Steel Production by Application (2019-2030)
6.1.1 Global Electric Steel Production by Application (2019-2024)
6.1.2 Global Electric Steel Production by Application (2025-2030)
6.1.3 Global Electric Steel Production Market Share by Application (2019-2030)
6.2 Global Electric Steel Production Value by Application (2019-2030)
6.2.1 Global Electric Steel Production Value by Application (2019-2024)
6.2.2 Global Electric Steel Production Value by Application (2025-2030)
6.2.3 Global Electric Steel Production Value Market Share by Application (2019-2030)
6.3 Global Electric Steel Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Baowu
7.1.1 Baowu Electric Steel Corporation Information
7.1.2 Baowu Electric Steel Product Portfolio
7.1.3 Baowu Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Baowu Main Business and Markets Served
7.1.5 Baowu Recent Developments/Updates
7.2 ArcelorMittal
7.2.1 ArcelorMittal Electric Steel Corporation Information
7.2.2 ArcelorMittal Electric Steel Product Portfolio
7.2.3 ArcelorMittal Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ArcelorMittal Main Business and Markets Served
7.2.5 ArcelorMittal Recent Developments/Updates
7.3 JFE Steel
7.3.1 JFE Steel Electric Steel Corporation Information
7.3.2 JFE Steel Electric Steel Product Portfolio
7.3.3 JFE Steel Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.3.4 JFE Steel Main Business and Markets Served
7.3.5 JFE Steel Recent Developments/Updates
7.4 Shougang
7.4.1 Shougang Electric Steel Corporation Information
7.4.2 Shougang Electric Steel Product Portfolio
7.4.3 Shougang Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Shougang Main Business and Markets Served
7.4.5 Shougang Recent Developments/Updates
7.5 TISCO
7.5.1 TISCO Electric Steel Corporation Information
7.5.2 TISCO Electric Steel Product Portfolio
7.5.3 TISCO Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.5.4 TISCO Main Business and Markets Served
7.5.5 TISCO Recent Developments/Updates
7.6 NSSMC
7.6.1 NSSMC Electric Steel Corporation Information
7.6.2 NSSMC Electric Steel Product Portfolio
7.6.3 NSSMC Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.6.4 NSSMC Main Business and Markets Served
7.6.5 NSSMC Recent Developments/Updates
7.7 NLMK Group
7.7.1 NLMK Group Electric Steel Corporation Information
7.7.2 NLMK Group Electric Steel Product Portfolio
7.7.3 NLMK Group Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.7.4 NLMK Group Main Business and Markets Served
7.7.5 NLMK Group Recent Developments/Updates
7.8 AK Steel
7.8.1 AK Steel Electric Steel Corporation Information
7.8.2 AK Steel Electric Steel Product Portfolio
7.8.3 AK Steel Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.8.4 AK Steel Main Business and Markets Served
7.7.5 AK Steel Recent Developments/Updates
7.9 ThyssenKrupp
7.9.1 ThyssenKrupp Electric Steel Corporation Information
7.9.2 ThyssenKrupp Electric Steel Product Portfolio
7.9.3 ThyssenKrupp Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.9.4 ThyssenKrupp Main Business and Markets Served
7.9.5 ThyssenKrupp Recent Developments/Updates
7.10 Ansteel
7.10.1 Ansteel Electric Steel Corporation Information
7.10.2 Ansteel Electric Steel Product Portfolio
7.10.3 Ansteel Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Ansteel Main Business and Markets Served
7.10.5 Ansteel Recent Developments/Updates
7.11 Masteel
7.11.1 Masteel Electric Steel Corporation Information
7.11.2 Masteel Electric Steel Product Portfolio
7.11.3 Masteel Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Masteel Main Business and Markets Served
7.11.5 Masteel Recent Developments/Updates
7.12 Posco
7.12.1 Posco Electric Steel Corporation Information
7.12.2 Posco Electric Steel Product Portfolio
7.12.3 Posco Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Posco Main Business and Markets Served
7.12.5 Posco Recent Developments/Updates
7.13 Cogent(Tata Steel)
7.13.1 Cogent(Tata Steel) Electric Steel Corporation Information
7.13.2 Cogent(Tata Steel) Electric Steel Product Portfolio
7.13.3 Cogent(Tata Steel) Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Cogent(Tata Steel) Main Business and Markets Served
7.13.5 Cogent(Tata Steel) Recent Developments/Updates
7.14 Voestalpine
7.14.1 Voestalpine Electric Steel Corporation Information
7.14.2 Voestalpine Electric Steel Product Portfolio
7.14.3 Voestalpine Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Voestalpine Main Business and Markets Served
7.14.5 Voestalpine Recent Developments/Updates
7.15 Benxi Steel
7.15.1 Benxi Steel Electric Steel Corporation Information
7.15.2 Benxi Steel Electric Steel Product Portfolio
7.15.3 Benxi Steel Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Benxi Steel Main Business and Markets Served
7.15.5 Benxi Steel Recent Developments/Updates
7.16 APERAM
7.16.1 APERAM Electric Steel Corporation Information
7.16.2 APERAM Electric Steel Product Portfolio
7.16.3 APERAM Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.16.4 APERAM Main Business and Markets Served
7.16.5 APERAM Recent Developments/Updates
7.17 Nucor
7.17.1 Nucor Electric Steel Corporation Information
7.17.2 Nucor Electric Steel Product Portfolio
7.17.3 Nucor Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Nucor Main Business and Markets Served
7.17.5 Nucor Recent Developments/Updates
7.18 ATI
7.18.1 ATI Electric Steel Corporation Information
7.18.2 ATI Electric Steel Product Portfolio
7.18.3 ATI Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.18.4 ATI Main Business and Markets Served
7.18.5 ATI Recent Developments/Updates
7.19 Stalprodukt S.A.
7.19.1 Stalprodukt S.A. Electric Steel Corporation Information
7.19.2 Stalprodukt S.A. Electric Steel Product Portfolio
7.19.3 Stalprodukt S.A. Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Stalprodukt S.A. Main Business and Markets Served
7.19.5 Stalprodukt S.A. Recent Developments/Updates
7.20 CSC
7.20.1 CSC Electric Steel Corporation Information
7.20.2 CSC Electric Steel Product Portfolio
7.20.3 CSC Electric Steel Production, Value, Price and Gross Margin (2019-2024)
7.20.4 CSC Main Business and Markets Served
7.20.5 CSC Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electric Steel Industry Chain Analysis
8.2 Electric Steel Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electric Steel Production Mode & Process
8.4 Electric Steel Sales and Marketing
8.4.1 Electric Steel Sales Channels
8.4.2 Electric Steel Distributors
8.5 Electric Steel Customers
9 Electric Steel Market Dynamics
9.1 Electric Steel Industry Trends
9.2 Electric Steel Market Drivers
9.3 Electric Steel Market Challenges
9.4 Electric Steel Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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