PUBLISHER: TechNavio | PRODUCT CODE: 1911190
PUBLISHER: TechNavio | PRODUCT CODE: 1911190
The global electrical steel market is forecasted to grow by USD 30862.2 mn during 2025-2030, accelerating at a CAGR of 11.8% during the forecast period. The report on the global 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, rise in adoption of renewable energy.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2026 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 10.6% |
| CAGR | 11.8% |
| Incremental Value | $30862.2 mn |
Technavio's global electrical steel market is segmented as below:
By Type
By End-User
By Application
Geography
This study identifies the expansion of premium and ultra-premium production capacity to serve ev and renewable as one of the prime reasons driving the global 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 global electrical steel market covers the following areas:
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 global electrical steel market vendors that include Aperam SA, ArcelorMittal, China Steel Corp., Cogent Power Inc., Cogne Acciai S.P.A., EVRAZ Plc, JFE Holdings Inc., LIBERTY Steel Group, Nippon Steel Corp., NLMK Group, Orient Electric Ltd., PAO Severstal, POSCO holdings Inc., Salzgitter AG, Steel Dynamics Inc., TC Metal Co., thyssenkrupp AG, United States Steel Corp.. Also, the global 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 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.