The credible North America Electrical Steel Market research report gives detailed synopsis on the study of CHEMICAL AND MATERIALS industry and its impact on the market environment. This market document provides statistics on the current state of the industry as a helpful source of assistance and direction for companies and investors interested in this market. The business report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. In addition, the worldwide CHEMICAL AND MATERIALS report also gives a view about key players, major collaborations, merger, acquisitions along with trending innovation and business policies.
Less than 0.9 w/kg segment led the electrical steel market in 2022 as crude steel production increased, resulting in less than 0.9 w/kg prevailing in the region. Given the increased construction activity in the region, which has increased demand for high-density electrical steel, the above 1.76 tesla category will dominate the electrical steel market in 2022.
The global electrical steel market was valued at USD 5,444.86 million in 2022 and is expected to reach USD 10,380.56 million by 2030, registering a CAGR of 8.40% during the forecast period of 2023-2030.
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Market Overview
Electrical steel is an alloy composed of iron and silicon. Electrical steel is also known as laminate steel or silicon steel since silicon is added to it. Electrical steel is a type of specialty steel that is generated by modifying the magnetic characteristics of regular steel under the influence of permeability. It is used, among other things, to create the cores of power transformers, generators, and inductors. The market for electrical steel is gaining pace as a result of technological advancements and the high efficiency of electrical steel. Electrical steel comes in two varieties: grain-oriented and non-grain-oriented.
Some of the major players operating in the electrical steel market are:
ArcelorMittal (Luxembourg)
POSCO (South Korea)
Voestalpine AG (Austria)
Baosteel Group (China)
NIPPON STEEL CORPORATION (Japan)
United States Steel Corporation (U.S.)
SAIL (India)
TATA Steel (India)
Thyssenkrupp AG (Germany)
JFE Steel Corporation (Japan)
E Steel Sdn.Bhd (Malaysia)
The electrical steel market is analyzed and market size insights and trends are provided by product type, applications, thickness, core losses, flux density and end user as referenced above.
The countries covered in the electrical steel market report are U.S., Canada and Mexico in North America.
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Table of Content
Chapter 1: Market overview
Chapter 2: Global North America Electrical Steel Market
Chapter 3: Regional analysis of the Global North America Electrical Steel Market industry
Chapter 4: North America Electrical Steel Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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