Industry: Electronics & Semiconductor
Published Date: 2026-01-04
Pages: 107 Pages
Report ld: 5557286
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Electrical Steels Market Size(US$)

CAGR 2026-2032
2.2%
Market Size,2032
USD 32,330
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Electrical Steels market size was US$ 27820 million in 2025 and is forecast to reach a readjusted size of US$ 32330 million by 2032 with a CAGR of 2.2% during the forecast period 2026-2032.
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 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%.
The global Electrical Steels market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2021-2032.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, segment-level executive summary (by Type, by Application) and market evolution across the short, mid and long term
Chapter 2: Quantitative analysis of Electrical Steels sales and revenue at global, regional, and country levels, highlighting market size and growth potential by region
Chapter 3: Competitive landscape of Electrical Steels manufacturers (sales, revenue, pricing, market share, industry rankings, and M&A / expansion plans)
Chapter 4: by Type-based segmentation analysis (sales, revenue, pricing, and growth potential) to identify blue-ocean product segments
Chapter 5: by Application-based segmentation analysis (sales, revenue, pricing, and growth potential) to uncover high-value downstream markets
Chapter 6: Regional breakdown by company, customer, by Type and by Application (sales, revenue, and pricing for each segment)
Chapter 7: Key manufacturer profiles –company overview, Electrical Steels product descriptions and specifications, revenue, gross margins, and recent developments
Chapter 8: Industry chain analysis – upstream raw materials, manufacturing links, and downstream application sectors
Chapter 9: Sales channels and distributor analysis – routes to market and key customer interfaces
Chapter 10: Market dynamics – trends, drivers, restraints, risks for manufacturers, and the impact of relevant industry policies
Chapter 11: Key findings, main takeaways, and overall conclusions of the report.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Electrical Steels value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Electrical Steels Product Scope
1.2 Electrical Steels by Type
1.2.1 Global Electrical Steels Sales by Type (2021, 2025 & 2032)
1.2.2 Oriented Electrical Steels
1.2.3 Non-Oriented Electrical Steels
1.3 Electrical Steels by Application
1.3.1 Global Electrical Steels Sales Comparison by Application (2021, 2025 & 2032)
1.3.2 Transformer
1.3.3 Power Generator
1.3.4 Electric Motor
1.3.5 Others
1.4 Global Electrical Steels Market Estimates and Forecasts (2021-2032)
1.4.1 Global Electrical Steels Market Size (Value) and Growth Rate (2021-2032)
1.4.2 Global Electrical Steels Market Size (Volume) and Growth Rate (2021-2032)
1.4.3 Global Electrical Steels Price Trends (2021-2032)
1.5 Assumptions and Limitations
2 Market Size and Prospects by Region
2.1 Global Electrical Steels Market Size by Region: 2021 VS 2025 VS 2032
2.2 Global Electrical Steels Historical Market Scenario by Region (2021-2026)
2.2.1 Global Electrical Steels Sales Market Share by Region (2021-2026)
2.2.2 Global Electrical Steels Revenue Market Share by Region (2021-2026)
2.3 Global Electrical Steels Market Estimates and Forecasts by Region (2027-2032)
2.3.1 Global Electrical Steels Sales Estimates and Forecasts by Region (2027-2032)
2.3.2 Global Electrical Steels Revenue Forecast by Region (2027-2032)
2.4 Major Regions and Emerging Market Analysis
2.4.1 North America Electrical Steels Market Size and Prospects (2021-2032)
2.4.2 Europe Electrical Steels Market Size and Prospects (2021-2032)
2.4.3 China Electrical Steels Market Size and Prospects (2021-2032)
2.4.4 Japan Electrical Steels Market Size and Prospects (2021-2032)
2.4.5 South Korea Electrical Steels Market Size and Prospects (2021-2032)
2.4.6 India Electrical Steels Market Size and Prospects (2021-2032)
3 Global Market Size by Type
3.1 Global Electrical Steels Historical Market Review by Type (2021-2026)
3.1.1 Global Electrical Steels Sales by Type (2021-2026)
3.1.2 Global Electrical Steels Revenue by Type (2021-2026)
3.1.3 Global Electrical Steels Average Price by Type (2021-2026)
3.2 Global Electrical Steels Market Estimates and Forecasts by Type (2027-2032)
3.2.1 Global Electrical Steels Sales Forecast by Type (2027-2032)
3.2.2 Global Electrical Steels Revenue Forecast by Type (2027-2032)
3.2.3 Global Electrical Steels Price Forecast by Type (2027-2032)
3.3 Representative Players for Different Types of Electrical Steels
4 Global Market Size by Application
4.1 Global Electrical Steels Historical Market Review by Application (2021-2026)
4.1.1 Global Electrical Steels Sales by Application (2021-2026)
4.1.2 Global Electrical Steels Revenue by Application (2021-2026)
4.1.3 Global Electrical Steels Average Price by Application (2021-2026)
4.2 Global Electrical Steels Market Estimates and Forecasts by Application (2027-2032)
4.2.1 Global Electrical Steels Sales Forecast by Application (2027-2032)
4.2.2 Global Electrical Steels Revenue Forecast by Application (2027-2032)
4.2.3 Global Electrical Steels Price Forecast by Application (2027-2032)
4.3 New Sources of Growth in Electrical Steels Applications
5 Competition Landscape by Players
5.1 Global Electrical Steels Sales by Player (2021-2026)
5.2 Global Top Electrical Steels Players by Revenue (2021-2026)
5.3 Global Electrical Steels Market Share by Company Type (Tier 1, Tier 2, and Tier 3), based on Electrical Steels revenue as of 2025
5.4 Global Electrical Steels Average Price by Company (2021-2026)
5.5 Global Key Manufacturers of Electrical Steels, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Electrical Steels, Product Type & Application
5.7 Global Key Manufacturers of Electrical Steels, Date of Entry into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Regional Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Electrical Steels Sales by Company
6.1.1.1 North America Electrical Steels Sales by Company (2021-2026)
6.1.1.2 North America Electrical Steels Revenue by Company (2021-2026)
6.1.2 North America Electrical Steels Sales Breakdown by Type (2021-2026)
6.1.3 North America Electrical Steels Sales Breakdown by Application (2021-2026)
6.1.4 North America Electrical Steels Major Customers
6.1.5 North America Market Trends and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Electrical Steels Sales by Company
6.2.1.1 Europe Electrical Steels Sales by Company (2021-2026)
6.2.1.2 Europe Electrical Steels Revenue by Company (2021-2026)
6.2.2 Europe Electrical Steels Sales Breakdown by Type (2021-2026)
6.2.3 Europe Electrical Steels Sales Breakdown by Application (2021-2026)
6.2.4 Europe Electrical Steels Major Customers
6.2.5 Europe Market Trends and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Electrical Steels Sales by Company
6.3.1.1 China Electrical Steels Sales by Company (2021-2026)
6.3.1.2 China Electrical Steels Revenue by Company (2021-2026)
6.3.2 China Electrical Steels Sales Breakdown by Type (2021-2026)
6.3.3 China Electrical Steels Sales Breakdown by Application (2021-2026)
6.3.4 China Electrical Steels Major Customers
6.3.5 China Market Trends and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Electrical Steels Sales by Company
6.4.1.1 Japan Electrical Steels Sales by Company (2021-2026)
6.4.1.2 Japan Electrical Steels Revenue by Company (2021-2026)
6.4.2 Japan Electrical Steels Sales Breakdown by Type (2021-2026)
6.4.3 Japan Electrical Steels Sales Breakdown by Application (2021-2026)
6.4.4 Japan Electrical Steels Major Customers
6.4.5 Japan Market Trends and Opportunities
6.5 South Korea Market: Players, Segments, Downstream and Major Customers
6.5.1 South Korea Electrical Steels Sales by Company
6.5.1.1 South Korea Electrical Steels Sales by Company (2021-2026)
6.5.1.2 South Korea Electrical Steels Revenue by Company (2021-2026)
6.5.2 South Korea Electrical Steels Sales Breakdown by Type (2021-2026)
6.5.3 South Korea Electrical Steels Sales Breakdown by Application (2021-2026)
6.5.4 South Korea Electrical Steels Major Customers
6.5.5 South Korea Market Trends and Opportunities
6.6 India Market: Players, Segments, Downstream and Major Customers
6.6.1 India Electrical Steels Sales by Company
6.6.1.1 India Electrical Steels Sales by Company (2021-2026)
6.6.1.2 India Electrical Steels Revenue by Company (2021-2026)
6.6.2 India Electrical Steels Sales Breakdown by Type (2021-2026)
6.6.3 India Electrical Steels Sales Breakdown by Application (2021-2026)
6.6.4 India Electrical Steels Major Customers
6.6.5 India Market Trends and Opportunities
7 Company Profiles and Key Figures
7.1 Baowu Group
7.1.1 Baowu Group Company Information
7.1.2 Baowu Group Business Overview
7.1.3 Baowu Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.1.4 Baowu Group Electrical Steels Products Offered
7.1.5 Baowu Group Recent Development
7.2 AK Steel
7.2.1 AK Steel Company Information
7.2.2 AK Steel Business Overview
7.2.3 AK Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.2.4 AK Steel Electrical Steels Products Offered
7.2.5 AK Steel Recent Development
7.3 Ansteel
7.3.1 Ansteel Company Information
7.3.2 Ansteel Business Overview
7.3.3 Ansteel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.3.4 Ansteel Electrical Steels Products Offered
7.3.5 Ansteel Recent Development
7.4 ArcelorMittal
7.4.1 ArcelorMittal Company Information
7.4.2 ArcelorMittal Business Overview
7.4.3 ArcelorMittal Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.4.4 ArcelorMittal Electrical Steels Products Offered
7.4.5 ArcelorMittal Recent Development
7.5 Benxi Iron & Steel (Group)
7.5.1 Benxi Iron & Steel (Group) Company Information
7.5.2 Benxi Iron & Steel (Group) Business Overview
7.5.3 Benxi Iron & Steel (Group) Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.5.4 Benxi Iron & Steel (Group) Electrical Steels Products Offered
7.5.5 Benxi Iron & Steel (Group) Recent Development
7.6 CSC
7.6.1 CSC Company Information
7.6.2 CSC Business Overview
7.6.3 CSC Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.6.4 CSC Electrical Steels Products Offered
7.6.5 CSC Recent Development
7.7 JFE Steel
7.7.1 JFE Steel Company Information
7.7.2 JFE Steel Business Overview
7.7.3 JFE Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.7.4 JFE Steel Electrical Steels Products Offered
7.7.5 JFE Steel Recent Development
7.8 Nippon Steel Corporation
7.8.1 Nippon Steel Corporation Company Information
7.8.2 Nippon Steel Corporation Business Overview
7.8.3 Nippon Steel Corporation Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.8.4 Nippon Steel Corporation Electrical Steels Products Offered
7.8.5 Nippon Steel Corporation Recent Development
7.9 NLMK Group
7.9.1 NLMK Group Company Information
7.9.2 NLMK Group Business Overview
7.9.3 NLMK Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.9.4 NLMK Group Electrical Steels Products Offered
7.9.5 NLMK Group Recent Development
7.10 Posco
7.10.1 Posco Company Information
7.10.2 Posco Business Overview
7.10.3 Posco Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.10.4 Posco Electrical Steels Products Offered
7.10.5 Posco Recent Development
7.11 Shougang Group
7.11.1 Shougang Group Company Information
7.11.2 Shougang Group Business Overview
7.11.3 Shougang Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.11.4 Shougang Group Electrical Steels Products Offered
7.11.5 Shougang Group Recent Development
7.12 Stalprodukt S.A.
7.12.1 Stalprodukt S.A. Company Information
7.12.2 Stalprodukt S.A. Business Overview
7.12.3 Stalprodukt S.A. Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.12.4 Stalprodukt S.A. Electrical Steels Products Offered
7.12.5 Stalprodukt S.A. Recent Development
7.13 TATA Steel
7.13.1 TATA Steel Company Information
7.13.2 TATA Steel Business Overview
7.13.3 TATA Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.13.4 TATA Steel Electrical Steels Products Offered
7.13.5 TATA Steel Recent Development
7.14 ThyssenKrupp
7.14.1 ThyssenKrupp Company Information
7.14.2 ThyssenKrupp Business Overview
7.14.3 ThyssenKrupp Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.14.4 ThyssenKrupp Electrical Steels Products Offered
7.14.5 ThyssenKrupp Recent Development
7.15 TISCO
7.15.1 TISCO Company Information
7.15.2 TISCO Business Overview
7.15.3 TISCO Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.15.4 TISCO Electrical Steels Products Offered
7.15.5 TISCO Recent Development
7.16 Voestalpine
7.16.1 Voestalpine Company Information
7.16.2 Voestalpine Business Overview
7.16.3 Voestalpine Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.16.4 Voestalpine Electrical Steels Products Offered
7.16.5 Voestalpine Recent Development
7.17 Masteel
7.17.1 Masteel Company Information
7.17.2 Masteel Business Overview
7.17.3 Masteel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.17.4 Masteel Electrical Steels Products Offered
7.17.5 Masteel Recent Development
7.18 APERAM
7.18.1 APERAM Company Information
7.18.2 APERAM Business Overview
7.18.3 APERAM Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.18.4 APERAM Electrical Steels Products Offered
7.18.5 APERAM Recent Development
7.19 Nucor
7.19.1 Nucor Company Information
7.19.2 Nucor Business Overview
7.19.3 Nucor Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.19.4 Nucor Electrical Steels Products Offered
7.19.5 Nucor Recent Development
7.20 ATI Metals
7.20.1 ATI Metals Company Information
7.20.2 ATI Metals Business Overview
7.20.3 ATI Metals Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
7.20.4 ATI Metals Electrical Steels Products Offered
7.20.5 ATI Metals Recent Development
8 Electrical Steels Manufacturing Cost Analysis
8.1 Electrical Steels Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Electrical Steels
8.4 Electrical Steels Industrial Chain Analysis
9 Marketing Channels, Distributors and Customers
9.1 Marketing Channels
9.2 Electrical Steels Distributors List
9.3 Electrical Steels Customers
10 Electrical Steels Market Dynamics
10.1 Electrical Steels Industry Trends
10.2 Electrical Steels Market Drivers
10.3 Electrical Steels Market Challenges
10.4 Electrical Steels Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2024-04-16
Pages: 193
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.
Published: 2024-04-07
Pages: 127
REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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