Electrical Steel Market Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2017 - 2025

Jul 2018| TMR738A| Transparency

Report Highlights

Electrical Steel Market - Overview
Electrical steel is used in high-power consumer appliances such as air conditioners, refrigerators, and high-power coolers. Consumer appliance manufacturers are focusing on using electrical steel that is environment-friendly (less heat losses) instead of regular steel. This helps them save around 15% to 30% of energy. Electronic components made from electrical steel that are used in consumer appliances include compressor motors and relays. These appliances are installed in cabins, confined spaces, or rooms; therefore, they are ideally required to be compact owing to space constraints. Hence, electrical steel used in compressor motors, relays, switches, etc. enables consumer appliance manufacturers to lower product size and also offer products with reduced noise output vis-à-vis those appliances that are manufactured with components made from regular steel.

Recently, amendments were carried out in trade policies of the global electrical steel market. These amendments were at regional and global level and were implemented for the ease of trade between nations and for their own regional business prospects. Amendments included setting up a minimum price for the import of particular grade of electrical steel from particular regions/countries. The anti-dumping duties were modified in order to avoid the oversupply of electrical steel in some markets. There were changes in legislatures such as advancements of free trade agreements (FTA) and negotiations with transpacific partnerships. Furthermore, the European Union decided to set a minimum price for the import of a particular-grade electrical steel from Japan, China, South Korea, Russia, and the U.S. Government initiatives as well as liberalization of policies are expected to offer lucrative opportunities to electrical steel companies. According to Canacero, a steel association, steel exports are falling in Mexico. Exports dropped 25% in January-July 2015. Some economic risks identified by Mizuno (Malaysia’s Steel Association) can affect the global electrical steel market. They include high unemployment in developed markets, slowdown in developed markets and China, and financial issues in Europe.

This report analyzes and forecasts the electrical steel market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (kilo tons) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global electrical steel market. It also covers impact of these drivers and restraints on demand for electrical steel during the forecast period. The report also highlights opportunities in the electrical steel market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global electrical steel market. Porter’s Five Forces model for the electrical steel market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein products and application are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global electrical steel market by segmenting it in terms of type, application, end-user industry, and region. In terms of type, the electrical steel market has been classified into grain oriented and non-grain oriented. Based on application, the electrical steel market can be divided into transformer, inductor, motor (rotor, stator, and others), and others. In terms of end-user industry, the global electrical steel market can be segregated into automotive, manufacturing, energy, household appliances, and others. Regional segmentation includes current and forecast demand for electrical steel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual size of the electrical steel market for 2017 and estimated size for 2018 with forecast for the next eight years. The global electrical steel market has been provided in terms of revenue. Market numbers have been estimated based on type, transport, application, and end-user industry of the electrical steel market. Market revenue and volume size have been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global electrical steel market. Key players operating in the electrical steel market include Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, Shandong Iron and Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc., ArcelorMittal, AnSteel Group Corporation, BaoSteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporation, Jindal Steel and Power Limited, and HBIS Group. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global electrical steel market has been segmented as follows:

Electrical Steel Market, by Type
Grain Oriented
Non-grain Oriented

Electrical Steel Market, by Application
Transformer
Inductor
Motor
Rotor
Stator
Others
Others

Electrical Steel Market, by End-user Industry
Automotive
Manufacturing
Energy
Household Appliances
Others

Electrical Steel Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa

Key Takeaways
Currently, Asia Pacific is a leading consumer as well as producer of electrical steel in terms of revenue and volume. This is ascribed primarily to the rise in urbanization and industrialization in developing economies such as China and India. The surplus of steel is significantly high due to overcapacity. This has led to closure of various steel mills in China. This is expected to impact the global supply as well as demand for electrical steel and counterparts.
The prices of steel plates, rebars, cold-rolled coils, and hot rolled coils have been rising across the globe. This trend is likely to continue in the near future.

  • Table 1 : List of Key Manufacturers, Formulators, Component Manufacturers, and Customers
  • Table 2 : Global Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 3 : Global Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 4 : Global Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 5 : Global Electrical Steel Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Region, 2017–2026
  • Table 6 : North America Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 7 : North America Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 8 : North America Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 9 : North America Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Country, 2017-2026
  • Table 10 : U.S. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 11 : U.S. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 12 : U.S. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 13 : Canada Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 14 : Canada Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 15 : Canada Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 16 : Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Application, 2017–2026
  • Table 17 : Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Type, 2017–2026
  • Table 18 : Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 19 : Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Country/Sub-region, 2016-2025
  • Table 20 : Brazil Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Application, 2017–2026
  • Table 21 : Brazil Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Type, 2017–2026
  • Table 22 : Brazil Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 23 : Mexico Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Application, 2017–2026
  • Table 24 : Mexico Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Type, 2017–2026
  • Table 25 : Mexico Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 26 : Rest of Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Application, 2017–2026
  • Table 27 : Rest of Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by Type, 2017–2026
  • Table 28 : Rest of Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 29 : Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 30 : Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 31 : Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 32 : Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Country/Sub-region, 2017-2026
  • Table 33 : Germany Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 34 : Germany Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 35 : Germany Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 36 : U.K. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 37 : U.K. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 38 : U.K. Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 39 : France Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 40 : France Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 41 : France Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 42 : Spain Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 43 : Spain Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 44 : Spain Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 45 : Italy Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 46 : Italy Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 47 : Italy Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 48 : Russia & CIS Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 49 : Russia & CIS Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 50 : Russia & CIS Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 51 : Rest of Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 52 : Rest of Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 53 : Rest of Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 54 : Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 55 : Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 56 : Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 57 : Asia Pacific Electrical Steel Market Size (Kilo Tons &US$ Mn) Forecast, by Country/Sub-region, 2017-2026
  • Table 58 : China Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 59 : China Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 60 : China Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 61 : India Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 62 : India Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 63 : India Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 64 : Japan Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 65 : Japan Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 66 : Japan Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 67 : ASEAN Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 68 : ASEAN Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 69 : ASEAN Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 70 : Rest of Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017-2026
  • Table 71 : Rest of Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017-2026
  • Table 72 : Rest of Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017-2026
  • Table 73 : Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017–2026
  • Table 74 : Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017–2026
  • Table 75 : Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 76 : Middle East & Africa Electrical Steel Market Size (Kilo Tons &US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 77 : GCC Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017–2026
  • Table 78 : GCC Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017–2026
  • Table 79 : GCC Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 80 : South Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017–2026
  • Table 81 : South Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017–2026
  • Table 82 : South Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 83 : Rest of Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Application, 2017–2026
  • Table 84 : Rest of Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by Type, 2017–2026
  • Table 85 : Rest of Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 86 : Comparison Matrix - Type
  • Table 87 : Comparison Matrix - Application
  • Table 88 : Comparison Matrix - End-user Industry
  • Figure 1 : Global Electrical Steel Market Size, by Market Value (US$ Mn) Share and Region, 2017
  • Figure 2 : Global Electrical Steel Market Size (US$ Mn & Kilo Tons) Forecast, 2017–2026
  • Figure 3 : Global Electrical Steel Production Capacity, by Region
  • Figure 4 : Global Electrical Steel Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 5 : Global Electrical Steel Market Attractiveness Analysis, by Application
  • Figure 6 : Global Electrical Steel Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 7 : Global Electrical Steel Market Attractiveness Analysis, by Type
  • Figure 8 : Global Electrical Steel Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 9 : Global Electrical Steel Market Attractiveness Analysis, by End-user Industry
  • Figure 10 : Global Electrical Steel Market Value Share, by Region, 2017 and 2026
  • Figure 11 : Global Electrical Steel Market Attractiveness, by Region
  • Figure 12 : North America Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, 2017–2026
  • Figure 13 : North America Electrical Steel Market Value Share (US$ Mn) Analysis, by Type, 2017 and 2026
  • Figure 14 : North America Electrical Steel Market Value Share (US$ Mn) Analysis, by Application, 2017 and 2026
  • Figure 15 : North America Electrical Steel Market Value Share (US$ Mn) Analysis, by End-user Industry, 2017 and 2026
  • Figure 16 : North America Market Value Share (US$ Mn) Analysis, by Country, 2017 and 2026
  • Figure 17 : Latin America Electrical Steel Market Volume (Kilo Tons) and Size (US$ Mn) Forecast, 2017–2026
  • Figure 18 : Latin America Electrical Steel Market Value Share, by Type, 2017 and 2026
  • Figure 19 : Latin America Electrical Steel Market Value Share, by Application, 2017 and 2026
  • Figure 20 : Latin America Electrical Steel Market Value Share, by End-user Industry, 2017 and 2026
  • Figure 21 : Latin America Electrical Steel Market Value Share, by Country/Sub-region, 2017 and 2026
  • Figure 22 : Europe Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, 2017–2026
  • Figure 23 : Europe Electrical Steel Market Value Share (US$ Mn) Analysis, by Type, 2017 and 2026
  • Figure 24 : Europe Electrical Steel Market Value Share (US$ Mn) Analysis, by Application, 2017 and 2026
  • Figure 25 : Europe Electrical Steel Market Value Share (US$ Mn) Analysis, by End-user Industry, 2017 and 2026
  • Figure 26 : Europe Market Value Share (US$ Mn) Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 27 : Asia Pacific Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, 2017–2026
  • Figure 28 : Asia Pacific Electrical Steel Market Value Share (US$ Mn) Analysis, by Type, 2017 and 2026
  • Figure 29 : Asia Pacific Electrical Steel Market Value Share (US$ Mn) Analysis, by Application, 2017 and 2026
  • Figure 30 : Asia Pacific Electrical Steel Market Value Share (US$ Mn) Analysis, by End-user Industry, 2017 and 2026
  • Figure 31 : Asia Pacific Market Value Share (US$ Mn) Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 32 : Middle East & Africa Electrical Steel Market Size (Kilo Tons & US$ Mn) Forecast, 2017–2026
  • Figure 33 : Middle East & Africa Electrical Steel Market Value Share (US$ Mn) Analysis, by Type, 2017 and 2026
  • Figure 34 : Middle East & Africa Electrical Steel Market Value Share (US$ Mn) Analysis, by Application, 2017 and 2026
  • Figure 35 : Middle East & Africa Electrical Steel Market Value Share (US$ Mn) Analysis, by End-user Industry, 2017 and 2026
  • Figure 36 : Middle East & Africa Market Value Share (US$ Mn) Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 37 : Global Electrical Steel Market Share Analysis, by Company, 2017

Leaders in analytics, research and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a prominent provider of a cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who had a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

Transparency
Price: $5795

Become a Member

Already a member? Login here.

Have a Question? Ask Us.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
Custom Research

Need a custom data table, graph or complete report? Tell us more.

RELATED REPORTS