Global Electrical Steel Market Size & Outlook, 2023-2030
Global electrical steel market, 2018-2030 (US$M)
Related Markets
Global electrical steel market highlights
- The global electrical steel market generated a revenue of USD 28,530.9 million in 2023 and is expected to reach USD 39,556.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.8% by 2030.
- In terms of segment, non-grain oriented accounted for a revenue of USD 20,304.5 million in 2023.
- Grain Oriented is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Iran is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 28,530.9 million |
| Market revenue in 2030 | USD 39,556.0 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Non-grain oriented |
| Fastest growing segment | Grain Oriented |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Grain Oriented, Non-Grain Oriented |
Other key industry trends
- In terms of revenue, the North America accounted for 12.7% of the global electrical steel market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Iran is the fastest growing regional market and is projected to reach USD 254.5 million by 2030.
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Electrical Steel Market Scope
Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electrical steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrical steel market will help companies and investors design strategic landscapes.
Non-grain oriented was the largest segment with a revenue share of 71.17% in 2023. Horizon Databook has segmented the Global electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electrical Steel Product Outlook (Revenue, USD Million, 2018-2030)
- Grain Oriented
- Non-Grain Oriented
- Global Electrical Steel Application Outlook (Revenue, USD Million, 2018-2030)
- Transformers
- Motors
- Inductors
- Other Applications
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Target buyers of Global electrical steel market databook
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Our clientele includes a mix of electrical steel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electrical steel market , including forecasts for subscribers. This global databook contains high-level insights into Global electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global electrical steel market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electrical steel market size, 2023 (US$M)
Global electrical steel market share, by product, 2023 & 2030 (%, US$M)
Electrical steel market: Opportunity assessment by country
Global electrical steel market, by region, 2023 (US$M)
Related regional statistics
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