Asia Pacific Electrical Steel Market Size & Outlook
Asia Pacific electrical steel market, 2018-2030 (US$M)
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Asia Pacific electrical steel market highlights
- The Asia Pacific electrical steel market generated a revenue of USD 19,145.3 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, non-grain oriented was the largest revenue generating product in 2023.
- Grain Oriented is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 19,145.3 million |
| Market revenue in 2030 | USD 26,233.2 million |
| Growth rate | 4.6% (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 |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Cleveland-Cliffs Inc, JFE Holdings Inc, Nippon Steel Corp, POSCO Holdings Inc ADR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 67.1% of the global electrical steel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,766.7 million by 2030.
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Electrical Steel Market Scope
Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 70.28% in 2023. Horizon Databook has segmented the Asia Pacific electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is estimated to be the largest consumer of electrical steel during the projected period owing to a large number of steel-making companies and giant players are located in the region. The population growth.
A significant rate of urbanization, and growing focus by the governments to strengthen the infrastructure facilities in Asia Pacific are the prominent factors attributed to the growth of the market.
Growing demand for consumer appliances which includes high-power coolers, air conditioners, refrigerators, and other products drives the use of electrical steel.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electrical steel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific electrical steel market size, by country, 2018-2030 (US$M)
Asia Pacific Electrical Steel Market Outlook Share, 2023 & 2030 (US$M)
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