Europe Electrical Steel Market Size & Outlook, 2023-2030

The electrical steel market in Europe is expected to reach a projected revenue of US$ 5,648.2 million by 2030. A compound annual growth rate of 4.8% is expected of Europe electrical steel market from 2024 to 2030.

Revenue, 2023 (US$M)
$4,057.6
Forecast, 2030 (US$M)
$5,648.2
CAGR, 2024 - 2030
4.8%
Report Coverage
Europe

Europe electrical steel market highlights

  • The Europe electrical steel market generated a revenue of USD 4,057.6 million in 2023.
  • The market is expected to grow at a CAGR of 4.8% 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, Turkey is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 4,057.6 million
Market revenue in 2030USD 5,648.2 million
Growth rate4.8% (CAGR from 2023 to 2030)
Largest segmentNon-grain oriented
Fastest growing segmentGrain Oriented
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGrain Oriented, Non-Grain Oriented
Key market players worldwideArcelorMittal 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, Europe region accounted for 14.2% 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Electrical Steel Market Companies

Name Profile # Employees HQ Website

Europe 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 73% in 2023. Horizon Databook has segmented the Europe electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Electrical Steel Product Outlook (Revenue, USD Million, 2018-2030)
    • Grain Oriented
    • Non-Grain Oriented
  • Europe Electrical Steel Application Outlook (Revenue, USD Million, 2018-2030)
    • Transformers
    • Motors
    • Inductors
    • Other Applications

Reasons to subscribe to Europe electrical steel market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe electrical steel market databook

  • Our clientele includes a mix of electrical steel market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Europe electrical steel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Europe electrical steel market outlook size, by country, 2018-2030 (US$M)

Europe Electrical Steel Market Outlook Share, 2023 & 2030 (US$M)

Europe electrical steel market outlook size, by country, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more