Europe Electrical Steel Market Size & Outlook, 2023-2030
Europe electrical steel market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 4,057.6 million |
| Market revenue in 2030 | USD 5,648.2 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 |
| 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, 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.
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Electrical Steel Market Scope
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 is highly focused on transformation of electrical utilities and upgradation of existing grid infrastructure which is ramping up the use of transformers and generators in coming years.
Increasing use of transformers is expected to augment the demand for electrical steel for manufacturing lamination cores of the transformers.
Hence, the digitalization of power utilities and refurbishment of transmission networks is expected to bolster the market growth in the projected period.
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Target buyers of Europe 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 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.
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Europe electrical steel market size, by country, 2018-2030 (US$M)
Europe Electrical Steel Market Outlook Share, 2023 & 2030 (US$M)
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