France Electrical Steel Market Size & Outlook, 2023-2030
France electrical steel market, 2018-2030 (US$M)
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France electrical steel market highlights
- The France electrical steel market generated a revenue of USD 172.3 million in 2023 and is expected to reach USD 256.2 million by 2030.
- The France market is expected to grow at a CAGR of 5.8% 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.
Electrical steel market data book summary
| Market revenue in 2023 | USD 172.3 million |
| Market revenue in 2030 | USD 256.2 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Non-grain oriented |
| Fastest growing segment | Grain Oriented |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, France accounted for 0.6% of the global electrical steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia electrical steel market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 934.1 million by 2030.
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Electrical Steel Market Scope
Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France 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 70.57% in 2023. Horizon Databook has segmented the France electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.
France is one of the major economies in the European region. France is increasing its investment in generating power from renewable sources in its long-term energy roadmap which primarily target diversifying the country’s energy mix.
For instance, the government had planned to pump around USD 7.31 billion with a rise of 25% in renewable energy production budget. The increase in power generation through renewable energy escalates the use of generators and transformers in substations.
Which fuels the demand for transformers. Increasing investment in charging infrastructure of EVs in France is supporting the demand for EVs wherein motors are used at large scale. For example, in March 2021, the French government planned to introduce.
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Horizon Databook provides a detailed overview of country-level data and insights on the France electrical steel market , including forecasts for subscribers. This country databook contains high-level insights into France electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France electrical steel market size, by product, 2018-2030 (US$M)
France Electrical Steel Market Outlook Share, 2023 & 2030 (US$M)
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