Italy Electrical Steel Market Size & Outlook, 2023-2030

The electrical steel market in Italy is expected to reach a projected revenue of US$ 692.9 million by 2030. A compound annual growth rate of 7% is expected of Italy electrical steel market from 2024 to 2030.
Revenue, 2023 (US$M)
$431.9
Forecast, 2030 (US$M)
$692.9
CAGR, 2024 - 2030
7%
Report Coverage
Italy

Italy electrical steel market highlights

  • The Italy electrical steel market generated a revenue of USD 431.9 million in 2023 and is expected to reach USD 692.9 million by 2030.
  • The Italy market is expected to grow at a CAGR of 7% 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 2023USD 431.9 million
Market revenue in 2030USD 692.9 million
Growth rate7% (CAGR from 2023 to 2030)
Largest segmentNon-grain oriented
Fastest growing segmentGrain Oriented
Historical data2018 - 2022
Base year2023
Forecast period2024 - 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, Italy accounted for 1.5% 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 Companies

Name Profile # Employees HQ Website

Italy 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 71.61% in 2023. Horizon Databook has segmented the Italy electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.


The trending investment in EVs in Italy is propelling the use of electrical steel in manufacturing motors. For instance, in Italy, in year 2021 Italy's automotive market has shown very positive growth compared to last year. 

For instance, Fiat reported a growth of 844.9% followed by Volkswagen in second place, increasing sales by 491.1%. Thus, the growing sale of the automotive industry increases the use of raw materials which in turn is anticipated to drive the demand for electrical steel in the forthcoming years.

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Target buyers of Italy electrical steel market databook

  • Our clientele includes a mix of electrical steel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy electrical steel market , including forecasts for subscribers. This country databook contains high-level insights into Italy electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Italy electrical steel market size, by product, 2018-2030 (US$M)

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

Italy electrical steel market size, by product, 2018-2030 (US$M)

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