Latin America Electrical Steel Market Size & Outlook
Latin America electrical steel market, 2018-2030 (US$M)
Related Markets
Latin America electrical steel market highlights
- The Latin America electrical steel market generated a revenue of USD 531.2 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 531.2 million |
| Market revenue in 2030 | USD 740.3 million |
| Growth rate | 4.9% (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, Latin America region accounted for 1.9% 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 |
|---|
Latin America 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 73.61% in 2023. Horizon Databook has segmented the Latin America electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America holds potential growth opportunity for electrical steel for making the core of transformers and electric motors. An increase in renewable power generation augments the use of transformers.
Thus, significant initiatives to add 22.3 GW of wind capacity from 2021 to 2025 in Argentina, Mexico, Chile, and Colombia accelerate the use of renewable generation in the countries. Grid expansion projects fuel the demand for transformers which is anticipated to drive the electrical steel market.
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Target buyers of Latin America 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America electrical steel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America electrical steel market size, by country, 2018-2030 (US$M)
Latin America Electrical Steel Market Outlook Share, 2023 & 2030 (US$M)
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