Research Summary
Electrical steels, often referred to as silicon steels or transformer steels, are specialized steel alloys designed for their exceptional magnetic and electrical properties. These materials have a high silicon content, typically between 2% and 6%, which enhances their magnetic characteristics, including high electrical resistivity and low hysteresis loss. Electrical steels are used primarily in the construction of magnetic cores for electrical transformers, motors, and generators. These cores efficiently concentrate and direct magnetic flux while minimizing energy loss due to eddy currents and hysteresis, making electrical steels crucial for the efficient operation of electrical equipment and power distribution systems.
According to DIResearch's in-depth investigation and research, the global Electrical Steels market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of Electrical Steels include Baowu Group, AK Steel, Ansteel, ArcelorMittal, Benxi Iron & Steel (Group), CSC, JFE Steel, Nippon Steel Corporation, NLMK Group, Posco, Shougang Group, Stalprodukt S.A., TATA Steel, ThyssenKrupp, TISCO, Voestalpine, Masteel, APERAM, Nucor, ATI Metals etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Electrical Steels. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Electrical Steels market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Electrical Steels market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Electrical Steels industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Electrical Steels Include:
Baowu Group
AK Steel
Ansteel
ArcelorMittal
Benxi Iron & Steel (Group)
CSC
JFE Steel
Nippon Steel Corporation
NLMK Group
Posco
Shougang Group
Stalprodukt S.A.
TATA Steel
ThyssenKrupp
TISCO
Voestalpine
Masteel
APERAM
Nucor
ATI Metals
Electrical Steels Product Segment Include:
Oriented Electrical Steels
Non-Oriented Electrical Steels
Electrical Steels Product Application Include:
Transformer
Power Generator
Electric Motor
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global Electrical Steels Capacity and Production Analysis
Chapter 3: Global Electrical Steels Industry PESTEL Analysis
Chapter 4: Global Electrical Steels Industry Porter's Five Forces Analysis
Chapter 5: Global Electrical Steels Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis
Chapter 6: Global Electrical Steels Market Size and Forecast by Type and Application Analysis
Chapter 7: North America Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: Europe Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: China Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: APAC (Excl. China) Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Latin America Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Middle East and Africa Electrical Steels Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 13: Global Electrical Steels Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 14: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 15: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 16: Research Findings and Conclusion
Chapter 17: Methodology and Data Sources
- 1 Electrical Steels Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Electrical Steels Product by Type
- 1.2.1 Oriented Electrical Steels
- 1.2.2 Non-Oriented Electrical Steels
- 1.3 Electrical Steels Product by Application
- 1.3.1 Transformer
- 1.3.2 Power Generator
- 1.3.3 Electric Motor
- 1.3.4 Others
- 1.4 Global Electrical Steels Market Revenue and Sales Analysis
- 1.4.1 Global Electrical Steels Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Electrical Steels Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Electrical Steels Market Sales Price Trend Analysis (2020-2032)
- 1.5 Electrical Steels Industry Trends and Innovation
- 1.5.1 Electrical Steels Industry Trends and Innovation
- 1.5.2 Electrical Steels Market Drivers and Challenges
- 2 Global Electrical Steels Capacity and Production Analysis
- 2.1 Global Electrical Steels Capacity, Production and Utilization (2020-2032)
- 2.2 Global Electrical Steels Production Growth Trend by Region: 2024 VS 2025 VS 2030
- 2.3 Global Electrical Steels Production by Region
- 2.3.1 Global Electrical Steels Production by Region (2020-2025)
- 2.3.2 Global Electrical Steels Production Forecast by Region (2026-2032)
- 2.3.3 Global Electrical Steels Production Market Share by Region (2020-2032)
- 3 Electrical Steels Market PESTEL Analysis
- 3.1 Political Factors Analysis
- 3.2 Economic Factors Analysis
- 3.3 Social Factors Analysis
- 3.4 Technological Factors Analysis
- 3.5 Environmental Factors Analysis
- 3.6 Legal Factors Analysis
- 4 Electrical Steels Market Porter's Five Forces Analysis
- 4.1 Competitive Rivalry
- 4.2 Threat of New Entrants
- 4.3 Bargaining Power of Suppliers
- 4.4 Bargaining Power of Buyers
- 4.5 Threat of Substitutes
- 5 Global Electrical Steels Market Analysis by Regions
- 5.1 Electrical Steels Overall Market: 2024 VS 2025 VS 2032
- 5.2 Global Electrical Steels Revenue and Forecast Analysis (2020-2032)
- 5.2.1 Global Electrical Steels Revenue and Market Share by Region (2020-2025)
- 5.2.2 Global Electrical Steels Revenue and Market Forecast by Region (2026-2032)
- 5.3 Global Electrical Steels Sales and Forecast Analysis (2020-2032)
- 5.3.1 Global Electrical Steels Sales and Market Share by Region (2020-2025)
- 5.3.2 Global Electrical Steels Sales and Market Forecast by Region (2026-2032)
- 5.4 Global Electrical Steels Sales Price Trend Analysis (2020-2032)
- 6 Global Electrical Steels Market Size by Type and Application
- 6.1 Global Electrical Steels Market Size by Type
- 6.1.1 Global Electrical Steels Revenue and Forecast Analysis by Type (2020-2032)
- 6.1.2 Global Electrical Steels Sales and Forecast Analysis by Type (2020-2032)
- 6.2 Global Electrical Steels Market Size by Application
- 6.2.1 Global Electrical Steels Revenue and Forecast Analysis by Application (2020-2032)
- 6.2.2 Global Electrical Steels Sales and Forecast Analysis by Application (2020-2032)
- 7 North America
- 7.1 North America Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 7.2 North America Key Manufacturers Analysis
- 7.3 North America Electrical Steels Market Size by Type
- 7.3.1 North America Electrical Steels Sales by Type (2020-2032)
- 7.3.2 North America Electrical Steels Revenue by Type (2020-2032)
- 7.4 North America Electrical Steels Market Size by Application
- 7.4.1 North America Electrical Steels Sales by Application (2020-2032)
- 7.4.2 North America Electrical Steels Revenue by Application (2020-2032)
- 7.5 North America Electrical Steels Market Size by Country
- 7.5.1 US
- 7.5.2 Canada
- 8 Europe
- 8.1 Europe Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 8.2 Europe Key Manufacturers Analysis
- 8.3 Europe Electrical Steels Market Size by Type
- 8.3.1 Europe Electrical Steels Sales by Type (2020-2032)
- 8.3.2 Europe Electrical Steels Revenue by Type (2020-2032)
- 8.4 Europe Electrical Steels Market Size by Application
- 8.4.1 Europe Electrical Steels Sales by Application (2020-2032)
- 8.4.2 Europe Electrical Steels Revenue by Application (2020-2032)
- 8.5 Europe Electrical Steels Market Size by Country
- 8.5.1 Germany
- 8.5.2 France
- 8.5.3 United Kingdom
- 8.5.4 Italy
- 8.5.5 Spain
- 8.5.6 Benelux
- 9 China
- 9.1 China Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 9.2 China Key Manufacturers Analysis
- 9.3 China Electrical Steels Market Size by Type
- 9.3.1 China Electrical Steels Sales by Type (2020-2032)
- 9.3.2 China Electrical Steels Revenue by Type (2020-2032)
- 9.4 China Electrical Steels Market Size by Application
- 9.4.1 China Electrical Steels Sales by Application (2020-2032)
- 9.4.2 China Electrical Steels Revenue by Application (2020-2032)
- 10 APAC (excl. China)
- 10.1 APAC (excl. China) Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 10.2 APAC (excl. China) Key Manufacturers Analysis
- 10.3 APAC (excl. China) Electrical Steels Market Size by Type
- 10.3.1 APAC (excl. China) Electrical Steels Sales by Type (2020-2032)
- 10.3.2 APAC (excl. China) Electrical Steels Revenue by Type (2020-2032)
- 10.4 APAC (excl. China) Electrical Steels Market Size by Application
- 10.4.1 APAC (excl. China) Electrical Steels Sales by Application (2020-2032)
- 10.4.2 APAC (excl. China) Electrical Steels Revenue by Application (2020-2032)
- 10.5 APAC (excl. China) Electrical Steels Market Size by Country
- 10.5.1 Japan
- 10.5.2 South Korea
- 10.5.3 India
- 10.5.4 Australia
- 10.5.5 Southeast Asia
- 11 Latin America
- 11.1 Latin America Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 11.2 Latin America Key Manufacturers Analysis
- 1`.3 Latin America Electrical Steels Market Size by Type
- 11.3.1 Latin America Electrical Steels Sales by Type (2020-2032)
- 11.3.2 Latin America Electrical Steels Revenue by Type (2020-2032)
- 11.4 Latin America Electrical Steels Market Size by Application
- 11.4.1 Latin America Electrical Steels Sales by Application (2020-2032)
- 11.4.2 Latin America Electrical Steels Revenue by Application (2020-2032)
- 11.5 Latin America Electrical Steels Market Size by Country
- 11.6 Latin America Electrical Steels Market Size by Country
- 11.6.1 Mexico
- 11.6.2 Brazil
- 12 Middle East & Africa
- 12.1 Middle East & Africa Electrical Steels Market Size and Growth Rate Analysis (2020-2032)
- 12.2 Middle East & Africa Key Manufacturers Analysis
- 12.3 Middle East & Africa Electrical Steels Market Size by Type
- 12.3.1 Middle East & Africa Electrical Steels Sales by Type (2020-2032)
- 12.3.2 Middle East & Africa Electrical Steels Revenue by Type (2020-2032)
- 12.4 Middle East & Africa Electrical Steels Market Size by Application
- 12.4.1 Middle East & Africa Electrical Steels Sales by Application (2020-2032)
- 12.4.2 Middle East & Africa Electrical Steels Revenue by Application (2020-2032)
- 12.5 Middle East Electrical Steels Market Size by Country
- 12.5.1 Saudi Arabia
- 12.5.2 South Africa
- 13 Competition by Manufacturers
- 13.1 Global Electrical Steels Market Sales, Revenue and Price by Key Manufacturers (2021-2025)
- 13.1.1 Global Electrical Steels Market Sales by Key Manufacturers (2021-2025)
- 13.1.2 Global Electrical Steels Market Revenue by Key Manufacturers (2021-2025)
- 13.1.3 Global Electrical Steels Average Sales Price by Manufacturers (2021-2025)
- 13.2 Electrical Steels Competitive Landscape Analysis and Market Dynamic
- 13.2.1 Electrical Steels Competitive Landscape Analysis
- 13.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
- 13.2.3 Market Dynamic
- 14 Key Companies Analysis
- 14.1 Baowu Group
- 14.1.1 Baowu Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.1.2 Baowu Group Electrical Steels Product Portfolio
- 14.1.3 Baowu Group Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.2 AK Steel
- 14.2.1 AK Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.2.2 AK Steel Electrical Steels Product Portfolio
- 14.2.3 AK Steel Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.3 Ansteel
- 14.3.1 Ansteel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.3.2 Ansteel Electrical Steels Product Portfolio
- 14.3.3 Ansteel Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.4 ArcelorMittal
- 14.4.1 ArcelorMittal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.4.2 ArcelorMittal Electrical Steels Product Portfolio
- 14.4.3 ArcelorMittal Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.5 Benxi Iron & Steel (Group)
- 14.5.1 Benxi Iron & Steel (Group) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.5.2 Benxi Iron & Steel (Group) Electrical Steels Product Portfolio
- 14.5.3 Benxi Iron & Steel (Group) Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.6 CSC
- 14.6.1 CSC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.6.2 CSC Electrical Steels Product Portfolio
- 14.6.3 CSC Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.7 JFE Steel
- 14.7.1 JFE Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.7.2 JFE Steel Electrical Steels Product Portfolio
- 14.7.3 JFE Steel Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.8 Nippon Steel Corporation
- 14.8.1 Nippon Steel Corporation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.8.2 Nippon Steel Corporation Electrical Steels Product Portfolio
- 14.8.3 Nippon Steel Corporation Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.9 NLMK Group
- 14.9.1 NLMK Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.9.2 NLMK Group Electrical Steels Product Portfolio
- 14.9.3 NLMK Group Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.10 Posco
- 14.10.1 Posco Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.10.2 Posco Electrical Steels Product Portfolio
- 14.10.3 Posco Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.11 Shougang Group
- 14.11.1 Shougang Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.11.2 Shougang Group Electrical Steels Product Portfolio
- 14.11.3 Shougang Group Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.12 Stalprodukt S.A.
- 14.12.1 Stalprodukt S.A. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.12.2 Stalprodukt S.A. Electrical Steels Product Portfolio
- 14.12.3 Stalprodukt S.A. Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.13 TATA Steel
- 14.13.1 TATA Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.13.2 TATA Steel Electrical Steels Product Portfolio
- 14.13.3 TATA Steel Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.14 ThyssenKrupp
- 14.14.1 ThyssenKrupp Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.14.2 ThyssenKrupp Electrical Steels Product Portfolio
- 14.14.3 ThyssenKrupp Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.15 TISCO
- 14.15.1 TISCO Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.15.2 TISCO Electrical Steels Product Portfolio
- 14.15.3 TISCO Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.16 Voestalpine
- 14.16.1 Voestalpine Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.16.2 Voestalpine Electrical Steels Product Portfolio
- 14.16.3 Voestalpine Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.17 Masteel
- 14.17.1 Masteel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.17.2 Masteel Electrical Steels Product Portfolio
- 14.17.3 Masteel Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.18 APERAM
- 14.18.1 APERAM Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.18.2 APERAM Electrical Steels Product Portfolio
- 14.18.3 APERAM Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.19 Nucor
- 14.19.1 Nucor Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.19.2 Nucor Electrical Steels Product Portfolio
- 14.19.3 Nucor Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.20 ATI Metals
- 14.20.1 ATI Metals Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.20.2 ATI Metals Electrical Steels Product Portfolio
- 14.20.3 ATI Metals Electrical Steels Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 15 Industry Chain Analysis
- 15.1 Electrical Steels Industry Chain Analysis
- 15.2 Electrical Steels Industry Raw Material and Suppliers Analysis
- 15.2.1 Electrical Steels Key Raw Material Supply Analysis
- 15.2.2 Raw Material Suppliers and Contact Information
- 15.3 Electrical Steels Typical Downstream Customers
- 15.4 Electrical Steels Sales Channel Analysis
- 16 Research Findings and Conclusion
- 17 Methodology and Data Source
- 17.1 Methodology/Research Approach
- 17.2 Research Scope
- 17.3 Benchmarks and Assumptions
- 17.4 Date Source
- 17.4.1 Primary Sources
- 17.4.2 Secondary Sources
- 17.5 Data Cross Validation
- 17.6 Disclaimer
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