Press release
Europe Electrical Steel Market to Rise at CAGR of 10.3% to Reach US$ 21.1 Billion by 2035: Fact.MR Study
Europe Electrical Steel Market
The increasing adoption of both grain-oriented and non-grain-oriented electrical steel in applications such as power transformers, EV motors, and smart grid components underscores Europe's commitment to electrification and carbon neutrality. Key markets like Germany, France, and the Netherlands are leading this transformation through strategic investments in clean energy infrastructure and the scaling of EV manufacturing.
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Drivers of Demand
1. Electrification & EV Adoption: Accelerating EV production and EV motor manufacturing are significantly boosting demand for non-grain-oriented steel in Europe.
2. Power Grid Modernization & Smart Grids: Upgrades to transformer-intensive smart grid infrastructure are driving widespread demand for grain-oriented steel.
3. Renewable Energy Integration: Growth in renewable installations, like wind and solar farms, requires efficient transformers and motors-fueling electrical steel demand.
4. Technological & Product Innovation: Manufacturers are increasing silicon content, applying advanced coatings, and exploring alternative materials (e.g., amorphous steel) to reduce core loss and improve energy performance.
Challenges
1. Raw Material Volatility: Prices of iron ore, silicon, and coatings remain unstable.
2. Emerging Alternatives: Competing materials like amorphous and nanocrystalline alloys offer lower losses, posing a competitive threat.
3. Energy & Emissions Pressure: European steelmakers face high energy costs and stricter emissions targets-requiring shift to electric arc furnaces.
Country Trends in the Europe Electrical Steel Market
The European electrical steel market showcases diverse growth patterns across major economies, influenced by national electrification strategies, industrial development, and energy infrastructure upgrades.
Germany remains the front-runner, fueled by its strong automotive base and aggressive push toward electric mobility. Leading OEMs such as Volkswagen, BMW, and Mercedes-Benz are scaling up electric vehicle production, driving significant demand for non-grain-oriented (NGO) electrical steel, essential for high-performance EV motors. Simultaneously, Germany's ongoing Energiewende initiative is accelerating investment in power grid modernization and renewable energy infrastructure, leading to increased use of grain-oriented (GO) electrical steel in transformers and distribution systems.
France is witnessing consistent growth, anchored by its well-established power generation sector and national plans for transmission network upgrades. With a strong focus on expanding nuclear and renewable energy capacity, the country's need for reliable and efficient transformer cores continues to grow. This is driving demand for GO electrical steel, particularly in high-performance applications across the energy sector and electric machinery manufacturing.
Competitive Analysis
Europe's electrical steel market is defined by a strong presence of leading manufacturers and specialized players, all responding to surging demand from electric vehicles, renewable energy systems, and industrial electrification.
ArcelorMittal holds a dominant position, particularly after expanding its capacity in France to serve EV and machinery segments. Thyssenkrupp AG remains a key supplier, offering a wide portfolio of electrical steel grades tailored to both automotive and power grid applications.
Other major players like NLMK, Voestalpine, and Aperam provide advanced grain-oriented (GO) and non-grain-oriented (NGO) steels used in transformers, motors, and automation technologies. Cogent Power (a Tata Steel subsidiary) plays a crucial role in grid modernization projects, while regional suppliers such as Acciaieria Arvedi, SMS Group, and Severstal address country-specific demands and customization needs.
Together, these companies are central to Europe's push toward electrification, energy efficiency, and net-zero emissions.
Recent Developments
ArcelorMittal (2024) launched a state-of-the-art electrical steel production unit in Mardyck, France, tripling local output capacity and creating over 100 jobs. The €300 million facility targets EV motors and industrial machinery, enhancing ArcelorMittal's presence alongside its Saint-Chély site.
Thyssenkrupp Steel (2025) introduced its new Bluemint® Powercore GO electrical steel at CWIEME Berlin, featuring up to 50% lower CO2 emissions. This eco-optimized steel is designed for axial-flux motors, transformers, and other high-efficiency applications.
Browse Full Report: https://www.factmr.com/report/europe-electrical-steel-market
Segmentation of the Europe Electrical Steel Market
By Product Type :
Grain-Oriented Electrical Steel
Non-Grain-Oriented Electrical Steel
Fully-Processed
Semi-Processed
By Application :
Inductors
Transformers
Transmission
Portable
Distribution
Motors
1hp - 100hp
101hp - 200hp
201hp - 500hp
501hp - 1000hp
Above 1000hp
By End-use Industry :
Automotive
Manufacturing
Energy
Household Appliances
Others (Construction, Fabrication)
By Countries :
Germany
Italy
France
Spain
UK
Russia
BENELUX
Rest of Europe
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