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.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7457
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
Check out More Related Studies Published by Fact.MR:
Iodine Market
https://www.factmr.com/report/iodine-market
High Purity Aluminium Market
https://www.factmr.com/report/625/high-purity-aluminium-market
Polymer Seal Industry Analysis in Europe
https://www.factmr.com/report/polymer-seal-industry-analysis-in-europe
Polymer Seals Market
https://www.factmr.com/report/586/polymer-seals-market
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Electrical Steel Market to Rise at CAGR of 10.3% to Reach US$ 21.1 Billion by 2035: Fact.MR Study here
News-ID: 4096888 • Views: …
More Releases from Fact.MR
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding…
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners…
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering…
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance…
More Releases for Europe
2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group …
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends
Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surging…
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey …
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business.
A new report as a Digital Strategy Consulting market that includes a comprehensive analysis…
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain …
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• McKinsey
• The Boston Consulting Group
• Bain & Company
• Booz & Co.
• Roland Berger Europe
• Oliver Wyman Europe
• A.T. Kearney Europe
• Deloitte
• Accenture Europe
Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB
Market segment by Type, the product can be split into
• Operations Consultants
• Business Strategy Consultants
• Investment Consultants
• Sales and…
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, …
Orbis Research Present’s “Global Strategy Consulting Market” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage.
The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China.
In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach million…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…
