Press release
Electrical Steel Market Set for Robust Growth Driving Efficiency and Expansion for Global Manufacturers
Electrical Steel Market
Click Here for More Information:- https://www.futuremarketinsights.com/reports/electrical-steel-market
Transforming Energy Efficiency Across Industries
Electrical steel serves a critical role in reducing energy losses in transformers, generators, and motors. Grain-oriented electrical steel (GOES) used in transformer cores has been shown to reduce global electricity transmission losses by approximately 15% by 2030. Utilities and transmission operators are increasingly deploying high-efficiency GOES cores to comply with energy performance standards, driving consistent demand for advanced materials.
In the transportation sector, non-grain-oriented electrical steel (NGOES) is gaining traction in EV traction motors due to superior magnetic permeability and efficiency at variable frequencies. Tesla reported a 20% reduction in motor core losses through advanced NGOES applications, highlighting the material's transformative potential for high-performance electric vehicles. With global EV production projected to exceed 30 million units annually by the early 2030s, manufacturers and Tier-1 suppliers are strategically sourcing electrical steel to meet evolving performance and sustainability standards.
Expanding Applications in Renewable Energy
Beyond transportation, electrical steel is critical in wind turbine generators, solar inverter cores, and hydroelectric systems. BloombergNEF forecasts that global wind capacity additions will surpass 150 GW annually by 2030, necessitating high-performance core materials that enhance load factor reliability and grid integration. As renewable energy infrastructure scales, electrical steel manufacturers are positioned to deliver specialized products that optimize energy conversion and support global decarbonization goals.
Advancements in R&D and Production
Industry players are investing heavily in research and development to create high-silicon variants, domain-refined grades, and advanced lamination coatings that reduce eddy current and hysteresis losses. Production lines are being upgraded to produce thin-gauge GOES for ultra-high-efficiency transformers required in HVDC transmission systems. These innovations help manufacturers meet both regulatory standards and rising expectations for energy efficiency.
Transformer Segment Dominates Market Demand
Transformers represent the largest application segment of the electrical steel market, accounting for 43% of global demand in 2025. Rising requirements for grid reliability, renewable energy integration, and rural electrification are driving transformer production across Asia-Pacific, the Middle East, and Latin America. Both GOES and NGOES are engineered to reduce hysteresis losses and enhance permeability, reinforcing their central role in modern power transmission.
Household Appliances: A Growing End-Use Segment
The household appliances sector is projected to account for 18% of the market in 2025, with a CAGR of 5.8% through 2035. Electrical steel enables quieter, more energy-efficient motors in washing machines, refrigerators, air conditioners, and induction cooktops. As emerging economies adopt energy-labeled appliances, manufacturers increasingly rely on optimized electrical steel grades to meet global energy-efficiency programs such as ENERGY STAR and India's BEE standards.
Strategic Country-Specific Growth
Regional growth varies across key markets. China leads with a 7.4% CAGR, fueled by EV adoption and grid modernization initiatives. South Korea's market grows at 6.7%, driven by automotive and electronics sectors, while the U.S. sees 6.3% growth supported by renewable energy investments and transformer demand. Europe's top economies, including Germany (6.1%) and France (5.5%), focus on energy efficiency, EV production, and smart grid deployment. Manufacturers targeting these regions can strategically align production and R&D investments to capitalize on local and export demand.
Competitive Landscape and Investment Insights
The electrical steel market remains highly consolidated, with Nippon Steel, POSCO, ThyssenKrupp, ArcelorMittal, and Voestalpine dominating production capacities. These companies are investing in advanced GOES and NGOES grades to serve high-voltage transformers, EV motors, and renewable energy infrastructure. Regional players, including Baosteel, Tata Steel, and Cleveland-Cliffs, are expanding capacity to meet rising domestic and global demand. Collaborations and strategic acquisitions further strengthen their competitive position, signaling a market poised for technological innovation and sustainable growth.
Get Sample Report: - https://www.futuremarketinsights.com/reports/sample/rep-gb-883
Navigating Risks and Sustainability Challenges
While growth opportunities are significant, the industry faces operational, regulatory, and price volatility risks. Raw material costs, particularly iron ore and coking coal, affect profit margins, while production complexity demands technical expertise. Trade tariffs and environmental regulations impose additional pressures, emphasizing the need for sustainable practices and ESG compliance. Companies investing in greener technology, responsible sourcing, and energy-efficient production methods not only mitigate risk but also appeal to forward-looking manufacturers and investors.
Positioning for the Future
The electrical steel market offers manufacturers a unique pathway to enhance operational efficiency, embrace energy-efficient innovations, and support the global transition toward electrification and decarbonization. With demand expanding across EVs, transformers, renewable energy, and household appliances, strategic investment in high-performance electrical steel positions manufacturers to capture growth, improve system longevity, and stay ahead of evolving regulatory and sustainability requirements.
Latest General & Advanced Materials Reports
Vapor Barriers Market
https://www.futuremarketinsights.com/reports/vapor-barriers-market
Fermentation Defoamer Market
https://www.futuremarketinsights.com/reports/fermentation-defoamer-market
Attapulgite Market
https://www.futuremarketinsights.com/reports/attapulgite-market
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analystsworldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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 Electrical Steel Market Set for Robust Growth Driving Efficiency and Expansion for Global Manufacturers here
News-ID: 4202103 • Views: …
More Releases from Future Market Insights
Germany Acid Proof Lining Market Set for Robust Growth, Driving Industrial Durab …
The Germany acid proof lining market is poised for significant growth, with projections estimating a CAGR of 5.9% from 2022 to 2032. By the end of the forecast period, the market is expected to reach a value of USD 10.72 million. Among the various segments of the coatings and linings industry, acid proof lining has emerged as one of the fastest-growing sectors, reflecting its increasing importance across multiple industrial applications.…
Ceramic Sanitary Ware Market Opportunities for Manufacturers Amid Smart and Sust …
The global ceramic sanitary ware market is on a trajectory of robust expansion, expected to grow from USD 4 billion in 2025 to USD 5.9 billion by 2035 at a CAGR of 3.8%. This growth is propelled by rapid urbanization, increasing residential and commercial construction projects, and a decisive shift toward intelligent, eco-efficient bathroom solutions. Asia Pacific and the Middle East are emerging as high-potential regions due to accelerating urban…
Ceramic Tiles Market Poised for Unprecedented Growth as Manufacturers Embrace In …
The global ceramic tiles market is entering a transformative phase, projected to reach USD 111.9 billion in 2025 and expand to USD 224.5 billion by 2035 at a CAGR of 7.2%. This growth is driven by robust demand from urban housing projects, green construction mandates, and rising renovation activities across Asia Pacific, Europe, and North America. Infrastructure megaprojects in India, China, and ASEAN countries are positioning Asia Pacific as the…
Magnesium Oxide Market Set for Strategic Growth: Industry Poised to Double by 20 …
The global magnesium oxide (MgO) market is on a trajectory for steady growth, projected to reach USD 4.6 billion in 2025 and expand to nearly USD 8.9 billion by 2035, reflecting a compound annual growth rate (CAGR) of 6.6%. This expansion is underpinned by increasing demand in iron & steel production, cement manufacturing, and glass industries, which are driving consumption of high-performance MgO products.
Click Here for More Information:- https://www.futuremarketinsights.com/reports/magnesium-oxide-market
Dead Burned…
More Releases for Electrical
Electrical Services Market Is Booming Worldwide | Housejoy, Texas Electrical Ser …
Advance Market Analytics added research publication document on Worldwide Electrical Services Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Electrical Services market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2023 which is estimated and forecasted till 2032*. Some…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
Electrical Services Market Is Dazzling Worldwide | Texas Electrical Services, CI …
HTF MI introduce new research on Global Electrical Services covering micro level of analysis by competitors and key business segments (2021E-2026F). The Global Electrical Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing. Some of the MajorKey players profiled in the…
Electrical Services Market: Future Development, Top Manufacturers, Trends, Share …
“Electrical Services Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Electrical Services Market is segmented by Regions/Countries. All the key market aspects that influence the Electrical Services market presently and will have an impact on it have been evaluated and propounded in the Electrical Services market research status and development trends reviewed in the new report.
“The final report will add the analysis of…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
