Electrical Steel Market 2025 | Growth Drivers, Key Developments, Market Growth, Future Insights, Investment

Electrical Steel Market reached is growing at a CAGR of 7.5% during the forecast period (2024-2031).

Report also available for electrical cable market

The electrical cable market is witnessing steady growth driven by expanding power infrastructure, renewable energy projects, EV charging networks, and rapid urbanization across developed and emerging economies. Rising investments in grid modernization, smart cities, and industrial electrification are further accelerating demand for high-performance and fire-resistant cables.

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Key Development:

United States: Recent Industry Developments

✅ November 2025: U.S. steelmakers announced capacity expansions for high-grade electrical steel to support EV motor and renewable energy generator demand.

✅ October 2025: Investments were announced in advanced grain-oriented electrical steel production lines to improve transformer efficiency.

✅ September 2025: R&D collaborations accelerated development of low-loss electrical steel alloys tailored for energy-efficient electrification applications.

Japan: Recent Industry Developments

✅ November 2025: Nippon Steel unveiled high-performance non-oriented electrical steel grades optimized for traction motors in next-generation EVs.

✅ October 2025: JFE Steel advanced production techniques for ultra-thin electrical steel sheets to boost performance in compact electric devices.

✅ September 2025: Japanese manufacturers increased adoption of digital process controls to enhance consistency and reduce core losses in electrical steel production.

Key Players:

ArcelorMittal, POSCO, Nippon Steel, JFE Holdings, Tata Steel, and U.S. Steel.

Growth Forecast Projected:

The Global Electrical Steel Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Electrical Steel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: Grain Oriented Electrical Steel, Non-Grain Oriented Electrical Steel

By Application: Transformers, Motors & Generators, Inductors

By End-User: Automotive Industry, Construction Industry, Manufacturing, Domestic Appliances, Energy

Regional Analysis for Electrical Steel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Electrical Steel producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Electrical Steel revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q: What is the growth rate of the Electrical Steel Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2025 to 2033.

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