Press release
Electrical Steel Market to Reach US$ 109.9 billion by 2035., Emerging Opportunities Across USA, Japan & MENA Markets
Electrical Steel Market Size 2026-2035
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United States: Recent Industry Developments
✅ June 2026: Cleveland-Cliffs expanded electrical steel production capabilities in North America to support rising demand from electric vehicles, transformers, and energy infrastructure applications.
✅ April 2026: Nucor Corporation advanced investments in electrical steel manufacturing to strengthen domestic supply for high-efficiency motors and power equipment.
✅ February 2026: U.S. Steel enhanced production capabilities for grain-oriented electrical steel (GOES) to meet growing demand from grid modernization and renewable energy projects.
✅ January 2026: AK Steel (Cleveland-Cliffs subsidiary) strengthened development of advanced electrical steel grades for automotive electrification and industrial motor applications.
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Top Investing Companies (2026):
ThyssenKrupp AG, POSCO, ArcelorMittal, NIPPON STEEL CORPORATION., JFE Steel Corporation, Tata Steel, Voestalpine Stahl GmbH, United States Steel Corporation, Cleveland-Cliffs Inc., Shougang, JSW Steel
Key Strategic Forecasting in 2026:
The Global Electrical Steel Market is projected to experience strong growth throughout the 2026-2033. In 2025, the market is expected to unlock significant opportunities across the value chain as organizations prioritize operational efficiency, asset reliability, and cost optimization. The latest market outlook provides comprehensive insights into emerging trends, competitive developments, investment opportunities, and evolving business strategies, equipping organizations with the intelligence needed to identify new revenue streams, strengthen market positioning, and make confident long-term strategic Investment in the rapidly evolving Electrical Steel industry.
Key Investment Developments 2026:
• June 2026: thyssenkrupp Steel expanded its focus on advanced electrical steel solutions to support rising demand from electric vehicles, renewable energy systems, and high-efficiency transformers, strengthening its position in the energy transition market.
• April 2026: POSCO increased investments in high-performance electrical steel production capabilities to meet growing demand for non-oriented electrical steel used in EV motors and energy-efficient electrical equipment.
• March 2026: Nippon Steel Corporation advanced its electrical steel business through technology improvements aimed at enhancing magnetic properties and supporting next-generation automotive and power infrastructure applications.
• January 2026: ArcelorMittal strengthened its advanced steel portfolio with a focus on value-added steel products, including electrical steel solutions designed for automotive electrification and renewable energy applications.
How Our Market Research Process Works:
The Global Electrical Steel Market report delivers strategic insights into market trends, competitive dynamics, investment opportunities, regulatory developments, and emerging technologies. Backed by comprehensive primary and secondary research, it equips organizations with actionable intelligence to identify growth opportunities, manage market risks, and make confident business decisions in an evolving industry.
Growing M&A/partnerships 2026:
• June 2026: Hammond Power Solutions completed the acquisition of AEG Power Solutions to expand its power conversion and electrical infrastructure capabilities.
• May 2026: Jindal Steel and thyssenkrupp ended discussions related to the potential sale of thyssenkrupp's steel business.
• May 2026: Flex completed the acquisition of Electrical Power Products to strengthen its critical power and electrical solutions portfolio.
• January 2026: JSW Steel and JFE Steel expanded their electrical steel presence through the acquisition of thyssenkrupp Electrical Steel India, strengthening grain-oriented electrical steel production capabilities.
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Japan: Recent Industry Developments
✅ June 2026: Nippon Steel Corporation expanded research and production capabilities for high-grade electrical steel used in EV motors and energy-efficient transformers.
✅ April 2026: JFE Steel Corporation increased focus on ultra-thin electrical steel sheets to support next-generation electric motors and renewable energy systems.
✅ February 2026: Proterial, Ltd. advanced development of high-performance electrical steel materials for automotive and power transmission applications.
✅ January 2026: Mitsubishi Materials Corporation strengthened material technology initiatives supporting electrical steel demand across electronics, EV, and industrial equipment sectors.
Major Strategic Segmentation Opportunities 2026:
By Material Type: Grain-Oriented, Non-Grain-Oriented
By Silicon Content: Low Silicon ( less than2%), Medium Silicon (2-3%), High Silicon (3-6.5%)
By Product Form: Sheets, Coils, Strips, Others
By Manufacturing Technology: Cold Rolled, Hot Rolled
By Power Rating: Low Power ( less than1 kW), Medium Power (1 kW - 100 kW), High Power (greater than100 kW)
By Thickness: Thick gauge ( greater than0.5 mm), Medium gauge (0.3-0.5 mm), Thin gauge (0.2-0.3 mm), Ultra-thin ( less than 0.2 mm)
By Application: Transformers, Motors, Generators, Inductors & Reactors
By End-User: Energy & Power, Automotive, Industrial Manufacturing, Household Appliances, Construction & Infrastructure
Regional Growth for Market:
⇥ North America - Leading market supported by strong demand for energy-efficient transformers, grid modernization initiatives, electric vehicle infrastructure expansion, and investments in renewable power generation requiring high-performance electrical steel materials.
⇥ Europe - Driven by stringent energy efficiency regulations, increasing adoption of renewable energy systems, smart grid development, and the replacement of aging electrical infrastructure with advanced transformer technologies.
⇥ Asia-Pacific - Expanding rapidly due to rising electricity consumption, large-scale power transmission projects, industrial growth, EV manufacturing expansion, and increasing investments in renewable energy infrastructure.
⇥ Middle East & Africa - Growing demand supported by power generation capacity expansion, grid development projects, industrial electrification, and investments in energy infrastructure requiring efficient electrical components.
⇥ Latin America - Gradual growth fueled by grid modernization programs, renewable energy integration, industrial development, and increasing demand for efficient power transmission and distribution systems.
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Global Market Drivers 2026:
⇥ Rising Demand for Electric Vehicles (EVs) - Increasing EV production is driving the need for high-performance electrical steel used in motors, improving efficiency and reducing energy losses.
⇥ Growth in Renewable Energy Infrastructure - Expansion of wind turbines, solar power systems, and smart grids is boosting demand for electrical steel in transformers and power equipment.
⇥ Increasing Power Transmission & Distribution Investments - Modernization of aging grids and rising electricity consumption are accelerating the adoption of energy-efficient transformers and electrical components.
⇥ Advancements in Energy-Efficient Steel Technologies - Development of grain-oriented and non-grain-oriented electrical steel with improved magnetic properties is supporting applications across automotive and power sectors.
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Company Name: DataM Intelligence
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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