Hong Kong Electrical Steel Market to 2032
Overview
The Hong Kong Electrical Steel Market is expected to reach a 988.55 USD Billion by 2032 and is projected to grow at a CAGR of 10.79% from 2025 to 2032.
Revenue, 2024 (USD Billion)
609.78
Forecast, 2032 (USD Billion)
988.55
CAGR, 2024 - 2032
10.79%
Report Coverage
Hong Kong
Hong Kong Electrical Steel Market 2018-2032 USD Billion
Hong Kong Electrical Steel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 609.78 USD Billion
- Projected Market Size (2032): 988.55 USD Billion
- CAGR (2025-2032): 10.79%
Key Findings of Hong Kong Electrical Steel Market
- The Hong Kong Electrical Steel Market was valued at 988.55 USD Billion in 2024.
- The Hong Kong Electrical Steel Market is likely to grow at a CAGR of 10.79% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Non-Oriented Electrical Steel (CNRGO) in Type Segment accounted for the largest share of the market with a revenue of 348.50 USD Billion
- The fastest growing segment 0.30 MM in Thickness Segment grew Fastest with a CAGR of 12.69% during the forecast period from 2024 to 2032.
Hong Kong Electrical Steel Market Scope
Hong Kong Electrical Steel Market Segmentation & Scope
Thickness
- Others
- 0.65 MM
- 0.5 MM
- 0.27 MM
- 0.23 MM
- 0.35 MM
- 0.30 MM
Core Losses
- Above 1.39 W/KG
- 1.30 W/KG to 1.39 W/KG
- 1.00 W/KG to 1.29 W/KG
- 0.90 W/KG to 0.99 W/KG
- Less than 0.9 W/KG
Flux Density
- Less than 1.65 Tesla
- 1.65 Tesla to 1.69 Tesla
- 1.69 Tesla to 1.73 Tesla
- 1.73 Tesla to 1.76 Tesla
- Above 1.76 Tesla
Application
- Others
- Wound Cores
- Shunt Reactors
- Convertors
- Battery
- Electrical Ballasts
- Inductors
- Power Generators
- Transformers
- Motors
Type
- Grain Oriented Steel (CGRO)
- Non-Oriented Electrical Steel (CNRGO)
End-User
- Others
- Household Appliances
- Automobiles
- Building and Construction
- Energy and Power
Hong Kong Electrical Steel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 609.78 USD Billion |
| Market Value in 2032 | 988.55 USD Billion |
| CAGR (2025-2032) | 10.79% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Thickness,Core Losses,Flux Density,Application,Type,End-User |
Regional Insights:
-
Leading Market (2024-2032): Hong Kong, leading in terms of revenue 609.78 USD Billion in 2024
- Key Country: Hong Kong, leading in terms of revenue with value of 609.78 USD Billion in 2024.
Segments and Scope
-
Hong Kong Electrical Steel Market to 2032, By Thickness
- 0.30 MM is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 231.71 USD Billion in the year 2024.
- 0.30 MM is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 12.69 % in forecast period 2025-2032.
-
Hong Kong Electrical Steel Market to 2032, By Core Losses
- Less than 0.9 W/KG is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 254.32 USD Billion in the year 2024.
- Less than 0.9 W/KG is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 12.17 % in forecast period 2025-2032.
-
Hong Kong Electrical Steel Market to 2032, By Flux Density
- Above 1.76 Tesla is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 237.35 USD Billion in the year 2024.
- Above 1.76 Tesla is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 12.50 % in forecast period 2025-2032.
-
Hong Kong Electrical Steel Market to 2032, By Application
- Motors is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 173.52 USD Billion in the year 2024.
- Motors is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 12.43 % in forecast period 2025-2032.
-
Hong Kong Electrical Steel Market to 2032, By Type
- Non-Oriented Electrical Steel (CNRGO) is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 348.50 USD Billion in the year 2024.
- Non-Oriented Electrical Steel (CNRGO) is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 11.61 % in forecast period 2025-2032.
-
Hong Kong Electrical Steel Market to 2032, By End-User
- Energy and Power is the largest segment in Hong Kong Electrical Steel Market to 2032 with a revenue of 323.99 USD Billion in the year 2024.
- Energy and Power is the Fastest growing segment in Hong Kong Electrical Steel Market to 2032 with a Growth rate of 11.56 % in forecast period 2025-2032.
Hong Kong Electrical Steel Market Company Share Analysis
| Company Name |
|
||
| Tata Steel | |||
| ArcelorMittal | |||
| POSCO | |||
| voestalpine AG | |||
| NIPPON STEEL CORPORATION | |||
Hong Kong Electrical Steel Market Geographical Sales Distribution, 2018-2032 USD Billion
Hong Kong Electrical Steel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Hong Kong Electrical Steel Market is segmented based on Segmentation Thickness,Core Losses,Flux Density,Application,Type,End-User.
Hong Kong Electrical Steel Market was valued at USD 609.78(Revenue in USD Billion) in 2019.
Hong Kong Electrical Steel Market is projected to grow at a CAGR of 10.79% during the forecast period of 2024 to 2032.
The Non-Oriented Electrical Steel (CNRGO) segment is expected to dominate the Hong Kong Electrical Steel Market, holding a largest market share of 348.50 USD Billion in 2024
Hong Kong Electrical Steel Market Scope
Hong Kong Electrical Steel Market Segmentation & Scope
Thickness
- Others
- 0.65 MM
- 0.5 MM
- 0.27 MM
- 0.23 MM
- 0.35 MM
- 0.30 MM
Core Losses
- Above 1.39 W/KG
- 1.30 W/KG to 1.39 W/KG
- 1.00 W/KG to 1.29 W/KG
- 0.90 W/KG to 0.99 W/KG
- Less than 0.9 W/KG
Flux Density
- Less than 1.65 Tesla
- 1.65 Tesla to 1.69 Tesla
- 1.69 Tesla to 1.73 Tesla
- 1.73 Tesla to 1.76 Tesla
- Above 1.76 Tesla
Application
- Others
- Wound Cores
- Shunt Reactors
- Convertors
- Battery
- Electrical Ballasts
- Inductors
- Power Generators
- Transformers
- Motors
Type
- Grain Oriented Steel (CGRO)
- Non-Oriented Electrical Steel (CNRGO)
End-User
- Others
- Household Appliances
- Automobiles
- Building and Construction
- Energy and Power
Frequently Asked Questions
The Hong Kong Electrical Steel Market is segmented based on Segmentation Thickness,Core Losses,Flux Density,Application,Type,End-User.
Hong Kong Electrical Steel Market was valued at USD 609.78(Revenue in USD Billion) in 2019.
Hong Kong Electrical Steel Market is projected to grow at a CAGR of 10.79% during the forecast period of 2024 to 2032.
The estimated market value of the Hong Kong Electrical Steel Market for final year is USD 988.55 (USD Billion).
Hong Kong Electrical Steel Market Company Profiling
Frequently Asked Questions
The Hong Kong Electrical Steel Market is segmented based on Segmentation Thickness,Core Losses,Flux Density,Application,Type,End-User.
Hong Kong Electrical Steel Market was valued at USD 609.78(Revenue in USD Billion) in 2019.
Hong Kong Electrical Steel Market is projected to grow at a CAGR of 10.79% during the forecast period of 2024 to 2032.
The estimated market value of the Hong Kong Electrical Steel Market for final year is USD 988.55 (USD Billion).
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