Middle East & Africa Electrical Steel Market to 2032
Overview
The Middle East & Africa Electrical Steel Market is expected to reach a 2.06 USD Billion by 2032 and is projected to grow at a CAGR of 4.66% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.44
Forecast, 2032 (USD Billion)
2.06
CAGR, 2024 - 2032
4.66%
Report Coverage
Middle East & Africa
Middle East & Africa Electrical Steel Market 2018-2032 USD Billion
Middle East & Africa Electrical Steel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.44 USD Billion
- Projected Market Size (2032): 2.06 USD Billion
- CAGR (2025-2032): 4.66%
Key Findings of Middle East & Africa Electrical Steel Market
- The Middle East & Africa Electrical Steel Market was valued at 1.44 USD Billion in 2024.
- The Middle East & Africa Electrical Steel Market is likely to grow at a CAGR of 4.66% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Non Oriented Electrical Steel (CRNGO) in Type Segment accounted for the largest share of the market with a revenue of 0.86 USD Billion
- The fastest growing segment 2.1 in Core Losses Segment grew Fastest with a CAGR of 6.18% during the forecast period from 2024 to 2032.
Middle East & Africa Electrical Steel Market Scope
Middle East & Africa Electrical Steel Market Segmentation & Scope
Type
- Grain Oriented Steel (CGRO)
- Non Oriented Electrical Steel (CRNGO)
Thickness
- Others / specialized grades
- 0.5–0.65 mm
- 0.5 mm
- 0.25–0.27 mm
- 0.35 mm
Core Losses
- 1.9
- 2.1
- >4.0
- 2.3
- 2.5
- 2.7
- 2.7-4.02
Flux Density
- Less Than 1.65 Tesla
- Above 1.76 Tesla
- 1.65 Tesla to 1.69 Tesla
- 1.73 Tesla to 1.76 Tesla
- 1.69 Tesla to 1.73 Tesla
Application
- Battery (direct use)
- Electrical Ballasts (lighting)
- Wound Cores
- Shunt Reactors
- Inductors
- Others
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Motors
- Transformers
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
Middle East & Africa Electrical Steel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.44 USD Billion |
| Market Value in 2032 | 2.06 USD Billion |
| CAGR (2025-2032) | 4.66% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Thickness,Core Losses,Flux Density,Application,End-User |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 1.44 USD Billion in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 392.09 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Electrical Steel Market to 2032, By Type
- Non Oriented Electrical Steel (CRNGO) is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 864.32 USD Billion in the year 2024.
- Non Oriented Electrical Steel (CRNGO) is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 5.04 % in forecast period 2025-2032.
-
Middle East & Africa Electrical Steel Market to 2032, By Thickness
- 0.35 mm is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 491.84 USD Billion in the year 2024.
- 0.35 mm is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
-
Middle East & Africa Electrical Steel Market to 2032, By Core Losses
- 2.7-4.02 is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 459.81 USD Billion in the year 2024.
- 2.1 is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 4.95 % in forecast period 2025-2032.
-
Middle East & Africa Electrical Steel Market to 2032, By Flux Density
- 1.69 Tesla to 1.73 Tesla is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 512.35 USD Billion in the year 2024.
- Above 1.76 Tesla is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 4.31 % in forecast period 2025-2032.
-
Middle East & Africa Electrical Steel Market to 2032, By Application
- Transformers is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 528.33 USD Billion in the year 2024.
- Transformers is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 5.45 % in forecast period 2025-2032.
-
Middle East & Africa Electrical Steel Market to 2032, By End-User
- Energy & Power is the largest segment in Middle East & Africa Electrical Steel Market to 2032 with a revenue of 621.95 USD Billion in the year 2024.
- Automobiles is the Fastest growing segment in Middle East & Africa Electrical Steel Market to 2032 with a Growth rate of 4.25 % in forecast period 2025-2032.
Middle East & Africa Electrical Steel Market Company Share Analysis
| Company Name |
|
||
| ArcelorMittal | |||
| Nippon Steel Corporation | |||
| JFE Steel Corporation | |||
| thyssenkrupp AG | |||
| Baosteel Co.,Ltd. | |||
Middle East & Africa Electrical Steel Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Electrical Steel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Electrical Steel Market is segmented based on Segmentation Type,Thickness,Core Losses,Flux Density,Application,End-User.
Middle East & Africa Electrical Steel Market was valued at USD 1.44(Revenue in USD Billion) in 2024.
Middle East & Africa Electrical Steel Market is projected to grow at a CAGR of 4.66% during the forecast period of 2024 to 2032.
The Non Oriented Electrical Steel (CRNGO) segment is expected to dominate the Middle East & Africa Electrical Steel Market, holding a largest market share of 0.86 USD Billion in 2024
Middle East & Africa Electrical Steel Market Scope
Middle East & Africa Electrical Steel Market Segmentation & Scope
Type
- Grain Oriented Steel (CGRO)
- Non Oriented Electrical Steel (CRNGO)
Thickness
- Others / specialized grades
- 0.5–0.65 mm
- 0.5 mm
- 0.25–0.27 mm
- 0.35 mm
Core Losses
- 1.9
- 2.1
- >4.0
- 2.3
- 2.5
- 2.7
- 2.7-4.02
Flux Density
- Less Than 1.65 Tesla
- Above 1.76 Tesla
- 1.65 Tesla to 1.69 Tesla
- 1.73 Tesla to 1.76 Tesla
- 1.69 Tesla to 1.73 Tesla
Application
- Battery (direct use)
- Electrical Ballasts (lighting)
- Wound Cores
- Shunt Reactors
- Inductors
- Others
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Motors
- Transformers
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
Frequently Asked Questions
The Middle East & Africa Electrical Steel Market is segmented based on Segmentation Type,Thickness,Core Losses,Flux Density,Application,End-User.
Middle East & Africa Electrical Steel Market was valued at USD 1.44(Revenue in USD Billion) in 2024.
Middle East & Africa Electrical Steel Market is projected to grow at a CAGR of 4.66% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Electrical Steel Market for final year is USD 2.06 (USD Billion).
Middle East & Africa Electrical Steel Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Electrical Steel Market is segmented based on Segmentation Type,Thickness,Core Losses,Flux Density,Application,End-User.
Middle East & Africa Electrical Steel Market was valued at USD 1.44(Revenue in USD Billion) in 2024.
Middle East & Africa Electrical Steel Market is projected to grow at a CAGR of 4.66% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Electrical Steel Market for final year is USD 2.06 (USD Billion).
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