South America Electrical Steel Market to 2032
Overview
The South America Electrical Steel Market is expected to reach a 1,343.88 USD Million by 2032 and is projected to grow at a CAGR of 4.13% from 2025 to 2032.
Revenue, 2024 (USD Million)
980.34
Forecast, 2032 (USD Million)
1,343.88
CAGR, 2024 - 2032
4.13%
Report Coverage
South America
South America Electrical Steel Market 2018-2032 USD Million
South America Electrical Steel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 980.34 USD Million
- Projected Market Size (2032): 1,343.88 USD Million
- CAGR (2025-2032): 4.13%
Key Findings of South America Electrical Steel Market
- The South America Electrical Steel Market was valued at 980.34 USD Million in 2024.
- The South America Electrical Steel Market is likely to grow at a CAGR of 4.13% 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 722.29 USD Million
- The fastest growing segment Above 1.76 Tesla in Flux Density Segment grew Fastest with a CAGR of 5.20% during the forecast period from 2024 to 2032.
South America Electrical Steel Market Scope
South America 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
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
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)
- Others
- Electrical Ballasts (lighting)
- Wound Cores
- Inductors
- Shunt Reactors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Transformers
- Motors
South America Electrical Steel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 980.34 USD Million |
| Market Value in 2032 | 1,343.88 USD Million |
| CAGR (2025-2032) | 4.13% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Thickness,End-User,Core Losses,Flux Density,Application |
Regional Insights:
-
Leading Market (2024-2032): South America, leading in terms of revenue 980.34 USD Million in 2024
- Key Country: Brazil, leading in terms of revenue with value of 694.38 USD Million in 2024.
Segments and Scope
-
South America Electrical Steel Market to 2032, By Type
- Non Oriented Electrical Steel (CRNGO) is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 722.29 USD Million in the year 2024.
- Non Oriented Electrical Steel (CRNGO) is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 4.39 % in forecast period 2025-2032.
-
South America Electrical Steel Market to 2032, By Thickness
- 0.35 mm is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 443.50 USD Million in the year 2024.
- 0.35 mm is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 4.62 % in forecast period 2025-2032.
-
South America Electrical Steel Market to 2032, By End-User
- Energy & Power is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 403.48 USD Million in the year 2024.
- Automobiles is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 3.48 % in forecast period 2025-2032.
-
South America Electrical Steel Market to 2032, By Core Losses
- 2.7-4.02 is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 354.80 USD Million in the year 2024.
- 2.7-4.02 is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 4.91 % in forecast period 2025-2032.
-
South America Electrical Steel Market to 2032, By Flux Density
- 1.69 Tesla to 1.73 Tesla is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 378.64 USD Million in the year 2024.
- Above 1.76 Tesla is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 3.58 % in forecast period 2025-2032.
-
South America Electrical Steel Market to 2032, By Application
- Motors is the largest segment in South America Electrical Steel Market to 2032 with a revenue of 404.43 USD Million in the year 2024.
- Motors is the Fastest growing segment in South America Electrical Steel Market to 2032 with a Growth rate of 4.89 % in forecast period 2025-2032.
South America Electrical Steel Market Company Share Analysis
| Company Name |
|
||
| ArcelorMittal | |||
| Nippon Steel Corporation | |||
| JFE Steel Corporation | |||
| thyssenkrupp AG | |||
| Baosteel Co.,Ltd. | |||
South America Electrical Steel Market Geographical Sales Distribution, 2018-2032 USD Million
South America Electrical Steel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South America Electrical Steel Market is segmented based on Segmentation Type,Thickness,End-User,Core Losses,Flux Density,Application.
South America Electrical Steel Market was valued at USD 980.34(Revenue in USD Million) in 2024.
South America Electrical Steel Market is projected to grow at a CAGR of 4.13% during the forecast period of 2024 to 2032.
The Non Oriented Electrical Steel (CRNGO) segment is expected to dominate the South America Electrical Steel Market, holding a largest market share of 722.29 USD Million in 2024
South America Electrical Steel Market Scope
South America 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
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
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)
- Others
- Electrical Ballasts (lighting)
- Wound Cores
- Inductors
- Shunt Reactors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Transformers
- Motors
Frequently Asked Questions
The South America Electrical Steel Market is segmented based on Segmentation Type,Thickness,End-User,Core Losses,Flux Density,Application.
South America Electrical Steel Market was valued at USD 980.34(Revenue in USD Million) in 2024.
South America Electrical Steel Market is projected to grow at a CAGR of 4.13% during the forecast period of 2024 to 2032.
The estimated market value of the South America Electrical Steel Market for final year is USD 1,343.88 (USD Million).
South America Electrical Steel Market Company Profiling
Frequently Asked Questions
The South America Electrical Steel Market is segmented based on Segmentation Type,Thickness,End-User,Core Losses,Flux Density,Application.
South America Electrical Steel Market was valued at USD 980.34(Revenue in USD Million) in 2024.
South America Electrical Steel Market is projected to grow at a CAGR of 4.13% during the forecast period of 2024 to 2032.
The estimated market value of the South America Electrical Steel Market for final year is USD 1,343.88 (USD Million).
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