Spain Electrical Steel Market to 2032
Overview
The Spain Electrical Steel Market is expected to reach a 621.69 USD Million by 2032 and is projected to grow at a CAGR of 5.00% from 2025 to 2032.
Revenue, 2024 (USD Million)
424.41
Forecast, 2032 (USD Million)
621.69
CAGR, 2024 - 2032
5.00%
Report Coverage
Spain
Spain Electrical Steel Market 2018-2032 USD Million
Spain Electrical Steel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 424.41 USD Million
- Projected Market Size (2032): 621.69 USD Million
- CAGR (2025-2032): 5.00%
Key Findings of Spain Electrical Steel Market
- The Spain Electrical Steel Market was valued at 424.41 USD Million in 2024.
- The Spain Electrical Steel Market is likely to grow at a CAGR of 5.00% 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 284.68 USD Million
- The fastest growing segment 2.7-4.02 in Core Losses Segment grew Fastest with a CAGR of 6.19% during the forecast period from 2024 to 2032.
Spain Electrical Steel Market Scope
Spain Electrical Steel Market Segmentation & Scope
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
- Others
- Inductors
- Shunt Reactors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Transformers
- Motors
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
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
Spain Electrical Steel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 424.41 USD Million |
| Market Value in 2032 | 621.69 USD Million |
| CAGR (2025-2032) | 5.00% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Core Losses,Flux Density,Application,End-User,Type,Thickness |
Regional Insights:
-
Leading Market (2024-2032): Spain, leading in terms of revenue 424.41 USD Million in 2024
- Key Country: Spain, leading in terms of revenue with value of 424.41 USD Million in 2024.
Segments and Scope
-
Spain Electrical Steel Market to 2032, By Core Losses
- 2.7-4.02 is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 143.19 USD Million in the year 2024.
- 2.7-4.02 is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 6.19 % in forecast period 2025-2032.
-
Spain Electrical Steel Market to 2032, By Flux Density
- 1.69 Tesla to 1.73 Tesla is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 174.86 USD Million in the year 2024.
- Above 1.76 Tesla is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 5.22 % in forecast period 2025-2032.
-
Spain Electrical Steel Market to 2032, By Application
- Motors is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 180.98 USD Million in the year 2024.
- Motors is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 5.80 % in forecast period 2025-2032.
-
Spain Electrical Steel Market to 2032, By End-User
- Energy & Power is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 191.01 USD Million in the year 2024.
- Automobiles is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 4.66 % in forecast period 2025-2032.
-
Spain Electrical Steel Market to 2032, By Type
- Non Oriented Electrical Steel (CRNGO) is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 284.68 USD Million in the year 2024.
- Non Oriented Electrical Steel (CRNGO) is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 5.14 % in forecast period 2025-2032.
-
Spain Electrical Steel Market to 2032, By Thickness
- 0.35 mm is the largest segment in Spain Electrical Steel Market to 2032 with a revenue of 205.09 USD Million in the year 2024.
- 0.35 mm is the Fastest growing segment in Spain Electrical Steel Market to 2032 with a Growth rate of 5.40 % in forecast period 2025-2032.
Spain Electrical Steel Market Company Share Analysis
| Company Name |
|
||
| ArcelorMittal | |||
| Nippon Steel Corporation | |||
| JFE Steel Corporation | |||
| thyssenkrupp AG | |||
| Baosteel Co.,Ltd. | |||
Spain Electrical Steel Market Geographical Sales Distribution, 2018-2032 USD Million
Spain Electrical Steel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Spain Electrical Steel Market is segmented based on Segmentation Core Losses,Flux Density,Application,End-User,Type,Thickness.
Spain Electrical Steel Market was valued at USD 424.41(Revenue in USD Million) in 2024.
Spain Electrical Steel Market is projected to grow at a CAGR of 5.00% during the forecast period of 2024 to 2032.
The Non Oriented Electrical Steel (CRNGO) segment is expected to dominate the Spain Electrical Steel Market, holding a largest market share of 284.68 USD Million in 2024
Spain Electrical Steel Market Scope
Spain Electrical Steel Market Segmentation & Scope
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
- Others
- Inductors
- Shunt Reactors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Transformers
- Motors
End-User
- Others
- Building & Construction
- Household Appliances
- Automobiles
- Energy & Power
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
Frequently Asked Questions
The Spain Electrical Steel Market is segmented based on Segmentation Core Losses,Flux Density,Application,End-User,Type,Thickness.
Spain Electrical Steel Market was valued at USD 424.41(Revenue in USD Million) in 2024.
Spain Electrical Steel Market is projected to grow at a CAGR of 5.00% during the forecast period of 2024 to 2032.
The estimated market value of the Spain Electrical Steel Market for final year is USD 621.69 (USD Million).
Spain Electrical Steel Market Company Profiling
Frequently Asked Questions
The Spain Electrical Steel Market is segmented based on Segmentation Core Losses,Flux Density,Application,End-User,Type,Thickness.
Spain Electrical Steel Market was valued at USD 424.41(Revenue in USD Million) in 2024.
Spain Electrical Steel Market is projected to grow at a CAGR of 5.00% during the forecast period of 2024 to 2032.
The estimated market value of the Spain Electrical Steel Market for final year is USD 621.69 (USD Million).
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