United Arab Emirates Electrical Steel Market to 2032
Overview
The United Arab Emirates Electrical Steel Market is expected to reach a 483.20 USD Million by 2032 and is projected to grow at a CAGR of 5.02% from 2025 to 2032.
Revenue, 2024 (USD Million)
329.33
Forecast, 2032 (USD Million)
483.20
CAGR, 2024 - 2032
5.02%
Report Coverage
United Arab Emirates
United Arab Emirates Electrical Steel Market 2018-2032 USD Million
United Arab Emirates Electrical Steel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 329.33 USD Million
- Projected Market Size (2032): 483.20 USD Million
- CAGR (2025-2032): 5.02%
Key Findings of United Arab Emirates Electrical Steel Market
- The United Arab Emirates Electrical Steel Market was valued at 329.33 USD Million in 2024.
- The United Arab Emirates Electrical Steel Market is likely to grow at a CAGR of 5.02% 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 201.37 USD Million
- The fastest growing segment 2.1 in Core Losses Segment grew Fastest with a CAGR of 6.20% during the forecast period from 2024 to 2032.
United Arab Emirates Electrical Steel Market Scope
United Arab Emirates Electrical Steel Market Segmentation & Scope
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
- Others
- Inductors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Motors
- Transformers
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
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
United Arab Emirates Electrical Steel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 329.33 USD Million |
| Market Value in 2032 | 483.20 USD Million |
| CAGR (2025-2032) | 5.02% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Flux Density,Application,End-User,Core Losses,Type,Thickness |
Regional Insights:
-
Leading Market (2024-2032): United Arab Emirates, leading in terms of revenue 329.33 USD Million in 2024
- Key Country: United Arab Emirates, leading in terms of revenue with value of 329.33 USD Million in 2024.
Segments and Scope
-
United Arab Emirates Electrical Steel Market to 2032, By Flux Density
- 1.69 Tesla to 1.73 Tesla is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 128.59 USD Million in the year 2024.
- Above 1.76 Tesla is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 4.80 % in forecast period 2025-2032.
-
United Arab Emirates Electrical Steel Market to 2032, By Application
- Transformers is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 133.24 USD Million in the year 2024.
- Converters (power electronics / inverters) is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 5.47 % in forecast period 2025-2032.
-
United Arab Emirates Electrical Steel Market to 2032, By End-User
- Energy & Power is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 154.71 USD Million in the year 2024.
- Automobiles is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 4.77 % in forecast period 2025-2032.
-
United Arab Emirates Electrical Steel Market to 2032, By Core Losses
- 2.7-4.02 is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 117.74 USD Million in the year 2024.
- 2.1 is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 5.21 % in forecast period 2025-2032.
-
United Arab Emirates Electrical Steel Market to 2032, By Type
- Non Oriented Electrical Steel (CRNGO) is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 201.37 USD Million in the year 2024.
- Non Oriented Electrical Steel (CRNGO) is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 5.31 % in forecast period 2025-2032.
-
United Arab Emirates Electrical Steel Market to 2032, By Thickness
- 0.35 mm is the largest segment in United Arab Emirates Electrical Steel Market to 2032 with a revenue of 124.54 USD Million in the year 2024.
- 0.35 mm is the Fastest growing segment in United Arab Emirates Electrical Steel Market to 2032 with a Growth rate of 5.65 % in forecast period 2025-2032.
United Arab Emirates Electrical Steel Market Company Share Analysis
| Company Name |
|
||
| ArcelorMittal | |||
| Nippon Steel Corporation | |||
| JFE Steel Corporation | |||
| thyssenkrupp AG | |||
| Baosteel Co.,Ltd. | |||
United Arab Emirates Electrical Steel Market Geographical Sales Distribution, 2018-2032 USD Million
United Arab Emirates Electrical Steel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The United Arab Emirates Electrical Steel Market is segmented based on Segmentation Flux Density,Application,End-User,Core Losses,Type,Thickness.
United Arab Emirates Electrical Steel Market was valued at USD 329.33(Revenue in USD Million) in 2024.
United Arab Emirates Electrical Steel Market is projected to grow at a CAGR of 5.02% during the forecast period of 2024 to 2032.
The Non Oriented Electrical Steel (CRNGO) segment is expected to dominate the United Arab Emirates Electrical Steel Market, holding a largest market share of 201.37 USD Million in 2024
United Arab Emirates Electrical Steel Market Scope
United Arab Emirates Electrical Steel Market Segmentation & Scope
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
- Others
- Inductors
- Converters (power electronics / inverters)
- Power Generators (incl. gensets)
- Motors
- Transformers
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
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 United Arab Emirates Electrical Steel Market is segmented based on Segmentation Flux Density,Application,End-User,Core Losses,Type,Thickness.
United Arab Emirates Electrical Steel Market was valued at USD 329.33(Revenue in USD Million) in 2024.
United Arab Emirates Electrical Steel Market is projected to grow at a CAGR of 5.02% during the forecast period of 2024 to 2032.
The estimated market value of the United Arab Emirates Electrical Steel Market for final year is USD 483.20 (USD Million).
United Arab Emirates Electrical Steel Market Company Profiling
Frequently Asked Questions
The United Arab Emirates Electrical Steel Market is segmented based on Segmentation Flux Density,Application,End-User,Core Losses,Type,Thickness.
United Arab Emirates Electrical Steel Market was valued at USD 329.33(Revenue in USD Million) in 2024.
United Arab Emirates Electrical Steel Market is projected to grow at a CAGR of 5.02% during the forecast period of 2024 to 2032.
The estimated market value of the United Arab Emirates Electrical Steel Market for final year is USD 483.20 (USD Million).
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