The global electrical steel market is a dynamic sector integral to various industries, primarily the power and energy sectors. Electrical steel, also known as silicon steel or transformer steel, possesses unique magnetic properties crucial for the efficient functioning of electrical equipment. It is widely used in transformers, electric motors, and generators. As the world continues to prioritize clean energy solutions, the electrical steel market plays a pivotal role in shaping the future of efficient and sustainable electrical systems.
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Data Bridge Market Research analyses that the Global Electrical Steel Market was valued at USD 15.41 billion in 2021 and is expected to reach USD 25.09 billion by 2029, registering a CAGR of 6.28% during the forecast period of 2022 to 2029. The surge in global power generation and transmission projects is propelling a remarkable and sustained increase in demand for electrical steel, vital for diverse applications across various end-use industries.
Key Findings of the Study
Rise of the demand in the automobile industry is expected to drive the market's growth rate
In the automobile industry, the demand for electrical steel has surged due to its unique properties. With high electrical resistivity, permeability, low magnetostriction, and minimal hysteresis loss, electrical steel has become a preferred material in the production of automotive components. It plays a crucial role in manufacturing various parts, aligning with the industry's need for materials that enhance efficiency and performance in the increasingly electrified automotive landscape.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Grain Oriented Steel (CGRO), Non-Oriented Electrical Steel (CRNGO)), Thickness (0.23 MM, 0.27 MM, 0.30 MM, 0.35 MM, 0.5 MM, 0.65 MM, and Others), Core Losses (Less Than 0.9 w/kg, 0.90 w/kg to 0.99 w/kg, 1.00 w/kg to 1.29 w/kg, 1.30 w/kg to 1.39 w/kg, and above1.39 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, and Above 1.76 Tesla), Application (Transformers, Inductors, Battery, Shunt Reactors, Convertors, Motors, Electrical Ballasts, Power Generators, Wound Cores, and Others), End-User (Energy and Power, Household Appliances, Automobiles, Building and Construction, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Baosteel (China), Nippon Steel Corporation (Japan), United States Steel Corporation (U.S.), SAIL (India), TATA Steel (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), Esteel (South Korea), Hesteel Group Tangsteel Company (China) ChinaSteel (Taiwan), ESL Steel Ltd. (India), Jiangsu Shagang Group Su ICP (China)., Union Electric Steel Corporation (U.S.), hebei puyang iron and steel group (china), Aperam (Luxemborg), Cleveland-Cliffs Inc. (U.S.), Slovenian Steel Group (Slovenia) and Sko-Die Inc (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global electrical steel market is segmented on the basis of type, thickness, core losses, flux density, application, and end-user.
- On the basis of type, the market is segmented into grain oriented steel (CGRO), non-oriented electrical steel (CRNGO). Non-oriented electrical steel (CRNGO) segment is expected to dominate the global electrical steel market with a 56.49% market share as more silicon increased resistivity which increases its demand globally
- On the basis of thickness, the market is segmented into 0.23 MM, 0.27 MM, 0.30 MM, 0.35 MM, 0.5 MM, 0.65 MM, and others. 0.30 MM segment is expected to dominate the global electrical steel market with 134.79% market share as it is more used in rotating electrical machines, increasing its demand in the global market
- On the basis of core losses, the market is segmented into less than 0.9 w/kg, 0.90 w/kg to 0.99 w/kg, 1.00 w/kg to 1.29 w/kg, 1.30 w/kg to 1.39 w/kg, and above1.39 w/kg. The less than 0.9 w/kg segment is expected to dominate the global electrical steel market with 237.53% market share as the electrical steel which has low core losses is more efficient in the application which increases its demand globally
- 根據磁通密度，市場細分為低於 1.65 特斯拉、1.65 特斯拉至 1.69 特斯拉、1.69 特斯拉至 1.73 特斯拉、1.73 特斯拉至 1.76 特斯拉和高於 1.76 特斯拉。由於高磁通密度電工鋼產品在全球發電行業中的應用越來越廣泛，預計高於 1.76 特斯拉的細分市場將以 605.04% 的市場份額主導全球電工鋼市場。
- 根據應用，市場細分為變壓器、電感器、電池、並聯電抗器、轉換器、電動機、電子鎮流器、發電機、捲繞鐵芯等。電機產業預計將佔據全球電工鋼市場的 245.23% 份額，這將導致不同行業對馬達的使用增加
電機領域將主導電工鋼 市場的應用領域
汽車領域將成為塗料領域的主導領域，市佔率為 245.23%。這是因為市場上尤其是發展中經濟體的基礎設施開發活動不斷增加。此外，全球半導體產業的成長和擴張將進一步促進該領域的成長。
- 根據最終用戶，市場細分為能源和電力、家用電器、汽車、建築和施工以及其他。能源和電力部門預計將以 384.85% 的市場份額主導全球電工鋼市場，因為電工鋼更多用於製造用於儲存電能的大型電網
能源和電力部門將主導電工鋼 市場的最終用戶部分
能源和電力領域將成為主導終端用戶領域，市佔率達 384.85%。這是因為市場尤其是發展中經濟體對能源和電力的需求不斷增長。此外，全球範圍內研究開發服務的成長和擴張將促進該領域的成長。
主要參與者
Data Bridge Market Research 認為，全球電工鋼市場的主要參與者包括聯合電工鋼公司（美國）、河北普陽鋼鐵集團（中國）、Aperam（盧森堡）、Cleveland-Cliffs Inc.（美國）、斯洛維尼亞鋼鐵集團（斯洛維尼亞）和 Sko-Die Inc（美國）
市場發展
- 2022年1月，NLMK集團推出了具有抗菌塗層的創新鋼鐵產品。此項技術專門設計用於保護金屬表面免受有害微生物的侵害，對於具有嚴格清潔和安全標準的醫療和其他設施的應用具有重要價值。抗菌塗層鋼符合不斷發展的工業需求，為在保持無菌和安全至關重要的環境中加強衛生措施提供了主動解決方案
- 2020年5月，塔塔鋼鐵公司為建築業推出了智慧鋼結構，擴大了電工鋼在建築上的應用。這項策略性舉措使公司能夠滿足不斷變化的行業需求，從而增加收入。智慧鋼鐵解決方案的採用提高了建築專案的效率和性能，提供了競爭優勢。塔塔鋼鐵進軍創新應用領域，彰顯了其始終站在技術進步前沿、確保持續成長和市場相關性的承諾
- 2020年5月，voestalpine AG推出了兩款專為汽車產業設計的創新電工板材產品Backlack-V和Sovac。此次策略擴張旨在透過滿足汽車產業的獨特需求來促進未來的收入成長。這些先進電工鋼板產品的推出彰顯了奧鋼聯股份公司致力於提供尖端解決方案的承諾，預計將對汽車行業的業務表現和市場定位產生積極影響
區域分析
從地理上看，全球電工鋼市場報告涵蓋的國家包括美國、加拿大、墨西哥、巴西、阿根廷、南美洲其他地區、德國、法國、義大利、英國、比利時、西班牙、俄羅斯、土耳其、荷蘭、瑞士、歐洲其他地區、日本、中國、印度、韓國、澳洲和紐西蘭、新加坡、馬來西亞、泰國、印尼、菲律賓、亞太其他地區、阿拉伯聯合國、沙烏地阿拉伯、以色列
根據 Data Bridge 市場研究分析：
2022-2029 年預測期內，亞太地區將成為全球電工鋼市場的主導地區
亞太地區在全球電工鋼市場佔據主導地位，擁有相當大的市場份額和收入，預計這一趨勢將持續到 2022 年至 2029 年。這種主導地位是由電工鋼需求的成長所推動的，尤其是在中國，無取向電工鋼的生產和消費在該地區處於領先地位。中國之所以能取得領先地位，得益於其無取向電工鋼的生產和消費便利，鞏固了其在亞太市場領先地位。
預計在 2022-2029 年預測期內，歐洲將成為全球電工鋼市場成長最快的地區
預計歐洲將主導全球電工鋼市場，在商業建築活動對無取向電工鋼需求不斷增長的推動下，歐洲將呈現快速發展。該地區該領域的強勁成長凸顯了其在塑造全球市場格局中的關鍵作用，重點關注無取向電工鋼，以滿足動態和不斷擴大的商業建築項目的需求。
有關全球電工鋼市場報告的更多詳細信息，請點擊此處 - https://www.databridgemarketresearch.com/reports/global-electrical-steel-market
