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Electrical Steel Market Share

  • Report ID: GMI3136
  • Published Date: Dec 2021
  • Report Format: PDF

Electrical Steel Market Share

Key players in the electrical steel industry are :

  • Voestalpine
  • Cogent Power Ltd
  • ArcelorMittal Europe
  • MITSUI & Co
  • SIJ Acroni d.o.o
  • Arnold Magnetic Technologies
  • Aperam
  • Nomax Electrical Steel Private Ltd
  • Big River Steel LLC
  • Tempel
  • Thyssenkrupp
  • JFE Steel Corporation
  • U.S. Steel Kosice
  • POSCO Poggenamp
  • KOBE Steel, Ltd

The companies are engaged in extensive research & development to develop innovative products and increasing efforts to develop high quality and cost-effective products used in various application. For instance, in June 2021, Kobe Steel, Ltd. announced an investment of around 15 billion yen (around USD 130 million) in the steel plate plant at Kakogawa Works, to carry out the refurbishment of a finishing rolling mill. The company aims to strengthen the product supply system with stable quality and delivery time and promote the development of high-functional steel plate manufacturing technology.

In January 2019, U.S. Steel Kosica, S.R.O. announced the expansion of a new non-grain oriented electrical steel line with an annual capacity of approximately 100,000 metric tons. The new line will enable the production of sophisticated silicon grades of NGO electrical steels to support the increased demand in vehicles and generators.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global electrical steel market size surpassed USD 14.5 billion in 2020 and will expand at more than 6.5% CAGR from 2021 to 2027 with strong investment in renewable energy and robust government policies.

Grain oriented electrical steel will grow at around 7% CAGR up to 2027 due to increasing demand from transducers, transformers, and magnetic amplifier cores.

North America electrical steel market size is forecast to surpass USD 5 billion by 2027 owing to the adoption of electric vehicles.

POSCO Poggenamp, Cogent Power Ltd., MITSUI & Co, Nomax Electrical Steel Private Ltd., Tempel, Thyssenkrupp, KOBE Steel, Ltd, Big River Steel LLC and JFE Steel Corporation, among others, are some of the major companies fostering electrical steel market share.

Electrical Steel Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 458
  • Countries covered: 22
  • Pages: 335
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