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Global Electrical Steel Market - Strategic Insights and Forecasts (2025-2030)

Market Analysis, Growth, Trends & Forecast By Type (Grain Oriented, Non-Grain Oriented), By Application (Transformers, Motors, Inductors, Others), By End-user Industry (Energy, Automotive, Manufacturing, Household Appliances, Others), and Geography

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Global Electrical Steel Market Report

Report IDKSI061614068
PublishedMay 2026
Pages145
FormatPDF, Excel, PPT, Dashboard

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Frequently Asked Questions

The electrical steel market is expected to reach a total market size of US$56.0 billion by 2030.

The electrical steel market is expected to grow at a CAGR of 5.8% during the forecast period.

Electrical Steel Market is valued at US$42.2 billion in 2025.

The major players in the electrical steel market are ArcelorMittal, POSCO, Baosteel Group Corporation, Voestalpine AG, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, Leicong Industrial Co Ltd., AK Steel Corporation, many others.

An increase in infrastructural development, industrialization, a rise in the demand in the power sector, and urbanization is going to be the driving factors of the electrical steel market.

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