Electrical Steel Market Growth & Industry Report | Emerging Trends & Forecast 2025 | DataM Intelligence
Electrical Steel Market Size
The Electrical Steel Market focuses on specialized steel used to improve magnetic properties in motors, transformers, and power generation systems.
AUSTIN, TX, UNITED STATES, July 30, 2025 /EINPresswire.com/ -- According to DataM Intelligence, The Global Electrical Steel Market is expected to grow at a 7.5% CAGR between 2024 and 2031. Rising demand for energy-efficient transformers and electric vehicles, coupled with rapid industrialization and grid modernization, is driving significant growth in the global electrical steel market.
To Download Sample Report Here: https://www.datamintelligence.com/download-sample/electrical-steel-market
Market Growth Drivers & Opportunities:
Surging adoption of electric vehicles (EVs): Electrical steel plays a crucial role in motor laminations and transformers, directly benefiting from the global EV boom.
Rapid expansion of renewable energy: Wind and solar projects worldwide are increasing the need for transformers and generators, boosting demand for high-grade electrical steel.
Urbanization and grid upgrades: Modernizing aging power grids in developed regions and expanding new grids in emerging markets create substantial opportunities.
Market Segmentation:
By Type:
Grain Oriented Electrical Steel
Non-Grain Oriented Electrical Steel.
By Application:
Transformers
Motors
Inductors
Power Generators
Electrical Ballasts
Battery
Magnetic Bearings
Filters
Others.
By End-User:
Automotive
Aviation
Energy and Power
Building and Construction
Domestic Household Appliances
Others.
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa.
Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=electrical-steel-market
Market Geographical Share:
Asia-Pacific dominates the market, driven by strong industrialization and large-scale EV adoption, led by China, Japan, and South Korea. Europe follows, with its aggressive green energy policies and automotive electrification. North America shows steady growth due to infrastructure upgrades and renewable energy investments.
Key Players Shaping the Market:
ArcelorMittal S.A.
Baosteel Group Corporation
Pohang Iron and Steel Company (POSCO)
Nippon Steel & Sumimoto Metal
JFE Holdings Inc.
Jiangsu Shagang Group
Tata Steel
The United States Steel Corporation (US Steel)
Angang Steel Co. Ltd.
Gerdau.
Recent Developments:
United States
May 2025: A leading US steelmaker announced a $350 million investment to expand production of non-grain-oriented (NGO) electrical steel for EV motors.
April 2025: Collaboration launched between a US transformer manufacturer and an AI firm to enhance efficiency and reduce energy loss in grid transformers.
Japan
June 2025: Japanese steel producers unveiled a new ultra-thin grain-oriented electrical steel to meet demand from next-generation EV motors.
April 2025: Partnership formed between a Japanese automaker and domestic steel supplier to co-develop advanced electrical steel alloys for lightweight EV applications.
Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription
Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights-all in one place.
Competitive Landscape
Sustainability Impact Analysis
KOL / Stakeholder Insights
Unmet Needs & Positioning, Pricing & Market Access Snapshots
Market Volatility & Emerging Risks Analysis
Quarterly Industry Report Updated
Live Market & Pricing Trends
Consumer Behavior & Demand Analysis
Have a look at our Subscription Dashbord: https://www.youtube.com/watch?v=x5oEiqEqTWg
Conclusion:
Driven by megatrends in electrification and clean energy, the Electrical Steel Market stands at the forefront of a transformative decade. Industry leaders are investing in innovation, sustainable production, and strategic partnerships to capture growing demand, shaping a resilient and greener global energy future.
Related Reports:
Sai Kiran
DataM Intelligence 4Market Research
+1 877-441-4866
Sai.k@datamintelligence.com
Visit us on social media:
LinkedIn
X
Distribution channels: Mining Industry
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Submit your press release