Europe Electrical Steel Market
Europe Electrical Steel Market Analysis By Product Type (Grain-Oriented Electrical Steel & Non-Grain-Oriented Electrical Steel) By Application (Electrical Steel for Inductors, Transformers and Motors) By End-Use & By Region – Europe Market Insights 2022 to 2032
Analysis of Europe Electrical Steel market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Electrical Steel Market Outlook (2022-2032)
European sales of electrical steel are estimated at around US$ 6.3 billion in 2022. The Europe electrical steel market is projected to register an impressive CAGR of 10.3% during 2022-2032 and generate US$ 10.6 billion in absolute dollar opportunity over the assessment period.
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Report Attributes |
Details |
|---|---|
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Europe Electrical Steel Market Size (2021A) |
US$ 5.8 Billion |
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Estimated Market Value (2022E) |
US$ 6.3 Billion |
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Forecasted Market Value (2032F) |
US$ 16.9 Billion |
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Europe Market Growth Rate (2022-2032) |
10.3% CAGR |
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Russia Market Share (2021) |
~47.6% |
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Russia Market Growth Rate (2022-2032) |
~8.5% CAGR |
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Market Share of Top 5 Companies |
~45% |
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Key Companies Profiled |
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This high market is mainly due to the unique properties of electrical steel providing multiple benefits, advancements in the production technology of electrical steel, and product innovation that is expanding its application areas.
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Europe Electrical Steel Historical Market Analysis (2017-2021) Vs. Growth Forecasts (2022-2032)
Electrical steel is specialized steel and has assured magnetic properties that provide high permeability, resulting in a low core loss. Electrical steel properties are dependent on the amount of silicon in it, since its addition improves permeability, increases resistivity, and reduces hysteresis loss.
The electrical steel industry in Europe is likely to progress at a significant pace as market players are striving to enhance their production capacity. Adoption of advanced production technologies has proven to be beneficial for the industry as it has resulted in increased production efficiency.
Factors such as output of the steel industry, consumer appliance spending, power generation and distribution market, automotive industry growth, etc., will further supplement market growth over the coming years.
- Short Term (2022 Q2 to 2025): Properties of electrical steel providing several benefits such as ensuring high permeability and resulting in low core loss to support short-term market growth.
- Medium Term (2025-2028): Prominent market players will invest in research & development to develop innovative product materials and capacity & geographic expansion in the medium term.
- Long Term (2028-2032): Product innovations in electrical steel will drive the application scope of electrical steel and propel long-term market expansion.
As per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the European electrical steel market registered 7.6% historical growth during 2017 to 2021. According to the analysis, the market is predicted to expand at 10.3% CAGR through the forecast years (2022-2032).
Market share analysis based on application and country is provided in a nutshell in the above image. Under the application segment, motors dominated the market by holding 52.3% share in 2021.
Which Market Trends are Being Witnessed in the Europe Electrical Steel Industry?
“Beneficial Properties of Electrical Steel Driving Consumption”
The physical properties of electrical steel are enhanced with the addition of silicon in iron. The desirable properties of electrical steel are likely to support its consumption.
For instance, electrical steel possesses high permeability, which provides increased capacity to support magnetic fields. Its property of high electrical resistivity and low magneto-striction ensures less core loss with the help of a reduction in eddy current component and provides a low tendency to expand or contract in magnetic fields.
In addition to this, the decreased hysteresis loss property of electrical steel allows for less wasted energy in heat form by altering the magnetizing force.
Thus, all the above factors are likely to drive the consumption of electrical steel across Europe during the forecast years of 2022-2032.
“Advancements in Electrical Steel Characteristics through R&D”
Spending on research & development is rising as a majority of companies operating in the electric vehicle business are facing difficulty in controlling magnetic field electric motors.
Traditionally, OEMs have consolidated their position by working on the hardware aspect, but as technology drives the vehicles of tomorrow, the industry has been forced to dive into a domain in which they have limited expertise.
Collaboration with tech companies remains a feasible option in the long term. Leading manufacturers of electrical steel have already developed some advancements for electric vehicles by focusing on perfecting the technology of permanent magnet synchronous reluctance motors for increasing the efficiency of EVs, in turn, fueling demand for electrical steel in Europe.
What Kind of Competition Do Electrical Steel Suppliers Have to Face?
“Market Players to Contend with Increasing Demand for Amorphous Metal Alloys”
Amorphous metal alloys (Fe-B-Si) exhibit higher magnetism properties than those exhibited by electrical steel. Replacement of grain-oriented electrical steel with amorphous metal alloys reduces the core losses of transformers by 75%.
Also, noise and temperature are significantly lower when amorphous metal alloys are used as the core material for transformers instead of grain-oriented electrical steel.
These factors and additional benefits offered by amorphous metal alloys are expected to hamper the demand growth of electrical steel in Europe to a significant extent.
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Country-wise Insights
Where is Consumption of Electrical Steel Higher in Europe?
“European Market Led by Russia and Germany”
Russia’s electrical steel market and Germany's electrical steel market are leading the market in Europe with 47.6% and 10% market shares, respectively, in 2021.
Substantial growth in automotive industries along with rising public and private investments in the economy is propelling market growth in these countries. These factors are likely to supplement market growth at 8.5% and 13% CAGRs during the forecast years of 2022-2032.
In addition to these factors, rising emphasis on electric vehicle production and power generation is supporting the need for electric motors and charging stations. Prominent companies in these countries are focusing on the industrial production of electrical steel and are investing their resources to develop innovative electrical steel with improved properties, thereby boosting the competitiveness of their products in the European market.
Category-wise Insights
Which Type of Electrical Steel is More Widely Used across Europe?
“Non-Grain-Oriented Electrical Steel to Maintain Dominance”
The European electrical steel market, under product type, is segmented into grain-oriented electrical steel and non-grain-oriented electrical steel.
Non-grain-oriented electrical steel dominates the European landscape by holding 73.7% share of the market. Several beneficial factors such as non-grain-oriented electrical steel carrying uniform properties in all directions, not requiring a recrystallization process for the development of properties, and providing better thermal conductivity are supplementing its demand growth.
As such, consumption of non-grain-oriented electrical steel is projected to rise at 9.5% CAGR throughout the forecast years, with its market share climbing to 76.7% by the end of 2032.
On the other hand, grain-oriented electrical steel holds 26.3% market share and the segment is predicted to exhibit 8.3% CAGR. Using grain-oriented electrical steel leads to less loss of energy as it is composed of iron with 3% Si content. Also, grain-oriented electrical steel exhibits better magnetic properties and carries strong crystallographic properties in the electrical steel sheet rolling direction and their augmented use for non-rotating applications such as transformers, etc.
Where is Electrical Steel Usage the Highest in Europe?
“High Electrical Steel Application in Motors to Drive Revenue Growth”
The European market for electrical steel, under application, is segmented into inductors, transformers, and motors.
The motors segment holds 52.3% share in the market, which is likely to increase to 57.9% by the end of 2032, expanding at a CAGR of 9.2% during the forecast years. Electrical steel is being widely used in electric motors owing to its properties such as high frequency, high permeability, and excellent magnetic properties.
Rising public inclination towards electric vehicles is supporting the demand for electric motors, which, in turn, is fueling the demand for electrical steel in Europe.
The other application segments, namely, transformers and inductors, hold 29.8% and 17.9% market shares, respectively in 2022, and demand from these applications is predicted to increase at the rate of 9.0% and 10.2% over the decade.
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Competitive Landscape
Focus on geographical and capacity expansion along with investing resources in intensifying manufacturing capacities to augment production are the key strategies of European manufacturers of electrical steel.
In addition to this, they are also investing in developing innovative products to be used for several applications and fulfil the varied demands of clients.
For instance :
- ArcelorMittal acquired John Lawrie Metals Ltd. in 2022. The company is a Scottish steel recycling business, and its acquisition will allow ArcelorMittal to enhance the use of scrap steel to reduce CO2 emissions from steelmaking.
- In 2021, Novolipetsk Steel (NMLK) announced the building of a grain-oriented steel plant in the state of Maharashtra in India. The installation of metal structures has already been commenced and the plant will produce 64,000 MT of grain-oriented steel annually.
Fact.MR has provided detailed information about the price points of key manufacturers of electrical steel positioned across Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Segments of Europe Electrical Steel Industry Survey
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Europe Electrical Steel Market by Product Type :
- Grain-Oriented Electrical Steel
- Non-Grain-Oriented Electrical Steel
- Fully-Processed
- Semi-Processed
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Europe Electrical Steel Market by Application :
- Inductors
- Transformers
- Transmission
- Portable
- Distribution
- Motors
- 1hp – 100hp
- 101hp – 200hp
- 201hp – 500hp
- 501hp – 1000hp
- Above 1000hp
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Europe Electrical Steel Market by End-use Industry :
- Automotive
- Manufacturing
- Energy
- Household Appliances
- Others (Construction, Fabrication)
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Europe Electrical Steel Market by Country :
- Germany
- Italy
- France
- Spain
- U.K.
- Russia
- BENELUX
- Rest of Europe
Table of Content
1. Executive Summary 1.1. Europe Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background and Foundation Data Points 3.1. Europe Steel Industry Overview 3.2. Europe Electrical Steel Market Overview 3.3. Application and Properties of Electrical Steel 3.4. Electrical Steel Production Capacity 3.5. Raw Material Sourcing & Strategy 3.6. Electrical Steel: Apparent Production and Consumption Analysis 3.7. Scenario Forecast 3.7.1. Demand in Optimistic Scenario 3.7.2. Demand in Likely Scenario 3.7.3. Demand in Conservative Scenario 3.8. Macro-Economic Factors 3.9. Forecast Factors - Relevance & Impact 3.10. Opportunity Assessment 3.10.1. Total Available Market 3.10.2. Service Addressable Market 3.10.3. Service Obtainable Market 3.11. Market Dynamics 3.11.1. Drivers 3.11.2. Restraints 3.11.3. Opportunity 3.11.4. Trends 3.12. Investment Feasibility Matrix 3.13. PESTLE Analysis & Porter’s Assessment 4. Value Chain Analysis 4.1. Operating Margins (at each node of value chain) 4.2. Key Manufacturers 4.3. Key Distributors 4.4. Key Buying Industries 5. Europe Electrical Steel Market Volume 2017-2021 Analysis and Forecast, 2022-2032 5.1. Historical Market Volume (Kilo Tons) Analysis, 2017-2021 5.2. Current and Future Market Volume (Kilo Tons) Projections, 2022-2032 5.3. Y-o-Y Growth Trend Analysis 6. Europe Electrical Steel Market - Pricing Analysis 6.1. Regional Pricing Analysis (US$/Ton) By Product Type, 2022 6.2. Pricing Break-up 6.3. Europe Average Pricing Analysis Benchmark 7. Europe Electrical Steel Market Value 2017-2021 Analysis and Forecast, 2022-2032 7.1. Historical Market Value (US$ Billion) Analysis, 2017-2021 7.2. Current and Future Market Value (US$ Billion) Projections, 2022-2032 7.3. Y-o-Y Growth Trend Analysis 8. Europe Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Analysis By Product Type, 2017-2021 8.3. Current and Future Market Size (US$ Billion) and Volume (Kilo Tons) Analysis and Forecast By Product Type, 2022-2032 8.3.1. Grain-Oriented Electrical Steel 8.3.2. Non-Grain Oriented Electrical Steel 8.3.2.1. Fully-Processed 8.3.2.2. Semi-Processed 8.4. Market Attractiveness Analysis By Product Type 9. Europe Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Analysis By Application, 2017-2021 9.3. Current and Future Market Size (US$ Billion) and Volume (Kilo Tons) Analysis and Forecast By Application, 2022-2032 9.3.1. Inductors 9.3.2. Transformers 9.3.2.1. Transmission 9.3.2.2. Portable 9.3.2.3. Distribution 9.3.3. Motors 9.3.3.1. 1hp – 100hp 9.3.3.2. 101hp – 200hp 9.3.3.3. 201hp – 500hp 9.3.3.4. 501hp – 1000hp 9.3.3.5. Above 1000hp 9.4. Market Attractiveness Analysis By Application 10. Europe Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032, By End-Use Industry 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Analysis By End-Use Industry, 2017-2021 10.3. Current and Future Market Size (US$ Billion) and Volume (Kilo Tons) Analysis and Forecast By End-Use Industry, 2022-2032 10.3.1. Automotive 10.3.2. Manufacturing 10.3.3. Energy 10.3.4. Household Appliance 10.3.5. Others (Construction, Fabrication) 10.4. Market Attractiveness Analysis By End-Use Industry 11. Europe Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032, By Country 11.1. Introduction 11.2. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Analysis By Country, 2017-2021 11.3. Current and Future Market Size (US$ Billion) and Volume (Kilo Tons) Analysis and Forecast By Country, 2022-2032 11.3.1. Germany 11.3.2. Italy 11.3.3. France 11.3.4. Spain 11.3.5. U.K. 11.3.6. Russia 11.3.7. BENELUX 11.3.8. Rest of Europe 11.4. Market Attractiveness Analysis By Country 12. Germany Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 12.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Product Type 12.2.2. By Application 12.2.3. By End-Use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Application 12.3.3. By End-Use Industry 12.4. Key Takeaways 13. Italy Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 13.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Product Type 13.2.2. By Application 13.2.3. By End-Use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Application 13.3.3. By End-Use Industry 13.4. Key Takeaways 14. France Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 14.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Product Type 14.2.2. By Application 14.2.3. By End-Use Industry 14.3. Market Attractiveness Analysis 14.3.1. By Product Type 14.3.2. By Application 14.3.3. By End-Use Industry 14.4. Key Takeaways 15. Spain Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 15.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 15.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 15.2.1. By Product Type 15.2.2. By Application 15.2.3. By End-Use Industry 15.3. Market Attractiveness Analysis 15.3.1. By Product Type 15.3.2. By Application 15.3.3. By End-Use Industry 15.4. Key Takeaways 16. U.K. Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 16.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 16.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 16.2.1. By Product Type 16.2.2. By Application 16.2.3. By End-Use Industry 16.3. Market Attractiveness Analysis 16.3.1. By Product Type 16.3.2. By Application 16.3.3. By End-Use Industry 16.4. Key Takeaways 17. Russia Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 17.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 17.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 17.2.1. By Product Type 17.2.2. By Application 17.2.3. By End-Use Industry 17.3. Market Attractiveness Analysis 17.3.1. By Product Type 17.3.2. By Application 17.3.3. By End-Use Industry 17.4. Key Takeaways 18. BENELUX Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 18.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 18.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 18.2.1. By Product Type 18.2.2. By Application 18.2.3. By End-Use Industry 18.3. Market Attractiveness Analysis 18.3.1. By Product Type 18.3.2. By Application 18.3.3. By End-Use Industry 18.4. Key Takeaways 19. Rest of Europe Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032 19.1. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 19.2. Market Size (US$ Billion) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022-2032 19.2.1. By Product Type 19.2.2. By Application 19.2.3. By End-Use Industry 19.3. Market Attractiveness Analysis 19.3.1. By Product Type 19.3.2. By Application 19.3.3. By End-Use Industry 19.4. Key Takeaways 20. Market Structure Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Market Share Analysis of Top Players 20.3.1. Regional Footprint of Players 20.3.2. Production Footprint of Players 20.3.3. Channel Footprint of Players 21. Competition Analysis 21.1. Competition Deep Dive 21.1.1. Novolipetsk Steel (NMLK) 21.1.1.1. Overview 21.1.1.2. Product Type Portfolio 21.1.1.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.1.4. Sales Footprint 21.1.1.5. Strategy Overview 21.1.1.5.1.1. Marketing Strategy 21.1.1.5.1.2. Product Type Strategy 21.1.1.5.1.3. Channel Strategy 21.1.2. ArcelorMittal 21.1.2.1. Overview 21.1.2.2. Product Type Portfolio 21.1.2.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.2.4. Sales Footprint 21.1.2.5. Strategy Overview 21.1.2.5.1.1. Marketing Strategy 21.1.2.5.1.2. Product Type Strategy 21.1.2.5.1.3. Channel Strategy 21.1.3. Cogent Power Limited 21.1.3.1. Overview 21.1.3.2. Product Type Portfolio 21.1.3.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.3.4. Sales Footprint 21.1.3.5. Strategy Overview 21.1.3.5.1.1. Marketing Strategy 21.1.3.5.1.2. Product Type Strategy 21.1.3.5.1.3. Channel Strategy 21.1.4. Phoenix Mecano AG 21.1.4.1. Overview 21.1.4.2. Product Type Portfolio 21.1.4.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.4.4. Sales Footprint 21.1.4.5. Strategy Overview 21.1.4.5.1.1. Marketing Strategy 21.1.4.5.1.2. Product Type Strategy 21.1.4.5.1.3. Channel Strategy 21.1.5. Thyssenkrupp AG 21.1.5.1. Overview 21.1.5.2. Product Type Portfolio 21.1.5.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.5.4. Sales Footprint 21.1.5.5. Strategy Overview 21.1.5.5.1.1. Marketing Strategy 21.1.5.5.1.2. Product Type Strategy 21.1.5.5.1.3. Channel Strategy 21.1.6. Voestalpine Camtec GmbH 21.1.6.1. Overview 21.1.6.2. Product Type Portfolio 21.1.6.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.6.4. Sales Footprint 21.1.6.5. Strategy Overview 21.1.6.5.1.1. Marketing Strategy 21.1.6.5.1.2. Product Type Strategy 21.1.6.5.1.3. Channel Strategy 21.1.7. Aperam S.A. 21.1.7.1. Overview 21.1.7.2. Product Type Portfolio 21.1.7.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.7.4. Sales Footprint 21.1.7.5. Strategy Overview 21.1.7.5.1.1. Marketing Strategy 21.1.7.5.1.2. Product Type Strategy 21.1.7.5.1.3. Channel Strategy 21.1.8. SMS Group GmbH 21.1.8.1. Overview 21.1.8.2. Product Type Portfolio 21.1.8.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.8.4. Sales Footprint 21.1.8.5. Strategy Overview 21.1.8.5.1.1. Marketing Strategy 21.1.8.5.1.2. Product Type Strategy 21.1.8.5.1.3. Channel Strategy 21.1.9. Acciaieria Arvedi 21.1.9.1. Overview 21.1.9.2. Product Type Portfolio 21.1.9.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.9.4. Sales Footprint 21.1.9.5. Strategy Overview 21.1.9.5.1.1. Marketing Strategy 21.1.9.5.1.2. Product Type Strategy 21.1.9.5.1.3. Channel Strategy 21.1.10. Acronic International GmbH 21.1.10.1. Overview 21.1.10.2. Product Type Portfolio 21.1.10.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.10.4. Sales Footprint 21.1.10.5. Strategy Overview 21.1.10.5.1.1. Marketing Strategy 21.1.10.5.1.2. Product Type Strategy 21.1.10.5.1.3. Channel Strategy 21.1.11. Erdemir Romania S.R.L. 21.1.11.1. Overview 21.1.11.2. Product Type Portfolio 21.1.11.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.11.4. Sales Footprint 21.1.11.5. Strategy Overview 21.1.11.5.1.1. Marketing Strategy 21.1.11.5.1.2. Product Type Strategy 21.1.11.5.1.3. Channel Strategy 21.1.12. Severstal 21.1.12.1. Overview 21.1.12.2. Product Type Portfolio 21.1.12.3. Profitability by Market Segments (Product Type/Age /Flow/Region) 21.1.12.4. Sales Footprint 21.1.12.5. Strategy Overview 21.1.12.5.1.1. Marketing Strategy 21.1.12.5.1.2. Product Type Strategy 21.1.12.5.1.3. Channel Strategy 22. Assumptions & Acronyms Used 23. Research Methodology
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List Of Table
Table 01. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 02. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 03. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 04. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 05. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 06. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 07. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 08. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 09. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 10. Europe Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 11. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 12. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 13. Europe Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 14. Europe Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 15. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 16. Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 17. Germany Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 18. Germany Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 19. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 20. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 21. Germany Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 22. Germany Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 23. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 24. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 25. Germany Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 26. Germany Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 27. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 28. Germany Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 29. Italy Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 30. Italy Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 31. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 32. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 33. Italy Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 34. Italy Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 35. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 36. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 37. Italy Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 38. Italy Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 39. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 40. Italy Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 41. France Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 42. France Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 43. France Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 44. France Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 45. France Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 46. France Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 47. France Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 48. France Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 49. France Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 50. France Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 51. France Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 52. France Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 53. Spain Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 54. Spain Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 55. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 56. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 57. Spain Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 58. Spain Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 59. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 60. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 61. Spain Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 62. Spain Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 63. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 64. Spain Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 65. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 66. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 67. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 68. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 69. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 70. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 71. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 72. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 73. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 74. U.K. Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 75. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 76. U.K. Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 77. Russia Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 78. Russia Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 79. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 80. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 81. Russia Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 82. Russia Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 83. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 84. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 85. Russia Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 86. Russia Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 87. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 88. Russia Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 89. Rest of Europe Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 90. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 91. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 92. Rest of Europe Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 93. Rest of Europe Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 94. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 95. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 96. Rest of Europe Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 97. Rest of Europe Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 98. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 99. Rest of Europe Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
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List Of Figures
Figure 01. Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 02. Europe Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 03. Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04. Europe Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 05. Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 06. Europe Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 07. Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 08. Europe Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 09. Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 10. Europe Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 11. Germany Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 12. Germany Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 13. Germany Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 14. Germany Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 15. Germany Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 16. Germany Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 17. Germany Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 18. Germany Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 19. Germany Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 20. Germany Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 21. Germany Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 22. Italy Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 23. Italy Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 24. Italy Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 25. Italy Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 26. Italy Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 27. Italy Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 28. Italy Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 29. Italy Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 30. Italy Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 31. Italy Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 32. Italy Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 33. France Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 34. France Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 35. France Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 36. France Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 37. France Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 38. France Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 39. France Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 40. France Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 41. France Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 42. France Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 43. France Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 44. Spain Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 45. Spain Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 46. Spain Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 47. Spain Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 48. Spain Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 49. Spain Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 50. Spain Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 51. Spain Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 52. Spain Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 53. Spain Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 54. Spain Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 55. U.K. Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 56. U.K. Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 57. U.K. Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 58. U.K. Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 59. U.K. Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 60. U.K. Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 61. U.K. Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 62. U.K. Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 63. U.K. Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 64. U.K. Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 65. U.K. Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 66. Russia Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 67. Russia Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 68. Russia Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 69. Russia Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 70. Russia Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 71. Russia Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 72. Russia Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 73. Russia Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 74. Russia Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 75. Russia Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 76. Russia Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 77. BENELUX Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 78. BENELUX Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 79. BENELUX Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 80. BENELUX Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 81. BENELUX Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 82. BENELUX Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 83. BENELUX Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 84. BENELUX Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 85. BENELUX Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 86. BENELUX Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 87. BENELUX Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 88. Rest of Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 89. Rest of Europe Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 90. Rest of Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 91. Rest of Europe Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 92. Rest of Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 93. Rest of Europe Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 94. Rest of Europe Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 95. Rest of Europe Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 96. Rest of Europe Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 97. Rest of Europe Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 98. Rest of Europe Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
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- FAQs -
How is electrical steel consumption evolving across Europe?
The Europe electrical steel market is estimated at US$ 6.3 billion and is anticipated to surpass US$ 16.9 billion by 2032-end.
At what rate did demand for electrical steel increase between 2017 and 2021?
Over the past 4 years, consumption of electrical steel in Europe increased at 7.6% CAGR.
Who are the prominent manufacturers of electrical steel in Europe?
Key suppliers of electrical steel in Europe are Novolipetsk Steel (NMLK), ArcelorMittal, Thyssenkrupp AG, Acronic International GmbH, and Erdemir Romania S.R.L.
How is the Russia electrical steel market shaping up?
Russia leads the European market for electrical steel market accounting for 47.6% share in 2022.
Which type of electrical steel accounts for the most sales in Europe?
Non-grain-oriented electrical steel accounts for 73.7% share in the European market.
Europe Electrical Steel Market