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 to 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 to 2032 and generate US$ 10.6 billion in absolute dollar opportunity over the assessment period.
| Report Attributes | Details |
|---|---|
| Europe Electrical Steel Market Size (2021A) | US$ 5.8 Billion |
| Estimated Market Value (2022E) | US$ 6.3 Billion |
| Forecasted Market Value (2032F) | US$ 16.9 Billion |
| Europe Market Growth Rate (2022 to 2032) | 10.3% CAGR |
| Russia Market Share (2021) | ~47.6% |
| Russia Market Growth Rate (2022 to 2032) | ~8.5% CAGR |
| Market Share of Top 5 Companies | ~45% |
| Key Companies Profiled | Novolipetsk Steel (NMLK); ArcelorMittal; Cogent Power Limited; Phoenix Mecano AG; Thyssenkrupp AG; Voestalpine Camtec GmbH; Aperam S.A.; SMS Group GmbH; Acciaieria Arvedi; Acronic International GmbH; Erdemir Romania S.R.L.; Severstal |
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 to 2021) Vs. Growth Forecasts (2022 to 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 to 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 to 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 to 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 to 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.
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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.
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 to 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.
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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.
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
-
Europe Electrical Steel Market by Product Type :
- Grain-Oriented Electrical Steel
- Non-Grain-Oriented Electrical Steel
- Fully-Processed
- Semi-Processed
-
Europe Electrical Steel Market by Application :
- Inductors
- Transformers
- Transmission
- Portable
- Distribution
- Motors
- 1hp – 100hp
- 101hp – 200hp
- 201hp – 500hp
- 501hp – 1000hp
- Above 1000hp
-
Europe Electrical Steel Market by End-use Industry :
- Automotive
- Manufacturing
- Energy
- Household Appliances
- Others (Construction, Fabrication)
-
Europe Electrical Steel Market by Country :
- Germany
- Italy
- France
- Spain
- U.K.
- Russia
- BENELUX
- Rest of Europe
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Value Chain Analysis
- 5. Europe Market Volume 2017 to 2021 Analysis and Forecast 2022 to 2032
- 6. Europe Market - Pricing Analysis
- 7. Europe Market Value 2017 to 2021 Analysis and Forecast 2022 to 2032
- 8. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Product Type
- 8.1. Grain-Oriented Electrical Steel
- 8.2. Non-Grain Oriented Electrical Steel
- 8.2.1. Fully-Processed
- 8.2.2. Semi-Processed
- 9. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Application
- 9.1. Inductors
- 9.2. Transformers
- 9.2.1. Transmission
- 9.2.2. Portable
- 9.2.3. Distribution
- 9.3. Motors
- 9.3.1. 1hp – 100hp
- 9.3.2. 101hp – 200hp
- 9.3.3. 201hp – 500hp
- 9.3.4. 501hp – 1000hp
- 9.3.5. Above 1000hp
- 10. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End-Use Industry
- 10.1. Automotive
- 10.2. Manufacturing
- 10.3. Energy
- 10.4. Household Appliance
- 10.5. Others (Construction, Fabrication)
- 11. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Country
- 11.1. Germany
- 11.2. Italy
- 11.3. France
- 11.4. Spain
- 11.5. U.K.
- 11.6. Russia
- 11.7. BENELUX
- 11.8. Rest of Europe
- 12. Germany Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. Italy Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. France Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. Spain Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. U.K. Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Russia Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 18. BENELUX Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 19. Rest of Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Novolipetsk Steel (NMLK)
- 21.2. ArcelorMittal
- 21.3. Cogent Power Limited
- 21.4. Phoenix Mecano AG
- 21.5. Thyssenkrupp AG
- 21.6. Voestalpine Camtec GmbH
- 21.7. Aperam S.A.
- 21.8. SMS Group GmbH
- 21.9. Acciaieria Arvedi
- 21.10. Acronic International GmbH
- 21.11. Erdemir Romania S.R.L.
- 21.12. Severstal
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01. Europe Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 02. Europe Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 03. Europe Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 04. Europe Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 05. Europe Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 06. Europe Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 07. Europe Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 08. Europe Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 09. Europe Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 10. Europe Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 11. Europe Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 12. Europe Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 13. Europe Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 14. Europe Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 15. Europe Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 16. Europe Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 17. Germany Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 18. Germany Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 19. Germany Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 20. Germany Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 21. Germany Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 22. Germany Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 23. Germany Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 24. Germany Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 25. Germany Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 26. Germany Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 27. Germany Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 28. Germany Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 29. Italy Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 30. Italy Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 31. Italy Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 32. Italy Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 33. Italy Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 34. Italy Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 35. Italy Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 36. Italy Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 37. Italy Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 38. Italy Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 39. Italy Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 40. Italy Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 41. France Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 42. France Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 43. France Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 44. France Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 45. France Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 46. France Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 47. France Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 48. France Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 49. France Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 50. France Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 51. France Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 52. France Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 53. Spain Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 54. Spain Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 55. Spain Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 56. Spain Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 57. Spain Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 58. Spain Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 59. Spain Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 60. Spain Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 61. Spain Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 62. Spain Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 63. Spain Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 64. Spain Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 65. U.K. Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 66. U.K. Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 67. U.K. Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 68. U.K. Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 69. U.K. Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 70. U.K. Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 71. U.K. Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 72. U.K. Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 73. U.K. Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 74. U.K. Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 75. U.K. Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 76. U.K. Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 77. Russia Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 78. Russia Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 79. Russia Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 80. Russia Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 81. Russia Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 82. Russia Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 83. Russia Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 84. Russia Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 85. Russia Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 86. Russia Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 87. Russia Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 88. Russia Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 89. Rest of Europe Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 90. Rest of Europe Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 91. Rest of Europe Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 92. Rest of Europe Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 93. Rest of Europe Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 94. Rest of Europe Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 95. Rest of Europe Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 96. Rest of Europe Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 97. Rest of Europe Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 98. Rest of Europe Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 99. Rest of Europe Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
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List Of Figures
Figure 01. Europe Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 02. Europe Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 03. Europe Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04. Europe Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. Europe Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 06. Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07. Europe Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 08. Europe Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 09. Europe Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 10. Europe Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 11. Germany Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 12. Germany Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 13. Germany Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 14. Germany Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 15. Germany Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 16. Germany Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 17. Germany Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 18. Germany Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 19. Germany Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 20. Germany Market Attractiveness Analysis by Application, 2022 to 2032
Figure 21. Germany Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 22. Italy Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 23. Italy Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 24. Italy Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 25. Italy Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 26. Italy Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 27. Italy Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 28. Italy Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 29. Italy Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 30. Italy Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31. Italy Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32. Italy Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 33. France Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 34. France Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 35. France Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 36. France Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 37. France Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 38. France Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 39. France Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 40. France Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 41. France Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 42. France Market Attractiveness Analysis by Application, 2022 to 2032
Figure 43. France Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 44. Spain Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 45. Spain Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 46. Spain Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 47. Spain Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 48. Spain Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 49. Spain Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 50. Spain Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 51. Spain Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 52. Spain Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 53. Spain Market Attractiveness Analysis by Application, 2022 to 2032
Figure 54. Spain Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 55. U.K. Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 56. U.K. Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 57. U.K. Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 58. U.K. Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59. U.K. Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 60. U.K. Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 61. U.K. Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 62. U.K. Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 63. U.K. Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 64. U.K. Market Attractiveness Analysis by Application, 2022 to 2032
Figure 65. U.K. Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 66. Russia Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 67. Russia Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 68. Russia Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 69. Russia Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 70. Russia Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 71. Russia Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 72. Russia Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 73. Russia Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 74. Russia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 75. Russia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 76. Russia Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 77. BENELUX Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 78. BENELUX Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 79. BENELUX Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 80. BENELUX Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 81. BENELUX Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 82. BENELUX Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 83. BENELUX Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 84. BENELUX Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 85. BENELUX Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 86. BENELUX Market Attractiveness Analysis by Application, 2022 to 2032
Figure 87. BENELUX Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 88. Rest of Europe Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 89. Rest of Europe Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 90. Rest of Europe Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 91. Rest of Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 92. Rest of Europe Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 93. Rest of Europe Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 94. Rest of Europe Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 95. Rest of Europe Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 96. Rest of Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 97. Rest of Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 98. Rest of Europe Market Attractiveness Analysis by End-Use Industry, 2022 to 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