U.S. Electrical Steel Market
U.S. Electrical Steel Market Analysis By Product Type, By Application, By End-Use & By Region – Global Market Insights 2022 to 2032
Analysis of U.S. Electrical Steel market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
U.S. Electrical Steel Industry Outlook (2022-2032)
The U.S. electrical steel arcade is estimated to cross US$ 7.3 billion in revenue by the end of 2032, up from a valuation of US$ 3.7 billion in 2022.
The market witnessed 5% historic growth rate from 2017 to 2021; however, it is predicted to rise faster at 7.1% CAGR during the forecast years of 2022-2032..
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Report Attributes |
Details |
|---|---|
|
U.S. Market Size (2021A) |
US$ 3.5 Billion |
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Estimated Market Value (2022E) |
US$ 3.7 Billion |
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Forecasted Market Value (2032F) |
US$ 7.3 Billion |
|
U.S. Market Growth Rate (2022-2032) |
7.1% CAGR |
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South-West U.S. Market Share (2021) |
~25.7% |
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South-West U.S. Growth Rate (2022-2032) |
~7.4% CAGR |
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Market Share of Top 5 Companies |
~33% |
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Key Companies Profiled |
|
Estimated market growth is high due to the rising demand for grain-oriented steel products and non-grain-oriented steel products, along with the several benefits of electrical steel for a wide range of applications
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U.S. Electrical Steel Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)
Electrical steel is specialty steel that is manufactured by modifying the magnetic properties of conventional steel, inducing high permeability. It is used to manufacture generators, power transformers, inductors, etc. Demand for electrical steel is rising steadily for several applications across end-use industries.
Initiatives undertaken to streamline power distribution centers are also supporting product demand. Moreover, the rising popularity of electric vehicles and opportunities in the automotive industry will also fuel demand for electrical steel over the coming years.
- Short Term (2022 Q2 to 2025): Unique magnetic properties of electrical steel, resulting in low core loss and ensuring high permeability, to support short-term market demand growth.
- Medium Term (2025-2028): Companies investing in research and development to make use of safe and environment-friendly materials, along with developing products complying with local market regulations, is fuel market growth in medium term.
- Long Term (2028-2032): Wide application scope of electrical steel in consumer appliances along with product innovation in electrical steel to propel long-term market expansion.
Electrical steel sales across the U.S. registered a CAGR of 5% from 2017 to 2021. As per this detailed market analysis, the market is projected to exhibit 7.1% CAGR during the assessment period of 2022-2032.
Market share analysis of product type and region is provided in the above image in a nutshell. Under the product type segment, grain-oriented electrical steel held the largest market share of 52.8% in 2021.
Why is Demand for Electrical Steel High in the United States?
“Increasing Demand for Grain-oriented & Non-grain-oriented Products”
Consumption of power and energy is rising because of the rising population, rapid industrialization, and increasing per capita income. Strict government regulations concerning CO2 emissions focus on energy efficiency and environmental sustainability, which are some of the factors driving demand for grain-oriented and non-grain-oriented variants. This is to be used in high-power transformers and motors, especially for power transmission and distribution purposes.
Key market players are focusing on safe and environment-friendly materials such as chrome-free phosphate insulation coatings to grain-oriented products to eliminate the risks from hexavalent chrome and deliver safe and eco-friendly superior insulation coatings.
“Robust Industrial Growth to Anchor Consumption Behavior”
In industrial sectors such as mining, manufacturing, utilities, construction, oil & gas, etc., demand for structural components and engine components such as composite parts is anticipated to rise over the coming years. To capitalize on this trend, many companies are entering the market to expand their geographical footprint.
Players in the market are investing their resources in research, development, and innovation to develop products that comply with the safety norms of local markets, which is likely to provide unexploited opportunities and aid manufacturers enhance their market share.
Companies are developing flat-rolled for motors, transformers, and generators. Demand for extremely thin electrical steel strips for high-frequency applications is also witnessing an increase owing to technological advancements, in turn, anchoring the consumption behavior and fueling market growth in the United States.
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Region-wise Insights
Which U.S. Regions Account for Higher Consumption of Electrical Steel?
“Demand for Electrical Steel to Be Higher in South-West U.S. & West U.S.”
The South-West U.S. and the West U.S. hold 25.7% and 22.4% share, respectively, in the overall U.S. market. These regional markets are projected to rise at 7.4% and 7.1% CAGRs across the assessment period.
This high market growth is attributed to factors such as growing emphasis on power generation and electric vehicle production, fueling the need for electric motors and charging stations, in turn, supporting market growth.
For instance, more companies in these regions are investing in building electric vehicles. In addition to increasing investments in the electric vehicle industry, companies are also highlighting electric motors as well by undertaking capacity expansion. They are developing a new class of power electronics with patented coil driver technology to enhance electric motor and battery performance.
Category-wise Insights
Which Type of Holds Dominance in the U.S.?
“Grain-oriented Segment to Bring in Higher Revenues for Market Participants”
Under the product type segment, the market is segmented into grain-oriented and non-grain-oriented variables. Grain-oriented segment holds 52.8% market share and is valued at US$ 1.9 billion, which is estimated to rise to US$ 4.1 billion by 2032, expanding at an impressive CAGR of 8.1%.
Grain-oriented variant delivers high permeability and low energy loss as it is composed of iron with 3% Si content. Grain-oriented grades carry strong crystallographic properties and exhibit better magnetic properties in the rolling direction of the sheet. Along with this, they are also used for non-rotating applications such as transformers.
The non-grain-oriented segment is valued at US$ 1.7 billion and accounts for 47.2% market share. The segment is estimated to register a CAGR of 5.9% over the assessment period.
Factors such as carrying uniform magnetic properties in all directions, providing better thermal conductivity, and no need for a recrystallization process to develop properties are supporting segmental growth.
Where is Electrical Steel Used the Most in the United States?
The U.S. market, under application, is segmented into inductors, transformers, and motors.
The motors segment rules the market with 53.3% share and is valued at US$ 1.9 billion in 2022. The segment is projected to expand at 7.5% CAGR to exceed a market valuation of US$ 4.1 billion by end of 2032.
Factors such as excellent magnetic properties, high permeability, and high frequency of electrical steel make it preferable for electric motors. Rising emphasis on EV production is supporting the demand for electric motors, which, in turn, is fueling product demand.
In addition, electric motors used in industrial machinery provide 4X higher speed, making them more reliable and augmenting motor durability.
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Competitive Landscape
Prominent players in the United States market are focusing on expanding their manufacturing capacities to increase production and grab a larger market share.
Market players are also looking to launch innovative and developed products for a wide range of applications to fulfill the expanding demand of a growing client base.
For instance :
- United States Steel Corporation acquired Big River Steel in 2021. This acquisition will enable profitable growth via sustainable production of high-strength steel.
- Cleveland-Cliffs Inc. acquired AK Steel Holding Corporation in 2020. This acquisition will provide a unique strength to the company and add blast furnace steel mills, an HBI plant, and electric arc furnace plants along with other technologically-developed facilities in the company.
Fact.MR has provided detailed information about the price points of key manufacturers of electrical steel positioned across the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Segments of U.S. Electrical Steel Industry Survey
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By Product Type :
- Grain-Oriented
- Non-Grain-Oriented
- Fully-Processed
- Semi-Processed
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By Application :
- Inductors
- Transformers
- Transmission
- Portable
- Distribution
- Motors
- 1hp – 100hp
- 101hp – 200hp
- 201hp – 500hp
- 501hp – 1000hp
- Above 1000hp
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By End-use Industry :
- Automotive
- Manufacturing
- Energy
- Household Appliances
- Others (Construction, Fabrication)
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By Region :
- West U.S.
- South-West U.S.
- Mid-West U.S.
- North-East U.S.
- South-East U.S.
Table of Content
1. Executive Summary 1.1. US 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. US Steel Industry Overview 3.2. US 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 and Porter’s Analysis 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. US 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. US Electrical Steel Market - Pricing Analysis 6.1. Regional Pricing Analysis (US$/Unit) By Product Type, 2022 6.2. Pricing Break-up 6.3. US Average Pricing Analysis Benchmark 7. US Electrical Steel Market Value 2017-2021 Analysis and Forecast, 2022-2032 7.1. Historical Market Value (US$ 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. US 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. US 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. US 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. US Electrical Steel Market 2017-2021 Analysis and Forecast 2022-2032, By Regions 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Billion) and Volume (Kilo Tons) Analysis By Regions, 2017-2021 11.3. Current and Future Market Size (US$ Billion) and Volume (Kilo Tons) Analysis and Forecast By Regions, 2022- 2032 11.3.1. West US 11.3.2. South-West US 11.3.3. Mid-West US 11.3.4. North-East US 11.3.5. South-East US 11.4. Market Attractiveness Analysis By Regions 12. West US 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. South-West US 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. Mid-West US 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. North-East US 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. South-East US 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. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. Regional Footprint of Players 17.3.2. Product Footprint of Players 17.3.3. Channel Footprint of Players 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. AK Steel Holding Corporation 18.1.1.1. Overview 18.1.1.2. Product Type Portfolio 18.1.1.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Type Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Allegheny Technologies, Inc. 18.1.2.1. Overview 18.1.2.2. Product Type Portfolio 18.1.2.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Type Strategy 18.1.2.5.3. Channel Strategy 18.1.3. United States Steel Corporation 18.1.3.1. Overview 18.1.3.2. Product Type Portfolio 18.1.3.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Type Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Cleveland-Cliffs, Inc. 18.1.4.1. Overview 18.1.4.2. Product Type Portfolio 18.1.4.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Type Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Arnold Medical Technologies 18.1.5.1. Overview 18.1.5.2. Product Type Portfolio 18.1.5.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Type Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Big River Steel (BRS) 18.1.6.1. Overview 18.1.6.2. Product Type Portfolio 18.1.6.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Type Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Continental Steel & Tube Co. 18.1.7.1. Overview 18.1.7.2. Product Type Portfolio 18.1.7.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Type Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Johnson Bros. Metal Forming Co. 18.1.8.1. Overview 18.1.8.2. Product Type Portfolio 18.1.8.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Type Strategy 18.1.8.5.3. Channel Strategy 18.1.9. AAA Metals Company, Inc. 18.1.9.1. Overview 18.1.9.2. Product Type Portfolio 18.1.9.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Type Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Gibbs Wire & Steel Company, LLC 18.1.10.1. Overview 18.1.10.2. Product Type Portfolio 18.1.10.3. Profitability by Market Segments (Product Type/Age /Sales Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Type Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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List Of Table
Table 01. US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 02. US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 03. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 04. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 05. US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 06. US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 07. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 08. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 09. US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 10. US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 11. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 12. US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 13. US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 14. US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 15. US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 16. US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 17. West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 18. West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 19. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 20. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 21. West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 22. West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 23. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 24. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 25. West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 26. West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 27. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 28. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 29. West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 30. West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 31. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 32. West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 33. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 34. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 35. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 36. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 37. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 38. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 39. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 40. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 41. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 42. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 43. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 44. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 45. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 46. South-West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 47. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 48. South-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 49. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 50. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 51. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 52. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 53. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 54. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 55. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 56. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 57. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 58. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 59. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 60. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 61. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 62. Mid-West US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 63. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 64. Mid-West US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 65. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 66. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 67. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 68. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 69. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 70. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 71. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 72. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 73. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 74. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 75. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 76. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 77. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 78. North-East US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 79. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 80. North-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
Table 81. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2017-2021
Table 82. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Region, 2022-2032
Table 83. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 84. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 85. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2017-2021
Table 86. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Product Type, 2022-2032
Table 87. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2017-2021
Table 88. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Product Type, 2022-2032
Table 89. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2017-2021
Table 90. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by Application, 2022-2032
Table 91. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2017-2021
Table 92. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by Application, 2022-2032
Table 93. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2017-2021
Table 94. South-East US Electrical Steel Market Value (US$ Billion) and Forecast by End-Use Industry, 2022-2032
Table 95. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017-2021
Table 96. South-East US Electrical Steel Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022-2032
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List Of Figures
Figure 01. US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 02. US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 03. US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04. US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 05. US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 06. US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 07. US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 08. US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 09. US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 10. US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 11. West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 12. West US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 13. West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 14. West US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 15. West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 16. West US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 17. West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 18. West US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 19. West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 20. West US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 21. West US Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 22. West US Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 23. West US Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 24. South-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 25. South-West US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 26. South-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 27. South-West US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 28. South-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 29. South-West US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 30. South-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 31. South-West US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 32. South-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 33. South-West US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 34. South-West US Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 35. South-West US Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 36. South-West US Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 37. Mid-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 38. Mid-West US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 39. Mid-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 40. Mid-West US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 41. Mid-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 42. Mid-West US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 43. Mid-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 44. Mid-West US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 45. Mid-West US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 46. Mid-West US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 47. Mid-West US Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 48. Mid-West US Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 49. Mid-West US Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 50. North-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 51. North-East US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 52. North-East US Electrical Steel Market Value (US$ Billion) by Region, 2022 & 2032
Figure 53. North-East US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 54. North-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 55. North-East US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 56. North-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 57. North-East US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 58. North-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 59. North-East US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 60. North-East US Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 61. North-East US Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 62. North-East US Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
Figure 63. South-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 64. South-East US Electrical Steel Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 65. South-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 66. South-East US Electrical Steel Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 67. South-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 68. South-East US Electrical Steel Market Y-o-Y Growth Rate by Product Type, 2022-2032
Figure 69. South-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 70. South-East US Electrical Steel Market Y-o-Y Growth Rate by Application, 2022-2032
Figure 71. South-East US Electrical Steel Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 72. South-East US Electrical Steel Market Y-o-Y Growth Rate by End-Use Industry, 2022-2032
Figure 73. South-East US Electrical Steel Market Attractiveness Analysis by Product Type, 2022-2032
Figure 74. South-East US Electrical Steel Market Attractiveness Analysis by Application, 2022-2032
Figure 75. South-East US Electrical Steel Market Attractiveness Analysis by End-Use Industry, 2022-2032
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- FAQs -
What is the size of the U.S. electrical steel market?
The U.S. electrical steel market is estimated at US$ 3.7 billion in 2022 and is anticipated to surpass US$ 7.3 billion by 2032.
What was the last 5-year CAGR for electrical steel demand in the U.S.?
Between 2017 and 2021, sales of electrical steel in the U.S. increased at 5% CAGR.
Who are the prominent players in the U.S. electrical steel market?
Prominent suppliers of electrical steel in the U.S. are AK Steel Holding Corporation, Allegheny Technologies, Inc., United States Steel Corporation, and Cleveland-Cliffs, Inc.
Which is the leading regional market for electrical steel?
South-West U.S. leads the market accounting for 25.7% share in 2022.
Which type of electrical steel holds the highest market share?
Grain-oriented electrical steel accounts for 52.8% market share in the United States.
U.S. Electrical Steel Market