전기강판 시장 규모, 점유율 및 동향 분석 보고서 : 제품별, 용도별, 지역별, 부문별 예측(2026-2033년)

Electrical Steel Market Summary

The global electrical steel market size was estimated at USD 31.00 billion in 2025 and is projected to reach USD 46.97 billion by 2033, at a CAGR of 5.5% from 2026 to 2033. Electrical steel continues to gain importance across generators, electric motors, relays, solenoids, and advanced electromagnetic devices that support modern power distribution and energy infrastructure.

These components form the backbone of grid systems, industrial machinery, and mobility technologies that rely on efficient magnetic performance. The U.S. remains the second-largest electricity generator globally. In 2024, the country produced nearly 4,300 TWh of electricity, reflecting steady grid expansion and rising consumption from electrified industries. This sustained generation activity strengthens demand for high-grade electrical steel used in transformers, distribution equipment, and power-handling machinery.

The electric vehicle industry delivers an even stronger push. Electrical steel offers magnetic characteristics that are essential for the rotors and stators of EV motors, helping minimize core losses and extend driving range. As global EV adoption accelerates, automakers increasingly prioritize premium electrical steel grades to enhance performance. In 2024, global electric car sales exceeded 17 million units, marking an all-time high and confirming the transition toward large-scale electrification. This surge in EV output directly elevates the use of electric motors, intensifying the requirement for both grain-oriented and non-oriented electrical steel.

Growth in the EV sector also demonstrates resilience. Despite uneven trends in the broader automotive market, EV sales in 2024 continued to climb sharply, strengthening long-term expectations for global electrification. Increasing production volumes across major EV manufacturing hubs encourage higher consumption of high-efficiency motor components, pushing electrical steel demand from mobility applications to record levels. With automakers scaling dedicated EV platforms, the material's importance across the automotive value chain becomes even more prominent.

Manufacturers of electrical steel are responding to this momentum with capacity expansion initiatives. Companies across Asia, Europe, and North America have invested in new cold-rolling, annealing, and coating lines to meet tightening efficiency standards and larger order volumes. In India, earlier moves toward capacity building have evolved into concrete project developments as demand from EVs, power transformers, and industrial machinery continues to grow. Strategic partnerships focused on technology transfer and production scaling highlight the sector's shift toward regional self-sufficiency.

Global Electrical Steel Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electrical steel market report based on product, application, and region.

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
• Grain Oriented Electrical Steel
• Non-Grain Oriented Electrical Steel
• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
• Transformers
• Motors
• Inductors
• Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa
  • Iran

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation & Scope
• 1.2. Market Definition
• 1.3. Information Procurement
  • 1.3.1. Information Analysis
  • 1.3.2. Data Analysis Models
  • 1.3.3. Market Formulation & Data Visualization
  • 1.3.4. Data Validation & Publishing
• 1.4. Research Scope and Assumptions
  • 1.4.1. List of Data Sources

Chapter 2. Executive Summary

• 2.1. Market Outlook
• 2.2. Segmental Outlook
• 2.3. Competitive Outlook

Chapter 3. Market Variables, Trends, and Scope

• 3.1. Market Outlook
• 3.2. Industry Value Chain Analysis
• 3.3. Technology Overview
• 3.4. Regulatory Framework
• 3.5. Market Dynamics
  • 3.5.1. Market Driver Analysis
  • 3.5.2. Market Restraint Analysis
• 3.6. Industry Trends
  • 3.6.1. ESG Analysis
  • 3.6.2. Economic Trends
• 3.7. Porter's Five Forces Analysis
  • 3.7.1. Bargaining Power of Suppliers
  • 3.7.2. Bargaining Power of Buyers
  • 3.7.3. Threat of Substitution
  • 3.7.4. Threat of New Entrants
  • 3.7.5. Competitive Rivalry
• 3.8. PESTLE Analysis
  • 3.8.1. Political
  • 3.8.2. Economic
  • 3.8.3. Social Landscape
  • 3.8.4. Technology
  • 3.8.5. Environmental
  • 3.8.6. Legal

Chapter 4. Electrical Steel Market: Product Estimates & Trend Analysis

• 4.1. Electrical Steel Market: Product Movement Analysis, 2025 & 2033
• 4.2. Grain Oriented Electrical Steel
  • 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
• 4.3. Non-Grain Oriented Electrical Steel
  • 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)

Chapter 5. Electrical Steel Market: Application Estimates & Trend Analysis

• 5.1. Electrical Steel Market: Application Movement Analysis, 2025 & 2033
• 5.2. Transformers
  • 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
• 5.3. Motors
  • 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
• 5.4. Inductors
  • 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
• 5.5. Others
  • 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)

Chapter 6. Electrical Steel Market: Regional Estimates & Trend Analysis

• 6.1. Regional Analysis, 2025 & 2033
• 6.2. North America
  • 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
  • 6.2.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
  • 6.2.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.2.4. U.S.
    • 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.2.5. Canada
    • 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.5.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.2.6. Mexico
    • 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.2.6.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
• 6.3. Europe
  • 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
  • 6.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
  • 6.3.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.3.4. Germany
    • 6.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.3.5. Russia
    • 6.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.5.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.3.6. France
    • 6.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.3.6.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
• 6.4. Asia Pacific
  • 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
  • 6.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
  • 6.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.4.4. China
    • 6.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.4.5. India
    • 6.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.5.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.4.6. Japan
    • 6.4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.4.6.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
• 6.5. Latin America
  • 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
  • 6.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
  • 6.5.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.5.4. Brazil
    • 6.5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.5.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.5.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
• 6.6. Middle East & Africa
  • 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
  • 6.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
  • 6.6.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)
  • 6.6.4. Iran
    • 6.6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
    • 6.6.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
    • 6.6.4.3. Market estimates and forecasts, by product, 2021 - 2033 (USD Million) (Kilotons)

Chapter 7. Competitive Landscape

• 7.1. Recent Developments & Impact Analysis, By Key Market Participants
• 7.2. Company Categorization
• 7.3. Heat Map Analysis
• 7.4. Vendor Landscape
  • 7.4.1. List of distributors
• 7.5. List of prospective end-users
• 7.6. Strategy Initiatives
• 7.7. Company Profiles/Listing
  • 7.7.1. Nippon Steel Corporation
    • 7.7.1.1. Company Overview
    • 7.7.1.2. Financial Performance
    • 7.7.1.3. Product Benchmarking
  • 7.7.2. POSCO
    • 7.7.2.1. Company Overview
    • 7.7.2.2. Financial Performance
    • 7.7.2.3. Product Benchmarking
  • 7.7.3. Voestalpine AG
    • 7.7.3.1. Company Overview
    • 7.7.3.2. Financial Performance
    • 7.7.3.3. Product Benchmarking
  • 7.7.4. ArcelorMittal
    • 7.7.4.1. Company Overview
    • 7.7.4.2. Financial Performance
    • 7.7.4.3. Product Benchmarking
  • 7.7.5. JFE Steel Corporation
    • 7.7.5.1. Company Overview
    • 7.7.5.2. Financial Performance
    • 7.7.5.3. Product Benchmarking
  • 7.7.6. Baosteel
    • 7.7.6.1. Company Overview
    • 7.7.6.2. Financial Performance
    • 7.7.6.3. Product Benchmarking
  • 7.7.7. Shougang Group
    • 7.7.7.1. Company Overview
    • 7.7.7.2. Financial Performance
    • 7.7.7.3. Product Benchmarking
  • 7.7.8. Thyssenkrupp Steel Europe
    • 7.7.8.1. Company Overview
    • 7.7.8.2. Financial Performance
    • 7.7.8.3. Product Benchmarking
  • 7.7.9. Tata Steel
    • 7.7.9.1. Company Overview
    • 7.7.9.2. Financial Performance
    • 7.7.9.3. Product Benchmarking
  • 7.7.10. China Steel Corporation
    • 7.7.10.1. Company Overview
    • 7.7.10.2. Financial Performance
    • 7.7.10.3. Product Benchmarking