In 2020, the global electrical steel market was sized at roughly 14.5 billion U.S. dollars. According to recent projections, the market size of steel for electrical equipment applications was expected to reach 22.5 billion U.S. dollars by 2027. Electrical steel is widely used in transformers, motors, and other electromagnetic devices, mainly for applications in the the automotive and electricity distribution sectors.
Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars)
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Statistics on
About the industry
10
- Premium Statistic Global steel industry - Nucor Corporation's revenue 2006-2022
- Premium Statistic Global steel usage by sector 2022
- Premium Statistic Global stainless steel usage by sector 2022
- Premium Statistic Global automotive & aerospace steel market size 2020-2027
- Premium Statistic Nucor's net sales by product category 2021
- Premium Statistic U.S. Steel Corporation's revenue 2012-2021
- Premium Statistic Global structural steel market size 2019-2026
- Premium Statistic Steel industry - global number of Nucor employees 2006-2019
- Premium Statistic Reliance Steel & Aluminum: sales by product as a share of sales 2017
- Basic Statistic U.S. Steel's net sales by product category 2017
About the region
10
- Premium Statistic Global silicon wafer revenue 2010-2022
- Premium Statistic Global silicon wafer area shipments 2010-2022
- Premium Statistic Change in steel use by region 2018-2022
- Premium Statistic Leading steel importers globally by country 2022
- Premium Statistic Apparent steel use worldwide by region 2020
- Premium Statistic AHMSA: volume of steel products sold 2015-2018
- Premium Statistic AHMSA: liquid steel production 2012-2018
- Premium Statistic Monthly prices for nickel worldwide from January 2014 to January 2024
- Premium Statistic Worldwide supply of platinum 2005-2023
- Premium Statistic Global demand for platinum 2005-2023
Selected statistics
4
Other regions
9
- Premium Statistic Apparent use of finished steel products in the UK 2009-2022
- Premium Statistic Steel scrap exports from Russia 2021, by country
- Premium Statistic Steel demand in the U.S. 2013-2021
- Premium Statistic Metal freight moved by train in Great Britain 2002-2021
- Premium Statistic Steel demand in China
- Premium Statistic Steel demand in Japan
- Basic Statistic Volume of steel demand South Korea 2010-2022
- Premium Statistic Semi-finished and finished steel goods export in Poland 2009-2019
- Premium Statistic Mexican steel scrap exports 2000-2021
Related statistics
10
- Premium Statistic Iron and steel scrap: exports from the U.S. 2006-2022
- Premium Statistic Semi-finished and finished steel goods export in the United Kingdom (UK) 2004-2022
- Premium Statistic Monthly primary iron production in the United Kingdom (UK) 2021
- Premium Statistic Semi-finished and finished steel good imports in the United Kingdom (UK) 2004 to 2022
- Premium Statistic Long steel product exports from the U.S. 2000-2022
- Basic Statistic Ingots and semis export in the United Kingdom (UK) 2004 to 2021
- Premium Statistic Apparent steel use per capita in Austria 2009-2021
- Premium Statistic Canada's steel industry - exports of long steel products 2000-2022
- Basic Statistic Imports of long steel products in the United Kingdom (UK) 2009 to 2021
- Basic Statistic Exports of flat steel products in the United Kingdom (UK) 2009 to 2022
Further Content: You might find this interesting as well
Statista. (March 10, 2022). Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 19, 2024, from https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/
Statista. "Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars)." Chart. March 10, 2022. Statista. Accessed April 19, 2024. https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/
Statista. (2022). Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 19, 2024. https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/
Statista. "Electrical Steel Market Size Worldwide between 2020 and 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Mar 2022, https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/
Statista, Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/ (last visited April 19, 2024)
Electrical steel market size worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph], Statista, March 10, 2022. [Online]. Available: https://www.statista.com/statistics/1109730/electrical-steel-market-size-worldwide/