Electrical Steel Sheet Market Report 2025 (Global Edition)

Global Electrical Steel Sheet Market Report 2025 Market Size Split by Type (Grain-Oriented Electrical Steel (GOES), Non-Grain Oriented Electrical Steel (NGOES)), by Application (Transformers, Motors, ...

Electrical Steel Sheet Market Report Description

We have various report editions of Electrical Steel Sheet Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Electrical Steel Sheet Market Insights Video

Competitive Landscape of the Electrical Steel Sheet Market

The electrical steel sheet market is highly competitive, with key players leading through technological advancements and high-quality product offerings. Companies focus on innovation, particularly in high-grade, grain-oriented steel for transformers and energy-efficient solutions for electric vehicles. Regional manufacturers are expanding to meet local demand, especially in Asia-Pacific, where infrastructure growth is strong. Strategic partnerships, capacity expansions, and a focus on sustainability are central strategies for gaining a competitive edge in this evolving market.

In February 2024, ArcelorMittal Nippon Steel India (AM/NS India) has today published its first Climate Action report announcing immediate actions to speed up and decarbonize India's growth, in line with India's climate commitments by 2050. (Source: https://corporate.arcelormittal.com/media/news-articles/arcelormittal-nippon-steel-india-targets-a-reduction-in-emissions-intensity-by-20-by-2030) In May 2023, Aramco, Baoshan Iron & Steel Co., Ltd. (Baosteel), and the Public Investment Fund (PIF) signed a shareholders' agreement to develop a fully integrated steel plate manufacturing facility in Saudi Arabia. (Source: https://www.aramco.com/en/news-media/news/2023/aramco-baosteel-and-pif-sign-agreement)

Top Companies Market Share in Electrical Steel Sheet Industry: (In no particular order of Rank)

• Cogent Power
• Nippon Steel & Sumitomo Metal Corporation
• POSCO
• Baosteel
• China Baowu Steel Group Corporation Limited
• Ansteel Group Corporation Limited
• United States Steel Corporation
• ArcelorMittal
• Tata Steel Limited
• SAIL (Steel Authority of India Limited)
• Voestalpine Group
• Baosteel Group (Baowu Steel Group Corporation Limited)
• Jindal Steel and Power Limited
• JFE Steel Corporation
• Essar Steel
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electrical Steel Sheet Market

Which Region Dominates the Electrical Steel Sheet Market in 2024?

According to Cognitive Market Research, North America currently dominates the Electrical Steel Sheets market, and the region is expected to have significant growth during the projected period. This is due to its strong demand for energy-efficient infrastructure, extensive investments in renewable energy, and advanced automotive manufacturing.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid industrialization, infrastructure development, and rising demand for electric vehicles and renewable energy.

The current report Scope analyzes Electrical Steel Sheet Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Electrical Steel Sheet Market Analysis

According to Cognitive Market Research, the global Electrical Steel Sheet market size was estimated at USD 41251.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 16500.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Electrical Steel Sheet market with a market size of USD 13018.97 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to the growing infrastructure and renewable energy projects.
• The Canada Electrical Steel Sheet market had a market share of USD 1980.07 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period due to the rising investment in energy-efficient electrical equipment.
• The Mexico Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1501.55 million in 2024.

Europe Electrical Steel Sheet Market Analysis

According to Cognitive Market Research, the global Electrical Steel Sheet market size was estimated at USD 41251.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 12375.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Electrical Steel Sheet market had a market share of USD 2079.08 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Electrical Steel Sheet sales witness an upswing due to the expansion of renewable energy infrastructure.
• The France Electrical Steel Sheet market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1138.54 million in 2024.
• According to Cognitive Market Research, the German Electrical Steel Sheet market size was valued at USD 2450.34 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Electrical Steel Sheet surged due to the growing demand for electric vehicles (EVs).
• The Italy Electrical Steel Sheet market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1064.29 million in 2024.
• The Russian electrical Steel Sheet market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 1918.19 million in 2024.
• The Spain Electrical Steel Sheet market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 1014.79 million in 2024
• The Luxembourg Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 383.64 million in 2024.
• The Portugal Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 259.88 million in 2024.
• The Greece Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 148.51 million in 2024.
• The Rest of Europe's Electrical Steel Sheet market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 1918.19 million in 2024.

Asia Pacific Electrical Steel Sheet Market Analysis

According to Cognitive Market Research, the global Electrical Steel Sheet market size was estimated at USD 41251.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 9487.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Electrical Steel Sheet market size was valued at USD 4269.53 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Electrical Steel Sheet surged in China due to the increasing demand for electric vehicles and power transformers.
• The Japan Electrical Steel Sheet market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1309.32 million in 2024.
• The India Electrical Steel Sheet market had a market share of USD 1138.54 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period due to the Government Initiatives to Promote Manufacturing and Infrastructure Growth .
• The South Korean Electrical Steel Sheet market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 948.78 million in 2024.
• The Australian Electrical Steel Sheet market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 493.37 million in 2024.
• The South East Asia Electrical Steel Sheet market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 654.66 million in 2024.
• The Rest of Asia Pacific Electrical Steel Sheet market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 673.64 million in 2024.

South America Electrical Steel Sheet Market Analysis

According to Cognitive Market Research, the global Electrical Steel Sheet market size was estimated at USD 41251.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 2062.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electrical Steel Sheet market size was valued at USD 882.78 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Electrical Steel Sheets flourished in Brazil due to the government initiatives to boost manufacturing capabilities.
• Argentina's Electrical Steel Sheet market had a market share of USD 346.51 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period due to the rapid industrialization and urbanization .
• Colombia's Electrical Steel Sheet market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 183.57 million in 2024.
• Peru Electrical Steel Sheet market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 169.13 million in 2024.
• Chile's Electrical Steel Sheet market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 148.51 million in 2024.
• The Rest of Latin America's Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 332.07 million in 2024.

Middle East Electrical Steel Sheet Market Analysis

According to Cognitive Market Research, the global Electrical Steel Sheet market size was estimated at USD 41251.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 825.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Electrical Steel Sheet market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 353.11 million in 2024. Electrical Steel Sheet sales flourish due to industrial growth and infrastructure development.
• The Egypt Electrical Steel Sheet market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 86.63 million in 2024.
• The South Africa Electrical Steel Sheet market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 130.35 million in 2024. Electrical Steel Sheet sales flourished in South Africa due to the growing demand for electric vehicles (EVs).
• The Turkey Electrical Steel Sheet market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 70.95 million in 2024.
• The Nigeria Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 86.63 million in 2024.
• The Rest of the MEA Electrical Steel Sheet market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 97.35 million in 2024.

Electrical Steel Sheet Market Analysis

Electrical Steel Sheet Market Type Segment Analysis

According to Cognitive Market Research, grain-oriented electrical steel (GOES) is likely to dominate the Electrical Steel Sheet Market over the forecast period due to its superior magnetic properties, making it ideal for transformers and electrical generators. Its ability to reduce energy loss and improve efficiency in power distribution and transmission systems has driven widespread adoption in energy infrastructure and electric vehicle applications.

The grain-oriented electrical steel (GOES) is the fastest-growing segment in the Electrical Steel Sheet Market due to its superior magnetic properties, which enhance efficiency in transformers and power generators. The growing demand for energy-efficient power transmission and renewable energy solutions is driving the increased adoption of GOES in these applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electrical Steel Sheet Industry. Request a Free Sample PDF!

Electrical Steel Sheet Market Application Segment Analysis

According to Cognitive Market Research, the transformers segment holds the largest share of the market due to their high demand in power generation and distribution. Electrical steel, particularly grain-oriented types, is crucial for reducing energy losses in transformers. The growing need for efficient electrical grids and renewable energy sources drives significant consumption of electrical steel sheets in transformer manufacturing.

In the Electrical Steel Sheet Market, the motors sector has been expanding at a rapid pace due to the increasing demand for energy-efficient electric motors in industries such as automotive, renewable energy, and consumer electronics. Electrical steel sheets enhance motor efficiency, making them crucial for electric vehicles, industrial applications, and renewable energy systems.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electrical Steel Sheet End User Segment Analysis

Electrical Steel Sheet Market End User Segment Analysis

According to Cognitive Market Research, the energy segment dominates the market due to the material's essential role in transformers, generators, and power grids. Electrical steel sheets enhance efficiency by minimizing energy loss in electrical devices, driving demand in the power generation and transmission sectors, particularly as the world shifts toward renewable energy solutions.

Automotive is projected to be the fastest-growing segment in the Electrical Steel Sheet market due to the increasing demand for electric vehicles (EVs). Electrical steel sheets are critical for improving motor efficiency and power density in EVs, driving manufacturers to adopt advanced, high-performance steel solutions for energy-efficient vehicle designs.

• Energy
• Automotive
• Manufacturing
• Consumer Appliances
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion