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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electrical steel, also known as silicon steel, is an iron and silicon steel alloy that is used to make the cores of electric vehicle motors, transformers, and generators.
This more malleable kind of steel exhibits a wide range of magnetic properties as well as high permeability and little core loss. Its narrow hysteresis curve accounts for its low magnetic hysteresis and iron losses, or energy loss. There are two different sorts of constructions for electrical steel: oriented and non-oriented.
Due to the consistent and stable grain orientation of grain-oriented electrical steel, greater flux densities and magnetic saturation are possible. Because their magnetic field directions are predictable and exact, transformers are most usually made of grain-oriented electrical steel.
The Canada EV Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The development of a Do col 1900 MPa martensitic automobile steel grade was disclosed by SSAB. Initial production tests demonstrate that the 1900 megapascal martensitic steel can be produced on the SSAB's current steelmaking lines.
Do col 1900M will eventually surpass all other AHSS steels for cold-forming body-in-white (BIW) components if development proceeds as expected. Transversal and longitudinal beams, reinforcements, and battery pack protection are promising BIW uses for 1900 martensitic.
EV OEMs may be able to take use of 1900M UHSS's robust, inexpensive, and lightweight design alternatives that are not now accessible. 1900 martensitic will probably be shaped mostly by roll forming, while cold stamping may be an option provided the item is not very complicated and spring back is correctly anticipated and corrected for.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2027 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |