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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The cores of motors, transformers, and generators are made of electrical steel, also referred to as silicon steel, which is an iron and silicon steel alloy.
This more malleable kind of steel has a high permeability, little core loss, and a variety of magnetic characteristics. Its low magnetic hysteresis and iron losses, or energy loss, are caused by its tiny hysteresis curve.For electrical steel, there are two types of structures: oriented and non-oriented.
The structure of grain-oriented electrical steel allows for higher flux densities and magnetic saturation since the direction of the steel's grains is constant and stable.
Grain-oriented electrical steel is most frequently used for transformers because they have predictable and precise magnetic field directions.
TheEurope 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.
At its Mar Dyck location in the north of France, ArcelorMittal has announced an investment with backing from the French government to build a new manufacturing unit for electrical steels. Direct jobs will be created by this investment.
All of the group's electrical steels will be manufactured in France thanks to this new unit, which will focus on producing electrical steels for the engines of electric vehicles. It will complement ArcelorMittal's current electrical steel factory at Saint-Chelsy draper, in the south of France.
These steels, which are used in engines as stacks of very thin layers ranging in thickness from 0.2 to 0.35 millimeters for the automotive industry, are distinguished by their magnetic and mechanical properties, including high polarization to maximize engine performance, low losses to encourage vehicle autonomy, and high yield strength to support engine rotation.
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, 2024-2030 |
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 |