EUROPE EV STEEL MARKET

INTRODUCTION

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.

EUROPE EV STEEL MARKETSIZE AND FORECAST

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.

EUROPE EV STEEL MARKET DYNAMICS

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.

COMPANY PROFILE

• Voestalpine AG
• Baosteel Group Hu
• JFE Holdings, Inc
• Cleveland-Cliffs Inc.
• Slovenian Steel Group

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Europe EV Steel Market  right now and how will it change in next 5-6 years? 
2. Average cost to set up anEV Steel Marketin Europe?
3. How manyEurope EV Steel Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally? 
5. Cost breakup of a Europe EV Steel Market  and key vendor selection criteria
6. Where is theEurope EV Steel Market  manufactured? What is the average margin per equipment?
7. Market share ofEurope EV Steel Market  manufacturers and their upcoming products
8. The most important planned Europe EV Steel Market  in next 2 years
9. Details on network of majorEurope EV Steel Market  and pricing plans
10. Cost advantage for OEMs who manufactureEurope EV Steel Market  in-house
11. 5 key predictions for next 5 years inEurope EV Steel Market
12. Average B-2-BEurope EV Steel Marketprice in all segments
13. Latest trends inEurope EV Steel Market, by every market segment
14. The market size (both volume and value) ofEurope EV Steel Marketin 2024-2030 and every year in between?
15. Global production breakup ofEurope EV Steel Market, by suppliers and their OEM relationship