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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Strong batteries are not the most crucial component for automobile electric motors. Electrical steel, a particularly unique material, is required to transfer the electricity from the battery to the road.
Magnetic soft substance known as electrical steel. An external magnetic field produces a magnetic flux density that is many times greater in such materials than it would be in air. Simply put, the soft magnetic materials amplify the magnetic field. An electric motor's torque is mostly determined by flux density.
Another crucial factor determining the effectiveness of electric drives is core losses. Due to these losses, which are brought on by the magnetic field's constantly shifting direction, some of the energy required to drive the electric motor is wasted as heat.
The frequency with which the magnetic field changes its direction, as well as the calibre of the electrical steel, affect the level of core losses.
TheIndia EV Steel Marketaccounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 203.
The first maker of lithium-ion battery components in India, Epsilon Advanced Materials Pvt, is based in the southern state of Karnataka and sources its raw materials from JSW Steel, the biggest steel mill in the nation.
ESL Steel Ltd., a Vedanta Group company, announced that it had started providing electric vehicles for employees traveling in Bokaro as part of its ESL Ride Green initiative.
This was done in an effort to lessen the company's carbon footprint, fossil fuel consumption, and greenhouse gas (GHS) emissions.ESL intends to convert buses throughout the next phase in order to get closer to its goal of switching totally to EVs.
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, 2024 |
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, 2024 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |