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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electric motors, solenoids, tiny relays, generators, and other devices all use electrical steel, a soft magnetic material with enhanced electrical properties. Other names for it include silicon steel, lamination steel, and transformer steel.
The iron-silicon alloy known as electrical steel, also known as silicon steel, has better magnetic properties than other types of steel alloys, making it ideal for a range of electrical machinery, including power and distribution transformers and electric motors.
Grain-oriented electrical steel (GOES) and non-oriented electrical steel are the two main subcategories of the commercial electrical steel market (NOES). While rotating machinery like motors and generators, which need multidirectional magnetization, uses NOES, static machinery like transformers uses GOES, which only has to be magnetized in one direction.
The Saudi Arabia EV Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
As part of efforts to entice investment into the mining sector, Saudi Arabia's Ministry of Industry and Mineral Resources has secured billions for a steel plate mill complex and an electric vehicle battery metals production. Nine mining projects for midstream metals and minerals would be funded by the ministry's goal.
In addition to a "green" flat steel complex that will service the automotive, food packaging, machinery and equipment, and other industrial sectors, the nine projects also include a steel plate mill complex for the shipbuilding, oil and gas, construction, and defense industries.
| 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 |
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