SOUTH AFRICA EV STEEL MARKET

INTRODUCTION

Electrical steels can be found in every component of a contemporary car, from the tiny motors that move seats and mirrors to the bigger ones that power hybrid or all-electric vehicles' propulsion systems. In those alternative drive trains, traction motors and generators are especially reliant on highly efficient electrical steels.

Steel physically "moves" in electric motors because they rely on contemporary electrical steel to move a vehicle forward.

A fully electrified car weighs between 40 and 100 kilogrammes of non-grain oriented electrical steel. Steel producers are concentrating on strengthening and thinning electrical steel, a magnetically soft material, without affecting its magnetization. As a result, the motor's overall weight is decreased. 

SOUTH AFRICA EV STEEL MARKET SIZE AND FORECAST

The South Africa 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.

SOUTH AFRICA EV STEEL MARKET NEW PRODUCT LAUNCH

For the broadest selection of alternatives for electrical machine builders, ArcelorMittal provides a wide spectrum of electrical steels along with cutting-edge characterisation and modelling tools.

For instance, to suit the needs of automobile traction applications, ArcelorMittal created the iCARe series of cutting-edge, non-oriented, completely treated electrical steel grades.

The iCARe steels offer from ArcelorMittal has been modified and optimised in order to guarantee the lowest losses are attained at a medium frequency range of about 400 Hertz (Hz).

Driving range can be increased thanks to ArcelorMittal's electrical steel offer's great energy efficiency. Additionally, they enable machine designers to scale back the cooling systems that electric motors require, resulting in a lighter overall vehicle.

SOUTH AFRICA EV STEEL MARKET COMPANY PROFILES

• Aperam
• ArcelorMittal
• Baosteel Group Hu
• Cleveland-Cliffs Inc.
• JFE Holdings, Inc
• Nippon Steel Corporation
• Allengency Technologies
• Electrosteel Limited
• Angang Steel Company Limited
• Essar Steel

THIS SOUTH AFRICA EV STEEL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per South Africa EV Steel Industry right now and how will it change in the next 5-6 years?
2. Average cost to set up an EV Steel Market in South Africa?
3. How many South Africa EV Steel Industry are 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 South Africa EV Steel Industry and key vendor selection criteria
6. Where is the South Africa EV Steel Industry manufactured? What is the average margin per equipment?
7. Market share of South Africa EV Steel Industry manufacturers and their upcoming products
8. The most important planned South Africa EV Steel Industry in next 2 years
9. Details on network of major South Africa EV Steel Industry and pricing plans
10. Cost advantage for OEMs who manufacture South Africa EV Steel Industry in-house
11. 5 key predictions for next 5 years in South Africa EV Steel Industry
12. Average B-2-B South Africa EV Steel Market price in all segments
13. Latest trends in South Africa EV Steel Market, by every market segment
14. The market size (both volume and value) of South Africa EV Steel Market in 2024-2030 and every year in between?
15. Global production breakup of South Africa EV Steel Market, by suppliers and their OEM relationship