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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
For many years, the automotive and alternative vehicle electrification trends have been centred on electrical steel (commonly referred to as silicon steel due to its composition).
Strong magnetic qualities of this iron alloy make it a good choice for transformers and electric motors, among other uses. Of course, an essential component in turning electrical energy into mechanical energy is the core material of an electric motor.
The non-grain-oriented electrical steel (NOES) market is essential to the motor core stamping process, which creates the rotor and stator.
Non-oriented electrical steel sheets are used in motors and other machinery that requires multidirectional magnetization, as opposed to grain-oriented steel. Particularly, hybrid and electric motors demand an unique "xEV" grade.
TheUS 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.
POSCO has unveiled its battery pack and steel after launching the e Autopos brand, an EV body concept (PBC-EV), and new electrical steel for motors .
The POSCO Battery Pack for Electric Vehicle (PBP-EV) is a battery pack designed by POSCO to fit a third-generation electric vehicle skateboard made of Giga Steel, stainless steel, and wire rod. The roll-forming process used to create ultra-high strength steel has improved collision safety performance.
In order to shield the vehicle from external shock, heat, vibration, and other hazards, the battery pack's stainless steel is applied to the module's outside frame construction.
This module has a set number of battery cells that are grouped together. Due to its strength and corrosion resistance, stainless steel offers the benefit of preventing battery cell swelling while charging and discharging. It also has the advantage of avoiding rusting even in the presence of moisture inside the battery pack.
| 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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