Canada Electrical Steel Sheet Market

Canada Electrical Steel Sheet Market Insights Forecasts to 2035

• The Canada Electrical Steel Sheet Market Size Was Estimated at USD 706.29 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 7.4% from 2025 to 2035
• The Canada Electrical Steel Sheet Market Size is Expected to Reach USD 1549.52 Million by 2035

According to a research report published by Decisions Advisors, the Canadian Electrical Steel Sheet Market size is anticipated to reach USD 1549.52 million by 2035, growing at a CAGR of 7.4% from 2025 to 2035. The market is driven by growing the infrastructure for renewable energy, producing more electric vehicles, and increasing the need for energy-efficient electrical equipment in many industrial sectors.

Market Overview

The Canada electrical steel sheet market refers to the production, distribution, and consumption of specially engineered steel sheets that possess high magnetic permeability, low energy loss, and improved efficiency when magnetized. These sheets are primarily used in transformers, motors, generators, and other electrical equipment to enhance energy efficiency and performance across Canada’s power and industrial sectors.

Rapid technological breakthroughs, stricter environmental regulations, and rising demand from both established and emerging nations are all contributing factors to the electrical steel sheets market's impending transformation. Transformer cores for power plants and transformer substations, as well as motor cores for hybrid vehicles, battery-electric vehicles, and other EVs, are made from electrical steel sheets. The need to address climate change is a problem, and the need for transformers and EVs is anticipated to rise in tandem with the development of renewable energy generation and grid infrastructure. To provide a consistent supply of electrical steel sheets to fulfill this expanding worldwide demand, the expansion of the necessary supply chains has become an urgent concern.

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Report Coverage

This research report categorizes the market for the Canada electrical steel sheet market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada electrical steel sheet market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada electrical steel sheet market.

Driving Factors

The electrical steel sheet market in Canada is driven by the growing number of electric vehicle (EV) infrastructure increasing. With governments and corporate sectors spending extensively in EV charging stations and related technologies, the need for electrical steel sheets is likely to expand. due to the rising focus on green power options. As countries attempt to meet their energy needs effectively, the usage of electrical steel sheets in wind turbines and solar inverters is becoming increasingly popular. According to market research, the market for energy-efficient appliances is predicted to expand at a compound annual growth rate of 8% in the next years, which will increase demand for electrical steel sheets.

Restraining Factors

The electrical steel sheet market in Canada is majorly restrained by the high manufacturing expenses associated with advanced grain-oriented and non-oriented electrical steel grades function as a primary limitation. For certain end users, especially in areas where prices are sensitive, this restricts affordability.  The slow pace of infrastructural development and industrial growth in some locations limits regional demand. Reliance on virgin raw materials is increased and sustainability choices are diminished due to the inadequate infrastructure for recovering electrical steel scrap.

Market Segmentation

The Canadian electrical steel sheet market share is categorised by application, grade, and core loss.  

• The transformers segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Canadian electrical steel sheet market is segmented by application into transformers, motors, generators, relays, inductors, other. Among these, the transformers segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by motors represent the leading application within the Electrical Steel Sheet Sector, propelled by their ubiquitous use in several sectors like industrial, automotive, and HVAC systems. Their effectiveness and performance are vital, encouraging producers to spend money on better electrical steel.

• The grain-oriented segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

Based on grade, the Canadian electrical steel sheet market is segmented into fully processed, semi-processed, non-oriented, grain-oriented. Among these, the grain-oriented segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth of the segment is driven by the power transformers and generators require grain-oriented electrical steel sheets due to their remarkable magnetic properties. Because of how well it reduces energy losses, this category leads the market.

• The less than 0.5 w/kg segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Canadian electrical steel sheet market is segmented by core loss into less than 0.5 w/kg, 0.5-1.0 w/kg, 1.0-1.5 w/kg, 1.5-2.0 w/kg, and more than 2.0 w/kg. Among these, the less than 0.5 w/kg segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by the increases in the need for electrical steel sheets, recognized for their excellent effectiveness in decreasing energy losses in generators, motors, and transformers. Companies who prioritize ecological practices and renewable power rules are especially drawn to this sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada electrical steel sheet market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Pointe Claire Steel Inc
• Steelcon
• Aecelor Mittal Dofasco
• Electrowind
• Electro Cables Inc
• Prime Steel Co.
• Lintel Structure
• REV
• El-Met Parts Inc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Canada Electrical Steel Sheet Market based on the below-mentioned segments:

Canada Electrical Steel Sheet Market, By Application

• Transformers
• Motors
• Generators
• Relays
• Inductors
• Others

Canada Electrical Steel Sheet Market, By Grade

• Fully Processed
• Semi-Processed
• Non-Oriented
• Grain-Oriented

Canada Electrical Steel Sheet Market, By Core Loss

• Less than 0.5 W/kg
• 0.5-1.0 W/kg
• 1.0-1.5 W/kg
• 1.5-2.0 W/kg
• More than 2.0 W/kg

FAQ’s

Q: What is the Canadian electrical steel sheet market size?

A: The Canada Electrical Steel Sheet Market size is expected to grow from USD 706.29 million in 2024 to USD 1549.52 million by 2035, growing at a CAGR of 7.4% during the forecast period 2025-2035.  

Q: What is electrical steel sheet, and its primary use?

A:  Rapid technological breakthroughs, stricter environmental regulations, and rising demand from both established and emerging nations are all contributing factors to the electrical steel sheets market's impending transformation. Transformer cores for power plants and transformer substations, as well as motor cores for hybrid vehicles, battery-electric vehicles, and other EVs, are made from electrical steel sheets.

Q: What are the key growth drivers of the market?

A: Market growth is driven by the growing number of electric vehicle (EV) infrastructure increasing. The demand for electrical steel sheets is expected to increase as a result of significant investments made by corporations and governments in EV charging stations and associated technologies. due to the rising focus on green power options.

Q: What factors restrain the Canadian electrical steel sheet market?

A: The Market is restrained by the high manufacturing expenses associated with advanced grain-oriented and non-oriented electrical steel grades function as a primary limitation. For certain end users, especially in areas where prices are sensitive, this restricts affordability.  

Q: How is the market segmented by material?

A: The market is segmented into transformers, motors, generators, relays, inductors, and others.

Q: Who are the key players in the Canadian electrical steel sheet market?

A: Key companies include Pointe Claire Steel Inc., Steelcon, Aecelor Mittal Dofasco, Electrowind, Electro Cables Inc., Prime Steel Co., Lintel Structure, REV, and El-Met Parts Inc, and Others.