Global Silicon Steel Sheets Market

Global Silicon Steel Sheets Market Overview

• Global Silicon Steel Sheets Market Size is Anticipated To Exceed USD 30.8 Billion by 2033, Growing at a CAGR of 5.6% from 2023 to 2033.
• The increasing use of electric vehicles and the growing need for energy-efficient electrical equipment are the main factors propelling the silicon steel sheet market. 
•  Components like electric motors, transformers, and generators which are critical for both conventional power systems and the electrification of transportation require silicon steel, commonly referred to as laminated steel.

Major vendors in the Global Silicon Steel Sheets Market 

Baosteel Group Corporation, Nippon Steel Corporation, JFE Steel Corporation, ArcelorMittal, Tata Steel Limited, Thyssenkrupp AG, Voestalpine AG, AK Steel Holding Corporation, POSCO, Nucor Corporation, United States Steel Corporation, Shougang Group, Ansteel Group Corporation, China Steel Corporation, Hebei Iron and Steel Group, Hyundai Steel Company, JSW Steel Ltd, Essar Steel India Limited, Gerdau S.A., and SSAB AB, and others. 

Market Segments

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the Global Silicon Steel Sheets Market based on the below-mentioned segments:

Global Silicon Steel Sheets Market, By Product Type 

• Grain-Oriented
• Non-Grain-Oriented

Global Silicon Steel Sheets Market, By Application

• Transformers
• Motors
• Generators
• Inductors
• Others

 Global Silicon Steel Sheets Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa