PR Newswire
DELRAY BEACH, Fla., May 13, 2026
DELRAY BEACH, Fla., May 13, 2026 /PRNewswire/ — According to MarketsandMarkets, ‘Electrical Steel Market by Type (Grain-oriented, Non-grain-oriented), Application (Transformers, Motors, Inductors), End-use Industry (Energy, Automotive, Manufacturing, Household Appliances), and Region – Global Forecast to 2031′, The electrical steel market is projected to grow from USD 62.93 billion in 2026 to USD 83.23 billion by 2031, representing a compound annual growth rate (CAGR) of 5.8% during this period.
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Electrical Steel Market Size & Forecast:
- Market Size Available for Years: 2022-2031
- 2026 Market Size: USD 62.93 billion
- 2031 Projected Market Size: 83.23 billion
- CAGR (2026-2031): 5.8%
Electrical Steel Market Trends & Insights:
- The use of electrical steel is gaining traction in industries such as energy and automotive because of its ability to form efficient coils of electrical wire. End-users are replacing conventional steels with value-added, electrically engineered steels that are designed to optimize the magnetic properties of electricity passing through electrical coils. At the same time, improvements in the manufacture of electrical steel (due to advances in domain refinement technology, coating technology, and high-precision rolling methods) are resulting in improved permeability of grain oriented electrical steels (e.g. lower hysteresis losses), enabling the development of higher performing electrical coils when placed under various operating conditions. These improvements are essential to addressing the increasing complexity of today’s electrical power systems as well as high-efficiency electric vehicle drivelines and renewable energy systems and correspondingly to improving the reliability and reducing energy losses of electrical systems.
- Asia Pacific accounted for a significant share of 51.6% in 2025.
- By type, the non-grain-oriented electrical steel segment is expected to be the largest in the forecasted period with 69.7% market share in 2025.
- By application, the transformers segment is projected to register the highest CAGR of43.9% during the period.
- By end-use industry, the energy segment dominated the market in 2025, accounting for 52.9% of the market share.
- ArcelorMittal (Luxembourg), POSCO (South Korea), China Baowu Steel Group Corporation Limited (China), voestalpine AG (Austria), and Nippon Steel Corporation (Japan) were identified as star players in the electrical steel market (global), given their strong market share and product footprint.
- Cleveland-Cliffs Inc. (US), Hebei Puyang Iron and Steel Group (China), JSW Steel (India), Angang Steel Company Limited (China) has distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
Browse in-depth TOC on ‘Electrical Steel Market’
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Electrical steel is a specialized steel engineered to deliver excellent magnetic performance and is typically used in electromagnetic applications such as transformers, motors, and generators. Electrical steel is made by combining silicon with iron (steel) and is processed using advanced rolling and annealing techniques to provide low core loss, high permeability, and improved energy efficiency. Electrical steel can be divided into two categories: grain-oriented and non-grain-oriented. Each type has specific application requirements based on the requirements of directionally or isotropically operating magnetic field performance. Usually, electrical steel is manufactured as very thin sheets and/or coils to reduce energy losses associated with eddy currents. The use of electrical steel extends across the energy, automotive, and industrial sectors, making it essential to the production of electrical power, transmission of electrical power, and electric mobility. The properties of electrical steel are improved through both precision processing and coating technologies, so that electrical steel is vital to the creation of high-efficiency, low-loss electrical systems in today’s infrastructure.
By type, the grain-oriented electrical steel segment accounted for the fastest CAGR during the forecasted period.
The Grain-Oriented Electrical Steel (GOES) segment is expected to register the fastest CAGR during the forecast period due to growing requirements for high-efficiency power transformers, due to a modernizing and expanding grid. GOES has been specifically manufactured to provide greater alignment of magnetic flux along a single axis, which dramatically reduces core losses in both transmission and distribution transformers. Investment in renewable energy, where efficient, long-distance transmission/transportation is essential, is driving growth in the more advanced grades of GOES. Additionally, in developed economies, high-efficiency transformers are replacing aging current transformers. Also, in developing economies, the increasing use of electricity as more consumers gain access is boosting demand for GOES transformers. Developmental innovations in coatings and refinement processes for GOES have improved performance, establishing GOES as one of the most important materials for next-generation energy systems.
By application, the transformers segment recorded the fastest CAGR during the forecast period.
The transformers segment is expected to register the fastest CAGR during the forecast period, driven by increasing demand for grid expansion, renewable energy integration, and cross-border power transmission systems. As electricity consumption continues to rise and energy systems become increasingly decentralized, utilities are installing more advanced and efficient transformers made from high-quality electrical steel to reduce core losses and improve load management. Moreover, the increasing complexity of power flows due to intermittent renewable resources has created a strong need for transformers that are more reliable and high performing. The replacement of aging grid infrastructure in developed nations, as well as electrification and rural connectivity projects in developing countries, are also substantially driving up demand. The combination of these trends will drive significant growth in the use of electrical steel in the transformer product segment.
By end-use industry, the energy segment accounted for the fastest CAGR during the forecast period.
The energy sector is anticipated to experience the fastest CAGR during the forecast period due to the drastic transition towards low-carbon and electrified infrastructures occurring within the worldwide electrical systems. A growing number of investments will be made in renewable energy projects, including wind and solar, thereby creating high demand for high-voltage electrical steels for use in generators, transformers, and grids. A growing need exists to manage variable power generation and maintain grid stability; therefore, manufacturers are advancing their production of next-generation electrical products with superior magnetic properties. In addition, demand for electricity is increasing due to the expansion of transmission networks, the electrification of rural communities, and the integration of large-scale energy storage. As countries work towards improving energy efficiency and meeting decarbonization targets, the electrical steel industry will grow quickly compared with other global industries (electricity has about 1/3 of the average total sales of other manufacturing industries).
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The Middle East & Africa region recorded the highest CAGR during the forecast period.
The Middle East & Africa region is expected to register the fastest CAGR during the forecast period, driven by rapidly increasing investment in all types of power infrastructure, grid expansion, and electrification initiatives. A major contributor to this increase in demand for electricity, and therefore the construction of new transmission and distribution systems, is the overall growth and urbanization of the population, which requires transformer equipment made from electrical steel. In addition, the growth of large-scale renewable energy projects (solar/wind) is generating significant demand for efficient grid integration and creating opportunities for new methods to reduce transmission losses and improve energy efficiency in the country, all of which are driving demand for new electrical steel grades. The ongoing growth of industrialization and the diversification of economies away from oil will continue to support the long-term growth of the Middle East and Africa as an emerging market for all types of electrical steels.
Key Players
The electrical steel market comprises major players such as ArcelorMittal (Luxembourg), POSCO (South Korea), China Baowu Steel Group Corporation Limited (China), voestalpine AG (Austria), Nippon Steel Corporation (Japan), United States Steel Corporation (US), Steel Authority of India Limited (SAIL) (India), Tata Steel (India), and thyssenkrupp AG (Germany) are covered in the electrical steel market. Partnerships, acquisitions, and expansions are among the major strategies adopted by these key players to enhance their positions in the electrical steel market.
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Tengo varias preguntas sobre esto a ver si me podiais aclarar:
-¿Puedo hacer un ingreso regular de 800 euros y me cobran 0euos de comisiones y mto.?
-¿Puedo sacar el dinero cuando quiera?,¿todo ó tengo entendido que hay que mantener un mínimo de 100 euros los 30 meses?
-No necesito pero me obligan a sacar una tarjeta de débito que me cuesta 11 euros el primer año y 22 euros la renovación, también otra de credito que me cuesta 0 euros el primer año y 35 euros la renovación.
¿Hay que mantenerlas 13 meses?
¿Puedo cancelar alguna de ellas desde el principio?
¿Puedo cancelar alguna de ellas antes de la renovación?
¿Hay alguna tarjeta de credito más barata?
Aparte de la cuenta nómina he visto que también que para que te den la tv también se puede sacar una cuenta tarifa plana básica o personal, ¿sabeis algo de estas cuentas?¿que requisitos tienen?
Muchas gracias a todos por responder
Yo fui a informarme y te cuento. Únicamente admiten los ingresos regulares en el caso de que seas autónomo. Te abren una cuenta Tarifa Plana Cero que está exenta de comisiones y presenta alguna ventaja más. Sobre dejar un mínimo de saldo en la cuenta no es necesario, pero sí te obligan a mantener varias tarjetas durante los 30 meses con un coste aproximado de 100 euros anuales.
hola buenas!
me llamo javi y estoy dudando de que banco, me puede dar mas beficios, sin sorpresas por domiciliar la nomina, ya que llevo años en la caixa y no me da nada ningun beneficio. es mas me rechazan los prestamos que solicito, ni siquiera una targeta de credito, por alegan de que siempre esta a cero la cuenta, yo cuando cobro la nomina dejo el dinero para los pagos, y saco el resto, pues no me fio, de que un dia me quede sin dinero, ya que esta todo muy mal, corre riesgo mi dinero o mis ahorros en el banco?? muchas gracias y un cordial saludo.
javi
NO TE EXTRAÑE QUE NO TE DEN LOS PTMOS, PORQUE LO QUE VEN ES QUE NO TIENES CAPACIDAD DE AHORRO PORQUE SIEMPRE DEJAS LA CTA. EN MINIMOS, ASI NINGUN BANCO TE LO VA A CONCEDER. TAMBIEN ES VERDAD QUE LA CAIXA, COMO TANTAS OTRAS CAJAS, TIENE EL PUÑO CERRADO PARA LOS RIESGOS, PARA REMONTAR. NO TE PREOCUPES, QUE POR UNA NOMINA NO CREO QUE NINGUN BANCO SE COJA LAS MANOS. LOS QUE SE TIENEN QUE PREOCUPAR SON LOS QUE TIENEN DÉPÓSITOS Y FONDOS EN BANCOS DE DUDOSA ACTIVIDAD. LA GENTE SE PIENSA QUE PORQUE LES DEN UN 7% YA ES UN GRAN BANCO Y SE EQUIVOCAN. LO QUE LES PASA ES QUE EL BANCO DE ESPAÑA LES PRESTA EL DINERO MAS CARO Y POR ESO OPTAN POR CONSEGUIRLO EN EL MERCADO MONETARIO, Y SI EL BANCO DE ESPAÑA NO SE FIA DE ELLOS, VA Y SE FIA LA GENTE. QUE LOS BANCOS NOES LA ADMON PUBLICA, ABRAN OS OJOS.
Hola , cuando vallais al banco queos dejen lo que hay que pagar de irpf y de iva sobre el valor de la tele ya que en la mayoria de bancos esto no lo dicen y luego llagan las sorpresas .A mi ya me ha pasado con la promoción del portatil y nunca me hablaros de esto . Cuidado
Yo he estado calculando y la tele entre unas cosas y otras te sale sobre unos 250euros que tampoco regalan tanto .Hay oficinas en las que han dado la occión de poner un dinero a plazo fijo a 12meses de 9300euros o 6800euros a 18 meses.
No es ningún chollo. Te obligan a contratar dos tarjetas de crédito que tienes que pagar porque las tienes que mantener 13 meses por lo menos y además llevan unos costes desproporcionados si las utilizas. En total, no usando las tarjetas y anulándolas una vez cumplidos los 13 meses puedes ahorrar unos 38 euros con respecto al precio de ese televisor en una gran superficie. Y además luego vendrá que te cobran para hacienda la retención correspondiente, por lo que probablemente incluso en las mejores condiciones te cueste más que si ahorras un poco y lña compras directamente.
Creó que teneis toda la razón, que aqui no te regalan nada, ya que a mí me paso con unas sartenes que regalaban el banco bilbao, que al final entre el irpf y el descuento de Hacienda, al final me salieron caras, así es que no os tomen el pelo, que al final siempre esta la letra pequeña que es la que nos joroba, por no decir otra cosa.
Yo saque el portatil y ahora me he sacado la TV LCD 32. Estas promos no hay que declararlas. No es obligado domiciliar nomina. Si, meter en la cuenta 800€ todos los meses en un margen de 10 dias. Cero matacero, pero cero,cero, cero de gastos de mantenimiento, ni por recibos, ni por el correo a casa, ni por transfer. Las tarjets gratis el 1er año. Resto fuera. Dadas de baja Menos la de debito. Banesto no pierde nada, ganar, gana clientes que es el proposito de esta promo. Precio de portatil y tv 32 en mercao unos 900€ los 2. En banest 197€. Los hay mejores, nos ha jodio! portatiles a 1200€, TV LCD 32 a 1000€. Señores, son lentejas. Relacion calida-precio-promo es cojonud…….Un saludit a los viandantes.
hola , no se si llegara mi comentario pero os voi a esplicar. esto es el cuento de la abuela. mira yo tengo el portatil. y he cogio tab la tele, pero sabeis ke?, me ha pasado de todo. os esplico. primero me cobran 74 euros y 25 euros de unas tarjetas que yo no las he visto aparecer por mi casa , me cabreo con el banco. llamo y pido esplicaciones. me dicen que van en la promocion, nunca jamas nadie me informo de las tarjetas, no me devuelven el dinero. me cabreo y me dicen que llame aun numero de tefono para darlas de baja, se pasan los dias, intentamos darlas de baja. largas y larga, que si este numero de tefono que si el otro bla bla bla. conseguimos hablar y nos dicen que tenemos que cambiar el contrato a tarifa plana o no se ke historias, llamando al banco se pasan los dias, largas y largas. me cabreo y estoi por suspender todo, me dicen que si lo quiero cambiar y dar de baja las tarjetas que nunca he tenido. tengo que pagar comisiones cada seis meses de doce y pico euros, y que si no quiero que me cobren comisiones tengo que ir todos los meses al banco a hacerlo yo, ufffffffffff.aun hay mas. me dan de baja y me hacen la tarifa plana, se equivocan un monton de veces. me hacen pasar muchos cabreos.y al final cuando llego a casa me han cobrado 25, 50 euros. y llamo por telefono y se lo digo , me dicen claro por dar de baja la otra cuenta , la madre que los pario. ladrones. o sea os digo que la tele no sale regalada, se la cobran y muy bien cobrada , nadie da nada por nada. en cuento termine de pagar lo que debo quito todas las cuentas del banesto.espero que alguien me lea y que me conteste gracias .
Banesto ha jodido a mi marido y a un amigo tambien. Para mi, despues de Banco de Andalucía son los peores. Y quieran creerlo o no ni la television ni el portátil te lo regalan.. como no cumplas cualquiera de las reglas te sancionan con 300 y pico de euros.. porque nos hemos mudado de casa y los recibos domiciados se cortaron «temporalmente» la sancion fue de mas de 300 euros.. y el cabreo q te llevas cuando ves lo q te han descontado y luego para ir a reclamarlos.. y como te tratan !! en fin.. espero que Banesto sea lo primero en undirse en el fin del mundo!!
CHOLLO!!!!!!!!!JAJAJAJAJA…….NO ES NINGUN CHOLLO!!!!!!! te cobran 100 € de gastos de manipulacion, mas 150 € en tarjetas durante 2 años, mas 6 € mensuales de mantenimiento de cuenta durante 30 meses, total que pagas 630 Euros por un ordenador o una TV que su valor seguro que no llega a 500 €. Y encima si vas a cancelar la cuenta cuando cumples los 30 meses requeridos te hacen esperar dos horas para decirte que no tienen linea de telefono para dar de baja la cuenta, cosa que no para nunca cuando vas a contratarlo. Y del trato que dispensan….., es el mismo que si vas con un fajo de billetes de 500 € por los CO-JONES
Banesto «premia», menuda falacia…
No hay ningún banco que premie a nadie.
BANESTO NECESITA NUESTRAS NÓMINAS, Y EN CUANTO VAS UN POCO JUSTO, COMO BUENOS JUDÍOS Y ÁVAROS QUE SON, TE ACOSAN Y MACHACAN, Y TE SACAN HASTA LAS ENTRAÑAS EN COMISIONES.
DESPUÉS EL ESTADO APOYA A LOS BANCOS, CON LA EXCUSA DE QUE SI CAEN LOS BANCOS CAEMOS TODOS. LOS BANCOS NECESITAN UN BOICOT DE VEZ EN CUANDO, PARA QUE NO NOS RESTREGUEN POR LA CARA SUS BENEFICIOS.
POR CIERTO, LO QUE MÁS FASTIDIA A UN BANCO ES UNA RECLAMACIÓN EN LA OFICINA DEL CONSUMIDOR Y OTRA AL BANCO DE ESPAÑA.
ES POR DAR PISTAS…