The Global Electrical Steel Strips Market was valued at USD 27.5 Billion in 2024 and is projected to reach USD 36.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is driven by escalating demand for energy-efficient electrical equipment, expansion of renewable energy infrastructure, and electrification trends across automotive and industrial sectors.
As industries transition toward sustainable energy solutions, electrical steel strips have become indispensable components in motors, transformers, and generators. This blog profiles the Top 10 Companies in the Electrical Steel Strips Industry—innovators shaping efficiency standards and material science breakthroughs.
🔟 1. Voestalpine AG
Headquarters: Linz, Austria
Key Offering: Grain-oriented (GO) and non-grain-oriented (NGO) electrical steel strips
Voestalpine dominates the European market with its high-performance electrical steels, serving automotive, energy, and industrial equipment manufacturers. Their proprietary technologies enable reduced core losses in transformers and EV motors.
Innovation Highlights:
- Pioneering thin-gauge (0.15mm) electrical steel for high-frequency applications
- Carbon-neutral steel production initiatives
- Strategic partnerships with European automakers for e-mobility solutions
Download FREE Sample Report: Global Electrical Steel Strips Market – View in Detailed Research Report
9️⃣ 2. Nippon Steel Corporation
Key大純ing: Jin閃芝什么铁丽
Nippon Steel leads Asia-Pacific production with advanced grain-oriented electrical钢 used in ultra-high-efficiency transformers. Their latest 23ZH085 grade achieves record-low watt/kg losses.
Innovation Highlights:
- World’s first 6.5% silicon steel for high-e知缺钱心材
- AI-powered quality control 寓 strip production
- Circular economy s濹韭柱雪钢汽投工
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China’s largest steel producer ha笔会作客rged亲s a key supplier for domestic wind turbine and EV manufacturers. Baowu’s Wuhan facility produces specialized thin strip products for high-speed motors. <郑苏铁陆Inno光并Highlights:
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