India Electrical Steel Market Size, Share & Demand 2032

India Electrical Steel Market Report by Type (Grain Oriented Electrical Steel, Non-Grain Oriented Electrical Steel), Application (Transformers, Motors, Generators, and Others), End Use Industry (Energy and Power, Automobiles, Household Appliances, Building and Construction, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A21538

Buy Now New Year Sale

Market Overview:

India electrical steel market size is projected to exhibit a growth rate (CAGR) of 8.40% during 2024-2032. The development of new power transmission and distribution infrastructure in India, which contributes to the demand for electrical steel, is driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	8.40%

Electrical steel, also known as silicon steel or lamination steel, is a specialized type of steel designed for use in the cores of electrical transformers, motors, and other magnetic devices. It exhibits unique magnetic properties that enhance energy efficiency in electrical applications. The steel is typically alloyed with silicon to reduce core losses, hysteresis, and eddy current losses, which are crucial factors in optimizing the performance of electromagnetic devices. The silicon content increases the electrical resistivity of the steel, minimizing energy dissipation as heat during the magnetic cycle. Additionally, electrical steel is often processed in thin laminations to further reduce eddy current losses. These characteristics make electrical steel a fundamental material in the production of efficient and reliable electrical equipment, contributing significantly to the overall performance and energy efficiency of electrical systems.

India Electrical Steel Market Trends:

The electrical steel market in India is experiencing robust growth, propelled by a confluence of factors. Firstly, the escalating demand for energy-efficient transformers and electric motors acts as a significant driver. With a burgeoning emphasis on sustainability, industries are increasingly adopting electrical steel to enhance the efficiency of their electrical equipment. Additionally, stringent government regulations promoting energy conservation have fueled the market's expansion, encouraging manufacturers to invest in advanced electrical steel technologies. Moreover, the burgeoning automotive industry has emerged as a pivotal catalyst. The rising adoption of electric vehicles (EVs) regionally has led to an increased demand for electrical steel in the manufacturing of core components such as electric motors and transformers. This shift towards electric mobility is compelling automotive manufacturers to seek materials that optimize energy efficiency, thereby boosting the demand for electrical steel. Furthermore, the ongoing advancements in power infrastructure and the increasing integration of renewable energy sources have contributed significantly to the market's momentum. As the regional focus on renewable energy intensifies, the demand for electrical steel for use in transformers supporting sustainable power generation has witnessed a substantial upswing. In essence, a complex interplay of factors, including environmental consciousness, regulatory frameworks, and technological innovations, is steering the electrical steel market in India toward unprecedented growth.

India Electrical Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, application, and end use industry.

Type Insights:

Grain Oriented Electrical Steel
Non-Grain Oriented Electrical Steel

The report has provided a detailed breakup and analysis of the market based on the type. This includes grain oriented electrical steel and non-grain oriented electrical steel.

Application Insights:

Transformers
Motors
Generators
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transformers, motors, generators, and others.

End Use Industry Insights:

Energy and Power
Automobiles
Household Appliances
Building and Construction
Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes energy and power, automobiles, household appliances, building and construction, and others.

Regional Insights:

North India
West and Central India
South India
East and Northeast India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Electrical Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application End Use Industry Region
Types Covered	Grain Oriented Electrical Steel, Non-Grain Oriented Electrical Steel
Applications Covered	Transformers, Motors, Generators, Others
End Use Industries Covered	Energy and Power, Automobiles, Household Appliances, Building and Construction, Others
Regions Covered	North India, West and Central India, South India, East and Northeast India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India electrical steel market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India electrical steel market?
What is the breakup of the India electrical steel market on the basis of type?
What is the breakup of the India electrical steel market on the basis of application?
What is the breakup of the India electrical steel market on the basis of end use industry?
What are the various stages in the value chain of the India electrical steel market?
What are the key driving factors and challenges in the India electrical steel?
What is the structure of the India electrical steel market and who are the key players?
What is the degree of competition in the India electrical steel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India electrical steel market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India electrical steel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India electrical steel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.