Iran Electrical Steel Market Size & Outlook, 2026-2033
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- Metals, Mining & Minerals
- Electrical Steel Market Outlook
- Metals, Mining & Minerals
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Iran electrical steel market highlights
- The Iran electrical steel market generated a revenue of USD 210.8 million in 2025 and is expected to reach USD 279.8 million by 2033.
- The Iran market is expected to grow at a CAGR of 3.5% from 2026 to 2033.
- In terms of segment, non-grain oriented was the largest revenue generating product in 2025.
- Grain Oriented is the most lucrative product segment registering the fastest growth during the forecast period.
Electrical steel market data book summary
| Market revenue in 2025 | USD 210.8 million |
| Market revenue in 2033 | USD 279.8 million |
| Growth rate | 3.5% (CAGR from 2026 to 2033) |
| Largest segment | Non-grain oriented |
| Fastest growing segment | Grain Oriented |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Grain Oriented, Non-Grain Oriented |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Cleveland-Cliffs Inc, JFE Holdings Inc, Nippon Steel Corp, POSCO Holdings Inc ADR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG |
Other key industry trends
- In terms of revenue, Iran accounted for 0.7% of the global electrical steel market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, Iran electrical steel market is projected to lead the regional market in terms of revenue in 2033.
- Iran is the fastest growing regional market in Middle East & Africa and is projected to reach USD 279.8 million by 2033.
In Iran, the rise in population and increasing urbanization rate have led to a need for energy efficiency and the diversification of fuel resources in the country. Thus, Iran is focusing to produce electricity which evolves the need for various transformers and generators resulting in growth in demand for electrical steel.
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Electrical Steel Market Scope
Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| ArcelorMittal SA Depository Receipt | View profile | 126,756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | www.arcelormittal.com |
| Cleveland-Cliffs Inc | View profile | 28,000 | 200 Public Square, Suite 3300, Cleveland, OH, United States, 44114-2315 | www.clevelandcliffs.com |
| JFE Holdings Inc | View profile | 44,469 | 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan, 100-0011 | www.jfe-holdings.co.jp |
| Nippon Steel Corp | View profile | 121,990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | www.nipponsteel.com |
| POSCO Holdings Inc ADR | View profile | 44,501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | www.posco.co.kr |
| Thyssenkrupp AG | View profile | 100,202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | www.thyssenkrupp.com |
Iran Electrical Steel Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electrical Steel Market Outlook will help companies and investors design strategic landscapes.
Non-Grain Oriented was the largest segment with a revenue share of 73.62% in 2025.
Horizon Databook has segmented the Iran electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2021 to 2033.
In Iran, the rise in population and increasing urbanization rate have led to a need for energy efficiency and the diversification of fuel resources in the country. Thus, Iran is focusing to produce electricity which evolves the need for various transformers and generators resulting in growth in demand for electrical steel.
- Iran Electrical Steel Market Product Outlook (Revenue, USD Million , 2021-2033)
- Grain Oriented
- Non-Grain Oriented
- Iran Electrical Steel Market Application Outlook (Revenue, USD Million , 2021-2033)
- Transformers
- Motors
- Inductors
- Other Applications
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- Our clientele includes a mix of Electrical Steel Market Outlook companies, investment firms, advisory firms & academic institutions.
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- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Iran Electrical Steel Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Iran Electrical Steel Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Iran Electrical Steel Market, 2021-2033 (US$M)
Iran electrical steel market statistics, by product, 2021-2033 (Kilotons)
