Middle East & Africa Electrical Steel Market Size & Outlook
- Metals & Mining
- Metals, Mining & Minerals
- Electrical Steel Market Outlook
- Metals, Mining & Minerals
Global Market
Related Markets
Ask a question about the electrical steel market
MEA electrical steel market highlights
- The MEA electrical steel market generated a revenue of USD 1,321.0 million in 2025.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, Iran is expected to register the highest CAGR from 2026 to 2033.
MEA data book summary
| Market revenue in 2025 | USD 1,321.0 million |
| Market revenue in 2033 | USD 2,075.5 million |
| Growth rate | 5.8% (CAGR from 2026 to 2033) |
| Largest segment | Non-grain oriented |
| Fastest growing segment | Grain Oriented |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 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, MEA region accounted for 4.3% of the global electrical steel market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 6,361.5 million by 2033.
Countries in Middle East & Africa are developing at a faster pace owing to growth in industrialization and urbanization. The UAE plans to increase the contribution of the manufacturing sector and amid the outbreak reduce the dependency on imports by diversifying the investments.
These factors are accelerating the use of motors, generators, and transformers in industries which is projected to bolster the electrical steel market during the projected period.
The increasing expansion of grid owing to growth in renewable power generation is evolving the need for using advanced and efficient transformers in the line.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Middle East & Africa 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 81.15% in 2025.
Horizon Databook has segmented the Middle East & Africa electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2021 to 2033.
Countries in Middle East & Africa are developing at a faster pace owing to growth in industrialization and urbanization. The UAE plans to increase the contribution of the manufacturing sector and amid the outbreak reduce the dependency on imports by diversifying the investments.
These factors are accelerating the use of motors, generators, and transformers in industries which is projected to bolster the electrical steel market during the projected period.
The increasing expansion of grid owing to growth in renewable power generation is evolving the need for using advanced and efficient transformers in the line.
- Middle East & Africa Electrical Steel Market Product Outlook (Revenue, USD Million , 2021-2033)
- Grain Oriented
- Non-Grain Oriented
- Middle East & Africa Electrical Steel Market Application Outlook (Revenue, USD Million , 2021-2033)
- Transformers
- Motors
- Inductors
- Other Applications
Reasons to subscribe to Electrical Steel Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Electrical Steel Market Outlook databook
- Our clientele includes a mix of Electrical Steel Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Electrical Steel Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Electrical Steel Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Middle East Africa Electrical Steel Market, 2021-2033 (US$M)
MEA electrical steel market statistics, by product, 2021-2033 (Kilotons)
