U.S. Electrical Steel Market Size & Outlook, 2026-2033
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U.S. electrical steel market highlights
- The U.S. electrical steel market generated a revenue of USD 2,843.3 million in 2025 and is expected to reach USD 4,533.7 million by 2033.
- The U.S. market is expected to grow at a CAGR of 6.2% 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 2,843.3 million |
| Market revenue in 2033 | USD 4,533.7 million |
| Growth rate | 6.2% (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, U.S. accounted for 9.2% 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 North America, U.S. electrical steel market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,215.9 million by 2033.
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Electrical Steel Market Scope
Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| JFE Holdings Inc | View profile | 44469 | 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan, 100-0011 | http://www.jfe-holdings.co.jp |
| Cleveland-Cliffs Inc | View profile | 28000 | 200 Public Square, Suite 3300, Cleveland, OH, United States, 44114-2315 | https://www.clevelandcliffs.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
U.S. 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 will help companies and investors design strategic landscapes.
Non-grain oriented was the largest segment with a revenue share of 74.59% in 2025. Horizon Databook has segmented the U.S. electrical steel market based on grain oriented, non-grain oriented covering the revenue growth of each sub-segment from 2021 to 2033.
In 2020, the U.S. dominated the North America electrical steel market with a volume share of 69.2%. The growing demand for electrical energy requires huge investments in power generation and power equipment.
Electric motors, generators, and transformers are the prominent equipment used in power generation, which are key applications of electrical steel. Thus, an increase in power demand anticipates the use of electrical steel for manufacturing generators and motors propelling market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. electrical steel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. electrical steel market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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U.S. electrical steel market size, by application, 2021-2033 (US$M)
U.S. Electrical Steel Market Outlook Share, 2025 & 2033 (US$M)
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