Japan Electrical Steel Sheets for Electric Vehicle Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 17.3% from 2024 to 2030.
The demand for electrical steel sheets in the electric vehicle (EV) market has surged in recent years, driven by the increasing need for more efficient, high-performance electric motors. Japan, known for its advanced manufacturing technologies, plays a pivotal role in meeting this growing demand. Electrical steel sheets, often referred to as silicon steel, are critical components used in the production of the core parts of electric motors, especially in EVs. These materials are designed to enhance the magnetic properties of the motor, improving its efficiency and performance, which is crucial for electric vehicles that depend on efficient energy conversion for long-range performance.
The main requirement from industries, especially the automotive sector, is for electrical steel sheets to possess high magnetic flux density and low core loss. This is essential for electric motors, where minimal energy waste is a priority. The evolution of electric vehicles demands steel sheets that are not only lightweight but also durable under the high operational stresses of constant use. Japan’s manufacturers have risen to the challenge by developing advanced grades of electrical steel sheets, incorporating various levels of silicon content to balance performance and cost. Moreover, as the global EV market pushes toward mass production, Japanese manufacturers are focusing on scaling up production to meet the growing global demand.
In addition to motor efficiency, electrical steel sheets for electric vehicles must also be able to withstand high temperatures without degrading. This makes it essential for manufacturers to consider not just the magnetic properties but also the heat resistance and mechanical strength of the material. Companies in Japan are investing in innovations like grain-oriented electrical steel, which optimizes the motor’s performance while maintaining low energy losses. This technology provides a perfect balance of high efficiency and long-lasting durability.
The Electrical Steel Sheets for Electric Vehicle Market is witnessing a significant transformation as industries shift their focus to greener, more sustainable technologies. This trend is not only reshaping the automotive sector but also impacting the steel manufacturing industry, as manufacturers look to meet the evolving demands of electric vehicle production.
Get an In-Depth Research Analysis of the Japan Electrical Steel Sheets for Electric Vehicle Market Size And Forecast [2025-2032]
Nippon Steel
JFE Steel
Posco
NSSMC
NLMK Group
ThyssenKrupp
AK Steel
Nucor
Voestalpine
TATA Steel
ArcelorMittal
CSC
WISCO
Baosteel
Ansteel
Shougang
Benxi Steel
TISCO
Masteel
Stalprodukt
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Electrical Steel Sheets for Electric Vehicle Market
Passenger Electric Vehicles
Commercial Electric Vehicles
Grain-Oriented Electrical Steel
Non-Grain-Oriented Electrical Steel
Electric Motor
Battery Management System
Automotive Industry
Electric Vehicle Manufacturers
Uncoated Electrical Steel
Coated Electrical Steel
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Electrical Steel Sheets for Electric Vehicle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Electrical Steel Sheets for Electric Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Electrical Steel Sheets for Electric Vehicle Market, By Type
6. Japan Electrical Steel Sheets for Electric Vehicle Market, By Application
7. Japan Electrical Steel Sheets for Electric Vehicle Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Electrical Steel Sheets for Electric Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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