Electrical Steel Sheets Market Revenue was valued at USD 33.68 Billion in 2024 and is estimated to reach USD 47.74 Billion by 2033, growing at a CAGR of 4.1% from 2026 to 2033.
The Malaysia Electrical Steel Sheets Market has seen significant growth, driven by the increasing demand from various industries such as automotive, electronics, and energy. Electrical steel sheets, also known as silicon steel sheets, are essential materials used in the manufacturing of electrical equipment like transformers, motors, and generators. Their demand in Malaysia is rising due to the rapid industrialization, with major growth being observed in the automotive sector for electric vehicle (EV) motors, as well as in the renewable energy sector for wind and solar power generation systems.
The primary types of electrical steel sheets used in Malaysia are non-oriented and oriented electrical steel sheets. Non-oriented electrical steel is mainly used in electric motors, transformers, and other applications that require high magnetic properties. Oriented electrical steel sheets, on the other hand, are used in applications that require more efficient power generation and transmission, such as in high-performance transformers and motors. This market segmentation allows manufacturers to cater to diverse industrial needs, enhancing the market's adaptability and growth potential.
As the demand for energy-efficient products increases, industries across Malaysia are seeking electrical steel sheets with better magnetic properties and lower core losses. Manufacturers are focusing on producing advanced grades of electrical steel to meet these growing requirements. For instance, high-strength, grain-oriented electrical steel sheets are being developed to enhance the performance of transformers in reducing energy loss during power distribution.
The automotive industry in Malaysia, particularly the electric vehicle (EV) sector, also plays a crucial role in boosting the demand for electrical steel sheets. These sheets are vital for the production of electric motor components, where high permeability and low energy losses are crucial for efficient motor performance. Additionally, industries in Malaysia require customized electrical steel sheets that meet specific requirements, such as tailored thickness or coating specifications, which makes the market highly dynamic and responsive to changing industrial needs.
The increasing need for electrical steel sheets in diverse industrial applications, combined with technological advancements, continues to shape the Malaysia Electrical Steel Sheets Market. As industries demand better performance and efficiency, manufacturers are expected to innovate, leading to further growth and diversification in this market.
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JFE Steel Corporation
Nippon Steel & Sumitomo Metal Corporation
Arnold Magnetic Technologies Corp.
Mapes& Sprowl Steel
Tata Steel
Voestalpine Stahl GmbH
Cogent Power Limited
Stalprodukt S.A.
Schkriz
Thyssenkrupp
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Electrical Steel Sheets Market
Grain-Oriented Electrical Steel
Non-Grain-Oriented Electrical Steel
Transformers
Electric Motors
Generators
Inductors and Chokes
Thin Electrical Steel Sheets (less than 0.35 mm)
Medium Thickness Electrical Steel Sheets (0.35 mm – 0.65 mm)
Thick Electrical Steel Sheets (more than 0.65 mm)
Uncoated Electrical Steel Sheets
Insulated Electrical Steel Sheets
Surface-treated Electrical Steel Sheets
Energy and Power
Transportation (Electric Vehicles)
Consumer Electronics
Aerospace
Manufacturing and Industrial
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Electrical Steel Sheets 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. Malaysia Electrical Steel Sheets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Electrical Steel Sheets Market, By Type
6. Malaysia Electrical Steel Sheets Market, By Application
7. Malaysia Electrical Steel Sheets Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Electrical Steel Sheets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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