| Product Code: ETC8842357 | Publication Date: Sep 2024 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The demand for grain-oriented electrical steel in the Philippines is driven by the countrys energy sector and industrial applications. This specialized steel is essential for manufacturing transformers and power distribution equipment, which are crucial for the nation`s growing energy infrastructure. The increasing investments in renewable energy and grid modernization projects are creating new opportunities in this market. However, challenges such as high production costs and reliance on imports may affect market dynamics.
The demand for grain-oriented electrical steel in the Philippines is driven by the expansion of the power generation and transmission sector. With increasing investments in energy infrastructure and the development of smart grids, the need for highly efficient transformer cores has risen. The growing renewable energy sector, particularly in wind and solar power, also requires electrical steel for power distribution. Additionally, rapid urbanization and industrialization are driving the demand for electricity, pushing utility companies to upgrade and expand their infrastructure. The adoption of energy-efficient electrical components in manufacturing and transportation sectors is further bolstering the market.
The grain-oriented electrical steel market in the Philippines faces challenges related to high raw material costs and reliance on imports. Local manufacturing capabilities are limited, which forces dependence on foreign suppliers for high-quality steel. Additionally, the sector faces competition from more established markets in neighboring Asian countries. The slow pace of infrastructure development and lack of advanced technological capabilities in steel production may also hinder the market`s growth. Lastly, fluctuating energy prices and government regulations on steel imports may impact production costs.
Investors can capitalize on the increasing demand for grain-oriented electrical steel by supporting the local production of transformers, power distribution equipment, and renewable energy infrastructure. Establishing a local steel processing plant or partnering with existing manufacturers can help reduce import dependency. With the government pushing for energy sector modernization and sustainable power generation, investments in smart grid solutions and energy-efficient materials present strong growth potential.
Government initiatives to strengthen the power sector and expand energy infrastructure play a crucial role in the grain-oriented electrical steel market. Policies promoting grid modernization, renewable energy adoption, and increased transformer production create demand for this specialized steel. The Department of Energy (DOE) supports projects that require high-efficiency electrical components, while import regulations and tariff structures impact the availability and pricing of grain-oriented electrical steel.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Grain Oriented Electrical Steel Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Grain Oriented Electrical Steel Market - Industry Life Cycle |
3.4 Philippines Grain Oriented Electrical Steel Market - Porter's Five Forces |
3.5 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.7 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Silicone Content, 2021 & 2031F |
3.9 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.10 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.11 Philippines Grain Oriented Electrical Steel Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Philippines Grain Oriented Electrical Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient electrical equipment in the Philippines. |
4.2.2 Increasing government initiatives promoting the use of renewable energy sources. |
4.2.3 Expansion of the power generation and distribution infrastructure in the country. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the manufacturing of grain-oriented electrical steel. |
4.3.2 Competition from substitute materials such as non-oriented electrical steel. |
4.3.3 Impact of global economic conditions on the steel industry. |
5 Philippines Grain Oriented Electrical Steel Market Trends |
6 Philippines Grain Oriented Electrical Steel Market, By Types |
6.1 Philippines Grain Oriented Electrical Steel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Domain Refined, 2021- 2031F |
6.1.4 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By High Magnetic Strength, 2021- 2031F |
6.1.5 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Conventional, 2021- 2031F |
6.2 Philippines Grain Oriented Electrical Steel Market, By Thickness |
6.2.1 Overview and Analysis |
6.2.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.23 MM, 2021- 2031F |
6.2.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.27 MM, 2021- 2031F |
6.2.4 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.30 MM, 2021- 2031F |
6.2.5 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.35 MM, 2021- 2031F |
6.2.6 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.5 MM, 2021- 2031F |
6.2.7 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 0.65 MM, 2021- 2031F |
6.3 Philippines Grain Oriented Electrical Steel Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Laminated Sheets, 2021- 2031F |
6.3.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Wounds Sheets, 2021- 2031F |
6.3.4 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Punched Sheets, 2021- 2031F |
6.4 Philippines Grain Oriented Electrical Steel Market, By Silicone Content |
6.4.1 Overview and Analysis |
6.4.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Below 3%, 2021- 2031F |
6.4.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By 3% or More, 2021- 2031F |
6.5 Philippines Grain Oriented Electrical Steel Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Offline, 2021- 2031F |
6.6 Philippines Grain Oriented Electrical Steel Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Transformers, 2021- 2031F |
6.6.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Power Generators, 2021- 2031F |
6.6.4 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Motors, 2021- 2031F |
6.6.5 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Battery, 2021- 2031F |
6.6.6 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Shunt Reactor, 2021- 2031F |
6.6.7 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Wound Cores, 2021- 2031F |
6.7 Philippines Grain Oriented Electrical Steel Market, By End-User |
6.7.1 Overview and Analysis |
6.7.2 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.7.3 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Automotive, 2021- 2031F |
6.7.4 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.7.5 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.7.6 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Aviation, 2021- 2031F |
6.7.7 Philippines Grain Oriented Electrical Steel Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Grain Oriented Electrical Steel Market Import-Export Trade Statistics |
7.1 Philippines Grain Oriented Electrical Steel Market Export to Major Countries |
7.2 Philippines Grain Oriented Electrical Steel Market Imports from Major Countries |
8 Philippines Grain Oriented Electrical Steel Market Key Performance Indicators |
8.1 Percentage of energy-efficient electrical equipment using grain-oriented electrical steel in new projects. |
8.2 Number of government policies and incentives supporting the adoption of renewable energy sources. |
8.3 Growth rate of the power generation and distribution sector in the Philippines. |
9 Philippines Grain Oriented Electrical Steel Market - Opportunity Assessment |
9.1 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.3 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Silicone Content, 2021 & 2031F |
9.5 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.6 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
9.7 Philippines Grain Oriented Electrical Steel Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Philippines Grain Oriented Electrical Steel Market - Competitive Landscape |
10.1 Philippines Grain Oriented Electrical Steel Market Revenue Share, By Companies, 2024 |
10.2 Philippines Grain Oriented Electrical Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |