The global Non Grain-oriented Electrical Steel market was valued at US$ 13400 million in 2020 and it is expected to reach US$ 13380 million by the end of 2027, growing at a CAGR of 2.3% during 2021-2027.
Electrical steels are distinguished by their excellent electro-magnetic properties. There are two major types of fully processed electrical steels: grain-oriented (GO) and non-oriented (NO). Non-oriented electrical steel features homogeneous magnetic properties in all directions. They are widely used as iron core materials in rotating machines ranging from large power generators to tiny precision electric motors. They are also used in the iron core of small power transformers.
Global non grain-oriented electrical steel main players include Baowu, Shougang Group, TISCO, Nippon Steel, Ansteel, Posco, JFE Steel, Thyssen Krupp, Voestalpine, ArcelorMittal, NLMK, CSC, AK Steel, TATA Steel, BX Steel, etc. China is the largest market of non grain-oriented electrical steel, with a share over 66%, followed by Europe and Japan.
Global Non Grain-oriented Electrical Steel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Non Grain-oriented Electrical Steel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Baowu, Shougang Group, Tisco, Nippon Steel, Ansteel, Posco, Jfe Steel, Thyssen Krupp, Voestalpine, Arcelormittal, Nlmk, Csc, Ak Steel, Tata Steel, Bx Steel and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Fully Processed
Segment by Application
- Household Appliances
- Power Generator
Table of Content:
1 Non Grain-oriented Electrical Steel Market Overview
2 Non Grain-oriented Electrical Steel Market Competition by Manufacturers
3 Non Grain-oriented Electrical Steel Retrospective Market Scenario by Region
4 Global Non Grain-oriented Electrical Steel Historic Market Analysis by Type
5 Global Non Grain-oriented Electrical Steel Historic Market Analysis by Application
6 Key Companies Profiled
7 Non Grain-oriented Electrical Steel Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Non Grain-oriented Electrical Steel Market Dynamics
10 Global Non Grain-oriented Electrical Steel Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.