Global Non Grain Oriented Electrical Steel Market Research Report 2023(Status and Outlook)

Global Non Grain Oriented Electrical Steel Market Research Report 2023(Status and Outlook)

Report Overview

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., totally accounting for about 80% of market. China is the largest market of Non-Grain Oriented Electrical Steel, with a share over 68%. As for the types of products, it can be divided into Fully Processed

and Semi-processed. The most common product is Semi-processed, with a share over 76%. In terms of applications, it is widely used in Motor, Household Appliances, Power Generator, Automotive and Others. The most application is in Motor, with a share over 51%.

The Global Non Grain Oriented Electrical Steel Market Size was estimated at USD 11470.00 million in 2022 and is projected to reach USD 13541.39 million by 2029, exhibiting a CAGR of 2.40% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Non Grain Oriented Electrical Steel market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Non Grain Oriented Electrical Steel Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Non Grain Oriented Electrical Steel market in any manner.

Global Non Grain Oriented Electrical Steel Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Baowu

Shougang Group

TISCO

Nippon Steel

Ansteel

Posco

JFE Steel

Thyssen Krupp

Voestalpine

ArcelorMittal

NLMK

CSC

AK Steel

TATA Steel

BX Steel

Market Segmentation (by Type)

Fully Processed

Semi-processed

Market Segmentation (by Application)

Healthcare

Machine Tool

Consumer Electronics

Assembly Equipment

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Non Grain Oriented Electrical Steel Market

Overview of the regional outlook of the Non Grain Oriented Electrical Steel Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors