Global Grain Oriented Electrical Steel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Grain Oriented Electrical Steel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel: grain oriented electrical steel and non-grain oriented electrical steel, and they are used for different applications. In this report we researched grain oriented electrical steel.

Grain oriented electrical steels are iron-silicon magnetic alloys. These alloys are used to construct the cores of highly-efficient electric transformers due to their unique magnetic properties. Available in grades M-2, M-3, M-4, M-5 and M-6, with superior magnetic properties in the rolling direction, oriented steels are used in transformer cores. They are used in large generators and other apparatus when the design permits the directional magnetic characteristics to be used efficiently.

Grain oriented electrical steel usually has a silicon level of 3%. It is processed in such a way that the optimal properties are developed in the rolling direction, due to a tight control (proposed by Norman P. Goss) of the crystal orientation relative to the sheet. Grain oriented electrical steels are usually applied in transformers, rectifiers and so on.

According to our (Global Info Research) latest study, the global Grain Oriented Electrical Steel market size was valued at US$ 9735 million in 2023 and is forecast to a readjusted size of USD 12570 million by 2030 with a CAGR of 3.9% during review period.

Major players in the global grain oriented electrical steel include Baowu Group, Nippon Steel, NLMK, AK Steel (Cleveland-Cliffs), Shougang and Posco. The share of the world's top five manufacturers is approximately 55%. China is the largest market, with a share of approximately 63%. The Second and third are Europe and Japan, with shares of 14% and 11% respectively. In terms of product types, high magnetic strength induction is the largest market segment, with a share of approximately 65%. In terms of applications, the largest application is transformers, with a share of 91%.

This report is a detailed and comprehensive analysis for global Grain Oriented Electrical Steel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Grain Oriented Electrical Steel market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Grain Oriented Electrical Steel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Grain Oriented Electrical Steel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Grain Oriented Electrical Steel market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Grain Oriented Electrical Steel

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Grain Oriented Electrical Steel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Baowu Group, Nippon Steel, NLMK, AK Steel (Cleveland-Cliffs), Shougang, Posco, ThyssenKrupp, JFE Steel, Stalprodukt S.A., Chongqing Wangbian, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Grain Oriented Electrical Steel market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
High Magnetic Strength
Conventional
Domain Refinement

Market segment by Application
Transformer
Motor
Others

Major players covered
Baowu Group
Nippon Steel
NLMK
AK Steel (Cleveland-Cliffs)
Shougang
Posco
ThyssenKrupp
JFE Steel
Stalprodukt S.A.
Chongqing Wangbian
Baotou Weifeng
Aperam
Zhejiang Huaying
Wuxi Huajing

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Grain Oriented Electrical Steel product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Grain Oriented Electrical Steel, with price, sales quantity, revenue, and global market share of Grain Oriented Electrical Steel from 2019 to 2024.

Chapter 3, the Grain Oriented Electrical Steel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Grain Oriented Electrical Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Grain Oriented Electrical Steel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Grain Oriented Electrical Steel.

Chapter 14 and 15, to describe Grain Oriented Electrical Steel sales channel, distributors, customers, research findings and conclusion.