Global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) Market Growth 2024-2030

Global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) Market Growth 2024-2030

High magnetic induction oriented silicon steel (Hi-B steel) is a silicon steel material with excellent magnetic properties. It has high magnetic induction intensity and low iron loss under high magnetic field, which is its most significant feature. This excellent magnetic property enables Hi-B steel to convert and transmit electric energy more effectively in power equipment, thereby improving the efficiency and performance of the equipment. In the chemical composition of Hi-B steel, the carbon content is usually less than 0.005%, and the silicon content varies within a certain range, but is generally less than 4.5%. The addition of silicon can significantly increase the resistivity and magnetic permeability of the material and reduce iron loss. Due to its excellent magnetic properties, Hi-B steel is widely used in power transformers, motors, electromagnets and other fields. Especially in large power transformers, Hi-B steel as a core material can significantly reduce iron loss and noise, and improve the operating efficiency and stability of the transformer. The production process of Hi-B steel is relatively complex, and it is necessary to strictly control parameters such as chemical composition, hot rolling and cold rolling temperature, and annealing process. Among them, secondary recrystallization annealing is one of the key steps in producing Hi-B steel, through which an oriented structure with excellent magnetic properties can be obtained.

The global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “High Magnetic Induction Oriented Silicon Steel (Hi-B steel) Industry Forecast” looks at past sales and reviews total world High Magnetic Induction Oriented Silicon Steel (Hi-B steel) sales in 2023, providing a comprehensive analysis by region and market sector of projected High Magnetic Induction Oriented Silicon Steel (Hi-B steel) sales for 2024 through 2030. With High Magnetic Induction Oriented Silicon Steel (Hi-B steel) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Magnetic Induction Oriented Silicon Steel (Hi-B steel) industry.

This Insight Report provides a comprehensive analysis of the global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Magnetic Induction Oriented Silicon Steel (Hi-B steel) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Magnetic Induction Oriented Silicon Steel (Hi-B steel) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Magnetic Induction Oriented Silicon Steel (Hi-B steel).

United States market for High Magnetic Induction Oriented Silicon Steel (Hi-B steel) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for High Magnetic Induction Oriented Silicon Steel (Hi-B steel) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for High Magnetic Induction Oriented Silicon Steel (Hi-B steel) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key High Magnetic Induction Oriented Silicon Steel (Hi-B steel) players cover Baoshan Iron & Steel, Wuhan Iron and Steel, Shougang Group, Chongqing Wangbian Electric, Nippon Steel Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Plate
Other

Segmentation by Application:
Electric Power Industry
Automotive Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Baoshan Iron & Steel
Wuhan Iron and Steel
Shougang Group
Chongqing Wangbian Electric
Nippon Steel Corporation
JFE Steel Corporation
POSCO
AK Steel Holding Corporation
ThyssenKrupp Steel Europe AG
ArcelorMittal

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market?

What factors are driving High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Magnetic Induction Oriented Silicon Steel (Hi-B steel) market opportunities vary by end market size?

How does High Magnetic Induction Oriented Silicon Steel (Hi-B steel) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.