Global NGO Electrical Steel Market Growth 2023-2029

Global NGO Electrical Steel Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “NGO Electrical Steel Industry Forecast” looks at past sales and reviews total world NGO Electrical Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected NGO Electrical Steel sales for 2023 through 2029. With NGO Electrical Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NGO Electrical Steel industry.
This Insight Report provides a comprehensive analysis of the global NGO Electrical 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 NGO Electrical Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global NGO Electrical Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NGO Electrical 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 NGO Electrical Steel.
The global NGO Electrical Steel market size is projected to grow from US$ 18430 million in 2022 to US$ 23380 million in 2029; it is expected to grow at a CAGR of 23380 from 2023 to 2029.
Global key players of non grain-oriented electrical steel include Baowu, Shougang Group, TISCO, Nippon Steel, Ansteel, etc. The top five players hold a share nearly 50%. China is dominating the global non grain-oriented electrical steel market, has a share over 40% in terms of production. Asia-Pacific is the largest market, has a share about 77%, followed by Europe and Americas, with share 14% and 7%, separately.
This report presents a comprehensive overview, market shares, and growth opportunities of NGO Electrical Steel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Semi-processed
Fully Processed
Segmentation by application
Motor
Home Appliances
Power Generator
Automotive
Others
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 analyzing the company's coverage, product portfolio, its market penetration.
Baowu
Shougang
TISCO
Nippon Steel
Ansteel
Posco
JFE Steel
ThyssenKrupp
Voestalpine
ArcelorMittal
NLMK
CSC
AK Steel (Cleveland-Cliffs)
BX Steel
Key Questions Addressed in this Report
What is the 10-year outlook for the global NGO Electrical Steel market?
What factors are driving NGO Electrical Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do NGO Electrical Steel market opportunities vary by end market size?
How does NGO Electrical Steel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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