PUBLISHER: DataM Intelligence | PRODUCT CODE: 1255843
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1255843
Global Non-Grain Oriented Electrical Steel Market - 2023-2030
Market Overview
The global non-grain oriented electrical steel market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 5.2% during the forecast period (2023-2030).
The completely processed steel, known as non-grain-oriented electrical steel, uses an iron-silicon alloy with varying silicon concentrations and the same magnetic characteristics in all directions of the sheet's plan. In applications where minimal core loss and high magnetic permeability are sought, NGO electric steel is frequently utilized as a core magnetic material. Alternators, motors, tiny transformers, generators, ballasts and a range of other electromagnetic applications are the main uses of NGO electrical steel.
Market Dynamics
The rising use of electric steel in automotive
The expanding global automobile manufacturing is primarily driving the expansion of the electrical steel market. Production of HEVs worldwide, which was at 1.2 million units in 2015, is projected to increase to 5.4 million units by 2025. The increase in environmental restrictions worldwide is mostly to blame for the increase in HEV sales. As a result, the market for NGO electrical steel will be driven by the demand for HEVs. Grain-oriented electronic steel is a possible application option as a result and is anticipated to propel the growth of the NGO electrical steel market throughout the forecast year.
The expanding usage of electrical equipment
Electric steel is in high demand due to its application in producing electrical equipment, including transformers, motors, generators and electromechanical parts, driven by the rising global need for energy. The demand for NGO electric steel, used in their fabrication, is anticipated to rise along with the demand for electrical equipment.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global non-grain oriented electrical steel market is segmented based on type, thickness, application, end-user and region.
The rising energy consumption drives the growth of the transformers segment
A transformer's core often contains NGO electric steel. A compact and effective magnetic circuit is created by stacking and laminating several thin steel sheets to create the core. The NGO electric steel is perfect for use in the transformer core because of its magnetic qualities, which allow it to generate a powerful magnetic field that can withstand high current levels.
Geographical Analysis
The growing automakers in Asia-Pacific
To satisfy the growing demand for high-quality products, the Indian manufacturing sector must switch from using inferior to superior materials. For instance, the Indian government ordered the top steel producers in the nation, such as JSW Steel, Tata Steel, JSPL and Steel Authority of India Limited (SAIL), to apply technology to manufacture steel for import replacement in November 2021. Additional advantages include the region's accessibility to inexpensive raw labor and materials. Other factors, such as fast-increasing urbanization, are anticipated to support market expansion.
Competitive Landscape
The major global players in the market include: ArcelorMittal S.A., Baosteel Group Corporation, Pohang Iron and Steel Company (POSCO), Nippon Steel & Sumimoto Metal, JFE Holdings Inc., Jiangsu Shagang Group, Tata Steel, The United States Steel Corporation (US Steel), Angang Steel Co. Ltd. and Gerdau.
Why Purchase the Report?
- To visualize the global non-grain oriented electrical steel- market segmentation based on type, thickness, application, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of non-grain oriented electrical steel market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global non-grain oriented electrical steel market report would provide approximately 69 tables, 77 figures and 210 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet By Type
- 3.2. Snippet By Thickness
- 3.3. Snippet By Application
- 3.4. Snippet By End-User
- 3.5. Snippet By Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The rising use of electric steel in HEVs
- 4.1.1.2. The growing electrical sector
- 4.1.2. Restraints
- 4.1.2.1. High costs and volatility in raw material price
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Fully Processed*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Semi-processed
8. By Thickness
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 8.1.2. Market Attractiveness Index, By Thickness
- 8.2. 0.025-0.05 mm*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Semi-processed
- 8.4. 0.05-0.10 mm
- 8.5. 0.10-0.15 mm
- 8.6. 0.15-0.5 mm
- 8.7. More than 0.5 mm
9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Transformers*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.2.3. Power Transformers
- 9.2.4. Distribution Transformers
- 9.2.5. Current Transformers
- 9.2.6. Welding Transformers
- 9.2.7. Audio Transformers
- 9.2.8. Others
- 9.3. Inductors
- 9.4. Motors
- 9.4.1. Stator
- 9.4.2. Rotors
- 9.4.3. Others
- 9.5. Power Generators
- 9.5.1. Gasoline
- 9.5.2. Diesel
- 9.5.3. Others
- 9.6. Electrical Ballasts
- 9.6.1. Outdoor Lighting
- 9.6.2. Indoor Lighting
- 9.7. Battery
- 9.8. Magnetic bearings
- 9.9. Filters
- 9.10. Others
10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Automotive*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Aviation
- 10.4. Energy and Power
- 10.5. Building and Construction
- 10.6. Household Appliances
- 10.7. Others
11. By Region
- 11.1. Introduction
- 11.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.3. Market Attractiveness Index, By Region
- 11.4. North America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. U.S.
- 11.4.7.2. Canada
- 11.4.7.3. Mexico
- 11.5. Europe
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. Germany
- 11.5.7.2. UK
- 11.5.7.3. France
- 11.5.7.4. Italy
- 11.5.7.5. Spain
- 11.5.7.6. Rest of Europe
- 11.6. South America
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.6.7.1. Brazil
- 11.6.7.2. Argentina
- 11.6.7.3. Rest of South America
- 11.7. Asia-Pacific
- 11.7.1. Introduction
- 11.7.2. Key Region-Specific Dynamics
- 11.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 11.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.7.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.7.7.1. China
- 11.7.7.2. India
- 11.7.7.3. Japan
- 11.7.7.4. Australia
- 11.7.7.5. Rest of Asia-Pacific
- 11.8. Middle East and Africa
- 11.8.1. Introduction
- 11.8.2. Key Region-Specific Dynamics
- 11.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Thickness
- 11.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Company Profiles
- 13.1. ArcelorMittal S.A.
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Baosteel Group Corporation
- 13.3. Pohang Iron and Steel Company (POSCO)
- 13.4. Nippon Steel & Sumimoto Metal
- 13.5. JFE Holdings Inc.
- 13.6. Jiangsu Shagang Group
- 13.7. Tata Steel
- 13.8. The United States Steel Corporation (US Steel)
- 13.9. Angang Steel Co. Ltd.
- 13.10. Gerdau
LIST NOT EXHAUSTIVE
14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
