Introduction 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.
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Download SampleMarket Insights According to Publisher’s latest study, the global Non Grain-oriented Electrical Steel market size was valued at US$ 15870 million in 2023. With growing demand in downstream market, the Non Grain-oriented Electrical Steel is forecast to a readjusted size of US$ 19890 million by 2030 with a CAGR of 3.3% during review period. Global Non Grain-oriented Electrical Steel key players include Baowu?Shougang Group?TISCO?Nippon Steel and Ansteel. Global top 5 manufacturers hold a share about 54%. Asia Pacific is the largest market, with a share about 80%, followed by Europe and Americas, have a share about 20%. In terms of product type, Semi-processed is the largest segment, with a share over 80%. And in terms of Application, the largest application is Motor, followed by Home Appliances.
Key Features: The report on Non Grain-oriented Electrical Steel market reflects various aspects and provide valuable insights into the industry. Market Size and Growth: The research report provide an overview of the current size and growth of the Non Grain-oriented Electrical Steel market. It may include historical data, market segmentation by Type (e.g., Semi-processed, Fully Processed), and regional breakdowns.
Market Drivers and Challenges: Market Drivers- Growing Need for Energy Efficiency: The need for NGOES, which enables the design and manufacture of highly efficient electrical equipment with low energy losses, is driven by the growing emphasis on energy efficiency and conservation in power generation, transmission, and distribution systems. Infrastructure Development: The demand for NGOES for use in electrical grids, substations, renewable energy installations, and industrial machinery is fueled by growing investments in infrastructure projects, especially in emerging economies. This supports market growth in the construction and infrastructure sectors. Automobile Electrification: As the automotive industry electrifies, the shift to electric and hybrid electric vehicles (HEVs) necessitates NGOES for traction motors, inverters, and other powertrain components. This is fueling market demand in the automotive sector. Market Challenges: Price Volatility of Raw Materials: The price volatility of raw materials, particularly silicon, a crucial component of the alloy, has an impact on the non-grain-oriented electrical steel market. Price fluctuations for raw materials have the potential to affect producers' profitability and costs of production, which could jeopardize the stability of the market. Strong Rivalry with Grain-Oriented Electrical Steel: Grain-oriented electrical steel, which is best suited for usage in power transformers, competes with non-grain-oriented electrical steel. To preserve market share, manufacturers must draw attention to the benefits of non-grain-oriented electrical steel, such as its suitability for motors and other rotating electrical machinery. Technological Developments: Improved Magnetic Properties: The goal of technological development has been to increase magnetic permeability and decrease core losses in non-grain-oriented electrical steel. This makes it possible for energy to be transferred more effectively and lowers energy losses in electrical equipment, which eventually improves system performance. Surface Treatment and Coatings: To improve the longevity and performance of non-grain-oriented electrical steel, sophisticated surface treatments and coatings have been created. Electrical components have a longer lifespan due to improved electrical insulation and resistance to environmental influences, which are achieved by coatings including anti-corrosion treatments and insulation coatings. Recommendations and Opportunities: Diversify Your Sources of Raw Materials: To reduce supply chain risks, lessen reliance on particular suppliers or geographic areas, and guarantee a steady and sustainable supply of NGOES materials, diversify your sources of raw materials, such as iron ore, electrical steel waste, and alloying components. To diversify revenue streams and seize growth possibilities in developing industries, investigate new market segments, applications, and geographical areas for NGOES goods. These may include developing technologies like electric vehicles, renewable energy storage, and smart grid systems. Market Forecasts and Future Outlook: In the upcoming years, a steady growth is anticipated in the global market for electrical steel that is not grain oriented. The main forces behind market expansion will be the growing demand from the construction of energy infrastructure, the automotive industry's transition to electric vehicles, and the adoption of industrial automation. Technological developments in surface treatment, magnetic property enhancements, and manufacturing process advances will further improve the performance and potential applications of non-grain-oriented electrical steel. Competitive Landscape: The research report provides analysis of the competitive landscape within the Non Grain-oriented Electrical Steel market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market. Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Non Grain-oriented Electrical Steel market. It includes factors influencing customer ' purchasing decisions, preferences for Non Grain-oriented Electrical Steel product. Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Non Grain-oriented Electrical Steel market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Non Grain-oriented Electrical Steel market. The report also evaluates the effectiveness of these policies in driving market growth. Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Non Grain-oriented Electrical Steel market. Market Segmentation: Non 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. Segmentation by type Semi-processed Fully Processed Segmentation by application Motor Home Appliances Power Generator Automotive Others Segmentation 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 Key Players 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
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