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 USD 6600.2 million in 2022 and is forecast to a readjusted size of USD 8114.8 million by 2029 with a CAGR of 3.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Grain Oriented Electrical Steel market include Baowu Group, Nippon Steel Corporation, AK Steel, etc. The top 3 players occupy about 50% shares of the global market. APAC and Europe are main markets, they occupy about 85% of the global market. High Magnetic Strength is the main type, with a share about 55%. Transformer is the main application, which holds a share about 70%.
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Market segment by Type
High Magnetic Strength
Conventional
Domain Refinement
Market segment by Application
Transformer
Power Generator
Motor
Others
Major players covered
Baowu Group
Nippon Steel Corporation
AK Steel
NLMK Group
Shougang
ThyssenKrupp
JFE Steel
Posco
Stalprodukt S.A.
Ansteel
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 2023, are provided.
Market Segmentation
Grain Oriented Electrical Steel market is split by Type and by Application. For the period 2018-2029, 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.
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
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, revenue and global market share of Grain Oriented Electrical Steel from 2018 to 2023.
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 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
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 2017 to 2022.and Grain Oriented Electrical Steel market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
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.
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