Comprehensive historical analysis of global market for Electrical Steel (Non-grain oriented (NOES) has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Electrical Steel (Non-grain oriented (NOES) market.
The Electrical Steel Non-Grain Oriented (NOES) Market is expected to reach USD 26.13 billion by 2030, at a CAGR of 6.1% from 2022 to 2030.
The report includes growth prospects in the global Electrical Steel (Non-grain oriented (NOES) market by type, application, sub-segment, and region. QMI has compiled a comprehensive, detailed research report to offer insights. The report details consumption in Advanced Materials and other sectors. Regional coverage spans North America, Europe, and the rest of the world, including Asia Pacific.
Electrical steel is a type of steel that is used in the cores of electromagnetic equipment including motors, generators, and transformers to prevent power loss. Since Si is the primary added element, electrical steel is also known as silicon steel. Among all soft magnetic materials, electrical steels are the most widely utilized (almost 90% by volume). Silicon-iron electrical steel in the shape of fine laminations is the most common soft magnetic material used by electrical machinery.
Non-oriented (NO) electrical steel and grain-oriented (GO) electrical steel are the two forms of electrical steel. NO steel is commonly used in rotating electrical equipment, such as motors and generators, where the magnetization orientation is changed in the sheet plane. GO steel is primarily utilized as a core material for unidirectional magnetized static equipment such as transformers. Because of the varied flux directions, oriented steels have the least core loss and are utilized in transformers, whereas non-oriented steel is employed in electrical equipment. NOES is a direct material input utilized in the production of electric motors for both hybrid and electric automobiles.
Leading players of Electrical Steel (Non-grain oriented (NOES) including:
- Baowu
- Arcelor Mittal
- POSCO
- Shougang Group
- Nippon Steel Corporation
- Thyssenkrupp
- voestalpine AG
- Jindal Steel and Power Limited
- Benxi Steel Group Co., Ltd
- United States Steel Corporation
- Nucor Corporation
- NLMK
- SAIL
- HBIS Group
- Aperam S.A.
- JFE Steel Corporation
- Arnold Magnetic Technologies
- Baosteel Group Corporation
- TATA Steel Limited
- FE Steel Corporation
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Market split by Segement can be divided into:
Thickness Type Analysis
- 0.35 mm
- 0.5 mm
- 0.65 mm
- Others
Type Analysis
- Semi-processed
- Fully Processed
Application Type Analysis
- Household Appliances
- AC Motor
- Power Generation
- Others
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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On March 2023, United States Steel Corporation announced that manufacturing of its new electrical steel product, InduX, will begin in the summer of 2023 at its Big River Steel facility with the inauguration of its new non-grain oriented (NGO) electrical steel line. InduX electrical steel is a broad, ultra-thin, lightweight steel with all of the magnetic qualities required for electric vehicles (EV), generators, and transformers.
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What's covered in the report?
- 1. Overview of the Electrical Steel (Non-grain oriented (NOES) market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) market size data for the Electrical Steel (Non-grain oriented (NOES) market, based on segement.
- 3. Electrical Steel (Non-grain oriented (NOES) Market trends.
- 4. Electrical Steel (Non-grain oriented (NOES) Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Electrical Steel (Non-grain oriented (NOES) market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Electrical Steel (Non-grain oriented (NOES) Industry.
3. Leading company profiles reveal details of key Electrical Steel (Non-grain oriented (NOES) market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Electrical Steel (Non-grain oriented (NOES) market with five-year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Electrical Steel (Non-grain oriented (NOES) market over the upcoming seven years
7. Accurate estimation of the global Electrical Steel (Non-grain oriented (NOES) market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the global Electrical Steel (Non-grain oriented (NOES) market across North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Electrical Steel (Non-grain oriented (NOES) market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Electrical Steel (Non-grain oriented (NOES) market
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