According to our (Global Info Research) latest study, the global NGO Electrical Steel market size was valued at USD 16700 million in 2022 and is forecast to a readjusted size of USD 20620 million by 2029 with a CAGR of 3.1% during review period.
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.
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.
The Global Info Research report includes an overview of the development of the NGO Electrical Steel industry chain, the market status of Motor (Semi-processed, Fully Processed), Home Appliances (Semi-processed, Fully Processed), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of NGO Electrical Steel.
Regionally, the report analyzes the NGO Electrical Steel markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global NGO Electrical Steel market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the NGO Electrical Steel market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the NGO Electrical Steel industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Semi-processed, Fully Processed).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the NGO Electrical Steel market.
Regional Analysis: The report involves examining the NGO Electrical Steel market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the NGO Electrical Steel market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to NGO Electrical Steel:
Company Analysis: Report covers individual NGO Electrical Steel manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards NGO Electrical Steel This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Motor, Home Appliances).
Technology Analysis: Report covers specific technologies relevant to NGO Electrical Steel. It assesses the current state, advancements, and potential future developments in NGO Electrical Steel areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the NGO Electrical Steel market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
NGO 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.
Market segment by Type
Semi-processed
Fully Processed
Market segment by Application
Motor
Home Appliances
Power Generator
Automotive
Others
Major players covered
Baowu
Shougang
TISCO
Nippon Steel
Ansteel
Posco
JFE Steel
ThyssenKrupp
Voestalpine
ArcelorMittal
NLMK
CSC
AK Steel (Cleveland-Cliffs)
BX Steel
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe NGO Electrical Steel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of NGO Electrical Steel, with price, sales, revenue and global market share of NGO Electrical Steel from 2018 to 2023.
Chapter 3, the NGO Electrical Steel competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the NGO 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 NGO 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 NGO Electrical Steel.
Chapter 14 and 15, to describe NGO Electrical Steel sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on NGO Electrical Steel. Industry analysis & Market Report on NGO Electrical Steel is a syndicated market report, published as Global NGO Electrical Steel Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of NGO Electrical Steel market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.