Non-oriented Electrical Steel Market, Global Outlook and Forecast 2023-2032
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.
This report aims to provide a comprehensive presentation of the global market for Non-oriented Electrical Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Non-oriented Electrical Steel. This report contains market size and forecasts of Non-oriented Electrical Steel in global, including the following market information:
Global Non-oriented Electrical Steel Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Non-oriented Electrical Steel Market Sales, 2018-2023, 2024-2032, (MT)
Global top five Non-oriented Electrical Steel companies in 2022 (%)
The global Non-oriented Electrical Steel market was valued at US$ 19390 million in 2022 and is projected to reach US$ 27060 million by 2029, at a CAGR of 4.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global non grain-oriented electrical steel main players include Baowu, Shougang Group and TISCO etc. The top 5 companies hold a share about 50%. Asia Pacific is the largest market of non grain-oriented electrical steel, with a share over 75%, followed by Europe and North America.In terms of product, semi-processed is the largest segment, with a share over 70%. And in terms of application, the largest application is motor, followed by home appliances.
We has surveyed the Non-oriented Electrical Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Non-oriented Electrical Steel Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Non-oriented Electrical Steel Market Segment Percentages, by Type, 2022 (%)
Fully Processed Non-oriented Electrical Steel
Semi-processed Non-oriented Electrical Steel
Global Non-oriented Electrical Steel Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Non-oriented Electrical Steel Market Segment Percentages, by Application, 2022 (%)
Power Generation
AC Motor
Household Appliances
Others
Global Non-oriented Electrical Steel Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Non-oriented Electrical Steel Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Non-oriented Electrical Steel revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Non-oriented Electrical Steel revenues share in global market, 2022 (%)
Key companies Non-oriented Electrical Steel sales in global market, 2018-2023 (Estimated), (MT)
Key companies Non-oriented Electrical Steel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baowu
ArcelorMittal
TISCO
JFE Steel
Shougang Group
NSSMC
NLMK
Ansteel
AK Steel
Thyssen Krupp
Voestalpine
Masteel
Posco
TATA Steel
BX Steel
Nucor
CSC
Baosteel
Outline of Major Chapters:
Chapter 1: Introduces the definition of Non-oriented Electrical Steel, market overview.
Chapter 2: Global Non-oriented Electrical Steel market size in revenue and volume.
Chapter 3: Detailed analysis of Non-oriented Electrical Steel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Non-oriented Electrical Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Non-oriented Electrical Steel capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
