Market Overview:
The global non grain-oriented electrical steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising investments in renewable energy sources. In terms of type, the fully processed segment is expected to hold a major share of the market during the forecast period. This can be attributed to the increasing demand for high-quality electrical steel products in various applications such as power generation, AC motor, and household appliances.
Product Definition:
Non Grain-oriented Electrical Steel is a type of steel that is used in electrical equipment. It has a higher resistance to electric current than other types of steel, making it ideal for use in electrical appliances and equipment.
Fully Processed:
Fully processed steel is a new type of material that has been developed to overcome the limitations of conventional materials. Conventional materials such as mild steel fail to fulfill the requirements for high-strength structural components in building and construction industry owing to their low yield strength and ductility. Fully processed steel however, exhibits properties such as high yield strength, good corrosion resistance along with excellent weldability & formability which makes it suitable for use in applications where conventional steels are inadequate or non-existent.
Semi-processed:
Semi-processed steel is a type of electrical steel that has been processed by two processes, namely electric arc and induction heating. It contains carbon and silicon along with some other impurities like manganese, sulfur, phosphorus and nitrogen. The presence of these impurities in the product makes it unsuitable for use in the grain-oriented electrical steel market.
Application Insights:
The power generation application segment led the global non-grain-oriented electrical steel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for power generation equipment across developing countries in Asia Pacific and Middle East & Africa, on account of growing industrialization, rapid urbanization, rising income levels and improving infrastructure.
Non grain oriented electrical steel finds application in various components of power plants including boiler house flue gas desulfurization equipment, auxiliary services buildings such as transformer halls or switchyards along with other facilities such as feeder stations or distribution/transmission lines that serve remote areas with reliable electricity supply for heavy industry operations or large scale commercial activities.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing per capita income, changing lifestyle, and rising investments in various infrastructure development projects. Moreover, government initiatives encouraging FDI are likely to contribute toward growth. China emerged as a major consumer owing to large-scale production of non-ferrous metals including zinc, lead, and nickel as well as steel produced from these raw materials.
Europe is anticipated to witness significant growth during the forecast period due to stringent regulations regarding carbon emissions by governments across countries such as Germany has led it being ranked among world’s top 10 emitters of greenhouse gases along with U.S.
Growth Factors:
- Increasing demand from the electrical equipment and transformer industries
- Growing urbanization and industrialization in developing countries
- Rising investment in renewable energy sources
- Proliferation of electric vehicles
- Development of next-generation electrical steel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Non Grain-oriented Electrical Steel Market Research Report
By Type
Fully Processed, Semi-processed
By Application
Power Generation, AC Motor, Household Appliances, Others
By Companies
Baowu, ArcelorMittal, TISCO, JFE Steel, Shougang Group, NSSMC, NLMK, Ansteel, AK Steel, Thyssen Krupp, Voestalpine, Masteel, Posco, TATA Steel, BX Steel, Nucor, CSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Non Grain-oriented Electrical Steel Market Report Segments:
The global Non Grain-oriented Electrical Steel market is segmented on the basis of:
Types
Fully Processed, Semi-processed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, AC Motor, Household Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baowu
- ArcelorMittal
- TISCO
- JFE Steel
- Shougang Group
- NSSMC
- NLMK
- Ansteel
- AK Steel
- Thyssen Krupp
- Voestalpine
- Masteel
- Posco
- TATA Steel
- BX Steel
- Nucor
- CSC
Highlights of The Non Grain-oriented Electrical Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Processed
- Semi-processed
- By Application:
- Power Generation
- AC Motor
- Household Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non Grain-oriented Electrical Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non grain-oriented electrical steel is a type of steel that does not contain any grains. This type of steel is often used in the construction industry because it is strong and can withstand a lot of wear and tear.
Some of the major players in the non grain-oriented electrical steel market are Baowu, ArcelorMittal, TISCO, JFE Steel, Shougang Group, NSSMC, NLMK, Ansteel, AK Steel, Thyssen Krupp, Voestalpine, Masteel, Posco, TATA Steel, BX Steel, Nucor, CSC.
The non grain-oriented electrical steel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Non Grain-oriented Electrical Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non Grain-oriented Electrical Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non Grain-oriented Electrical Steel Market - Supply Chain
4.5. Global Non Grain-oriented Electrical Steel Market Forecast
4.5.1. Non Grain-oriented Electrical Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non Grain-oriented Electrical Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Non Grain-oriented Electrical Steel Market Absolute $ Opportunity
5. Global Non Grain-oriented Electrical Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
5.3.1. Fully Processed
5.3.2. Semi-processed
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Non Grain-oriented Electrical Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. AC Motor
6.3.3. Household Appliances
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Non Grain-oriented Electrical Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Non Grain-oriented Electrical Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Non Grain-oriented Electrical Steel Demand Share Forecast, 2019-2026
9. North America Non Grain-oriented Electrical Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. AC Motor
9.4.3. Household Appliances
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
9.7.1. Fully Processed
9.7.2. Semi-processed
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Non Grain-oriented Electrical Steel Demand Share Forecast, 2019-2026
10. Latin America Non Grain-oriented Electrical Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. AC Motor
10.4.3. Household Appliances
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
10.7.1. Fully Processed
10.7.2. Semi-processed
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Non Grain-oriented Electrical Steel Demand Share Forecast, 2019-2026
11. Europe Non Grain-oriented Electrical Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. AC Motor
11.4.3. Household Appliances
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
11.7.1. Fully Processed
11.7.2. Semi-processed
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Non Grain-oriented Electrical Steel Demand Share, 2019-2026
12. Asia Pacific Non Grain-oriented Electrical Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. AC Motor
12.4.3. Household Appliances
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
12.7.1. Fully Processed
12.7.2. Semi-processed
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Non Grain-oriented Electrical Steel Demand Share, 2019-2026
13. Middle East & Africa Non Grain-oriented Electrical Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. AC Motor
13.4.3. Household Appliances
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Non Grain-oriented Electrical Steel Market Size and Volume Forecast by Type
13.7.1. Fully Processed
13.7.2. Semi-processed
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Non Grain-oriented Electrical Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Non Grain-oriented Electrical Steel Market: Market Share Analysis
14.2. Non Grain-oriented Electrical Steel Distributors and Customers
14.3. Non Grain-oriented Electrical Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baowu
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ArcelorMittal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TISCO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JFE Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shougang Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NSSMC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NLMK
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ansteel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AK Steel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Thyssen Krupp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Voestalpine
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Masteel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Posco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TATA Steel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BX Steel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nucor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CSC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
