Non-Grain Oriented Electrical Steel Market : Forecast to 2024-2032
| 出版 | Fortune Business Insights |
| 出版年月 | 2024年5月 |
| ページ数 | 150 |
| 価格タイプ | シングルユーザライセンス |
| 価格 | USD 4,850 |
| 種別 | 英文調査報告書 |
Report Overview
Growth Factors of Non-Grain Oriented Electrical Steel Market
The non-grain oriented electrical steel market size was valued at USD 17.39 billion in 2023, and the market is now projected to grow from USD 18.15 billion in 2024 to USD 26.88 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period of 2024-2032.
COVID-19-related government measures disrupted steel output for manufacturers. Lower demand for power from business and business sectors led to a lower in strength generator use. This ended in lowering demand for non-grain orientated electrical steel, that’s important for generating excessive-performance energy generating motors. These issues disturbed both supply and demand for the goods.
Non-grain oriented steel is a crucial magnetic and structural material for producing electrical instruments like power generation motors and rotors. Its excellent punching workability, strong magnetic flux, and high efficiency make it suitable for large rotating equipment. The constant demand for power generation motors and rotors has increased the consumption of electrical steel. The rapid growth of the automotive industry also drives the market growth, as non-oriented grain electric steel is essential for motor production and high-performance electric vehicles.
The steel sector has had moderate growth in recent years. However, the emergence of hybrid electric cars has led to growing product demand. The utilization of non-grain orientated electrical steel in EV cars is in all likelihood to pressure market expansion, specially in emerging international locations. Non-grain oriented electric metallic is generally used in production EV rotors, traction automobiles, and different electrical home equipment. Electrical metallic is used in engines, traction cars, high-speed rotors, and electric cars in both conventional and electric powered cars. Hybrid electric vehicles are driving up non-grain oriented electrical steel market growth, providing market potential throughout the projection period.
Comprehensive Analysis of Non-Grain Oriented Electrical Steel Market
The non-grain oriented electrical steel market is segmented into thicknesses (0.35 mm, 0.5 mm, 0.65 mm, and others), with the 0.5 mm segment dominating the market in 2023. Thicker sheets are used in heavy-duty equipment like transformers and power generators, while thinner sheets are used in smaller motors and generators. The market is divided into semi-processed and fully-processed types. Semi-processed steel is heat-treated to achieve desired microstructure, allowing for customization in applications like electric motor rotors and stators. Fully-processed steel is used in limited magnetic field applications. The market is categorized into household appliances, AC motors, and power generation. Power generation is the largest segment, with the highest CAGR growth expected. The growing demand for energy-efficient motors in home appliances is also driving demand for non-grain oriented steel.
The Asia Pacific region lead the non-grain oriented electrical steel market share by benefitting a market size of USD 7.84 billion in 2023 due to developing nations, such as India and China, have significant untapped economic development potential. That is expected to occur throughout the evaluation phase. Infrastructure demand, particularly in electricity distribution, generation, and transmission, is expected to rise in these countries as their economies expand. NGOES are essential components of any electrical equipment in power infrastructure. Growing demand from the electrical power industry is expected to boost market expansion in Asia Pacific. China is the top country in Asia Pacific due to increased demand for electricity from diverse industries.
Key players in the steel industry include Benxi Steel Group Co., Ltd. (China), CSC Steel Sdn. Bhdx. (Malaysia), Tata Steel (India), Nucor Corporation (US), NLMK (Russia), ArcelorMittal S.A. (Luxembourg), Shougang Group (China), Thyssenkrupp Steel (Germany), Baosteel Group Corporation (China), POSCO (South Korea), NIPPON STEEL CORPORATION (Japan), and Voestalpine Group. These firms focus on product innovation, capacity improvement, cooperation, and market acquisitions.
January 2024: POSCO completes building of the new electrical sheet facility in Gawangyang. The newly built factory can create high-efficiency, environmentally friendly non-grain oriented electrical steel sheets. The firm aims to attain net zero carbon emissions by 2050 by competing in green product categories.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.0% from 2024 to 2032
Unit Value (USD Billion), Volume (Kiloton)
Segmentation By Thickness
• 0.35 mm
• 0.5 mm
• 0.65 mm
• Others
By Type
• Semi-processed
• Fully Processed
By Application
• Household Appliances
• AC Motor
• Power Generation
• Others
By Geography
• North America (Value & Volume)
o U.S.
o Canada
• Europe (Value & Volume)
o Germany
o U.K.
o France
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific (Value & Volume)
o China
o Japan
o South Korea
o Australia
o Thailand
o Rest of Asia Pacific
• Latin America (Value & Volume)
o Brazil
o Argentina
o Chile
o Rest of Latin America
• Middle East & Africa (Value & Volume)
o South Africa
o Egypt
o UAE
o Saudi Arabia
o Rest of MEA
Table of Contents
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Regions
4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Insights on Impact of COVID-19 on the Market
5. Global Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Thickness (Value and Volume)
5.2.1. 0.35 mm
5.2.2. 0.5 mm
5.2.3. 0.65 mm
5.2.4. Others
5.3. By Type (Value and Volume)
5.3.1. Semi-processed
5.3.2. Fully Processed
5.4. By Application (Value and Volume)
5.4.1. Household Appliances
5.4.2. AC Motor
5.4.3. Power Generation
5.4.4. Others
5.5. By Region (Value and Volume)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Type (Value and Volume)
6.2.1. Semi-processed
6.2.2. Fully Processed
6.3. By Application (Value and Volume)
6.3.1. Household Appliances
6.3.2. AC Motor
6.3.3. Power Generation
6.3.4. Others
6.4. By Country (Value and Volume)
6.4.1. U.S
6.4.2. Canada
7. Europe Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Type (Value and Volume)
7.2.1. Semi-processed
7.2.2. Fully Processed
7.3. By Application (Value and Volume)
7.3.1. Household Appliances
7.3.2. AC Motor
7.3.3. Power Generation
7.3.4. Others
7.4. By Country (Value and Volume)
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Italy
7.4.5. Russia
7.4.6. Rest of Europe
8. Asia-Pacific Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Type (Value and Volume)
8.2.1. Semi-processed
8.2.2. Fully Processed
8.3. By Application (Value and Volume)
8.3.1. Household Appliances
8.3.2. AC Motor
8.3.3. Power Generation
8.3.4. Others
8.4. By Country (Value and Volume)
8.4.1. China
8.4.2. India
8.4.3. Australia
8.4.4. Indonesia
8.4.5. Thailand
8.4.6. Malaysia
8.4.7. Philippines
8.4.8. Vietnam
8.4.9. Rest of Asia Pacific
9. Latin America Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Type (Value and Volume)
9.2.1. Semi-processed
9.2.2. Fully Processed
9.3. By Application (Value and Volume)
9.3.1. Household Appliances
9.3.2. AC Motor
9.3.3. Power Generation
9.3.4. Others
9.4. By Country (Value and Volume)
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Colombia
9.4.4. Argentina
9.4.5. Rest of Latin America
10. Middle East & Africa Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Type (Value and Volume)
10.2.1. Semi-processed
10.2.2. Fully Processed
10.3. By Application (Value and Volume)
10.3.1. Household Appliances
10.3.2. AC Motor
10.3.3. Power Generation
10.3.4. Others
10.4. By Country (Value and Volume)
10.4.1. Turkey
10.4.2. Saudi Arabia
10.4.3. UAE
10.4.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. Company Profiles
11.1.1. Benxi Steel Group Co., Ltd
11.1.1.1. Overview
11.1.1.2. Description
11.1.1.3. Product Portfolio
11.1.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.1.5. Recent Developments
11.1.2. CSC Steel Sdn. Bhd.
11.1.2.1. Overview
11.1.2.2. Description
11.1.2.3. Product Portfolio
11.1.2.4. Financials (Data as available in public domain and/or on paid databases)
11.1.2.5. Recent Developments
11.1.3. Tata Steel
11.1.3.1. Overview
11.1.3.2. Description
11.1.3.3. Product Portfolio
11.1.3.4. Financials (Data as available in public domain and/or on paid databases)
11.1.3.5. Recent Developments
11.1.4. Nucor Corporation
11.1.4.1. Overview
11.1.4.2. Description
11.1.4.3. Product Portfolio
11.1.4.4. Financials (Data as available in public domain and/or on paid databases)
11.1.4.5. Recent Developments
11.1.5. NLMK
11.1.5.1. Overview
11.1.5.2. Description
11.1.5.3. Product Portfolio
11.1.5.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5.5. Recent Developments
11.1.6. ArcelorMittal S.A.
11.1.6.1. Overview
11.1.6.2. Description
11.1.6.3. Product Portfolio
11.1.6.4. Financials (Data as available in public domain and/or on paid databases)
11.1.6.5. Recent Developments
11.1.7. Shougang Group
11.1.7.1. Overview
11.1.7.2. Description
11.1.7.3. Product Portfolio
11.1.7.4. Financials (Data as available in public domain and/or on paid databases)
11.1.7.5. Recent Developments
11.1.8. thyssenkrupp Steel
11.1.8.1. Overview
11.1.8.2. Description
11.1.8.3. Product Portfolio
11.1.8.4. Financials (Data as available in public domain and/or on paid databases)
11.1.8.5. Recent Developments
11.1.9. Baosteel Group Corporation
11.1.9.1. Overview
11.1.9.2. Description
11.1.9.3. Product Portfolio
11.1.9.4. Financials (Data as available in public domain and/or on paid databases)
11.1.9.5. Recent Developments
11.1.10. POSCO
11.1.10.1. Overview
11.1.10.2. Description
11.1.10.3. Product Portfolio
11.1.10.4. Financials (Data as available in public domain and/or on paid databases)
11.1.10.5. Recent Developments
11.1.11. NIPPON STEEL CORPORATION
11.1.11.1. Overview
11.1.11.2. Description
11.1.11.3. Product Portfolio
11.1.11.4. Financials (Data as available in public domain and/or on paid databases)
11.1.11.5. Recent Developments
11.1.12. Voestalpine Group
11.1.12.1. Overview
11.1.12.2. Description
11.1.12.3. Product Portfolio
11.1.12.4. Financials (Data as available in public domain and/or on paid databases)
11.1.12.5. Recent Developments
11.1.13. Yieh Corporation
11.1.13.1. Overview
11.1.13.2. Description
11.1.13.3. Product Portfolio
11.1.13.4. Financials (Data as available in public domain and/or on paid databases)
11.1.13.5. Recent Developments
11.1.14. Aperam S.A.
11.1.14.1. Overview
11.1.14.2. Description
11.1.14.3. Product Portfolio
11.1.14.4. Financials (Data as available in public domain and/or on paid databases)
11.1.14.5. Recent Developments
11.1.15. Arnold Magnetic Technologies
11.1.15.1. Overview
11.1.15.2. Description
11.1.15.3. Product Portfolio
11.1.15.4. Financials (Data as available in public domain and/or on paid databases)
11.1.15.5. Recent Developments
12. Strategic Recommendations
Fortune Business Insights（フォーチュンビジネスインサイツ）は多様な産業を対象に市場調査を行い、市場動向、競争環境、将来予測などを盛り込んだ市場調査レポートを出版しています。
ライセンス別価格表
調査会社の事情により予告なしに変更されることがございます。最新の状況およびその他のパターンについてはお問い合わせください。
| シングルユーザ | マルチユーザ | エンタープライズ |
| USD4,850 | USD5,850 | USD6,850 |
ご購入に関するご案内
価格・納期について
- 価格
- ウェブサイトに記載の外貨（定価）を見積日のTTSレートで換算後消費税を加えた金額が弊社からの請求金額になります。見積金額はレート変動に関係なく見積書発行日より2週間有効です。手数料（ハンドリングチャージ）無料。
- ライセンス
- シングルユーザライセンス
- 提供ファイル：印刷不可PDF
- 1名のみレポートファイルのご利用が可能です。
- マルチユーザライセンス
- 提供ファイル：印刷不可PDF＋Excel
- 同一企業内6名までレポートファイルのご共有が可能です。
- エンタープライズライセンス
- 提供ファイル：印刷可能PDF＋Excel
- 同一企業内人数無制限でレポートファイルのご共有が可能です。
- シングルユーザライセンス
- 納品方法
- Eメール
- 納期
- レポートタイトルにより異なります。詳細はお気軽にお問い合わせください。
ご注文方法
- レポートページ内のお問い合わせフォームより見積もりをご請求ください。確認次第見積書と発注書をお送りいたします。既に弊社の見積書をお持ちの場合にはEメールまたはFAXでご注文ください。
その他
- 商品の性質上、ご注文後のキャンセル/返品/交換はできません。ご了承ください。
株式会社SEMABIZはFortune Business Insightsの日本の販売代理店として、Fortune Business Insightsのレポートを取り扱っております。サンプルページのご依頼、見積り、レポートに関するご質問など購入前のご相談はいつでもお気軽にSEMABIZまでご連絡ください。
最新調査レポート