Report overview
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel: grain oriented electrical steel and non-grain oriented electrical steel, and they are used for different applications. In this report we researched grain oriented electrical steel.
Grain oriented electrical steels are iron-silicon magnetic alloys. These alloys are used to construct the cores of highly-efficient electric transformers due to their unique magnetic properties. Available in grades M-2, M-3, M-4, M-5 and M-6, with superior magnetic properties in the rolling direction, oriented steels are used in transformer cores. They are used in large generators and other apparatus when the design permits the directional magnetic characteristics to be used efficiently.
Grain oriented electrical steel usually has a silicon level of 3%. It is processed in such a way that the optimal properties are developed in the rolling direction, due to a tight control (proposed by Norman P. Goss) of the crystal orientation relative to the sheet. Grain oriented electrical steels are usually applied in transformers, rectifiers and so on.
This report aims to provide a comprehensive presentation of the global market for Grain 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 Grain Oriented Electrical Steel. This report contains market size and forecasts of Grain Oriented Electrical Steel in global, including the following market information:
Global Grain Oriented Electrical Steel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Grain Oriented Electrical Steel Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Grain Oriented Electrical Steel companies in 2022 (%)
The global Grain Oriented Electrical Steel market was valued at US$ 6600.2 million in 2022 and is projected to reach US$ 8114.8 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Grain Oriented Electrical Steel market include Baowu Group, Nippon Steel Corporation, AK Steel, etc. The top 3 players occupy about 50% shares of the global market. APAC and Europe are main markets, they occupy about 85% of the global market. High Magnetic Strength is the main type, with a share about 55%. Transformer is the main application, which holds a share about 70%.
We surveyed the Grain 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 Grain Oriented Electrical Steel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Grain Oriented Electrical Steel Market Segment Percentages, by Type, 2022 (%)
High Magnetic Strength
Conventional
Domain Refinement
Global Grain Oriented Electrical Steel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Grain Oriented Electrical Steel Market Segment Percentages, by Application, 2022 (%)
Transformer
Power Generator
Motor
Others
Global Grain Oriented Electrical Steel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Grain 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 Grain Oriented Electrical Steel revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Grain Oriented Electrical Steel revenues share in global market, 2022 (%)
Key companies Grain Oriented Electrical Steel sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Grain Oriented Electrical Steel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baowu Group
Nippon Steel Corporation
AK Steel
NLMK Group
Shougang
ThyssenKrupp
JFE Steel
Posco
Stalprodukt S.A.
Ansteel
Outline of Major Chapters:
Chapter 1: Introduces the definition of Grain Oriented Electrical Steel, market overview.
Chapter 2: Global Grain Oriented Electrical Steel market size in revenue and volume.
Chapter 3: Detailed analysis of Grain 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 Grain 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 Grain 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.
