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Grain Oriented Electrical Steel Sheet Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Grain Oriented Electrical Steel Sheet Market SizeAccording to QYResearch's new survey, global Grain Oriented Electrical Steel Sheet market is projected to reach US$ 9111 million in 2029, increasing from US$ 8445 million in 2022, with the CAGR of 3.2% during the period of 2023 to 2029.
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Grain Oriented Electrical Steel Sheet Market
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.
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Segment by Type
• HGO
• CGO
Segment by Application
• Transformer
• Others
By Company
Baoshan Iron & Steel Co., Ltd., Nippon Steel Corporation, NLMK Group, ThyssenKrupp AG, AK Steel Corporation (Cleveland-Cliffs Inc.), JFE Steel Corporation, Beijing Shougang Co., Ltd., Posco International Corporation, Chongqing Wangbian Electric (Group) Corp., Ltd., Stalprodukt S.A., Baotou Weifeng Rare Earth Electromagnetic Material Co., Ltd., Ningbo Yinyi Group Co., Ltd., Aperam S.A., Zhejiang Huaying New Material Technology Co., Ltd., Wuxi Huajing New Materials Co., Ltd., Jiangyin Huashi Huaxi Cold Rolled Strip Co., Ltd., Jiangsu Beichen Hubang Electric Power Co., Ltd.
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