Global Non Grain-oriented Electrical Steel Market Analysis By Major Manufacturers and Competitive landscape 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Non Grain-oriented Electrical Steel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
Electrical steels are distinguished by their excellent electro-magnetic properties. There are two major types of electrical steels: grain-oriented (GO) and non-oriented (NO).
 
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】 
https://www.qyresearch.com/reports/2999643/non-grain-oriented-electrical-steel
 According to the new market research report "Non Grain-oriented Electrical Steel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Non Grain-oriented Electrical Steel market size is projected to reach USD 17.41 billion by 2030, at a CAGR of 2.3% during the forecast period.

Electrical steels are distinguished by their excellent electro-magnetic properties. There are two major types of 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.

According to QYResearch Top Players Research Center, the global key manufacturers of Non Grain-oriented Electrical Steel include Baowu, Nippon Steel, Shougang Group, Ansteel, TISCO, JFE Steel, Xin Steel, ThyssenKrupp, CSC, Voestalpine, etc. In 2023, the global top five players had a share approximately 52.0% in terms of revenue.



Market Drivers:

Growing Energy Demand: The increasing global demand for electricity, driven by population growth, industrialization, and urbanization, is a major driver for the NGOES market. As more countries invest in renewable energy sources, such as wind and solar power, the demand for NGOES-based electrical equipment like generators and inverters is expected to rise.

Industrial Development: The expansion of industries, particularly in emerging economies, is boosting the demand for electrical equipment. NGOES finds applications in various industries, including automotive, appliances, construction, and electronics. The growth of these industries, especially in developing regions, presents a significant market opportunity for NGOES.

Electric Vehicle (EV) Market Growth: The rapid adoption of electric vehicles is a significant driver for the NGOES market. NGOES is used in electric motors and traction motors in EVs. With the global push for decarbonization and the increasing demand for electric vehicles, the NGOES market is expected to experience substantial growth.



Restraint:

Raw Material Price Volatility: The cost and availability of raw materials, particularly iron ore and other alloys used in NGOES production, can be volatile. Fluctuations in raw material prices can affect the overall cost of production and profitability for NGOES manufacturers.

Economic Downturns: Economic downturns and fluctuations can impact the NGOES market. During periods of economic slowdown, the demand for electrical equipment and infrastructure projects may decline, affecting the demand for NGOES.



Opportunity:

Technological Advancements: Continuous research and development efforts were focused on improving the magnetic properties and efficiency of NGOES. Manufacturers were investing in advanced production technologies and processes to enhance the performance of NGOES-based electrical equipment.

Emerging Economies: Developing countries, especially in Asia-Pacific, were witnessing rapid industrialization, urbanization, and infrastructure development. This led to an increased demand for electrical equipment, including NGOES-based products, to support the growing energy needs of these economies.
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Non Grain-oriented Electrical Steel market is segmented as below:
By Company
    Baowu
    Nippon Steel
    Shougang Group
    Ansteel
    TISCO
    JFE Steel
    Xin Steel
    ThyssenKrupp
    CSC
    Voestalpine
    Posco
    AK Steel (Cleveland-Cliffs)
    NLMK
    ArcelorMittal
 
Segment by Type
    Medium and Low Grade
    High Grade
 
Segment by Application
    Motor
    Home Appliances
    Power Generator
    Automotive
    Others
 
Each chapter of the report provides detailed information for readers to further understand the Non Grain-oriented Electrical Steel market:
Chapter 1: Introduces the report scope of the Non Grain-oriented Electrical Steel report, global total market size (valve, volume and price). This chapter also provides 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. (2019-2030)
Chapter 2: Detailed analysis of Non Grain-oriented Electrical Steel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Non Grain-oriented Electrical Steel 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. (2019-2030)
Chapter 4: 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.(2019-2030)
Chapter 5:  Sales, revenue of Non Grain-oriented Electrical Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Non Grain-oriented Electrical Steel in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
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. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Non Grain-oriented Electrical Steel competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Non Grain-oriented Electrical Steel comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Non Grain-oriented Electrical Steel market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Non Grain-oriented Electrical Steel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Non Grain-oriented Electrical Steel Market Insights, Forecast to 2030
Global Non Grain-oriented Electrical Steel Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Non Grain-oriented Electrical Steel Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Non Grain-oriented Electrical Steel Market Research Report 2024
Non Grain-oriented Electrical Steel - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Non-Grain Oriented Electrical Steel Sheet Market Insights, Forecast to 2030
Global Non-Grain Oriented Electrical Steel Sheet Market Research Report 2024
Non-Grain Oriented Electrical Steel Sheet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and United States High Grade Non Grain-oriented Electrical Steel Market Report & Forecast 2024-2030
Global High Grade Non Grain-oriented Electrical Steel Market Research Report 2024
Global High Grade Non Grain-oriented Electrical Steel Market Insights, Forecast to 2030
High Grade Non Grain-oriented Electrical Steel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and United States Medium and Low Grade Non Grain-oriented Electrical Steel Market Report & Forecast 2024-2030
Global Medium and Low Grade Non Grain-oriented Electrical Steel Market Research Report 2024
Global Medium and Low Grade Non Grain-oriented Electrical Steel Market Insights, Forecast to 2030
Medium and Low Grade Non Grain-oriented Electrical Steel- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Non Grain-oriented Electrical Steel for Electric Vehicle Market Insights, Forecast to 2030
Non Grain-oriented Electrical Steel - Global Market Insights and Sales Trends 2024
Global and United States Non Grain-oriented Electrical Steel Market Report & Forecast 2023-2029
 
 

Contact Us:

If you have any queries regarding this report or if you would like further information, please contact us:

QY Research Inc.

Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States

E-mail: global@qyresearch.com

Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)

EN: https://www.qyresearch.com

JP: https://www.qyresearch.co.jp

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

This release was published on openPR.