Non Grain Oriented Electrical Steel Market Analysis: Distribution Channels, End-Users, Growth Factors, Competitive Landscape Forecast Through 2031 | ArcelorMittal S.A., Baosteel Group Corporation, Pohang Iron and Steel Company (POSCO)

The Non Grain Oriented Electrical Steel Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Non Grain Oriented Electrical Steel market from 2024 to 2031, and what is the market value expected to change by 2031?

The global non-grain oriented electrical steel market reached USD million in 2023 and is projected to witness lucrative growth by reaching up to USD million by 2031. The market is growing at a CAGR of 5.2% during the forecast period (2024-2031).

Market Overview:

Non-grain oriented electrical steel (NGO steel) is a type of steel used in the manufacturing of electrical machines, such as motors and transformers. Unlike grain-oriented electrical steel, which has its crystalline structure aligned in a specific direction to reduce energy losses, NGO steel has a more random or non-oriented grain structure. This makes it suitable for applications where the magnetic field direction changes, such as in electric motors. NGO steel offers good magnetic properties and is often used in industries that require reliable and efficient electrical equipment.

Key Developments:

In March 2021, ArcelorMittal invested US$140.9 million in its iCARe electrical steel production facility in Saint Chély d'Apcher, France, to produce advanced non-grain-oriented iCARe electrical steel grades for the electro-mobility sector.

In May 2021, JFE Steel Corporation and JSW Steel Limited (JSW) signed a memorandum of understanding to conduct a feasibility study for establishing a joint venture in India to manufacture and market grain-oriented electrical steel sheets.

List of the Key Players in the Non Grain Oriented Electrical Steel Market:

ArcelorMittal S.A., Baosteel Group Corporation, Pohang Iron and Steel Company (POSCO), Nippon Steel & Sumimoto Metal, JFE Holdings Inc., Jiangsu Shagang Group, Tata Steel, The United States Steel Corporation (US Steel), Angang Steel Co. Ltd. and Gerdau.

Research Process:

Both primary and secondary data sources have been used in the global Non Grain Oriented Electrical Steel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Non Grain Oriented Electrical Steel Market:

By Type: Fully Processed, Semi-Processed

By Thickness: 0.025-0.05 mm, Semi-processed, 0.05-0.10 mm, 0.10-0.15 mm, 0.15-0.5 mm, More than 0.5 mm

By Application: Transformers, Inductors, Motors, Power Generators, Electrical Ballasts, Battery, Magnetic bearings, Filters, Others

By End-User: Automotive, Aviation, Energy and Power, Building and Construction, Household Appliances, Others

Regional Breakout:

The global Non Grain Oriented Electrical Steel Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification 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, and market size of each country in the world.

Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Non Grain Oriented Electrical Steel market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Non Grain Oriented Electrical Steel market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Non Grain Oriented Electrical Steel market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Non Grain Oriented Electrical Steel market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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