GO Electrical Steel Market 2025: Trends, Demand Surge, and Industry Forecast | Baowu Group, Nippon Steel, NLMK, Shougang

LOS ANGELES, United States: QY Research has recently published a report, titled "Global GO Electrical Steel Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031". The report is a brilliant presentation of a highly detailed, comprehensive, and accurate research study on the global GO Electrical Steel market. The research study explores some of the important aspects of the global GO Electrical Steel market and shows how different factors such as price, competition, market dynamics, regional expansion, gross margin, and consumption are impacting market growth. The report includes deep analysis of the competitive landscape and exhaustive company profiling of leading companies operating in the global GO Electrical Steel market. It provides accurate facts and figures related to the global GO Electrical Steel market, such as market value, volume, production, revenue, market share, and CAGR.

In 2023, the global market size of GO Electrical Steel was estimated to be worth US$ 9401 million and is forecast to reach approximately US$ 12510 million by 2030 with a CAGR of 4.2% during the forecast period 2024-2030.

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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.

Global key players of GO Electrical Steel include Baowu Group, Nippon Steel, NLMK, Shougang, AK Steel (Cleveland-Cliffs), etc. The top five players hold a share about 58%. Asia-Pacific is the world's largest market for GO Electrical Steel and holds a share about 69%, followed by Europe and Americas, with share about 13% and 13%, separately. In terms of product type, High Magnetic Strength is the largest segment, accounting for a share about 57%. In terms of application, Transformer is the largest field with a share about 91 percent.

The report has been prepared with the use of latest primary and secondary research techniques, industry-best tools, and various sources. We have used qualitative as well as quantitative analysis to offer a complete study of the global GO Electrical Steel market. Our market research experts have also provided SWOT analysis, PESTLE analysis, and other important types of analysis to thoroughly examine the global GO Electrical Steel market. The regional analysis section gives useful information and details related to leading and other geographical markets and shows how they are expected to grow during the forecast period.

Major Players

Understand different trends and scenarios of the competitive landscape as we help you with exhaustive and reliable market intelligence. Our actionable competitor analysis provides you great insights about your rivals and other players so you could intelligently compete with them. Besides learning about your competitors, you will be informed about current and future changes in the industry and how they will impact your business in the coming years. We keep gut feelings and guesswork out of our research work. Our reports include a thorough analysis of market competition and other factors associated with the vendor landscape.

Key Manufacturers Operating in the Global GO Electrical Steel Market are:

Baowu Group
Nippon Steel
NLMK
Shougang
AK Steel (Cleveland-Cliffs)
ThyssenKrupp
Posco
JFE Steel
Stalprodukt S.A.
Chongqing Wangbian
Baotou Weifeng
Zhejiang Huaying
Aperam
Wuxi Huajing

The report offers great insights into important segments of the global GO Electrical Steel market while concentrating on their CAGR, market size, market share, and future growth potential. The global GO Electrical Steel market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global GO Electrical Steel market.

Details of GO Electrical Steel Market Segmentation: -

Segment by Type:

High Magnetic Strength
Conventional

Segment by Application:

Transformer
Motor
Others

Regional Market Analysis

This is one of the most valuable portions of the research study that helps readers to gain a quick understanding of the advancement of the global GO Electrical Steel market in different parts of the world. The regional analysis provided in the report can be a powerful tool that market players can use to increase their presence in the global GO Electrical Steel market. Each geographical market studied in the report is analyzed on the basis of crucial factors such as gross margin, market share, production, price, consumption, and CAGR.

Report Objectives

1. What will be the market size (in terms of value and volume) in the coming years?
2. Which are the leading players of the market?
3. Which region will see strong growth in the near future?
4. What will be the market shares of prominent companies in the next five years?
5. Which products will show higher sales during the forecast period?
6. Which application is expected to reach the highest CAGR?

How do we analyze procured information and data?

We calculate base numbers through analysis of company shares and revenues and derivation of market estimates using analysis of ancillary and parent markets. Our analysts are always on their toes to track technological developments in various segments of the market. We have sound understanding of regulatory frameworks, market trends, and consumers, which helped us to provide deep analysis of the global GO Electrical Steel market. In order to determine Y-o-Y trends, we analyze historical market trends and superimpose them on current and future variables.

With a view to determine the future course of the global GO Electrical Steel market, we analyzed sustainability strategies adopted by market players and several other factors. Some of the key factors that we analyzed to establish future growth of the global GO Electrical Steel market are changes in market dynamics, and reimbursement and regulatory trends. Our researchers have clear understanding of regional expansion, product commercialization, and other aspects, which helps them to estimate market penetration rates and analyze future opportunities.

Estimates from the Demand Side

1. Market forecast using variable analysis

2. Heuristic forecast using insights from subject matter experts

3. Estimation of revenue and volume figures with the help of segment penetration analysis

4. Identification of ancillary and parent markets

Estimates from the Supply Side

1. Market forecast through analysis of distribution networks, market initiatives, pipelines, and commercialization rates

2. Identification of market leaders and analysis of their market shares using competitive benchmarking

3. Determination of segment revenues with penetration modeling and variable analysis

4. Estimation of company revenues with the help of online sources, investor presentations, and annual reports.

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Table of Contents

1 Study Coverage
1.1 GO Electrical Steel Product Introduction
1.2 Market by Type
1.2.1 Global GO Electrical Steel Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 High Magnetic Strength
1.2.3 Conventional
1.3 Market by Application
1.3.1 Global GO Electrical Steel Market Size Growth Rate by Application (2020 VS 2024 VS 2031)
1.3.2 Transformer
1.3.3 Motor
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered

2 Executive Summary
2.1 Global GO Electrical Steel Market Size Estimates and Forecasts
2.1.1 Global GO Electrical Steel Revenue 2020-2031
2.1.2 Global GO Electrical Steel Sales 2020-2031
2.2 GO Electrical Steel Market Size by Region: 2024 Versus 2031
2.3 GO Electrical Steel Sales by Region (2020-2031)
2.3.1 Global GO Electrical Steel Sales by Region: 2020-2025
2.3.2 Global GO Electrical Steel Sales Forecast by Region (2026-2031)
2.3.3 Global GO Electrical Steel Sales Market Share by Region (2020-2031)
2.4 GO Electrical Steel Market Estimates and Projections by Region (2026-2031)
2.4.1 Global GO Electrical Steel Revenue by Region: 2020-2025
2.4.2 Global GO Electrical Steel Revenue Forecast by Region (2026-2031)
2.4.3 Global GO Electrical Steel Revenue Market Share by Region (2020-2031)

3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global GO Electrical Steel Sales by Type (2020-2031)
3.1.1.1 Global GO Electrical Steel Sales Volume by Type (2020-2031)
3.1.1.2 Global GO Electrical Steel Sales Market Share by Type (2020-2031)
3.1.2 Global GO Electrical Steel Revenue by Type (2020-2031)
3.1.2.1 Global GO Electrical Steel Revenue by Type (2020-2031)
3.1.2.2 Global GO Electrical Steel Revenue Market Share by Type (2020-2031)
3.1.3 GO Electrical Steel Average Selling Price (ASP) by Type (2020-2031)
3.2 Breakdown Data by Application
3.2.1 Global GO Electrical Steel Sales by Application (2020-2031)
3.2.1.1 Global GO Electrical Steel Sales Volume by Application (2020-2031)
3.2.1.2 Global GO Electrical Steel Sales Market Share by Application (2020-2031)
3.2.2 Global GO Electrical Steel Revenue by Application (2020-2031)
3.2.2.1 Global GO Electrical Steel Revenue by Application (2020-2031)
3.2.2.2 Global GO Electrical Steel Revenue Market Share by Application (2020-2031)
3.2.3 GO Electrical Steel Average Selling Price (ASP) by Application (2020-2031)
3.3 by Type and by Application Crossing Analysis
3.3.1 High Magnetic Strength of GO Electrical Steel Revenue Market Share by Application
3.3.2 Conventional of GO Electrical Steel Revenue Market Share by Application

4 Global GO Electrical Steel by Manufacturers
4.1 Global Top GO Electrical Steel Manufacturers by Sales (2020-2025)
4.1.1 Global GO Electrical Steel Sales by Manufacturer (2020-2025)
4.1.2 Global GO Electrical Steel Sales Market Share by Manufacturer (2020-2025)
4.2 Global Top GO Electrical Steel Manufacturers by Revenue (2020-2025)
4.2.1 Global GO Electrical Steel Revenue by Manufacturer (2020-2025)
4.2.2 Global GO Electrical Steel Revenue Share by Manufacturer (2020-2025)
4.3 Global GO Electrical Steel Price by Manufacturer (2020-2025)
4.4 Competitive Landscape
4.4.1 Key GO Electrical Steel Manufacturers Covered: Ranking by Revenue
4.4.2 Global GO Electrical Steel Market Concentration Ratio (CR5 and HHI) & (2020-2025)
4.4.3 Global GO Electrical Steel Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5 Global GO Electrical Steel Manufacturing Base Distribution, Product Type
4.5.1 GO Electrical Steel Manufacturers Manufacturing Base Distribution, Headquarters
4.5.2 Date of International Manufacturers Enter into GO Electrical Steel Market
4.5.3 Manufacturers GO Electrical Steel Product Type and Application
4.5.4 High Magnetic Strength Market Sales of GO Electrical Steel by Manufacturer
4.5.5 Conventional Market Sales of GO Electrical Steel by Manufacturer
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans

5 Company Profiles
5.1 Baowu Group
5.1.1 Baowu Group Company Information
5.1.2 Baowu Group Description, Business Overview
5.1.3 Baowu Group GO Electrical Steel Products Offered
5.1.4 Baowu Group GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.1.5 Baowu Group GO Electrical Steel Sales by Product in 2024
5.1.6 Baowu Group GO Electrical Steel Sales by Application in 2024
5.1.7 Baowu Group GO Electrical Steel Sales by Geographic Area in 2024
5.1.8 Baowu Group Recent Developments
5.2 Nippon Steel
5.2.1 Nippon Steel Company Information
5.2.2 Nippon Steel Description, Business Overview
5.2.3 Nippon Steel GO Electrical Steel Products Offered
5.2.4 Nippon Steel GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.2.5 Nippon Steel GO Electrical Steel Sales by Product in 2024
5.2.6 Nippon Steel GO Electrical Steel Sales by Application in 2024
5.2.7 Nippon Steel GO Electrical Steel Sales by Geographic Area in 2024
5.2.8 Nippon Steel Recent Developments
5.3 NLMK
5.3.1 NLMK Company Information
5.3.2 NLMK Description, Business Overview
5.3.3 NLMK GO Electrical Steel Products Offered
5.3.4 NLMK GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.3.5 NLMK GO Electrical Steel Sales by Product in 2024
5.3.6 NLMK GO Electrical Steel Sales by Application in 2024
5.3.7 NLMK GO Electrical Steel Sales by Geographic Area in 2024
5.3.8 NLMK Recent Developments
5.4 Shougang
5.4.1 Shougang Company Information
5.4.2 Shougang Description, Business Overview
5.4.3 Shougang GO Electrical Steel Products Offered
5.4.4 Shougang GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.4.5 Shougang GO Electrical Steel Sales by Product in 2024
5.4.6 Shougang GO Electrical Steel Sales by Application in 2024
5.4.7 Shougang GO Electrical Steel Sales by Geographic Area in 2024
5.4.8 Shougang Recent Developments
5.5 AK Steel (Cleveland-Cliffs)
5.5.1 AK Steel (Cleveland-Cliffs) Company Information
5.5.2 AK Steel (Cleveland-Cliffs) Description, Business Overview
5.5.3 AK Steel (Cleveland-Cliffs) GO Electrical Steel Products Offered
5.5.4 AK Steel (Cleveland-Cliffs) GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.5.5 AK Steel (Cleveland-Cliffs) GO Electrical Steel Sales by Product in 2024
5.5.6 AK Steel (Cleveland-Cliffs) GO Electrical Steel Sales by Application in 2024
5.5.7 AK Steel (Cleveland-Cliffs) GO Electrical Steel Sales by Geographic Area in 2024
5.5.8 AK Steel (Cleveland-Cliffs) Recent Developments
5.6 ThyssenKrupp
5.6.1 ThyssenKrupp Company Information
5.6.2 ThyssenKrupp Description, Business Overview
5.6.3 ThyssenKrupp GO Electrical Steel Products Offered
5.6.4 ThyssenKrupp GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.6.5 ThyssenKrupp GO Electrical Steel Sales by Product in 2024
5.6.6 ThyssenKrupp GO Electrical Steel Sales by Application in 2024
5.6.7 ThyssenKrupp GO Electrical Steel Sales by Geographic Area in 2024
5.6.8 ThyssenKrupp Recent Developments
5.7 Posco
5.7.1 Posco Company Information
5.7.2 Posco Description, Business Overview
5.7.3 Posco GO Electrical Steel Products Offered
5.7.4 Posco GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.7.5 Posco GO Electrical Steel Sales by Product in 2024
5.7.6 Posco GO Electrical Steel Sales by Application in 2024
5.7.7 Posco GO Electrical Steel Sales by Geographic Area in 2024
5.7.8 Posco Recent Developments
5.8 JFE Steel
5.8.1 JFE Steel Company Information
5.8.2 JFE Steel Description, Business Overview
5.8.3 JFE Steel GO Electrical Steel Products Offered
5.8.4 JFE Steel GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.8.5 JFE Steel GO Electrical Steel Sales by Product in 2024
5.8.6 JFE Steel GO Electrical Steel Sales by Application in 2024
5.8.7 JFE Steel GO Electrical Steel Sales by Geographic Area in 2024
5.8.8 JFE Steel Recent Developments
5.9 Stalprodukt S.A.
5.9.1 Stalprodukt S.A. Company Information
5.9.2 Stalprodukt S.A. Description, Business Overview
5.9.3 Stalprodukt S.A. GO Electrical Steel Products Offered
5.9.4 Stalprodukt S.A. GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.9.5 Stalprodukt S.A. GO Electrical Steel Sales by Product in 2024
5.9.6 Stalprodukt S.A. GO Electrical Steel Sales by Application in 2024
5.9.7 Stalprodukt S.A. GO Electrical Steel Sales by Geographic Area in 2024
5.9.8 Stalprodukt S.A. Recent Developments
5.10 Chongqing Wangbian
5.10.1 Chongqing Wangbian Company Information
5.10.2 Chongqing Wangbian Description, Business Overview
5.10.3 Chongqing Wangbian GO Electrical Steel Products Offered
5.10.4 Chongqing Wangbian GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.10.5 Chongqing Wangbian GO Electrical Steel Sales by Product in 2024
5.10.6 Chongqing Wangbian GO Electrical Steel Sales by Application in 2024
5.10.7 Chongqing Wangbian GO Electrical Steel Sales by Geographic Area in 2024
5.10.8 Chongqing Wangbian Recent Developments
5.11 Baotou Weifeng
5.11.1 Baotou Weifeng Company Information
5.11.2 Baotou Weifeng Description, Business Overview
5.11.3 Baotou Weifeng GO Electrical Steel Products Offered
5.11.4 Baotou Weifeng GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.11.5 Baotou Weifeng GO Electrical Steel Sales by Product in 2024
5.11.6 Baotou Weifeng GO Electrical Steel Sales by Application in 2024
5.11.7 Baotou Weifeng GO Electrical Steel Sales by Geographic Area in 2024
5.11.8 Baotou Weifeng Recent Developments
5.12 Zhejiang Huaying
5.12.1 Zhejiang Huaying Company Information
5.12.2 Zhejiang Huaying Description, Business Overview
5.12.3 Zhejiang Huaying GO Electrical Steel Products Offered
5.12.4 Zhejiang Huaying GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.12.5 Zhejiang Huaying GO Electrical Steel Sales by Product in 2024
5.12.6 Zhejiang Huaying GO Electrical Steel Sales by Application in 2024
5.12.7 Zhejiang Huaying GO Electrical Steel Sales by Geographic Area in 2024
5.12.8 Zhejiang Huaying Recent Developments
5.13 Aperam
5.13.1 Aperam Company Information
5.13.2 Aperam Description, Business Overview
5.13.3 Aperam GO Electrical Steel Products Offered
5.13.4 Aperam GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.13.5 Aperam GO Electrical Steel Sales by Product in 2024
5.13.6 Aperam GO Electrical Steel Sales by Application in 2024
5.13.7 Aperam GO Electrical Steel Sales by Geographic Area in 2024
5.13.8 Aperam Recent Developments
5.14 Wuxi Huajing
5.14.1 Wuxi Huajing Company Information
5.14.2 Wuxi Huajing Description, Business Overview
5.14.3 Wuxi Huajing GO Electrical Steel Products Offered
5.14.4 Wuxi Huajing GO Electrical Steel Sales, Revenue and Gross Margin (2020-2025)
5.14.5 Wuxi Huajing GO Electrical Steel Sales by Product in 2024
5.14.6 Wuxi Huajing GO Electrical Steel Sales by Application in 2024
5.14.7 Wuxi Huajing GO Electrical Steel Sales by Geographic Area in 2024
5.14.8 Wuxi Huajing Recent Developments

6 North America
6.1 North America GO Electrical Steel Market Size YoY Growth 2020-2031
6.2 North America GO Electrical Steel Market Facts & Figures by Country
6.2.1 North America GO Electrical Steel Sales by Country (2020-2031)
6.2.2 North America GO Electrical Steel Revenue by Country (2020-2031)
6.3 North America GO Electrical Steel Sales by Type (2020-2025)
6.4 North America GO Electrical Steel Sales by Application (2020-2025)

7 Asia-Pacific
7.1 Asia-Pacific GO Electrical Steel Market Size YoY Growth 2020-2031
7.2 Asia-Pacific GO Electrical Steel Market Facts & Figures by Region
7.2.1 Asia-Pacific GO Electrical Steel Sales by Region (2020-2031)
7.2.2 Asia-Pacific GO Electrical Steel Revenue by Region (2020-2031)
7.3 Asia-Pacific GO Electrical Steel Sales by Type (2020-2025)
7.4 Asia-Pacific GO Electrical Steel Sales by Application (2020-2025)

8 Europe
8.1 Europe GO Electrical Steel Market Size YoY Growth 2020-2031
8.2 Europe GO Electrical Steel Market Facts & Figures by Country
8.2.1 Europe GO Electrical Steel Sales by Country (2020-2031)
8.2.2 Europe GO Electrical Steel Revenue by Country (2020-2031)
8.3 Europe GO Electrical Steel Sales by Type (2020-2025)
8.4 Europe GO Electrical Steel Sales by Application (2020-2025)

9 Latin America
9.1 Latin America GO Electrical Steel Market Size YoY Growth 2020-2031
9.2 Latin America GO Electrical Steel Market Facts & Figures by Country
9.2.1 Latin America GO Electrical Steel Sales by Country (2020-2031)
9.2.2 Latin America GO Electrical Steel Revenue by Country (2020-2031)
9.3 Latin America GO Electrical Steel Sales by Type (2020-2025)
9.4 Latin America GO Electrical Steel Sales by Application (2020-2025)

10 Middle East and Africa
10.1 Latin America GO Electrical Steel Market Size YoY Growth 2020-2031
10.2 Middle East and Africa GO Electrical Steel Market Facts & Figures by Country
10.2.1 Middle East and Africa GO Electrical Steel Sales by Country (2020-2031)
10.2.2 Middle East and Africa GO Electrical Steel Revenue by Country (2020-2031)
10.3 Middle East and Africa GO Electrical Steel Sales by Type (2020-2025)
10.4 Middle East and Africa GO Electrical Steel Sales by Application (2020-2025)

11 Supply Chain and Sales Channel analysis
11.1 GO Electrical Steel Supply Chain Analysis
11.2 GO Electrical Steel Key Raw Materials and Upstream Suppliers
11.3 GO Electrical Steel Clients Analysis
11.4 GO Electrical Steel Sales Channel and Sales Model Analysis
11.4.1 GO Electrical Steel Distribution Channel Analysis: Indirect Sales VS Direct Sales
11.4.2 GO Electrical Steel Distribution Channel Analysis: Online Sales VS Offline Sales
11.4.3 GO Electrical Steel Distributors

12 GO Electrical Steel Market Dynamics
12.1 GO Electrical Steel Industry Trends
12.2 GO Electrical Steel Market Drivers
12.3 GO Electrical Steel Market Challenges
12.4 GO Electrical Steel Market Restraints

13 Research Findings and Conclusion

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

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