Rising Demand for Lightweight Machineries to Boost Gain Oriented Electrical Steel Market

Grain oriented electrical steel offers better magnetic and electric properties compared to its substitutes, which is why its demand is forecast to scale higher in the coming years. QYResearchReports has added a report, titled “Global Grain Oriented Electrical Steel Market Research Report 2017,” to its repository assessing the various factors supporting the market’s growth and those restricting its trajectory to an extent.

Grain oriented electrical steel is an iron-silicon magnetic alloy. This alloy finds use in the construction of the cores of electric transformers, which are highly efficient. The rising application of grain oriented electrical steels is attributable to their unique magnetic characteristics. Currently, they are available in grades such as M-6, M-5, M-4, M-3, and M-2. These grades exhibit superior magnetic properties and are used primarily in transformer cores.

Get free sample copy of the report at: https://www.qyresearchreports.com/sample/sample.php?rep_id=906796&type=E

Considering the augmented demand from the automotive industry, the global grain oriented electrical steel market will keep witnessing lucrative scopes through the forecast period. Grain oriented electrical steel is witnessing high demand as it helps in manufacturing light-weight machine parts, thereby improving their overall efficiency. On the back of this, the use of grain oriented electrical steel will continue rising in the automotive industry, as it witnesses increasing demand for hybrid and electric vehicles, which ought to be lightweight.

Besides this, robust growth in the power industry has contributed in accelerating the market’s pace of gains. In the power industry, grain oriented electrical steel is mainly used in transformers. While the rising demand for non-grain oriented variant of the same will keep haunting the market in the coming years, expansion in the power industry will bolster opportunities for the grain oriented electrical steel market.

The report provides a comprehensive overview of the various factors enabling growth in the global gain oriented electrical steel market. This covers the impact of regulatory policies and recent technological disruptions in the chemical industry. The threat from the rising demand for non-grain oriented steel is studied as well in-depth. According to the report, North America, China, Europe, Japan, Southeast Asia, and India are among the key regional markets. The factors influencing the market’s trajectory across the aforementioned regional markets are thus evaluated in detail.

To check available discount on this report, visit at: https://www.qyresearchreports.com/sample/sample.php?rep_id=906796&type=D

While developed countries in North America will continue exhibiting lucrative opportunities, the market is also expected to gain accelerated pace across emerging nations in Asia Pacific. Rapid industrialization witnessed across India, China, and Southeast Asia is tipping scales in favor of the grain oriented electrical steel market. In Japan as well, the demand for grain oriented electrical steel is stoked as the nation boasts highly sophisticated, aerospace, automotive, and military infrastructures.

Besides providing insights into the prevailing market dynamics, the report also gauges competition in the global grain oriented electrical steel market. It therefore profiles companies such as NLMK Group, AK Steel, NSSMC, ThyssenKrupp, Posco, JFE Steel, ArcelorMittal, Stalprodukt S.A, ATI, Cogent(Tata Steel), WISCO, Ansteel, Baosteel, and Shougang. In the company profile section, the report covers basic information of the company besides its manufacturing base, product portfolio, development trends, and an overall business overview. The report also provides recommendation based on research thus conducted to help companies operating in the market determining winning strategies for the future.

List of Tables and Figures

Figure Picture of Grain Oriented Electrical Steel
Figure Global Production Market Share of Grain Oriented Electrical Steel by Type in 2015
Figure Product Picture of Oriented Grain Oriented Electrical Steels
Table Major Manufacturers of Oriented Grain Oriented Electrical Steels
Figure Product Picture of Non-oriented Grain Oriented Electrical Steels
Table Major Manufacturers of Non-oriented Grain Oriented Electrical Steels
Table Grain Oriented Electrical Steel Consumption Market Share by Application in 2015
Figure Generators Examples
Figure Transformers Examples
Figure Motors within the energy transmission and transport networks Examples
Figure Smaller-sized units within the automotive sector Examples
Figure Industrial machines Examples
Figure Household appliances Examples
Figure North America Grain Oriented Electrical Steel Revenue (Million USD) and Growth Rate (2011-2021)
Figure Europe Grain Oriented Electrical Steel Revenue (Million USD) and Growth Rate (2011-2021)
Figure China Grain Oriented Electrical Steel Revenue (Million USD) and Growth Rate (2011-2021)
Figure Japan Grain Oriented Electrical Steel Revenue (Million USD) and Growth Rate (2011-2021)
Figure Southeast Asia Grain Oriented Electrical Steel Revenue (Million USD) and Growth Rate (2011-2021)
...

About QYReseachReports.com
QYReseachReports.com delivers the latest strategic market intelligence to build a successful business footprint in China. Our syndicated and customized research reports provide companies with vital background information of the market and in-depth analysis on the Chinese trade and investment framework, which directly affects their business operations. Reports from QYReseachReports.com feature valuable recommendations on how to navigate in the extremely unpredictable yet highly attractive Chinese market.

Contact US:
Brooklyn, NY 11230
United States
Toll Free: 866-997-4948 (USA-CANADA)
Tel: +1-518-618-1030
Web: http://www.qyresearchreports.com
Email: sales@qyresearchreports.com

This release was published on openPR.