Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
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. In this report we researched grain oriented electrical steel.
Baowu Group is estimated to have a major share in the global market with 24%.
Market Analysis and Insights: Global Grain Oriented Electrical Steel Market
The global Grain Oriented Electrical Steel market is valued at US$ 6275.8 million in 2019. The market size will reach US$ 7120.7 million by the end of 2026, growing at a CAGR of 1.8% during 2021-2026.
Global Grain Oriented Electrical Steel Scope and Segment
Grain Oriented Electrical Steel market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Grain Oriented Electrical Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Conventional
High Magnetic Strength
Domain Refinement
The segment of high magnetic strength holds a comparatively larger share in global market, which accounts for about 60%.
Segment by Application
Transformer
Power Generator
Electric Motor
Other
The transformer holds an important share in terms of applications, and accounts for 64% of the market share.
By Company
Baowu Group
Nippon Steel Corporation
AK Steel
NLMK Group
ThyssenKrupp
Posco
JFE Steel
Shougang
Stalprodukt S.A.
Ansteel
Cogent (Tata Steel)
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Baowu Group is estimated to have a major share in the global market with 24%.
Market Analysis and Insights: Global Grain Oriented Electrical Steel Market
The global Grain Oriented Electrical Steel market is valued at US$ 6275.8 million in 2019. The market size will reach US$ 7120.7 million by the end of 2026, growing at a CAGR of 1.8% during 2021-2026.
Global Grain Oriented Electrical Steel Scope and Segment
Grain Oriented Electrical Steel market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Grain Oriented Electrical Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Conventional
High Magnetic Strength
Domain Refinement
The segment of high magnetic strength holds a comparatively larger share in global market, which accounts for about 60%.
Segment by Application
Transformer
Power Generator
Electric Motor
Other
The transformer holds an important share in terms of applications, and accounts for 64% of the market share.
By Company
Baowu Group
Nippon Steel Corporation
AK Steel
NLMK Group
ThyssenKrupp
Posco
JFE Steel
Shougang
Stalprodukt S.A.
Ansteel
Cogent (Tata Steel)
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
