Non-grain oriented electrical steel (NGOES), also known as non-oriented electrical steel or simply electrical steel, is a type of steel that is specifically designed for use in electrical devices such as transformers, motors and generators.
Growth Projected: Forecasting Future:
The global non-grain oriented electrical steel market size was valued at USD 17.50 billion in 2022. The market is projected to grow from USD 18.28 billion in 2023 to USD 25.83 billion by 2030, exhibiting a CAGR of 5.1% during the forecast period.
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List of the Key Players in Non-Grain Oriented Electrical Steel Market:
Key Players are CSC Steel Sdn. Bhd. (Malaysia), Tata Steel (India), Nucor Corporation (U.S.), NLMK (Russia), ArcelorMittal S.A. (Luxembourg), Shougang Group (China), thyssenkrupp Steel (Germany), Baosteel Group Corporation (China)
Geographic Segment Covered in the Report:
The Non-Grain Oriented Electrical Steel Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region.
- North America (USA and Canada)
- Europe (UK, Germany, France, and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and the rest of the Middle East and Africa)
Unlike traditional steel, NGOES is made using a specialized production process that involves a series of rolling and annealing steps. These steps help to create a material with very low losses when subjected to the rapid changes in magnetic field that occur in electrical devices.
NGOES is characterized by its high magnetic permeability, low core loss, and good insulating properties. These properties make it an ideal material for use in electrical devices, where it can help to improve energy efficiency and reduce the overall cost of the device.
NGOES is typically made from a combination of iron, silicon, and aluminum, with small amounts of other elements such as carbon and manganese added to improve its properties. The resulting material has a uniform magnetic properties in all directions, making it ideal for use in applications where the magnetic field is constantly changing, such as in transformers and motors.
Overall, NGOES plays a critical role in the design and manufacture of high-performance electrical devices, and is an essential component in many modern technologies.
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Key Points from TOC:
- Introduction
o Research Scope
o Market Segmentation
o Research Methodology
o Definitions and Assumptions
- Executive
- Non-Grain Oriented Electrical Steel Market Dynamics
o Drivers
o Restraints
o Opportunities
- Key Insights
o Global Statistics — Key Countries
o New Product Launches
o Pipeline Analysis
o Regulatory Scenario — Key Countries
o Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast
- Key Findings/
o Non-Grain Oriented Electrical Steel Market Analysis — By Product Type
o Market Analysis — By Applications
o Market Analysis — By Countries/Sub-regions
- Competitive Analysis
o Key Industry Developments
o Global Non-Grain Oriented Electrical Steel Market Share Analysis
o Competition Dashboard
o Comparative Analysis — Major Players
TOC Continued……………….
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