The global demand for Grain Oriented Electrical Steel Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Grain Oriented Electrical Steel (GOES) is an iron-silicon based magnetic alloys used to manufacture the core of electric transformers. The product has shown excellent electricity conservation and magnetic properties, which play a pivotal role in transformer core operations. Additionally, grain-oriented electrical steel provides high permeability and low core loss, thus enabling economical and efficient operations of electrical transformers.
Growing urbanization and rising population are helping the expansion of grain oriented electrical steel industry. However, factors such as price fluctuations and high costs associated with GOES may act as a limiting factor to the overall market growth. In addition to this, the occurrence of COVID-19 pandemic has not only affected many manufacturing industries, but also has resulted in global economic slowdown, which is projected to hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of grain oriented electrical steel.
The report segments the grain oriented electrical steel market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
By Type Analysis
By Application Analysis
- High Magnetic Strength
- Domain Refinement
- Power Generator
- Electric Motor
This section covers regional segmentation which accentuates on current and future demand for grain oriented electrical steel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Grain Oriented Electrical Steel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the grain oriented electrical steel market include Shandong Iron & Steel Group Co. Ltd., Steel Authority of India Ltd., ArcelorMittal S.A., Tata Steel Ltd., Nippon Steel & Sumitomo Metal Corp. (NSSMC) Group, United States Steel Corp., China Baowu Steel Group Corp. Ltd., Jiangsu Shangang Group Co. Ltd., JFE Steel Corp., Ansteel Group Corp., AK Steel Holding.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.