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Electrical steels are distinguished by their excellent electro-magnetic properties. There are two major types of fully processed electrical steels: grain-oriented (GO) and non-oriented (NO). Non-oriented electrical steel features homogeneous magnetic properties in all directions. They are widely used as iron core materials in rotating machines ranging from large power generators to tiny precision electric motors. They are also used in the iron core of small power transformers.
The global Non-oriented Fully Processed Electrical Steel market was valued at US$ 5100 million in 2023 and is anticipated to reach US$ 6750.1 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
Electrical steel is the core material of motors and transformers, and can be said to be the most core material driving modern industry, irreplaceable. Electrical steel can be divided into two categories: oriented and non-oriented. Oriented electrical steel has the highest technical threshold, followed by high-grade non-oriented, and finally low- and medium-grade non-oriented. Grain-oriented electrical steel is used in the transformer industry, and the product has high added value but the total demand is small. Non-oriented electrical steel is used in the motor industry, with a large quantity and a wide range. New energy vehicles use high-grade non-oriented silicon steel. In 2020, the downstream demand structure of non-oriented silicon steel in my country will be 40% for home appliances, 20% for small and medium-sized motors in the industrial field, 13% for large motors, 8% for new energy vehicles and others. Among them, in order to meet the dual carbon and energy dual control, the state encourages the improvement of the energy efficiency level of household appliances and industrial motors. In the future, the demand for high-grade non-oriented electrical steel in these fields will increase rapidly. The demand for high-grade non-oriented silicon steel required by new energy vehicles is expected to reach 800,000-1 million tons in 2025, with room for growth of more than 5 times.
This report aims to provide a comprehensive presentation of the global market for Non-oriented Fully Processed Electrical Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Non-oriented Fully Processed Electrical Steel.
Report Scope
The Non-oriented Fully Processed Electrical Steel market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Non-oriented Fully Processed Electrical Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Non-oriented Fully Processed Electrical Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu
Shougang Group
TISCO
Ansteel
CSC
Nippon Steel
Posco
JFE Steel
Thyssen Krupp
Voestalpine
ArcelorMittal
NLMK
AK Steel (Cleveland-Cliffs)
Segment by Type
Medium and Low Grades
High Grade
High Magnetic Inductance
Segment by Application
Home Appliances
Power Generator
Automotive
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Non-oriented Fully Processed Electrical Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Non-oriented Fully Processed Electrical Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Non-oriented Fully Processed Electrical Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global Non-oriented Fully Processed Electrical Steel market was valued at US$ 5100 million in 2023 and is anticipated to reach US$ 6750.1 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
Electrical steel is the core material of motors and transformers, and can be said to be the most core material driving modern industry, irreplaceable. Electrical steel can be divided into two categories: oriented and non-oriented. Oriented electrical steel has the highest technical threshold, followed by high-grade non-oriented, and finally low- and medium-grade non-oriented. Grain-oriented electrical steel is used in the transformer industry, and the product has high added value but the total demand is small. Non-oriented electrical steel is used in the motor industry, with a large quantity and a wide range. New energy vehicles use high-grade non-oriented silicon steel. In 2020, the downstream demand structure of non-oriented silicon steel in my country will be 40% for home appliances, 20% for small and medium-sized motors in the industrial field, 13% for large motors, 8% for new energy vehicles and others. Among them, in order to meet the dual carbon and energy dual control, the state encourages the improvement of the energy efficiency level of household appliances and industrial motors. In the future, the demand for high-grade non-oriented electrical steel in these fields will increase rapidly. The demand for high-grade non-oriented silicon steel required by new energy vehicles is expected to reach 800,000-1 million tons in 2025, with room for growth of more than 5 times.
This report aims to provide a comprehensive presentation of the global market for Non-oriented Fully Processed Electrical Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Non-oriented Fully Processed Electrical Steel.
Report Scope
The Non-oriented Fully Processed Electrical Steel market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Non-oriented Fully Processed Electrical Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Non-oriented Fully Processed Electrical Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Baowu
Shougang Group
TISCO
Ansteel
CSC
Nippon Steel
Posco
JFE Steel
Thyssen Krupp
Voestalpine
ArcelorMittal
NLMK
AK Steel (Cleveland-Cliffs)
Segment by Type
Medium and Low Grades
High Grade
High Magnetic Inductance
Segment by Application
Home Appliances
Power Generator
Automotive
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Non-oriented Fully Processed Electrical Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Non-oriented Fully Processed Electrical Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Non-oriented Fully Processed Electrical Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
