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.
This report contains market size and forecasts of Non-oriented Fully Processed Electrical Steel in global, including the following market information:
Global Non-oriented Fully Processed Electrical Steel Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Non-oriented Fully Processed Electrical Steel Market Sales, 2017-2022, 2023-2028, (Tons)
Global top five Non-oriented Fully Processed Electrical Steel companies in 2021 (%)
The global Non-oriented Fully Processed Electrical Steel market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Medium and Low Grades Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Non-oriented Fully Processed Electrical Steel include Baowu, Shougang Group, TISCO, Ansteel, CSC, Nippon Steel, Posco, JFE Steel and Thyssen Krupp, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Non-oriented Fully Processed Electrical Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Non-oriented Fully Processed Electrical Steel Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Non-oriented Fully Processed Electrical Steel Market Segment Percentages, by Type, 2021 (%)
Medium and Low Grades
High Grade
High Magnetic Inductance
Global Non-oriented Fully Processed Electrical Steel Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Non-oriented Fully Processed Electrical Steel Market Segment Percentages, by Application, 2021 (%)
Home Appliances
Power Generator
Automotive
Others
Global Non-oriented Fully Processed Electrical Steel Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Non-oriented Fully Processed Electrical Steel Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Non-oriented Fully Processed Electrical Steel revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Non-oriented Fully Processed Electrical Steel revenues share in global market, 2021 (%)
Key companies Non-oriented Fully Processed Electrical Steel sales in global market, 2017-2022 (Estimated), (Tons)
Key companies Non-oriented Fully Processed Electrical Steel sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baowu
Shougang Group
TISCO
Ansteel
CSC
Nippon Steel
Posco
JFE Steel
Thyssen Krupp
Voestalpine
ArcelorMittal
NLMK
AK Steel (Cleveland-Cliffs)