Global Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) Market Growth 2019-2024

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 classification of non-grain oriented electrical steel includes semi-processed, fully processed, and the proportion of semi-processed, in 2017 is about 79%, and the proportion is in decreasing trend from 2013 to 2018.
Non-grain oriented electrical steel is widely used in power generation, ac motor, household appliances and other field. The most proportion of non-grain oriented electrical steel is Power Generation, and the proportion in 2017 is about 32%.
China is the largest consumption place, with a consumption market share nearly 39% in 2017. Following China, Europe is the second largest consumption place with the consumption market share of 23.4%.

According to this study, over the next five years the Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 23400 million by 2024, from US$ 17000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) market by product type, application, key manufacturers and key regions and countries.

This study considers the Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Fully Processed
Semi-processed
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power Generation
AC Motor
Household Appliances
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Baowu
ArcelorMittal
TISCO
JFE Steel
Shougang Group
NSSMC
NLMK
Ansteel
AK Steel
Thyssen Krupp
Voestalpine
Masteel
Posco
TATA Steel
BX Steel
Nucor
CSC

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) market by identifying its various subsegments.
Focuses on the key global Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Non Grain-oriented Electrical Steel (Non-Grain Oriented Electrical Steel) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.