The global grain oriented electrical steel market is expected to grow from USD 7.21 billion in 2019 to USD 9.36 billion by 2027, at a CAGR of 3.31% during the forecast period from 2020 to 2027. Increasing demand for electricity, especially in developing countries such as India, Indonesia, and Vietnam, is likely to positively influence the market. Rapid urbanization and growing population these countries is poised to bolster the need for expansion in transmission capacities. In addition to this, favorable regulatory policies, positively influencing the growth of market. However, high cost and price fluctuations, are some of the factors could hamper the growth of market over the forecast period.
The study delivers a comprehensive analysis of type, application, and region. Type segment includes general, high magnetic strength, and domain refinement. High magnetic strength segment held largest market share of 58.29% and valued at USD 4.24 billion in 2019. As power regulators opt for more efficient and energy guidelines-conforming product with minimal core losses, which will thereby fuel the demand for high magnetic strength type. Application segment includes grain oriented electrical steel applied in transformers, grain oriented electrical steel applied in power grain oriented electrical steel applied in generators, grain oriented electrical steel applied in electric motors, and grain oriented electrical steel applied in others. Grain oriented electrical steel applied in transformers segment accounted for the major market share of 61.51% in 2019. These alloys are used to construct the cores of highly-efficient electric transformers due to their unique magnetic properties. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level.
Key players in the grain oriented electrical steel market are Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, JFE Steel Corporation, NLMK Group, ThyssenKrupp AG, AK Steel Corporation, Cogent Power Limited, ArcelorMittal, Stalprodukt S.A., and Allegheny Technologies Incorporated (ATI) among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market. In July 2019, Novolipetsk Steel (NLMK) Group announced the launch of USD 100–150 million plant for the production of grain-oriented electrical steel in India.
This study forecasts revenue growth at global, regional, and country levels from 2012 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:
Chapter 1 Introduction 21
1.1 Research Methodology 21
1.2 FMR desk research 22
1.2.1 FMR data synthesis 23
1.2.2 Data validation and market feedback 23
1.2.3 FMR data sources 24
Chapter 2 Market Overview 26
2.1 Grain Oriented Electrical Steel Introduction 26
2.2 Market Analysis by Types 30
2.2.1 General Grain Oriented Electrical Steel 31
2.2.2 High Magnetic Strength Grain Oriented Electrical Steel 32
2.2.3 Domain Refinement Grain Oriented Electrical Steel 33
2.3 Market Analysis by Applications 34
2.3.1 Grain Oriented Electrical Steel Applied in Power Generator 35
2.3.2 Grain Oriented Electrical Steel Applied in Transformer 36
2.3.3 Grain Oriented Electrical Steel Applied in Electric Motor 38
2.3.4 Grain Oriented Electrical Steel Applied in Other 40
2.4 Market Analysis by Regions 41
2.4.1 North America 41
2.4.1.1 United States Market States and Outlook (2012-2027) 41
2.4.1.2 Canada Market States and Outlook (2012-2027) 42
2.4.1.3 Mexico Market States and Outlook (2012-2027) 43
2.4.2 Europe 44
2.4.2.1 Germany Market States and Outlook (2012-2027) 44
2.4.2.2 France Market States and Outlook (2012-2027) 45
2.4.2.3 UK Market States and Outlook (2012-2027) 46
2.4.2.4 Russia Market States and Outlook (2012-2027) 47
2.4.2.5 Italy Market States and Outlook (2012-2027) 48
2.4.3 Asia Pacific 49
2.4.3.1 China Market States and Outlook (2012-2027) 49
2.4.3.2 Japan Market States and Outlook (2012-2027) 50
2.4.3.3 Korea Market States and Outlook (2012-2027) 51
2.4.3.4 India Market States and Outlook (2012-2027) 52
2.4.3.5 Southeast Asia Market States and Outlook (2012-2027) 53
2.4.4 South America 54
2.4.4.1 Brazil Market States and Outlook (2012-2027) 54
2.4.4.2 Argentina Market States and Outlook (2012-2027) 55
2.4.4.3 Colombia Market States and Outlook (2012-2027) 56
2.4.5 Middle East and Africa 57
2.4.5.1 Saudi Arabia Market States and Outlook (2012-2027) 57
2.4.5.2 UAE Market States and Outlook (2012-2027) 58
2.4.5.3 Egypt Market States and Outlook (2012-2027) 59
2.4.5.4 Nigeria Market States and Outlook (2012-2027) 60
2.4.5.5 South Africa Market States and Outlook (2012-2027) 61
2.5 Market News 62
Chapter 3 Major Manufacturers 65
3.1 Nippon Steel & Sumitomo Metal Corporation 65
3.1.1 Company Profile 65
3.1.2 Products, Services and Solutions 68
3.1.3 Nippon Steel & Sumitomo Metal Corporation Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 69
3.2 POSCO 70
3.2.1 Company Profile 70
3.2.2 Products, Services and Solutions 72
3.2.3 POSCO Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 73
3.3 JFE Steel Corporation 74
3.3.1 Company Profile 74
3.3.2 Products, Services and Solutions 75
3.3.3 JFE Steel Corporation Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 76
3.4 NLMK Group 77
3.4.1 Company Profile 77
3.4.2 Products, Services and Solutions 78
3.5 ThyssenKrupp AG 79
3.5.1 Company Profile 79
3.5.2 Products, Services and Solutions 80
3.5.3 ThyssenKrupp AG Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 81
3.6 AK Steel Corporation 82
3.6.1 Company Profile 82
3.6.2 Products, Services and Solutions 83
3.6.3 AK Steel Corporation Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 84
3.7 Cogent Power Limited 85
3.7.1 Company Profile 85
3.7.2 Products, Services and Solutions 86
3.8 ArcelorMittal 87
3.8.1 Company Profile 87
3.8.2 Products, Services and Solutions 89
3.9 Stalprodukt S.A. 90
3.9.1 Company Profile 90
3.9.2 Products, Services and Solutions 91
3.10 Allegheny Technologies Incorporated (ATI) 92
3.10.1 Company Profile 92
3.10.2 Products, Services and Solutions 94
3.11 Wuhan Iron and Steel (Group) Corporation (subsidiary of Baoshan Iron & Steel Co., Ltd.) 95
3.11.1 Company Profile 95
3.11.2 Products, Services and Solutions 96
3.12 Baoshan Iron & Steel Co., Ltd. (known as Baosteel Co., Ltd.) 97
3.12.1 Company Profile 97
3.12.2 Products, Services and Solutions 98
3.12.3 Baoshan Iron & Steel Co., Ltd. Grain Oriented Electrical Steel Sales, Price, Revenue, Gross Margin and Market Share 99
3.13 Shougang Group Co., Ltd. 100
3.13.1 Company Profile 100
3.13.2 Products, Services and Solutions 101
3.14 Ansteel Group Corporation 102
3.14.1 Company Profile 102
3.14.2 Products, Services and Solutions 103
Chapter 4 Global Grain Oriented Electrical Steel Market Competition, by Manufacturer 104
4.1 Global Grain Oriented Electrical Steel Sales and Market Share by Manufacturer 104
4.2 Global Grain Oriented Electrical Steel Revenue and Market Share by Manufacturer 107
4.3 Market Concentration Rate 110
4.3.1 Top 3 Grain Oriented Electrical Steel Manufacturer Market Share 110
4.4 Market Trends 111
Chapter 5 Global Grain Oriented Electrical Steel Market Analysis by Regions 112
5.1 Global Grain Oriented Electrical Steel Sales, Revenue and Market Share by Regions 112
5.1.1 Global Grain Oriented Electrical Steel Sales by Regions (2012-2017) 114
5.1.2 Global Grain Oriented Electrical Steel Sales by Regions (2012-2017) 116
5.2 North America Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 120
5.3 Europe Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 121
5.4 Asia Pacific Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 122
5.5 South America Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 123
5.6 Middle East and Africa Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 124
Chapter 6 North America Grain Oriented Electrical Steel by Countries 125
6.1 North America Grain Oriented Electrical Steel Sales, Revenue and Market Share by Countries 125
6.1.1 North America Grain Oriented Electrical Steel Sales by Countries (2012-2017) 126
6.1.2 North America Grain Oriented Electrical Steel Revenue by Countries (2012-2017) 130
6.2 United States Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 134
6.3 Canada Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 135
6.4 Mexico Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 136
Chapter 7 Europe Grain Oriented Electrical Steel by Countries 137
7.1 Europe Grain Oriented Electrical Steel Sales, Revenue and Market Share by Countries 137
7.1.1 Europe Grain Oriented Electrical Steel Sales by Countries (2012-2017) 138
7.1.2 Europe Grain Oriented Electrical Steel Revenue by Countries (2012-2017) 142
7.2 Germany Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 146
7.3 France Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 147
7.4 UK Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 148
7.5 Russia Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 149
7.6 Italy Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 150
Chapter 8 Asia Pacific Grain Oriented Electrical Steel by Countries 151
8.1 Asia Pacific Grain Oriented Electrical Steel Sales, Revenue and Market Share by Countries 151
8.1.1 Asia Pacific Grain Oriented Electrical Steel Sales by Countries (2012- 2017) 152
8.1.2 Asia Pacific Grain Oriented Electrical Steel Revenue by Countries (2012-2017) 156
8.2 China Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 160
8.3 Japan Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 161
8.4 Korea Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 162
8.5 India Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 163
8.6 Southeast Asia Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 164
Chapter 9 South America Grain Oriented Electrical Steel by Countries 165
9.1 South America Grain Oriented Electrical Steel Sales, Revenue and Market Share by Countries 165
9.1.1 South America Grain Oriented Electrical Steel Sales by Countries (2012-2017) 166
9.1.2 South America Grain Oriented Electrical Steel Revenue by Countries (2012-2017) 170
9.2 Brazil Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 174
9.3 Argentina Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 175
9.4 Colombia Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 176
Chapter 10 Middle East and Africa Grain Oriented Electrical Steel by Countries 177
10.1 Middle East and Africa Grain Oriented Electrical Steel Sales, Revenue and Market Share by Countries 177
10.1.1 Middle East and Africa Grain Oriented Electrical Steel Sales by Countries (2012-2017) 178
10.1.2 Middle East and Africa Grain Oriented Electrical Steel Revenue by Countries (2012-2017) 182
10.2 Saudi Arabia Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 186
10.3 UAE Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 187
10.4 Egypt Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 188
10.5 Nigeria Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 189
10.6 South Africa Grain Oriented Electrical Steel Sales and Growth Rate (2012-2017) 190
Chapter 11 Global Grain Oriented Electrical Steel Market Segment by Type 191
11.1 Global Grain Oriented Electrical Steel Sales and Market Share by Types (2012-2017) 191
11.1.1 Global Grain Oriented Electrical Steel Sales and Market Share by Types (2012-2017) 191
11.1.2 Global Grain oriented electrical stee Oriented Electrical Steel l Revenue and Market Share by Types (2012-2017) 192
11.2 General Sales Growth Rate and Price 193
11.2.1 Global General Sales Growth Rate (2012-2017) 193
11.2.2 Global General Price (2012-2017) 194
11.3 High magnetic strength Sales Growth and Price 195
11.3.1 Global High Magnetic Strength Sales Growth (2012-2017) 195
11.3.2 Global High Magnetic Strength Price (2012-2017) 196
11.4 Domain refinement Sales Growth and Price 197
11.4.1 Global Domain refinement Sales Growth (2012-2017) 197
11.4.2 Global Domain refinement Price (2012-2017) 198
Chapter 12 Global Grain Oriented Electrical Steel Market Segment by Applications 199
12.1 Global Grain Oriented Electrical Steel Sales Market Share by Application (2012-2017) 199
12.2 Transformer Sales Growth Rate (2012-2017) 200
12.3 Power Generator Sales Growth Rate (2012-2017) 201
12.4 Electric motor Sales Growth Rate (2012-2017) 202
12.5 Other Sales Growth Rate (2012-2017) 203
Chapter 13 Global Grain Oriented Electrical Steel Market Forecast (2017-2027) 204
13.1 Global Grain Oriented Electrical Steel Sales, Revenue and Growth Rate (2017-2027) 204
13.2 Grain Oriented Electrical Steel Market Forecast by Regions (2017-2027) 206
13.2.1 North America Grain Oriented Electrical Steel Market Forecast (2017-2027) 207
13.2.2 Europe Grain Oriented Electrical Steel Market Forecast (2017-2027) 208
13.2.3 Asia Pacific Grain Oriented Electrical Steel Market Forecast (2017-2027) 209
13.2.4 South America Grain Oriented Electrical Steel Market Forecast (2017-2027) 210
13.2.5 Middle East and Africa Grain Oriented Electrical Steel Market Forecast (2017-2027) 211
13.3 Grain Oriented Electrical Steel Market Forecast by Types (2017-2027) 212
13.3.1 Global Grain Oriented Electrical Steel Sales Forecast by Type (2017-2027) 212
13.3.2 Global Grain Oriented Electrical Steel Market Share Forecast by Type (2017-2027) 212
13.4 Grain Oriented Electrical Steel Market Forecast by Applications (2017-2027) 213
13.4.1 Global Grain Oriented Electrical Steel Sales Forecast by Application (2017-2027) 213
13.4.2 Global Grain Oriented Electrical Steel Market Share Forecast by Application (2017-2027) 214
Chapter 14 Sales Channel, Distributors, Traders and Dealers 215
14.1 Marketing Channel 215
14.1.1 Direct Marketing 216
14.1.2 Indirect Marketing 217
14.1 Market Positioning 218
14.1.1 Marketing Channel Future Trend 218
14.1.2 Pricing Strategy 219
14.1.3 Brand Strategy 221
14.2 Distributors 223
Chapter 15 Conclusion 224
1
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
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