Global Non-grain Oriented Electrical Steel Market Report By 2029

By Author: Akash Chunchekar
Total Articles: 11
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Non- Grain Oriented Electrical Steel Market is segmented By Type (Fully Processed, Semi- Processed), By Application (Motors, Transformers, Inductors, Others), By End-user (Automotive Industry, Aviation, Power, Domestic Appliances, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)– Share, Size, Outlook, and Opportunity Analysis, 2022- 2029

Non-Grain Oriented Electrical Steel Market Share, Size, Demand Insights
The Non-Grain Oriented Electrical Steel Market is expected to grow at a high CAGR of 5.17% during the forecasting period (2022- 2029).
Electrical Steel is a specialty blade that exhibits magnetic qualities. There are two major types of Electrical Steel- Grain-oriented electric metal and Non- Grain Oriented Electrical Steel.
Non- Grain-oriented (NGO) electrical steel features similar magnetic properties in all directions.

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Non- Grain- Oriented Electrical Steel Market Dynamics and Trends
Increasing ...
... consumption of Hybrid Electric Vehicles (HEVs) worldwide is one of the primary drivers of the global NGO electrical steel market. NGO electric steel is mainly used in high-speed electric motors and high-frequency transformers. It is also used in the momentum engine of HEVs.
HEVs are a rising trend in the Automotive Industry. Global HEVs supply reached 1.2 million units in 2015 and is expected to reach 5.4 million products by 2025.
The increase in HEV sales is mainly due to increasing global climate rules. So, the need for HEVs may drive the market for NGO electric blades.

Non- Grain- Oriented Electrical Steel Market Segmentation and Shares Analysis
The Global Non-Grain Oriented Electrical Steel Market segments the market by category, software, and end person. Based on the design, the compartmentalization includes Fully Processed, Semi- Processed, and Others.
Further, the statement divides the marketplace by programs such as Motors, Transformers, Inductors, and Others. The side-person field includes Automotive Industry, Power, Aviation, Domestic Appliances, and Others.
Semi-processed NGOs are mainly used and have a substantial market share. In jeep-processed NGOs, magnetic houses are not fully developed. The magnetized properties are fully developed only after the Decarburization and Annealing of slabs. Secondly, a Semi- processed NGO has ideally suited for actuators 20 HP or above.
Motors has the largest economy in the software sector. A machine is an electromagnetic system that converts electrical energy into mechanical energy.
Non- Grain Oriented Electric metal is used in grip motors for HEVs, electric power steering motors, deep- efficiency air- condition turbine motors, vacuum cleaner motors, and energy-efficient induction motors.
The worldwide market for electric motors is expected to be around 50 million Euros by 2030. So, the proliferating market for electric motors may increase the demand for NGO electric metal in the coming years.

Non- Grain- Oriented Electrical Steel Market Geographical Share
Geographically, the Global Non- Grain Oriented Electrical Steel Market is segmented into
North America, South America, Asia- Pacific, Europe, and the Rest of the world. Asia- Pacific region dominates the market for Non- Grain Oriented Electrical Steel.
The market is expanding considerably in this region because of the need for NGO blades in several end-consumer industries in countries such as China, India, and Japan. China is the leading and fastest-growing economy for NGO titanium because of rapid urbanization and the quick-growing market for electrical especially HEVs.

Non- Grain- Oriented Electrical Steel Companies and Competitive Analysis
The Global Non-Grain Oriented Electrical Steel market report profiles the following companies- ArcelorMittal S. A., Baosteel Group Corporation, Pohang Iron and Steel Company(POSCO), Nippon Steel& Sumimoto Metal Corporation( NSSMC), JFE Holdings Inc., Jiangsu Shagang Group, Tata Steel, The United States Steel Corporation( US Steel), Angang Steel Co. Ltd. and Gerdau.
ArcelorMittal, Baosteel, and NSSMC are important players in the market and hold the utmost share in the market. ArcelorMittal operates in more than 60 countries, having the largest market in Europe.
It was the largest maker of electric blades in the world in 2017. Baosteel Group, based in China, exports its products to more than 40 countries and is one of the largest exporters of electric metal. NSSMC provides copper for places such as design, automobiles, legal technology, energy, and resources and operates in 15 countries presently.

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