Lucintel Forecasts The Global Motor Non-oriented Silicon Steel Market To Grow With A Cagr Of 5% From 2024 To 2030

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According to a market report by Lucintel, the future of the global motor non-oriented silicon steel market looks promising with opportunities in the home appliance, power generator, and new energy vehicle markets. The global motor non-oriented silicon steel market is expected to grow with a CAGR of 5% from 2024 to 2030. The major drivers for this market are increasing demand for energy-efficient motors and advancements in electric vehicle technology.
A more than 150-page report to understand trends, opportunity and forecast in global motor non-oriented silicon steel market to 2030 by type (hot rolled and cold rolled), application (home appliances, power generator, new energy vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, hot rolled is expected to witness a higher growth over the forecast period.
Within the application category, home appliance is expected to witness the highest growth.
Download sample by clicking on motor non-oriented silicon steel market.
In terms of regions, APAC is expected ...
... to witness the highest growth over the forecast period.
ArcelorMittal, JFE Steel, AK Steel, Posco, Nippon Steel, ThyssenKrupp, Voestalpine are the major suppliers in the motor non-oriented silicon steel market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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