Global Grain Oriented Electrical Steel Market 2018: Industry Share, Size, Emerging Technologies, Future Trends, Competitive Analysis and Segments Poised for Strong Growth in Future 2023

(The Express Wire via Comtex)

In low-end products field, overcapacity has become more and more serious, but in the high-performance field, oriented electrical steel with high grade and magnetic induction, the market is in short supply. To seize a larger global market share, In the future, manufacturing companies will invest much more on R&D and the products will be closer to high-end field.For regions, Asia, especially China, is the largest production and consumption region, followed by Europe and US. Japan and Korea also play important rule in the market, large quantity of Grain Oriented Electrical Steel is exported to the world every year.

Report Name: -“2018-2023 Global Grain Oriented Electrical Steel Consumption Market Report”

According to recent analysis, A GlobalGrain Oriented Electrical Steel marketreport provides in-depth unique Insights with Size, Share, Trends, Scope, Growth, Manufacturers, Suppliers, Distributors, Traders, Customers, Investors and Major Types as well as Applications and Forecast Period (2018 2023).Grain Oriented Electrical Steel report provides a unique tool forevaluating the Overall Market, underlining opportunities, and supporting strategic and tactical decision-making.

Grain Oriented Electrical Steel Market Overview:-

Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment.
There are two types of electrical steel: grain oriented electrical steel and non-grain oriented electrical steel, and they are used for different applications. In this report we researched grain oriented electrical steel.Grain oriented electrical steels are iron-silicon magnetic alloys. These alloys are used to construct the cores of highly-efficient electric transformers due to their unique magnetic properties. Available in grades M-2, M-3, M-4, M-5 and M-6, with superior magnetic properties in the rolling direction, oriented steels are used in transformer cores. They are used in large generators and other apparatus when the design permits the directional magnetic characteristics to be used efficiently.Grain oriented electrical steel usually has a silicon level of 3%.

Over the next five years, projects that Grain Oriented Electrical Steel will register a 2.1% CAGR in terms of revenue, reach US$ 7530 million by 2023, from US$ 6670 million in 2017.

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

Grain Oriented Electrical Steel market Top Key Players:

  • Baowu Group
  • AK Steel
  • ThyssenKrupp
  • NLMK Group
  • JFE Steel
  • Posco
  • ArcelorMittal
  • Ansteel
  • Shougang
  • Stalprodukt S.A.
  • Cogent(Tata Steel)
  • ATI

Grain Oriented Electrical Steel Production Breakdown Data byTop Region:

  • United States (Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Russia, Spain)
  • APAC (China, Japan, Korea, Australia)
  • Africa (Egypt, Israel, Turkey)

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 analyses key emerging trends and their impact on present and future development.

By the product type, the Grain Oriented Electrical Steel marketis primarily split into:

  • General
  • High Magnetic Strength
  • Domain Refinement

By the end users/application, Grain Oriented Electrical Steel marketreport coversthe following segments:

  • Transformer
  • Power Generator
  • Electric Motor
  • Other

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The study objectives of this report are:

  • To study and analyze the global Grain Oriented Electrical Steel consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2018, and forecast to 2023.
  • To understand the structure of Grain Oriented Electrical Steel market by identifying its various sub segments.
    Focuses on the key global 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 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 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.

In the end, Grain Oriented Electrical Steel market report undertakes the new project,key development areas, business overview, product specification, SWOT analysis, investment feasibility analysis, return analysis, and development trends.The study also presents a round-up of exposures which companies operating in the market and must be avoided in order to enjoy bearable growth through the course of the forecast period.

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