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Global Non-Grain Oriented Electrical Steel Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
The fully processed steel, also referred to as non-grain oriented electrical steel, uses an iron-silicon alloy with varying silicon concentrations and the same magnetic properties in all directions of the sheet's plan. Due to its strong magnetic properties and ability to produce strong magnetic fields, it makes a great material for electrical energy transfer machinery. Non-grain-oriented electric steel is used to manufacture electrical equipments and electromechanical components.
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During the projection period, North America is expected to experience the highest growth rate. The demand for energy is high in the highly industrialized region of North America. The area's mature power generation and transmission infrastructure needs regular maintenance and improvement. Additionally, major industrial countries in the region pivot toward renewable energy, and the demand for non-grain-oriented electrical steel is anticipated to rise, creating new market growth opportunities.
Some of the key players profiled in the Non-Grain Oriented Electrical Steel Market include AK Steel, Ansteel, Aperam S.A. , ArcelorMittal S.A. , Arnold Magnetic Technologie, Baosteel Group Corporation, Baowu, Benxi Steel Group Co., Ltd , CSC Steel Sdn. Bhd., Essar Steel, JFE Steel Corporation, Malaysia Steel Works Kl, Nippon Steel Corporation, Novolipetsk Steel, Nucor Corporation, Posco, Shougang Group, Steel Authority of India Limited, Tata Steel Ltd, Thyssen Krupp, United States Steel Corporation, Voestalpine AG and Yieh Corporation.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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