Grain Oriented Electrical Steel Sheet Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Grain Oriented Electrical Steel Sheet Market Size
According to QYResearch's new survey, global Grain Oriented Electrical Steel Sheet market is projected to reach US$ 9111 million in 2029, increasing from US$ 8445 million in 2022, with the CAGR of 3.2% during the period of 2023 to 2029.

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Grain Oriented Electrical Steel Sheet Market
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.
This report mainly focuses on grain oriented electrical steel sheet. Grain oriented electrical steel is composed of iron with 3 % Si content with grains oriented to deliver high permeability and low energy loss. Grain oriented electrical steels have strong crystallographic properties. Grain oriented type undergoes a recrystallization process resulting in an enhanced grain structure which shows better magnetic properties in the rolling direction of the sheet. Grain oriented electrical steels are mostly used for transformers.
global Grain Oriented Electrical Steel Sheet market is projected to reach US$ 9111 million in 2029, increasing from US$ 8445 million in 2022, with the CAGR of 3.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Grain Oriented Electrical Steel Sheet market research.
Global key players of Grain Oriented Electrical Steel Sheet include Baoshan Iron & Steel, Nippon Steel, etc. The top two players hold a share over 37%.
Asia-Pacific is the largest market, has a share about 65%, followed by Europe and North America, with share 19% and 8%, separately.
In terms of product type, HGO is the largest segment, occupied for a share of 70%, and in terms of application, Transformer has a share about 97%.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Grain Oriented Electrical Steel Sheet market with multiple angles, which provides sufficient supports to readers' strategy and decision making.

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Segment by Type
• HGO
• CGO

Segment by Application
• Transformer
• Others

By Company
Baoshan Iron & Steel Co., Ltd., Nippon Steel Corporation, NLMK Group, ThyssenKrupp AG, AK Steel Corporation (Cleveland-Cliffs Inc.), JFE Steel Corporation, Beijing Shougang Co., Ltd., Posco International Corporation, Chongqing Wangbian Electric (Group) Corp., Ltd., Stalprodukt S.A., Baotou Weifeng Rare Earth Electromagnetic Material Co., Ltd., Ningbo Yinyi Group Co., Ltd., Aperam S.A., Zhejiang Huaying New Material Technology Co., Ltd., Wuxi Huajing New Materials Co., Ltd., Jiangyin Huashi Huaxi Cold Rolled Strip Co., Ltd., Jiangsu Beichen Hubang Electric Power Co., Ltd.

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