Grain Oriented Electrical Steel Market Size, Trends Forecast, Growth Analysis By 2032

The Grain Oriented Electrical Steel Global Market Report 2023, provides comprehensive information on the grain oriented electrical steel market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global grain-oriented electrical steel market size is expected to grow from $7.03 billion in 2022 to $7.30 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The grain-oriented electrical steel market size is expected to reach $8.15 billion in 2027 at a CAGR of 2.8%.

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Product innovation is the key trend gaining popularity in the grain-oriented electric steel market. Major companies operating in the grain-oriented electric steel market are developing innovative products to strengthen their position in the market. For instance, in October 2021, ThyssenKrupp AG., a Germany-based engineering company that manufactures grain-oriented electrical steel, launched Bluemint steel, a high-quality flat steel with reduced CO2 intensity. This innovative product has a power core with 50% less CO2 intensity. Due to its reduced core losses, low-emission electric steel offers great current transport efficiency. Bluemint steel is designed to manufacture transformers using electrical steel that has been CO2-reduced for new digital E.ON medium-voltage substations. Additionally, it includes features such as corrosion resistance, recycling, aesthetics, formability, and improved sustainability.

The grain oriented electrical steel market is segmented:

1) By Type: High Magnetic Strength, Conventional, Domain Refinement

2) By Application: Transformer, Power Generator, Motor, Other Applications

3) By End-User: Electrical Steel For Automobiles, Electrical Steel For Manufacturing, Electrical Steel For Energy Generation, Electrical Steel For Household Appliances, Electrical Steel For Other End Uses

Asia-Pacificwas the largest region in the grain oriented electrical steel market in 2022.

Top Major Players

Thyssenkrupp AG,

POSCO International Corporation,

Nippon Steel Corporation,

JFE Steel Corporation,

NLMK Group

The table of contents in TBRC’s grain oriented electrical steel market report includes:

1. Executive Summary
2. Grain Oriented Electrical Steel Market Characteristics
3. Grain Oriented Electrical Steel Market Trends And Strategies
4. Grain Oriented Electrical Steel Market – Macro Economic Scenario
5. Grain Oriented Electrical Steel Market Size And Growth
6. Grain Oriented Electrical Steel Market Segmentation
7. Grain Oriented Electrical Steel Market Regional And Country Analysis

……………

28. Key Mergers And Acquisitions In The Grain Oriented Electrical Steel Market
29. Grain Oriented Electrical Steel Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion

Table 3: Global Grain Oriented Electrical Steel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 4: Global Grain Oriented Electrical Steel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 5: Global Grain Oriented Electrical Steel Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

……….

Table 46: Thyssenkrupp AG Financial Performance

Table 47: POSCO International Corporation Financial Performance

Table 48: Nippon Steel Corporation Financial Performance

Table 49: JFE Steel Corporation Financial Performance

Table 50: NLMK Group Financial Performance

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