What is Global Non Grain-oriented Electrical Steel Market?
The Global Non Grain-oriented Electrical Steel Market refers to the worldwide industry focused on the production and distribution of non grain-oriented electrical steel. This type of steel is specifically designed for use in electrical applications where the direction of the magnetic field is not fixed, making it ideal for rotating machines like motors and generators. Unlike grain-oriented electrical steel, which is optimized for applications where the magnetic field is constant, non grain-oriented electrical steel has a more uniform magnetic property in all directions. This makes it highly versatile and essential in various industries, including automotive, home appliances, and power generation. The market for this type of steel is driven by the increasing demand for energy-efficient electrical devices and the growing automotive industry, particularly the rise of electric vehicles. As technology advances and the need for sustainable energy solutions grows, the demand for non grain-oriented electrical steel is expected to continue to rise.
Semi-processed, Fully Processed in the Global Non Grain-oriented Electrical Steel Market:
Semi-processed and fully processed are two main categories within the Global Non Grain-oriented Electrical Steel Market, each serving different needs and applications. Semi-processed non grain-oriented electrical steel is partially annealed, meaning it undergoes a heat treatment process that partially relieves internal stresses and improves its magnetic properties. This type of steel is often used in applications where the final product will undergo additional processing, such as cutting or stamping, which can introduce new stresses. The semi-processed steel allows manufacturers to perform these additional processes without significantly degrading the material's magnetic properties. This makes it a cost-effective option for many applications, including small motors and transformers, where the final magnetic performance can be fine-tuned during the final stages of production. On the other hand, fully processed non grain-oriented electrical steel is fully annealed, meaning it has undergone a complete heat treatment process to relieve all internal stresses and optimize its magnetic properties. This type of steel is ready for use in its final form and does not require any additional processing. Fully processed steel is typically used in high-performance applications where the highest possible magnetic efficiency is required, such as in large motors, generators, and high-efficiency transformers. The fully processed steel offers superior magnetic properties, including lower core losses and higher permeability, which translates to better energy efficiency and performance in the final application. The choice between semi-processed and fully processed non grain-oriented electrical steel depends on the specific requirements of the application. For instance, in the automotive industry, where electric motors are becoming increasingly important, fully processed steel is often preferred due to its superior magnetic properties and energy efficiency. However, in applications where cost is a significant factor and the final product will undergo additional processing, semi-processed steel may be the more economical choice. Both types of steel play crucial roles in the market, catering to different needs and helping manufacturers achieve the desired balance between performance and cost. The production of non grain-oriented electrical steel involves several stages, including melting, casting, hot rolling, cold rolling, and annealing. The semi-processed steel typically undergoes fewer annealing stages compared to fully processed steel, which undergoes multiple annealing stages to achieve the desired magnetic properties. The manufacturing process for fully processed steel is more complex and time-consuming, which is reflected in its higher cost. However, the superior performance of fully processed steel often justifies the additional cost in high-performance applications. In summary, the Global Non Grain-oriented Electrical Steel Market is divided into semi-processed and fully processed categories, each serving different needs and applications. Semi-processed steel offers a cost-effective solution for applications where additional processing is required, while fully processed steel provides superior magnetic properties for high-performance applications. The choice between the two depends on the specific requirements of the application, including factors such as cost, performance, and the need for additional processing. Both types of steel are essential in meeting the growing demand for energy-efficient electrical devices and the expanding automotive industry.
Motor, Home Appliances, Power Generator, Automotive, Others in the Global Non Grain-oriented Electrical Steel Market:
Non grain-oriented electrical steel is widely used in various applications, including motors, home appliances, power generators, automotive, and other industries. In motors, this type of steel is essential due to its uniform magnetic properties, which allow for efficient energy conversion and reduced energy losses. Motors are used in a wide range of applications, from industrial machinery to household appliances, and the efficiency of these motors is crucial for reducing energy consumption and operational costs. Non grain-oriented electrical steel helps achieve this efficiency by minimizing core losses and improving the overall performance of the motor. In home appliances, non grain-oriented electrical steel is used in components such as compressors, fans, and pumps. These appliances require efficient and reliable operation to meet consumer demands for energy savings and performance. The use of non grain-oriented electrical steel in these components helps manufacturers produce appliances that are not only energy-efficient but also durable and long-lasting. This is particularly important in today's market, where consumers are increasingly looking for products that offer both performance and sustainability. Power generators are another critical application for non grain-oriented electrical steel. Generators convert mechanical energy into electrical energy, and the efficiency of this conversion process is heavily dependent on the magnetic properties of the materials used. Non grain-oriented electrical steel provides the necessary magnetic performance to ensure that generators operate efficiently, reducing energy losses and improving overall performance. This is especially important in power generation, where even small improvements in efficiency can lead to significant cost savings and environmental benefits. The automotive industry is also a major user of non grain-oriented electrical steel, particularly with the rise of electric vehicles (EVs). Electric motors in EVs require materials that offer high magnetic performance and energy efficiency to maximize the vehicle's range and performance. Non grain-oriented electrical steel meets these requirements, making it a critical component in the production of electric motors for EVs. As the demand for electric vehicles continues to grow, the use of non grain-oriented electrical steel in the automotive industry is expected to increase significantly. Other applications of non grain-oriented electrical steel include various industrial and commercial uses where efficient energy conversion and magnetic performance are essential. This includes applications such as transformers, inductors, and magnetic shielding. In each of these applications, the uniform magnetic properties of non grain-oriented electrical steel help improve efficiency and performance, making it a valuable material in a wide range of industries. In summary, non grain-oriented electrical steel is a versatile and essential material used in various applications, including motors, home appliances, power generators, automotive, and other industries. Its uniform magnetic properties and energy efficiency make it ideal for use in these applications, helping manufacturers produce high-performance, energy-efficient products. As the demand for energy-efficient solutions continues to grow, the use of non grain-oriented electrical steel is expected to increase, driving further advancements in technology and sustainability.
Global Non Grain-oriented Electrical Steel Market Outlook:
The global Non Grain-oriented Electrical Steel market is anticipated to grow from an estimated US$ 16,400 million in 2024 to reach approximately US$ 19,770 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.2% during the period from 2024 to 2030. The market is dominated by the top five manufacturers, who collectively hold about 54% of the market share. Among the various product types, semi-processed non grain-oriented electrical steel is the largest segment, accounting for over 80% of the market share. This significant share highlights the widespread use and preference for semi-processed steel in various applications due to its cost-effectiveness and versatility. The market's growth is driven by the increasing demand for energy-efficient electrical devices and the expanding automotive industry, particularly the rise of electric vehicles. As technology advances and the need for sustainable energy solutions grows, the demand for non grain-oriented electrical steel is expected to continue to rise.
| Report Metric | Details |
| Report Name | Non Grain-oriented Electrical Steel Market |
| Accounted market size in 2024 | an estimated US$ 16400 million |
| Forecasted market size in 2030 | US$ 19770 million |
| CAGR | 3.2% |
| Base Year | 2024 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Baowu, Shougang, TISCO, Nippon Steel, Ansteel, Posco, JFE Steel, ThyssenKrupp, Voestalpine, ArcelorMittal, NLMK, CSC, AK Steel (Cleveland-Cliffs), BX Steel |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
