Grain-Oriented Electrical Steel
Market
Grain-Oriented Electrical Steel Market Scope: Industry Analysis, Market Size, Growth, Trends Till
2031
Request Sample Report
Grain-Oriented Electrical Steel Market Size and Growth
The Grain-Oriented Electrical Steel market is expanding, driven by rising demand in the power generation and transmission sectors. In 2023, the market size is estimated to reach approximately $25 billion, showcasing a CAGR of around 5% over the forecast period. Market conditions are influenced by technological advancements and increasing renewable energy investments. Request Sample Report
Companies Covered (Covid 19 Impact Covered)
◍ Baowu Group
◍ Nippon Steel
◍ AK Steel (Cleveland-Cliffs)
◍ NLMK
◍ Shougang
◍ ThyssenKrupp
◍ JFE Steel
◍ Posco
◍ Stalprodukt S.A.
◍ Ansteel
The Grain-Oriented Electrical Steel Market features key players like Baowu Group, Nippon Steel, and AK Steel, focusing on high-efficiency electrical applications. These companies innovate product offerings, enhance manufacturing processes, and expand global reach, driving market growth through increased demand in renewable energy sectors.
- Baowu Group: Approx. $100 billion
- Nippon Steel: Approx. $40 billion
- AK Steel: Approx. $6.5 billion
Request Sample Report
Market Segmentation
By Application
Transformer
Power Generator
Motor
Other
Request Sample Report
By Product
High Magnetic Strength
Conventional
Market Growth
Request Sample Report
$ X Billion USD
