North America Grain Oriented Electrical Steel Market is Expected to Grow at 6.9% in the Forecast Period of 2021 to 2028

North America Grain Oriented Electrical Steel Market is forecasted to grow at 6.9% with factors such as rising demand of the high permeability grades alloy core and weight reduction materials in energy & power industry.

Grain oriented electrical steel market has shown an exceptional penetration in countries such as U.S., Canada and Mexico. Experienced increment in the usage of steel in automotive and aviation industries. In countries, strong distribution network including multi-brand & offline stores and online retailers is creating opportunity for the North America grain oriented electrical steel market.

Grain oriented electrical steel Market Scenario

According to Data Bridge Market Research, the market for grain oriented electrical steel in U.S. country has the highest market share followed by Canada and Mexico. Market leader is NIPPON STEEL CORPORATION which accounts an estimated market share of 12.69% in the North America grain oriented electrical steel market. The company has gained outstanding sale through innovative electrical steel products for several industries.

  • In April 2018, NIPPON STEEL CORPORATION., has started Strengthening Supply System for Ultra-high-tensile Steel Sheets New CGL and installed at Kimitsu Works. This development has helped to increase the production and revenue.
  • In May 2021, NLMK started the installation of metal structures for a new grain-oriented steel plant in the Maharashtra, India with the estimated Investment of USD 100-150 million. This development will help the company to enhance its production in premium grain-oriented steels.

North America Grain Oriented Electrical Steel MarketTrends Impacting the Market

Now the question is which other regions NIPPON STEEL CORPORATION, thyssenkrupp AG, and Cleveland-Cliffs Inc are targeting? Data Bridge Market Research has forecast a large growth in the U.S. grain oriented electrical steel market and the market leaders targeting Canada to be their next revenue pockets for 2020.

The grain oriented electrical steel market is becoming more competitive every year with companies such as NIPPON STEEL CORPORATION, thyssenkrupp AG, and Cleveland-Cliffs Inc as they are the market leaders for grain oriented electrical steel. The data bridge market research new reports highlight the major growth factors and opportunities in the grain oriented electrical steel market.

For more analysis on the grain oriented electrical steel market request for a briefing with our analysts https://www.databridgemarketresearch.com/reports/global-electrical-steel-market

Grain Oriented Electrical Steel Market Development

  • In October 2015, POSCO had designed a new electrical steel product for the automotive machines such as hot-rolled steel, cold-rolled steel, wire rods, thick plate steel. This development helps the company to increases the customer base and revenue in near future.

Scope of the Grain Oriented Electrical Steel Market

North America grain oriented electrical steel market is segmented on the basis of countries into the U.S., Canada and Mexico.

All country based analysis of grain oriented electrical steel market is further analyzed based on further segmentation. On the basis of type, the grain oriented electrical steel market is segmented into domain refined and conventional. On the basis of thickness, the grain oriented electrical steel market is segmented into 0.23 mm,0.27 mm, 0.30 mm 0.35 mm, 0.5 mm, 0.65 mm and others. On the basis of form, the grain oriented electrical steel market is segmented into laminated sheets, wounds sheets and punched sheets. On the basis of silicon content, the grain oriented electrical steel market is segmented into below 3% and 3% or more. On the basis of distribution channel, the grain oriented electrical steel market is segmented into online and offline. On the basis of application, the grain oriented electrical steel market is segmented into transformers, power generators, motors, battery, shunt reactors, wound cores and others. On the basis of end-user, the grain oriented electrical steel market is segmented into energy & power, automotive, household appliances, building & construction, aviation and others

To know more about the study https://www.databridgemarketresearch.com/reports/north-america-grain-oriented-electrical-steel-market

Key Pointers Covered in Grain Oriented Electrical Steel Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • POSCO
  • thyssenkrupp AG
  • NIPPON STEEL CORPORATION
  • JFE Steel Corporation
  • Cleveland-Cliffs Inc.
  • Aperam
  • TC Metal
  • Mapes and Sprowl
  • Tempel
  • Arnold Magnetic Technologies
  • NLMK
  • Lamination Specialties
  • BRS. (Subsidiary of United States Steel Corporation.)
  • Laser Technologies, Inc.
  • Baosteel Group

Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials

Research Methodology: North America Grain Oriented Electrical Steel Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Energy & Power, Automotive
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Related Reports

Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials