North America Non-Grain Oriented Electrical Steel Market, By Type (Fully Processed And Semi-Processed), Thickness (0.23 Mm,0.27 Mm, 0.30 Mm, 0.35 Mm, 0.5 Mm, 0.65 Mm And Others), Distribution Channel (Offline And Online), Application (Transformers, Inductors, Battery, Filters, Motors, Electrical Ballasts, Power Generators, Magnetic Bearings And Others), End-User (Energy & Power, Automotive, Household Appliances, Building & Construction, Aviation And Others) Country (U.S., Canada And Mexico)Industry Trends And Forecast to 2028
Non-grain Oriented Electrical Steel Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.3% in the forecast period of 2021 to 2028and expected to reach USD 5,341,549.29 thousand by 2028.
Non-grain oriented steel refers to the material which is available with homogeneous magnetic properties and is considered to be the core material in the rotating machines. The non-grain oriented steel helps in increases the overall efficiency of the electrical equipment. The non-grain oriented steel has wide range of usage in energy and power, building and construction as well as in many other areas. The growing usage of the electric vehicles also increases the usage of the non-grain oriented steel.
The demand for sustainable sources of energy such as wind and hydro prover, among others due to changing environmental scenarios is a major driver for the North America non-grain oriented electrical steel market since non-grain oriented electrical steel finds applications in most of the turbines and motors used in such forms of sustainable energy.
According to the U.S. Department of Energy (DOE), the U.S. is planning to utilize wind energy to generate at least 20% of the overall energy generated in the country, after considering an overall environmental, economic and societal advantage of the same. For the respective purpose, two workshops were hosted in Virginia and Washington, D.C, in which stakeholders and industrialists participated along with government representatives.
This non-grain oriented electrical steel market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America non-grain oriented electrical steel market is segmented of the basis into type, thickness, distribution channel, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the non-grain oriented steel market is segmented into fully processed and semi-processed. In 2021, the fully processed segment is expected to dominate in North America non-grain oriented electrical steel market because of properties that the users can use it as per its requirement in end user industries.
- On the basis of thickness, the non-grain oriented steel market is segmented 0.23 mm,0.27 mm , 0.30 mm 0.35 mm, 0.5 mm, 0.65 mm and others. In 2021, 0.23 mm is expected to dominate in North America non-grain oriented electrical steel market because as it is more used in rotating electrical machines.
- On the basis of application, the non-grain oriented steel market is segmented into transformers, inductors, battery, filters, motors, electrical ballasts, power generators, magnetic bearings and others. In 2021, Transformers are expected to dominate North America non-grain oriented electrical steel market as it can be operated in harsh conditions which increase the production of the finished goods in the region.
- On the basis of end-user, the non-grain oriented steel market is segmented into energy & power, automotive, household appliances, building & construction, aviation and others. In 2021, Energy and power are expected to dominate as non-grain oriented steel is more used in the manufacturing of the large grid which are used for the storage of the electrical energy.
Non-grain oriented electrical steel market, By Type
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Non-grain oriented electrical steel market country level analysis
North America market is analysed and market size information is provided by country, type, thickness, distribution channel, application and end-user
The countries covered in the non-grain oriented electrical steel market report are U.S. , Canada and Mexico in North America.
U.S. country is dominating in North America non-grain oriented electrical steel market as due to the high innovations and development in the manufacturing of products which creates a large customer base for the non-grain oriented electrical steel market.
From the above diagram the demand of the fully processed is increasing in North America region. In U.S. country the demand of the fully processed is increasing as the demand for high quality electrical steel is increasing in automotive industry. In Canada, the demand of the fully processed is increasing as demand for the light weight fully process steel is increasing energy and power industry. In Mexico, the demand of fully processed is increasing as demand for electricity transfer electrical steel is increasing in the country.
Growth in the non-grain oriented electrical steel industry
North America non-grain oriented electrical steel market also provides you with detailed market analysis for every country growth in installed base of different kind of products for non-grain oriented electrical steel market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the non-grain oriented electrical steel market. The data is available for historic period 2010to 2019.
Competitive Landscape and non-grain oriented electrical steel market share analysis
North America non-grain oriented electrical steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America non-grain oriented electrical steel market.
The major players covered in the report are POSCO, thyssenkrupp AG , Tata Steel, ArcelorMittal, NIPPON STEEL CORPORATION , voestalpine AG, JFE Shoji Power Canada Inc. (A subsidiary of JFE Holdings, Inc.), Cleveland-Cliffs Inc., BRS (Subsidiary of United States Steel Corporation.), aperam,TC Metal, Mapes and Sprowl, Tempel, Arnold Magnetic Technologies, Lamination Specialties, and C.D. Wälzholz GmbH & Co. KG among others among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In 2018 April, thyssenkrupp AG started New electrical steel production line starts operation in Nasik for helping India to build power grid. This development helps the company to increase the revenue in near future..
- In 2020 August, Sonoco Products Company has decided to acquire the Sustainable Paper Can Solutions Producer. The company is engaged in the production of paper packaging products in North America. This development helps the company to increase revenue.
Customization Available: North America Non-Grain Oriented Electrical Steel Market
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