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Grain Oriented Electrical Steel Market Analysis, Trends and Product Scope Forecast To 2022

Global Grain Oriented Electrical Steel Market is anticipated to grow at a higher CAGR in the forecast period. Grain electrical sheets find extensive use of electrical steel in the manufacture of motors, transformers and inductors. Also, aerospace industry propels the market demand for electrical steel. Electrical steel is a special tailor made steel to produce certain magnetic properties resulting in minimal power loss per cycle & high permeability. Electrical steel is particularly manufactured in cold-rolled strips and these strips are shaped to make laminations loaded in a combination to gain laminated cores of transformers. On the other hand, grain-oriented electrical steel particularly has a significant percent of silicon level. Technically, the manufacture process involves yielding of optimal properties resulting out of rolling.

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The magnetic flux also enhances with a minimum loss in magnetic saturation and is used power cores and distribution transformers. Advantages in using a grain oriented electrical steel includes efficiency and reliability in comparison with electric motors and generators with mobile components. Also, grain oriented electrical steel is basically used in power and distribution transformers in several sound output transformers.

Commercially, grain oriented electrical steel is an important material in the manufacture of energy-efficient and high-power transformers, and mainly used due to their advantages. Grain oriented electrical steels are also anisotropic materials, amorphous and nanocrystal line alloys extensively used for electric and electronic industry as a core material. Overall, the grain oriented electrical sheet market is anticipated to grow at a higher CAGR in the forecast period.

Grain oriented electrical steel market is driven by factors such as rising demand for grain oriented electrical steel from energy and power generation industries. Grain oriented electrical steel market geographically spans North America, Latin America, Europe, Asia-Pacific excluding Japan, Japan, Middle-East & Africa. North America, Europe and Japan are fertile markets that contribute majorly to the grain oriented electrical steel markets. Asia-Pacific is the most lucrative region and is a hot market region in global market. China will maintain a leading market The key players in the grain oriented electrical steel market include Posco, NSSMC, JFE Steel, NLMK Group, ThyssenKrupp, Cogent, AK Steel, Arcelor Mittal, Stalproduct S.A, WISCO, ATI, Baosteel, Ansteel, and Shougang.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Grain Oriented Electrical Steel in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Grain Oriented Electrical Steel market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• NLMK Group
• AK Steel
• NSSMC
• ThyssenKrupp
• Posco
• JFE Steel
• ArcelorMittal
• Stalprodukt S.A.
• ATI
• Cogent (Tata Steel)
• WISCO
• Baosteel
• Ansteel
• Shougang

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• High-Grade Non-Grain Oriented Electrical Steel
• Low-Grade Non-Grain Oriented Electrical Steel

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Grain Oriented Electrical Steel for each application, including
• Rotating Machines
• Static Machines

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