According to a research report published by Spherical Insights & Consulting, the Global Electrical Steel Non-grain Oriented (NOES) Market Size is Expected to Grow from USD 19.84 Billion in 2023 to USD 33.96 Billion by 2033, at a CAGR of 5.52% during the forecast period 2023-2033.

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A type of steel called electrical steel is used in the cores of electromagnetic devices such as transformers, generators, and motors to stop power outages. The most common soft magnetic material is electrical steel, sometimes referred to as silicon steel, which makes up nearly 90% of its volume. Electrical machinery is its main application, especially for fine laminations. Electrical steel comes in two varieties: non-oriented (NO) and grain-oriented (GO). Unidirectional magnetized static equipment, such as transformers, uses GO steel, whereas rotating equipment, such as motors and generators, uses NO steel. Transformers use oriented steels because they have a lower core loss. Electric motors for hybrid and electric vehicles are produced using NOES. The market for electrical devices, such as motors, propellers, and power generation iron cores, is expanding due to the rising demand for hybrid electric vehicles and hybrid drive systems as well as the rising demand for non-oriented electrical steel. For instance, the Investing in America Agenda’s clean energy manufacturing investments have been announced by the Biden-Harris Administration. This involves assisting new initiatives that are developing grid transformers, producing EV chargers, and processing vital minerals that are necessary for the production of NOES. However, grain-oriented steel alternatives, raw material price fluctuations for coal, scrap, and iron steel, production costs, crude oil costs, and storage capacity all impede the growth of the non-oriented electrical steel market.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Electrical Steel Non-grain Oriented (NOES) Market Size, Share, and COVID-19 Impact Analysis, By Thickness (0.35 mm, 0.5 mm, 0.65 mm, and Others), By Type (Semi-processed and Fully Processed), By Application (Household Appliances, AC Motor, Power Generation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The 0.5 mm segment is predicted to hold the greatest market share through the forecast period.

Based on the thickness, the electrical steel non-grain oriented (NOES) market is classified into 0.35 mm, 0.5 mm, 0.65 mm, and others. Among these, the 0.5 mm segment is predicted to hold the largest market share through the forecast period. For heavy-duty devices like transformers and power generators, this kind of electrical sheet provides excellent weight and magnetic performance. Weight and space occupied are less important barriers than the material’s efficiency. Non-grain-oriented sheets that are thicker are frequently utilized.

The semi-processed segment is anticipated to hold the greatest market share during the projected timeframe. 

Based on the type, the electrical steel non-grain oriented (NOES) market is divided into semi-processed and fully processed. Among these, the semi-processed segment is anticipated to hold the largest market share during the projected timeframe. Small rotors, stators, and power generation equipment frequently use semi-processed non-oriented electrical steel because of its strong heat treatment temperature and adaptability. Electrical device manufacturers use it extensively because of its large market share.

The power generation segment is anticipated to hold the greatest market share during the projected timeframe.   

Based on the application, the electrical steel non-grain oriented (NOES) market is divided into household appliances, AC motors, power generation, and others. Among these, the power generation segment is anticipated to hold the largest market share during the projected timeframe. Power transformers, small transformers, and distribution transformers are the main applications for non-grain-oriented electrical steel because of its high resistance, permeability, and low friction losses. Transformers are becoming more and more in demand due to their high energy consumption which is driving the segment’s growth.

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Asia Pacific is estimated to hold the largest share of the electrical steel non-grain oriented (NOES) market over the forecast period.

Asia Pacific is estimated to hold the largest share of the electrical steel non-grain oriented (NOES) market over the forecast period. Asia Pacific’s largest transmission system market is driving the growth of the electrical steel industry in the region. In China, India, and Japan, power transformers are also becoming more popular. Urbanization, industrialization, and rising energy demand are the main drivers of India’s rapid development. It is anticipated that this expansion will strengthen the region’s power generation, transmission, and distribution infrastructure, thereby promoting market expansion.

North America is predicted to have the fastest CAGR growth in the electrical steel non-grain oriented (NOES) market over the forecast period. Despite its advanced power generation and transmission infrastructure, which needs constant upkeep and improvement, the industrialized region of North America is seeing a notable surge in the production of electric vehicles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Global Electrical Steel Non-grain Oriented (NOES) Market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the electrical steel non-grain oriented (NOES) market include Baowu, Arcelor Mittal, POSCO, Shougang Group, Nippon Steel Corporation, Thyssenkrupp, Voestalpine AG, Jindal Steel and Power Limited, Benxi Steel Group Co., Ltd, United States Steel Corporation, Nucor Corporation, NLMK, SAIL, HBIS Group, Aperam S.A., JFE Steel Corporation, Arnold Magnetic Technologies, Baosteel Group Corporation, TATA Steel Limited, FE Steel Corporation, and Others.

Recent Development

• In April 2024, ArcelorMittal declared that it would invest heavily in a new NOES production plant in Calvert, Alabama, with the goal of producing 150,000 metric tons of NOES a year.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the electrical steel non-grain oriented (NOES) market based on the below-mentioned segments:

Global Electrical Steel Non-grain Oriented (NOES) Market, By Thickness

• 35 mm
• 5 mm
• 65 mm
• Others

Global Electrical Steel Non-grain Oriented (NOES) Market, By Type

• Semi-processed
• Fully Processed

Global Electrical Steel Non-grain Oriented (NOES) Market, By Application

• Household Appliances
• AC Motor
• Power Generation
• Others

Global Electrical Steel Non-grain Oriented (NOES) Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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