According to a market report by Lucintel, the future of the global grain oriented electrical steel sheet market looks promising with opportunities in the transformer, power generator, motor, and inductor markets. The global grain oriented electrical steel sheet market is expected to grow with a CAGR of 5.6% from 2025 to 2031. The major drivers for this market are the growing application in industrial machinery & consumer electronic, the rising government initiatives & policy promoting energy-efficient technology, and the increasing use of electric vehicle requiring advanced electrical steel.
A more
than 150-page report to understand trends, opportunity and forecast in global grain
oriented electrical steel sheet market to 2031 by product type (high-grade,
conventional, and domain refined), application (transformers, power generators,
motors, and inductors), end use (energy, automotive, manufacturing,
electronics, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel
forecasts that, within the product type category, domain refined is expected to
witness the highest growth over the forecast period.
Within the
application category, transformer is expected to witness the highest growth.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Download
sample by clicking on grain
oriented electrical steel sheet market.
Nippon
Steel Corporation, JFE Steel Corporation, AK Steel Holding Corporation,
ThyssenKrupp AG, ArcelorMittal S.A., Baosteel Group Corporation, POSCO, Tata
Steel Limited, NLMK Group, Voestalpine AG are the major suppliers in the grain oriented electrical steel sheet
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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