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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
An iron alloy called electrical steel is made to produce particular magnetic qualities, including high permeability, low core loss, and a tiny hysteresis area that results in low power loss per cycle.
Typically, electrical steel is produced as cold-rolled strips that are no thicker than 2 mm. These strips are shaped by cutting them into laminations, which are then stacked to create the stator and rotor of electric motors as well as the laminated cores of transformers.
Punch and die cutting, laser cutting, or wire electrical discharge machining are all options for shaping laminates to their final shape.
Electrical steel that has not had any additional processing to control crystal orientation is referred to as non-oriented steel and possesses isotropic magnetic characteristics. CRNGO, short for cold-rolled non-grain-oriented steel, is a common abbreviation.
Due to strict control over the crystal orientation relative to the sheet, grain-oriented electrical steel is often treated so that the best qualities develop in the rolling direction.
The China EV Steel Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Beijing Shougang Co Ltd. in China said that it will soon begin producing its high-grade non-oriented silicon steel project in order to meet the market's strong demand for the metal used in new energy vehicles (NEVs).
The project is anticipated to boost Shougang's yearly capacity for silicon steel. Additionally, the business has begun a project to produce oriented silicon steel, and it anticipates that manufacturing will begin soon.
According to Shougang, the business's thin-gauge high-grade non-oriented silicon steel and oriented silicon steel used in new energy vehicles cannot satisfy market demand. Shougang added that the company will continue to increase its capacity for such goods in response to orders and market demand.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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