Global Grain-Oriented Electrical Steel Sheet (GOES) Market 2023-2030

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    GLOBAL GRAIN-ORIENTED ELECTRICAL STEEL SHEET(GOES) MARKET

     

    INTRODUCTION

    For the manufacture of massive, high-performance generators and energy-efficient transformers, grain-oriented electrical steel is a crucial component. It is the vital core component of distribution transformers, power transformers, and miniature transformers in the form of laminated, wrapped, or punched sheets.

     

    The 3% silicon steel used in grain-oriented electrical steel (GOES) is prepared under strict control. All of the Silicon steel used to make GOES is produced in the USA and complies with DFARS.

     

    Arnold uses a variety of Silicon steel grades. The “pickled” state in which this steel is bought enables to roll it to extremely thin gauges. After being rolled and going through additional processing, the material gets an insulating covering that minimises eddy current losses.

     

    After carefully examining magnetic saturation, power loss, thermal conductivity, and mechanical properties of a traction motor with high-frequency (50Hz-400Hz) and high-torque running condition, grain-oriented (GO) silicon steel is used in high-speed (up to 14500rpm) traction motors.

     

    GLOBAL GRAIN-ORIENTED ELECTRICAL STEEL SHEET (GOES) MARKET SIZE AND FORECAST

     

    Infographic: Grain-Oriented Electrical Steel Sheet (GOES) Market, Grain-Oriented Electrical Steel Sheet (GOES) Market Size, Grain-Oriented Electrical Steel Sheet (GOES) Market Trends, Grain-Oriented Electrical Steel Sheet (GOES) Market Forecast, Grain-Oriented Electrical Steel Sheet (GOES) Market Risks, Grain-Oriented Electrical Steel Sheet (GOES) Market Report, Grain-Oriented Electrical Steel Sheet (GOES) Market Share

     

    Global grain-oriented electrical steel sheet(GOES) market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

    The establishment of a joint venture company in India to manufacture and sell grain-oriented electrical steel sheets was the subject of a memorandum of understanding signed by JFE Steel Corporation and JSW Steel Limited (JSW), a strategic alliance partner.

     

    With the necessary approvals, it is intended to finish the study during the current fiscal year of 2021 and then proceed with setting up the Company. Through direct participation in international growth markets and partnerships with exceptional local partners, JFE Steel is aggressively seeking to increase the size of its worldwide supply capacity.

     

    Since signing a thorough Strategic Collaboration Agreement in 2009, which saw JFE Steel acquire an ownership position in JSW and provide technical assistance with regard to automotive steel products and environmental measures, the Company has continued to strengthen its partnership with JSW.

     

    JFE and JSW struck into an agreement in 2012 that allowed JFE to provide technology for the production of non-oriented electrical steel sheets, allowing JSW to overtake other suppliers in India in this market.

     

    RECENT DEVELOPMENT AND INNOVATION

     

    S No Company Name Development
    1 US Steel  New electrical steel product, Indux, will begin production at its Big River Steel facility in Osceola, Arkansas, this summer with the commissioning of its new non-grain oriented (NGO) electrical steel line.
    2 Bluemint steel Grain-oriented electrical steel is a specialized type of steel and a vital component in the production of energy-efficient transformers and large, high-performance generators. It is mainly employed in instrument and current transformers, power, and high-voltage direct current transmission cores.

     

    U.S. Steel says Indux is a very wide, ultra-thin and lightweight steel, having all the magnetic properties necessary for electric vehicles (EVs), as well as generators and transformers. The company adds that by producing Indux steel in the United States, it is making a significant investment in American jobs and bolstering the resilience of the country’s domestic supply chain.Moreover, steel’s adaptability and near-infinite recyclability make it the ideal material to build safe, modern and sustainable societies.”

     

    The main types of products in grain-oriented electrical steel are high magnetic strength, conventional, and domain refinement. High magnetic strength steel refers to a type of alloy steel that has better mechanical qualities and higher corrosion resistance than normal carbon steel.

     

    These are used for several applications, including transformers, power generators, motors, and others. The main end-users are electrical steel for automobiles, electrical steel for manufacturing, electrical steel for energy generation, electrical steel for household appliances, and others.

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many grain-oriented electrical steel sheet (GOES)  market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global grain-oriented electrical steel sheet (GOES)  market and key vendor selection criteria
    3. Where is the grain-oriented electrical steel sheet (GOES)  market manufactured? What is the average margin per unit?
    4. Market share of Global grain-oriented electrical steel sheet (GOES)  market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global grain-oriented electrical steel sheet (GOES)  market in-house
    6. key predictions for next 5 years in Global grain-oriented electrical steel sheet (GOES)  market
    7. Average B-2-B grain-oriented electrical steel sheet (GOES)  market price in all segments
    8. Latest trends in grain-oriented electrical steel sheet (GOES)  market, by every market segment
    9. The market size (both volume and value) of the grain-oriented electrical steel sheet (GOES)  market in 2023-2030 and every year in between?
    10. Production breakup of grain-oriented electrical steel sheet (GOES)  market, by suppliers and their OEM relationship

     

    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, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    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, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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