Global Non-Oriented Electrical Steel (NOES) Sheet Market 2024-2030

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    NON-ORIENTED ELECTRICAL STEEL (NOES) SHEET MARKET

     

    INTRODUCTION

    Non-oriented electrical steel sheets are made of Fe-Si or Fe-Si-Al alloys and are designed to create particular qualities. From the simplest home appliances to hybrid and all-electric automobiles, a variety of equipment uses non-oriented electrical steel sheets.

     

    Non-oriented electrical steel sheets are made of Fe-Si or Fe-Si-Al alloys and are designed to create particular qualities. From the most basic home appliances to hybrid and all-electric automobiles, a vast variety of equipment uses non-oriented electrical steel sheets.

     

    To improve the performance of the finished product, future efforts will concentrate on reducing residual elements in the steel, improving hot and cold rolling, and improving the development of the crystallographic texture. 

     

    NON-ORIENTED ELECTRICAL STEEL (NOES) SHEET MARKET SIZE AND FORECAST

     

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

     

    Global non-oriented electrical steel(NOES) sheet market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    NON-ORIENTED ELECTRICAL STEEL (NOES) SHEET MARKET NEW PRODUCT LAUNCH

    In response to rising demand for environmentally friendly steel in the automotive and home appliance industries, South Korean steelmaker POSCO has started construction on a KRW1tr (USD800m) production facility for non-oriented electrical steel sheet at its Gwangyang steelworks, according to Nikkei Asia.

     

    One of the essential components for increasing the energy efficiency of electric vehicles (EVs) and appliance motors is non-oriented electrical steel sheet. By 2025, POSCO intends to increase the material’s annual manufacturing capacity at this location by a factor of four, to 400,000 tonnes.

     

    Electrical steel sheets that are not orientated for EV manufacture, Baosteel produced 840,000 tonnes of oriented electrical steel and 2.71 million tonnes of non-oriented electrical steel sheets in 2020. With a 30% market share worldwide, it has developed into the largest provider in the world.

     

    In addition, Baosteel has started building a new facility in Shanghai to produce non-oriented electrical steel sheets, with plans to start doing. By the new factory’s output is anticipated to expand from 400,000 to 1 million tonnes annually, producing the components for million new energy cars.

     

    A direct material input used in the production of electric motors for both hybrid and electric vehicles is NOES.Continuous insulation coating application is used in this technique to reduce eddy current losses, which are inversely correlated with sheet thickness.

     

    The base coating on grain-oriented electrical steel, which is dark brown in colour and made of forsterite (Mg2SiO4), is followed by a transparent insulation coating made of phosphates. Depending on the intended use and the needs of the customer, there are numerous types of coatings available for electrical steel that is not grain-oriented.

     

    NON-ORIENTED ELECTRICAL STEEL (NOES) SHEET MARKET COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OF NON-ORIENTED ELECTRICAL STEEL (NOES) SHEET MARKET

    1. How many non-oriented electrical steel(NOES) sheet are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global non-oriented electrical steel(NOES) sheet and key vendor selection criteria
    3. Where is the non-oriented electrical steel(NOES) sheet manufactured? What is the average margin per unit?
    4. Market share of Global non-oriented electrical steel(NOES) sheet market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global non-oriented electrical steel(NOES) sheet in-house
    6. key predictions for next 5 years in Global non-oriented electrical steel(NOES) sheet market
    7. Average B-2-B non-oriented electrical steel(NOES) sheet market price in all segments
    8. Latest trends in non-oriented electrical steel(NOES) sheet market, by every market segment
    9. The market size (both volume and value) of the non-oriented electrical steel(NOES) sheet market in 2024-2030 and every year in between?
    10. Production breakup of non-oriented electrical steel(NOES) sheet 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, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    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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