Global Grain Oriented Electrical Steel Market by Manufacturers, Regions, Type and Application, Forecast to 2022
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(by type: General, High magnetic strength and Domain refinement; by
application: Transformer, Power Generator and Electric motor), Market Segment by Regions covers (North America (USA, Canada and Mexico),
Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa)
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Author：zhaijiquan
Company: QYResearch
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• According to QYResearch, the global
• For regions, Asia, especially China, is
market size for Grain Oriented Electrical
the largest production and
Steel reached 6621.26 Million USD in
consumption region, followed by
2016 from 5867.86 Million USD in 2012,
Europe and US. Japan and Korea
and it’s estimated to grow with a
also play important rule in the
CAGR of 1.54% in the forecast period.
market, large quantity of Grain Oriented Electrical Steel is exported to the world every year. This situation will not change in the short term.
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• The market of Grain Oriented Electrical Steel is quite concentrated. NSSMC, Posco,
JFE Steel, NLMK Group, ThyssenKrupp, AK Steel, Cogent (Tata Steel), ArcelorMittal, Stalprodukt S.A., ATI, WISCO, Baosteel, Shougang are the key suppliers in the grain oriented electrical steel market. They took up over 90% of the production market in 2016. Newly created China Baowu Steel Group Corp by WISCO and Baosteel become the largest player in the world. The competition is very intense, for
example, due to the challenging business; ATI suspended its Grain Oriented
Electrical Steel business in 2016. The intense competition will continue in the future.
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This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Media Contact: press@qyresearch.com Analyst : zhaijiquan@qyresearch.com
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