無方向性電磁鋼板（NOES）市場の2030年までの予測：タイプ別、厚さ別、用途別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、世界の無方向性電磁鋼板（NOES）市場は2023年に208億2,000万米ドルを占め、予測期間中にCAGR 8.1％で成長し、2030年には359億2,000万米ドルに達する見込みです。

無方向性電磁鋼板（NOES）市場とは、電力機器用に設計された特殊鋼である無方向性電磁鋼板を生産・取引する業界を指します。NOESは、方向性電磁鋼板とは異なり、等方性の磁気特性を示すため、磁束方向が変化する用途に適しています。低コア損失、高透磁率といったNOESの主要特性は、信頼性が高くエネルギー効率の高い性能を必要とする電気機器に広く使用されています。

米国を拠点に中低所得国政府に融資や助成金を提供する国際金融機関、世界銀行が2023年4月に発表したデータによると、2023年には世界人口の56％にあたる44億人が都市部に住んでおり、この数は2050年までに現在の2倍以上になると予想されています。

エネルギー効率の高い家電製品に対する需要の高まり

持続可能性と環境への影響に対する世界の懸念が強まるにつれ、電気機器のエネルギー効率を高めることが重視されるようになっています。優れた磁気特性を持つNOESは、こうした電気機器用の変圧器、モーター、発電機の製造において重要な役割を果たしています。磁束サイクル中のエネルギー損失が少ないこの鋼は、電気システム全体の効率向上に貢献しています。さらに、省エネルギーへの関心の高まりと、環境に優しい実践を推進する厳しい規制が相まって、エネルギー効率の高い電化製品の製造におけるNOESの採用に拍車をかけています。

原材料価格の変動

鉄鉱石や合金元素など、必要不可欠な原材料コストの変動は、メーカーに不確実性と課題をもたらす可能性があります。高品質の電磁鋼板の生産は、特定の合金組成に大きく依存しており、原料価格の急騰や急落は、全体的な生産コストに直接影響します。この変動は操業経費の増加につながり、市場関係者が安定した価格設定と収益性を維持することを困難にします。しかし、メーカーにとっては、このような価格の不確実性の中で長期的な戦略を立案・実行することは困難であり、市場競争力のある価格を提供する能力に影響を与える可能性があります。

技術の進歩

製造プロセスと材料における継続的な技術革新は、電磁鋼板の継続的な改良に寄与し、その磁気特性と全体的な性能を向上させています。高度な製造技術により、コア損失の低減や透磁率の向上など、優れた特性を持つNOESの製造が可能になりました。進化する技術的要求に対応できることから、NOESは電気システムにおけるエネルギー変換と伝送の最適化を目指すメーカーにとって好ましい選択肢となっています。

代替材料との競合

新材料や代替の電磁鋼板は、複合材料の進歩とともに、メーカーやエンドユーザーにとって実行可能な選択肢を提示しています。これらの代替材料は、性能特性、費用対効果、持続可能性を改善し、従来のNOESから需要を転換させる可能性があります。産業界が革新的なソリューションを求め、環境に優しい選択肢を模索するにつれ、競争は激化し、電磁鋼板の市場優位性が脅かされています。メーカーは、NOESの特性を継続的に向上させ、製造プロセスを最適化し、そのユニークな特性が競争優位性をもたらす用途に電磁鋼板を戦略的に配置することで、この競合情勢を乗り切らなければなりません。

COVID-19の影響：

パンデミックによる世界の景気減速は、産業活動や建設プロジェクトの減少につながり、電磁鋼板の需要に直接影響を与えました。原料調達や輸送の遅れを含むサプライチェーンの中断は、生産工程に複雑さをもたらしました。さらに、市況の不確実性とエンドユーザーの財政制約が、インフラやエネルギープロジェクトへの投資の延期を招き、NOESの需要に影響を与えました。パンデミックはサプライチェーンと製造業の脆弱性を浮き彫りにしましたが、同時に回復力と適応力の重要性も浮き彫りにしました。

予測期間中、完全加工セグメントが最大となる見込み

予測期間中、完全加工セグメントが最大になると予想されます。電磁鋼板の完全加工セグメントは、変圧器やモーターなどの電気機器の効率と性能を高める上で極めて重要な役割を果たします。これらのセグメントには、焼きなましや表面絶縁などの高度な加工技術が施され、その結果、磁気特性が改善され、コア損失が減少します。完全加工セグメントの採用が増加しているのは、厳しいエネルギー効率基準を満たし、電気システム全体の持続可能性に貢献する能力があるためです。

インダクターセグメントは予測期間中に最も高いCAGRが見込まれる

インダクターセグメントは予測期間中に最も高いCAGRが見込まれます。エネルギー効率の重視と再生可能エネルギーの普及に伴い、高性能インダクタの需要が急増しています。電子回路や電力システムに不可欠な部品であるインダクターは、その磁気特性を電磁鋼板NOESに依存しています。低コアロスや優れた透磁率といったNOESのユニークな特性は、インダクター用途に理想的な選択となっています。また、産業界や消費者が小型でエネルギー効率の高い電子機器や再生可能エネルギーインフラを優先する中、電磁鋼板NOESを利用したインダクターの需要は大幅に増加しています。

最もシェアの高い地域

アジア太平洋地域は、堅調な工業化、急速な都市化、中国やインドのような国におけるエネルギー効率の高い技術への需要の高まりが、この市場成長の主な要因となっているため、予測期間中最大のシェアを占めています。同地域では、特に自動車、エレクトロニクス、発電などの製造業が急成長しているため、高品質の電磁鋼板NOESのニーズが高まっています。さらに、インフラ開発を促進する政府の支援政策や、再生可能エネルギープロジェクトへの注目が高まっていることも、需要をさらに後押ししています。

CAGRが最も高い地域：

アジア太平洋地域は、予測期間中に有利な成長を遂げると推定されます。アジア太平洋地域では中流階級の人口が増加しており、家電や電化製品が急増し、効率的なモーターや変圧器のために電磁鋼板NOESの採用を促進しています。この地域の各国政府は、さまざまな産業でエネルギー効率の高い材料の使用を義務付ける政策や基準を積極的に導入しています。中国やインドのように工業化が急速に進み、エネルギー消費が大きい国では、環境に優しくエネルギー効率の高い技術の採用を促進する規制措置が、電磁鋼板NOESの需要を促進しています。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご提供いたします：

• 企業プロファイル
  • 追加市場プレイヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の無方向性電磁鋼板（NOES）市場：タイプ別

• 全加工
• 半加工
• その他

第6章 世界の無方向性電磁鋼板（NOES）市場：厚さ別

• 0.5mm
• 0.35mm
• 0.65mm

第7章 世界の無方向性電磁鋼板（NOES）市場：用途別

• 発電
• インダクター
• トランスフォーマー
• その他

第8章 世界の無方向性電磁鋼板（NOES）市場：エンドユーザー別

• 自動車
• 家庭用電化製品
• その他

第9章 世界の無方向性電磁鋼板（NOES）市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイル

• ArcelorMittal S.A.
• Arnold Magnetic Technologies
• Baosteel Group Corporation
• Benxi Steel Group Co., Ltd
• CSC Steel Sdn. Bhd.
• Nippon Steel Corporation
• Nucor Corporation
• Shougang Group
• Tata Steel
• Voestalpine Group
• Yieh Corporation

List of Tables

• Table 1 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 3 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 4 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 5 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 6 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 7 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 8 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 9 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 10 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 11 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 12 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 13 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 14 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 15 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 16 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 17 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 18 Global Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 19 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Country (2021-2030) ($MN)
• Table 20 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 21 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 22 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 23 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 24 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 25 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 26 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 27 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 28 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 29 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 30 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 31 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 32 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 33 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 34 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 35 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 36 North America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 37 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Country (2021-2030) ($MN)
• Table 38 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 39 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 40 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 41 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 42 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 43 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 44 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 45 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 46 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 47 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 48 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 49 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 50 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 51 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 52 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 53 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 54 Europe Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 55 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Country (2021-2030) ($MN)
• Table 56 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 57 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 58 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 59 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 60 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 61 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 62 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 63 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 64 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 65 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 66 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 67 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 68 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 69 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 70 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 71 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 72 Asia Pacific Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 73 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Country (2021-2030) ($MN)
• Table 74 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 75 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 76 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 77 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 78 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 79 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 80 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 81 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 82 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 83 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 84 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 85 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 86 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 87 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 88 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 89 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 90 South America Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 91 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Country (2021-2030) ($MN)
• Table 92 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Type (2021-2030) ($MN)
• Table 93 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Fully Processed (2021-2030) ($MN)
• Table 94 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Semi-processed (2021-2030) ($MN)
• Table 95 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Types (2021-2030) ($MN)
• Table 96 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Thickness (2021-2030) ($MN)
• Table 97 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.5 mm (2021-2030) ($MN)
• Table 98 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.35 mm (2021-2030) ($MN)
• Table 99 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By 0.65 mm (2021-2030) ($MN)
• Table 100 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Application (2021-2030) ($MN)
• Table 101 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Power Generation (2021-2030) ($MN)
• Table 102 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Inductors (2021-2030) ($MN)
• Table 103 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Transformers (2021-2030) ($MN)
• Table 104 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 105 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By End User (2021-2030) ($MN)
• Table 106 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Automotive (2021-2030) ($MN)
• Table 107 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Domestic Appliances (2021-2030) ($MN)
• Table 108 Middle East & Africa Electrical Steel Non-grain oriented (NOES) Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Electrical Steel Non-grain oriented (NOES) Market is accounted for $20.82 billion in 2023 and is expected to reach $35.92 billion by 2030 growing at a CAGR of 8.1% during the forecast period. The Electrical Steel Non-grain Oriented (NOES) Market refers to the industry that produces and trades non-grain oriented electrical steel, a specialized type of steel designed for use in electric power equipment. Unlike grain-oriented electrical steel, NOES exhibits isotropic magnetic properties, making it suitable for applications where magnetic flux direction varies. The key characteristics of NOES, such as low core loss and high magnetic permeability, contribute to its widespread use in electrical devices that require reliable and energy-efficient performance.

According to the April 2023 data published by the World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries, in 2023, 56% of the world's population or 4.4 billion inhabitants lived in urban areas and this number is expected to more than double its current size by 2050.

Market Dynamics:

Driver:

Growing demand for energy-efficient appliances

As global concerns over sustainability and environmental impact intensify, there is a growing emphasis on enhancing the energy efficiency of electrical devices. NOES, with its superior magnetic properties, plays a crucial role in the manufacturing of transformers, motors, and generators for these appliances. The steel's low energy losses during magnetic flux cycles contribute to the overall efficiency of electrical systems. Furthermore, this heightened focus on energy conservation, coupled with stringent regulations promoting eco-friendly practices, has spurred the adoption of NOES in the production of energy-efficient appliances.

Restraint:

Volatility in raw material prices

Fluctuations in the costs of essential raw materials, such as iron ore and alloying elements, can introduce uncertainties and challenges for manufacturers. The production of high-quality electrical steel relies heavily on specific alloy compositions, and any sudden spike or decline in raw material prices directly impacts the overall production costs. This volatility can lead to increased operational expenses, making it challenging for market players to maintain stable pricing and profitability. However, manufacturers may find it difficult to plan and execute long-term strategies amid such price uncertainties, impacting their ability to offer competitive pricing in the market.

Opportunity:

Technological advancements

Ongoing innovations in manufacturing processes and materials contribute to the continuous improvement of electrical steel, enhancing its magnetic properties and overall performance. Advanced production techniques enable the fabrication of NOES with superior characteristics, such as reduced core losses and enhanced magnetic permeability. The ability to meet evolving technological demands positions NOES as a favored choice for manufacturers striving to optimize energy conversion and transmission in electrical systems.

Threat:

Competition from alternative materials

Emerging materials and alternative electrical steels, along with advancements in composite materials, present viable options for manufacturers and end-users. These alternatives may offer improved performance characteristics, cost-effectiveness, or sustainability features, diverting demand away from traditional NOES. As industries seek innovative solutions and explore eco-friendly options, the competition intensifies, challenging the market dominance of electrical steel. Manufacturers must navigate this competitive landscape by continually enhancing the properties of NOES, optimizing production processes, and strategically positioning electrical steel in applications where its unique characteristics provide a competitive edge.

Covid-19 Impact:

The global economic slowdown induced by the pandemic led to a decrease in industrial activities and construction projects, directly affecting the demand for electrical steel. Supply chain interruptions, including delays in raw material procurement and transportation, added complexity to production processes. Furthermore, uncertainties in market conditions and financial constraints among end-users resulted in deferred investments in infrastructure and energy projects, impacting NOES demand. While the pandemic highlighted the vulnerabilities in the supply chain and manufacturing, it also underscored the importance of resilience and adaptability.

The fully processed segment is expected to be the largest during the forecast period

Fully Processed segment is expected to be the largest during the forecast period. Fully processed segments in electrical steel play a pivotal role in enhancing the efficiency and performance of electrical equipment, such as transformers and motors. These segments undergo advanced processing techniques, including annealing and surface insulation, resulting in improved magnetic properties and reduced core losses. The increased adoption of fully processed segments is attributed to their ability to meet stringent energy efficiency standards and contribute to the overall sustainability of electrical systems.

The inductors segment is expected to have the highest CAGR during the forecast period

Inductors segment is expected to have the highest CAGR during the forecast period. With an increasing emphasis on energy efficiency and the widespread adoption of renewable energy sources, the demand for high-performance inductors has surged. Inductors, essential components in electronic circuits and power systems, rely on electrical steel NOES for their magnetic properties. The unique characteristics of NOES, such as low core losses and excellent magnetic permeability, make it an ideal choice for inductor applications. Additionally, as industries and consumers alike prioritize compact, energy-efficient electronic devices and renewable energy infrastructure, the demand for inductors utilizing electrical steel NOES has experienced a substantial upswing.

Region with largest share:

Asia Pacific region commanded the largest share over the projected period due to the robust industrialization, rapid urbanization, and escalating demand for energy-efficient technologies in countries like China and India are major contributors to this market growth. The region's burgeoning manufacturing sector, particularly in automotive, electronics, and power generation, is driving the need for high-quality electrical steel NOES. Additionally, supportive government policies promoting infrastructure development and the increasing focus on renewable energy projects further fuel the demand.

Region with highest CAGR:

Asia Pacific region is estimated to witness lucrative growth over the extrapolated period. The growing middle-class population in the Asia Pacific region is triggering a surge in consumer electronics and appliances, driving the adoption of electrical steel NOES for efficient motors and transformers. Governments across the region are actively implementing policies and standards that mandate the use of energy-efficient materials in various industries. In countries like China and India, where industrialization is rapid and energy consumption is substantial, regulatory measures promoting the adoption of eco-friendly and energy-efficient technologies are driving the demand for electrical steel NOES.

Key players in the market

Some of the key players in Electrical Steel Non-grain oriented (NOES) market include ArcelorMittal S.A., Arnold Magnetic Technologies, Baosteel Group Corporation, Benxi Steel Group Co., Ltd, CSC Steel Sdn. Bhd., Nippon Steel Corporation, Nucor Corporation, Shougang Group, Tata Steel, Voestalpine Group and Yieh Corporation.

Key Developments:

In March 2023, United States Steel Corporation announced that manufacturing of its new electrical steel product, InduX, will begin in the summer of 2023 at its Big River Steel facility with the inauguration of its new non-grain oriented (NGO) electrical steel line. InduX electrical steel is a broad, ultra-thin, light-weight steel with all of the magnetic qualities required for electric vehicles (EV), generators, and transformers.

In February 2023, JFE Steel Corporation announced that it will be expanding the electrical steel sheet capacity of its West Japan Works (Kurashiki Area) for a startup in the first half of the fiscal year beginning April 2024 and that it is now planning an additional expansion for a startup in the fiscal year beginning April 2026. The further extension, which will cost around 50.0 billion yen, will increase the works' present capacity for top-grade non-oriented electrical steel sheets used in electric car main engine motors.

In April 2022, POSCO has begun construction on a new electrical steel facility. South Korea's largest steelmaker will invest 1 trillion won (US$805 million) in the construction of the factory in the southwestern port of Gwangyang, which will have a capacity of 300,000 tons of non-oriented electrical steel per year. POSCO presently manufactures about 1 million tons of both types of electrical steel each year. POSCO's current integrated steel mill in Gwangyang is the world's largest.

Types Covered:

• Fully Processed
• Semi-processed
• Other Types

Thicknesses Covered:

• 0.5 mm
• 0.35 mm
• 0.65 mm

Applications Covered:

• Power Generation
• Inductors
• Transformers
• Other Applications

End Users Covered:

• Automotive
• Domestic Appliances
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Electrical Steel Non-grain oriented (NOES) Market, By Type

• 5.1 Introduction
• 5.2 Fully Processed
• 5.3 Semi-processed
• 5.4 Other Types

6 Global Electrical Steel Non-grain oriented (NOES) Market, By Thickness

• 6.1 Introduction
• 6.2 0.5 mm
• 6.3 0.35 mm
• 6.4 0.65 mm

7 Global Electrical Steel Non-grain oriented (NOES) Market, By Application

• 7.1 Introduction
• 7.2 Power Generation
• 7.3 Inductors
• 7.4 Transformers
• 7.5 Other Applications

8 Global Electrical Steel Non-grain oriented (NOES) Market, By End User

• 8.1 Introduction
• 8.2 Automotive
• 8.3 Domestic Appliances
• 8.4 Other End Users

9 Global Electrical Steel Non-grain oriented (NOES) Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ArcelorMittal S.A.
• 11.2 Arnold Magnetic Technologies
• 11.3 Baosteel Group Corporation
• 11.4 Benxi Steel Group Co., Ltd
• 11.5 CSC Steel Sdn. Bhd.
• 11.6 Nippon Steel Corporation
• 11.7 Nucor Corporation
• 11.8 Shougang Group
• 11.9 Tata Steel
• 11.10 Voestalpine Group
• 11.11 Yieh Corporation