North America Non-Grain Oriented Electrical Steel Market is forecasted to grow at 5.3% with factors such as the gaining popularity of non-grain oriented electrical steel in household appliances.
Non-grain oriented electrical steel market has shown an exceptional penetration in countries such as U.S., Canada, and Mexico. Experienced increment in the usage of steel in automotive and aviation industries. In countries, a strong distribution network including multi-brand stores and online retailers is creating opportunity for the North America non-grain oriented electrical steel market.
Non-grain oriented electrical steel market scenario
According to Data Bridge Market Research, the market for non-grain oriented electrical steel in U.S. country has the highest market share, followed by Canada and Mexico. Market leader is POSCO which accounts an estimated market share of approximately 13% to 16% in the North America non-grain oriented electrical steel market. The company has gained outstanding sale through innovative electrical steel products for several industries.
- In 2020 March, ArcelorMittal have decided to launch the new group website for the business to showcase the products all around world. This development has helped the company to increase the customer base and revenue..
- In 2018 March, BRS. sees the opportunity of business expansion mainly in development of the autonomous/electric vehicles as well as in advanced steels which enhances its production capacity. This development has helped to increase the revenue of the company..
Trends Impacting the Market
Now the question is which other regions POSCO, thyssenkrupp AG and NIPPON STEEL CORPORATION are targeting? Data Bridge Market Research has forecasted a large growth in U.S. non-grain oriented electrical steel market and the market leaders targeting Canada to be their next revenue pockets for 2020.
The non-grain oriented electrical steel market is becoming more competitive every year with companies such as POSCO, thyssenkrupp AG and NIPPON STEEL CORPORATION as they are the market leaders for non-grain oriented electrical steel. The data bridge market research new reports highlight the major growth factors and opportunities in the non-grain oriented electrical steel market.
For more analysis on the non-grain oriented electrical steel market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=north-america-non-grain-oriented-electrical-steel-market
Non-grain oriented electrical steel market development
- In 2020 September, Cleveland-Cliffs Inc. announced that it completed the acquisition of all of the operations of ArcelorMittal USA LLC and its subsidiaries, one of the largest flat-rolled steel producer in North America. The company intends to improve its production capabilities, supply network as well as revenue generation capability with this acquisition.
Scope of the non-grain oriented electrical steel market
North America non-grain oriented electrical steel market is segmented on the basis of countries into the U.S., Canada and Mexico.
- All country based analysis of non-grain oriented electrical steel market is further analyzed based on further segmentation. On the basis of type, the non-grain oriented steel market is segmented into fully processed and semi-processed. On the basis of thickness, the non-grain oriented steel market is segmented 0.23 mm,0.27 mm, 0.30 mm 0.35 mm, 0.5 mm, 0.65 mm and others. On the basis of distribution channel, the non-grain oriented steel market is segmented into online and offline. On the basis of application, the non-grain oriented steel market is segmented into transformers, inductors, battery, filters, motors, electrical ballasts, power generators, magnetic bearings and others. On the basis of end-user, the non-grain oriented steel market is segmented into energy & power, automotive, household appliances, building & construction, aviation and others
To know more about the study https://www.databridgemarketresearch.com/reports/north-america-non-grain-oriented-electrical-steel-market
Key Pointers Covered in non-grain oriented electrical steel Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- POSCO
- thyssenkrupp AG
- Tata Steel
- ArcelorMittal
- NIPPON STEEL CORPORATION
- voestalpine AG
- JFE Shoji Power Canada Inc. (A subsidiary of JFE Holdings, Inc.)
- Cleveland-Cliffs Inc.
- BRS (Subsidiary of United States Steel Corporation.)
- Aperam
- TC Metal
- Mapes and Sprowl
- Tempel
- Arnold Magnetic Technologies
- Lamination Specialties
- C.D. Wälzholz GmbH & Co. KG
Above are the key players covered in the report, to know about more and exhaustive list of non-grain oriented electrical steel companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-non-grain-oriented-electrical-steel-market
Research Methodology: North America non-grain oriented electrical steel market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Food and Beverage
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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