Market Overview
• Electrical Steel is a specialty steel which exhibits magnetic properties. There are two major types of Electrical Steel- Grain-oriented electrical steel and Non-Grain Oriented Electrical Steel.
• Non-Grain oriented (NGO) electrical steel features similar magnetic properties in all directions.

Market Dynamics
• Increasing consumption Hybrid Electric Vehicles (HEVs) in the world is one of the primary drivers of global NGO electrical steel market. NGO electric steel is primarily used in high-speed electric motors and high-frequency transformers. It is also used in traction motor of HEVs.
• HEVs is a rising trend in the Automotive Industry. Global HEVs production has reached 1.2 million units in 2015 and is expected to reach 5.4 million units by 2025.
• The rise in HEV sales is mainly due to increasing environmental regulations across the world. Thus, the demand for HEVs will drive the market for NGO electrical steel.

Market Segmentation
• The Global Non-Grain Oriented Electrical Steel Market segments the market by type, by application, and by end-user. Based on the model, the classification includes Fully Processed, Semi-Processed and Others.
• Further, the report divides the market by application such as Motors, Transformers, Inductors, and Others. The end-user industry includes Automotive Industry, Power, Aviation, Domestic Appliances, and Others.
• Semi-processed NGO is primarily used and has a dominant market share. In semi-processed NGO magnetic properties are not fully developed. The magnetic properties are fully developed only after the Decarburization and Annealing of laminations. Moreover, Semi-processed NGO is ideally suited for motors 20 HP or below.
• Motors has the largest market in the application segment. A motor is an electrical machine that converts electrical energy into mechanical energy.
• Non-Grain Oriented Electrical steel is used in traction motors for HEVs, electric power steering motors, high-efficiency air-conditioner compressor motors, vacuum cleaner motors, and energy efficient induction motors.
• The global market for electric motors is expected to be around 50 million Euros by 2030. Thus, the proliferating market for electric motors will increase the demand for NGO electrical steel in the coming years.


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Market Segregation
By Type
• Fully processed
• Semi-Processed
• Others

By Application
• Motors
• Transformers
• Inductors
• Others

By End-Use
• Automotive Industry
• Power
• Aviation
• Domestic Appliances
• Others

By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World


Company profiles
The Global Non-Grain Oriented Electrical Steel market report profiles the following companies
• ArcelorMittal S.A.,
• Baosteel Group Corporation,
• Pohang Iron and Steel Company (POSCO),
• Nippon Steel & Sumimoto Metal Corporation(NSSMC),
• JFE Holdings Inc.,
• Others


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For more information:
Sai Kiran
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Email: [email protected]
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