report thumbnailGrain Oriented Flatrolled Electrical Steel

Grain Oriented Flatrolled Electrical Steel Decade Long Trends, Analysis and Forecast 2025-2033

Grain Oriented Flatrolled Electrical Steel by Type (Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value, Fully Processed, Semi-Processed), by Application (Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value, Rectifier, Transformer, Reactor, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033


Base Year: 2024

130 Pages
Main Logo

Grain Oriented Flatrolled Electrical Steel Decade Long Trends, Analysis and Forecast 2025-2033


Key Insights

The global grain oriented flatrolled electrical steel market size was valued at USD 14.05 billion in 2021 and is projected to reach USD 20.14 billion by 2029, exhibiting a CAGR of 4.3% during the forecast period. The growth of the market is attributed to the increasing demand for electrical steel in the power distribution and generation sectors. Grain-oriented electrical steel is a type of electrical steel that is produced by a specific rolling process that aligns the grains of the steel in one direction. This alignment results in a high degree of magnetic permeability, which is essential for applications in transformers, reactors, and other electrical equipment.

Fully processed steel accounted for the largest market share in 2021, and this trend is projected to continue throughout the forecast period. Fully processed steel is more expensive than semi-processed steel but offers superior magnetic properties, making it ideal for use in high-performance electrical applications. The transformer segment is expected to register the highest CAGR during the forecast period. Transformers are essential components in power distribution and generation systems, and the growing demand for electricity is driving the growth of this segment. The Asia Pacific region is expected to dominate the market throughout the forecast period. China is the largest consumer of grain-oriented flatrolled electrical steel in the region, and its continued economic growth is expected to drive the market in the coming years.

Grain Oriented Flatrolled Electrical Steel Research Report - Market Size, Growth & Forecast

Grain Oriented Flatrolled Electrical Steel Trends

Grain Oriented Flatrolled Electrical Steel (GOFRES) is an advanced form of electrical steel that has been specially processed to improve its magnetic properties. This makes it ideal for use in transformers, reactors, and other electrical applications where high efficiency and low loss are critical. The global GOFRES market is expected to grow significantly in the coming years, driven by increasing demand from the power generation and distribution industries. The rising adoption of renewable energy sources, such as solar and wind power, is also expected to contribute to the growth of the GOFRES market.

Driving Forces: What's Propelling the Grain Oriented Flatrolled Electrical Steel

  • Increasing demand for energy-efficient electrical equipment: GOFRES is a key component in transformers, reactors, and other electrical equipment. As the demand for energy-efficient appliances and devices increases, so does the demand for GOFRES.
  • Rising adoption of renewable energy sources: The increasing adoption of renewable energy sources, such as solar and wind power, is driving the demand for GOFRES. This is because GOFRES is used in the transformers that convert the alternating current (AC) generated by solar panels and wind turbines into the direct current (DC) that is used by most appliances and devices.
  • Government regulations: In many countries, there are regulations in place that require the use of energy-efficient electrical equipment. This is driving the demand for GOFRES, as it is one of the most energy-efficient types of electrical steel available.
Grain Oriented Flatrolled Electrical Steel Growth

Challenges and Restraints in Grain Oriented Flatrolled Electrical Steel

  • High cost of production: GOFRES is a relatively expensive material to produce. This is because the production process is complex and requires specialized equipment.
  • Limited availability of raw materials: The raw materials used to produce GOFRES are not always readily available. This can lead to supply shortages and price increases.
  • Competition from other materials: GOFRES faces competition from other materials, such as amorphous metals and nanocrystalline materials. These materials offer similar magnetic properties to GOFRES, but they are often less expensive to produce.

Key Region or Country to Dominate the Market

  • Asia-Pacific: The Asia-Pacific region is the largest market for GOFRES, accounting for over 50% of global consumption. This is due to the region's rapidly growing power generation and distribution industries.
  • China: China is the largest consumer of GOFRES in the world. The country's rapidly growing economy is driving the demand for energy-efficient electrical equipment.
  • India: India is another major market for GOFRES. The country's growing population and increasing urbanization are driving the demand for electricity.

Growth Catalysts in Grain Oriented Flatrolled Electrical Steel Industry

  • Technological advancements: The development of new technologies is expected to drive the growth of the GOFRES market. For example, the development of new grain-oriented processes is expected to improve the magnetic properties of GOFRES and reduce its cost of production.
  • Increased investment in infrastructure: The increasing investment in infrastructure projects around the world is expected to drive the demand for GOFRES. This is because GOFRES is used in transformers and other electrical equipment that is essential for the operation of power grids and other infrastructure projects.
  • Rising awareness of energy efficiency: The rising awareness of energy efficiency is expected to drive the demand for GOFRES. As more and more people become aware of the benefits of energy-efficient electrical equipment, the demand for GOFRES is expected to increase.

Leading Players in the Grain Oriented Flatrolled Electrical Steel

  • Baowu
  • ArcelorMittal
  • JFE Steel
  • Shougang Group
  • NSSMC
  • NLMK
  • Ansteel
  • Cleveland-Cliffs
  • Thyssen Krupp
  • Voestalpine
  • Masteel
  • Posco
  • Tata Steel Europe
  • BX Steel
  • Nucor
  • Centersky

Significant Developments in Grain Oriented Flatrolled Electrical Steel Sector

  • In 2020, Baowu Steel launched a new GOFRES product with improved magnetic properties and reduced cost of production.
  • In 2021, JFE Steel announced plans to invest in a new GOFRES production facility in China.
  • In 2022, Nucor announced plans to acquire a GOFRES producer in Europe.

Comprehensive Coverage Grain Oriented Flatrolled Electrical Steel Report

The Grain Oriented Flatrolled Electrical Steel report provides an in-depth analysis of the market. The report covers the market size, growth rate, key trends, and competitive landscape. The report also provides a detailed analysis of the key regions and segments in the market.

Grain Oriented Flatrolled Electrical Steel Segmentation

  • 1. Type
    • 1.1. Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value
    • 1.2. Fully Processed
    • 1.3. Semi-Processed
  • 2. Application
    • 2.1. Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value
    • 2.2. Rectifier
    • 2.3. Transformer
    • 2.4. Reactor
    • 2.5. Others

Grain Oriented Flatrolled Electrical Steel Segmentation By Geography

  • 1. North America
    • 1.1. United States
    • 1.2. Canada
    • 1.3. Mexico
  • 2. South America
    • 2.1. Brazil
    • 2.2. Argentina
    • 2.3. Rest of South America
  • 3. Europe
    • 3.1. United Kingdom
    • 3.2. Germany
    • 3.3. France
    • 3.4. Italy
    • 3.5. Spain
    • 3.6. Russia
    • 3.7. Benelux
    • 3.8. Nordics
    • 3.9. Rest of Europe
  • 4. Middle East & Africa
    • 4.1. Turkey
    • 4.2. Israel
    • 4.3. GCC
    • 4.4. North Africa
    • 4.5. South Africa
    • 4.6. Rest of Middle East & Africa
  • 5. Asia Pacific
    • 5.1. China
    • 5.2. India
    • 5.3. Japan
    • 5.4. South Korea
    • 5.5. ASEAN
    • 5.6. Oceania
    • 5.7. Rest of Asia Pacific
Grain Oriented Flatrolled Electrical Steel Regional Share

Grain Oriented Flatrolled Electrical Steel REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of XX% from 2019-2033
Segmentation
    • By Type
      • Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value
      • Fully Processed
      • Semi-Processed
    • By Application
      • Overview: Global Grain Oriented Flatrolled Electrical Steel Consumption Value
      • Rectifier
      • Transformer
      • Reactor
      • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • Nordics
      • Rest of Europe
    • Middle East & Africa
      • Turkey
      • Israel
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

Frequently Asked Questions

Are there any restraints impacting market growth?

.

Can you provide examples of recent developments in the market?

undefined

How can I stay updated on further developments or reports in the Grain Oriented Flatrolled Electrical Steel?

To stay informed about further developments, trends, and reports in the Grain Oriented Flatrolled Electrical Steel, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

What are the notable trends driving market growth?

.

What are the main segments of the Grain Oriented Flatrolled Electrical Steel?

The market segments include

What are some drivers contributing to market growth?

.

Are there any additional resources or data provided in the report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

Related Reports


About Market Research Forecast

MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.

We use cookies to enhance your experience.

By clicking "Accept All", you consent to the use of all cookies.

Customize your preferences or read our Cookie Policy.