U.S. Non-Grain Oriented Electrical Steel MarketU.S. Non-Grain Oriented Electrical Steel Market Soars to USD Billion , witnessing a CAGR of 5.0 during the forecast period 2025-2033
U.S. Non-Grain Oriented Electrical Steel Market by Thickness (0.35 mm, 0.5 mm, 0.65 mm, Others), by Type (Semi-processed, Fully Processed), by Application (Household Appliances, AC Motor, Power Generation, Others), by Forecast 2025-2033
U.S. Non-Grain Oriented Electrical Steel Market Soars to USD Billion , witnessing a CAGR of 5.0 during the forecast period 2025-2033
Key Insights
The U.S. Non-Grain Oriented Electrical Steel Marketsize was valued at USD 2.76 USD Billion in 2023 and is projected to reach USD 3.88 USD Billion by 2032, exhibiting a CAGR of 5.0 % during the forecast period. The U.S. non-grain-oriented electrical steel market provides a wide range of used energetic steel required for electrical purposes. However, unlike grain-oriented electrical steel, where grains or crystals have a specific orientation required for magnetic properties, non-grain-oriented steel does not have such orientation and therefore it is very suitable for applications in which magnetic properties are required in all directions. Meanwhile, this iron form will be used in manufacturing electrical transformers, motors, and generators, where it will showcase excellent retroductive properties and low energy losses. Emerging traits involve bringing forth a situation of obsession with energy efficiency for electrical items that are consumed more in renewable energy systems, electric vehicles, and power distribution networks. Another point of note is the development of modern steel manufacturing processes and coatings for greater performance and prolonged life span which are going to make the market map. With the movement towards a sustainable repository of power sources, the USA's non-grain-oriented electrical steel market will develop at a steady pace and be a keynote for innovation.
U.S. Non-Grain Oriented Electrical Steel Trends
- Increasing adoption of energy-efficient appliances
- Rising demand from the automotive industry for electric vehicles
- Growing investments in renewable energy projects
Driving Forces: What's Propelling the U.S. Non-Grain Oriented Electrical Steel Market
- Energy efficiency: Non-grain oriented electrical steel is used in transformers, motors, and generators, which are essential components in energy-efficient appliances.
- Government regulations: Governments are implementing stringent energy efficiency standards, which is increasing the demand for non-grain oriented electrical steel.
- Technological advancements: New technologies, such as laser cutting and advanced coating techniques, are improving the performance and efficiency of non-grain oriented electrical steel.
Challenges and Restraints in U.S. Non-Grain Oriented Electrical Steel Market
- Fluctuating steel prices: The cost of steel remains a critical factor in the production of non-grain oriented electrical steel, and market growth is susceptible to price fluctuations.
- Intensified import competition: Non-grain oriented electrical steel imports from countries like China and Russia have intensified, posing a challenge to domestic manufacturers and fostering greater competition.
- Environmental concerns and regulatory pressures: The production process of non-grain oriented electrical steel involves the utilization of potentially hazardous chemicals, raising environmental concerns and necessitating compliance with stringent regulations.
- Technological advancements and alternative materials: The advancement of technologies and the emergence of alternative materials, such as amorphous metals and nanocrystalline materials, may pose competitive threats to the non-grain oriented electrical steel market.
- Economic downturns and market volatility: The market for non-grain oriented electrical steel is subject to macroeconomic fluctuations and industry-specific downturns, impacting demand and revenue generation.
Emerging Trends in U.S. Non-Grain Oriented Electrical Steel
- Ultra-thin steel grades: Manufacturers are developing ultra-thin steel grades that offer improved performance and reduced weight.
- Grain-free steel: Grain-free steel is a new type of electrical steel that offers superior magnetic properties and improved efficiency.
- Advanced coatings: New coating technologies are being developed to improve the corrosion resistance and electrical properties of non-grain oriented electrical steel.
Growth Catalysts in U.S. Non-Grain Oriented Electrical Steel Industry
- Government incentives: Governments are offering incentives to companies that invest in the production of energy-efficient technologies, including non-grain oriented electrical steel.
- Increasing awareness: Consumers are becoming increasingly aware of the benefits of energy-efficient appliances and systems, which is driving demand for non-grain oriented electrical steel.
- Innovation and R&D: Companies are investing in research and development to enhance the performance and efficiency of non-grain oriented electrical steel.
Market Segmentation: U.S. Non-Grain Oriented Electrical Steel Analysis
By Thickness:
- 0.35 mm
- 0.5 mm
- 0.65 mm
- Others
By Type:
- Semi-processed
- Fully processed
By Application:
- Household appliances
- AC motor
- Power generation
- Others
Leading Players in the U.S. Non-Grain Oriented Electrical Steel Market
- Nucor Corporation (U.S.)
- Arnold Magnetic Technologies (U.S.)
- NLMK (Russia)
- ArcelorMittal (Luxembourg)
- thyssenkrupp Steel (Germany)
- POSCO (South Korea)
- NIPPON STEEL CORPORATION (Japan)
- Voestalpine Group (Austria)
- Aperam S.A. (Luxembourg)
Significant developments in U.S. Non-Grain Oriented Electrical Steel Sector
- November 2021: POSCO announced plans to boost the production of non-grain-oriented electrical steel sheets to fulfill consumer demand. The company decided to invest USD 848.6 million to produce 300,000 tons of steel plate per year.
- September 2021: NLMK increased the production capacity of its electrical steel laser treatment unit to 54,000 tons per year. This expansion aimed to attract new customers and maximize revenue.
Comprehensive Coverage U.S. Non-Grain Oriented Electrical Steel Market Report
- Comprehensive analysis of the U.S. non-grain oriented electrical steel market, including market size, growth rate, and segmentation.
- In-depth analysis of the drivers, restraints, and challenges in the U.S. non-grain oriented electrical steel market.
- Analysis of the competitive landscape, including profiles of leading players and their market share.
- Detailed insights into the latest trends, developments, and opportunities in the U.S. non-grain oriented electrical steel market.
Regional Insight
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Consumer Side Analysis
- Consumer behavior analysis
- Consumer preference analysis
- Consumer spending analysis
Demand Side Analysis
- Demand-supply analysis
- Demand forecasting
- Market size estimation
Import And Export Analysis
- Import-export data analysis
- Trade analysis
- Tariffs and regulations analysis
Pricing Strategies
- Pricing analysis
- Competitive pricing analysis
- Value pricing analysis
Segmentation
- Market segmentation by product
- Market segmentation by application
- Market segmentation by region
U.S. Non-Grain Oriented Electrical Steel Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.0 % % from 2019-2033 |
| Segmentation |
|
Frequently Asked Questions
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Demand from Pharmaceutical Industry to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Prominent Regulations Pertaining to Mining Activities to Hinder Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Demand for Safe Beauty and Personal Care Products to Offer New Market Growth Opportunities
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Thickness
- 5.1.1. 0.35 mm
- 5.1.2. 0.5 mm
- 5.1.3. 0.65 mm
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Type
- 5.2.1. Semi-processed
- 5.2.2. Fully Processed
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Household Appliances
- 5.3.2. AC Motor
- 5.3.3. Power Generation
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Thickness
- 6. Northeast U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Non-Grain Oriented Electrical Steel Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Nucor Corporation (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Arnold Magnetic Technologies (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 NLMK (Russia)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 ArcelorMittal (Luxembourg)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 thyssenkrupp Steel (Germany)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 POSCO (South Korea)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 NIPPON STEEL CORPORATION (Japan)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Voestalpine Group (Austria)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Aperam S.A. (Luxembourg)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.1 Nucor Corporation (U.S.)
- Figure 1: U.S. Non-Grain Oriented Electrical Steel Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: U.S. Non-Grain Oriented Electrical Steel Market Share (%) by Company 2024
- Table 1: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Region 2019 & 2032
- Table 3: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Thickness 2019 & 2032
- Table 4: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Thickness 2019 & 2032
- Table 5: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 6: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Type 2019 & 2032
- Table 7: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 8: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Application 2019 & 2032
- Table 9: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 10: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Region 2019 & 2032
- Table 11: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 12: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Country 2019 & 2032
- Table 13: Northeast U.S. Non-Grain Oriented Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: Northeast U.S. Non-Grain Oriented Electrical Steel Market Volume (K tons) Forecast, by Application 2019 & 2032
- Table 15: Southeast U.S. Non-Grain Oriented Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Southeast U.S. Non-Grain Oriented Electrical Steel Market Volume (K tons) Forecast, by Application 2019 & 2032
- Table 17: Midwest U.S. Non-Grain Oriented Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Midwest U.S. Non-Grain Oriented Electrical Steel Market Volume (K tons) Forecast, by Application 2019 & 2032
- Table 19: Southwest U.S. Non-Grain Oriented Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 20: Southwest U.S. Non-Grain Oriented Electrical Steel Market Volume (K tons) Forecast, by Application 2019 & 2032
- Table 21: West U.S. Non-Grain Oriented Electrical Steel Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 22: West U.S. Non-Grain Oriented Electrical Steel Market Volume (K tons) Forecast, by Application 2019 & 2032
- Table 23: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Thickness 2019 & 2032
- Table 24: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Thickness 2019 & 2032
- Table 25: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 26: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Type 2019 & 2032
- Table 27: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 28: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Application 2019 & 2032
- Table 29: U.S. Non-Grain Oriented Electrical Steel Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 30: U.S. Non-Grain Oriented Electrical Steel Market Volume K tons Forecast, by Country 2019 & 2032
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.0 % % from 2019-2033 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
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