Cold-rolled non-grain-oriented steel is often abbreviated to CRNGO. CRNGO is less expensive than CRGO. It is used when cost is more important than efficiency and for applications where the direction of magnetic flux is not constant, as in electric motors and generators with moving parts. It can be used when there is insufficient space to orient components to take advantage of the directional properties of grain-oriented electrical steel.
MARKET DYNAMICS
The non-oriented cold rolled electrical steel market has witnessed significant growth due to rise in steel industry Moreover, increasing research and development activities provides a huge market opportunity for the key players operating in the non-oriented cold rolled electrical steel market. However, higher pricing of non-oriented cold rolled electrical steel is projected to hamper the overall growth of the non-oriented cold rolled electrical steel market in the forecast period.
MARKET SCOPE
The "Global Non-Oriented Cold Rolled Electrical Steel Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the non-oriented cold rolled electrical steel market with detailed market segmentation type, application, and geography. The global non-oriented cold rolled electrical steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading non-oriented cold rolled electrical steel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global non-oriented cold rolled electrical steel market is segmented on the basis of type and application. On the basis of type, the global non-oriented cold rolled electrical steel market is divided into fully processed and semi-processed. On the basis of application, the global non-oriented cold rolled electrical steel market is divided into power generation, AC motor, household appliances and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global non-oriented cold rolled electrical steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The non-oriented cold rolled electrical steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the non-oriented cold rolled electrical steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the non-oriented cold rolled electrical steel market in these regions.
MARKET PLAYERS
The reports cover key developments in the non-oriented cold rolled electrical steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from non-oriented cold rolled electrical steel market is anticipated to lucrative growth opportunities in the future with the rising demand for non-oriented cold rolled electrical steel in the global market. Below mentioned is the list of few companies engaged in the non-oriented cold rolled electrical steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the non-oriented cold rolled electrical steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AK Steel
- Ansteel
- Baowu
- Cogent (Tata Steel)
- JFE Steel
- Masteel
- NLMK Group
- NSSMC
- Shougang
- TISCO
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