Grain Oriented Electrical Steel Products to Witness Huge Growth by 2031 | ArcelorMittal S.A., Baosteel Group Corporation

“Fact.MR, A Market Research and Competitive Intelligence Provider” has been tracking the dynamics of the Grain Oriented Electrical Steel Products industry for more than half a decade. Previously, we opined that the industry is anticipated to witness a healthy growth of ~7.5%. However, due to COVID-19, it is projected to witness a loss of ~130 BPS over the long-term forecast period (2020-2030) despite favorable government policies.

The Market Research Survey on Grain Oriented Electrical Steel Products highlights the key reasons behind increasing demand and growth. Sales Outlook of Grain Oriented Electrical Steel Products as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period 2021 -2031. The market survey report also provides latest industry analysis on Grain Oriented Electrical Steel Products with key analysis of Grain Oriented Electrical Steel Products market drivers, trends, and influencing factors.

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Key Takeaways of Grain Oriented Electrical Steel Products Market:

Out of per Mn dollar spent on Grain Oriented Electrical Steel Products, non-grain oriented Grain Oriented Electrical Steel Products segment is anticipated to account for ~70% of the opportunity captured in global Grain Oriented Electrical Steel Products market by 2030
Over the last 5 years, the demand for Grain Oriented Electrical Steel Products was restricted to the motors segment and it is likely to showcase a similar growth trend with an absolute dollar opportunity of US$ ~4.5 Bn over the short-term forecast period (2020-2025)
Prominent Grain Oriented Electrical Steel Products trading countries such as China, India, US, Russia, Turkey and Brazil will opt for collaborative strategies in the near future to overcome the loss incurred in the wake of COVID-19
East Asia is house to several key manufacturers for decades and is likely to maintain its leadership in terms of production over the long-term forecast period. The region is expected to account for near half of the sales of Grain Oriented Electrical Steel Products by 2030.

The Report Covers Exhaustive Analysis On:

Grain Oriented Electrical Steel Products Market Drivers, Segments and Restraints.
Grain Oriented Electrical Steel Products Market Survey and Dynamics
Grain Oriented Electrical Steel Products Market Size & Demand
Grain Oriented Electrical Steel Products Key Trends/Issues/Challenges
Grain Oriented Electrical Steel Products Sales, Competition & Companies involved

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Grain Oriented Electrical Steel Products Market: Segmentation

Fact.MR has segmented the Grain Oriented Electrical Steel Products market on the basis of product, application, end-use industry, and region.

Product

Grain-Oriented Grain Oriented Electrical Steel Products
Non-Grain Oriented Grain Oriented Electrical Steel Products

Application

Inductors
Transformers
Motors

* Full Segmentation Available on Demand*

Key questions answered in Grain Oriented Electrical Steel Products Market Survey Report:

What is the current scenario and key trends in Grain Oriented Electrical Steel Products Market?
What are the key strategies companies are adopting to increase their consumer base?
What are the key categories within the Grain Oriented Electrical Steel Products segments and their future potential?
What are the major Grain Oriented Electrical Steel Products Market drivers and their expected impact during the short, medium, and long terms?
What is the Grain Oriented Electrical Steel Products Market size and what are the opportunities for the key players?

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Essential Takeaways from the Market Report

Comparison of prominent players operating in the Grain Oriented Electrical Steel Products market.
Identification of Grain Oriented Electrical Steel Products Market drivers, restraints and other forces impacting the global market.
Recent developments and key strategies adopted by market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain.
Evaluation of current Grain Oriented Electrical Steel Products market size, forecast and technological advancements within the industry.

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