Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel: grain oriented electrical steel and non-grain oriented electrical steel, and they are used for different applications. In this report we researched grain oriented electrical steel.
Baowu Group is estimated to have a major share in the global market with 24%.

Market Analysis and Insights: Global Grain Oriented Electrical Steel Market
In 2019, the global Grain Oriented Electrical Steel market size was US$ 6275.8 million and it is expected to reach US$ 7120.7 million by the end of 2026, with a CAGR of 1.8% during 2021-2026.
Global Grain Oriented Electrical Steel Scope and Market Size
Grain Oriented Electrical Steel market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Grain Oriented Electrical Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Grain Oriented Electrical Steel market is segmented into
Conventional
High magnetic Strength
Domain Refinement
The segment of high magnetic strength holds a comparatively larger share in global market, which accounts for about 60%.

Segment by Application, the Grain Oriented Electrical Steel market is segmented into
Transformer
Power Generator
Electric Motor
Other
The transformer holds an important share in terms of applications, and accounts for 64% of the market share.

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Grain Oriented Electrical Steel Market Share Analysis
Grain Oriented Electrical Steel market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Grain Oriented Electrical Steel product introduction, recent developments, Grain Oriented Electrical Steel sales by region, type, application and by sales channel.

The major companies include:
Baowu Group
Nippon Steel Corporation
AK Steel
NLMK Group
ThyssenKrupp
Posco
JFE Steel
Shougang
Stalprodukt S.A.
Ansteel
Cogent (Tata Steel)