Japan Grain-oriented Silicon Steel Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 7.3 Billion by 2030, growing at a CAGR of 4.79% from 2024 to 2030.
The Japan Grain-oriented Silicon Steel market plays a pivotal role in the industrial sector, particularly in the production of electrical transformers, motors, and other key components in various industries. Grain-oriented silicon steel (GOES) is a type of electrical steel with a unique microstructure that enhances its magnetic properties, making it essential for energy-efficient applications. This market has grown significantly in recent years due to increasing demand for electrical steel in sectors such as automotive, energy, and manufacturing.
Industries such as the automotive industry are seeking high-quality materials like grain-oriented silicon steel to build more energy-efficient electric motors for electric vehicles (EVs). As the EV market expands in Japan, manufacturers require top-tier GOES to maximize efficiency and performance. The demand for this material has also been spurred by the growing focus on renewable energy sources, where GOES is crucial in wind turbine generators and power grids to improve energy transmission and reduce losses.
In addition to the automotive and renewable energy sectors, the demand for grain-oriented silicon steel is also strong in the electronics industry. Japan, being a hub of technological innovation, has seen a steady rise in the requirement for GOES, particularly in the production of transformers, which require high-performance magnetic materials for reliable energy transmission. Furthermore, the construction of smart grids and substations to facilitate better energy distribution is driving the need for high-quality grain-oriented silicon steel across the nation.
Another contributing factor to the demand is the continued focus on reducing energy consumption in various sectors. Japan's industrial policies push for innovation in energy efficiency, creating a fertile ground for the growth of the grain-oriented silicon steel market. Companies producing GOES are investing in advanced technologies to meet the rising demand for this critical material, ensuring their products are of the highest standards to support Japan's industrial growth.
As the demand for grain-oriented silicon steel continues to rise, suppliers must meet the specific needs of different industries, providing tailor-made solutions to meet the evolving requirements of energy-efficient products. The market is expected to see further innovation, with more sustainable production methods becoming a priority, given the growing emphasis on environmental responsibility in Japan's industrial landscape.
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Stalprodukt SA
AK Steel
Shanghaimetal
EILOR
POSCO
KODDAERT nv
Millennium Steel
Baosteel
JFE Steel
NSSMC
ThyssenKrupp
Arcelormittal
Stalprodukt S.A
TaTa Steel
Novolipetsk Steel
Wisco
Ansteel
Tisco
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Grain-oriented Silicon Steel Market
Grain-Oriented Silicon Steel (GO Steel)
Non-Grain-Oriented Silicon Steel (NGO Steel)
Transformers
Electric Motors
Generators
Inductors
Thin Gauge (below 0.35 mm)
Medium Gauge (0.35 mm to 0.65 mm)
Thick Gauge (above 0.65 mm)
Epoxy Coated
Polyester Coated
Uncoated
Standard Grade
High Performance Grade
Specialty Grade
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Grain-oriented Silicon Steel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Grain-oriented Silicon Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Grain-oriented Silicon Steel Market, By Type
6. Japan Grain-oriented Silicon Steel Market, By Application
7. Japan Grain-oriented Silicon Steel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Grain-oriented Silicon Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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