Japan Cold Rolled Electrical Steel Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 3.7% from 2024 to 2030.
Japan’s Cold Rolled Electrical Steel market has seen significant growth in recent years, driven by its critical role in a variety of industries. This specialized material, primarily used in electrical machines and transformers, has unique characteristics that allow it to perform efficiently under high-performance conditions. The demand for cold-rolled electrical steel continues to rise, particularly in sectors like automotive, energy, and industrial machinery. Understanding the different types and requirements from these industries is essential for comprehending the ongoing market trends.
Cold-rolled electrical steel can be divided into two main types: non-oriented and grain-oriented. Non-oriented electrical steel is commonly used in electric motors, transformers, and other applications requiring high efficiency in rotation. On the other hand, grain-oriented electrical steel is specifically designed for applications that require optimal magnetic properties, such as transformers. Both types offer high electrical conductivity, improved magnetic properties, and the ability to withstand extreme environments, making them indispensable in modern industrial applications.
Japan’s industrial demands for cold-rolled electrical steel are driven by the rapid expansion of electric vehicle (EV) production. As EVs require more efficient powertrains and motors, the need for high-quality electrical steel to optimize energy consumption and motor performance has surged. Additionally, the growing renewable energy sector is pushing for more effective transformers and generators, further propelling the demand for these materials.
Industries rely on the superior magnetic properties and reduced energy losses of cold-rolled electrical steel to enhance the efficiency of their operations. The automotive sector, in particular, is leveraging these materials to develop energy-efficient motors for EVs. The energy sector also benefits from these materials in transformers and generators, which require minimal energy loss for maximum performance. With Japan’s emphasis on innovation and sustainability, the demand for cold-rolled electrical steel is expected to continue rising, further solidifying its importance across industries.
For manufacturers, understanding the unique properties of each type of cold-rolled electrical steel is vital for meeting specific industry needs. The demand for high-performance materials continues to grow, driving further advancements in technology and production methods within Japan’s manufacturing sector.
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Baowu
NSSMC
Shougang
TISCO
Posco
JFE Steel
Ansteel
NLMK Group
Masteel
AK Steel
ThyssenKrupp
Cogent (Tata Steel)
CSC
Stalprodukt S.A.
APERAM
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 Cold Rolled Electrical Steel Market
Grain-Oriented Electrical Steel (GOES)
Non-Grain-Oriented Electrical Steel (NGOES)
Power Generation
Transformers
Motors
Electronics
Automotive
Electric Motors
Transformers
Generators
Magnetic Cores
Less than 0.2 mm
0.2 mm to 0.3 mm
Above 0.3 mm
Uncoated
Coated (Electrogalvanized, Hot-dip Galvanized, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Cold Rolled Electrical 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 Cold Rolled Electrical Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Cold Rolled Electrical Steel Market, By Type
6. Japan Cold Rolled Electrical Steel Market, By Application
7. Japan Cold Rolled Electrical Steel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Cold Rolled Electrical Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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