The Business Research Company’s report on the Non-Grain Oriented Electrical Steel Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the non-grain oriented electrical steel market further?
The rising adoption of electric vehicles (EV) is expected to propel the growth of the non-grain-oriented electrical steel market going forward. The electric vehicle is an automotive that can be powered by an electric motor that takes electricity from a battery and can be charged from an external source. The non-oriented electrical steel enhances the performance of the electric motor used as the core material in electric vehicles; as a result, the rising adoption of electric vehicles increases the demand for non-grain oriented electrical steel. For instance, in January 2024, according to a report published by Kelley Blue Book, a US-based Cox Automotive company, in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, which accounted for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, the rising adoption of electric vehicles drives the non-grain-oriented electrical steel market.
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Non-Grain Oriented Electrical Steel Market Report 2025, Statistics Sample
What are the key factors influencing the forecasted market size of the non-grain oriented electrical steel industry?
The non-grain oriented electrical steel market size has grown steadily in recent years. It will grow from $14.83 billion in 2024 to $15.47 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to industrial revolution impact, electrification of industries, research and development, urbanization and infrastructure growth, emergence of energy-efficient appliances
The non-grain oriented electrical steel market size is expected to see strong growth in the next few years. It will grow to $18.92 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to supply chain optimization, industry 4.0 and automation, smart grid development, electric vehicle revolution, recycling and sustainability. Major trends in the forecast period include data-driven maintenance strategies, localized manufacturing, material traceability and transparency, resilience to high temperatures, and IoT integration in electrical steel.
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Non-Grain Oriented Electrical Steel Market Report 2025, Statistics Customise
Who are the leading competitors in the non-grain oriented electrical steel market?
Major companies operating in the non-grain oriented electrical steel market include ThyssenKrupp AG, ArcelorMittal SA, Pohang Iron and Steel Company (POSCO), Nippon Steel Corporation, Ansteel Group Corporation Limited, Shagang Group Co. Ltd., Shougang Group Co. Ltd., Baosteel Group Corporation, JFE Holdings Inc., Tata Steel Limited, United States Steel Corporation, Voestalpine AG, NoVo Lipetsk Steel, Benxi Steel Group Co. Ltd, Aperam S.A., China BaoWu Steel Group Corporation Limited, Taiyuan Iron and Steel Co. Ltd., Malaysia Steel Works (KL) Bhd., CSC Steel Sdn. Bhd., Arnold Magnetic Technologies Corporation, Yieh Corp., Lamination Specialties Corp., AK Steel International B.V, Johnson Bros. Roll Forming Co., Continental Steel & Tube Co., TC Metal Co., AAA Metals Co. Inc.
Which emerging trends are set to transform the non-grain oriented electrical steel market landscape?
Product innovation is the major trend gaining momentum in the non-grain-oriented electrical steel market. Major companies operating in the non-grain-oriented electrical steel market are focused on developing innovative products to strengthen their position in the market. For instance, in December 2022, Cleveland-Cliffs Inc., a US-based mining and manufacturing company of electrical steel, iron ore, and other ferroalloys, launched MOTOR-MAX. This product is a high-frequency non-oriented electrical steel (HF NOES) that can enhance the engine’s ultimate performance and efficiency developed for high-speed engines, electric vehicle (EV) propulsion motors, aviation generators, and other rotating machinery.
How do different geographies compare in terms of market share and growth potential in the non-grain oriented electrical steel market?
Asia Pacific was the largest region in the non-grain oriented electrical steel market in 2024. The regions covered in the non-grain oriented electrical steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the non-grain oriented electrical steel market are experiencing the fastest growth?
The non-grain oriented electrical steel market covered in this report is segmented –
1) By Product: Fully Processed, Semi-processed
2) By Thickness: 0.35 mm, 0.5 mm, 0.65 mm, Other Thickness
3) By Application: Inductors, Transformers, Motors, Other Applications
4) By End User: Automotive Industry, Aviation, Power, Domestic Appliances, Other End Users
Subsegments:
1) By Fully Processed: Cold Rolled Electrical Steel, Hot Rolled Electrical Steel
2) By Semi-Processed: Cold Rolled Non-Grain Oriented Steel, Hot Rolled Non-Grain Oriented Steel
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Non-Grain Oriented Electrical Steel Market Report 2025, Statistics
How is the non-grain oriented electrical steel market defined, and what are its core characteristics?
Non-grain-oriented electrical steel, also known as electrical steel, laminate steel, core iron, and silicon steel, is a type of specialty steel designed to generate certain magnetic qualities such as minimal hysteresis or high permeability loss. Non-grain-oriented electrical steel has magnetic characteristics that are uniform in all directions. They are key materials in rotating devices ranging from tiny precision electric motors to massive power generators.
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