Non-Grain Oriented Electrical Steel Market Report 2026

The non-grain oriented electrical steel market size has grown steadily in recent years. It will grow from $15.31 billion in 2025 to $16.04 billion in 2026 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to growth in electrical and electronics sector, increasing demand from automotive motors, expansion of power generation industry, development of transformers and inductors, adoption in domestic appliances.

The non-grain oriented electrical steel market size is expected to see strong growth in the next few years. It will grow to $19.59 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rising use in electric vehicles, demand for energy-efficient motors, growth in aviation sector, increasing renewable energy projects, advancements in steel processing technology. Major trends in the forecast period include high-permeability steel development, reduction of core loss in transformers, enhanced magnetic properties for motors, adoption in energy-efficient electrical devices, customization for automotive and aviation applications.

The increasing adoption of electric vehicles is expected to support the growth of the non-grain-oriented electrical steel market. An electric vehicle is powered by an electric motor that draws energy from a rechargeable battery and can be charged using an external power source. Non-oriented electrical steel enhances the performance of these motors when used as core material, which means that rising EV adoption leads to greater demand for this type of steel. For example, in January 2024, Kelley Blue Book reported that a record 1.2 million car buyers in the United States chose electric vehicles in 2023, representing 7.6% of the total U.S. vehicle market - up from 5.9% in 2022. Therefore, the growing popularity of electric vehicles is contributing to the expansion of the non-grain-oriented electrical steel market.

Companies in the non-grain-oriented electrical steel industry are focusing on producing lightweight steel variants to improve efficiency and competitiveness. Lightweight non-oriented electrical steel helps enhance the efficiency of motors and electric vehicles that rely on it. For instance, in March 2023, United States Steel Corporation introduced InduX, a new electrical steel product characterized by its ultra-thin design, low weight, and wide format. The material is engineered with strong magnetic properties suitable for electric vehicles, generators, and transformers. Improved magnetic performance translates into more efficient motors and better mileage for electric vehicles.

In February 2024, Jindal Steel and Power Limited partnered with JFE Steel Corporation to establish a joint venture called JSW JFE Electrical Steel Private Limited for the production of grain-oriented electrical steel in India. The collaboration aims to meet growing domestic demand, strengthen the country’s energy infrastructure, and become the first initiative in India to offer complete end-to-end production of grain-oriented electrical steel. JFE Steel Corporation is a Japan-based manufacturer specializing in electrical steel.

Major companies operating in the non-grain oriented electrical steel market report are Thyssenkrupp AG, ArcelorMittal SA, Nippon Steel Corporation, POSCO (Pohang Iron and Steel Company), JFE Steel Corporation, Baosteel Group Corporation, China Baowu Steel Group Corporation Limited, Ansteel Group Corporation Limited, Shougang Group Co. Ltd., Shagang Group Co. Ltd., Tata Steel Limited, United States Steel Corporation, Voestalpine AG, Novolipetsk Steel (NLMK), Benxi Steel Group Co. Ltd., Taiyuan Iron and Steel Co. Ltd., AK Steel Corporation, Aperam S.A., Arnold Magnetic Technologies Corporation, CSC Steel Corporation, Yieh Corporation.

Asia Pacific was the largest region in the non-grain oriented electrical steel market in 2025. The regions covered in the non-grain oriented electrical steel market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the non-grain oriented electrical steel market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The non-grain-oriented electrical steel market consists of sales of high-strength non-grain-oriented electrical steel and cold-rolled non-grain-oriented electrical steel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.