The global non grain-oriented electrical steel market is expected to reach an estimated $24.6 billion by 2031 with a CAGR of 4.8% from 2025 to 2031. The major drivers for this market are the growing need for high-frequency transformers, traction motors, and high-speed electric motors due to the hybrid electric vehicle, rising interest in energy-saving electrical equipment, and expansion of renewable energy sources.
The future of the global non grain-oriented electrical steel market looks promising with opportunities in the automotive, aviation, power, and domestic appliance markets.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
The future of the global non grain-oriented electrical steel market looks promising with opportunities in the automotive, aviation, power, and domestic appliance markets.
- Within the product type category, semi processed is expected to witness the highest growth over the forecast period because it provides consumers with an alternative to fully treated electrical steel in terms of improved magnetization qualities and a decarburization annealing procedure for the development of final magnetic properties.
- In terms of regions, APAC is expected to witness the highest growth over the forecast period due to growing urbanization and the rapidly expanding car industry, particularly for HEVs.
Emerging Trends in the Non Grain-Oriented Electrical Steel Market
The non grain-oriented electrical steel market is undergoing a transformation that focuses on technological advancements, sustainability, and improved performance. These developments are rooted in the growing need for energy-efficient power devices and the dynamic compliance landscape.- High-Performance Steel Grades: The trend of manufacturing high-performance steel grades has been noticeable in the market. These steels are designed to have improved magnetic properties and reduced core losses, thus making transformers and electric motors more efficient. This move has also been driven by the rising need for energy-efficient electrical systems.
- Advanced Processing Technologies: Advanced processing technologies that enhance the quality and performance of non-grain-oriented electrical steels are being adopted. As a result, methods such as improved hot rolling and annealing processes are used to create steels with higher magnetic properties while minimizing energy losses.
- Focus on Sustainability: In the production of non-grain-oriented electrical steel, sustainability is becoming increasingly important. In response to pressure from regulatory authorities regarding environmental impacts and consumer demands for sustainable products, companies have invested heavily in eco-friendly technologies and processes.
- Customization and Innovation: The market is experiencing an upsurge in customization and innovative development, with producers offering individualized solutions tailored to specific performance requirements of users. This includes developing steels with unique magnetic properties and increased strength to satisfy various industries.
Recent Developments in the Non Grain-Oriented Electrical Steel Market
Important progress has been made in non grain-oriented electrical steel lately, which demonstrates the significant strides taken in terms of technology and production methodologies. These developments are geared towards enhancing the performance, productivity, and environmental friendliness of electrical steel to meet rising market needs and regulatory requirements.- Development of Ultra-Low Core Loss Steels: To increase energy efficiency in electrical components, manufacturers are focusing on developing ultra-low core loss steels. These steels have enhanced magnetic properties that reduce the amount of energy wasted by machines like transformers and motors, meeting the demand for highly efficient electrical systems.
- Advancements in Steel Processing Techniques: The development and improvement of annealing and rolling processes for non-grain-oriented electrical steel have resulted in improved quality in production. This success has led to better magnetism and reduced core losses, resulting in the manufacturing of high-performance electrical components.
- Increase in Production Capacities: Moreover, there has been a noticeable rise in production capacities for non-grain-oriented electrical steel, driven by increased demand from both domestic and international markets. Consequently, investments in expanding production facilities are helping manufacturers meet growing market requirements and improve supply chain efficiency.
- Focus on Eco-Friendly Manufacturing: Today, this industry highly values sustainable methods. This is because regulations regarding the environment are becoming more stringent, and customers prefer environmentally friendly products. This includes embracing cleaner technologies and processes to minimize environmental impacts, driven by strict environmental regulations and an escalating consumer demand for green products.
Strategic Growth Opportunities for Non Grain-Oriented Electrical Steel Market
Strategic growth opportunities in the non grain-oriented electrical steel market are emerging across various applications due to technological advancements and shifting industry demands. Identifying these opportunities helps stakeholders leverage market trends and expand their business potential.- Transformers Application Expansion: The demand for energy-efficient and high-performance transformers has created opportunities in the transformer industry. Manufacturers must use non grain-oriented electrical steel, which has low core losses and high magnetic properties, to meet these needs.
- Growth of Electric Vehicles: The growth of electric vehicles is opening up significant opportunities in the EV motor sector. Non-grain-oriented electrical steel plays a critical role in improving the efficiency and performance of EV motors. This calls for high-quality electrical steels customized for this application.
- Renewable Energy Systems Development: The development of renewable energy systems such as wind and solar power offers opportunities for non-grain-oriented electrical steel. There is also a need for efficient transformers and other components, resulting in an increased demand for advanced steel products that meet performance standards and efficiency criteria.
- Investment in Advanced Manufacturing Technologies: Investment in advanced manufacturing technologies drives growth by enhancing production efficiency and quality of non-grain-oriented electrical steel. Through automation, improved sensing capabilities, and data analytics, firms can improve their products' functionality and operational efficiency.
Non Grain-Oriented Electrical Steel Market Drivers and Challenges
The non grain-oriented electrical steel market is influenced by various drivers and challenges, including technological advancements, economic factors, and regulatory pressures. Understanding these factors is crucial for navigating the market and achieving growth.The factors responsible for driving the non grain-oriented electrical steel market include:
- Technological Advancements: Technological developments, such as improvements in the manufacture of steel and the enhancement of magnetic properties, are significant drivers of growth. With these improvements, it becomes possible to produce high-performance electrical steels with low core losses to meet the increasing demand for energy-efficient electrical components.
- Growing Demand for Energy Efficiency: The demand for energy-efficient electrical systems is driving the need for high-quality, Non-Grain-Oriented Electrical Steels (NGOES). This trend is being fueled by efforts from different countries to improve efficiency in transformers, motors, and other electrical appliances, leading to market expansion.
- Regulatory Pressures for Sustainability: Regulatory pressures are affecting the market due to the increasing emphasis on environmental sustainability. Manufacturing firms must adopt environmentally friendly practices and minimize the impact of their production activities on the environment, which pushes them toward sustainable, non-grain-oriented electrical steel products.
Challenges in the non grain-oriented electrical steel market include:
- Economic Fluctuations: Economic fluctuations, such as changes in raw material costs and global trade dynamics, make the non-grain-oriented electrical steel market more challenging. Variations in the prices of key raw materials, such as iron ore and energy, can affect production costs and market prices. Furthermore, trade policies and economic instability can disrupt supply chains and access to markets, affecting the overall performance of the industry.
- Intense Competition: The non-grain-oriented electrical steel sector is highly competitive among manufacturers. Manufacturers must continuously innovate to improve their product lines. To do this, companies must invest heavily in research and development, leading to better quality products with higher performance standards. This also encourages cost control by manufacturers amid rising competition and their commitment to profit-making.
List of Non Grain-Oriented Electrical Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies non grain-oriented electrical steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the non grain-oriented electrical steel companies profiled in this report include:
- Pohang Iron and Steel Company
- Jiangsu Shagang Group
- ArcelorMittal
- Nippon Steel & Sumitomo Metal
- The United States Steel
Non Grain-Oriented Electrical Steel by Segment
The study includes a forecast for the global non grain-oriented electrical steel market by product type, application, end use, and region.Product Type [Analysis by Value from 2019 to 2031]:
- Semi Processed
- Fully Processed Product
Application [Analysis by Value from 2019 to 2031]:
- Inductors
- Transformers
- Motors
- Others
End Use [Analysis by Value from 2019 to 2031]:
- Automotive
- Aviation
- Power
- Domestic Appliances
Region [Analysis by Value from 2019 to 2031]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Country-Wise Outlook for the Non Grain-Oriented Electrical Steel Market
The non grain-oriented electrical steel market is changing rapidly due to technological advancements and a shift in industrial demand. The most important markets for this type of steel, which is crucial for the production of transformers and electric motors, are witnessing significant developments in countries such as the United States, China, Germany, India, and Japan. These changes are driven by an increased focus on energy efficiency, advances in steel processing technologies, and environmental pressures from regulations.- United States: In the U.S. non grain-oriented electrical steel market, there has been growth in recent times due to advancements in steel processing technology and increasing demand for energy-saving electrical components. Manufacturers are concentrating on improving magnetic properties and reducing core losses when dealing with electrical steel. There have also been notable investments aimed at producing higher-grade steels that meet the demanding performance requirements of modern transformers and motors.
- China: China is making significant achievements in its non-grain-oriented electrical steel market by focusing on expanding production capacities and improving steel quality. The energy efficiency of electrical steel is being improved through investment in new technologies and processes. Moreover, advanced grades of steel are being developed to meet both domestic and international energy efficiency standards for high-performance electric applications.
- Germany: Germany's non-grain-oriented electrical steel market is characterized by a drive toward environmental sustainability and excellence in performance. German producers are investing in advanced processing techniques for low-loss magnetic cores that possess better magnetic properties. Additionally, they focus on eco-friendly manufacturing processes due to strict European regulations and the increased need for energy-efficient power systems.
- India: The Indian market for non grain-oriented electrical steel is growing due to enhancements in industrialization processes and infrastructure development. Indian manufacturers are investing in upgrading their facilities to produce better quality and more efficient electrical steels. For India's infrastructure and industrial development, it is important to improve the grades of steel and the efficiency of production, as these factors affect both domestic and international markets.
- Japan: Japan has made strides toward becoming an advanced nation in production methods for non-grain-oriented electrical steels. Japanese manufacturers are leading other nations in producing high-end electrical products with outstanding magnetic characteristics and low hysteresis losses. Furthermore, advanced technologies have been integrated to enhance production efficiency and meet the high energy efficiency standards of both the domestic and global markets.
Features of this Global Non Grain-Oriented Electrical Steel Market Report
- Market Size Estimates: Non grain-oriented electrical steel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Non grain-oriented electrical steel market size by product type, application, end use, and region in terms of value ($B).
- Regional Analysis: Non grain-oriented electrical steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, application, end use, and regions for the non grain-oriented electrical steel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the non grain-oriented electrical steel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the non grain-oriented electrical steel market by product type (semi processed and fully processed product), application (inductors, transformers, motors, and others), end use (automotive, aviation, power, and domestic appliances), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Non Grain-Oriented Electrical Steel Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2019 to 2031
4. Market Trends and Forecast Analysis by Region from 2019 to 2031
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
The leading players profiled in this Non Grain-Oriented Electrical Steel market report include:- Pohang Iron and Steel Company
- Jiangsu Shagang Group
- ArcelorMittal
- Nippon Steel & Sumitomo Metal
- The United States Steel
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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