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PUBLISHER: Grand View Research | PRODUCT CODE: 1679475
PUBLISHER: Grand View Research | PRODUCT CODE: 1679475
Non Grain Oriented Electrical Steel Market Size, Share & Trends Analysis Report By End Use (Transformers, Motors, Inductors, Others), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2025 - 2030
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PAGES: 100 Pages
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Non Grain Oriented Electrical Steel Market Growth & Trends:
The global non grain oriented electrical steel market size is anticipated to reach USD 27.69 billion by 2030 and is projected to grow at a CAGR of 4.8% during the forecast period, according to a new report by Grand View Research, Inc. NGOES, known for its superior magnetic properties, is essential for manufacturing transformers, electric motors, and other electrical equipment. As the global energy sector increasingly shifts toward renewable sources such as wind and solar power, the need for advanced electrical steel to produce transformers and other high-efficiency equipment has surged. Therefore, the rising adoption of green energy technologies is a key driver of the NGOES market's expansion.
Electric motors in EVs require high-performance electrical steel to ensure efficient power generation and consumption. Governments worldwide are pushing for the adoption of electric vehicles through incentives and regulations aimed at reducing carbon emissions, so automakers are increasingly investing in their development. This shift in the automotive sector is spurring demand for NGOES as a core component in EV motor production, further driving the market's growth.
As automation technologies evolve, industries require motors and drives with higher energy efficiency and reliability. Due to its excellent magnetic properties, steel is extensively used in industrial motors, a fundamental part of automation systems in manufacturing, robotics, and logistics. The growing need for automation and the demand for high-efficiency motors and transformers in various industries thus play a critical role in expanding the NGOES market.
Power grids are essential for the transmission and distribution of electricity, and transformers, which use NGOES for their core materials, are crucial for their efficient operation. As countries worldwide upgrade their power grids to meet growing energy demands and incorporate renewable energy sources, the demand for NGOES to produce high-efficiency transformers and other electrical equipment has risen sharply.
Non Grain Oriented Electrical Steel Market Report Highlights:
- Based on end use, transformers dominated the market with a volume share of over 51.0% in 2024 due to their widespread application in power distribution and electrical systems.
- Asia Pacific dominated the global non grain oriented electrical steel industry with a revenue share of over 66.0% in 2024, driven by the high demand for electrical steel in manufacturing industries and rapid industrialization.
- Key industry participants include Nucor Corporation; ArcelorMittal; POSCO; Baosteel Group Corporation, among others.
Product Code: GVR-4-68040-518-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage
- 3.1.1. Global Electrical Steel Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Industry Trends
- 3.6. ESG Trends
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. Non Grain Oriented Electrical Steel Market: End Use Estimates & Trend Analysis
- 4.1. Non Grain Oriented Electrical Steel Market: End Use Movement Analysis, 2024 & 2030
- 4.2. Transformers
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Motors
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Inductors
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Non Grain Oriented Electrical Steel Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2024 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4. France
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5. Italy
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6. Russia
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.7. Turkey
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.3. Iran
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Heat Map Analysis
- 6.4. Vendor Landscape
- 6.4.1. List of equipment supplier
- 6.4.2. List of distributors
- 6.5. List of prospective end-users
- 6.6. Strategy Initiatives
- 6.7. Company Profiles/Listing
- 6.7.1. ArcelorMittal
- 6.7.1.1. Company Overview
- 6.7.1.2. Financial Performance
- 6.7.1.3. Product Benchmarking
- 6.7.2. POSCO
- 6.7.2.1. Company Overview
- 6.7.2.2. Financial Performance
- 6.7.2.3. Product Benchmarking
- 6.7.3. Nucor Corporation
- 6.7.3.1. Company Overview
- 6.7.3.2. Financial Performance
- 6.7.3.3. Product Benchmarking
- 6.7.4. Baosteel Group Corporation
- 6.7.4.1. Company Overview
- 6.7.4.2. Financial Performance
- 6.7.4.3. Product Benchmarking
- 6.7.5. NIPPON STEEL CORPORATION
- 6.7.5.1. Company Overview
- 6.7.5.2. Financial Performance
- 6.7.5.3. Product Benchmarking
- 6.7.6. JFE Steel Corporation
- 6.7.6.1. Company Overview
- 6.7.6.2. Financial Performance
- 6.7.6.3. Product Benchmarking
- 6.7.7. thyssenkrupp
- 6.7.7.1. Company Overview
- 6.7.7.2. Financial Performance
- 6.7.7.3. Product Benchmarking
- 6.7.8. Cleveland-Cliffs Inc.
- 6.7.8.1. Company Overview
- 6.7.8.2. Financial Performance
- 6.7.8.3. Product Benchmarking
- 6.7.9. Arnold Magnetic Technologies
- 6.7.9.1. Company Overview
- 6.7.9.2. Financial Performance
- 6.7.9.3. Product Benchmarking
- 6.7.10. VIZ-Steel
- 6.7.10.1. Company Overview
- 6.7.10.2. Financial Performance
- 6.7.10.3. Product Benchmarking
- 6.7.1. ArcelorMittal
Product Code: GVR-4-68040-518-2
List of Tables
- TABLE 1 Non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 2 North America non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 3 North America non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 4 U.S. non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 5 U.S. non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 6 Canada non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 7 Canada non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 8 Mexico non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 9 Mexico non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 10 Europe non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 11 Europe non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 12 Germany non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 13 Germany non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 14 France non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 15 France non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 16 Italy non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 17 Italy non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 18 Russia non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 19 Russia non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 20 Turkey non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 21 Turkey non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 22 Asia Pacific non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 23 Asia Pacific non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 24 China non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 25 China non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 26 India non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 27 India non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 28 Japan non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 29 Japan non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 30 South Korea non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 31 South Korea non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 32 Central & South America non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 33 Central & South America non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 34 Brazil non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 35 Brazil non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 36 Middle East & Africa non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 37 Middle East & Africa non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 38 Iran non grain oriented electrical steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 39 Iran non grain oriented electrical steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- FIG. 1 Market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Market snapshot
- FIG. 6 Segmental outlook - End use
- FIG. 7 Competitive outlook
- FIG. 8 Non grain oriented electrical steel market outlook, 2018 - 2030 (USD Million) (Kilotons)
- FIG. 9 Value chain analysis
- FIG. 10 Market dynamics
- FIG. 11 Porter's analysis
- FIG. 12 PESTEL analysis
- FIG. 13 Non grain oriented electrical steel market, by end use: Key takeaways
- FIG. 14 Non grain oriented electrical steel market, by end use: Market share, 2024 & 2030
- FIG. 15 Non grain oriented electrical steel market: regional analysis, 2024 & 2030
- FIG. 16 Non grain oriented electrical steel market, by region: Key takeaways
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