Non Grain Oriented Electrical Steel Market Size & Share, By End Use (Transformers, Motors, Inductors, Others) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Non Grain Oriented Electrical Steel Market size is anticipated to grow significantly, reaching USD 33.16 billion by 2034, up from USD 20.95 billion. This growth represents a CAGR of over 4.7%, with a revenue forecast of USD 21.86 billion for 2025.

• Base Year Value (2024): USD 20.95 billion
• CAGR (2025-2034): 4.7%
• Forecast Year Value (2034): USD 33.16 billion
• Historical Data Period: 2021-2034
• Largest Region: Asia Pacific
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The Non Grain Oriented Electrical Steel (NGOES) market is poised for substantial growth, primarily driven by the rising demand for energy-efficient electrical equipment. As industries and consumers increasingly focus on sustainable energy solutions, the need for high-performance electrical steels that minimize energy losses becomes critical. NGOES is essential in manufacturing transformers, motors, and generators, which are integral to power generation and distribution systems. The ongoing shift towards renewable energy sources further propels this demand, as renewable energy systems rely heavily on advanced electrical components.

Technological advancements in the production of NGOES are also a significant growth driver. Innovations in processing techniques and the development of high-grade steel that enhances magnetic properties are opening new avenues for application. This includes growing interest in electric vehicles, where highly efficient motors are indispensable. Furthermore, the construction of new manufacturing facilities by key players in emerging markets is contributing to the accessibility and supply of NGOES, thereby fostering market development.

Opportunities are amplified by the increasing investments in infrastructure projects across various regions. Government initiatives aimed at modernizing power grids and expanding energy distribution networks create a rich landscape for the NGOES market. The rising trend of electrification in various sectors is offering further opportunities for producers to supply their products for transformers and other electrical transmission systems. Collaborations and strategic partnerships among industry participants are also fostering innovation and expanding product offerings, enhancing competitiveness in the market.

Report Scope

Report Coverage	Details
Segments Covered	End Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	ArcelorMittal, POSCO, Nucor, Baosteel Group, NIPPON STEEL CORPORATION, JFE Steel, thyssenkrupp, Cleveland-Cliffs, Arnold Magnetic Technologies, VIZ-Steel

Industry Restraints:

Despite the promising growth outlook, the NGOES market faces several restraints that could hinder its progression. The high cost of raw materials used in the production of electrical steel can pose a significant challenge for manufacturers. Fluctuating prices of essential inputs can lead to increased operational costs, ultimately impacting profit margins. This cost sensitivity may discourage small and medium enterprises from entering the market, limiting overall competition.

Additionally, the slow adoption of NGOES in certain regions can impede market growth. Factors such as lack of awareness about the benefits of NGOES or the availability of alternative, less efficient materials impact demand dynamics. Furthermore, the industry is grappling with regulatory challenges, where compliance with environmental standards can pose operational hurdles for manufacturers. As regulations tighten globally, companies may face increased scrutiny and pressure to innovate, which can divert resources and focus from core production activities.

The cyclical nature of the global economy may also present challenges. Economic downturns tend to slow industrial production, directly affecting the demand for electrical steels. Such economic fluctuations can result in unpredictable market conditions, making it difficult for manufacturers to plan and invest strategically. Overall, while opportunities abound in the NGOES market, understanding and navigating these restraints is crucial for sustainable growth and long-term success.

Regional Forecast:

North America

The Non Grain Oriented Electrical Steel market in North America, particularly driven by the United States and Canada, is experiencing a steady growth trajectory. The United States is a significant manufacturer of electrical steel, owing to its advanced technological infrastructure and increasing demand from the renewable energy sector, particularly in wind energy applications. Additionally, the automotive industry in the U.S. continues to seek efficient motor components, further propelling market demands. Canada, while smaller in terms of production, also benefits from its robust electrical transmission and distribution networks, contributing to the overall market expansion in North America.

Asia Pacific

In the Asia Pacific region, countries such as China, Japan, and South Korea are notable leaders in the Non Grain Oriented Electrical Steel market. China is expected to dominate due to its massive industrial base and rapid expansion in electric vehicle production, which requires high-performance electrical steel for efficient powertrain applications. Japan also holds a strong position, leveraging its advanced manufacturing capabilities and emphasis on innovation in electrical applications. South Korea, with its growing focus on renewable energy and smart grid solutions, is anticipated to witness substantial growth, making it a significant player in the market landscape.

Europe

Europe is characterized by a diverse market for Non Grain Oriented Electrical Steel, with key players in countries such as Germany, the UK, and France. Germany stands out as a leading market due to its robust automotive sector and commitment to renewable energy projects, particularly in wind energy where electrical steel is crucial. The UK is also witnessing growth in this sector, fueled by its initiatives towards decarbonization and investment in electric vehicle infrastructure. France contributes to regional developments through its focus on energy efficiency and modernization of electrical grids, enhancing the demand for high-quality electrical steel products. The combined efforts of these countries indicate a promising growth outlook for the region.

Segmentation Analysis:

In terms of segmentation, the global Non Grain Oriented Electrical Steel market is analyzed on the basis of End Use.

Market Overview

The Non Grain Oriented Electrical Steel (NGOES) market plays a vital role in various industries due to its unique magnetic properties. As the demand for energy-efficient electrical equipment rises, the NGOES market is witnessing significant growth. The key players in this market are adapting to technological advancements and sustainability initiatives, contributing to the market's evolution.

End Use Segments

The end-use segments of the NGOES market primarily include electric motors, transformers, and generators. Each segment serves a critical function in the overall energy supply chain, with electric motors being one of the largest consumers of NGOES. The increasing demand for electric vehicles and energy-efficient appliances drives the growth of this segment, as manufacturers seek materials that minimize energy loss.

Electric Motors

Electric motors represent a substantial segment of the NGOES market. The rise of electric vehicles and automation in industrial processes is expected to bolster this segment significantly. The push towards sustainability and reduced carbon emissions encourages manufacturers to invest in advanced electric motor technologies that rely on high-efficiency NGOES materials. This segment is anticipated to showcase rapid growth as more industries adopt electric solutions.

Transformers

Transformers constitute another key segment, integral to power distribution systems. The growing need for upgraded grid infrastructure and renewable energy integration enhances the demand for transformers, subsequently increasing the uptake of NGOES. The development of smart grids and energy-efficient technologies are expected to drive growth within this segment, making it crucial for manufacturers to focus on innovation.

Generators

Generators also form an essential part of the NGOES market, particularly in sectors such as renewable energy. As the reliance on wind and solar power increases, the demand for generators that incorporate NGOES is projected to rise. The emphasis on energy independence and reliability will likely spur manufacturers to invest in high-performance electrical steel to meet the expectations of the renewable energy market.

Regional Dynamics

Regionally, Asia-Pacific is anticipated to dominate the NGOES market owing to its robust manufacturing base and rapid industrialization. The significant growth in automotive and electronics sectors in countries like China and India fuels the demand for NGOES products. North America and Europe are also expected to exhibit substantial growth, driven by advancements in electric vehicle technologies and the need for sustainable energy solutions.

Market Trends and Innovations

Technological advancements such as the development of ultra-thin NGOES and improvements in manufacturing techniques are shaping the market landscape. Innovations aimed at enhancing magnetic properties while reducing production costs are crucial for maintaining a competitive edge. The increasing emphasis on sustainability and regulatory compliance also encourages manufacturers to explore eco-friendly options in their product offerings.

Challenges and Opportunities

Despite the growth prospects, the NGOES market faces challenges, including fluctuating raw material prices and competition from alternatives such as laminated silicon steel. However, the push for energy efficiency presents significant opportunities for growth, pushing manufacturers to develop innovative products that address these challenges while meeting evolving market demands. The market landscape continues to evolve as new technologies emerge, paving the way for enhanced applications of NGOES in various sectors.

Competitive Landscape:

The competitive landscape in the Non Grain Oriented Electrical Steel Market is characterized by a mix of established players and emerging companies striving to capture market share through technological advancements and product innovations. Key players are focusing on the development of high-performance electrical steel grades to meet the increasing demand from various end-use industries such as automotive and renewable energy. The market is driven by the rising need for energy-efficient solutions, leading to increased investment in research and development activities. Additionally, strategic partnerships, mergers, and acquisitions are common among manufacturers to enhance their product offerings and expand their geographic reach, resulting in a dynamic and evolving market environment.

Top Market Players

1. ArcelorMittal

2. Nippon Steel Corporation

3. JFE Steel Corporation

4. Baosteel Group

5. POSCO

6. Thyssenkrupp AG

7. AK Steel Holding Corporation

8. Tata Steel

9. USS-POSCO Industries

10. Schneider Electric