Global Non-Grain Oriented Electrical Steel Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Non-Grain Oriented Electrical Steel Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Non-Grain Oriented Electrical Steel Market Size and Projected Growth Rate?
The market for non-grain oriented electrical steel has been experiencing steady growth over recent years. It is projected to expand from a value of $14.83 billion in 2024 to $15.47 billion in 2025, achieving a compound annual growth rate (CAGR) of 4.3%. Factors contributing to growth during this historic period include the effects of the industrial revolution, the electrification of numerous industries, extensive research and development efforts, increased urban development and infrastructure, and the rise of energy-efficient appliances.

The market for non-grain oriented electrical steel is anticipated to witness robust expansion in the coming years. The market is expected to reach a valuation of $18.92 billion by 2029, growing at a compound annual growth rate of 5.2%. The surge in growth during the predicted period is due to factors such as the optimization of supply chains, the rise of Industry 4.0 and automation, the evolution of smart grids, the electric vehicle pivot, and emphasis on recycling and sustainability. Key trends to watch during this period include the implementation of data-driven maintenance policies, the rise of localized manufacturing, the focus on material traceability and transparency, increased resistance to elevated temperatures, and the incorporation of IoT in the manufacture of electrical steel.

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What Are the Major Segments in the Non-Grain Oriented Electrical Steel Market?
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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What Are The Driving Non-Grain Oriented Electrical Steel Market Evolution?
The growth in the non-grain oriented electrical steel market is anticipated to be driven by the increasing popularity of electric vehicles (EVs). Electric vehicles, which are vehicles driven by an electric motor powered by a rechargeable battery and can be charged externally, benefit greatly from non-oriented electrical steel. This type of steel boosts the electric motor's performance, the primary component of EVs, consequently spurring a demand surge for non-grain oriented electrical steel. Kelley Blue Book, a Cox Automotive company based in the US, reported in January 2024 that a notable 1.2 million car purchasers in the United States in 2023 opted for electric vehicles. This represented a 7.6% share of the entire US vehicle market, a sizable increase from the 5.9% recorded in 2022. As such, the evolving preference for electric vehicles is significantly contributing to the expansion of the non-grain-oriented electrical steel market.

Which Firms Dominate The Non-Grain Oriented Electrical Steel Market Segments?
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.

What Trends Are Expected to Dominate the Non-Grain Oriented Electrical Steel Market in the Next 5 Years?
Prominent advancements in product design are a key trend propelling the non-grain-oriented electrical steel market forward. Major players in this field are focusing on the creation of innovative products to solidify their market standing. For example, in December 2022, Cleveland-Cliffs Inc., a US company specializing in the mining and production of electrical steel, iron ore, and other ferroalloys, unveiled MOTOR-MAX. This product, a high-frequency non-grain-oriented electrical steel (HF NOES), promises to optimize engine performance and efficiency. It is particularly intended for high-speed engines, electric vehicle (EV) propulsion motors, aviation generators, and other forms of rotating machinery.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Non-Grain Oriented Electrical Steel Market?
2. What is the CAGR expected in the Non-Grain Oriented Electrical Steel Market?
3. What Are the Key Innovations Transforming the Non-Grain Oriented Electrical Steel Industry?
4. Which Region Is Leading the Non-Grain Oriented Electrical Steel Market?

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