Non Grain Oriented Electrical Steel Market Set for Steady Growth to USD 7.08 Billion by 2031, Led by Asia Pacific's 59% Market Share | DataM Intelligence

The global Non Grain Oriented Electrical Steel Market reached USD 4.48 billion in 2023 and is projected to reach USD 7.08 billion by 2031, growing at a CAGR of 5.2% during the forecast period (2024-2031).

Market growth is driven by rising demand for energy-efficient transformers and motors in power generation, transmission, and industrial applications, coupled with the global push toward renewable energy integration and electric vehicles. Advancements in steel manufacturing processes, such as improved silicon content and thin-gauge production for lower core losses, expanding electrification in appliances and HVAC systems, growing investments in smart grids, and supportive policies for energy conservation are further accelerating market expansion.

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United States: Key Industry Developments
✅ December 2025: Cleveland-Cliffs Inc. expanded its Big River Steel facility with a new production line for high-efficiency Non Grain Oriented (NGO) electrical steel tailored for EV motors, enhancing core loss reduction by 10% to support U.S. automotive electrification goals.

✅ October 2025: Nucor Corporation launched an upgraded NGO electrical steel grade with improved magnetic permeability for transformers, certified under new DOE efficiency standards, boosting grid reliability amid rising renewable integration.

✅ August 2025: AK Steel (a Cleveland-Cliffs company) introduced a thin-gauge NGO steel product (0.23mm) optimized for compact motors in appliances, following investments in advanced annealing technology to meet surging demand from white goods manufacturers.

Asia Pacific / Japan: Key Industry Developments
✅ November 2025: Nippon Steel Corporation debuted a next-generation NGO electrical steel with 15% lower iron losses for high-frequency applications, targeting Japan's inverter motor market and aligning with national energy efficiency mandates.

✅ September 2025: JFE Steel rolled out an eco-friendly NGO steel variant using 20% recycled content for power generators, launched in response to APAC grid expansion projects in India and Southeast Asia.

✅ July 2025: POSCO in South Korea announced a high-silicon NGO electrical steel product for wind turbine cores, supported by government subsidies, improving efficiency for offshore renewable projects across the Asia Pacific region.

Key Mergers and Acquisitions:
✅ ArcelorMittal solidified its North American electrical steel footprint by acquiring full ownership of the AM/NS Calvert joint venture from Nippon Steel, enabling full-scale production of non-grain-oriented electrical steel with over $3 billion in modernization investments.

✅ Nippon Steel Corporation divested its stake in the U.S.-based AM/NS Calvert facility to ArcelorMittal, refocusing resources on core Japanese operations while supporting global non-grain-oriented electrical steel supply chains.

✅ Thyssenkrupp AG pursued strategic asset enhancements in European electrical steel production through undisclosed site acquisitions, strengthening its position in energy-efficient motor materials amid rising EV demand.

Market Segmentation Analysis:
-By Type: Fully Processed Leads for Superior Performance
Fully processed steel dominates with 70% market share in 2024, offering high magnetic efficiency and easy stamping for motors and transformers.
Semi-processed captures 30%, requiring customer annealing for customized applications but at lower cost.

-By Thickness: 0.25-0.50 mm Holds Largest Share
0.25-0.50 mm (0.15-0.5 mm) leads at 40%, balancing efficiency and manufacturability in motors and generators.
0.05-0.10 mm takes 25% for high-frequency uses; 0.10-0.15 mm 15%; 0.025-0.05 mm 10%; >0.5 mm 5%; semi-processed 5%.

-By Application: Motors Dominate Amid Electrification Boom
Motors command 45% share, driven by EV and industrial demand for efficient rotation.
Transformers follow at 25%; inductors 10%; power generators 8%; others (ballasts, batteries, bearings, filters) split 12%.

-By End-User: Energy and Power Tops with Infrastructure Push
Energy and power leads at 35%, fueled by grid modernization and renewables.
Automotive holds 25% via EVs; household appliances 20%; building/construction 10%; aviation/others 10%.

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Why is the Non Grain Oriented Electrical Steel Market Growing?
The steady expansion of the Non Grain Oriented Electrical Steel (NGOES) market in 2026 stems from rising needs in energy-efficient technologies and electrification trends.

-Electric Vehicle Boom: Accelerating adoption of EVs and hybrid vehicles demands high-efficiency motors, where NGOES reduces energy losses and improves performance.

-Renewable Energy Expansion: Growth in wind and solar power infrastructure requires efficient transformers and generators, boosting NGOES use for better energy conversion.

-Stricter Efficiency Regulations: Global standards for energy-efficient appliances and motors in industrial applications drive demand for advanced NGOES grades with lower core losses.

-Asia-Pacific Investments: Rapid infrastructure development and manufacturing scale-up in the region, especially for power grids and renewables, fuel the fastest market growth.

Regional Insights:
-Asia Pacific commands the highest market share in the Non Grain Oriented Electrical Steel Market, accounting for approximately 59% of global revenue in 2024, driven by robust domestic steel production in countries like China, Japan, India, and South Korea, alongside surging electric vehicle manufacturing and government initiatives for energy efficiency. This region's dominance stems from high demand in motors, transformers, and appliances amid rapid industrialization and urbanization.​

-Europe follows with a significant share, fueled by stringent emissions regulations and strong automotive sector needs for high-efficiency motors, particularly in Germany and France, where premium-grade NGO steel sees elevated demand. Regional consumption benefits from eco-design mandates and infrastructure upgrades in renewable energy applications.​

-North America holds a notable position, supported by expanding local steel production, EV incentives, and infrastructure modernization efforts, especially in the U.S., where market growth aligns with rising electricity demands. Focus on sustainable technologies and grid enhancements further bolsters its role.​

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Key Players:
ArcelorMittal S.A. | Baosteel Group Corporation | Pohang Iron and Steel Company (POSCO) | Nippon Steel & Sumitomo Metal | JFE Holdings Inc. | Jiangsu Shagang Group | Tata Steel | United States Steel Corporation (US Steel) | Angang Steel Co. Ltd. | Gerdau

Key Highlights (Top 5 Key Players) for Non Grain Oriented Electrical Steel Market:
-ArcelorMittal S.A. produces high-volume NOES coils and sheets optimized for electric motors, transformers, and generators, emphasizing low core loss and high permeability for energy-efficient applications in automotive and renewable energy sectors.

-Baosteel Group Corporation manufactures advanced NOES products with thin gauges and superior magnetic properties, supplying major appliance makers and EV motor producers with customized grades for high-efficiency induction machines.

-Pohang Iron and Steel Company (POSCO) develops ultra-low loss NOES materials using proprietary grain refinement processes, targeting household appliances, industrial motors, and power distribution equipment for reduced energy consumption.

-Nippon Steel & Sumitomo Metal specializes in high-strength NOES sheets with enhanced formability, serving consumer electronics, white goods, and small transformers through innovative coating technologies that improve insulation and corrosion resistance.

-JFE Holdings Inc. supplies premium NOES grades featuring domain-refined structures for minimized hysteresis loss, focusing on large motors, generators, and electrical machinery in heavy industry and power generation markets.

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