Grain-Oriented Electrical Steel Market Forecast 2035 | Market Size, Transformer Steel Trends, Grid Modernization, Competitive Landscape & Investment Opportunities

Market Size and Growth 2026

The Grain-Oriented Electrical Steel Market will reach US$ 9.55 billion in 2026, up from US$ 9.04 billion in 2025, and is projected to reach US$ 15.60 billion by 2035, registering steady growth at a CAGR of 5.6% during the forecast period from 2026 to 2035.

DataM Intelligence has released a new research report titled Grain-Oriented Electrical Steel Market Size 2026 The report delivers in-depth insights into key market dynamics, including regional growth trends, market segmentation, CAGR projections, and the revenue performance of leading industry players. It also highlights major growth drivers shaping the market landscape. Designed to provide a clear and comprehensive perspective, the report offers a detailed view of the current market size in terms of both value and volume, along with emerging opportunities and the overall development outlook of the global Grain-Oriented Electrical Steel market.

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Key Developments 2025-2026:

United States: Recent Grain-Oriented Electrical Steel (GOES) Industry Developments

✅ In June 2026, Cleveland-Cliffs announced additional investments to enhance its grain-oriented electrical steel production capabilities in the United States. The expansion is aimed at meeting rising demand from power transformer manufacturers and grid modernization projects. The initiative also supports domestic supply chain resilience for critical electrical steel products.

✅ In April 2026, Hyundai Steel signed supply agreements with North American transformer manufacturers to expand the availability of high-grade grain-oriented electrical steel. The move addresses growing demand driven by renewable energy integration and transmission infrastructure upgrades. The company expects increased exports to support utility-scale transformer production.

✅ In February 2026, Cleveland-Cliffs expanded partnerships with U.S. transformer and electrical equipment manufacturers to strengthen domestic sourcing of grain-oriented electrical steel. The collaboration supports increasing investments in grid reliability and electrification projects. It also helps reduce dependence on imported GOES materials.

Japan: Recent Grain-Oriented Electrical Steel (GOES) Industry Developments

✅ In June 2026, Nippon Steel introduced a new high-magnetic-flux grain-oriented electrical steel grade designed for next-generation power transformers. The product delivers lower core losses and improved energy efficiency for transmission and distribution networks. The launch supports the growing demand for energy-efficient electrical infrastructure.

✅ In April 2026, JFE Steel Corporation expanded production of premium grain-oriented electrical steel to meet increasing global demand for high-efficiency transformers. The investment focuses on advanced manufacturing technologies that improve magnetic properties while reducing energy losses. The expansion also strengthens exports to North America and Europe.

✅ In March 2026, POSCO strengthened long-term supply partnerships with Japanese transformer manufacturers for premium grain-oriented electrical steel. The collaboration supports the development of high-efficiency transformers used in renewable energy and smart grid projects. The agreement reflects continued regional investment in advanced electrical steel solutions.

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List of Key Players 2026:

=> Nippon Steel & Sumitomo Metal Corporation (NSSMC), Baowu Group, Thyssenkrupp Steel Europe, Arnold Magnetic Technologies, AK Steel, NLMK Group, JFE Steel, Posco, ArcelorMittal, Cogent (Tata Steel) and others.

Growth Forecast Projection 2026:

The Global Grain-Oriented Electrical Steel Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

How Our Market Research Process Works:

The global Grain-Oriented Electrical Steel Market research report is developed using a comprehensive combination of primary and secondary data sources. The study evaluates a wide range of industry-influencing factors, including government regulations, evolving market dynamics, competitive intensity, and historical performance trends. It also analyzes technological advancements, emerging innovations, and developments across related industries. In addition, the report assesses market volatility, growth opportunities, potential barriers, and key challenges that could impact the future expansion of the Grain-Oriented Electrical Steel ecosystem.

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Major Focused Key Segmentations 2026:

By Thickness

0.10-0.15 mm - 38% Share
This thickness range dominates the market due to its optimal balance between magnetic performance, mechanical strength, and core loss reduction, making it widely used in high-efficiency transformers and electrical equipment.

0.05-0.10 mm - 30% Share
This segment holds a significant share owing to increasing demand for energy-efficient motors and advanced electrical devices requiring lower core losses.

More than 0.15 mm - 20% Share
Thicker electrical steel sheets continue to be utilized in industrial transformers, heavy electrical machinery, and large rotating equipment.

0.025-0.05 mm - 12% Share
Ultra-thin sheets are witnessing rapid growth due to their application in premium energy-efficient electrical components and high-frequency equipment.

By Form

Laminated Sheets - 46% Share
Laminated sheets dominate the market owing to their extensive use in transformer cores, electric motors, and generators where reduced eddy current losses are essential.

Punched Sheets - 30% Share
Punched sheets account for a significant share due to widespread use in stators, rotors, and precision electrical component manufacturing.

Wound Sheets - 24% Share
Wound sheets are increasingly adopted for distribution transformers, inductors, and compact magnetic core applications.

By Silicon Content

3% Silicon - 44% Share
Electrical steel containing approximately 3% silicon dominates the market due to its excellent magnetic permeability, reduced core losses, and broad application across transformers and motors.

More than 3% - 34% Share
Higher silicon content grades are gaining popularity for premium energy-efficient transformers and specialized electrical equipment requiring superior magnetic performance.

Below 3% - 22% Share
Lower silicon grades remain widely utilized in applications where higher mechanical strength and cost efficiency are prioritized.

By Application

Transformers - 48% Share
Transformers represent the largest application segment due to increasing investments in power transmission, renewable energy integration, and grid modernization projects worldwide.

Motors - 30% Share
Electric motors account for a significant share driven by growing demand from electric vehicles, industrial automation, HVAC systems, and household appliances.

Inductors - 12% Share
Inductor applications continue to expand with increasing use in power electronics, renewable energy systems, and consumer electronics.

Others - 10% Share
Includes generators, reactors, magnetic shielding components, and specialized electrical equipment.

By End-User

Energy - 40% Share
The energy sector dominates the market due to extensive deployment of power transformers, grid expansion projects, renewable energy integration, and transmission infrastructure upgrades.

Manufacturing - 22% Share
Manufacturing industries utilize electrical steel extensively in industrial motors, generators, and automation equipment.

Automotive - 20% Share
The automotive sector is witnessing rapid growth driven by increasing production of electric vehicles, hybrid vehicles, and high-efficiency traction motors.

Household Appliances - 12% Share
Household appliance manufacturers increasingly adopt high-grade electrical steel in refrigerators, washing machines, air conditioners, and other energy-efficient appliances.

Others - 6% Share
Includes aerospace, railways, industrial machinery, and commercial electrical equipment.

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By Region

Asia Pacific - 52% Share
Asia Pacific dominates the market due to large-scale electrical steel production, rapid industrialization, expanding power infrastructure, increasing electric vehicle manufacturing, and strong investments in renewable energy across China, Japan, South Korea, and India.

Europe - 20% Share
Europe holds a significant share supported by stringent energy efficiency regulations, advanced transformer manufacturing, and growing investments in electric mobility.

North America - 18% Share
North America continues to grow through grid modernization initiatives, rising EV adoption, renewable energy expansion, and replacement of aging electrical infrastructure.

Latin America - 5% Share
Latin America is witnessing steady growth with increasing investments in power distribution networks, industrial development, and renewable energy projects.

Middle East & Africa - 5% Share
The Middle East & Africa region is expanding due to ongoing power infrastructure development, urbanization, and investments in transmission and distribution systems.

We Provide Benefits of the Report:

Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.

Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.

Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.

Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.

Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.

Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.

Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.

Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.

Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.

FAQ

Q1: What is the current size of the Grain-Oriented Electrical Steel Market?

A: The Grain-Oriented Electrical Steel Market was valued at US$ 9.55 billion in 2026 and is forecasted to hit US$ 15.60 billion by 2035

Q2: How rapidly will the Market expanding?

A: The Grain-Oriented Electrical Steel market is projected to grow at a CAGR of 5.6% between 2026 and 2035.

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