Non-Grain Oriented Electrical Steel Market size was USD 18.36 billion in 2023 and is expected to Reach USD 27.09 billion by 2031 and grow at a CAGR of 5.02% over the forecast period of 2024-2031.
Non-grain-oriented electrical steel (NGOES) is mostly used in rotating equipment. NGOES is used in the Production of electrical power transformers, motors, generators over-frequency, and high-frequency converters. It is specifically designed to exhibit low core loss and high magnetic permeability, making it efficient for electrical energy conversion.
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Non-grain-oriented electrical steel possesses excellent magnetic properties, including low core loss and high magnetic permeability. These properties allow for efficient energy transfer in electrical devices, reducing energy losses and improving overall performance.
Non-grain-oriented electrical steel is typically made from silicon-rich alloys with a small amount of aluminium and carbon. The addition of silicon helps to enhance magnetic properties, while aluminium and carbon improve the material's electrical resistivity and mechanical strength.
By utilizing non-grain-oriented electrical steel, manufacturers can design and produce more efficient electrical equipment with reduced energy losses and improved performance characteristics.
Non-grain-oriented electrical steel is primarily used in electrical devices where magnetic fields vary in different directions. Non-grain-oriented electrical steel is chosen for its low energy losses and ability to handle alternating magnetic fields.
KEY DRIVERS
Increased demand from various end-user industries is driving the market growth
Non-grain-oriented electrical steel has excellent magnetic properties, which contribute to reduced energy losses in electrical devices and systems. Lower core losses translate to higher efficiency and reduced energy consumption. This is especially crucial in applications such as transformers, electric motors, generators, and other electrical equipment.
RESTRAIN
Fluctuation in prices of raw materials used in manufacturing can hamper market growth
Non-grain-oriented electrical steel witnessed the variation in prices of raw materials for steel such as scrap, coal, and iron steel, which can hinder the market. As supply and demand gap has led to volatile prices of raw materials. Operational costs, crude oil prices, and high maintenance and storage facilities influence steel prices.
OPPORTUNITY
The increasing demand for the use of electric steel in HEVs
The growing worldwide vehicle manufacturing industry is essentially driving the growth of the electrical steel market. Cars are made from a range of materials. The global increase in the use of hybrid electric vehicles (HEVs) is a major factor fuelling the global Non-grain-oriented electrical steel market. The two primary applications of Non-grain-oriented electrical steel are high-frequency transformers and high-speed electric motors. It is also used in HEV traction motors. HEVs are a developing trend in the automobile industry.
CHALLENGES
Reduction in the use of Non-grain oriented electrical steel in various industries can hinder the market
Non-grain-oriented electrical steel faces competition from alternate materials
Non-grain-oriented electrical steel faces competition from alternative materials that offer similar or improved characteristics. For instance, advancements in soft magnetic composites (SMCs) and amorphous alloys present potential alternatives to Non-grain-oriented electrical steel in certain applications. Manufacturers need to monitor these developments and assess the market demand for such materials to stay competitive.
The Russian invasion of Ukraine has caused havoc in a number of businesses, including non-grain-oriented electrical steel. Ukrainian steel plants ceased production, causing shortages in the EU and the United States. non-grain-oriented electrical steel is widely employed in a variety of industries, including energy, automotive, and the manufacture of electrical equipment. Any disruption in the supply of non-grain-oriented electrical steel might have an impact on these businesses, including production delays, increased costs, and decreased competitiveness. The war's impact on the overall economy of these industries may have an indirect impact on demand for the non-grain-oriented electrical steel market.
During a recession, economic activity often slowdown and consumer spending decrease. This may result in a decrease in demand for electrical equipment, appliances, and industrial machinery made of non-grain-oriented electrical steel. As a result, producers of non-grain-oriented electrical steel may see fewer orders and lower sales volumes. Capital investments, such as infrastructure projects and equipment upgrade, may be delayed or cancelled by businesses. This has the potential to have a direct impact on demand for non-grain-oriented electrical steel. Government measures are driving the expansion of the non-grain-oriented electrical steel industry.
by Thickness
0.35 mm
0.5 mm
0.65 mm
Other
by Type
Semi Processed
Fully Processed
by Application
Power Generation
Household appliance
AC Motor
Other
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Asia Pacific has the largest developing economies, with important contributions from countries such as China and India. The demand for infrastructure for power generation, transmission, and distribution. Non-grain-oriented electrical steel exhibit a role in such electrical equipment used in power infrastructure. As a result, rising demand from the electrical power industry is likely to boost market expansion.
North America is a strongly industrialised region with a high need for energy. The region's power generation and transmission infrastructure are well-developed, although it requires ongoing maintenance and upgrading. In recent years, there has been a considerable demand for electric vehicle sales in this region.
Several European region's key industrial countries are shifting towards renewable energy, and demand for Non-grain-oriented electrical steel is expected to surge, opening up new market growth potential.
The demand in Latin America is driven by the electric power generation and distribution industries. Non-grain-oriented electrical steel is a crucial component in the fabrication of transformer cores, which are critical in stepping up and stepping down voltages during electric power distribution and transmission.
The Middle East and Africa have substantial oil and gas deposits. Electric gadgets are expected to drive demand for mining and extraction activities, as well as power plants and other energy producing units.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Tata Steel, Nucor Corporation, Nippon Steel Corporation, ThyssenKrupp Steel Europe, Arcelor Mittal, NLMK, POSCO, Shougang Group, Benxi Steel Group Co Ltd, Baosteel Group Co and other key players are mentioned in final report.
In 2022 ArcelorMittal has announced a €300 million investment, with the backing of the French government, to establish a new electrical steel production facility at its Mardyck location in northern France. This investment will directly create more than 100 employment.
| Report Attributes | Details |
| Market Size in 2023 | US$ 18.36 Billion |
| Market Size by 2031 | US$ 27.09 Billion |
| CAGR | CAGR of 5.02% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By thickness (0.35 mm, 0.5 mm, 0.65 mm, and other) • By Type (Semi Processed and Fully Processed) • By Application (Household appliance, AC Motor, Power Generation, and Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Tata Steel, Nucor Corporation, Nippon Steel Corporation, ThyssenKrupp Steel Europe, Arcelor Mittal, NLMK, POSCO, Shougang Group, Benxi Steel Group Co Ltd, Baosteel Group Co |
| Key Drivers | • Increased demand from various end-user industries is driving the market growth. |
| Market Opportunity | • The increasing demand for the use of electric steel in HEVs. |
Ans: Tata Steel, Nucor Corporation, Nippon Steel Corporation, ThyssenKrupp Steel Europe, Arcelor Mittal, are the major players in global market.
Ans: Increased demand from various end-user industries is driving the market growth.
Ans: Semi Processed Segment holds the largest market Share.
Ans:
Reduction in the use of Non-grain oriented electrical steel in various industries can hinder the market.
Non-grain-oriented electrical steel faces competition from alternate materials.
Ans: In Non-Grain Oriented Electrical Steel Market North America Region Hold the largest Share in Global Market.
Ans: Non-grain oriented electrical steel Market size was USD 18.36 billion in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Non-grain oriented electrical steel Market, By Thickness
8.1 0.35 mm
8.2 0.5 mm
8.3 0.65 mm
8.4 Other
9. Non-grain oriented electrical steel Market by Type
9.1 Semi Processed
9.2 Fully Processed
10. Non-grain oriented electrical steel Market, By Application
10.1 Power Generation
10.2 Household appliance
10.3 AC Motor
10.4 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Non-grain oriented electrical steel Market by Country
11.2.2North America Non-grain oriented electrical steel Market by Thickness
11.2.3 North America Non-grain oriented electrical steel Market by Type
11.2.4 North America Non-grain oriented electrical steel Market by Application
11.2.5 USA
11.2.5.1 USA Non-grain oriented electrical steel Market by Thickness
11.2.5.2 USA Non-grain oriented electrical steel Market by Type
11.2.5.3 USA Non-grain oriented electrical steel Market by Application
11.2.6 Canada
11.2.6.1 Canada Non-grain oriented electrical steel Market by Thickness
11.2.6.2 Canada Non-grain oriented electrical steel Market by Type
11.2.6.3 Canada Non-grain oriented electrical steel Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Non-grain oriented electrical steel Market by Thickness
11.2.7.2 Mexico Non-grain oriented electrical steel Market by Type
11.2.7.3 Mexico Non-grain oriented electrical steel Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Non-grain oriented electrical steel Market by Country
11.3.1.2 Eastern Europe Non-grain oriented electrical steel Market by Thickness
11.3.1.3 Eastern Europe Non-grain oriented electrical steel Market by Type
11.3.1.4 Eastern Europe Non-grain oriented electrical steel Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Non-grain oriented electrical steel Market by Thickness
11.3.1.5.2 Poland Non-grain oriented electrical steel Market by Type
11.3.1.5.3 Poland Non-grain oriented electrical steel Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Non-grain oriented electrical steel Market by Thickness
11.3.1.6.2 Romania Non-grain oriented electrical steel Market by Type
11.3.1.6.4 Romania Non-grain oriented electrical steel Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Non-grain oriented electrical steel Market by Thickness
11.3.1.7.2 Turkey Non-grain oriented electrical steel Market by Type
11.3.1.7.3 Turkey Non-grain oriented electrical steel Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Non-grain oriented electrical steel Market by Thickness
11.3.1.8.2 Rest of Eastern Europe Non-grain oriented electrical steel Market by Type
11.3.1.8.3 Rest of Eastern Europe Non-grain oriented electrical steel Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Non-grain oriented electrical steel Market by Thickness
11.3.2.2 Western Europe Non-grain oriented electrical steel Market by Type
11.3.2.3 Western Europe Non-grain oriented electrical steel Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Non-grain oriented electrical steel Market by Thickness
11.3.2.4.2 Germany Non-grain oriented electrical steel Market by Type
11.3.2.4.3 Germany Non-grain oriented electrical steel Market by Application
11.3.2.5 France
11.3.2.5.1 France Non-grain oriented electrical steel Market by Thickness
11.3.2.5.2 France Non-grain oriented electrical steel Market by Type
11.3.2.5.3 France Non-grain oriented electrical steel Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Non-grain oriented electrical steel Market by Thickness
11.3.2.6.2 UK Non-grain oriented electrical steel Market by Type
11.3.2.6.3 UK Non-grain oriented electrical steel Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Non-grain oriented electrical steel Market by Thickness
11.3.2.7.2 Italy Non-grain oriented electrical steel Market by Type
11.3.2.7.3 Italy Non-grain oriented electrical steel Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Non-grain oriented electrical steel Market by Thickness
11.3.2.8.2 Spain Non-grain oriented electrical steel Market by Type
11.3.2.8.3 Spain Non-grain oriented electrical steel Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Non-grain oriented electrical steel Market by Thickness
11.3.2.9.2 Netherlands Non-grain oriented electrical steel Market by Type
11.3.2.9.3 Netherlands Non-grain oriented electrical steel Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Non-grain oriented electrical steel Market by Thickness
11.3.2.10.2 Switzerland Non-grain oriented electrical steel Market by Type
11.3.2.10.3 Switzerland Non-grain oriented electrical steel Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Non-grain oriented electrical steel Market by Thickness
11.3.2.11.3 Austria Non-grain oriented electrical steel Market by Type
11.3.2.11.4 Austria Non-grain oriented electrical steel Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Non-grain oriented electrical steel Market by Thickness
11.3.2.12.2 Rest of Western Europe Non-grain oriented electrical steel Market by Type
11.3.2.12.3 Rest of Western Europe Non-grain oriented electrical steel Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Non-grain oriented electrical steel Market by Country
11.4.2 Asia-Pacific Non-grain oriented electrical steel Market by Thickness
11.4.3 Asia-Pacific Non-grain oriented electrical steel Market by Type
11.4.4 Asia-Pacific Non-grain oriented electrical steel Market by Application
11.4.5 China
11.4.5.1 China Non-grain oriented electrical steel Market by Thickness
11.4.5.2 China Non-grain oriented electrical steel Market by Application
11.4.5.3 China Non-grain oriented electrical steel Market by Type
11.4.6 India
11.4.6.1 India Non-grain oriented electrical steel Market by Thickness
11.4.6.2 India Non-grain oriented electrical steel Market by Type
11.4.6.3 India Non-grain oriented electrical steel Market by Application
11.4.7 Japan
11.4.7.1 Japan Non-grain oriented electrical steel Market by Thickness
11.4.7.2 Japan Non-grain oriented electrical steel Market by Type
11.4.7.3 Japan Non-grain oriented electrical steel Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Non-grain oriented electrical steel Market by Thickness
11.4.8.2 South Korea Non-grain oriented electrical steel Market by Type
11.4.8.3 South Korea Non-grain oriented electrical steel Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Non-grain oriented electrical steel Market by Thickness
11.4.9.2 Vietnam Non-grain oriented electrical steel Market by Type
11.4.9.3 Vietnam Non-grain oriented electrical steel Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Non-grain oriented electrical steel Market by Thickness
11.4.10.2 Singapore Non-grain oriented electrical steel Market by Type
11.4.10.3 Singapore Non-grain oriented electrical steel Market by Application
11.4.11 Australia
11.4.11.1 Australia Non-grain oriented electrical steel Market by Thickness
11.4.11.2 Australia Non-grain oriented electrical steel Market by Type
11.4.11.3 Australia Non-grain oriented electrical steel Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Non-grain oriented electrical steel Market by Thickness
11.4.12.2 Rest of Asia-Pacific Non-grain oriented electrical steel Market by Type
11.4.12.3 Rest of Asia-Pacific Non-grain oriented electrical steel Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Non-grain oriented electrical steel Market by Country
11.5.1.2 Middle East Non-grain oriented electrical steel Market by Thickness
11.5.1.3 Middle East Non-grain oriented electrical steel Market by Type
11.5.1.4 Middle East Non-grain oriented electrical steel Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Non-grain oriented electrical steel Market by Thickness
11.5.1.5.2 UAE Non-grain oriented electrical steel Market by Type
11.5.1.5.3 UAE Non-grain oriented electrical steel Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Non-grain oriented electrical steel Market by Thickness
11.5.1.6.2 Egypt Non-grain oriented electrical steel Market by Type
11.5.1.6.3 Egypt Non-grain oriented electrical steel Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Non-grain oriented electrical steel Market by Thickness
11.5.1.7.2 Saudi Arabia Non-grain oriented electrical steel Market by Type
11.5.1.7.3 Saudi Arabia Non-grain oriented electrical steel Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Non-grain oriented electrical steel Market by Thickness
11.5.1.8.2 Qatar Non-grain oriented electrical steel Market by Type
11.5.1.8.3 Qatar Non-grain oriented electrical steel Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Non-grain oriented electrical steel Market by Thickness
11.5.1.9.2 Rest of Middle East Non-grain oriented electrical steel Market by Type
11.5.1.9.3 Rest of Middle East Non-grain oriented electrical steel Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Non-grain oriented electrical steel Market by Thickness
11.5.2.3 Africa Non-grain oriented electrical steel Market by Type
11.5.2.4 Africa Non-grain oriented electrical steel Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Non-grain oriented electrical steel Market by Thickness
11.5.2.5.2 Nigeria Non-grain oriented electrical steel Market by Type
11.5.2.5.3 Nigeria Non-grain oriented electrical steel Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Non-grain oriented electrical steel Market by Thickness
11.5.2.6.2 South Africa Non-grain oriented electrical steel Market by Type
11.5.2.6.3 South Africa Non-grain oriented electrical steel Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Non-grain oriented electrical steel Market by Thickness
11.5.2.7.2 Rest of Africa Non-grain oriented electrical steel Market by Type
11.5.2.7.3 Rest of Africa Non-grain oriented electrical steel Market by Application
11.6 Latin America
11.6.1 Latin America Non-grain oriented electrical steel Market by Country
11.6.2 Latin America Non-grain oriented electrical steel Market by Thickness Type
11.6.3 Latin America Non-grain oriented electrical steel Market by Type
11.6.4 Latin America Non-grain oriented electrical steel Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Non-grain oriented electrical steel by Thickness Type
11.6.5.2 Brazil America Non-grain oriented electrical steel by Type
11.6.5.3 Brazil America Non-grain oriented electrical steel by End User
11.6.6 Argentina
11.6.6.1 Argentina America Non-grain oriented electrical steel by Thickness Type
11.6.6.2 Argentina America Non-grain oriented electrical steel by Type
11.6.6.3 Argentina America Non-grain oriented electrical steel by End User
11.6.7 Colombia
11.6.7.1 Colombia America Non-grain oriented electrical steel by Thickness Type
11.6.7.2 Colombia America Non-grain oriented electrical steel by Type
11.6.7.3 Colombia America Non-grain oriented electrical steel by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Non-grain oriented electrical steel by Thickness Type
11.6.8.2 Rest of Latin America Non-grain oriented electrical steel by Type
11.6.8.3 Rest of Latin America Non-grain oriented electrical steel by End User
12 Company profile
12.1 Arcelor Mittal
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 POSCO
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 NLMK
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Shougang Group
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Nucor Corporation
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Tata Steel
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Nippon Steel Corporation
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 ThyssenKrupp Steel Europe
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Benxi Steel Group Co Ltd
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Baosteel Group Co
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Case and Best Practices
15. Conclusion
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