| Product Code: ETC13131237 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Grain Oriented Electrical Steel Market was valued at USD 18.2 Billion in 2024 and is expected to reach USD 25 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).
The Global Grain Oriented Electrical Steel Market is witnessing steady growth driven by increasing demand for energy-efficient electrical equipment in industries such as automotive, energy, and power generation. Grain oriented electrical steel is a specialized type of steel that is manufactured to possess specific magnetic properties, making it suitable for use in transformers, electric motors, and generators. The market is also benefiting from advancements in manufacturing technologies, leading to the development of high-performance and cost-effective electrical steel products. Key players in the market are focusing on product innovation and strategic partnerships to expand their market presence. Additionally, the growing emphasis on renewable energy sources such as wind and solar power is expected to further boost the demand for grain oriented electrical steel in the coming years.
The Global Grain Oriented Electrical Steel Market is experiencing steady growth driven by increasing demand for energy-efficient transformers in the power sector, particularly in emerging economies. The market is witnessing a shift towards higher grades of grain-oriented electrical steel with improved magnetic properties to enhance energy efficiency and reduce losses. Technological advancements in manufacturing processes, such as laser scribing and insulation coatings, are also driving market growth. Opportunities lie in the development of new applications in electric vehicles, renewable energy systems, and smart grids, as well as the increasing focus on sustainability and environmental regulations. Key players in the market are focusing on research and development activities to introduce innovative products and expand their market presence globally.
In the Global Grain Oriented Electrical Steel Market, one of the key challenges faced is the volatility in raw material prices, particularly in the prices of iron ore and coal. This volatility can directly impact the production costs of grain oriented electrical steel manufacturers, leading to fluctuations in product pricing and margins. Additionally, the market is highly competitive, with key players constantly innovating to improve product quality and efficiency, which can make it challenging for smaller players to gain a foothold. Furthermore, the stringent regulations and trade policies related to the steel industry in various countries can also pose obstacles for market growth and expansion. Overall, navigating these challenges requires companies in the global grain oriented electrical steel market to have a robust risk management strategy and a strong focus on innovation and cost optimization.
The Global Grain Oriented Electrical Steel Market is primarily driven by the increasing demand for energy-efficient electrical transformers and power distribution systems. The growing emphasis on renewable energy sources and the expansion of the power sector in developing regions are fueling the demand for grain-oriented electrical steel, which offers superior magnetic properties for efficient electricity transmission. Additionally, the rising investments in infrastructure projects, such as smart grids and electric vehicle charging stations, are driving the market growth. Technological advancements in material design and manufacturing processes are also contributing to the expansion of the market, as manufacturers focus on developing high-performance grain-oriented electrical steel products to meet the evolving needs of the energy sector.
Government policies related to the Global Grain Oriented Electrical Steel Market focus on promoting domestic production, ensuring fair trade practices, and addressing environmental concerns. Many countries have implemented tariffs and import restrictions to protect their domestic industries from unfair competition. Additionally, regulations related to energy efficiency and carbon emissions are driving the demand for grain-oriented electrical steel in the power generation and distribution sectors. Governments are also investing in research and development initiatives to improve the quality and performance of electrical steel products. Overall, government policies play a crucial role in shaping the market dynamics of the Global Grain Oriented Electrical Steel Market, influencing production, pricing, and trade patterns.
The Global Grain Oriented Electrical Steel Market is expected to witness steady growth in the coming years, driven by increasing demand for energy-efficient electrical equipment in sectors such as power generation, distribution, and transportation. The growing focus on renewable energy sources, smart grid infrastructure development, and the expansion of the automotive industry are key factors contributing to the market`s expansion. Additionally, advancements in electrical steel manufacturing technologies and the rising adoption of electric vehicles are likely to further boost market growth. However, challenges such as fluctuating raw material prices and competition from alternative materials may hinder market progression. Overall, the market is anticipated to experience moderate growth as industries continue to prioritize energy efficiency and sustainability in their operations.
In the Global Grain Oriented Electrical Steel Market, Asia holds the largest share due to the presence of major manufacturing hubs like China, Japan, and South Korea. These countries are witnessing a surge in demand for electrical steel in the automotive and energy sectors. North America and Europe also have significant market presence with a focus on technological advancements and sustainable practices in electrical steel production. The Middle East and Africa region is expected to experience steady growth, driven by infrastructural developments and increasing investments in the power sector. Latin America is showing promising growth opportunities with the expansion of industrial activities and the adoption of energy-efficient solutions, fostering the demand for grain-oriented electrical steel in the region.
Global Grain Oriented Electrical Steel Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Grain Oriented Electrical Steel Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Grain Oriented Electrical Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Global Grain Oriented Electrical Steel Market - Industry Life Cycle |
3.4 Global Grain Oriented Electrical Steel Market - Porter's Five Forces |
3.5 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.8 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.9 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Silicone Content, 2021 & 2031F |
3.10 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.11 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.12 Global Grain Oriented Electrical Steel Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Global Grain Oriented Electrical Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Grain Oriented Electrical Steel Market Trends |
6 Global Grain Oriented Electrical Steel Market, 2021 - 2031 |
6.1 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Domain Refined, 2021 - 2031 |
6.1.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By High Magnetic Strength, 2021 - 2031 |
6.1.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Conventional, 2021 - 2031 |
6.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.23 MM, 2021 - 2031 |
6.2.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.27 MM, 2021 - 2031 |
6.2.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.30 MM, 2021 - 2031 |
6.2.5 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.35 MM, 2021 - 2031 |
6.2.6 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.5 MM, 2021 - 2031 |
6.2.7 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 0.65 MM, 2021 - 2031 |
6.2.8 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Laminated Sheets, 2021 - 2031 |
6.3.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Wounds Sheets, 2021 - 2031 |
6.3.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Punched Sheets, 2021 - 2031 |
6.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Below 3%, 2021 - 2031 |
6.4.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By 3% or More, 2021 - 2031 |
6.5 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Online, 2021 - 2031 |
6.5.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Offline, 2021 - 2031 |
6.6 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
6.6.1 Overview & Analysis |
6.6.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Transformers, 2021 - 2031 |
6.6.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Power Generators, 2021 - 2031 |
6.6.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Motors, 2021 - 2031 |
6.6.5 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Battery, 2021 - 2031 |
6.6.6 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Shunt Reactor, 2021 - 2031 |
6.6.7 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Wound Cores, 2021 - 2031 |
6.6.8 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
6.7 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
6.7.1 Overview & Analysis |
6.7.2 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Energy and Power, 2021 - 2031 |
6.7.3 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.7.4 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Household Appliances, 2021 - 2031 |
6.7.5 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Building and Construction, 2021 - 2031 |
6.7.6 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Aviation, 2021 - 2031 |
6.7.7 Global Grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Grain Oriented Electrical Steel Market, Overview & Analysis |
7.1 North America Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
7.2 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
7.5 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
7.6 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
7.7 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7.8 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
7.9 North America Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
8 Latin America (LATAM) Grain Oriented Electrical Steel Market, Overview & Analysis |
8.1 Latin America (LATAM) Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
8.5 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
8.6 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
8.7 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8.8 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
8.9 Latin America (LATAM) Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
9 Asia Grain Oriented Electrical Steel Market, Overview & Analysis |
9.1 Asia Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
9.5 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
9.6 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
9.7 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9.8 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
9.9 Asia Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
10 Africa Grain Oriented Electrical Steel Market, Overview & Analysis |
10.1 Africa Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
10.5 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
10.6 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
10.7 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10.8 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
10.9 Africa Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
11 Europe Grain Oriented Electrical Steel Market, Overview & Analysis |
11.1 Europe Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
11.5 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
11.6 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
11.7 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11.8 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
11.9 Europe Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
12 Middle East Grain Oriented Electrical Steel Market, Overview & Analysis |
12.1 Middle East Grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
12.5 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Form, 2021 - 2031 |
12.6 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Silicone Content, 2021 - 2031 |
12.7 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12.8 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
12.9 Middle East Grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
13 Global Grain Oriented Electrical Steel Market Key Performance Indicators |
14 Global Grain Oriented Electrical Steel Market - Export/Import By Countries Assessment |
15 Global Grain Oriented Electrical Steel Market - Opportunity Assessment |
15.1 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Thickness, 2021 & 2031F |
15.4 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Form, 2021 & 2031F |
15.5 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Silicone Content, 2021 & 2031F |
15.6 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
15.7 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
15.8 Global Grain Oriented Electrical Steel Market Opportunity Assessment, By End-User, 2021 & 2031F |
16 Global Grain Oriented Electrical Steel Market - Competitive Landscape |
16.1 Global Grain Oriented Electrical Steel Market Revenue Share, By Companies, 2024 |
16.2 Global Grain Oriented Electrical Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |