Product Code: ETC13129938 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Non-grain Oriented Electrical Steel Market was valued at USD 18 Billion in 2024 and is expected to reach USD 28 Billion by 2031, growing at a compound annual growth rate of 6.50% during the forecast period (2025-2031).
The Global Non-grain Oriented Electrical Steel Market is witnessing steady growth driven by the increasing demand for energy-efficient electrical equipment in various industries such as automotive, power generation, and consumer electronics. Non-grain oriented electrical steel is preferred for its superior magnetic properties, high electrical resistivity, and low core loss, making it ideal for use in transformers, electric motors, and generators. The market is also benefiting from the growing focus on renewable energy sources, leading to an upsurge in the production of wind turbines and electric vehicles, which require non-grain oriented electrical steel components. Key players in the market are focusing on product innovation, strategic partnerships, and expanding their production capacities to capitalize on the rising demand for high-quality non-grain oriented electrical steel globally.
The Global Non-grain Oriented Electrical Steel Market is witnessing significant growth driven by the increasing demand for energy-efficient electrical equipment and the rising adoption of electric vehicles. The market is experiencing a shift towards higher grades of non-grain oriented electrical steel due to their superior magnetic properties, which enhance the performance of electrical transformers and motors. Additionally, the emphasis on sustainability and renewable energy sources is driving the demand for non-grain oriented electrical steel in wind turbines and solar power generation systems. Opportunities in the market include technological advancements in production processes to improve efficiency and reduce costs, as well as expansion into emerging markets with growing industrial sectors. Collaboration with key players in the electric vehicle and renewable energy industries can also lead to strategic partnerships and market expansion.
The Global Non-grain Oriented Electrical Steel Market faces several challenges including intense competition among key players, fluctuating raw material prices, and evolving environmental regulations. The market is highly fragmented, with numerous manufacturers vying for market share, leading to pricing pressures and the need for constant innovation to stay ahead. Volatile prices of raw materials such as silicon and steel further impact profit margins and overall market stability. Additionally, stringent environmental regulations regarding emissions and waste disposal present a challenge for manufacturers to comply with sustainability standards while maintaining cost-effectiveness. Adapting to rapidly changing technologies and customer preferences also poses a challenge in this market, requiring continuous research and development efforts to meet evolving demands.
The Global Non-grain Oriented Electrical Steel Market is primarily driven by the increasing demand for energy-efficient electrical equipment and appliances across various industries. The growing focus on sustainable energy solutions, such as wind and solar power generation, has led to a rise in the production of transformers, motors, and generators, where non-grain oriented electrical steel is a crucial component. Additionally, the expanding automotive sector, driven by the electrification trend, is boosting the demand for non-grain oriented electrical steel for manufacturing electric vehicle components. Furthermore, advancements in technology, such as improvements in steel manufacturing processes and the development of high-performance electrical steels, are also driving market growth by enhancing the efficiency and performance of electrical equipment.
Government policies related to the Global Non-grain Oriented Electrical Steel Market typically focus on promoting domestic production, ensuring fair trade practices, and addressing environmental concerns. Many countries have implemented import tariffs or quotas to protect their domestic steel industries from foreign competition. Additionally, governments may provide subsidies or incentives to encourage investment in research and development for more sustainable production methods. Environmental regulations also play a significant role in shaping the market, with policies aimed at reducing carbon emissions and promoting energy efficiency influencing the demand for non-grain oriented electrical steel. Overall, government policies in this market sector aim to strike a balance between fostering economic growth, ensuring fair competition, and addressing environmental sustainability concerns.
The Global Non-grain Oriented Electrical Steel Market is projected to witness steady growth in the coming years due to increasing demand for energy-efficient electrical equipment across various industries such as automotive, energy, and consumer electronics. The rising adoption of electric vehicles and renewable energy sources is expected to drive the demand for non-grain oriented electrical steel, which offers high magnetic properties and low core losses. Technological advancements in the production processes and the focus on reducing carbon emissions are likely to further boost market growth. Additionally, the growing investments in infrastructure development and the expansion of the power sector in emerging economies are anticipated to create lucrative opportunities for market players in the global non-grain oriented electrical steel market.
In the Global Non-grain Oriented Electrical Steel Market, Asia holds the largest market share due to the rapid industrialization and urbanization in countries like China and India, driving the demand for electrical steel in the manufacturing sector. North America and Europe follow closely behind, with a strong presence of automotive and electronics industries contributing to the market growth. The Middle East and Africa region is experiencing a steady increase in demand for non-grain oriented electrical steel due to the development of infrastructure projects and investments in the energy sector. Latin America is also showing promising growth opportunities, fueled by the expansion of renewable energy projects and the growing automotive industry in countries like Brazil and Mexico. Overall, the global non-grain oriented electrical steel market is poised for significant growth across all regions.
Global Non-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 Non-grain Oriented Electrical Steel Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Global Non-grain Oriented Electrical Steel Market - Industry Life Cycle |
3.4 Global Non-grain Oriented Electrical Steel Market - Porter's Five Forces |
3.5 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.8 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global Non-grain Oriented Electrical Steel Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Global Non-grain Oriented Electrical Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Non-grain Oriented Electrical Steel Market Trends |
6 Global Non-grain Oriented Electrical Steel Market, 2021 - 2031 |
6.1 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Fully Processed, 2021 - 2031 |
6.1.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Semi-Processed, 2021 - 2031 |
6.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.23 MM, 2021 - 2031 |
6.2.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.27 MM, 2021 - 2031 |
6.2.4 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.30 MM, 2021 - 2031 |
6.2.5 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.35 MM, 2021 - 2031 |
6.2.6 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.5 MM, 2021 - 2031 |
6.2.7 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By 0.65 MM, 2021 - 2031 |
6.2.8 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Offline, 2021 - 2031 |
6.3.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Online, 2021 - 2031 |
6.4 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Transformers, 2021 - 2031 |
6.4.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Inductors, 2021 - 2031 |
6.4.4 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Battery, 2021 - 2031 |
6.4.5 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Filters, 2021 - 2031 |
6.4.6 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Motors, 2021 - 2031 |
6.4.7 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Electrical Ballasts, 2021 - 2031 |
6.4.8 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Power Generators, 2021 - 2031 |
6.4.9 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
6.5 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Energy and Power, 2021 - 2031 |
6.5.3 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.5.4 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Household Appliances, 2021 - 2031 |
6.5.5 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Building and Construction, 2021 - 2031 |
6.5.6 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Aviation, 2021 - 2031 |
6.5.7 Global Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Non-grain Oriented Electrical Steel Market, Overview & Analysis |
7.1 North America Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
7.2 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
7.5 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7.6 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
8 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Overview & Analysis |
8.1 Latin America (LATAM) Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
8.5 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8.6 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
9 Asia Non-grain Oriented Electrical Steel Market, Overview & Analysis |
9.1 Asia Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
9.5 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9.6 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
10 Africa Non-grain Oriented Electrical Steel Market, Overview & Analysis |
10.1 Africa Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
10.5 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10.6 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
11 Europe Non-grain Oriented Electrical Steel Market, Overview & Analysis |
11.1 Europe Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
11.5 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11.6 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
12 Middle East Non-grain Oriented Electrical Steel Market, Overview & Analysis |
12.1 Middle East Non-grain Oriented Electrical Steel Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Non-grain Oriented Electrical Steel Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Thickness, 2021 - 2031 |
12.5 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12.6 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East Non-grain Oriented Electrical Steel Market, Revenues & Volume, By End-User, 2021 - 2031 |
13 Global Non-grain Oriented Electrical Steel Market Key Performance Indicators |
14 Global Non-grain Oriented Electrical Steel Market - Export/Import By Countries Assessment |
15 Global Non-grain Oriented Electrical Steel Market - Opportunity Assessment |
15.1 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By Thickness, 2021 & 2031F |
15.4 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
15.5 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global Non-grain Oriented Electrical Steel Market Opportunity Assessment, By End-User, 2021 & 2031F |
16 Global Non-grain Oriented Electrical Steel Market - Competitive Landscape |
16.1 Global Non-grain Oriented Electrical Steel Market Revenue Share, By Companies, 2024 |
16.2 Global Non-grain Oriented Electrical Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |