Grain Oriented Electrical Steel Market Report 2026

Grain Oriented Electrical Steel Market Overview

• Grain Oriented Electrical Steel market size has reached to $7.41 billion in 2025 • Expected to grow to $8.58 billion in 2030 at a compound annual growth rate (CAGR) of 3.1% • Growth Driver: Increasing Industrialization Fuels Growth in the Grain-Oriented Electrical Steel (GOES) Market • Market Trend: Strategic Partnership And Development In The Grain-Oriented Electrical Steel Market • Asia-Pacific was the largest region in 2025.

What Is Covered Under Grain Oriented Electrical Steel Market?

Grain-oriented electrical steel is a specialized type of steel and a vital component in the production of energy-efficient transformers and large, high-performance generators. It is mainly employed in instrument and current transformers, power, and high-voltage direct current transmission cores. The main types of products in grain-oriented electrical steel are high magnetic strength, conventional, and domain refinement. High magnetic strength steel refers to a type of alloy steel that has better mechanical qualities and higher corrosion resistance than normal carbon steel. These are used for several applications, including transformers, power generators, motors, and others. The main end-users are electrical steel for automobiles, electrical steel for manufacturing, electrical steel for energy generation, electrical steel for household appliances, and others.

What Is The Grain Oriented Electrical Steel Market Growth Forecast?

The grain oriented electrical steel market size is expected to see steady growth in the next few years. It will grow to $8.58 billion in 2030 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to rising demand for energy-efficient transformer cores, expansion of renewable energy transmission networks, development of high-performance electrical steel grades, modernization of grid infrastructure, increasing adoption of advanced domain-refined materials. Major trends in the forecast period include adoption of sustainable transformer core materials, expansion of electrification infrastructure, advancement of intelligent steel processing systems, integration of smart grid-ready electrical steels, development of robotics-enabled steel manufacturing.

Global Grain Oriented Electrical Steel Market Segmentation

1) By Type: High Magnetic Strength, Conventional, Domain Refinement 2) By Application: Transformer, Power Generator, Motor, Other Applications 3) By End-User: Electrical Steel For Automobiles, Electrical Steel For Manufacturing, Electrical Steel For Energy Generation, Electrical Steel For Household Appliances, Electrical Steel For Other End Uses Subsegments: 1) By High Magnetic Strength: High Performance Grades, Ultra-Low Loss Grades, High Efficiency Grades 2) By Conventional: Standard Grades, Basic Grades For Transformer Applications, General Purpose Grades 3) By Domain Refinement: Thin Gauge Grades, High-Performance Domain Refined Grades, Grades For High-Frequency Applications

What Is The Driver Of The Grain Oriented Electrical Steel Market?

The increasing industrialization is expected to propel the growth of the grain-oriented electrical steel (GOES) market going forward. Industrialization refers to the process of economic and social transformation that is characterized by the widespread adoption of industrial methods of production. As industrialization increases, there is a higher demand for electrical power and energy infrastructure. Industries require efficient and reliable electrical systems to power machinery, equipment, and other operations. For example, in September 2023, according to the National Bureau of Statistics of China, a China-based government agency, industrial production in China rose 4.5% in August from a year earlier, up from a 3.7% increase in July. Therefore, the increasing industrialization is driving the growth of the grain-oriented electrical steel (GOES) market.

Key Players In The Global Grain Oriented Electrical Steel Market

Major companies operating in the grain oriented electrical steel market are Thyssenkrupp AG, POSCO International Corporation, Nippon Steel Corporation, JFE Steel Corporation, NLMK Group, Baowu Group, AK Steel Holdings Corporation, Tata Steel Limited, ArcelorMittal, Shougang Group Co Ltd., Cleveland-Cliffs Inc., Aperam SA, TC Metal Co, Mapes & Sprowl Steel LLC, Tempel Steel, China Baowu Steel Group Corp Ltd., Gerdau S.A., Allegheny Technologies Incorporated, United States Steel Corporation, Voestalpine Group, CSC Steel Sdn. Bhd., Kobe Steel Ltd., Sumitomo Metal Industries Ltd., Baosteel Group Corporation, Jindal Steel and Power Limited, JSW Steel Ltd., Essar Steel, Cogent Power Limited, Ansteel Group Corporation Limited, Baoshan Iron & Steel Co. Ltd., Benxi Iron and Steel Group Co. Ltd., Hebei Iron and Steel Group Co. Ltd., Hunan Valin Steel Co. Ltd., Jiangsu Shagang Group Co. Ltd., Maanshan Iron & Steel Company Limited, Shandong Iron and Steel Group Co. Ltd., Tata Iron and Steel Company Limited, World Industrial Specialty Company Inc, Wuhan Iron and Steel (Group) Corp.

Global Grain Oriented Electrical Steel Market Trends and Insights

Major companies operating in the grain-oriented electrical steel market are entering into strategic partnerships and collaborations to sustain their position in the market. Strategic partnerships are collaborative relationships formed between two or more organizations to achieve specific business objectives or goals. For instance, in February 2024, JSW Steel Limited, an India-based steel company partnered with JFE Steel Corporation, a Japan-based steel company. With this partnership, they aim to produce grain-oriented electrical steel (GOES) in India, with full production expected to commence by 2027. This joint venture not only addresses immediate market needs but also positions both JSW Steel and JFE Steel strategically for future growth in a sector increasingly focused on sustainability and energy efficiency.

What Are Latest Mergers And Acquisitions In The Grain Oriented Electrical Steel Market?

In October 2024, JFE Steel Corporation, a Japan-based integrated steel producer, through its joint venture JSW JFE Electrical Steel Private Limited, acquired thyssenkrupp Electrical Steel India Private Limited for approximately $485 million( ₹40.5 billion) (). Through this acquisition, the JFE Steel and JSW Steel consortium aims to establish an integrated manufacturing system for grain-oriented electrical steel sheets (GOES) in India to meet the country's growing demand for power generation and transmission and enter the market earlier than originally planned. Thyssenkrupp Electrical Steel is an India-based company manufacturing and selling cold-rolled grain-oriented electrical steel sheets.

Regional Outlook

Asia-Pacific was the largest region in the global grain-oriented electrical steel market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Grain Oriented Electrical Steel Market?

The grain-oriented electrical steel market consists of sales of wound cores, laminations, cold-rolled steel, goss texture, metal cladding, and silicon steels. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Grain Oriented Electrical Steel Market Report 2026?

The grain oriented electrical steel market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the grain oriented electrical steel industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.