Non-Grain Oriented Electrical Steel Market Report 2026

Non-Grain Oriented Electrical Steel Market Overview

• Non-Grain Oriented Electrical Steel market size has reached to $15.31 billion in 2025 • Expected to grow to $19.59 billion in 2030 at a compound annual growth rate (CAGR) of 5.1% • Growth Driver: Electric Vehicle Surge Propels Growth In Non-Grain-Oriented Electrical Steel Market • Market Trend: Market Leaders Drive Efficiency With Lightweight Non-Grain-Oriented Electrical Steel Innovations • Asia Pacific was the largest region in 2025.

What Is Covered Under Non-Grain Oriented Electrical Steel Market?

Non-grain-oriented electrical steel, also known as electrical steel, laminate steel, core iron, and silicon steel, is a type of specialty steel designed to generate certain magnetic qualities such as minimal hysteresis or high permeability loss. Non-grain-oriented electrical steel has magnetic characteristics that are uniform in all directions. They are key materials in rotating devices ranging from tiny precision electric motors to massive power generators. The main product types of non-grain-oriented electrical steel are fully processed and semi-processed. Semi-processed electrical steels are completed by the manufacturer to their final thickness and shape (sheets or coils), but they are not fully annealed to achieve their final magnetic properties. The various thicknesses includes 0.35 mm, 0.5 mm, 0.65 mm, and others. These are used by various applications such as inductors, transformers, motors, and others and are used by various end users such as the automotive industry, aviation, power, domestic appliances, and others.

What Is The Non-Grain Oriented Electrical Steel Market Growth Forecast?

The non-grain oriented electrical steel market size is expected to see strong growth in the next few years. It will grow to $19.59 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rising use in electric vehicles, demand for energy-efficient motors, growth in aviation sector, increasing renewable energy projects, advancements in steel processing technology. Major trends in the forecast period include high-permeability steel development, reduction of core loss in transformers, enhanced magnetic properties for motors, adoption in energy-efficient electrical devices, customization for automotive and aviation applications.

Global Non-Grain Oriented Electrical Steel Market Segmentation

1) By Product: Fully Processed, Semi-processed 2) By Thickness: 0.35 mm, 0.5 mm, 0.65 mm, Other Thickness 3) By Application: Electric Motors, Generators & Alternators, Automotive Electrical Machines 4) By End User: Automotive Industry, Domestic Appliances, Electrical Machinery & Equipment Manufacturers Subsegments: 1) By Fully Processed: Cold Rolled Electrical Steel, High-Grade Fully Processed NGO Electrical Steel (High-Efficiency Grades) 2) By Semi-Processed: Cold Rolled Non-Grain Oriented Steel, Anneal-After-Punching (AAP) NGO Electrical Steel

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

The rising adoption of electric vehicles (EV) is expected to propel the growth of the non-grain-oriented electrical steel market going forward. The electric vehicle is an automotive that can be powered by an electric motor that takes electricity from a battery and can be charged from an external source. The non-oriented electrical steel enhances the performance of the electric motor used as the core material in electric vehicles, as a result, the rising adoption of electric vehicles increases the demand for non-grain oriented electrical steel. For instance, in January 2024, according to a report published by Kelley Blue Book, a US-based Cox Automotive company, in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, which accounted for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, the rising adoption of electric vehicles drives the non-grain-oriented electrical steel market.

Key Players In The Global Non-Grain Oriented Electrical Steel Market

Major companies operating in the non-grain oriented electrical steel market report are Thyssenkrupp AG, ArcelorMittal SA, Nippon Steel Corporation, POSCO (Pohang Iron and Steel Company), JFE Steel Corporation, Baosteel Group Corporation, China Baowu Steel Group Corporation Limited, Ansteel Group Corporation Limited, Shougang Group Co. Ltd., Shagang Group Co. Ltd., Tata Steel Limited, United States Steel Corporation, Voestalpine AG, Novolipetsk Steel (NLMK), Benxi Steel Group Co. Ltd., Taiyuan Iron and Steel Co. Ltd., AK Steel Corporation, Aperam S.A., Arnold Magnetic Technologies Corporation, CSC Steel Corporation, Yieh Corporation

Global Non-Grain Oriented Electrical Steel Market Trends and Insights

Major companies operating in the non-grain oriented electrical steel market are focusing on manufacturing lightweight non-grain-oriented electrical steel market. Light-weight non-grain-oriented electrical steel improves the efficiency of motors and electric vehicles which use this steel. For instance, in March 2023, United States Steel Corporation a US-based integrated steel producer, launched a new electrical steel product, InduX. The ultra-thin, lightweight, and extremely wide InduX electrical steel has all the magnetic qualities required for electric vehicles (EVs), generators, and transformers. Better magnetic qualities translate into higher motor efficiency and higher mileage for an electric car (EV).

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

In February 2024, Jindal Steel and Power Limited, an India-based steel company partnered with JFE Steel Corporation. The partnership aims to create a joint venture, JSW JFE Electrical Steel Private Limited, to manufacture grain-oriented electrical steel in India. This collaboration is focused on addressing the rising domestic demand for this specialized steel, strengthening India's energy infrastructure, and becoming the first company in the nation to offer end-to-end production of grain-oriented electrical steel products. JFE Steel Corporation is a Japan-based electrical steel manufacturer company.

Regional Outlook

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

What Defines the Non-Grain Oriented Electrical Steel Market?

The non-grain-oriented electrical steel market consists of sales of high-strength non-grain-oriented electrical steel and cold-rolled non-grain-oriented electrical steel. 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 Non-Grain Oriented Electrical Steel Market Report 2026?

The non-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 Market Report 2026?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 non-grain oriented electrical steel Market Report 2026? 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 Market Report 2026?