Summary

Non Grain-Oriented Electrical Steel Trends and Forecast
The future of the global non grain-oriented electrical steel market looks promising with opportunities in the automotive, aviation, power and domestic appliance markets. The global non grain-oriented electrical steel market is expected to reach an estimated $23.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing need for high-frequency transformers, traction motors, and high-speed electric motors due to the hybrid electric vehicle, rising interest in energy-saving electrical equipment, and expansion of renewable energy sources.
Lucintel forecasts that semi processed is expected to witness the highest growth over the forecast period because it provides consumers with an alternative to fully treated electrical steel in terms of improved magnetization qualities and a decarburization annealing procedure for the development of final magnetic properties.
APAC is expected to witness highest growth over the forecast period due to growing urbanization and the rapidly expanding car industry, particularly for HEVs.

Emerging Trends in the Non Grain-Oriented Electrical Steel Market
The non-grain-oriented electrical steel market is undergoing a transformation that focuses on technological advancements, sustainability, and improved performance. These developments are rooted in the growing need for energy-efficient power devices and dynamic compliance landscape.
• High-Performance Steel Grades: The trend of manufacturing high-performance steel grades has been noticeable in the market. These are meant to have improved magnetic properties and reduced core losses hence making transformers and electric motors more efficient. This move has also been necessitated by the rising need for energy-efficient electrical systems.
• Advanced Processing Technologies: Advanced processing technologies that better non-grain-oriented electrical steels quality and performance are being adopted. As a result, methods such as improved hot rolling together with annealing processes are used to create steels with higher magnetic properties while minimizing energy losses.
• Focus on Sustainability: In the production of non-grain oriented electrical steel, sustainability is increasingly becoming important. In response to the pressure from the regulatory authority in matters environmental impacts and consumer demands for products that are sustainable, companies have invested heavily in eco-friendly technology and processes.
• Customization and Innovation: The market is experiencing an upsurge in customization as well as innovative development; thus producers come up with individualized solutions directed at specific performance requirements by users. This includes developing steels with unique magnetic properties and increased strength to satisfy various industries.
The non-grain-oriented electrical steel market is undergoing considerable transformation due to these emerging trends. High-performance grades of steel, advanced processing methods and the need for sustainability have increased the efficiency and reduced the environmental impact of electrical steels. Moreover, product innovation and production capabilities are driven by customization as well as smart technologies and this in turn affects market dynamics among other forces that reshape them with respect to changing demands within this industry.

Recent Developments in the Non Grain-Oriented Electrical Steel Market
Important progress has been made on non-grain-oriented electrical steel lately, which shows the significant strides that have been taken in terms of technology and production methodologies. These developments are geared towards enhancing the performance, productivity as well as environmental friendliness of electric steel in meeting rising market needs and regulatory requirements.
• Development of Ultra-Low Core Loss Steels: In order to increase energy efficiency in electrical components, manufacturers are putting their efforts into developing ultra-low core loss steels. These steels have intensified magnetic properties that lessen the amount of energy wasted by these machines like transformers and motors meeting the demand for highly efficient electric systems.
• Advancements in Steel Processing Techniques: The development and improvement of annealing and rolling processes for non-grain-oriented electrical steel have seen improved quality in its production. This is due to further success on better magnetism and reduced core losses, leading to the manufacturing of high performance electrical components.
• Increase in Production Capacities: Moreover, there has been a noticeable rise in production capacities for non-grain oriented electrical steel underpinned by increased demands from both domestic and international markets. Consequently, investment made towards expanding production facilities is helping manufacturers meet increasing market requirements as well as improve supply chain efficacy.
• Focus on Eco-Friendly Manufacturing: Today this industry highly values sustainable methods. The reason is that regulations regarding environment are becoming stringent hence customers prefer environmentally friendly products. This includes embracing cleaner technologies and processes so as to minimize environmental effects owing to strict environmental regulations together with an escalating consumer demand for green goods.
Product performance, production efficiency and sustainability are being improved by new trends in the non-grain-oriented electrical steel market. The market is driven by some changes such as increased production capacities, advancement in the core loss reduction and steel processing techniques. This is supported by an emphasis on environmentally friendly manufacturing processes and customization as a way of responding to changing consumer needs and strict regulations.
Strategic Growth Opportunities for Non Grain-Oriented Electrical Steel Market
Strategic growth opportunities in the non-grain-oriented electrical steel market are emerging across various applications due to technological advancements and shifting industry demands. Identifying these opportunities helps stakeholders leverage market trends and expand their business potential.
• Transformers Application Expansion: The demand for energy-efficient and high-performance transformers has created a way in the transformer industry. It is imperative that manufacturers use non-grain-oriented electrical steel, which has low core losses and high magnetic properties, to meet these needs.
• The growth of electric vehicles is opening up significant opportunities in EV motor sector. Non-grain-oriented electrical steel plays a critical role in improving the efficiency and performance of EV motors; this calls for high-quality electrical steels customized for this application.
• Renewable Energy Systems Development: The development of renewable energy systems such as wind and solar power offers opportunities for non-grain oriented electrical steel. There is also a need for efficient transformers and other components, resulting in an increased demand for advanced steel products that can deliver on performance standards and efficiency criteria.
• Investment in Advanced Manufacturing Technologies: Investment in advanced manufacturing technologies drives growth by enhancing production efficiency and quality of non-grained oriented electrical steel. Through automation, improved sensing capabilities as well as data analytics firms are able to improve their products’ functionality, operational efficiencies among others.
Strategic growth opportunities shape the non-grain-oriented electrical steel market through driving demand in key areas such as power transformers, motors for electric vehicles (EV) and renewable energy systems. Moreover, advanced production technologies are being invested in; emerging markets are being explored to expand the potential of growth. By taking advantage of these factors of opportunity stakeholders can be able to take advantage of changing market trends and meet ever-changing industrial demands.

Non Grain-Oriented Electrical Steel Market Driver and Challenges
The non-grain-oriented electrical steel market is influenced by various drivers and challenges, including technological advancements, economic factors, and regulatory pressures. Understanding these factors is crucial for navigating the market and achieving growth.
The factors responsible for driving the non grain-oriented electrical steel market include:
1. Technological Advancements: Technological development, such as impacts in the manufacture of steel and the betterment of magnates’ qualities, is a significant cause for growth. With these improvements, it becomes possible to produce high-performance electrical steels having low core losses in order to satisfy the increasing demand of energy-efficient electrical components.
2. Growing Demand for Energy Efficiency: The search for energy efficient electrical systems is driving demand for high quality Non-Grain-Oriented Electrical Steels (NGOES). This trend has been driven by efforts from different countries to enhance efficiency in transformers, motors among other electric appliances thereby leading to market expansion.
3. Regulatory Pressures for Sustainability: Regulatory pressures are affecting the market due to environmental sustainability. Manufacturing firms must use environmentally friendly practices and minimize their production activities’ impact on the environment; hence, this pushes them towards sustainable non-grain-oriented electrical steel products.
Challenges in the non grain-oriented electrical steel market are:
1. Economic Fluctuations: Economic fluctuations like changes in raw material costs, and global trade dynamics make non-grain oriented electrical steel market difficult. Changes in the prices of key raw inputs such as iron ore and energy can affect firm production costs and market prices. Furthermore, trade policies and economic instability can disrupt supply chains and access to markets hence affecting the overall performance of the industry.
2. Intense Competition: The non-grain oriented electrical steel sector is highly competitive among manufacturers. Manufacturers have to be engaged constantly in innovation to improve their product lines. In order to do this, companies must invest heavily in research and development leading to better quality products with higher performance standards. Moreover, it also encourages cost control by manufacturers amidst rising competition and commitment towards profit making.
The non-grain-oriented electrical steel market has several drivers and obstacles that come into play. Market growth is driven by technological developments while at the same time the pressure from regulation has been put on firms for eco-friendly products that are more sustainable. While production costs are being affected by economic fluctuations as well as intense competition taking place during production processes; thus influencing market dynamics within it. Therefore these factors combined shape how companies behave within a dynamic space where adaptation through strategies becomes important for survival so as to meet customers’ needs.
List of Non Grain-Oriented Electrical Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies non grain-oriented electrical steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the non grain-oriented electrical steel companies profiled in this report include-
• Pohang Iron and Steel Company
• Jiangsu Shagang Group
• ArcelorMittal
• Nippon Steel & Sumitomo Metal
• The United States Steel

Non Grain-Oriented Electrical Steel by Segment
The study includes a forecast for the global non grain-oriented electrical steel by product type, application, end use, and region.
Non Grain-Oriented Electrical Steel Market by Product Type [Analysis by Value from 2018 to 2030]:
• Semi Processed
• Fully Processed Product

Non Grain-Oriented Electrical Steel Market by Application [Analysis by Value from 2018 to 2030]:
• Inductors
• Transformers
• Motors
• Others

Non Grain-Oriented Electrical Steel Market by End Use [Analysis by Value from 2018 to 2030]:
• Automotive
• Aviation
• Power
• Domestic Appliances



Non Grain-Oriented Electrical Steel Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Non Grain-Oriented Electrical Steel Market
The non grain–oriented electrical steel market is changing fast because of technological advancements and a shift in industrial demand. The most important markets for this type of steel, which is crucial for the production of transformers and electric motors, are witnessing significant developments in countries such as the United States, China, Germany, India, and Japan. These changes are driven by increased focus on energy efficiency, advances in steel processing technologies and environmental pressures from regulations.
• United States: In the U.S. non-grain-oriented electrical steel market, there has been growth in recent times due to advancements in steel processing technology and increasing demand for energy saving electrical components. Magnetic properties improvement as well as core losses reduction are the areas manufacturers concentrate on while dealing with electrical steel. There have also been notable investments aimed at producing higher grade steels that meet modern transformers and motors’ demanding performance requirements.
• China: China is making significant achievements in its non-grain oriented electrical steel market by concentrating on expanding production capacities and improving quality of steel. Energy efficiency of electrical steels is being improved through investment in new technologies and processes by this country. Moreover, advanced grades of steels that can be used in high-performance electric applications are being developed to meet domestic and international energy efficiency standards.
• Germany: Germany’s non-grain-oriented electrical steel market is characterized by a drive towards environmental sustainability and excellence when it comes to performance. German producers are investing in advanced processing techniques for low loss magnetic cores that possess better magnetic properties. Additionally, they focus on eco-friendly manufacturing processes due to strict European regulations and increased need for energy efficient power systems.
• India: The Indian market for non grain oriented electrical steel is growing due to industrialization process enhancement as well as infrastructure development activities. Indian manufacturers are investing in upgrading their facilities so that they could produce better quality and more efficient electrical steels. For India’s infrastructure and industrial development it is important to improve the grades of steels as well as the efficiency of production because these factors affect both domestic and international markets.
• Japan: Japan has made strides towards becoming an advanced nation regarding production methods used in the field of non-grain oriented electrical steels . Japanese manufacturers are leading other nations in making high-end electric satiation products which have got outstanding magnetic characteristics along with low hysteresis losses. Furthermore, advanced technologies have been integrated to enhance production efficiency and meet high energy efficiency standards of the domestic and global markets.
Features of the Global Non Grain-Oriented Electrical Steel Market
Market Size Estimates: Non grain-oriented electrical steel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Non grain-oriented electrical steel market size by product type, application, end use, and region in terms of value ($B).
Regional Analysis: Non grain-oriented electrical steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, end use, and regions for the non grain-oriented electrical steel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the non grain-oriented electrical steel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the non grain-oriented electrical steel market size?
Answer: The global non grain-oriented electrical steel market is expected to reach an estimated $23.4 billion by 2030.
Q2. What is the growth forecast for non grain-oriented electrical steel market?
Answer: The global non grain-oriented electrical steel market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the non grain-oriented electrical steel market?
Answer: The major drivers for this market are growing need for high-frequency transformers, traction motors, and high-speed electric motors due to the hybrid electric vehicle, rising interest in energy-saving electrical equipment, and expansion of renewable energy sources.
Q4. What are the major segments for non grain-oriented electrical steel market?
Answer: The future of the global non grain-oriented electrical steel market looks promising with opportunities in the automotive, aviation, power and domestic appliance markets.
Q5. Who are the key non grain-oriented electrical steel market companies?
Answer: Some of the key non grain-oriented electrical steel companies are as follows:
• Pohang Iron and Steel Company
• Jiangsu Shagang Group
• ArcelorMittal
• Nippon Steel & Sumitomo Metal
• The United States Steel
Q6. Which non grain-oriented electrical steel market segment will be the largest in future?
Answer: Lucintel forecasts that semi processed is expected to witness the highest growth over the forecast period because it provides consumers with an alternative to fully treated electrical steel in terms of improved magnetization qualities and a decarburization annealing procedure for the development of final magnetic properties.
Q7. In non grain-oriented electrical steel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing urbanization and the rapidly expanding car industry, particularly for HEVs.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the non grain-oriented electrical steel market by product type (semi processed and fully processed product), application (inductors, transformers, motors, and others), end use (automotive, aviation, power, and domestic appliances), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

ページTOPに戻る

Table of Contents

Table of Contents

1. Executive Summary

2. Global Non Grain-Oriented Electrical Steel Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Non Grain-Oriented Electrical Steel Market Trends (2018-2023) and Forecast (2024-2030)

3.3: Global Non Grain-Oriented Electrical Steel Market by Product Type
3.3.1: Semi Processed
3.3.2: Fully Processed Product








3.4: Global Non Grain-Oriented Electrical Steel Market by Application
3.4.1: Inductors
3.4.2: Transformers
3.4.3: Motors
3.4.4: Others






3.5: Global Non Grain-Oriented Electrical Steel Market by End Use
3.5.1: Automotive
3.5.2: Aviation
3.5.3: Power
3.5.4: Domestic Appliances
















4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Non Grain-Oriented Electrical Steel Market by Region
4.2: North American Non Grain-Oriented Electrical Steel Market
4.2.1: North American Non Grain-Oriented Electrical Steel Market by Product Type: Semi Processed and Fully Processed Product
4.2.2: North American Non Grain-Oriented Electrical Steel Market by End Use: Automotive, Aviation, Power, and Domestic Appliances


4.3: European Non Grain-Oriented Electrical Steel Market
4.3.1: European Non Grain-Oriented Electrical Steel Market by Product Type: Semi Processed and Fully Processed Product
4.3.2: European Non Grain-Oriented Electrical Steel Market by End Use: Automotive, Aviation, Power, and Domestic Appliances


4.4: APAC Non Grain-Oriented Electrical Steel Market
4.4.1: APAC Non Grain-Oriented Electrical Steel Market by Product Type: Semi Processed and Fully Processed Product
4.4.2: APAC Non Grain-Oriented Electrical Steel Market by End Use: Automotive, Aviation, Power, and Domestic Appliances


4.5: ROW Non Grain-Oriented Electrical Steel Market
4.5.1: ROW Non Grain-Oriented Electrical Steel Market by Product Type: Semi Processed and Fully Processed Product
4.5.2: ROW Non Grain-Oriented Electrical Steel Market by End Use: Automotive, Aviation, Power, and Domestic Appliances


5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Non Grain-Oriented Electrical Steel Market by Product Type
6.1.2: Growth Opportunities for the Global Non Grain-Oriented Electrical Steel Market by Application
6.1.3: Growth Opportunities for the Global Non Grain-Oriented Electrical Steel Market by End Use
6.1.4: Growth Opportunities for the Global Non Grain-Oriented Electrical Steel Market by Region

6.2: Emerging Trends in the Global Non Grain-Oriented Electrical Steel Market

6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Non Grain-Oriented Electrical Steel Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Non Grain-Oriented Electrical Steel Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Pohang Iron and Steel Company
7.2: Jiangsu Shagang Group
7.1.1: ArcelorMittal
7.4: Nippon Steel & Sumitomo Metal
7.5: The United States Steel