Global Non-Grain Oriented Electrical Steel Market Size By Thickness (035mm, 0.5mm), By Type (Semi-processed, Fully Processed), By Application (Household Appliances, AC Motor), By Geographic Scope And Forecast

Non-Grain Oriented Electrical Steel Market Size And Forecast

Non-Grain Oriented Electrical Steel Market size was valued at USD 17.39 Billion in 2023 and is projected to reach USD 25.69 Billion by 2031, growing at a CAGR of 5.0% from 2024 to 2031.

• Non-Grain Oriented Electrical Steel (NGOES) is a soft magnetic material principally utilized in the manufacture of electrical components such as motors, transformers, and generators. Unlike grain-oriented electrical steel, which is tuned for directional magnetic properties, NGOES is intended to have consistent magnetic properties in all directions. This feature makes it perfect for applications where the magnetic field changes direction, such as electric motors and generators.
• NGOES has numerous applications in electrical and electronic equipment where efficient energy conversion is essential. Its low core losses and strong magnetic permeability make it ideal for usage in motor and transformer cores. NGOES in motors helps reduce energy loss due to eddy currents and hysteresis, hence increasing efficiency. It helps reduce the overall size and weight of transformers while maintaining great energy transfer efficiency. Furthermore, NGOES is used in small components such as sensors and actuators in automotive and manufacturing applications.
• The future of NGOES is in its continuing evolution to fulfill increasingly severe efficiency and performance demands in electrical equipment. Advances in manufacturing techniques aim to improve its magnetic characteristics, reduce material losses, and boost energy efficiency.
• Furthermore, as the demand for electric vehicles (EVs) and renewable energy sources increases, non-governmental organizations (NGOs) will play an important role in creating efficient motors, generators, and power electronics required for these technologies. Research and development activities also focus on investigating novel alloy compositions and manufacturing methods to fulfill the changing needs of next-generation electrical applications.

 Global Non-Grain Oriented Electrical Steel Market Dynamics

The key market dynamics that are shaping the global non-grain-oriented electrical steel market include

Key Market Drivers

• Rising Adoption of Electric Vehicles (EVs)The transition to electric vehicles necessitates the use of advanced electrical steel materials such as non-grain oriented electrical steel (NGOES) in order to produce efficient motors and charging infrastructure. NGOES contributes to lowering energy losses, hence increasing the range and performance of electric cars. As governments throughout the world push electric mobility, the demand for non-governmental organizations (NGOs) in EV applications is likely to increase dramatically.
• Technological Advancements in Electrical Steel Production Continuous developments in manufacturing technology improve the magnetic characteristics and reduce core losses of NGOES. Innovations in alloy compositions, processing processes, and insulating coatings are allowing manufacturers to create high-performance NGOES that are suited to specific application needs. These technical advances are significant drivers driving the NGOES market forward.
• Increasing Demand for Energy-Efficient Electrical DevicesNGOs are critical to increasing the efficiency of electrical devices such as motors, transformers, and generators. With global programs aimed at conserving energy and lowering carbon footprints, there is an increasing demand for non-governmental organizations (NGOs) to improve the efficiency of these devices. This need is fueled by a variety of industries, including automotive and renewable energy, which require efficient electrical components.
• Urbanization and Infrastructure Development Urbanization and infrastructural development, especially in emerging nations, are driving up demand for electrical gadgets and infrastructure. NGOES are crucial in the development of power distribution networks, industrial machines, and household appliances. Rapid urbanization and industrialization drive the need for non-governmental organizations (NGOs) to promote the expansion of electrical infrastructure.

Key Challenges

• Volatility in Raw Material PricesOne of the most significant issues for non-grain oriented electrical steel (NGOES) makers is the unpredictability of raw material pricing, particularly for critical components such as silicon and nickel. These price fluctuations have a considerable impact on manufacturing costs and profit margins. Manufacturers frequently face the difficulty of managing cost moves while maintaining competitive pricing in the market.
• Intense Competition from Substitute MaterialsNGOES face competition from replacement materials such as amorphous and nanocrystalline alloys, which have equal or better magnetic characteristics. These alternative materials frequently claim benefits such as fewer core losses or improved performance at higher frequencies. NGOES manufacturers must constantly develop to differentiate their products and preserve their market position against these substitutes.
• Supply Chain Disruptions and Logistics Challenges Natural disasters, geopolitical tensions, and logistical delays all have the potential to disrupt global NGOES supply lines. These disruptions can have an impact on raw material availability, production schedules, and delivery deadlines. Managing supply chain risks and guaranteeing supply continuity are constant problems for NGOES manufacturers, particularly in today’s global market.
• Complexity in Customization and Application-Specific Requirements NGOES is employed in a variety of applications, each with unique performance needs. Customizing NGOES to satisfy application-specific requirements, such as varying magnetic characteristics or dimensional constraints, can be difficult and expensive. Manufacturers must strike a balance between regular product offers and the flexibility to give customized solutions to various customer needs.

Key Trends

• Demand from Automotive Sector NGOES is quickly being used in electric vehicle (EV) motors and hybrid vehicles due to its high magnetic permeability and low core loss features. As the global shift to electrification increases, NGOES demand in automotive applications is likely to increase dramatically. This development is driven by the demand for lightweight, high-performance materials that improve the efficiency and range of electric vehicles.
• Market Growth and ExpansionNon-grain oriented electrical steel (NGOES) is experiencing strong growth as demand for electrical transformers, motors, and generators rises across industries such as automotive, energy, and appliances. This expansion is being driven by increased urbanization, industrialization, and infrastructure development around the world. Emerging economies in Asia-Pacific and Latin America are major contributors to this increase, which is being pushed by infrastructural initiatives and technological advances in electrical equipment.
• Rising Investments in InfrastructureIncreasing investments in infrastructure development, particularly in emerging economies, are driving up demand for NGOES in electricity transmission and distribution. NGOES provides high magnetic characteristics that improve the performance and durability of transformers used in electrical grids. As countries modernize their infrastructure to meet rising power consumption, the market for NGOES is predicted to continuously increase.
• Emerging Applications in Renewable EnergyNGOES is finding new uses in renewable energy sectors like wind turbines and solar inverters due to its high magnetic permeability and minimal core loss. As the renewable energy sector grows globally, NGOES will play an important role in enhancing the efficiency and reliability of electrical components used in renewable energy systems.

Global Non-Grain Oriented Electrical Steel Market Regional Analysis

Here is a more detailed regional analysis of the global Non-Grain Oriented Electrical Steel Market

Asia Pacific

• The Asia Pacific region currently leads the Non-Grain Oriented Electrical Steel Market, owing to a number of compelling considerations. One key reason is the tremendous economic growth seen in developing economies such as China and India. These countries are undergoing significant economic and infrastructure development, particularly in the power generating, transmission, and distribution sectors. The rising demand for electricity infrastructure necessitates efficient electrical components such as non-grain oriented electrical steel, which is driving market expansion in the region.
• The Asia Pacific region has a large and rapidly expanding demographic base. This demographic reality emphasizes the vital requirement for a consistent and dependable electrical supply to meet the energy demands of urbanization and industrialization. Non-grain-oriented electrical steel is used extensively in transformers and other essential power equipment, ensuring efficient power transmission and distribution in heavily populated areas. As cities grow and industrial activity increases, so does the demand for non-grain oriented electrical steel, increasing the region’s market dominance.
• Supportive government regulations and infrastructure development investments strengthen Asia Pacific’s position in the non-grain electrical steel market. Policies aiming at improving energy efficiency and increasing electricity availability encourage the use of advanced electrical materials such as non-grain oriented electrical steel. This regulatory environment stimulates investments in updating power networks and deploying high-efficiency electrical equipment, resulting in strong market growth in the region.

North America

• North America’s Non-Grain Oriented Electrical Steel Market is expected to grow rapidly, owing to a number of important variables that align with changing regional dynamics. A primary catalyst is a focused initiative to modernize the power grid.
• Many of North America’s existing electrical infrastructures are old and in need of considerable renovations to enhance efficiency and reliability. This modernization program comprises the installation of new transformers and other important machinery that harness the better magnetic characteristics of non-grain oriented electrical steel. As utilities and grid operators emphasize the use of innovative technologies to satisfy rising energy demands, demand for non-grain oriented electrical steel is predicted to rise.
• Another key driver of market growth is the increasing adoption of electric vehicles (EVs) in North America. As more consumers and businesses adopt EVs to reduce carbon emissions and embrace sustainable transportation solutions, the requirement for efficient power generation and transmission infrastructure grows.
• Non-grain oriented electrical steel plays a vital role in the manufacture of high-performance motors and transformers used in EVs, due to its small core loss and high magnetic permeability properties. This combination of automotive electrification and energy infrastructure upgrades positions North America as a dynamic growth hub for the Non-Grain Oriented Electrical Steel Market.

Global Non-Grain Oriented Electrical Steel MarketSegmentation Analysis

The Global Non-Grain Oriented Electrical Steel Market is Segmented on the basis of Thickness, Type, Application, And Geography.

Non-Grain Oriented Electrical Steel Market, By Thickness

• 035mm
• 5mm
• 65mm

Based on Thickness, the market is fragmented into 035mm, 0.5mm, and 0.65mm.the thicknesses you indicated, the 0.5mm segment is anticipated to dominate the Non-Grain Oriented Electrical Steel Market due to its use in a variety of electrical applications such as motors and transformers. The 0.35mm segment is predicted to expand the fastest because of manufacturing developments that allow for smaller sizes and an increased need for reduction in electronics.

Non-Grain Oriented Electrical Steel Market, By Type

• Semi-processed
• Fully Processed

Based on Type, the market is segmented into Semi-processed and Fully Processed. The dominant section of the Non-Grain Oriented Electrical Steel Market is expected to be fully processed. This is because completely processed steel is ready for final product installation, avoiding the need for further processing processes by manufacturers. This means faster production times and potentially cheaper total costs. However, the fastest expanding section may be semi-processed. As manufacturers seek to optimize performance and meet specific needs, demand for semi-processed steel may increase. This gives you more control over the final microstructure of the steel, which could lead to better magnetic characteristics for specialized applications.

Non-Grain Oriented Electrical Steel Market, By Application

• Household Appliances
• AC Motor
• Power Generation

Based on Application, the market is segmented into Household Appliances, AC Motor, and Power Generation. The power generation segment currently controls the Non-Grain Oriented Electrical Steel Market. This is due to the large amount of steel required for transformers used in power transmission and distribution. On the other hand, the AC motor segment is expected to be the fastest growing. The rising demand for energy-efficient appliances and the increasing adoption of electric vehicles, which rely heavily on AC motors, are propelling significant growth in this segment.

Non-Grain Oriented Electrical Steel Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Global Non-Grain Oriented Electrical Steel Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific dominates the non-grain electrical steel market, owing to rising economies and a vast population that requires reliable power. However, North America is expected to expand the fastest due to aged power system renovations and an increase in electric vehicles.

Key Players

The “Global Non-Grain Oriented Electrical Steel Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Baowu Steel Group Corporation, Shougang Group, TISCO, Nippon Steel Corporation, Ansteel Group Corporation Limited, Posco, JFE Steel Corporation, ThyssenKrupp AG, Voestalpine AG, and ArcelorMittal.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Non-Grain Oriented Electrical Steel Market Recent Developments

• In January 2024, POSCO will finish construction of the new electrical sheet plant in Gawangyang. The newly constructed plant can produce high-efficiency, environmentally friendly non-grain oriented electrical steel sheets. Thus, the company has entered into the competition of green products to achieve net zero carbon emissions by 2050.
• In March 2023, ArcelorMittal S.A. invested USD 317.90 million to expand the production plant for electrical steel at the Mardyck site located in northern France. The purpose of the investment is to increase production capacity to maximize revenue.
• In November 2022, POSCO announced increased manufacturing of non-grain oriented electrical steel sheets to meet market demand. The company decided to invest USD 848.6 million to produce 300,000 tons of steel plate annually.

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