Non-Grain Oriented Electrical Steel (NGOES) Market Size, Share & Forecast by 2033

The non-grain oriented electrical steel (NGOES) market size is projected to reach US$ 25.92 billion by 2033 from US$17.13 billion in 2024. The market is expected to register a CAGR of 4.7% from 2025–2033.

Non-Grain Oriented Electrical Steel (NGOES) Market Analysis

Rising global pressure on energy-saving and high-performance electric motors and generators is promoting the consumption of non-grain oriented electrical steel. Manufacturers also prefer the high-permeability, low-core-loss material, with its associated high magnetic efficiency, low energy waste, and consistent performance, in EV traction motors, industrial automation systems, and variable-frequency appliances. The expansion of global electrification efforts, renewable energy infrastructures, and state-of-the-art manufacturing capabilities in emerging economies propel the growth. The level of magnetic performance is attained without impairing mechanical integrity owing to the development of thin-gauge technology, high-silicon alloy technology, and surface domain refinement technology. The increased attention to energy saving, carbon emission, and operational stability in progressively electrified economies predisposes NGOES to a leading choice of material in the automotive, industrial, and energy industries.

Non-Grain Oriented Electrical Steel (NGOES) Market Overview

The necessity of energy efficiency, large power density, and trusted operation requires high-performance NGOES, which provide low core loss, high magnetic saturation, and homogeneous mechanical characteristics of electric motor and generator cores. Grades designed to support demanding applications such as high-speed EV drives are made possible with the use of thinner gauges, and newer sustainable production techniques are drawing in environmentally conscious OEMs. The increasing worldwide shift to electric mobility, the development of renewable energy sources, the growing industrialization, and the tightening of restrictions on energy consumption by different countries contribute to market growth. Asia Pacific is the leading market with its massive production base. In contrast, Europe and North America are the most innovative and mature automotive and industrial markets requiring premium and highly efficient steel grades.

Non-Grain Oriented Electrical Steel (NGOES) Market: Strategic Insights

Non-Grain Oriented Electrical Steel (NGOES) Market Drivers and Opportunities

Market Drivers:

• The Global Electrification Acceleration: The shift to electric vehicles, renewable energy generation, and energy-efficient industrial automation is generating a long-term need for high-performance NGOES to construct the motors, generators, and transformer cores.
• Strict International Energy Conservation laws: Governments across the globe are introducing and strengthening requirements (e.g., IE4, IE5, and vehicle efficiency requirements) that force manufacturers to use superior electrical steels to reduce the core losses and enhance the efficiency of the systems.
• Performance Requirements of Fast and High-Speed Applications: High magnetic consistency and low lossiness of NGOES are essential to the next generation of uses, such as EV traction motors, fast-speed spindles, and aerospace systems, where thermal control and efficiency are the most important.

Market Opportunities:

• Innovation in Sustainable and High-Performance Alloys: Innovations in new high-silicon steels, domain-refined steels, and manufacturing to achieve OEM sustainability (ESG) without performance loss in electromagnetism.
• High-Growth Potential in Emerging Economies of the Asia Pacific: The large-scale deployment of industrial infrastructure, EV production, and consumer appliance production in China, India, and Southeast Asia poses a long-term demand explosion of both standard and high-grade NGOES.
• Adoption of Thinner Gauges and Advanced Processing: The addition of thinner strip gauges (to 0.20mm or less) and laser scribing tools to provide radical core losses cuts, and thus smaller motor design formats with reduced core losses, to the high-end motor market.

Non-Grain Oriented Electrical Steel (NGOES) Market Report Segmentation Analysis

The non-grain oriented electrical steel (NGOES) market is divided into different segments to give a clearer view of its growth potential and the latest trends. Below is the standard segmentation approach used in industry reports:

By Grade:

• Premium Grade: Focuses on the most efficiency-sensitive applications, including high-speed EV traction motors and high-energy industrial drives, with the lowest core loss and highest possible magnetic permeability.
• High Grade: Catering to the mainstream EV market and high-efficiency industrial motor market, offers an ideal balance of high magnetic performance and affordability to areas of application where high reliability of efficiency are needed.
• General or Standard Grade: This is used in high-volume cost-conscious applications (such as standard industrial motors, transformers, and appliances) where it is associated with reliable core performance but with achievable minimum energy efficiency (e.g., IE3/IE4).

By Application:

• Automotive
  • Traction Motors
  • EPS Motors
  • Alternators
  • Others
• Home Appliances
  • Induction Motors
  • Compressors
  • Others
• General Industrial
• Others

By Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South & Central America

Non-Grain Oriented Electrical Steel (NGOES) Market Regional Insights

The regional trends and factors influencing the Non-Grain Oriented Electrical Steel (NGOES) Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Non-Grain Oriented Electrical Steel (NGOES) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Non-Grain Oriented Electrical Steel (NGOES) Market Report Scope

Non-Grain Oriented Electrical Steel (NGOES) Market Players Density: Understanding Its Impact on Business Dynamics

The Non-Grain Oriented Electrical Steel (NGOES) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Non-Grain Oriented Electrical Steel (NGOES) Market Share Analysis by Geography

The ongoing accelerating industrialization/electrification projects in the Asia Pacific have prompted the mass investment in national EV production, renewable energy infrastructure, and automated production plants, which contribute to the demand for high-performance NGOES. South American, Eastern, and Southeast Asian emerging markets have high future growth potential, as their industrial policies change, power generation capacity, and localization of the electric motor and appliance supply chains.

The non-grain oriented electrical steel (NGOES) market growth differs in each region due to the rate of economic development and consumer preferences. Below is a summary of market share and trends by region:

1. North America

• Market Share: Holds a significant share of the global market
• Key Drivers:
  • High demand in a resurgent industrial automation and electric vehicle market.
  • Strict national and corporate energy efficiency regulations.
  • Established research and development facilities and availability of top motor producers.
• Trends: Shift toward high-grade and premium NGOES for next-generation applications and sustainability-focused production.

2. Europe

• Market Share: A substantial, innovation-led market with mature, high-value industries
• Key Drivers:
  • The strictest EU energy efficiency and carbon emission policies are known to the world.
  • Premium automotive manufacturing and renewable energy systems leadership.
  • Greater export of capital goods and machines that need efficient motors.
• Trends: The swift shift to high-silicon and sustainable low-carbon footprint NGOES grades.

3. Asia Pacific

• Market Share: The fastest-growing region with a rapidly increasing market share
• Key Drivers:
  • Rapid expansion in EV manufacturing and consumer appliance production.
  • Large-scale investment in power infrastructure, automation of industries, and renewables.
  • The policies of the government to stimulate electrification and local production were aggressive.
• Trends: Premium innovation in low-cost, high-volume grades, and production area of finer gauges.

4. Middle East and Africa

• Market Share: A growing market with steady progress
• Key Drivers:
  • Investments in power generation, transmission, and desalination infrastructure
  • Plans of industrial diversification, adding more local production of equipment and appliances
• Trends: Increasing level of popularity of credible general-grade NGOES to serve the base of industrial and energy projects.

5. South and Central America

• Market Share: Smaller market share, growing at a rapid pace
• Key Drivers:
  • Modernization of industrial facilities and mining operations
  • Increase in renewable energy plants and wind and hydropower, especially
• Trends: There is an increasing use of high-efficiency motors and generators, an increase in the demand for standardized NGOES grades

Non-Grain Oriented Electrical Steel (NGOES) Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is intense due to the presence of established players such as Nippon Steel Corp, JFE Steel Corp, Posco Holdings Inc, Baosteel Group Corp, ArcelorMittal SA, Novolipetsk Steel, Tata Steel Ltd, Cleveland-Cliffs Inc, and ThyssenKrupp AG.

This high level of competition urges companies to stand out by:

• In developing specialized NGOES grades, the domain refinement using laser-scored grades and application-specific coating is used to optimize core loss and application-specific motors.
• Making thinner gauges with better magnetic consistency and surface insulation to be more efficient and have high power density using less material per unit.

Opportunities and Strategic Moves

• Introduce high-silicon and domain-refined steels into the product lines with ultra-low loss.
• Create thinner gauge portfolios to facilitate lightweight, compact motor designs and lower the overall system cost.
• Develop high-speed and harsh-environment designs with special surface-insulated and tension-coated designs.

Major companies operating in the Non-Grain Oriented Electrical Steel (NGOES) market are:

1. Nippon Steel Corp
2. JFE Steel Corp
3. Posco Holdings Inc
4. Baosteel Group Corp
5. ArcelorMittal SA
6. Novolipetsk Steel
7. Tata Steel Ltd
8. Cleveland-Cliffs Inc
9. ThyssenKrupp AG

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analyzed during research:

1. Arnold Magnetic Technologies
2. Voestalpine AG
3. C.D. Wälzholz GmbH & Co. KG
4. United States Steel Corp
5. China Steel Corp

Non-Grain Oriented Electrical Steel (NGOES) Market News and Recent Developments

• Governor Ivey Announces that ArcelorMittal Plans US$ 1.2 Billion Alabama Mill to Produce Electrical Steel: ArcelorMittal plans to build a US$ 1.2 billion non-grain-oriented electrical steel manufacturing facility in Alabama, aiming for an annual production capacity of 150,000 metric tons. Construction will start in the second half of 2025, with production expected to begin in 2027. The project will create approximately 1,300 construction jobs and over 200 permanent positions for ongoing operations.
• Thyssenkrupp Steel has commissioned a new, High-Tech Annealing and Isolating Line.: Thyssenkrupp Steel has launched a new line for processing non-grain oriented electrical steel at its Bochum plant, investing €150 million. The line has a production capacity of 218,000 tonnes/year. It can produce thin sheets (0.2mm to 1.0mm) with strip widths of 700-1,350mm, offering enhanced mechanical and magnetic properties tailored for efficient motors in electric vehicles.

Non-Grain Oriented Electrical Steel (NGOES) Market Report Coverage and Deliverables

The " Non-Grain Oriented Electrical Steel (NGOES) Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:

• Non-Grain Oriented Electrical Steel (NGOES) market size and forecast at global, regional, and country levels for all market segments covered under the scope
• Non-Grain Oriented Electrical Steel (NGOES) market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter's five forces analysis and SWOT analysis
• Non-Grain Oriented Electrical Steel (NGOES) market analysis covering market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the non-grain oriented electrical steel (NGOES) market
• Detailed company profiles