According to a new report from Intel Market Research, the global Non Grain-oriented Electrical Steel market was valued at US$ 15,541.8 million in 2023 and is projected to reach US$ 17,405.1 million by 2030, growing at a CAGR of 1.75% during the forecast period (2024–2030). This steady growth is driven by increasing electrification across industries and the global transition towards energy-efficient technologies.

What is Non Grain-oriented Electrical Steel?

Non Grain-oriented Electrical Steel (NGOES) is a specialized silicon steel alloy engineered for excellent magnetic properties in all directions, unlike its grain-oriented counterpart. The material's isotropic nature makes it indispensable in rotating electrical components like motors and generators where magnetic fields constantly change direction.

Manufactured through precise control of silicon content (typically 0.5-3.5%) and annealing processes, NGOES delivers three key benefits:

• Reduced core losses - Minimizes energy wastage as heat
• High permeability - Enhances magnetic flux density
• Consistent performance - Maintains properties regardless of orientation

These characteristics have made NGOES the material of choice for EV motors, industrial drives, and home appliances where energy efficiency directly impacts operational costs and environmental compliance.

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Key Market Drivers

1. Electric Vehicle Revolution

The automotive industry's pivot to electrification has created unprecedented demand for NGOES. Modern EV traction motors contain 80-150 kg of electrical steel per vehicle. With global EV sales projected to surpass 45 million units annually by 2030, automakers are securing long-term NGOES supply contracts.

2. Global Energy Transition

Renewable energy systems heavily rely on NGOES for:

• Wind turbine generators (4-8 tons per MW capacity)
• Solar inverter transformers
• Grid infrastructure upgrades

The International Energy Agency estimates global renewable capacity will grow by 2,400 GW between 2022-2027, requiring massive NGOES volumes.

3. Energy Efficiency Regulations

Stringent standards like IE3/IE4 motor efficiency classifications and DOE regulations have compelled manufacturers to adopt high-grade NGOES. The material helps achieve 2-8% efficiency gains in electrical machines, translating to billions in energy savings.

Market Challenges

While growth prospects are strong, several factors temper market expansion:

• Complex manufacturing: Producing high-quality NGOES requires precise chemistry control and specialized annealing, limiting production to a few global players.

• Price volatility: Silicon steel prices fluctuated 15-25% in 2023 due to raw material cost changes, impacting profit margins.

• Regional declines: Mature markets like North America (-0.61% CAGR) and Europe (-0.52% CAGR) show contracting demand as production shifts to Asia-Pacific.

Emerging Opportunities

The market presents several promising frontiers:

1. High-Performance Alloys

Manufacturers are developing 6.5% silicon steel variants that offer:

• 20-30% lower core losses
• Extended high-frequency operation
• Improved thermal stability

2. Localized Supply Chains

Geopolitical tensions are driving regional production strategies:

• North American producers expanding capacity for defense and EV sectors
• European manufacturers investing in sustainable production methods
• Asian suppliers developing cost-optimized solutions

3. Circular Economy Models

Recycling initiatives could recover 2-3 million tons annually of NGOES scrap by 2030. Advanced sorting and purification technologies enable closed-loop material flows without quality degradation.

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Regional Market Analysis

• Asia-Pacific (2.31% CAGR): China dominates with >60% global production capacity. Recent expansions by Baowu and Ansteel target premium EV and industrial motor markets.

• North America (-0.61% CAGR): Demand shifts toward high-efficiency grades for defense and aerospace applications, offsetting declines in conventional manufacturing.

• Europe (-0.52% CAGR): Strict environmental regulations drive adoption of thin-gauge, high-silicon NGOES despite overall market contraction.

• Emerging Markets: India, Brazil, and Southeast Asia show strong growth potential as local industrialization drives demand for electric machinery.

Market Segmentation

By Grade Type

• Medium and Low Grade
• High Grade

By Application

• EV Traction Motors
• Industrial Motor Cores
• Power Generators
• Home Appliances
• Others

By End User

• Automotive OEMs
• Energy Equipment Manufacturers
• Industrial Equipment Suppliers
• Consumer Electronics Brands

By Region

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

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Non Grain-oriented Electrical Steel Market - View in Detailed Research Report

Competitive Landscape

The market remains highly concentrated, with the top three producers (Baowu, Nippon Steel, and Shougang) controlling 51.71% of 2023 revenues. Key developments include:

• Baowu's new 1.2 million ton/year NGOES facility in Guangdong
• Nippon Steel's development of ultra-thin 0.1mm grades for high-frequency applications
• European producers investing in hydrogen-based steelmaking to reduce carbon footprint

Report Inclusions

• Granular 10-year market forecasts
• Regulatory impact analysis across 25+ countries
• Detailed CAPEX analysis of production technologies
• Competitor benchmarking and SWOT analysis
• Emerging material threat assessment

Get Full Report Here:
Non Grain-oriented Electrical Steel Market - View in Detailed Research Report

About Intel Market Research

Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in advanced materials, industrial manufacturing, and clean technologies. Our research capabilities include:

• Real-time competitive benchmarking
• Global supply chain mapping
• Technology adoption tracking
• Over 500+ industrial reports annually

Trusted by Fortune 500 companies, our insights empower decision-makers to drive innovation with confidence.

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