Non Grain-oriented Electrical Steel by Type (Overview: Global Non Grain-oriented Electrical Steel Consumption Value, Medium and Low Grade, High Grade), by Application (Overview: Global Non Grain-oriented Electrical Steel Consumption Value, Motor, Home Appliances, Power Generator, Automotive, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global non grain-oriented electrical steel market size was valued at USD 17,860 million in 2025 and is expected to expand at a compound annual growth rate (CAGR) of 1.7% from 2025 to 2033. The growth of the market is attributed to the increasing demand for non grain-oriented electrical steel in the power generation, distribution, and automotive industries.
The market is segmented by type into medium and low grade, and high grade. The medium and low grade segment accounted for the largest share of the market in 2025, and is expected to continue to dominate the market during the forecast period. The high grade segment is expected to grow at a faster rate during the forecast period, due to the increasing demand for high-efficiency electrical equipment. The market is also segmented by application into motor, home appliances, power generator, automotive, and others. The motor segment accounted for the largest share of the market in 2025, and is expected to continue to dominate the market during the forecast period. The home appliances segment is expected to grow at a faster rate during the forecast period, due to the increasing demand for energy-efficient home appliances.
The global non grain-oriented electrical steel market is expected to witness steady growth, driven by the increasing demand for energy-efficient electrical equipment. The rising need for energy conservation in industries, coupled with government initiatives to reduce carbon emissions, is driving the adoption of non grain-oriented electrical steel in various applications. The Asia-Pacific region is anticipated to dominate the market, due to the growing manufacturing sector in countries such as China and India. Additionally, the development of new non grain-oriented electrical steel grades with improved magnetic properties is expected to further boost the market growth.
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This comprehensive report provides an in-depth analysis of the global non grain-oriented electrical steel market, including market size, growth trends, key drivers, challenges, and opportunities. It also offers insights into the competitive landscape, key players, and significant developments in the industry. The report is a valuable resource for businesses, investors, researchers, and policymakers seeking to understand the dynamics of this market.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 1.7% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 1.7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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