Non-Grain Oriented Electrical Steel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Non-Grain Oriented Electrical Steel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Non-Grain Oriented Electrical Steel Market

The non-grain oriented electrical steel market size was valued at USD 17.39 billion in 2023, and the market is now projected to grow from USD 18.15 billion in 2024 to USD 26.88 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period of 2024-2032.

COVID-19-related government measures disrupted steel output for manufacturers. Lower demand for power from business and business sectors led to a lower in strength generator use. This ended in lowering demand for non-grain orientated electrical steel, that's important for generating excessive-performance energy generating motors. These issues disturbed both supply and demand for the goods.

Non-grain oriented steel is a crucial magnetic and structural material for producing electrical instruments like power generation motors and rotors. Its excellent punching workability, strong magnetic flux, and high efficiency make it suitable for large rotating equipment. The constant demand for power generation motors and rotors has increased the consumption of electrical steel. The rapid growth of the automotive industry also drives the market growth, as non-oriented grain electric steel is essential for motor production and high-performance electric vehicles.

The steel sector has had moderate growth in recent years. However, the emergence of hybrid electric cars has led to growing product demand. The utilization of non-grain orientated electrical steel in EV cars is in all likelihood to pressure market expansion, specially in emerging international locations. Non-grain oriented electric metallic is generally used in production EV rotors, traction automobiles, and different electrical home equipment. Electrical metallic is used in engines, traction cars, high-speed rotors, and electric cars in both conventional and electric powered cars. Hybrid electric vehicles are driving up non-grain oriented electrical steel market growth, providing market potential throughout the projection period.

Comprehensive Analysis of Non-Grain Oriented Electrical Steel Market

The non-grain oriented electrical steel market is segmented into thicknesses (0.35 mm, 0.5 mm, 0.65 mm, and others), with the 0.5 mm segment dominating the market in 2023. Thicker sheets are used in heavy-duty equipment like transformers and power generators, while thinner sheets are used in smaller motors and generators. The market is divided into semi-processed and fully-processed types. Semi-processed steel is heat-treated to achieve desired microstructure, allowing for customization in applications like electric motor rotors and stators. Fully-processed steel is used in limited magnetic field applications. The market is categorized into household appliances, AC motors, and power generation. Power generation is the largest segment, with the highest CAGR growth expected. The growing demand for energy-efficient motors in home appliances is also driving demand for non-grain oriented steel.

The Asia Pacific region lead the non-grain oriented electrical steel market share by benefitting a market size of USD 7.84 billion in 2023 due to developing nations, such as India and China, have significant untapped economic development potential. That is expected to occur throughout the evaluation phase. Infrastructure demand, particularly in electricity distribution, generation, and transmission, is expected to rise in these countries as their economies expand. NGOES are essential components of any electrical equipment in power infrastructure. Growing demand from the electrical power industry is expected to boost market expansion in Asia Pacific. China is the top country in Asia Pacific due to increased demand for electricity from diverse industries.

Key players in the steel industry include Benxi Steel Group Co., Ltd. (China), CSC Steel Sdn. Bhdx. (Malaysia), Tata Steel (India), Nucor Corporation (US), NLMK (Russia), ArcelorMittal S.A. (Luxembourg), Shougang Group (China), Thyssenkrupp Steel (Germany), Baosteel Group Corporation (China), POSCO (South Korea), NIPPON STEEL CORPORATION (Japan), and Voestalpine Group. These firms focus on product innovation, capacity improvement, cooperation, and market acquisitions.

January 2024: POSCO completes building of the new electrical sheet facility in Gawangyang. The newly built factory can create high-efficiency, environmentally friendly non-grain oriented electrical steel sheets. The firm aims to attain net zero carbon emissions by 2050 by competing in green product categories.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.0% from 2024 to 2032

Unit Value (USD Billion), Volume (Kiloton)

Segmentation By Thickness
0.35 mm0.5 mm0.65 mm
Others

By Type

Semi-processed

Fully Processed

By Application

Household Appliances

AC Motor

Power Generation

Others

By Geography

North America (Value & Volume)

- U.S.

- Canada

Europe (Value & Volume)

- Germany

- U.K.

- France

- Italy

- Spain

- Russia

- Rest of Europe

Asia Pacific (Value & Volume)

- China

- Japan

- South Korea

- Australia

- Thailand

- Rest of Asia Pacific

Latin America (Value & Volume)

- Brazil

- Argentina

- Chile

- Rest of Latin America

Middle East & Africa (Value & Volume)

- South Africa

- Egypt

- UAE

- Saudi Arabia

- Rest of MEA


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Spray Dryer Key Players Market Share Insights and Analysis, 2022
5. Global Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
5.1.
5.1.1. Key Findings
5.1.2. By Type (USD Bn)
5.1.2.1. Rotary Atomizer
5.1.2.2. Nozzle Atomizer
5.1.2.3. Fluidized
5.1.2.4. Closed Loop
5.1.2.5. Centrifugal
5.1.3. By Drying Stage (USD Bn)
5.1.3.1. Single Stage
5.1.3.2. Two Stage
5.1.3.3. Multi Stage
5.1.4. By Application (USD Bn)
5.1.4.1. Food & Dairy
5.1.4.2. Pharmaceutical
5.1.4.3. Chemical
5.1.4.4. Others (Animal Feed)
5.1.5. By Region (USD Bn)
5.1.5.1. North America
5.1.5.2. Europe
5.1.5.3. Asia-Pacific
5.1.5.4. South America
5.1.5.5. Middle East & Africa
6. North America Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
6.1.
6.1.1. Key Findings
6.1.2. By Type (USD Bn)
6.1.2.1. Rotary Atomizer
6.1.2.2. Nozzle Atomizer
6.1.2.3. Fluidized
6.1.2.4. Closed Loop
6.1.2.5. Centrifugal
6.1.3. By Drying Stage (USD Bn)
6.1.3.1. Single Stage
6.1.3.2. Two Stage
6.1.3.3. Multi Stage
6.1.4. By Application (USD Bn)
6.1.4.1. Food & Dairy
6.1.4.2. Pharmaceutical
6.1.4.3. Chemical
6.1.4.4. Others (Animal Feed)
6.1.5. By Country (USD Bn)
6.1.5.1. U.S.
6.1.5.1.1. By Application
6.1.5.1.1.1. Food & Dairy
6.1.5.1.1.2. Pharmaceutical
6.1.5.1.1.3. Chemical
6.1.5.1.1.4. Others (Animal Feed)
6.1.5.2. Canada
6.1.5.2.1. By Application
6.1.5.2.1.1. Food & Dairy
6.1.5.2.1.2. Pharmaceutical
6.1.5.2.1.3. Chemical
6.1.5.2.1.4. Others (Animal Feed)
6.1.5.3. Mexico
6.1.5.3.1. By Application
6.1.5.3.1.1. Food & Dairy
6.1.5.3.1.2. Pharmaceutical
6.1.5.3.1.3. Chemical
6.1.5.3.1.4. Others (Animal Feed)
7. Europe Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
7.1.
7.1.1. Key Findings
7.1.2. By Type (USD Bn)
7.1.2.1. Rotary Atomizer
7.1.2.2. Nozzle Atomizer
7.1.2.3. Fluidized
7.1.2.4. Closed Loop
7.1.2.5. Centrifugal
7.1.3. By Drying Stage (USD Bn)
7.1.3.1. Single Stage
7.1.3.2. Two Stage
7.1.3.3. Multi Stage
7.1.4. By Application (USD Bn)
7.1.4.1. Food & Dairy
7.1.4.2. Pharmaceutical
7.1.4.3. Chemical
7.1.4.4. Others (Animal Feed)
7.1.5. By Country (USD Bn)
7.1.5.1. U.K.
7.1.5.1.1. By Application
7.1.5.1.1.1. Food & Dairy
7.1.5.1.1.2. Pharmaceutical
7.1.5.1.1.3. Chemical
7.1.5.1.1.4. Others (Animal Feed)
7.1.5.2. Germany
7.1.5.2.1. By Application
7.1.5.2.1.1. Food & Dairy
7.1.5.2.1.2. Pharmaceutical
7.1.5.2.1.3. Chemical
7.1.5.2.1.4. Others (Animal Feed)
7.1.5.3. France
7.1.5.3.1. By Application
7.1.5.3.1.1. Food & Dairy
7.1.5.3.1.2. Pharmaceutical
7.1.5.3.1.3. Chemical
7.1.5.3.1.4. Others (Animal Feed)
7.1.5.4. Italy
7.1.5.4.1. By Application
7.1.5.4.1.1. Food & Dairy
7.1.5.4.1.2. Pharmaceutical
7.1.5.4.1.3. Chemical
7.1.5.4.1.4. Others (Animal Feed)
7.1.5.5. Rest of Europe
8. Asia Pacific Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
8.1.
8.1.1. Key Findings
8.1.2. By Type (USD Bn)
8.1.2.1. Rotary Atomizer
8.1.2.2. Nozzle Atomizer
8.1.2.3. Fluidized
8.1.2.4. Closed Loop
8.1.2.5. Centrifugal
8.1.3. By Drying Stage (USD Bn)
8.1.3.1. Single Stage
8.1.3.2. Two Stage
8.1.3.3. Multi Stage
8.1.4. By Application (USD Bn)
8.1.4.1. Food & Dairy
8.1.4.2. Pharmaceutical
8.1.4.3. Chemical
8.1.4.4. Others (Animal Feed)
8.1.5. By Country (USD Bn)
8.1.5.1. China
8.1.5.1.1. By Application
8.1.5.1.1.1. Food & Dairy
8.1.5.1.1.2. Pharmaceutical
8.1.5.1.1.3. Chemical
8.1.5.1.1.4. Others (Animal Feed)
8.1.5.2. Japan
8.1.5.2.1. By Application
8.1.5.2.1.1. Food & Dairy
8.1.5.2.1.2. Pharmaceutical
8.1.5.2.1.3. Chemical
8.1.5.2.1.4. Others (Animal Feed)
8.1.5.3. India
8.1.5.3.1. By Application
8.1.5.3.1.1. Food & Dairy
8.1.5.3.1.2. Pharmaceutical
8.1.5.3.1.3. Chemical
8.1.5.3.1.4. Others (Animal Feed)
8.1.5.4. Southeast Asia
8.1.5.4.1. By Application
8.1.5.4.1.1. Food & Dairy
8.1.5.4.1.2. Pharmaceutical
8.1.5.4.1.3. Chemical
8.1.5.4.1.4. Others (Animal Feed)
8.1.5.5. Rest of Asia Pacific
9. South America Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
9.1.
9.1.1. Key Findings
9.1.2. By Type (USD Bn)
9.1.2.1. Rotary Atomizer
9.1.2.2. Nozzle Atomizer
9.1.2.3. Fluidized
9.1.2.4. Closed Loop
9.1.2.5. Centrifugal
9.1.3. By Drying Stage (USD Bn)
9.1.3.1. Single Stage
9.1.3.2. Two Stage
9.1.3.3. Multi Stage
9.1.4. By Application (USD Bn)
9.1.4.1. Food & Dairy
9.1.4.2. Pharmaceutical
9.1.4.3. Chemical
9.1.4.4. Others (Animal Feed)
9.1.5. By Country (USD Bn)
9.1.5.1. Brazil
9.1.5.1.1. By Application
9.1.5.1.1.1. Food & Dairy
9.1.5.1.1.2. Pharmaceutical
9.1.5.1.1.3. Chemical
9.1.5.1.1.4. Others (Animal Feed)
9.1.5.2. Argentina
9.1.5.2.1. By Application
9.1.5.2.1.1. Food & Dairy
9.1.5.2.1.2. Pharmaceutical
9.1.5.2.1.3. Chemical
9.1.5.2.1.4. Others (Animal Feed)
9.1.5.3. Rest of South America
10. Middle East and Africa Spray Dryer Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
10.1.
10.1.1. Key Findings
10.1.2. By Type (USD Bn)
10.1.2.1. Rotary Atomizer
10.1.2.2. Nozzle Atomizer
10.1.2.3. Fluidized
10.1.2.4. Closed Loop
10.1.2.5. Centrifugal
10.1.3. By Drying Stage (USD Bn)
10.1.3.1. Single Stage
10.1.3.2. Two Stage
10.1.3.3. Multi Stage
10.1.4. By Application (USD Bn)
10.1.4.1. Food & Dairy
10.1.4.2. Pharmaceutical
10.1.4.3. Chemical
10.1.4.4. Others (Animal Feed)
10.1.5. By Country (USD Bn)
10.1.5.1. GCC Countries
10.1.5.1.1. By Application
10.1.5.1.1.1. Food & Dairy
10.1.5.1.1.2. Pharmaceutical
10.1.5.1.1.3. Chemical
10.1.5.1.1.4. Others (Animal Feed)
10.1.5.2. South Africa
10.1.5.2.1. By Application
10.1.5.2.1.1. Food & Dairy
10.1.5.2.1.2. Pharmaceutical
10.1.5.2.1.3. Chemical
10.1.5.2.1.4. Others (Animal Feed)
10.1.5.3. Rest of Middle East and Africa
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. GEA Group Aktiengesellschaft
11.1.1. Overview
11.1.2. Offerings/Business Segments
11.1.3. Employee Size
11.1.4. Key Financials
11.1.5. Recent Developments
11.2. SPX FLOW
11.2.1. Overview
11.2.2. Offerings/Business Segments
11.2.3. Employee Size
11.2.4. Key Financials
11.2.5. Recent Developments
11.3. European SprayDry Technologies
11.3.1. Overview
11.3.2. Offerings/Business Segments
11.3.3. Employee Size
11.3.4. Key Financials
11.3.5. Recent Developments
11.4. Buchi Labortecknik AG
11.4.1. Overview
11.4.2. Offerings/Business Segments
11.4.3. Employee Size
11.4.4. Key Financials
11.4.5. Recent Developments
11.5. Dedert Corporation
11.5.1. Overview
11.5.2. Offerings/Business Segments
11.5.3. Employee Size
11.5.4. Key Financials
11.5.5. Recent Developments
11.6. Advanced Drying System
11.6.1. Overview
11.6.2. Offerings/Business Segments
11.6.3. Employee Size
11.6.4. Key Financials
11.6.5. Recent Developments
11.7. Larsson Starch Technology AB
11.7.1. Overview
11.7.2. Offerings/Business Segments
11.7.3. Employee Size
11.7.4. Key Financials
11.7.5. Recent Developments
11.8. Tetra Pak Group
11.8.1. Overview
11.8.2. Offerings/Business Segments
11.8.3. Employee Size
11.8.4. Key Financials
11.8.5. Recent Developments
11.9. Yamato Scientific America
11.9.1. Overview
11.9.2. Offerings/Business Segments
11.9.3. Employee Size
11.9.4. Key Financials
11.9.5. Recent Developments
11.10. Swenson Technology, Inc
11.10.1. Overview
11.10.2. Offerings/Business Segments
11.10.3. Employee Size
11.10.4. Key Financials
11.10.5. Recent Developments

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