Global NGO Electrical Steel Market Growth 2025-2031

Global NGO Electrical Steel Market Growth 2025-2031

The global NGO Electrical Steel market size is predicted to grow from US$ 15310 million in 2025 to US$ 17840 million in 2031; it is expected to grow at a CAGR of 2.6% from 2025 to 2031.

Electrical steels are distinguished by their excellent electro-magnetic properties. There are two major types of electrical steels: grain-oriented (GO) and non-oriented (NO). Non-oriented electrical steel features homogeneous magnetic properties in all directions. They are widely used as iron core materials in rotating machines ranging from large power generators to tiny precision electric motors. They are also used in the iron core of small power transformers.

Global key players of NGO Electrical Steel include Baowu, Nippon Steel, Shougang Group, Ansteel, TISCO, etc. The top five players hold a share about 53%. China is the world's largest market for NGO Electrical Steel and holds a share about 63%, followed by Europe and United States, with share about 16% and 5%, separately. In terms of product type, Medium and Low Grade is the largest segment, accounting for a share about 65%. In terms of application, Motor is the largest field with a share about 38 percent.

LP Information, Inc. (LPI) ' newest research report, the “NGO Electrical Steel Industry Forecast” looks at past sales and reviews total world NGO Electrical Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected NGO Electrical Steel sales for 2025 through 2031. With NGO Electrical Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NGO Electrical Steel industry.

This Insight Report provides a comprehensive analysis of the global NGO Electrical Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on NGO Electrical Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global NGO Electrical Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NGO Electrical Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global NGO Electrical Steel.

This report presents a comprehensive overview, market shares, and growth opportunities of NGO Electrical Steel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Medium and Low Grade
High Grade

Segmentation by Application:
Motor
Home Appliance
Power Generator
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Baowu
Nippon Steel
Shougang Group
Ansteel
TISCO
JFE Steel
Xin Steel
ThyssenKrupp
CSC
Voestalpine
Posco
AK Steel (Cleveland-Cliffs)
NLMK
ArcelorMittal

Key Questions Addressed in this Report

What is the 10-year outlook for the global NGO Electrical Steel market?

What factors are driving NGO Electrical Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NGO Electrical Steel market opportunities vary by end market size?

How does NGO Electrical Steel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.