Grain Oriented Electrical Steel Market Size, Share, and Outlook, 2025 Report- By Application (Transformer, Power Generator, Electric Motor, Others), By Grade (CRNO (Cold Rolled Non-Grain Oriented Steel), CRGO (Cold Rolled Grain Oriented Steel)), 2018-2032

Grain Oriented Electrical Steel Market Outlook

Grain Oriented Electrical Steel Market Size is forecast to reach $23.5 Billion in 2032 from $13.3 Billion in 2025, at an optimistic growth rate of 8.3% from 2025 to 2032. The robust Grain Oriented Electrical Steel Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Grain Oriented Electrical Steel Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Transformer, Power Generator, Electric Motor, Others), By Grade (CRNO (Cold Rolled Non-Grain Oriented Steel), CRGO (Cold Rolled Grain Oriented Steel)). Over 70 tables and charts showcase findings from our latest survey report on Grain Oriented Electrical Steel Markets.

Grain Oriented Electrical Steel Market Insights, 2025:

Grain Oriented Electrical Steel – Key Drivers and Opportunities

Grain Oriented Electrical Steel (GOES) is a critical material used in the manufacturing of transformers and electric motors due to its superior magnetic properties and high efficiency in power transmission. The primary driver for the growth of the GOES market is the increasing demand for energy-efficient electrical equipment, especially in transformers, motors, and generators. As the world focuses on sustainable energy solutions, there is a growing demand for high-performance materials like GOES that reduce energy losses in the power generation and transmission sectors. The transition to renewable energy sources, including wind and solar energy, further drives demand for high-quality electrical steels in energy-efficient transformers.

Opportunities in the GOES market stem from the ongoing advancements in manufacturing technologies that allow for thin sheets and higher efficiency steel products. As global electric vehicle (EV) adoption rises, there is an increased need for efficient motors and transformers that use GOES, thereby propelling the market. Additionally, the electrification of transportation and the development of next-generation power grids present opportunities for innovation, as the need for energy-efficient, high-performance materials increases. In the long term, the trend toward smart grids and the development of more efficient power distribution systems will further expand the GOES market.

Five Trends that will define global Grain Oriented Electrical Steel Market in 2025 and Beyond

A closer look at the multi-million global market for Grain Oriented Electrical Steel Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Grain Oriented Electrical Steel Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Grain Oriented Electrical Steel Industry?

The Grain Oriented Electrical Steel Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Grain Oriented Electrical Steel Market Segment Insights

The Grain Oriented Electrical Steel Industry presents strong offers across categories. The analytical report offers forecasts of Grain Oriented Electrical Steel Industry performance across segments and countries. Key segments in the industry include- By Application (Transformer, Power Generator, Electric Motor, Others), By Grade (CRNO (Cold Rolled Non-Grain Oriented Steel), CRGO (Cold Rolled Grain Oriented Steel)). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Grain Oriented Electrical Steel Market size outlook is provided for 22 countries across these regions.

Grain Oriented Electrical Steel Industry Value Chain

The chapter identifies potential companies and their operations across the global Grain Oriented Electrical Steel Industry ecosystem. It assists decision-makers in evaluating global Grain Oriented Electrical Steel Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Grain Oriented Electrical Steel Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Grain Oriented Electrical Steel Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Grain Oriented Electrical Steel Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Grain Oriented Electrical Steel Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Grain Oriented Electrical Steel Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Grain Oriented Electrical Steel Market Insights- Executives are most excited about opportunities for the US Grain Oriented Electrical Steel Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Grain Oriented Electrical Steel Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Grain Oriented Electrical Steel Market.

Latin American Grain Oriented Electrical Steel Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Grain Oriented Electrical Steel Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Grain Oriented Electrical Steel Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Grain Oriented Electrical Steel Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Grain Oriented Electrical Steel Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include ArcelorMittal, Baosteel Group Corp, China Steel Corp, Cogent Power Ltd, Jindal Steel and Power Ltd, Nippon Steel Corp, POSCO, Tata Steel Europe, Thyssenkrupp AG, Voestalpine AG.

Grain Oriented Electrical Steel Market Scope and Segmentation

By Application

Transformer

Power Generator

Electric Motor

Others

By Grade

CRNO (Cold Rolled Non-Grain Oriented Steel)

CRGO (Cold Rolled Grain Oriented Steel)

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Grain Oriented Electrical Steel Market Research-

ArcelorMittal

Baosteel Group Corp

China Steel Corp

Cogent Power Ltd

Jindal Steel and Power Ltd

Nippon Steel Corp

POSCO

Tata Steel Europe

Thyssenkrupp AG

Voestalpine AG

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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