Non-Grain Oriented Electrical Steel Market Expands as Demand for High-Performance Rotating Machinery Increases

The global non-grain oriented electrical steel (NGOES) market is projected to reach USD 21.10 billion by 2024, and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2030. Commonly referred to as isotropic electrical steel, NGOES is a critical material used in electric motors, transformers, and other energy-efficient devices. Its ability to reduce energy losses and improve operational performance makes it indispensable for manufacturers prioritizing efficiency and sustainability.

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The transition to clean energy and the widespread push for energy-efficient technologies have significantly increased the demand for advanced electrical machinery, bolstering NGOES adoption across multiple industries.

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End-Use Industry Insights

Transformers

NGOES enhances energy conversion in transformers, particularly those used in renewable energy applications. As energy grids shift toward decentralization and intermittent sources like wind and solar, transformers made with NGOES help reduce energy losses and maintain power quality.

Motors

Electric motors represent a key growth segment. The increasing demand for efficient and compact motors in EVs, industrial machines, and household appliances is driving NGOES usage. It delivers uniform magnetic properties, making it ideal for high-speed rotating machinery.

Inductors and Others

Inductors and other specialty components, such as generators and actuators, also rely on NGOES for their high-frequency magnetic performance, contributing to growth in consumer electronics and industrial systems.

Challenges and Restraints

  • Higher Production Costs: The manufacturing of NGOES requires precision in metallurgical control, resulting in higher costs than other types of electrical steel. This may limit its adoption in cost-sensitive applications, particularly in developing markets.

  • Supply Chain Disruptions: Volatility in the availability and pricing of critical raw materials like iron and silicon—often influenced by geopolitical dynamics—could pose risks to stable supply and pricing of NGOES.

Key Market Drivers and Opportunities

Electrification of Mobility

NGOES plays a central role in the production of high-efficiency stators and rotors used in electric vehicle (EV) motors. As global governments push for greener transportation policies, demand for high-grade electrical steel in EV applications is rising sharply. Developments in battery and motor technologies are further emphasizing the importance of NGOES in delivering compact, high-performance electric powertrains.

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