According to Syndicate Market Research, the global Grain Oriented Electrical Steel market hit about USD 13.02 billion in 2024. The Grain Oriented Electrical Steel industry is expected to reach around USD 13.75 billion in 2025 and a whopping USD 22.71 billion by 2034, growing at a steady compound annual growth rate (CAGR) of roughly 5.7% from 2026 to 2034. The report analyzes the Grain Oriented Electrical Steel market's drivers, restraints, and the impact it has on demand during the forecast period. Furthermore, it will assist in navigating and exploring emerging market prospects.
The Grain Oriented Electrical Steel market involves specialized silicon steel with aligned grain structures to minimize energy losses in magnetic fields, primarily used in transformers and electric motors for efficient power transmission and distribution. This material enhances electrical conductivity while reducing core losses, making it vital for energy-efficient electrical equipment.
The market is propelled by growth drivers such as rising demand for renewable energy infrastructure and electrification trends, alongside restraints like fluctuating raw material prices and supply chain issues; key trends include advancements in high-permeability grades and sustainable production methods to meet environmental standards.
Growth Drivers
The global shift towards sustainable energy sources like wind and solar increases the need for efficient transformers using grain oriented electrical steel to handle variable power loads with minimal losses. This driver is amplified by government incentives for green energy projects, boosting market demand.
Furthermore, advancements in steel grades enhance performance, supporting integration into smart grids and EV charging networks, driving long-term growth.
Volatility in silicon and iron ore prices, influenced by geopolitical tensions and supply disruptions, raises production costs and affects profitability. This restraint limits expansion in cost-sensitive markets.
Additionally, dependency on specific suppliers creates vulnerabilities, potentially delaying projects and hindering market stability.
Opportunities
Innovations in material science offer opportunities for developing ultra-low-loss steel, opening new applications in high-efficiency motors and generators. This attracts investments in R&D for premium products.
Collaborations with energy firms can customize solutions for emerging technologies like hydrogen power, expanding market reach.
Challenges
Compliance with emission standards in manufacturing processes increases operational costs, challenging producers to adopt cleaner technologies. This can slow innovation in traditional methods.
Balancing quality with sustainability requires significant investment, impacting competitiveness in regulated regions.
| Report Attributes | Report Details |
|---|---|
| Report Name | Grain Oriented Electrical Steel Market |
| Market Size in 2024 | USD 13.02 Billion |
| Market Size in 2025 | USD 13.75 Billion |
| Market Forecast in 2034 | USD 22.71 Billion |
| Growth Rate (2026-2034) | CAGR of 5.7% |
| Base Year | 2025 |
| Historical Year | 2020 - 2024 |
| Forecast Year | 2026 - 2034 |
| Number of Pages | 237 |
| Report Coverage | Revenue Forecast, Market Dynamics, Company Profile, Competitive Landscape, Recent Developments, Growth Factors, and Recent Trends |
| Key Companies Covered | Nippon Steel Corporation, POSCO, JFE Steel Corporation, Baoshan Iron & Steel Co., Ltd. (Baosteel), Thyssenkrupp AG, ArcelorMittal S.A., Cleveland-Cliffs Inc. (AK Steel), Voestalpine Stahl GmbH, Tata Steel Limited, Stalprodukt S.A., and Others. |
| Segments Covered | By Type, By Application, By End-User, and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, and The Middle East and Africa (MEA) |
| Customization Scope | Customization for Segments, Region, Country-level will be provided. Avail customized purchase options to meet your exact research needs. Request For Customization |
The Grain Oriented Electrical Steel market is segmented by type, application, end-user, and region.
Based on Type Segment, the Grain Oriented Electrical Steel market is divided into conventional, high magnetic strength sheets, domain refinement, and others. High magnetic strength sheets emerges as the most dominant subsegment, followed by domain refinement as the second most dominant. High magnetic strength sheets dominates due to its enhanced magnetic properties that reduce energy losses in high-voltage applications, making it essential for modern power systems; this subsegment drives the market by improving efficiency in transformers, supporting global energy conservation efforts.
Based on Application Segment, the Grain Oriented Electrical Steel market is divided into transformers, motors, inductors, and others. Transformers stands out as the most dominant subsegment, with motors as the second most dominant. Transformers' dominance stems from the material's ability to minimize core losses in power distribution, crucial for electricity networks; this drives market growth by enabling reliable, low-loss energy transmission amid rising global power demands.
Based on End-User Segment, the Grain Oriented Electrical Steel market is divided into energy, automotive, manufacturing, household appliances, and others. Energy is the most dominant subsegment, followed by automotive as the second most dominant. The energy sector's dominance is attributed to expanding grids and renewable integration requiring efficient steel for transformers; this subsegment propels the market by facilitating sustainable power infrastructure developments worldwide.
Asia Pacific commands the Grain Oriented Electrical Steel market, fueled by massive infrastructure investments and renewable energy expansions. China dominates with its leading manufacturing capacity and demand from power grid upgrades, supported by government policies on energy efficiency; this strengthens its global export position.
North America follows, driven by technological advancements in smart grids. The United States leads with investments in renewable integration, emphasizing low-loss materials for sustainability.
Europe prioritizes green energy transitions, with Germany dominating through its focus on wind power and efficient transformers, aligned with EU carbon reduction goals.
Latin America emerges with electrification projects, Brazil leading due to hydropower expansions requiring durable steel.
The Middle East and Africa show potential in infrastructure, Saudi Arabia dominating via diversification into renewables.
Some of the significant players in the global Grain Oriented Electrical Steel market include;
By Type
By Application
By End-User
By Region
What is Grain Oriented Electrical Steel?
Grain Oriented Electrical Steel is a specialized silicon steel with aligned grains to reduce magnetic losses, used in transformers and motors for efficient power handling.
What are the principal factors expected to drive expansion in the Grain Oriented Electrical Steel market between 2026 and 2034?
Principal factors include renewable energy growth, electrification trends, infrastructure developments, and advancements in high-efficiency steel grades.
What is the projected market size of the Grain Oriented Electrical Steel market from 2026 to 2034?
The market is projected to grow from approximately USD 14.51 billion in 2026 to USD 22.71 billion by 2034.
What overall growth rate (CAGR) is the Grain Oriented Electrical Steel market predicted to achieve between 2026 and 2034?
The market is predicted to achieve a CAGR of 5.7% between 2026 and 2034, driven by energy sector demands.
Which geographic region is forecasted to be a leading contributor to the overall Grain Oriented Electrical Steel market valuation?
Asia Pacific is forecasted to be the leading contributor, owing to industrialization and renewable projects.
Who are the top companies dominating and driving the Grain Oriented Electrical Steel market forward?
Top companies include Nippon Steel Corporation, POSCO, JFE Steel Corporation, Baoshan Iron & Steel Co., Ltd., and Thyssenkrupp AG, advancing through innovations.
What key information or findings can typically be expected from the global Grain Oriented Electrical Steel market report?
Key information includes market size forecasts, segmentation details, regional analysis, competitive landscape, growth drivers, restraints, and material trends.
What are the various stages in the value chain of the global Grain Oriented Electrical Steel industry?
The value chain includes raw material sourcing, steel production, annealing and coating, distribution, and application in electrical equipment.
How are current market trends and evolving consumer preferences influencing the Grain Oriented Electrical Steel market?
Trends like sustainable energy and preferences for efficient materials are boosting demand for low-loss steel in renewables and EVs.
What regulatory changes or environmental factors are impacting the growth of the Grain Oriented Electrical Steel market?
Regulatory changes on energy efficiency and environmental factors like carbon reduction are promoting advanced steel, positively impacting growth.
These players adopted different strategies so as to hold major market share in this market. Some of the major players in [keyword] industry includes. [players list]
Based on the [keyword] market analysis, North America is predicted to held the highest share in the [keyword] market during the forecast period.
The statistical data of the top market players of [keyword] industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the [keyword] industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the [keyword] by segmenting the market based on [segment1], [segment2], and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
The sample for [keyword] market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
The participants who typically take part in such a process include, but are not limited to:
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.
We focus on the quality and accuracy of the report
Our expert team will assist with all your research needs and customize the report
Get you queries resolved from our expert analysts before and after purchasing the report
Instant delivery in the form of a PDF/PPT/Word Doc to your email address, within 12 hours after receiving the full payment.
Analysts will provide deep insights about the reports
* We value your privacy and will never rent or sell your email address.
Comprehensive & Focused Market Reports Large Archive of Excellent Market and Industry Analysis Reports that Deliver Business Intelligence.
Safe & Secure Payment Solutions
Enabled by SSL, we provide you numerous safe payment options for
risk-free transactions.
Superior Customer Experience We serve our
customers through calls, emails and live chats for 365 days, 24x7.
Syndicate Market Research provides a range of marketing and business research solutions designed for our client’s specific needs based on our expert resources. Read More
We accept the following payment methods
