# Grain Oriented Electrical Steel Market

> Grain Oriented Electrical Steel Market Research Report By Grade (Non-Oriented Electrical Steel, Grain Oriented Electrical Steel), By Application (Transformers, Electromagnetic devices, Rotating machines, Induction heating), By End-Use Industry (Automotive, Power generation, Construction, Industrial) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 3.37%
- **2024:** $ 15.86 Billion
- **2025:** $ 16.4 Billion
- **2035:** $ 22.85 Billion
- **Key Players:** Nippon Steel Corporation (JP), POSCO (KR), ArcelorMittal (LU), Thyssenkrupp AG (DE), JFE Steel Corporation (JP), United States Steel Corporation (US), AK Steel Holding Corporation (US), Baowu Steel Group Corporation Limited (CN), Tata Steel Limited (IN)

**Report ID:** MRFR/CnM/20848-HCR · **Pages:** 100 · **Author:** Chitranshi Jaiswal · **Last Updated:** May 15, 2026

**URL:** https://www.marketresearchfuture.com/reports/grain-oriented-electrical-steel-market-22448

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## Market Summary

## **Global Grain Oriented Electrical Steel Market Overview**

The Grain Oriented Electrical Steel Market Size was estimated at USD 15.86 Billion in 2024. The Grain Oriented Electrical Steel Industry is expected to grow from USD 16.40 Billion in 2025 to USD 22.10 Billion by 2034. exhibiting a compound annual growth rate (CAGR) of 3.37% during the forecast period (2025 - 2034).

**Key Grain Oriented Electrical Steel Market Trends Highlighted**

The Grain Oriented Electrical Steel Market is experiencing a surge in demand driven by the electrification of various industries, including automotive and renewable energy. Increasing government initiatives to promote energy efficiency and reduce carbon emissions are further fueling this growth. Manufacturers are focusing on research and development to enhance the magnetic properties and efficiency of grain oriented electrical steel, meeting the stringent requirements of modern electrical applications.Key market drivers include the rising demand for electric vehicles, which utilize GOES in traction motors and generators.

The rapid expansion of the renewable energy sector, particularly wind and solar power, is also boosting market growth. The construction and industrial sectors, driven by infrastructure development and urbanization, contribute significantly to the demand for grain oriented electrical steel used in transformers, motors, and generators.Recent trends in the grain oriented electrical steel market include the integration of advanced technologies such as nanocrystalline and amorphous materials to improve magnetic performance and reduce energy losses. The adoption of smart grid systems, which require efficient and reliable electrical components, is another key trend.

Additionally, manufacturers are exploring sustainable production processes to minimize environmental impact and meet regulatory requirements.

Source Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

## **Grain Oriented Electrical Steel Market Drivers**

The Grain Oriented Electrical Steel Market industry is driven by an increased need for energy efficiency for different applications across industries. Grain-oriented electrical steel is a specialized material used for the production of transformers, electric machines, and generators, among others.

The material’s specific characteristics, namely low core losses, and comparatively increase magnetic permeability make it the first-rate selection for devices and applications where a considerable share of energy is likely to be dissipated during operation.Considering the tightening of energy regulations on both the state and industry levels, the demand for grain-oriented electrical steel will only continue to grow in the future. Furthermore, the ongoing trend toward the adoption of electric vehicles and the harnessing of renewable energy sources, solar panels, also contributes to the demand for energy-efficient solutions.

In the first case, high-speed motors, and fully superconducting generators, which need reduced core losses and superior magnetic permeability, are being increasingly used for electric cars.Second, the systems that harness solar or wind energy require transformers to ensure efficient electricity transporting and converting. Finally, the ongoing urbanization and industrialization, in emerging markets where the process is most likely to continue for the upcoming decades, guarantee that there are also numerous opportunities for the grain oriented electrical steel industry.

It is inevitable that as the population of Indonesia, Brazil or India increases and their economies grow, the demand for electricity and, specifically, more energy-efficient infrastructure, will soar, necessitating the deployment of grain-oriented electrical steel for the development of more green, sustainable cities.

### **Advancements in Grain-Oriented Electrical Steel Production Technology**

The Grain Oriented Electrical Steel Market Industry is driven by the ongoing progress achieved in production technology. Manufacturers continue to invest in research and development to enhance the properties and abilities of grain-oriented electrical steel. Such improvements are ensured by the efforts to invent new alloys, to develop refined grain orientation techniques and to work on the most efficient and durable available coating types.

As a result of recent innovations in grain-oriented electrical steel production, the materials that possess lower core losses and show better saturation, superior magnetic permeability and high durability have become available on the market.More efficient electrical devices based on these materials spend less electricity and have lower operational and maintenance costs. Apart from that, the improved coating ensures that grain-oriented electrical steel has high resistance to corrosion and moisture, which means it can be used in appliances designed for operation in harsh environments.

### **Growing Focus on Renewable Energy and Energy Conservation**

Being driven by the heightened awareness about the necessity to employ renewable sources of energy and conserve it, the Grain Oriented Electrical Steel Market Industry is becoming increasingly prominent. All around the world, governments are conducting campaigns to persuade civil society to use renewable sources of energy to cut the environment damaging emissions and preserve the biosphere.

As a result, there has been a ver significant increase in the production of the devices that help to generate and utilize energy from the renewable sources, e.g., solar panels or windmills.Grain-oriented electrical steel is essential to make these devices and transformers that provide the electric power from them work. At the same time, the governments, and eco-organizations all over the world are implementing programs to conserve energy by using more energy consuming devices. The employment of grain-oriented electrical steel helps to achieve this goal.

Thus, in the nearest time, the demand for GOES is expected to increase trying to satisfy human need and desires in conserving energy and the environment.

## **Grain Oriented Electrical Steel Market Segment Insights**

### **Grain Oriented Electrical Steel Market Grade Insights  **

The Grain Oriented Electrical Steel Market is composed of two separate segments defined by the type of grade non-oriented electrical steel and grain oriented electrical steel. Growing demand is likely to be evident in the grain oriented electrical steel market, representing a larger market share due to the superior magnetic properties. Non-oriented electrical steel is expected to demonstrate a steady growth rate due to the lower cost and wide variety of applications in different industries.

Introduction Energy efficiency has become a major concern for various industries, driving the demand for energy-efficient electrical equipment such as transformers and motors. Electrical steel is the most important material for the production of magnetic cores due to its low core loss and high magnetic induction. Grain oriented electrical steel is used in the production of transformers and motors due to its superior magnetic properties. Non-oriented electrical steel is used by manufacturers without the need for specific magnetic field alignment.

Source Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

### **Grain Oriented Electrical Steel Market Application Insights  **

Transformers is a dominant segment with holding around 60% in revenue share in 2023. The need for efficient power transmission and distribution systems is driving the demand for grain-oriented electrical steel in transformers. Electromagnetic devices Around 25% The demand for energy-efficient motors and generators is expected to increase the market for grain-oriented electrical steels at around 25%. Rotating machines Wind turbines, Electric Vehicles. A rapidly growing segment Renewable energy sources and the electrification of transportation are driving the demand for High efficiency rotating machines.Therefore, it is expected to increase the market.

Induction heating Approximately 10% Automotive, aerospace, and metalworking industries are some of the major end-users of Induction heating.

### **Grain Oriented Electrical Steel Market End-Use Industry Insights  **

The Grain Oriented Electrical Steel Market segmentation by End-Use Industry encompasses various industries that utilize this material for diverse applications. The automotive sector represents a significant segment, driven by the rising demand for electric vehicles and hybrid cars, which require Grain Oriented Electrical Steel for their motors and generators. The power generation industry is another major consumer, with Grain Oriented Electrical Steel used in transformers, generators, and other electrical equipment.

The construction sector also utilizes Grain Oriented Electrical Steel in energy-efficient appliances and building infrastructure.Furthermore, the industrial sector employs Grain Oriented Electrical Steel in motors, generators, and transformers for various industrial applications.

### **Grain Oriented Electrical Steel Market Regional Insights  **

North America held a significant market share in 2023, owing to the presence of major electrical equipment manufacturers and the growing demand for energy-efficient appliances. Europe is another key region, driven by stringent energy regulations and a focus on sustainable energy solutions. The APAC region is projected to witness substantial growth over the forecast period, fueled by rapid industrialization and urbanization in countries like China and India.South America and MEA represent emerging markets with growing demand for grain-oriented electrical steel in infrastructure and construction projects.

The Grain Oriented Electrical Steel Market is expected to continue expanding in these regions, driven by increasing energy consumption and electrification initiatives.

Source Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

### **Grain Oriented Electrical Steel Market Key Players and Competitive Insights**

Key industry players in Grain Oriented Electrical Steel Market are investing in R activities continually to develop new products and innovate to gain competitive edge in the industry. The Grain Oriented Electrical Steel Market is extremely attractive and is extremely competitive. The presence of top leading Grain Oriented Electrical Steel Market players is extremely high in the Grain Oriented Electrical Steel Market. The market consists of large players as well as small or medium players that are also doing significant business in the Grain Oriented Electrical Steel Market.

The key players of the Grain Oriented Electrical Steel Market include JFE Steel, Nippon Steel Sumitomo Metal Corporation, Baosteel, ArcelorMittal, and ThyssenKrupp, and these players hold a significant share in the Grain Oriented Electrical Steel Market revenue. Grain Oriented Electrical Steel Market is expected to register significant growth in the coming years fueled by growing demand in automotive and power generation industry.Nippon Steel Sumitomo Metal Corporation is one of the top players in the Grain Oriented Electrical Steel Market.

The company is planning to expand its presence in other regions and already has a strong presence in the Asia-Pacific and has been continuously investing in R activities to develop new products. The company has a wide range of Grain Oriented Electrical Steel products that have been used in various applications. Moreover, the company is extremely popular in the automotive industry as a leading supplier of Grain Oriented Electrical Steel products.JFE Steel is another top player of the Grain Oriented Electrical Steel Market.

The company is planning to expand its market presence and already has a strong presence in the Asia-Pacific and in other regions. The company is continuously developing new products and is gaining a competitive edge in the market due to its investments in R activities. The company has wide range of Grain Oriented Electrical Steel products which are used in various applications and have also been a leading supplier of its products to power generation industry.

## **Key Companies in the Grain Oriented Electrical Steel Market Include**

## Grain Oriented Electrical Steel Industry Developments

- **Q2 2024: thyssenkrupp Steel launches bluemint® powercore®: the first CO2-reduced grain-oriented electrical steel** Thyssenkrupp Steel announced the launch of bluemint® powercore®, a new grain-oriented electrical steel with up to 50% lower CO2 emissions, targeting transformer manufacturers seeking sustainable materials.
- **Q2 2024: POSCO begins mass production of high-efficiency grain oriented electrical steel at Gwangyang Works** POSCO commenced mass production of high-efficiency grain oriented electrical steel at its Gwangyang facility, aiming to meet growing demand from the global transformer industry.
- **Q1 2024: Nippon Steel to expand grain oriented electrical steel production capacity at Setouchi Works** Nippon Steel announced a major investment to expand production capacity for grain oriented electrical steel at its Setouchi Works, with completion targeted for late 2025.
- **Q2 2024: JFE Steel develops new ultra-low loss grain oriented electrical steel for next-generation transformers** JFE Steel introduced a new grade of ultra-low loss grain oriented electrical steel designed for high-efficiency transformers, supporting the shift to renewable energy grids.
- **Q3 2024: ArcelorMittal inaugurates new grain oriented electrical steel line at Saint-Chély-d’Apcher plant** ArcelorMittal officially opened a new production line for grain oriented electrical steel at its Saint-Chély-d’Apcher facility in France, increasing its supply capacity for the European market.
- **Q2 2024: Tata Steel signs MoU with Indian transformer manufacturer for supply of grain oriented electrical steel** Tata Steel signed a memorandum of understanding with a leading Indian transformer manufacturer to supply grain oriented electrical steel for use in energy-efficient transformers.
- **Q1 2024: Baowu Steel Group announces new R&D center for grain oriented electrical steel in Shanghai** Baowu Steel Group launched a new research and development center in Shanghai focused on advancing grain oriented electrical steel technologies for the power sector.
- **Q2 2024: USITC votes to continue anti-dumping investigation on grain oriented electrical steel imports from Japan and South Korea** The US International Trade Commission voted to continue its anti-dumping investigation into imports of grain oriented electrical steel from Japan and South Korea, citing potential injury to the domestic industry.
- **Q3 2024: Cogne Acciai Speciali invests €50 million in new grain oriented electrical steel production facility in Italy** Cogne Acciai Speciali announced a €50 million investment to build a new facility dedicated to the production of grain oriented electrical steel, with operations expected to begin in 2025.
- **Q2 2024: Primetals Technologies to supply new annealing line for grain oriented electrical steel to Chinese steelmaker** Primetals Technologies secured a contract to supply a state-of-the-art annealing line for grain oriented electrical steel to a major Chinese steel producer, enhancing production efficiency and quality.
- **Q1 2024: Cleveland-Cliffs announces executive appointment to lead grain oriented electrical steel business** Cleveland-Cliffs appointed a new executive vice president to oversee its grain oriented electrical steel operations, reflecting the company's focus on expanding its presence in the transformer steel market.
- **Q2 2024: Siemens Energy partners with European steelmaker to develop next-generation grain oriented electrical steel for transformers** Siemens Energy entered into a partnership with a leading European steelmaker to co-develop advanced grain oriented electrical steel grades for use in high-efficiency power transformers.

## **Grain Oriented Electrical Steel Market Segmentation Insights**

## Market Drivers

### Growth in Electric Vehicle Adoption

The Grain Oriented Electrical Steel Market is significantly influenced by the rapid growth in electric vehicle (EV) adoption. As the automotive sector shifts towards electrification, the demand for high-performance electrical components, including those made from grain oriented electrical steel, is on the rise. This material is critical for the efficient operation of electric motors and transformers used in EVs, which require advanced magnetic properties to enhance performance and reduce energy consumption. Recent projections indicate that the electric vehicle market is expected to expand substantially, driven by consumer preferences and government incentives. This growth presents a lucrative opportunity for the Grain Oriented Electrical Steel Market, as manufacturers seek to supply the necessary materials to meet the increasing production of electric vehicles. Consequently, the industry is likely to witness heightened investment and innovation to support this trend.

### Technological Innovations in Manufacturing

The Grain Oriented Electrical Steel Market is experiencing a surge in technological innovations that enhance production efficiency and product quality. Advanced manufacturing techniques, such as the use of high-speed processing and precision engineering, are being adopted to meet the increasing demand for high-performance electrical steel. These innovations not only reduce production costs but also improve the magnetic properties of the steel, making it more suitable for applications in transformers and electric motors. As a result, manufacturers are likely to invest in state-of-the-art equipment and processes, which could lead to a more competitive market landscape. Furthermore, the integration of automation and artificial intelligence in production lines is expected to streamline operations, thereby increasing output and reducing waste. This trend indicates a promising future for the Grain Oriented Electrical Steel Market as it adapts to evolving technological demands.

### Expansion of Renewable Energy Infrastructure

The Grain Oriented Electrical Steel Market is poised for growth due to the expansion of renewable energy infrastructure. As countries invest heavily in wind and solar energy, the demand for transformers and generators that utilize grain oriented electrical steel is expected to rise. This material is essential for optimizing the performance of electrical equipment used in renewable energy applications, thereby facilitating the transition to cleaner energy sources. Recent statistics indicate that investments in renewable energy projects are increasing, with a significant portion allocated to enhancing grid infrastructure. This trend suggests that the Grain Oriented Electrical Steel Market will benefit from the heightened need for efficient and reliable electrical components that support renewable energy generation and distribution. As such, manufacturers are likely to focus on producing high-quality grain oriented electrical steel to cater to this burgeoning market.

### Rising Demand for Energy-Efficient Solutions

The Grain Oriented Electrical Steel Market is witnessing a notable increase in demand for energy-efficient solutions across various sectors. As industries and consumers alike become more conscious of energy consumption, the need for materials that enhance efficiency in electrical applications is paramount. Grain oriented electrical steel, known for its superior magnetic properties, plays a crucial role in reducing energy losses in transformers and electric motors. According to recent data, the market for energy-efficient electrical equipment is projected to grow significantly, driven by regulatory frameworks and incentives aimed at promoting sustainability. This shift towards energy efficiency not only supports environmental goals but also aligns with the economic interests of manufacturers seeking to lower operational costs. Consequently, the Grain Oriented Electrical Steel Market is likely to expand as it meets the rising demand for innovative, energy-saving technologies.

### Increasing Urbanization and Infrastructure Development

The Grain Oriented Electrical Steel Market is benefiting from the increasing urbanization and infrastructure development trends observed in various regions. As urban areas expand, the demand for reliable electrical infrastructure, including transformers and power distribution systems, is growing. Grain oriented electrical steel is essential for these applications due to its superior magnetic properties, which enhance the efficiency of electrical equipment. Recent data suggests that urbanization is driving significant investments in infrastructure projects, particularly in emerging economies. This trend indicates a robust demand for electrical steel products, as manufacturers strive to meet the needs of modern urban environments. Furthermore, the ongoing development of smart grids and advanced electrical systems is likely to further propel the Grain Oriented Electrical Steel Market, as these technologies require high-quality materials to function effectively.

## Future Outlook

The Grain Oriented Electrical Steel Market is projected to grow at a 3.37% CAGR from 2025 to 2035, driven by increasing demand for energy-efficient transformers and renewable energy applications.

**New opportunities:**

- Development of high-performance, low-loss electrical steel grades for renewable energy systems. Expansion into emerging markets with tailored product offerings for local industries. Investment in advanced manufacturing technologies to enhance production efficiency and reduce costs.

By 2035, the market is expected to solidify its position as a key player in the electrical steel sector.

## Segment Insights

### By Grade: Grain Oriented Electrical Steel (Largest) vs. Non-Oriented Electrical Steel (Fastest-Growing)

In the Grain Oriented [Electrical Steel](https://www.marketresearchfuture.com/reports/electrical-steel-market-9927) Market, Grain Oriented Electrical Steel holds the largest market share, being widely adopted in applications where improved electromagnetic performance is crucial. In contrast, Non-Oriented Electrical Steel, while currently smaller in market share, is experiencing rapid growth due to its versatile applications in various industries, including automotive and appliances. As demand for energy-efficient products rises, both segment values are at critical junctures in their market trajectories.

Grain Oriented Electrical Steel (Dominant) vs. Non-Oriented Electrical Steel (Emerging)

Grain Oriented Electrical Steel is characterized by its superior magnetic properties, making it the preferred choice for transformer and motor core applications, significantly enhancing efficiency in electrical devices. Conversely, Non-Oriented Electrical Steel serves as an emerging segment, offering a more versatile solution due to its isotropic magnetic properties, which are essential for various electrical applications. Despite its smaller market size, the growth potential for Non-Oriented Electrical Steel is being fueled by increasing demand in the automotive sector, making it a notable competitor in the electrical steel landscape.

### By Application: Transformers (Largest) vs. Induction Heating (Fastest-Growing)

Within the Grain Oriented Electrical Steel Market, the application segment predominantly comprises Transformers, Electromagnetic devices, Rotating machines, and Induction heating. The Transformer sector stands out as the largest contributor to market share due to its critical role in power distribution and electrical grids. Electromagnetic devices and Rotating machines follow, demonstrating notable demand, while the Induction heating sector is quickly gaining traction. Overall, the segment showcases a dynamic distribution of applications catering to various industrial and commercial needs.

Transformers (Dominant) vs. Induction Heating (Emerging)

Transformers are the dominant application in the Grain Oriented Electrical Steel Market, primarily due to their essential function in electricity transmission and distribution. They utilize grain-oriented steel to enhance efficiency and reduce energy losses. On the other hand, Induction heating is an emerging application with significant growth potential. This technology employs electromagnetic induction to heat materials, offering advantages in precision and energy efficiency. The increasing demand for energy-efficient appliances and advancements in induction heating technology position it as a key growth driver in the market, attracting attention from manufacturers aiming to enhance their product offerings.

### By End-Use Industry: Power Generation (Largest) vs. Automotive (Fastest-Growing)

The Grain Oriented Electrical Steel Market (GOES) market exhibits a diverse distribution among its end-use industries, with Power Generation holding the largest share. This segment benefits from the increasing demand for efficient transformers and generators that leverage GOES to enhance performance. Automotive follows as a significant sector, driven by the growing electrification of vehicles, which subsequently promotes the adoption of GOES for more efficient electric motor applications. Meanwhile, Construction and Industrial segments also contribute but with comparatively lower shares, highlighting the dominance of Power Generation in the market landscape. In terms of growth trends, the automotive sector is emerging rapidly due to the global shift towards electric vehicles, creating a burgeoning demand for GOES to improve energy efficiency and reduce weight. The Power Generation sector continues to be steady, driven by ongoing investments in renewable energy sources and the need for reliable and efficient electrical power outputs. The Construction and Industrial sectors also see moderate growth, but technological advancements and sustainability initiatives will remain crucial for their advancement in the GOES market.

Power Generation (Dominant) vs. Automotive (Emerging)

The Power Generation sector remains dominant in the Grain Oriented Electrical Steel Market, fueled by ongoing projects in renewable energy and the demand for efficient transformers to optimize electrical systems. This segment capitalizes on the unique properties of GOES, such as high magnetization and low losses, making it indispensable for power generation applications. Conversely, the Automotive sector, while currently seen as emerging, is witnessing rapid growth. The rise of electric vehicles necessitates the use of advanced metal solutions like GOES for electric motors, thereby driving innovations and expansions within this segment. Both sectors are integral to the future of the GOES market, with Power Generation providing stability and Automotive offering growth potential.

## Regional Market Share Analysis

### North America : Innovation and Demand Surge

The North American Grain Oriented Electrical Steel Market is driven by increasing demand from the renewable energy sector and electric vehicle production. The U.S. holds the largest market share at approximately 60%, followed by Canada at around 25%. Regulatory support for clean energy initiatives is further propelling growth, with policies aimed at reducing carbon emissions and enhancing energy efficiency. Leading players in this region include United States Steel Corporation and AK Steel Holding Corporation, which are focusing on innovation and sustainability. The competitive landscape is characterized by strategic partnerships and investments in advanced manufacturing technologies. The presence of major automotive and energy companies also boosts demand for high-quality electrical [steel products](https://www.marketresearchfuture.com/reports/steel-products-market-8240).

### Europe : Sustainability and Innovation Focus

Europe is witnessing a significant transformation in the Grain Oriented Electrical Steel Market, driven by stringent environmental regulations and a push for sustainable manufacturing practices. Germany and France are the largest markets, holding approximately 40% and 20% market shares, respectively. The European Union's Green Deal and various national policies are catalyzing investments in green technologies and energy-efficient solutions. Key players such as Thyssenkrupp AG and ArcelorMittal are leading the charge in innovation, focusing on producing high-performance electrical steel with reduced environmental impact. The competitive landscape is marked by collaborations aimed at enhancing product quality and sustainability. The region's commitment to achieving carbon neutrality by 2050 is shaping the future of the electrical steel market.

### Asia-Pacific : Rapid Industrialization and Growth

The Asia-Pacific region is experiencing rapid growth in the Grain Oriented Electrical Steel Market, primarily driven by industrialization and urbanization. China is the largest market, accounting for approximately 70% of the regional share, followed by Japan at around 15%. The increasing demand for electrical steel in manufacturing and energy sectors is supported by government initiatives promoting infrastructure development and renewable energy projects. Leading companies like Nippon Steel Corporation and JFE Steel Corporation are at the forefront, focusing on technological advancements and capacity expansion. The competitive landscape is characterized by a mix of domestic and international players, with a strong emphasis on quality and innovation. The region's robust manufacturing base continues to attract investments, further enhancing market growth.

### Middle East and Africa : Emerging Markets and Opportunities

The Middle East and Africa (MEA) region is gradually emerging as a potential market for Grain Oriented Electrical Steel Market, driven by increasing industrial activities and infrastructure development. Countries like South Africa and the UAE are leading the market, holding approximately 30% and 20% shares, respectively. The region's growth is supported by government initiatives aimed at diversifying economies and enhancing energy efficiency in various sectors. Key players in this region are focusing on establishing local manufacturing capabilities to meet the growing demand. The competitive landscape is evolving, with both regional and international companies vying for market share. Investments in renewable energy projects and industrial infrastructure are expected to further boost the demand for electrical steel products in the coming years.

## Competitive Benchmarking

The Grain Oriented Electrical Steel Market is characterized by a dynamic competitive landscape, driven by increasing demand for energy-efficient electrical equipment and the growing emphasis on renewable energy sources. Major players such as Nippon Steel Corporation (Japan), POSCO (South Korea), and Thyssenkrupp AG (Germany) are strategically positioning themselves through innovation and regional expansion. Nippon Steel Corporation (Japan) focuses on enhancing its production capabilities to meet the rising demand for high-performance electrical steel, while POSCO (South Korea) emphasizes sustainable manufacturing practices. Thyssenkrupp AG (Germany) is actively pursuing partnerships to bolster its technological advancements, thereby shaping a competitive environment that prioritizes efficiency and sustainability.Key business tactics within the Grain Oriented Electrical Steel Market include localizing manufacturing and optimizing supply chains to enhance responsiveness to regional demands. The market structure appears moderately fragmented, with several key players exerting influence over pricing and innovation. This fragmentation allows for a diverse range of products and services, fostering competition that drives technological advancements and operational efficiencies.
In August Nippon Steel Corporation (Japan) announced the launch of a new production line dedicated to high-grade electrical steel, aimed at enhancing its market share in the renewable energy sector. This strategic move is likely to position the company favorably against competitors by catering to the increasing demand for efficient transformers and generators, which are essential for wind and solar energy applications. The investment in advanced manufacturing technologies underscores Nippon Steel's commitment to innovation and sustainability.
In September POSCO (South Korea) unveiled a partnership with a leading technology firm to develop AI-driven solutions for optimizing production processes in electrical steel manufacturing. This collaboration is expected to enhance operational efficiency and reduce waste, aligning with global sustainability goals. By integrating AI into its operations, POSCO is not only improving its competitive edge but also setting a precedent for digital transformation within the industry.
In July Thyssenkrupp AG (Germany) entered into a joint venture with a European energy company to develop next-generation electrical steel products tailored for electric vehicle applications. This strategic alliance is indicative of Thyssenkrupp's proactive approach to diversifying its product offerings and tapping into the burgeoning electric vehicle market. The collaboration is anticipated to yield innovative solutions that meet the evolving needs of the automotive sector, further solidifying Thyssenkrupp's position in the market.
As of October current competitive trends in the Grain Oriented Electrical Steel Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are playing a crucial role in shaping the landscape, enabling companies to leverage shared expertise and resources. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability, reflecting a broader shift towards sustainable practices and efficiency in production.

## Recent News & Developments

- **Q2 2024: thyssenkrupp Steel launches bluemint® powercore®: the first CO2-reduced grain-oriented electrical steel** Thyssenkrupp Steel announced the launch of bluemint® powercore®, a new grain-oriented electrical steel with up to 50% lower CO2 emissions, targeting transformer manufacturers seeking sustainable materials.
- **Q2 2024: POSCO begins mass production of high-efficiency grain oriented electrical steel at Gwangyang Works** POSCO commenced mass production of high-efficiency grain oriented electrical steel at its Gwangyang facility, aiming to meet growing demand from the global transformer industry.
- **Q1 2024: Nippon Steel to expand grain oriented electrical steel production capacity at Setouchi Works** Nippon Steel announced a major investment to expand production capacity for grain oriented electrical steel at its Setouchi Works, with completion targeted for late 2025.
- **Q2 2024: JFE Steel develops new ultra-low loss grain oriented electrical steel for next-generation transformers** JFE Steel introduced a new grade of ultra-low loss grain oriented electrical steel designed for high-efficiency transformers, supporting the shift to renewable energy grids.
- **Q3 2024: ArcelorMittal inaugurates new grain oriented electrical steel line at Saint-Chély-d’Apcher plant** ArcelorMittal officially opened a new production line for grain oriented electrical steel at its Saint-Chély-d’Apcher facility in France, increasing its supply capacity for the European market.
- **Q2 2024: Tata Steel signs MoU with Indian transformer manufacturer for supply of grain oriented electrical steel** Tata Steel signed a memorandum of understanding with a leading Indian transformer manufacturer to supply grain oriented electrical steel for use in energy-efficient transformers.
- **Q1 2024: Baowu Steel Group announces new R&D center for grain oriented electrical steel in Shanghai** Baowu Steel Group launched a new research and development center in Shanghai focused on advancing grain oriented electrical steel technologies for the power sector.
- **Q2 2024: USITC votes to continue anti-dumping investigation on grain oriented electrical steel imports from Japan and South Korea** The US International Trade Commission voted to continue its anti-dumping investigation into imports of grain oriented electrical steel from Japan and South Korea, citing potential injury to the domestic industry.
- **Q3 2024: Cogne Acciai Speciali invests €50 million in new grain oriented electrical steel production facility in Italy** Cogne Acciai Speciali announced a €50 million investment to build a new facility dedicated to the production of grain oriented electrical steel, with operations expected to begin in 2025.
- **Q2 2024: Primetals Technologies to supply new annealing line for grain oriented electrical steel to Chinese steelmaker** Primetals Technologies secured a contract to supply a state-of-the-art annealing line for grain oriented electrical steel to a major Chinese steel producer, enhancing production efficiency and quality.
- **Q1 2024: Cleveland-Cliffs announces executive appointment to lead grain oriented electrical steel business** Cleveland-Cliffs appointed a new executive vice president to oversee its grain oriented electrical steel operations, reflecting the company's focus on expanding its presence in the transformer steel market.
- **Q2 2024: Siemens Energy partners with European steelmaker to develop next-generation grain oriented electrical steel for transformers** Siemens Energy entered into a partnership with a leading European steelmaker to co-develop advanced grain oriented electrical steel grades for use in high-efficiency power transformers.

## Report Scope

| MARKET SIZE 2024 | 15.86(USD Billion) |
| --- | --- |
| MARKET SIZE 2025 | 16.4(USD Billion) |
| MARKET SIZE 2035 | 22.85(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.37% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Nippon Steel Corporation (JP), POSCO (KR), ArcelorMittal (LU), Thyssenkrupp AG (DE), JFE Steel Corporation (JP), United States Steel Corporation (US), AK Steel Holding Corporation (US), Baowu Steel Group Corporation Limited (CN), Tata Steel Limited (IN) |
| Segments Covered | Grade, Application, End-Use Industry, Regional |
| Key Market Opportunities | Advancements in electric vehicle technology drive demand for high-performance Grain Oriented Electrical Steel. |
| Key Market Dynamics | Rising demand for energy-efficient transformers drives innovation and competition in the Grain Oriented Electrical Steel Market. |
| Countries Covered | North America, Europe, APAC, South America, MEA |

## Frequently Asked Questions

**Q: What is the projected market valuation for the Grain Oriented Electrical Steel Market in 2035?**
A: The projected market valuation for the Grain Oriented Electrical Steel Market in 2035 is 22.85 USD Billion.

**Q: What was the market valuation for the Grain Oriented Electrical Steel Market in 2024?**
A: The market valuation for the Grain Oriented Electrical Steel Market in 2024 was 15.86 USD Billion.

**Q: What is the expected CAGR for the Grain Oriented Electrical Steel Market from 2025 to 2035?**
A: The expected CAGR for the Grain Oriented Electrical Steel Market during the forecast period 2025 - 2035 is 3.37%.

**Q: Which companies are considered key players in the Grain Oriented Electrical Steel Market?**
A: Key players in the Grain Oriented Electrical Steel Market include Nippon Steel Corporation, POSCO, ArcelorMittal, Thyssenkrupp AG, and JFE Steel Corporation.

**Q: What are the main applications of Grain Oriented Electrical Steel?**
A: The main applications of Grain Oriented Electrical Steel include transformers, electromagnetic devices, rotating machines, and induction heating.

**Q: How much is the Grain Oriented Electrical Steel segment expected to grow by 2035?**
A: The Grain Oriented Electrical Steel segment is expected to grow from 10.86 USD Billion in 2024 to 15.85 USD Billion by 2035.

**Q: What is the market size for the automotive end-use industry in the Grain Oriented Electrical Steel Market?**
A: The market size for the automotive end-use industry in the Grain Oriented Electrical Steel Market is projected to grow from 3.5 USD Billion to 5.0 USD Billion by 2035.

**Q: What is the projected market size for transformers in the Grain Oriented Electrical Steel Market?**
A: The projected market size for transformers in the Grain Oriented Electrical Steel Market is expected to increase from 5.0 USD Billion to 7.0 USD Billion by 2035.

**Q: What is the expected growth for the industrial end-use segment in the Grain Oriented Electrical Steel Market?**
A: The industrial end-use segment is anticipated to grow from 4.86 USD Billion in 2024 to 7.35 USD Billion by 2035.

**Q: How does the Grain Oriented Electrical Steel Market compare to the Non-Oriented Electrical Steel segment?**
A: The Grain Oriented Electrical Steel segment is projected to reach 15.85 USD Billion by 2035, compared to 7.0 USD Billion for Non-Oriented Electrical Steel.


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*This Markdown endpoint is provided for AI systems and LLM crawlers. For the full interactive report visit https://www.marketresearchfuture.com/reports/grain-oriented-electrical-steel-market-22448*