Non-Grain Oriented Electrical Steel Market Growth, Analysis, and Industry Insights 2024 to 2032
Non-Grain Oriented Electrical Steel (NGOES) is a crucial material used in electric motors, transformers, and generators due to its high magnetic permeability and low core loss properties. Unlike grain-oriented electrical steel, which is optimized for transformers, NGOES is designed for applications requiring multi-directional magnetic properties, making it essential in the automotive, industrial, and energy sectors. With the rise of electric vehicles (EVs) and renewable energy systems, the demand for high-performance electrical steel is growing rapidly.
The Non-Grain Oriented Electrical Steel Market size was USD 17.91 billion in 2023 and is expected to Reach USD 27.92 billion by 2032 and grow at a CAGR of 5.06% over the forecast period of 2024-2032.
Future Scope
The increasing adoption of EVs and energy-efficient electrical appliances is expected to drive significant growth in the NGOES market. Manufacturers are investing in advanced processing techniques, such as high-silicon steel compositions and nano-crystalline coatings, to enhance performance and reduce energy losses. The shift toward high-frequency applications, including next-generation EV drivetrains and smart grid infrastructure, is also creating new opportunities for non-grain oriented electrical steel. Additionally, policies promoting energy efficiency and electrification are expected to further accelerate market expansion.
Emerging Trends
The transition to high-efficiency electric motors in EVs and industrial automation is fueling demand for premium-grade NGOES. The development of thinner, high-permeability electrical steels is improving motor efficiency and performance. Additionally, research into non-silicon-based electrical steels is opening avenues for further innovation. The market is also witnessing increased investments in sustainable manufacturing practices, including low-carbon steel production, to align with global decarbonization goals.
Key Points
· Non-Grain Oriented Electrical Steel is essential for electric motors, transformers, and generators.
· The market is expanding due to the rise of electric vehicles and energy-efficient systems.
· High-silicon steel and nano-crystalline coatings are improving product efficiency.
· The demand for thinner, high-performance electrical steel is growing in high-frequency applications.
· Sustainable manufacturing practices are gaining importance in the electrical steel industry.
Conclusion
Non-Grain Oriented Electrical Steel plays a vital role in advancing energy-efficient electrical systems across industries. As electrification trends accelerate and sustainability becomes a key focus, innovations in material composition and manufacturing processes will shape the future of the NGOES market. With ongoing technological advancements, the sector is well-positioned for steady growth in the evolving energy and mobility landscape.
Read Full Report @ https://www.snsinsider.com/reports/non-grain-oriented-electrical-steel-market-3070
Contact Us:
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Giochi
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Altre informazioni
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness