The Non Grain Oriented Electrical Steel Market is undergoing a steady transformation as industries worldwide intensify their focus on energy efficiency, electrification, and advanced motor technologies. This material, known for its uniform magnetic properties in all directions, plays a critical role in the performance of electric motors, generators, transformers, and modern power systems. As global economies shift toward sustainable mobility and smart energy solutions, NGO electrical steel is becoming increasingly essential for enabling higher efficiency and reducing energy losses.According to Market Research Future(MRFR) analysis, the Non-Grain-Oriented Electrical Steel Market Size was estimated at 10.71 USD Billion in 2024, and the industry is projected to grow from 11.05 USD Billion in 2025 to 15.05 USD Billion by 2035, registering a CAGR of 3.14% during the forecast period (2025–2035). This growth reflects accelerating investments in electric vehicles, renewable energy systems, household appliances, and industrial equipment—key sectors that rely heavily on high-performance electrical steel.
One of the major drivers of the market is the rising adoption of electric vehicles, which require highly efficient motors built using NGO electrical steel. Additionally, rapid urbanization combined with the expansion of HVAC systems and home appliances continues to boost consumption across developing economies. Technological upgrades in steel processing—such as improved silicon content, insulation coatings, and advanced rolling techniques—are further elevating product performance and broadening application possibilities.
Overall, the Non-Grain-Oriented Electrical Steel market is positioned for consistent growth as industries worldwide transition toward electrified, efficient, and environmentally responsible technologies
.
Browse More Reports:
Aerosol Propellant Market
Resins In Paints And Coating Market
Transparent Coating Market
Corrosion Protection Coating Market
Coenzyme Q10 Market