The Market Reports

Synopsis
The global market for Non Grain-oriented Electrical Steel for Electric Vehicle was estimated to be worth US$ 2974 million in 2024 and is forecast to a readjusted size of US$ 5970 million by 2031 with a CAGR of 10.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Non Grain-oriented Electrical Steel for Electric Vehicle cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Non-oriented electrical steel (silicon steel) has homogeneous magnetic properties in all directions. They are used as core materials in rotating machines, from tiny precision electric motors to large power generators. This type of steel is particularly important for electric vehicles (EVs). The use of non-oriented silicon steel enhances the efficiency and performance of electric drivetrains, a critical aspect of EV technology.
The global transition from internal combustion engine (ICE) vehicles to electric vehicles is a major driver for NGO electrical steel. As EV sales rise, the demand for efficient electric motors, which rely on high-performance materials like NGO electrical steel, also increases. This trend is fueled by consumer demand for greener transportation options, government incentives, and regulatory pressures aimed at reducing greenhouse gas emissions.
As the adoption of EVs accelerates globally, the demand for NGO electrical steel is growing. Emerging markets, especially in Asia, are seeing an increase in EV production, with countries like China, India, and South Korea playing key roles in driving this demand. As these markets grow, the need for high-performance materials like NGO electrical steel will continue to rise.
There has been ongoing research and development in electric motor technology, leading to the production of more efficient and powerful motors. This includes advancements in materials, design, and manufacturing processes, resulting in lighter, more compact, and higher-performing motors.
One of the primary goals in electric motor design for EVs is reducing core losses, as these directly affect motor efficiency and driving range. As a result, manufacturers are focusing on using thinner NGO electrical steel, which helps minimize eddy current losses (energy wasted as heat).
This report aims to provide a comprehensive presentation of the global market for Non Grain-oriented Electrical Steel for Electric Vehicle, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Non Grain-oriented Electrical Steel for Electric Vehicle by region & country, by Type, and by Application.
The Non Grain-oriented Electrical Steel for Electric Vehicle market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Non Grain-oriented Electrical Steel for Electric Vehicle.
Market Segmentation
By Company
Baowu
Shougang Group
TISCO
Nippon Steel
ThyssenKrupp
Posco
Voestalpine
JFE Steel
CSC
Cleveland-Cliffs
ArcelorMittal
Segment by Type
Thickness < 0.3 mm
Thickness > 0.3 mm
Segment by Application
BEV
PHEV
HEV
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Non Grain-oriented Electrical Steel for Electric Vehicle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Non Grain-oriented Electrical Steel for Electric Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Non Grain-oriented Electrical Steel for Electric Vehicle in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index