Non-grain oriented electrical steel (NGOES), renowned for its superior magnetic properties, is extensively utilized in producing electric motors and transformers. Its low core loss and high magnetic permeability make it an ideal material for enhancing energy efficiency in electrical devices, ranging from small appliances to large-scale power infrastructure. NGOES plays a pivotal role in supporting the transition to sustainable energy by being a crucial component in electric vehicles, renewable energy systems, and smart grids.
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Data Bridge Market Research analyzes the North America Non-Grain Oriented Electrical Steel Market, which was USD 3,918.29 million in 2022, is expected to reach up to USD 5,922.76 million by 2030, and is expected to undergo a CAGR of 5.3% during the forecast period of 2023 to 2030. Stringent environmental regulations in North America, emphasizing energy efficiency and sustainability, are key drivers for the non-grain oriented electrical steel (NGOES) market.
Key Findings of the Study
Rising demand for electric vehicles (EVs) is expected to drive the market's growth rate
The surge in the adoption of electric vehicles (EVs) across North America is a primary catalyst for the non-grain oriented electrical steel (NGOES) market. NGOES plays a pivotal role in the fabrication of electric motors, a key component in EVs. With the increasing emphasis on sustainable transportation solutions, there is a parallel escalation in the demand for NGOES. As EVs become more mainstream, the requirement for high-performance NGOES to enhance the efficiency of electric motors intensifies, positioning the NGOES market as a crucial beneficiary of the expanding electric vehicle industry in North America.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Tons, Pricing in USD
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Segments Covered
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Type (Fully Processed, Semi-Processed), Thickness (0.23 MM, 0.27 MM, 0.30 MM, 0.35 MM, 0.5 MM, 0.65 MM, Others), Distribution Channel (Offline, Online), Application (Transformers, Inductors, Battery, Filters, Motors, Electrical Ballasts, Power Generators, Magnetic Bearings, Others), End-User (Energy and Power, Automotive, Household Appliances, Building and Construction, Aviation, Others)
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Countries Covered
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U.S., Canada, Mexico in North America
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Market Players Covered
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POSCO (South Korea), ThyssenKrupp AG (Germany), Tata Steel Limited (India), ArcelorMittal S.A. (Luxembourg), Nippon Steel Corporation (Japan), Voestalpine AG (Austria), JFE Shoji Power Canada Inc. (Canada), Cleveland-Cliffs Inc. (U.S.), Aperam S.A. (Luxembourg), Mapes & Sprowl Steel (U.S.), and Arnold Magnetic Technologies (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America non-grain oriented electrical steel market is segmented on the basis of type, thickness, distribution channel, application, and end-user.
- On the basis of type, the North America non-grain oriented electrical steel market is segmented into fully processed, and semi-processed
- On the basis of thickness, the North America non-grain oriented electrical steel market is segmented into 0.23 mm, 0.27 mm, 0.30 mm, 0.35 mm, 0.5 mm, 0.65 mm, and others
- On the basis of distribution channel, the North America non-grain oriented electrical steel market is segmented into offline, and online
- On the basis of application, the North America non-grain oriented electrical steel market is segmented into transformers, inductors, battery, filters, motors, electrical ballasts, power generators, magnetic bearings, and others
- On the basis of end-user, the North America non-grain oriented electrical steel market is segmented into energy and power, automotive, household appliances, building and construction, aviation, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America non-grain oriented electrical steel market players in North America non-grain oriented electrical steel market are POSCO (South Korea), ThyssenKrupp AG (Germany), Tata Steel Limited (India), ArcelorMittal S.A. (Luxembourg), Nippon Steel Corporation (Japan), Voestalpine AG (Austria)
Market Developments
- In March 2023 marked a significant milestone for the United States Steel Corporation. It saw the commencement of production for their new electrical steel product, InduX, at the Big River Steel facility. The commissioning of the non-grain-oriented electrical steel line played a crucial role in realizing this achievement, with production operations set to fully roll out in the summer of 2023
- In May 2022, nine trade associations, including the Edison Electric Institute (EEI), the American Public Power Association (APPA), the National Rural Electric Cooperative Association (NRECA), and the GridWise Alliance, collaborated with the Biden administration to prioritize measures supporting domestic electrical steel production. The associations emphasized the severity of shortages, highlighting that these shortages posed "significant and persistent" challenges to the electrical steel supply chain
- In May 2021, JFE Steel Corporation and JSW Steel Limited (JSW) entered into a collaboration, signaling their intention to conduct a feasibility study. The study aimed to explore the viability of establishing a joint-venture business in India. The joint venture would be dedicated to the manufacturing and marketing of grain-oriented electrical steel sheets, reflecting a collaborative effort between the two companies
- In March 2021, ArcelorMittal made a substantial investment of US$14,090,000,000 in its iCARe electrical steels production facility located in Saint Chély d'Apcher, France. This investment focused on advancing the manufacturing capabilities of non-grain-oriented (NO) iCARe electrical steel grades. This strategic move aimed to meet the evolving demands of the automobile industry, particularly in the context of electro-mobility
- In November 2020, Nippon Steel revealed ambitious plans for a nearly US$1 billion investment across two locations in Japan. The primary objective was to bolster its production capacity for electrical steel sheets. This initiative involved a series of measures to enhance capacity and improve product quality. The anticipated outcome was a remarkable increase of over 40% in production capacity, with these enhancements slated to take effect in the first half of 2023
Regional Analysis
Geographically, the countries covered in the North America non-grain oriented electrical steel market report are U.S., Canada, and Mexico
As per Data Bridge Market Research analysis:
U.S. is estimated to be the fastest growing region in North America non-grain oriented electrical steel market in the forecast period 2023-2030
The U.S. is expected to dominate the North America non-grain oriented electrical steel (NGOES) market, largely driven by the escalating demand for electric vehicles (EVs) within the country. As the shift toward sustainable transportation gains momentum, the U.S. is poised to dominate the NGOES sector due to its technological prowess, robust manufacturing capabilities, and a growing market for EVs. This anticipated dominance reflects a symbiotic relationship between the NGOES market and the production of electric vehicles, positioning the U.S. at the forefront of these interconnected industries.
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