Global Grain Oriented Electrical Steel Market Size & Outlook
Global grain oriented electrical steel market, 2018-2030 (US$M)
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Global grain oriented electrical steel market highlights
- The global grain oriented electrical steel market generated a revenue of USD 8,615.2 million in 2024 and is expected to reach USD 11,861.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.6% by 2030.
- In terms of segment, transformers accounted for a revenue of USD 4,756.2 million in 2024.
- Motors is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Turkey is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 8,615.2 million |
| Market revenue in 2030 | USD 11,861.4 million |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Transformers |
| Fastest growing segment | Motors |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transformers, Motors, Inductors |
Other key industry trends
- In terms of revenue, the North America accounted for 12.5% of the global grain oriented electrical steel market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Turkey is the fastest growing regional market and is projected to reach USD 339.0 million by 2030.
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Grain Oriented Electrical Steel Market Scope
Grain Oriented Electrical Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JFE Steel | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.jfe-steel.co.jp/en |
| ArcelorMittal | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://corporate.arcelormittal.com/ |
| Arnold Magnetic Technologies | View profile | 501-1000 | Rochester, New York, United States, North America | http://www.arnoldmagnetics.com/ |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Cleveland-Cliffs Inc | View profile | 28000 | 200 Public Square, Suite 3300, Cleveland, OH, United States, 44114-2315 | https://www.clevelandcliffs.com |
Global grain oriented electrical steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grain oriented electrical steel market will help companies and investors design strategic landscapes.
Transformers was the largest segment with a revenue share of 55.21% in 2024. Horizon Databook has segmented the Global grain oriented electrical steel market based on transformers, motors, inductors covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Grain Oriented Electrical Steel End Use Outlook (Revenue, USD Million, 2018-2030)
- Transformers
- Motors
- Inductors
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global grain oriented electrical steel market , including forecasts for subscribers. This global databook contains high-level insights into Global grain oriented electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global grain oriented electrical steel market size, by regions, 2018-2030 (US$M)
Top 10 countries: Grain oriented electrical steel market size, 2024 (US$M)
Global grain oriented electrical steel market share, by end use, 2024 & 2030 (%, US$M)
Grain oriented electrical steel market: Opportunity assessment by country
Global grain oriented electrical steel market, by region, 2024 (US$M)
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