Europe Non Grain Oriented Electrical Steel Market Size & Outlook
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Europe non grain oriented electrical steel market highlights
- The Europe non grain oriented electrical steel market generated a revenue of USD 3,074.8 million in 2024.
- The market is expected to grow at a CAGR of 4.7% from 2025 to 2030.
- In terms of segment, transformers was the largest revenue generating end use in 2024.
- Motors is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Turkey is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 3,074.8 million |
| Market revenue in 2030 | USD 4,034.2 million |
| Growth rate | 4.7% (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 |
| Key market players worldwide | ArcelorMittal, Arnold Magnetic Technologies, BAOSTEEL, Cleveland-Cliffs Inc, JFE Steel, Nippon Steel Corp, Nucor Corp, POSCO Holdings Inc ADR, Thyssenkrupp AG, Viz |
Other key industry trends
- In terms of revenue, Europe region accounted for 14.6% of the global non grain oriented electrical steel market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,347.2 million by 2030.
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Non Grain Oriented Electrical Steel Market Scope
Non 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/ |
| Viz | View profile | 251-500 | San Francisco, California, United States, North America | http://www.viz.ai |
| 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 |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
Europe non 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 non grain oriented electrical steel market will help companies and investors design strategic landscapes.
Transformers was the largest segment with a revenue share of 56.52% in 2024. Horizon Databook has segmented the Europe non grain oriented electrical steel market based on transformers, motors, inductors covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of non grain oriented electrical steel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe non grain oriented electrical steel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe non grain oriented electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe non grain oriented electrical steel market size, by country, 2018-2030 (US$M)
Europe Non Grain Oriented Electrical Steel Market Outlook Share, 2024 & 2030 (US$M)
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