Non Grain Oriented Electrical Steel Market Size & Share - Growth Analysis and Forecast 2027-2036

Non Grain Oriented Electrical Steel Market - Regional Analysis

APAC Market Insights

The Asia Pacific non grain oriented electrical steel market is anticipated to register the highest share of 46.3% by the end of 2036. The market’s upliftment is primarily driven by the existence of automotive programs by organizations, a focus on grid modernization and renewable energy targets, along with an increase in electrification. According to a data report published by the IEA Organization in June 2026, there has been a rise in the energy requirement by nearly 40%, while the electricity demand is also rapidly growing, nearly twice as fast as the total energy utilization. Likewise, there has also been a surge in renewables, with fossil fuels continuing to dominate and meeting more than 70% of energy demands. Therefore, based on these factors, the market is gaining increased exposure and continuous development in the overall region.

The non grain oriented electrical steel market in China is growing significantly, owing to the unparalleled scale for electric vehicle manufacturing, renewable energy facilities, and a focus on grid modernization. As per the 2025 IEA data report, the nation’s clean energy investment accounted for more than USD 625 billion, which almost doubled since the past years. In addition, the country also met its 2030 solar and wind capacity target as of 2024, and meanwhile, renewable installations are poised to continue. Apart from this, the country successfully met its 5% gross domestic product (GDP) growth target in 2024, leading to an evolution in macroeconomic-based priorities, thereby creating a huge growth and expansion opportunity for the market.

The aspects of infrastructure modernization, adoption of the government’s PLI scheme, particularly for steel production, and growth in the electric vehicle ecosystem are readily uplifting the non grain oriented electrical steel market in India. As stated in the May 2026 PIB Government data report, there was an increase in steel consumption from 77 million tons to 163.7 million tons in 2026. This eventually reflected a rapid pace of infrastructure development and an expansion in urbanization. Besides, the nation is continuously operating to gain 500 million tons of steel production by the end of 2047, while also pursuing decarbonization of the steel industry to meet net-zero emission intensity by 2040. Based on these aspects, steel production is continuously demonstrating sustained and robust momentum, this positively fueling the market exposure.

Europe Market Insights

Europe market is expected to emerge as the fastest-growing region with a share of 16.2% during the forecast period. The market’s development in the region is highly propelled by a surge in electric vehicles, massive expansion in renewable energy capacity, and the decarbonization agenda. According to an article published by Eurelectric in May 2023, the region initially was committed to reducing carbon dioxide emissions by almost 40% below 1990 levels by the end of 2030, and has further set an ambition of 80% to 95% reduction by 2050. In addition, the decarbonization strategy was raised with the Fit for 55 package, with targets aimed at diminishing net greenhouse gas emissions by almost 55% and also achieving climate neutrality. Therefore, with such targets, the market is continuously expanding in the overall region.

The non grain oriented electrical steel market in Germany is gaining increased traction, owing to the powerhouse of engineering and automotive industries, as well as the presence of a technologically innovative and massive manufacturing base, and an increase in the demand for high-performance electric vehicle traction motors. As stated in an article published by ITA in June 2026, the automotive sector is the country’s largest sector, which effectively accounts for nearly a quarter of overall industrial revenues and also supports nearly 780,000 employment opportunities. The sector generated more than USD 611 billion in total sales as of 2023, indicating an increase of 11% from 2022, including USD 496.3 million for motor vehicles, USD 15.7 million for trailers, and USD 99.8 million for accessories and parts, thus demonstrating an optimistic outlook for the market’s development.

The presence of machinery and metalworking industries, manufacturing facilities for household appliances, automotive components, and industrial equipment, along with a robust steel demand, are responsible for bolstering the market in Italy. As per an article published by the GMK Center in July 2026, steel production in the country accounted for 1.9 million tons as of June 2026. Additionally, the nation also increased its steel output by 3.5% year-on-year (YoY) in the first half of this year. Besides, national steelmakers increased their production, based on which the output surged by 11.5 million tons. Meanwhile, the steel production in the country has been expanding as well as fluctuating monthly, which is focused on enhancing the market’s growth and development.

Steel Production in Italy, 2025-2026

Source: GMK Center

North America Market Insights

North America non grain oriented electrical steel market is predicted to garner a considerable share of 19.2% by the end of the stipulated timeline. The market’s growth in the region is effectively fueled by supportive government reforms, suitable contributions by organizations, and an increase in electrification. According to an article published by the Congress Government in April 2026, the Department of Energy (DOE) indicated that 1.5 million distribution transformers were readily shipped by regional manufacturers. Additionally, the industrial size for distribution transformers in the region was valued at USD 12.4 billion yearly. Besides, the producer price index of massive power transformers and distribution transformers increased by an estimated 40% in 2024, based on which there is a huge demand for NGO-based electrical steel in the overall region.

The non grain oriented electrical steel market in the U.S. is gaining increased exposure, owing to tactical government interventions, a surge in the end use demand, an increase in the requirement from the automotive sector, and escalation in grid component manufacturing. As stated in an article published by the U.S. EIA Government in November 2024, the yearly spending by different utilities producing and delivering electricity increased by 12% from USD 287 billion to USD 320 billion as of 2023. Based on this, delivery infrastructure and aging generation were replaced, new lines were readily connected to renewable resources, along with the integration of technologies, such as automated controls, sensors, and smart meters. Besides, the expenditure on electricity transmission systems almost tripled to USD 27.7 billion as of 2023, thus positively fueling the market in the country.

The upsurge in electricity demand, the provision of massive government-based infrastructure investment, provincial support, and strong requirement for electrical steel utilization are enhancing the market in Canada. As per an article published by ITA in April 2026, the overall installed electricity generation capacity was roughly 158 GW as of 2025 and is further predicted to reach 189 GW by the end of 2030. Besides, the nation’s electricity generation composition did not change, accounting for 58.9% of hydro, 13.5% of nuclear, 20.5% of fossil fuels, 6.3% of wind, and 0.7% of solar. Simultaneously, Yukon, Prince Edward Island, Newfoundland and Labrador, Manitoba, and British Columbia systems depend on hydro for 89% to 95% of power generation, thereby demonstrating a huge growth opportunity for the market.

Canada Energy Industry Analysis, 2022-2025

Source: ITA