Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
As the electric vehicle (EV) market continues to experience rapid growth, the demand for high-performance materials used in EV motors is also on the rise. One such material that plays a crucial role in the efficiency of EVs is Non Grain-oriented Electrical Steel (NGOES). This specialized steel is designed to improve the performance of electric motors by minimizing energy losses during the operation of electric vehicles. The global Non Grain-oriented Electrical Steel for Electric Vehicle Market is being shaped by various industry requirements that demand higher efficiency and sustainability in EV manufacturing.
Non Grain-oriented Electrical Steel, unlike its grain-oriented counterpart, offers superior performance in applications where the magnetic field is not consistently aligned. This feature makes it ideal for EVs, where motors often operate in multi-directional magnetic fields. As a result, NGOES reduces energy loss during operation, enhancing motor efficiency and contributing to longer driving ranges for EVs. As automakers and suppliers aim to meet stringent energy efficiency targets, the demand for NGOES is projected to rise steadily.
The primary industry requirement driving the need for NGOES in electric vehicles is the push for improved efficiency in electric drivetrains. The growing demand for EVs, fueled by concerns over climate change and government regulations, has led to innovations in materials used for energy storage and propulsion. NGOES steel provides excellent magnetic properties, ensuring that EV motors work at their highest potential, consuming less energy and generating less heat during operation.
Another significant requirement from industries is the lightweight nature of materials used in EV manufacturing. NGOES is lightweight, contributing to reduced vehicle weight, which directly impacts the performance and range of electric vehicles. The enhanced material properties of NGOES steel are enabling automakers to produce more efficient, high-performance electric vehicles while also reducing energy consumption, both crucial factors in the industry’s shift toward sustainability.
Furthermore, with technological advancements, the manufacturing processes of NGOES are becoming more refined, offering better control over material properties. This allows manufacturers to customize NGOES to meet the specific needs of EV motor designs, ensuring that the steel performs optimally under various operating conditions. The ability to tailor NGOES is one of the key factors that makes it a valuable material in the electric vehicle market.
In conclusion, the Non Grain-oriented Electrical Steel for Electric Vehicle Market is poised for significant growth as the global transition to electric vehicles accelerates. The industry demands higher efficiency, reduced energy consumption, and lightweight materials, all of which NGOES can deliver. As technology advances and more automakers adopt electric drivetrains, the role of NGOES in shaping the future of electric vehicles will continue to be pivotal.
Get an In-Depth Research Analysis of the Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market Size And Forecast [2025-2032]
ThyssenKrupp
Shougang
Voestalpine
TATA Steel
ArcelorMittal
CSC
TISCO
Posco
Nippon Steel
Baowu
Ansteel
Benxi Steel
JFE Steel
AK Steel
NLMK Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market
Silicon Steel
High Silicon Steel
Transformer Steel
Thin Gauge Electrical Steel
Specialty Electrical Steel
Electric Motor Systems
Power Electronics
Battery Management Systems
Charging Infrastructure
Regenerative Braking Systems
Sheets
Coils
Cut Plates
Custom Shapes
Stacked Laminations
Cold Rolled
Hot Rolled
Stamping
Laser Cutting
Annealing Processes
Thin (Below 0.5 mm)
Medium (0.5 mm - 2 mm)
Thick (Above 2 mm)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market Research Analysis
1. Introduction of the Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market, By Type
6. Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market, By Application
7. Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Non Grain-oriented Electrical Steel for Electric Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/