The Non-Grain Oriented Silicon Steel Market size was valued at USD 19.8 Billion in 2022 and is projected to reach USD 26.4 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
Non-grain oriented (NGO) silicon steel, also known as electrical steel, is a key material used in various industrial applications due to its unique magnetic properties. This steel is primarily used in applications requiring high magnetic permeability and low core loss, which helps in the efficient operation of electrical devices. Below is a detailed analysis of the Non-Grain Oriented Silicon Steel Market segmented by its major applications: Electric Motor, Home Appliances, Power Generator, Automotive, and Others.
The electric motor segment represents one of the largest applications of Non-Grain Oriented Silicon Steel. These motors are used extensively in industrial machinery, electric vehicles (EVs), HVAC systems, and other electromechanical systems. The superior magnetic properties of NGO steel contribute to reduced energy losses, enabling motors to operate more efficiently. NGO steel is particularly important in applications requiring high torque and high-speed operations, such as industrial motors and electric traction motors used in trains and electric cars. As global demand for energy-efficient technologies increases, the use of NGO steel in electric motors is expected to continue growing. The rising adoption of electric vehicles (EVs) is also boosting the demand for high-performance electric motors, which will drive the need for NGO steel in the coming years.
In the home appliances segment, Non-Grain Oriented Silicon Steel plays a crucial role in various devices that rely on electric motors, such as refrigerators, washing machines, air conditioners, and vacuum cleaners. The material's ability to provide high efficiency, reduce noise, and lower energy consumption makes it ideal for appliances that are in continuous operation. With the growing trend towards energy-efficient and smart appliances, the demand for NGO steel is rising, as manufacturers are focusing on creating appliances that consume less power and provide better performance. Additionally, with the increased consumer focus on sustainability, companies are increasingly adopting materials that improve energy efficiency, which further boosts the market for NGO steel in home appliances.
Non-Grain Oriented Silicon Steel is essential in the construction of transformers, electrical generators, and other power generation equipment. It is used in the core of these machines due to its excellent magnetic properties, which reduce energy loss and improve efficiency. As the global energy demand grows, the power generation industry is expanding, with renewable energy sources like wind and solar driving further growth. NGO steel is particularly valuable in wind turbine generators, where its ability to reduce power loss significantly enhances performance. As more countries invest in clean and renewable energy solutions, the demand for NGO silicon steel is expected to increase, especially in sectors such as offshore wind farms, hydroelectric plants, and nuclear power generation. Additionally, the ongoing upgrade of aging power grids and infrastructure to smart grids is further boosting the market for NGO steel in power generators.
The automotive sector is another growing application for Non-Grain Oriented Silicon Steel, particularly with the rise of electric vehicles (EVs) and hybrid vehicles. NGO steel is used in traction motors, which are integral to electric and hybrid vehicles, due to its ability to enhance motor efficiency and reduce energy consumption. As global automotive manufacturers transition toward electric mobility and increase their production of EVs, the demand for NGO steel is expected to grow significantly. Furthermore, the ongoing trends in automotive electrification, lightweighting, and sustainability are contributing to a rise in the adoption of NGO steel. The material’s magnetic properties improve performance and efficiency, making it an indispensable part of modern electric powertrains, which directly impact the energy consumption and driving range of electric vehicles.
Beyond the primary applications discussed above, Non-Grain Oriented Silicon Steel is used in a variety of other industries. These include the manufacturing of medical equipment such as MRI machines, high-frequency transformers, and various industrial applications that require high-performance electrical components. NGO steel is also used in power electronics, including induction heating systems and electrical components in telecommunication devices. Additionally, NGO steel is being utilized in emerging technologies such as energy storage systems and advanced industrial robots. As industries look for more energy-efficient, cost-effective, and reliable materials for their electrical components, the use of NGO steel in these “other” sectors is expected to expand. As innovation continues across several industrial domains, the versatility of NGO steel makes it a go-to material for a range of high-tech applications.
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By combining cutting-edge technology with conventional knowledge, the Non-Grain Oriented Silicon Steel market is well known for its creative approach. Major participants prioritize high production standards, frequently highlighting energy efficiency and sustainability. Through innovative research, strategic alliances, and ongoing product development, these businesses control both domestic and foreign markets. Prominent manufacturers ensure regulatory compliance while giving priority to changing trends and customer requests. Their competitive advantage is frequently preserved by significant R&D expenditures and a strong emphasis on selling high-end goods worldwide.
Baowu
Shougang Group
TISCO
Nippon Steel
Ansteel
Posco
JFE Steel
Thyssen Krupp
Voestalpine
ArcelorMittal
NLMK
CSC
AK Steel
TATA Steel
BX Steel
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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The Non-Grain Oriented Silicon Steel market is being influenced by several key trends. These include:
Energy Efficiency: As global energy consumption continues to rise, industries are prioritizing the development of energy-efficient products, and NGO steel is critical in achieving these goals. NGO steel helps to reduce core losses in electrical devices, making them more energy-efficient and sustainable.
Electric Vehicle (EV) Growth: The rapid adoption of electric vehicles worldwide is driving the demand for NGO steel, particularly in the production of electric motors and other electric vehicle components. This trend is expected to continue as countries push for cleaner energy solutions and stricter emission regulations.
Renewable Energy Investments: With growing investments in renewable energy sources such as wind and solar power, NGO steel is becoming increasingly essential in power generation systems like wind turbines and solar inverters, where efficiency and performance are critical.
Sustainability Focus: As businesses and consumers place greater emphasis on sustainability, NGO steel’s role in minimizing energy losses and reducing carbon footprints is becoming more important. The material is considered an environmentally friendly alternative compared to traditional materials due to its durability and long-term efficiency.
Technological Advancements: Innovations in manufacturing processes and material science are enabling the development of NGO steels with superior magnetic properties. These advancements are driving the adoption of NGO steel in new and emerging technologies.
Several opportunities are emerging within the Non-Grain Oriented Silicon Steel market, including:
Electrification of Transportation: The growing shift towards electric vehicles presents significant opportunities for manufacturers of NGO steel. The increase in demand for high-efficiency traction motors will continue to drive market growth, especially in the automotive sector.
Growth of Renewable Energy: The expansion of the renewable energy sector, particularly in wind and solar power, creates opportunities for the use of NGO steel in turbines, generators, and other infrastructure components, as these technologies require high-performance materials for optimal operation.
Advanced Power Electronics: As industries explore new forms of power electronics, from induction heating systems to high-frequency transformers, there is a growing need for the unique properties of NGO steel to enhance the performance and efficiency of these devices.
Industrial Automation: The continued automation of industrial processes and the rise of Industry 4.0 technologies present opportunities for NGO steel in advanced robotics, automated manufacturing equipment, and other high-tech applications.
Demand for Smart Grids: The transition from traditional power grids to smart grids requires improved power distribution and less energy loss. NGO steel, with its low core loss and high efficiency, is well-positioned to support this transition.
What is Non-Grain Oriented Silicon Steel used for?
NGO Silicon Steel is primarily used in electrical motors, transformers, and other power generation equipment due to its superior magnetic properties and efficiency.
What are the benefits of Non-Grain Oriented Silicon Steel?
NGO Steel offers high magnetic permeability, reduced core loss, and increased energy efficiency, making it ideal for electrical applications.
Why is Non-Grain Oriented Silicon Steel used in electric motors?
NGO Steel is used in electric motors because of its ability to improve efficiency and reduce energy losses, which is crucial for motor performance.
How does Non-Grain Oriented Silicon Steel contribute to energy efficiency?
NGO Steel minimizes core losses in electrical components, which directly enhances the overall energy efficiency of devices like motors and transformers.
What industries use Non-Grain Oriented Silicon Steel?
NGO Steel is used in industries such as automotive, power generation, home appliances, and industrial machinery, among others.
How is NGO Steel used in renewable energy applications?
NGO Steel is used in wind turbines and solar power equipment to improve energy conversion efficiency and reduce energy losses in power generation.
What is the role of NGO Steel in the automotive industry?
In the automotive industry, NGO Steel is used in electric vehicle motors, improving their efficiency and reducing energy consumption in EVs.
What is the difference between Grain-Oriented and Non-Grain-Oriented Silicon Steel?
Grain-Oriented Steel has magnetic properties aligned in a single direction, while Non-Grain-Oriented Steel has random magnetic properties, offering better performance in rotating applications.
Why is NGO Steel important in the manufacturing of transformers?
NGO Steel reduces energy loss and enhances efficiency, making it essential for transformers that need to operate with minimal power waste.
Is the demand for NGO Steel increasing?
Yes, the demand for NGO Steel is increasing, particularly due to the growth in electric vehicles, renewable energy sectors, and energy-efficient technologies.
What are the key trends in the NGO Steel market?
Key trends include energy efficiency, increased adoption of electric vehicles, renewable energy expansion, and technological advancements in manufacturing NGO Steel.
Can NGO Steel be recycled?
Yes, NGO Steel can be recycled, contributing to its sustainability and reducing the environmental impact of its production.
How does NGO Steel improve the performance of electrical equipment?
NGO Steel improves performance by reducing core losses, enhancing magnetic efficiency, and helping electrical components operate more effectively.
What factors are driving the growth of the NGO Steel market?
The growth of electric vehicles, renewable energy investments, and a focus on energy efficiency are key factors driving the demand for NGO Steel.
What role does NGO Steel play in the power generation industry?
NGO Steel is used in power generation equipment like transformers and generators, where its magnetic properties reduce energy losses and increase efficiency.
How is NGO Steel used in home appliances?
NGO Steel is used in the motors of home appliances like refrigerators, air conditioners, and washing machines to improve efficiency and reduce power consumption.
What are the environmental benefits of using NGO Steel?
NGO Steel helps reduce energy consumption and carbon emissions in electrical devices, contributing to environmental sustainability.
How does the NGO Steel market impact electric vehicles?
The NGO Steel market is crucial for EVs as it provides materials that improve the efficiency of electric motors, reducing energy consumption and enhancing driving range.
What are the challenges faced by the NGO Steel market?
Challenges include the high cost of production, fluctuations in raw material prices, and the need for continuous innovation to meet evolving market demands.
What are the future prospects for the NGO Steel market?
The future looks promising with growth opportunities in electric vehicles, renewable energy, and advanced industrial applications.