Mexico Non Grain Oriented Electrical Steel Market Size & Outlook
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Mexico non grain oriented electrical steel market highlights
- The Mexico non grain oriented electrical steel market generated a revenue of USD 503.9 million in 2024 and is expected to reach USD 708.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6% 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.
Non grain oriented electrical steel market data book summary
| Market revenue in 2024 | USD 503.9 million |
| Market revenue in 2030 | USD 708.3 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Transformers |
| Fastest growing segment | Motors |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Mexico accounted for 2.4% of the global non grain oriented electrical steel market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. non grain oriented electrical steel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 708.3 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 |
Mexico 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 54.71% in 2024. Horizon Databook has segmented the Mexico 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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Target buyers of Mexico non grain oriented electrical steel market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico non grain oriented electrical steel market , including forecasts for subscribers. This country databook contains high-level insights into Mexico non grain oriented electrical steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico End Use - Non Grain Oriented Electrical Steel Market size, 2024 - 2030 (US$M)
Mexico Non Grain Oriented Electrical Steel Market Outlook Share, 2024 & 2030 (US$M)
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