Grain Oriented Electrical Steel Market To Reach $11.86 Billion By 2030

Grain Oriented Electrical Steel Market Growth & Trends

The global grain oriented electrical steel market size is anticipated to reach USD 11.86 billion by 2030, growing at a CAGR of 5.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of global grain oriented electrical steel (GOES) industry is driven by several factors, particularly the increasing demand for energy-efficient solutions and the rise of renewable energy. As industries and governments aim to reduce energy consumption and enhance electrical infrastructure performance, GOES adoption has surged. Its superior magnetic properties, which reduce energy losses in transformers devices, make it an essential component in modern electric systems.

Wind turbines, which play a crucial role in green energy generation, require advanced electrical steel to optimize the performance of their generators. With its high permeability and low core loss characteristics, grain oriented steel is ideal for such applications. As countries worldwide commit to reducing carbon emissions and increasing the share of renewable energy in their energy mix, the demand for GOES in wind power generation and other green technologies is expected to grow significantly.

As the global population continues to grow, especially in emerging markets, there is an increasing need for efficient electric infrastructure. This includes constructing new power plants, expanding electrical grids, and modernizing existing electrical networks to support urbanization. GOES is essential in ensuring these power systems operate optimally, minimizing energy waste and reducing operational costs. This has led to an uptick in power generation and distribution infrastructure investments, further driving the demand for high-quality steel.

Innovations such as the development of thinner, more efficient grades of electrical steel have allowed manufacturers to produce transformers and electrical devices that are not only more efficient but also more compact. These advancements have expanded the range of applications for GOES, including use in high-performance motors, EVs, and other next-generation technologies. As industries seek to improve the efficiency and performance of their products, the demand for advanced grades of GOES continues to rise.

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Grain Oriented Electrical Steel Market Report Highlights

• Based on end use, the transformers segment dominated with a market share of over 52.0% in 2024 due to their widespread application in power distribution and electrical systems.

• Asia Pacific was the dominant region in the grain oriented electrical steel industry with a revenue share of over 69.0% in 2024 driven by the high demand for electrical steel in manufacturing industries and rapid industrialization.

• Key industry participants include ArcelorMittal; POSCO; Stalprodukt S.A.; and Baosteel Group Corporation.

Grain Oriented Electrical Steel Market Segmentation

Grand View Research has segmented the global grain oriented electrical steel market based on end use and region:

Grain Oriented Electrical Steel End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Transformers

• Motors

• Inductors

• Others

Grain Oriented Electrical Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • Russia

  • Turkey

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • Iran

List of Key Players in the Grain Oriented Electrical Steel Market

• ArcelorMittal

• Arnold Magnetic Technologies

• Baosteel Group Corporation

• Cleveland-Cliffs Inc.

• JFE Steel Corporation

• NIPPON STEEL CORPORATION

• POSCO

• Stalprodukt S.A.

• thyssenkrupp

• VIZ-Steel