Global Grain-Oriented Electrical Steel Sheet (GOES) Market 2024-2030
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Global Grain-Oriented Electrical Steel Sheet (GOES) Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

GRAIN-ORIENTED ELECTRICAL STEEL SHEET(GOES) MARKET

 

INTRODUCTION

For the manufacture of massive, high-performance generators and energy-efficient transformers, grain-oriented electrical steel is a crucial component. It is the vital core component of distribution transformers, power transformers, and miniature transformers in the form of laminated, wrapped, or punched sheets.

 

The 3% silicon steel used in grain-oriented electrical steel (GOES) is prepared under strict control. All of the Silicon steel used to make GOES is produced in the USA and complies with DFARS.

 

Arnold uses a variety of Silicon steel grades. The "pickled" state in which this steel is bought enables to roll it to extremely thin gauges. After being rolled and going through additional processing, the material gets an insulating covering that minimises eddy current losses.

 

After carefully examining magnetic saturation, power loss, thermal conductivity, and mechanical properties of a traction motor with high-frequency (50Hz-400Hz) and high-torque running condition, grain-oriented (GO) silicon steel is used in high-speed (up to 14500rpm) traction motors.

 

GRAIN-ORIENTED ELECTRICAL STEEL SHEET (GOES) MARKET SIZE AND FORECAST

 

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Global grain-oriented electrical steel sheet(GOES) market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

GRAIN-ORIENTED ELECTRICAL STEEL SHEET (GOES) MARKETNEW PRODUCT LAUNCH

The establishment of a joint venture company in India to manufacture and sell grain-oriented electrical steel sheets was the subject of a memorandum of understanding signed by JFE Steel Corporation and JSW Steel Limited (JSW), a strategic alliance partner.

 

With the necessary approvals, it is intended to finish the study during the current fiscal year of 2021 and then proceed with setting up the Company.Through direct participation in international growth markets and partnerships with exceptional local partners, JFE Steel is aggressively seeking to increase the size of its worldwide supply capacity.

 

Since signing a thorough Strategic Collaboration Agreement in 2009, which saw JFE Steel acquire an ownership position in JSW and provide technical assistance with regard to automotive steel products and environmental measures, the Company has continued to strengthen its partnership with JSW.

 

JFE and JSW struck into an agreement in 2012 that allowed JFE to provide technology for the production of non-oriented electrical steel sheets, allowing JSW to overtake other suppliers in India in this market.

 

GRAIN-ORIENTED ELECTRICAL STEEL SHEET (GOES) MARKETRECENT DEVELOPMENT AND INNOVATION

 

S NoCompany NameDevelopment
1US Steel New electrical steel product, Indux, will begin production at its Big River Steel facility in Osceola, Arkansas, this summer with the commissioning of its new non-grain oriented (NGO) electrical steel line.
2Bluemint steelGrain-oriented electrical steel is a specialized type of steel and a vital component in the production of energy-efficient transformers and large, high-performance generators. It is mainly employed in instrument and current transformers, power, and high-voltage direct current transmission cores.

 

U.S. Steel says Indux is a very wide, ultra-thin and lightweight steel, having all the magnetic properties necessary for electric vehicles (EVs), as well as generators and transformers. The company adds that by producing Indux steel in the United States, it is making a significant investment in American jobs and bolstering the resilience of the country’s domestic supply chain.Moreover, steel’s adaptability and near-infinite recyclability make it the ideal material to build safe, modern and sustainable societies.”

 

The main types of products in grain-oriented electrical steel are high magnetic strength, conventional, and domain refinement. High magnetic strength steel refers to a type of alloy steel that has better mechanical qualities and higher corrosion resistance than normal carbon steel.

 

These are used for several applications, including transformers, power generators, motors, and others. The main end-users are electrical steel for automobiles, electrical steel for manufacturing, electrical steel for energy generation, electrical steel for household appliances, and others.

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OFGRAIN-ORIENTED ELECTRICAL STEEL SHEET (GOES) MARKET

  1. How many grain-oriented electrical steel sheet (GOES)  market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global grain-oriented electrical steel sheet (GOES)  market and key vendor selection criteria
  3. Where is the grain-oriented electrical steel sheet (GOES)  market manufactured? What is the average margin per unit?
  4. Market share of Global grain-oriented electrical steel sheet (GOES)  market manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global grain-oriented electrical steel sheet (GOES)  market in-house
  6. key predictions for next 5 years in Global grain-oriented electrical steel sheet (GOES)  market
  7. Average B-2-B grain-oriented electrical steel sheet (GOES)  market price in all segments
  8. Latest trends in grain-oriented electrical steel sheet (GOES)  market, by every market segment
  9. The market size (both volume and value) of the grain-oriented electrical steel sheet (GOES)  market in 2024-2030 and every year in between?
  10. Production breakup of grain-oriented electrical steel sheet (GOES)  market, by suppliers and their OEM relationship

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix