North America Grain Oriented Electrical Steel Market – Industry Trends and Forecast to 2031

North America Grain Oriented Electrical Steel Market, By Type (Domain Refined, High Magnetic Strength, and Conventional), Thickness (0.23 MM, 0.27 MM, 0.30 MM, 0.35 MM, 0.5 MM, 0.65 MM, and Others), Form (Laminated Sheets, Wounds Sheets, and Punched Sheets), Silicone Content (Below 3% and 3% or More), Distribution Channel (Online and Offline), Application (Transformers, Power Generators, Motors, Battery, Shunt Reactor, Wound Cores, and Others), End-User (Energy and Power, Automotive, Household Appliances, Building and Construction, Aviation, and Others) - Industry Trends and Forecast to 2031.

North America Grain Oriented Electrical Steel Market Analysis and Size

Grain oriented electrical steel market thrives with innovative applications and new methods, revolutionizing the industry. The introduction of advanced technologies enhances efficiency, meeting rising demands for sustainable energy solutions. This evolution positions grain oriented electrical steel as a key player in the dynamic landscape of electrical components.

Data Bridge Market Research analyzes that the North America grain oriented electrical steel market which was USD 3.57 billion in 2023, is expected to reach USD 5.77 billion by 2031, growing at a CAGR of 6.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Grain-oriented electrical steel is a specialized type of steel used in transformers and electric motors due to its unique magnetic properties. Its grains are aligned in a single direction, enhancing its efficiency in converting electrical energy into magnetic energy. This orientation minimizes energy loss and improves performance in power transmission systems.

North America Grain Oriented Electrical Steel Market Dynamics

Drivers

• Growing Demand for Energy-Efficient Transformers

With increasing urbanization and industrialization, there's a rising electricity demand globally. Grain-oriented electrical steel is a crucial component in manufacturing energy-efficient transformers, which are essential for transmitting and distributing electricity with minimal losses. Therefore, the increasing demand for energy-efficient transformers is raising the usage of grain-oriented electrical steel, which is driving the market growth.

• Growing Renewable Energy Integration

The transition to renewable energy, particularly wind and solar power, demands efficient power transmission. Grain-oriented electrical steel plays a pivotal role in transformer construction for renewable energy infrastructure, fueling demand in this sector. Its magnetic properties enable high-efficiency energy transfer, facilitating the integration of sustainable power sources into the grid.

Opportunities

• Electrification of Transportation

The rise of electric vehicles (EVs) and the electrification of transportation demand efficient charging infrastructure. Grain-oriented electrical steel plays a vital role in manufacturing transformers and charging equipment, essential components for power distribution networks. Its use supports market expansion by ensuring reliable and efficient electricity transmission in the growing EV ecosystem.

• Increasing Focus on Sustainability

Environmental concerns and carbon emission reduction efforts propel the demand for energy-efficient technologies. Grain-oriented electrical steel facilitates the construction of efficient transformers and electrical equipment, aligning with sustainability objectives. Consequently, its demand surges as industries prioritize environmentally friendly solutions to meet energy needs.

 Restraints/Challenges

• Safety and Technological Constraints

Manufacturers of electrical steel products must adhere to strict safety protocols to mitigate the risk of accidents. Understanding the material's magnetic properties is crucial to controlling current flow. Safety measures are imperative to ensure production quality and prevent casualties. Knowledge of proper handling reduces accident risks before utilizing electrical steel products in various applications.

• High Cost of Raw Material

Raw material price volatility, particularly in iron ore and coal, profoundly affects grain-oriented electrical steel production costs. Fluctuations in these essential inputs can disrupt manufacturing budgets, leading to increased expenses and potentially reduced profitability for producers in the market.

This North America grain oriented electrical steel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America grain oriented electrical steel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In January 2023, the U.S. Department of Energy proposed energy efficiency standards, mandating amorphous steel cores in new distribution transformers. This shift, emphasizing amorphous steel's superiority over traditional grain-oriented electrical steel, signals a transformative step in the grain-oriented electrical steel market toward enhanced efficiency
• In May 2021, Aperam strategic move to acquire ELG from Franz Haniel & Cie. GmbH showcased a significant development in the grain-oriented electrical steel market. This acquisition fortifies Aperam global presence, leveraging ELG's expertise in stainless and alloy recycling to bolster market position and competitiveness
• In March 2021, the acquisition of Ramco Electric Motors, Inc. by Arnold Magnetic Technologies illuminated a strategic shift within the used cooking oil market. This integration extends product diversity, widens consumer reach, and nurtures innovation, positioning Arnold Magnetic Technologies as a dominant player in used cooking oil recycling

North America Grain Oriented Electrical Steel Market Scope

The North America grain oriented electrical steel market is segmented on the basis of type, thickness, form, silicone content, distribution channel, application, and end-user . The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Domain Refined
• High Magnetic Strength
• Conventional

 Thickness

• 0.23 MM
• 0.27 MM
• 0.30 MM
• 0.35 MM
• 0.5 MM
• 0.65 MM
• Others

 Form

• Laminated Sheets
• Wounds Sheets
• Punched Sheets

 Silicone Content

• Below 3%
• 3% or More

 Distribution Channel

• Online
• Offline

 Application

• Transformers
• Power Generators
• Motors
• Battery
• Shunt Reactor
• Wound Cores
• Others

 End-User

• Energy and Power
• Automotive
• Household Appliances
• Building and Construction
• Aviation
• Others

North America Grain Oriented Electrical Steel Market Regional Analysis/Insights

The North America grain oriented electrical steel market is analyzed and market size insights and trends are provided by type, thickness, form, silicone content, distribution channel, application, and end-user as referenced above.

The countries covered in the North America grain oriented electrical steel market report are U.S., Canada, and Mexico.

The U.S. is expected to dominate the market due to the rising demand for electric vehicles (EVs) within the country. This surge underscores the pivotal role of electrical steel in supporting the infrastructure for sustainable transportation solutions.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Grain Oriented Electrical Steel Market Share Analysis

The North America grain oriented electrical steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the North America grain oriented electrical steel market are:

• POSCO (South Korea)
•  JFE Steel Corporation. (Japan)
•  Tempel (U.S.)
•  NLMK (Russia)
•  UPG Enterprises LLC (U.S.)
•  Baosteel Group (China)
•  ThyssenKrupp AG (Germany)
•  Tata Steel Limited (India)
•  ArcelorMitta (Luxembourg)
•  NIPPON STEEL CORPORATION (Japan)
•  Cleveland-Cliffs Inc. (U.S.)
•  Aperam S.A. (Luxembourg)
•  Mapes & Sprowl (U.S.)
•  Arnold Magnetic Technologies (U.S.)