High Magnetic Induction Grain-oriented Silicon Steel Market

By Type;

High Temperature High Magnetic Induction Grain-oriented Silicon Steel and Low Temperature High Magnetic Induction Grain-oriented Silicon Steel

By Thickness;

0.20 mm - 0.30 mm and 0.30 mm - 0.50 mm

By Coating;

Insulated and Non-Insulated

By Application;

Power Distribution Transformers, Power Generators, Industrial Motors, and Automotive

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn091022574 Published Date: August, 2025 Updated Date: September, 2025

High Magnetic Induction Grain-oriented Silicon Steel Market Overview

High Magnetic Induction Grain-oriented Silicon Steel Market (USD Million)

High Magnetic Induction Grain-oriented Silicon Steel Market was valued at USD 2101.76 million in the year 2024. The size of this market is expected to increase to USD 2765.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.


High Magnetic Induction Grain-oriented Silicon Steel Market

*Market size in USD million

CAGR 4.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.0 %
Market Size (2024)USD 2101.76 Million
Market Size (2031)USD 2765.77 Million
Market ConcentrationHigh
Report Pages313
2101.76
2024
2765.77
2031

Major Players

  • Nippon Steel & Sumitomo Metal
  • Kawasaki
  • AK
  • Posco
  • Bao Steel
  • ThyssenKrupp

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

High Magnetic Induction Grain-oriented Silicon Steel Market

Fragmented - Highly competitive market without dominant players


The High Magnetic Induction Grain-oriented Silicon Steel Market is undergoing rapid transformation, delivering materials with exceptional magnetic performance that significantly improve energy efficiency. Adoption has risen by nearly 45% as industries seek advanced solutions to cut power losses and enhance transformer reliability. This trend highlights the steel’s growing role in shaping a sustainable and efficient energy landscape.

Efficiency-Driven Demand
The rising demand for energy-efficient infrastructure is a key factor driving market growth. Close to 50% of new transformer installations now use high magnetic induction steel, reflecting its essential contribution to reducing system inefficiencies. By enabling lower energy losses, the material is becoming indispensable in industrial and utility power systems.

Advancements in Steel Processing
Technological progress in grain orientation and steel processing has strengthened adoption rates further. Roughly 40% of recent product innovations are designed to enhance flux density and minimize operational noise. These advancements are enhancing product value, securing a broader foothold in next-generation energy and electrical applications.

Growth Prospects and Industry Outlook
Looking ahead, the market shows robust potential, with adoption projected to reach over 60% in transformer manufacturing. Backed by innovations in steel processing, efficiency-driven demand, and global clean energy expansion, the High Magnetic Induction Grain-oriented Silicon Steel Market is firmly positioned as a cornerstone of advanced electrical performance and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Coating
    3. Market Snapshot, By Thickness
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. High Magnetic Induction Grain-oriented Silicon Steel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing energy demand
        2. Renewable energy growth
        3. Regulatory energy standards
        4. Technological advancements
      2. Restraints
        1. High production costs
        2. Raw material volatility
        3. Technological complexity
        4. Market competition pressures
      3. Opportunities
        1. Emerging market expansion
        2. Green energy initiatives
        3. Smart grid development
        4. Advanced manufacturing techniques
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. High Magnetic Induction Grain-oriented Silicon Steel Market, By Type, 2021 - 2031 (USD Million)
      1. High Temperature High Magnetic Induction Grain-oriented Silicon Steel
      2. Low Temperature High Magnetic Induction Grain-oriented Silicon Steel
    2. High Magnetic Induction Grain-oriented Silicon Steel Market, By Thickness, 2021 - 2031 (USD Million)

      1. 0.20 mm - 0.30 mm

      2. 0.30 mm - 0.50 mm

    3. High Magnetic Induction Grain-oriented Silicon Steel Market, By Coating, 2021 - 2031 (USD Million)
      1. Insulated
      2. Non-Insulated
    4. High Magnetic Induction Grain-oriented Silicon Steel Market, By Application, 2021 - 2031 (USD Million)
      1. Power Distribution Transformers
      2. Power Generators
      3. Industrial Motors
      4. Automotive
    5. High Magnetic Induction Grain-oriented Silicon Steel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nippon Steel & Sumitomo Metal
      2. Kawasaki
      3. AK
      4. Posco
      5. Bao Steel
      6. ThyssenKrupp
  7. Analyst Views
  8. Future Outlook of the Market