Global High Magnetic Induction Grain-oriented Silicon Steel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

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

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 and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn091022574 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global High Magnetic Induction Grain-oriented Silicon Steel Market (USD Million), 2021 - 2031

In the year 2024, the Global High Magnetic Induction Grain-oriented Silicon Steel Market was valued at USD 2101.76 million. 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%.

The Global High Magnetic Induction Grain-oriented Silicon Steel Market is witnessing significant growth due to its crucial role in the efficient transmission and distribution of electricity. High magnetic induction grain-oriented (Hi-B) silicon steel is a specialized type of electrical steel designed to have superior magnetic properties, which makes it essential for manufacturing energy-efficient transformers and large electric motors. The unique properties of this steel, such as high permeability, low core loss, and high saturation magnetization, make it indispensable in reducing energy losses in electrical systems, thereby enhancing overall energy efficiency.

The demand for Hi-B silicon steel is driven by the increasing need for reliable and efficient power infrastructure, especially in emerging economies experiencing rapid industrialization and urbanization. Governments and private sectors are investing heavily in upgrading and expanding their electrical grids to meet the rising energy demand. Additionally, the growing emphasis on renewable energy sources, such as wind and solar power, further boosts the market, as transformers used in these applications require high-performance electrical steel to minimize energy loss and improve efficiency.

Moreover, advancements in production technologies have enabled manufacturers to produce Hi-B silicon steel with improved quality and reduced costs, making it more accessible to a broader range of applications. The market is also benefiting from stringent regulatory standards and policies promoting energy efficiency and sustainability. As the global focus on reducing carbon footprints and enhancing energy security intensifies, the Global High Magnetic Induction Grain-oriented Silicon Steel Market is poised for continued growth and innovation in the coming years.

  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 Application
    4. Market Snapshot, By Region
  4. Global 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. Global 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. Global High Magnetic Induction Grain-oriented Silicon Steel Market, By Coating, 2021 - 2031 (USD Million)
      1. Insulated
      2. Non-Insulated
    3. Global 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
    4. Global 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