Global GO Silicon Steel Market Growth 2025-2031

The global GO Silicon Steel market size is predicted to grow from US$ 9267 million in 2025 to US$ 10780 million in 2031; it is expected to grow at a CAGR of 2.6% from 2025 to 2031.

As countries around the world continue to invest in upgrading and expanding their power infrastructure, there is a growing need for transformers that can efficiently transmit and distribute electricity. GOES, with its superior magnetic properties, enables the construction of highly efficient transformers that minimize energy losses during power transmission. The integration of renewable energy sources such as wind and solar power into the electrical grid requires effective power conversion and distribution systems. GOES is utilized in the production of transformers that facilitate the efficient transfer of electricity generated from renewable sources, helping to stabilize the grid and maximize energy utilization. Governments and organizations worldwide are implementing energy conservation programs to reduce energy consumption and minimize carbon emissions. GOES plays a crucial role in supporting these initiatives by enabling the development of energy-efficient transformers that reduce power losses and contribute to overall energy conservation.

LP Information, Inc. (LPI) ' newest research report, the “GO Silicon Steel Industry Forecast” looks at past sales and reviews total world GO Silicon Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected GO Silicon Steel sales for 2025 through 2031. With GO Silicon Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GO Silicon Steel industry.

This Insight Report provides a comprehensive analysis of the global GO Silicon Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GO Silicon Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global GO Silicon Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GO Silicon Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GO Silicon Steel.

This report presents a comprehensive overview, market shares, and growth opportunities of GO Silicon Steel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

High Magnetic Strength

Conventional

Segmentation by Application:

Transformer

Motor

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Baowu Group

Nippon Steel

NLMK

AK Steel (Cleveland-Cliffs)

Shougang

Posco

ThyssenKrupp

JFE Steel

Stalprodukt S.A.

Chongqing Wangbian

Baotou Weifeng

Aperam

Zhejiang Huaying

Wuxi Huajing

Key Questions Addressed in this Report

What is the 10-year outlook for the global GO Silicon Steel market?

What factors are driving GO Silicon Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do GO Silicon Steel market opportunities vary by end market size?

How does GO Silicon Steel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.