Global NGO Silicon Steel Market Growth 2025-2031

The global NGO Silicon Steel market size is predicted to grow from US$ 16970 million in 2025 to US$ 20600 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.

The increasing global demand for electricity, driven by population growth, industrialization, and urbanization, is a major driver for the NGOES market. As more countries invest in renewable energy sources, such as wind and solar power, the demand for NGOES-based electrical equipment like generators and inverters is expected to rise. The rapid adoption of electric vehicles is a significant driver for the NGOES market. NGOES is used in electric motors and traction motors in EVs. With the global push for decarbonization and the increasing demand for electric vehicles, the NGOES market is expected to experience substantial growth.

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

This Insight Report provides a comprehensive analysis of the global NGO 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 NGO Silicon Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global NGO Silicon Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NGO 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 NGO Silicon Steel.

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

Segmentation by Type:

Semi-processed

Fully Processed

Segmentation by Application:

Motor

Home Appliances

Power Generator

Automotive

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

Shougang

TISCO

Nippon Steel

Ansteel

Posco

JFE Steel

ThyssenKrupp

Voestalpine

NLMK

CSC

AK Steel (Cleveland-Cliffs)

ArcelorMittal

BX Steel

Key Questions Addressed in this Report

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

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

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

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

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

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