Global Silicon Steel for New Energy Vehicle Market Growth 2026-2032
Description
The global Silicon Steel for New Energy Vehicle market size is predicted to grow from US$ 3680 million in 2025 to US$ 5337 million in 2032; it is expected to grow at a CAGR of 5.6% from 2026 to 2032.
Silicon steel, an alloy with a silicon content of 0.5% to 4.5%, is known for its high magnetic permeability, low coercivity, and high electrical resistivity. It can be classified into non-oriented and oriented silicon steel based on the grain orientation and crystal alignment. Oriented silicon steel has grains aligned in the rolling direction, offering excellent magnetic flux density in this direction, and is suitable for static devices like transformers. Non-oriented silicon steel has grains oriented in various directions, providing good magnetic flux density in all directions, and is suitable for rotating devices such as industrial motors, new energy vehicle drive motors, and various home appliance motors. Non-oriented silicon steel is mainly used in new energy vehicles, small and medium-sized motors, home appliances, electric bicycles, large generators, and intelligent manufacturing fields. In the new energy vehicle sector, non-oriented silicon steel, as the core material for the stator and rotor cores of permanent magnet synchronous motors, fully benefits from the explosive growth in new energy vehicle production and sales.
United States market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Silicon Steel for New Energy Vehicle players cover Baowu, Shougang Group, Ansteel Group, CSC, Nippon Steel, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.
LP Information, Inc. (LPI) ' newest research report, the “Silicon Steel for New Energy Vehicle Industry Forecast” looks at past sales and reviews total world Silicon Steel for New Energy Vehicle sales in 2025, providing a comprehensive analysis by region and market sector of projected Silicon Steel for New Energy Vehicle sales for 2026 through 2032. With Silicon Steel for New Energy Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Steel for New Energy Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Silicon Steel for New Energy Vehicle 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 Silicon Steel for New Energy Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Silicon Steel for New Energy Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Steel for New Energy Vehicle 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 Silicon Steel for New Energy Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Steel for New Energy Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thickness < 0.25 mm
Thickness > 0.25 mm
Segmentation by Application:
Commercial Vehicle
Passenger Vehicle
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 Group
Ansteel Group
CSC
Nippon Steel
JFE Steel
ThyssenKrupp
Voestalpine
Posco
NLMK
ArcelorMittal
Key Questions Addressed in this Report
What is the 10-year outlook for the global Silicon Steel for New Energy Vehicle market?
What factors are driving Silicon Steel for New Energy Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Silicon Steel for New Energy Vehicle market opportunities vary by end market size?
How does Silicon Steel for New Energy Vehicle break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Silicon steel, an alloy with a silicon content of 0.5% to 4.5%, is known for its high magnetic permeability, low coercivity, and high electrical resistivity. It can be classified into non-oriented and oriented silicon steel based on the grain orientation and crystal alignment. Oriented silicon steel has grains aligned in the rolling direction, offering excellent magnetic flux density in this direction, and is suitable for static devices like transformers. Non-oriented silicon steel has grains oriented in various directions, providing good magnetic flux density in all directions, and is suitable for rotating devices such as industrial motors, new energy vehicle drive motors, and various home appliance motors. Non-oriented silicon steel is mainly used in new energy vehicles, small and medium-sized motors, home appliances, electric bicycles, large generators, and intelligent manufacturing fields. In the new energy vehicle sector, non-oriented silicon steel, as the core material for the stator and rotor cores of permanent magnet synchronous motors, fully benefits from the explosive growth in new energy vehicle production and sales.
United States market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Silicon Steel for New Energy Vehicle is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Silicon Steel for New Energy Vehicle players cover Baowu, Shougang Group, Ansteel Group, CSC, Nippon Steel, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.
LP Information, Inc. (LPI) ' newest research report, the “Silicon Steel for New Energy Vehicle Industry Forecast” looks at past sales and reviews total world Silicon Steel for New Energy Vehicle sales in 2025, providing a comprehensive analysis by region and market sector of projected Silicon Steel for New Energy Vehicle sales for 2026 through 2032. With Silicon Steel for New Energy Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Steel for New Energy Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Silicon Steel for New Energy Vehicle 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 Silicon Steel for New Energy Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Silicon Steel for New Energy Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Steel for New Energy Vehicle 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 Silicon Steel for New Energy Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Steel for New Energy Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thickness < 0.25 mm
Thickness > 0.25 mm
Segmentation by Application:
Commercial Vehicle
Passenger Vehicle
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 Group
Ansteel Group
CSC
Nippon Steel
JFE Steel
ThyssenKrupp
Voestalpine
Posco
NLMK
ArcelorMittal
Key Questions Addressed in this Report
What is the 10-year outlook for the global Silicon Steel for New Energy Vehicle market?
What factors are driving Silicon Steel for New Energy Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Silicon Steel for New Energy Vehicle market opportunities vary by end market size?
How does Silicon Steel for New Energy Vehicle break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
113 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Silicon Steel for New Energy Vehicle by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Silicon Steel for New Energy Vehicle by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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