Global Non-Grain Oriented Electrical Steel market size is expected to reach $18.92 billion by 2029 at 5.2%, electric vehicle surge propels growth in non-grain-oriented electrical steel market

The electrical steel prices in the United States for Q3 2024 reached 5895 USD/MT in September. The prices of electrical steel in the country exhibited a sustained upward trajectory throughout Q3, reflecting a favorable market environment. Year-over-year price growth highlighted this positive momentum, with prices increasing in the second half of Q3 in comparison to the first.

The effect of carbon content on the magnetic ageing index and Vickers hardness evolution on annealed samples of 2%Si non-oriented grain electrical steel was studied. Samples with 40 and 60ppm carbon content were subjected at ageing temperatures of 200 and 225ºC, respectively. During the ageing treatment, the cycle was interrupted on several time intervals in order to obtain the core loss and to determine Vickers hardness. The precipitates were characterized using scanning electron microscope (SEM). Using the software MatCalc, computer simulations of ε-carbide precipitation were performed and compared with experimental data from literature. The results for both carbon contents showed that the maximum hardness value was achieved in shorter time than that to achieve the maximum magnetic ageing, indicating that the critical size of precipitates more harmful to the magnetic properties is larger than the ones that maximize the hardness.

The electrical steel market is projected to experience significant growth in the coming years. This growth is attributed to a rise in demand for energy-efficient products and the increasing adoption of renewable energy sources. The market was valued at USD 38.29 Billion in 2023 and is expected to expand to USD 70.36 Billion in 2031, growing at a CAGR of 7.90% from 2024 to 2031.

Electrical steel, also known as silicon steel, is a specialty steel utilized in the manufacturing process of various electrical components. These components include transformers, motors, generators, and other electrical equipment. They are critical for the transmission and distribution of electricity, and their performance significantly impacts the overall efficiency of the electrical grid.

Electrical Steel Market: Definition/ Overview

Electrical steel, also known as silicon steel or lamination steel, is a specialty steel designed for exceptional magnetic properties and use in electromagnetic devices. It is employed at the core of transformers, motors, generators, and a variety of other electrical equipment, playing a critical role in ensuring efficient transmission and distribution of electricity.

Electrical steel is primarily an iron alloy. However, unlike regular steel where carbon reigns supreme, silicon takes center stage in electrical steel. The silicon content can range from 1% to 6.5%, with most commercial grades containing up to 3.2% to avoid brittleness during cold rolling. Small amounts of manganese and aluminum may also be added. The key benefit of silicon lies in its impact on the electrical properties of the steel. Silicon significantly increases the electrical resistivity of iron, reducing eddy currents that can cause energy loss within the material. Additionally, it narrows the hysteresis loop, a measure of energy dissipated during magnetization and demagnetization cycles. These improvements translate to lower core losses and higher magnetic permeability, making electrical steel ideal for electromagnetic applications. In certain applications, additional processing techniques may be employed to create a preferential grain orientation within the steel. This is particularly beneficial for applications requiring high efficiency in a static magnetic field, such as transformers. Finally, a thin insulating coating may be applied to further reduce eddy currents and prevent corrosion.

Graph and download economic data for Producer Price Index by Industry: Electric Power and Specialty Transformer Manufacturing: Primary Products (PCU335311335311P) from Jun 1981 to May 2025 about primary, electricity, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.