Grain-oriented silicon steel market seen reaching $8.2 billion by 2030

The Business Research Company says the high magnetic induction grain-oriented silicon steel market will rise from $6.3 billion in 2025 to $8.2 billion by 2030 as power grids, renewable energy and electrification drive demand. North America led in 2025, while Asia-Pacific is projected to grow fastest.

Why it matters: - High magnetic induction grain-oriented silicon steel is a core input for transformers, motors and generators. - The material helps improve magnetic efficiency and cut energy loss in power systems. - Demand is tied to grid modernization, renewable energy buildouts and industrial electrification.

What happened: - The Business Research Company released a market report on the high magnetic induction grain-oriented silicon steel market covering 2026-2035. - The market is projected to grow from $6.3 billion in 2025 to $6.63 billion in 2026. - The report forecasts the market will reach $8.2 billion by 2030. - The report puts the market on a 5.2% CAGR for the historical period and 5.5% CAGR through 2030. - The company published a free sample report and the full report.

The details: - High magnetic induction grain-oriented silicon steel is an electrical steel designed for high permeability and low core loss through precise grain alignment. - Manufacturing uses cold rolling, annealing and coating to refine the steel's crystal structure. - Those processes are intended to improve magnetic induction efficiency and reduce power loss in electromagnetic applications. - The report links recent growth to expansion of power grid infrastructure, industrial electrification, demand for energy-efficient transformers, advances in cold rolling steel technologies and wider use in motors and generators. - The forecast also points to renewable energy grids, electric vehicle charging infrastructure, ultra-low loss electrical steel grades, smart grid modernization and energy-efficient transmission systems. - Emerging trends include transformer core optimization, higher demand for low core loss electrical steels, laser scribed domain refinement, ultra-thin silicon steel for compact transformers and advanced magnetic materials for electric mobility.

Between the lines: - Renewable energy integration is becoming a major demand driver because grids need more efficient transformer performance and lower transmission losses. - The cited U.S. Energy Information Administration example shows solar capacity planned to rise 38% in the U.S. electric sector, from 95 gigawatts at the end of 2023 to 131 gigawatts by the end of 2024. - North America held the largest market share in 2025. - Asia-Pacific is expected to post the fastest growth during the forecast period. - The regional split suggests mature grid markets are still dominant, while faster buildouts in Asia-Pacific could reshape demand over the next several years.

What's next: - The market's next phase will likely track renewable grid expansion, smart grid upgrades and electrification of transport infrastructure. - The report highlights expanded 2026 capabilities including TAM analysis, company scoring matrices, forecasting dashboards, market hotspots infographics and updated graphics and tables. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The bottom line: - The market is moving from a $6.3 billion base in 2025 toward a more efficiency-focused, grid-driven growth cycle by 2030.