Singapore Cold Rolled Grain-Oriented Silicon Steel Market

Singapore Cold Rolled Grain-Oriented Silicon Steel Market Insights Forecasts to 2035

• The Singapore Cold Rolled Grain-Oriented Silicon Steel Market Size Was Estimated at USD 4.61 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.1% from 2025 to 2035
• The Singapore Cold Rolled Grain-Oriented Silicon Steel Market Size is Expected to Reach USD 8.84 Billion by 2035

According to a research report published by Decisions Advisors, the Singapore Cold Rolled Grain-Oriented Silicon Steel Market size is anticipated to reach USD 8.84 Billion by 2035, growing at a CAGR of 6.1% from 2025 to 2035. The market for cold-rolled grain-oriented silicon steel in Singapore is driven by a growing demand due to the need for transformers, which is being driven by global infrastructure expansion and rising electricity consumption. The need for effective electricity transmission and distribution systems is being driven by the fast urbanization and industrialization, especially in developing nations.

Market Overview

The extremely concentrated grain structure of grain-oriented silicon steel (GOES), a specific kind of electrical steel that is essential to the effective distribution and transmission of electrical energy, is what sets it apart. It is produced through exact control throughout the production process. A highly trained electrical steel used in the production of high-efficiency transformers and other electrical equipment is called cold-rolled grain-oriented silicon steel (CRGO).

Singapore's export statistics from March 2024 to February 2025, Singapore exported 26 cargoes of grain-oriented steel. Five Singaporean exporters sold these goods to six buyers, which represents a 420% increase over the previous 12 months. Singapore shipped 56 shipments of grain-oriented steel to the world during this time. Thirteen worldwide purchasers received these imports from Singaporean exporters, representing a percentage increase over the previous 12 months.

Adoption is being accelerated by government assistance in the form of financial programs, digital transformation projects, and environmental restrictions. Intelligent systems are being widely used as a result of the need for economical and energy-efficient solutions. Furthermore, smooth real-time data sharing and decision-making are made possible by developments in connection, such as the deployment of 5G and cloud technologies.

Report Coverage

This research report categorizes the market for Singapore cold rolled grain-oriented silicon steel market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore cold-rolled grain-oriented silicon steel market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore cold-rolled grain-oriented silicon steel market.

Driving Factors

The cold-rolled grain-oriented silicon steel market in Singapore is driven by its high permeability; grain-oriented silicon steel can withstand large magnetic pressures with little energy input. This function is crucial for lowering transformers' total energy consumption, thereby lowering running expenses and their environmental impact. The renewable energy industry, since solar and wind projects need complex transformer systems made of premium silicon steel. In developing nations, rapid urbanization is fueling enormous infrastructure development projects that require a lot of electrical equipment. Manufacturers are being forced to use premium-grade silicon steels to comply with strict regulations due to government initiatives pushing energy efficiency standards.

Restraining Factors

The Singaporean cold-rolled grain-oriented silicon steel market is restrained by the impediments to widespread implementation. Excessive setup and upkeep costs continue to be the largest barrier, particularly for small and medium-sized enterprises with limited funding. The shortage of skilled workers with the know-how to run complex digital systems further hinders adoption. Cybersecurity vulnerabilities and data privacy concerns also make potential customers wary, particularly in sectors where confidential information is involved.

Market Segmentation

The Singapore cold-rolled grain-oriented silicon steel market share is classified into product type, application and end user.

• The conventional segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

Based on product type, the Singapore cold-rolled grain-oriented silicon steel market is segmented into conventional, high magnetic strength, domain refined. Among these, the conventional segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by it being inexpensive and performing well enough in typical transformer applications. This product type is chosen for electrical machinery and general-purpose transformers due to its good magnetic characteristics and ease of fabrication. Conventional CRGO steel maintains its market dominance due to its reliable performance and accessibility.

• The transformers segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Singapore cold-rolled grain-oriented silicon steel market is segmented by application into transformers, power generators, motors, and others. Among these, the transformers segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by expanding needs for power transmission and distribution networks, and also by the power demand. Because of its remarkable magnetic properties, CRGO silicon steel is the ideal material for transformer cores, which are essential for reducing core losses and boosting energy efficiency.

• The energy segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

Based on end user, the Singapore cold-rolled grain-oriented silicon steel market is segmented into energy, automotive, manufacturing, and others. Among these, the energy segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by the requirement for dependable and efficient electrical materials, such as CRGO silicon steel, which is growing as nations strive to upgrade their energy infrastructure. The material is essential in transformers due to its exceptional magnetic qualities and capacity to reduce energy losses.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore cold-rolled grain-oriented silicon steel market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kawarin Enterprise
• Gnee Steel
• Arnold Magnetic Technologies
• SMS Group
• Siltronic
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Singapore, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Singapore Cold Rolled Grain-Oriented Silicon Steel Market based on the below-mentioned segments:

Singapore Cold Rolled Grain-Oriented Silicon Steel Market, By Product Type

• Conventional
• High Magnetic Strength
• Domain Refined

Singapore Cold Rolled Grain-Oriented Silicon Steel Market, By Application

• Transformers
• Power Generators
• Motors
• Others

Singapore Cold Rolled Grain-Oriented Silicon Steel Market, By End User

• Energy
• Automotive
• Manufacturing
• Others

FAQ’s

Q: What is the Singapore cold-rolled grain-oriented silicon steel market size?

A: The Singapore Cold Rolled Grain-Oriented Silicon Steel Market size is expected to grow from USD 4.61 billion in 2024 to USD 8.84 billion by 2035, growing at a CAGR of 6.1% during the forecast period 2025-2035.

Q: What are the key growth drivers of the market?

A: Market growth is driven by its high permeability; grain-oriented silicon steel can withstand strong magnetic pressures with little energy input. This characteristic is crucial for lowering the total energy consumption of transformers, which lowers operating expenses and their environmental impact.  The renewable energy sector requires sophisticated transformer systems manufacturer of high-quality silicon steel for solar and wind projects.

Q: What factors restrain the Singapore cold-rolled grain-oriented silicon steel market?

A: Constraints include that barriers to widespread implementation. High installation and maintenance costs remain the largest barrier, particularly for small and medium-sized enterprises with limited funding. The shortage of technical personnel with the know-how to run complex digital systems further hinders adoption.

Q: How is the market segmented by type?

A: The market is segmented into conventional, high magnetic strength, domain refined.

Q: Who are the key players in the Singapore cold-rolled grain-oriented silicon steel market?

A: Key companies include Kawarin Enterprise, Gnee Steel, Arnold Magnetic Technologies, SMS Group, and Siltronic.

Q: Who are the target audiences for this market report?

A: The report targets market players, investors, end-users, government authorities, consulting and research firms, venture capitalists, and value-added resellers.