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  Electrical Steel Market Poised for Strong Growth as Global Electrification Accelerates The  Electrical Steel Market , valued at US$ 36.66 billion in 2023, is projected to grow significantly, reaching an estimated US$ 62.43 billion by 2030 at a CAGR of 7.9 percent. This momentum is driven by rising demand across automotive, energy, manufacturing, and appliance industries, paired with the global shift toward electrification, cleaner mobility, and intelligent power infrastructure. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 @  https://www.maximizemarketresearch.com/request-sample/13435/   Rising Demand for High-Performance Electrical Steel Electrical steel, a specialized alloy made from iron and silicon, plays a critical role in power transmission and electromagnetic applications. Known also as silicon steel or laminate steel, its magnetic properties make it indispensable for producing transformers, generators, motors, inductors, and various electrical component...

  Global Electrical Steel Market Set for Robust Growth, Projected to Reach USD 62.43 Billion by 2030 Rising Demand Across Automotive, Energy, and Industrial Sectors to Drive Market Expansion at a CAGR of 7.9% Introduction/Overview The  Global Electrical Steel Market  is witnessing significant momentum as industries increasingly prioritize efficiency, performance, and sustainability. Electrical steel, an alloy primarily composed of iron and silicon, is essential for applications requiring enhanced magnetic properties. Often referred to as silicon steel or laminate steel, it is integral to the cores of transformers, generators, and electric motors. The market comprises two primary types: grain-oriented (GO) and non-grain-oriented (NGO) electrical steel, each catering to specific industrial requirements. Grain-oriented steel is particularly valuable in transformer cores due to its high magnetic permeability, while non-grain-oriented steel is widely used in electric motors an...