The global electrical steel market size was valued at US$ 25.9 billion in 2022 and expected to grow at a CAGR of 8.5% to reach US$ 55.1 billion by the end of 2032.Electrical steel, also known as silicon steel or transformer steel, plays a pivotal role in the energy sector as a core material in the manufacturing of electrical equipment and transformers. Its unique magnetic properties make it...

According to Regional Research Reports, the Global Electrical Steel Strips is projected to reach multi-million USD by 2030 from a million USD in 2021, growing at a CAGR of 5.80% from 2022 to 2030. According to the Regional Research Reports research analysts, the Electrical Steel Strips is estimated to attain significant growth over the forecast period. The report...

European sales of electrical steel are estimated at around US$ 6.3 billion in 2022. The Europe electrical steel market is projected to register an impressive CAGR of 10.3% during 2022-2032 and generate US$ 10.6 billion in absolute dollar opportunity over the assessment period. The European electrical steel market is a dynamic and vital segment of the continent's industrial landscape. Electrical...