Insights into the Transformative Role of Electrical Steel in Power...

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2024-07-09 16:34:12 -

Insights into the Transformative Role of Electrical Steel in Power Infrastructure

The electrical steel market is poised to grow at an impressive CAGR of 8.5%, reaching a valuation of US$ 69.4 billion by late 2034. Also known as silicon steel, it is a specialized alloy crucial for electric motors and transformers due to its high magnetic permeability, which minimizes energy losses and enhances efficiency by effectively conducting magnetic flux. Rising demand across...

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