The Electrical Steel Market size was valued at USD 40.0 billion in 2023 and is expected to reach USD 77.3 billion by 2031 with a growing CAGR of 8.6% over the forecast period of 2024–2031.
Electrical steel, also known as silicon steel or transformer steel, is an alloy primarily made up of iron and silicon. Its unique properties, including high permeability, low core...
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