Global Electrical Steel Market Size Poised for Rapid Growth Amid Rising Demand for Energy-Efficient
Global Electrical Steel Market Projected to Reach $60.43 Billion by 2030 Comprehensive Analysis Highlights Market Estimation, Growth Drivers, Segmentation, Regional Insights, Competitive Landscape, and Future Outlook The Global Electrical Steel Market Size is poised for significant expansion, with projections indicating a valuation of approximately $60.43 billion by 2030. This growth trajectory reflects a Compound Annual Growth Rate (CAGR) of 13.6% from 2024 to 2030. The increasing demand for energy-efficient electrical components, driven by the rapid industrialization, urbanization, and the burgeoning electric vehicle (EV) industry, is a primary catalyst for this market's robust development.
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