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The Business Research Company offers electrical steel market research report 2023 with industry size, share, segments and market growth
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Electrical Steel Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Electrical Steel Market Segments The Business Research Company segments it’s electrical steel market report as: By Type Grain-Oriented, Non-Grain-Oriented Energy, Automotive, Household Appliances, Manufacturing By Industry Large Power Transformers, Distribution Transformers, Small Transformers, Power Generators, Audio Transformers By Application By Industry Vertical By End Users
Market Statistics The global electrical steel market size grew from $26.47 billion in 2022 to $28.3 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The electrical steel market size is expected to grow to $36.9 billion in 2027 at a CAGR of 6.9%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Increasing demand for electric and hybrid vehicles is significantly contributing to the growth of the electrical steel market. Trends The increasing development of sustainable products is a key trend gaining popularity in the electric steel market. • Region Asia-Pacific was the largest region in the electrical steel market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electrical steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Market Players • Major players in the electrical steel market are: • ThyssenKrupp AG • TISCO • Nippon Steel • Posco • JFE Steel • Voestalpine • And more. Get More Information On The Electrical Steel Market Report
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