Grain Oriented Electrical Steel Market Drivers, Geographic Segmentation and Sales Analysis till 2025
Global Grain Oriented Electrical Steel Market is anticipated to grow at a higher CAGR in the forecast period. Grain electrical sheets find extensive use of electrical steel in the manufacture of motors, transformers and inductors. Also, aerospace industry propels the market demand for electrical steel. Electrical steel is a special tailor made steel to produce certain magnetic properties resulting in minimal power loss per cycle & high permeability. Electrical steel is particularly manufactured in cold-rolled strips and these strips are shaped to make laminations loaded in a combination to gain laminated cores of transformers. On the other hand, grain-oriented electrical steel particularly has a significant percent of silicon level. Technically, the manufacture process involves yielding of optimal properties resulting out of rolling.
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