Electrical Steel Market Poised for Robust Growth, Expected to Reach US$ 44,326.7 million by 2033 with a 6.5% CAGR | Future Market Insights, Inc.

Posted By: Redazione Web 3 Novembre 2023

NEWARK, Del, Nov. 03, 2023 (GLOBE NEWSWIRE) — The electrical steel market is estimated at US$ 42,135.7 million in 2023, with a projected value of US$ 44,326.7 million by 2033. The demand for electrical steel is expected to rise at a CAGR of 6.5% from 2023 to 2033. The electrical steel industry is propelled by the increasing demand for electricity across various sectors, including energy, automotive, and manufacturing.
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