Electrical Steel Market Analysis Focusing on Top Key Players – ArcelorMittal Europe, KOBE Steel, Cogent Power, Voestalpine and POSCO Poggenamp
Rising demand for electricity in industrial & residential areas along with growing investments for infrastructure development will drive the electrical steel market growth. The product is widely used in transformers and motors owing to their high magnetic efficiency. They enhance the performance of materials by reducing hysteresis loss and play a crucial role in the generation, transmission and distribution of electric power. Rise in per capita income and increasing government regulations for the use of transformers that prevent energy loss...
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